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Restructuring (Tables)
3 Months Ended
Mar. 31, 2013
Schedule of Change in Balance Sheet Position of Restructuring Reserves

First quarter of 2013

The employee-related restructuring provisions in the first quarter of 2013 mainly relate to headcount reductions in Europe. The cash payments mainly relate to high-cost countries in Europe. The changes in the employee-related reserves were charged against Other income (expense), net in the Consolidated Statements of Income. The table below summarizes the change in the balance sheet position of the restructuring reserves from December 31, 2012 to March 31, 2013.

 

     December 31,
2012
     Provision/
Charge
     Provision/
Reversal
    Cash
payments
    Translation
difference
    March 31,
2013
 

Restructuring employee-related

   $ 74.9       $ 2.3       $ (0.1   $ (4.7   $ (2.3   $ 70.1   

Other

     0.9         —           —          (0.4     0.0        0.5   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total reserve

   $ 75.8       $ 2.3       $ (0.1   $ (5.1   $ (2.3   $ 70.6   

 

2012

In 2012, the employee-related restructuring provisions mainly relatedto headcount reductions throughout Europe. The cash payments mainly related to high-cost countries in Europe . The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. The table below summarizes the change in the balance sheet position of the restructuring reserves from December 31, 2011 to December 31, 2012.

 

     December 31,
2011
     Provision/
Charge
     Provision/
Reversal
    Cash
payments
    Translation
difference
     December 31,
2012
 

Restructuring employee-related

   $ 31.4       $ 76.6       $ (1.8   $ (33.3   $ 2.0       $ 74.9   

Other

     0.9         0.3         (0.3     (0.0     —           0.9   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Total reserve

   $ 32.3       $ 76.9       $ (2.1   $ (33.3   $ 2.0       $ 75.8