Restructuring and Other Charges

2014 Restructuring Plan and Other Restructuring Plans

In the first quarter of 2014, the Company initiated a restructuring plan (the “2014 Restructuring Plan”) designed to refocus the Company's strategy, optimize its structure, and improve operational efficiencies. The 2014 Restructuring Plan consisted of workforce reductions, facility consolidations and closures, asset write-downs, contract terminations and other charges. The Company had also initiated restructuring plans in each of the fiscal years from 2011 through 2013 (the “Other Restructuring Plans”) which focused on improving the Company's cost structure through product portfolio rationalizations, workforce reductions, contract terminations, project cancellations, and facility closures and consolidations. As of December 31, 2014, the Company's restructuring plans have been substantially completed and the Company does not expect to record significant future charges under any of these restructuring plans.

The following table presents restructuring and other charges and (benefits) included in cost of revenues and restructuring and other (benefit) charges in the Condensed Consolidated Statements of Operations under the Company's restructuring plans (in millions):



	Three Months Ended June 30,					Six Months Ended June 30,
	2015			2014		2015			2014
Severance	$	(1.1	)	$	10.2	$	0.4		$	38.5
Facilities	(0.8		)	37.6		(0.9		)	37.8
Contract terminations	—			1.5		—			2.3
Asset impairment and write-downs	—			22.7		—			115.8
Total	$	(1.9	)	$	72.0	$	(0.5	)	$	194.4

Reported as:
Cost of revenues	$	—		$	13.8	$	—		$	22.2
Restructuring and other (benefit) charges	(1.9		)	58.2		(0.5		)	172.2
Total	$	(1.9	)	$	72.0	$	(0.5	)	$	194.4

During the three months ended June 30, 2015, the Company recorded benefits of $1.1 million for severance and $0.8 million for facility consolidation and closures that were recorded to restructuring and other (benefit) charges in the Condensed Consolidated Statements of Operations, related to the 2014 Restructuring Plan. During the six months ended June 30, 2015, the Company recorded $0.4 million of severance costs and a benefit of $0.9 million for facilities that were recorded in restructuring and other (benefit) charges in the Condensed Consolidated Statements of Operations, in connection with the 2014 Restructuring Plan.

During the three months ended June 30, 2014, the Company recorded $9.9 million of severance costs, $37.6 million of facility consolidation and closures, $8.9 million of asset write-downs, and $1.5 million of contract terminations, which were recorded in restructuring and other (benefit) charges in the Condensed Consolidated Statements of Operations, in connection with the 2014 Restructuring Plan. The Company also recorded inventory write-downs of $11.5 million and a charge related to products with contract manufacturers of $2.3 million for acceleration of the end-of-service life of certain products that were recorded in cost of revenues in the Condensed Consolidated Statements of Operations during the three months ended June 30, 2014, in connection with the 2014 Restructuring Plan. The remaining $0.3 million of charges were incurred for Other Restructuring Plans during the three months ended June 30, 2014.

During the six months ended June 30, 2014, the Company recorded $37.9 million of severance costs, $37.6 million of facility consolidation and closures, $84.7 million of impairment charges related to licensed software, $8.9 million of asset write-downs, and $2.3 million of contract terminations, which were recorded in restructuring and other (benefit) charges in the Condensed Consolidated Statements of Operations. The Company also recorded inventory write-downs of $15.5 million and a charge related to products with contract manufacturers of $6.7 million for acceleration of the end-of-service life of certain products to cost of revenues in the Condensed Consolidated Statement of Operations during the six months ended June 30, 2014, in connection with the 2014 Restructuring Plan. The remaining $0.8 million of charges were incurred for the other restructuring plans during the six months ended June 30, 2014.

Restructuring and other (benefit) charges noted above are based on the 2014 Restructuring Plan and Other Restructuring Plans that were committed to by management. Any changes in the estimates of executing the approved restructuring plans are reflected in the Company's results of operations.

Restructuring Liability

Restructuring liabilities are reported within other accrued liabilities and other long-term liabilities in the Condensed Consolidated Balance Sheets. The following table provides a summary of changes in the restructuring liability related to the Company's plans during the six months ended June 30, 2015 (in millions):



	December 31, 2014		Charges			Cash Payments			Non-cash Settlements and Other			June 30, 2015
Severance	$	9.4	$	0.4		$	(7.8	)	$	(1.5	)	$	0.5
Facilities	7.4		(0.9		)	(2.3		)	(0.4		)	3.8
Contract terminations and other	0.2		—			—			(0.2		)	—
Total	$	17.0	$	(0.5	)	$	(10.1	)	$	(2.1	)	$	4.3

As of June 30, 2015, the Company's restructuring liability was $4.3 million, of which $0.5 million is related to severance expected to be substantially settled by September 2015. The remaining $3.8 million, which is primarily related to facility closures, is expected to be paid through March 2018.