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Restructuring (Tables)
9 Months Ended
Sep. 30, 2015
Schedule of Change in Balance Sheet Position of Restructuring Reserves

Third quarter of 2015

The employee-related restructuring provisions and cash payments in the third quarter of 2015 mainly related to headcount reductions in high-cost countries in Europe. The changes in the employee-related reserves were charged against Other income (expense), net in the Consolidated Statements of Net Income. The table below summarizes the change in the balance sheet position of the restructuring reserves from June 30, 2015 to September 30, 2015.

 

     June 30,
2015
     Provision/
Charge
     Provision/
Reversal
    Cash
payments
    Translation
difference
    September 30,
2015
 

Restructuring employee-related

   $ 81.9       $ 41.1       $ (0.1   $ (12.5   $ (0.5   $ 109.9   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total reserve

   $ 81.9       $ 41.1       $ (0.1   $ (12.5   $ (0.5   $ 109.9   

Second quarter of 2015

The employee-related restructuring provisions and cash payments in the second quarter of 2015 mainly related to headcount reductions in high-cost countries in Europe. The changes in the employee-related reserves were charged against Other income (expense), net in the Consolidated Statements of Net Income. The table below summarizes the change in the balance sheet position of the restructuring reserves from March 31, 2015 to June 30, 2015.

 

     March 31,
2015
     Provision/
Charge
     Provision/
Reversal
    Cash
payments
    Translation
difference
     June 30,
2015
 

Restructuring employee-related

   $ 79.3       $ 7.4       $ (0.9   $ (6.7   $ 2.8       $ 81.9   

Other

     —           0.2         —          (0.2     —           —     
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Total reserve

   $ 79.3       $ 7.6       $ (0.9   $ (6.9   $ 2.8       $ 81.9   

First quarter of 2015

The employee-related restructuring provisions and cash payments in the first quarter of 2015 mainly related to headcount reductions in high-cost countries in Europe. The changes in the employee-related reserves were charged against Other income (expense), net in the Consolidated Statements of Net Income. The table below summarizes the change in the balance sheet position of the restructuring reserves from December 31, 2014 to March 31, 2015.

 

     December 31,
2014
     Provision/
Charge
     Provision/
Reversal
    Cash
payments
    Translation
difference
    March 31,
2015
 

Restructuring employee-related

   $ 79.6       $ 35.5       $ (0.9   $ (25.9   $ (9.0   $ 79.3   

Other

     0.2         0.1         —          (0.3     —          —     
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total reserve

   $ 79.8       $ 35.6       $ (0.9   $ (26.2   $ (9.0   $ 79.3   

2014

In 2014, the employee-related restructuring provisions and cash payments mainly related to headcount reductions in 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 Net Income. The table below summarizes the change in the balance sheet position of the restructuring reserves from December 31, 2013 to December 31, 2014.

 

     December 31,
2013
     Provision/
Charge
     Provision/
Reversal
    Cash
payments
    Translation
difference
    December 31,
2014
 

Restructuring employee-related

   $ 93.9       $ 42.6       $ (2.3   $ (44.2   $ (10.4   $ 79.6   

Other

     0.3         0.2         (0.0     (0.3     0.0        0.2   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total reserve

   $ 94.2       $ 42.8       $ (2.3   $ (44.5   $ (10.4   $ 79.8