Restructuring Expenses and Asset Impairments

6 Months Ended

Jun. 30, 2015

Restructuring and Related Activities [Abstract]

Restructuring Expenses and Asset Impairments

In the second quarter, Grace incurred costs from restructuring actions as a result of changes in the business environment and its business structure, which are included in "other expense, net" in the Consolidated Statements of Operations. Grace incurred $4.4 million ($0.7 million in Catalysts Technologies,$3.0 million in Construction Products, $0.3 million in Materials Technologies, and $0.4 million in Corporate) of restructuring expenses during the second quarter, compared with $2.0 million during the prior-year quarter. These costs are not included in segment operating income. Substantially all costs related to the restructuring programs are expected to be paid by December 31, 2015.

In the 2014 second quarter, Grace incurred an asset impairment charge of $9.7 million. The impairment charge related to the concrete production management systems product that is part of the Construction Products operating segment.

Restructuring Expenses and Asset Impairments (In millions)	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Restructuring expenses	$	4.4	$	2.0	$	13.9	$	2.7
Asset impairments	—		9.7		—		9.7
Total restructuring expenses and asset impairments	$	4.4	$	11.7	$	13.9	$	12.4

Restructuring Liability (In millions)	Total
Balance, December 31, 2014	$	4.5
Accruals for severance and other costs	13.9
Payments	(8.5		)
Currency translation adjustments and other	0.2
Balance, June 30, 2015	$	10.1

Repositioning Expenses

Repositioning expenses of $13.4 million and $20.3 million for the second quarter and six months primarily related to Grace's planned separation into two independent companies as follows:

(In millions)	Three Months Ended June 30, 2015		Six Months Ended June 30, 2015
Professional fees	$	9.7	$	16.1
Employee-related costs	3.7		4.2
Total	$	13.4	$	20.3

Substantially all of these costs are expected to be settled in cash.