XML 45 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Restructuring Expenses and Repositioning Expenses
 6 Months Ended
Jun. 30, 2016
Restructuring and Related Activities [Abstract]  
Restructuring Expenses and Repositioning Expenses
Restructuring Expenses    In the 2016 second quarter, Grace incurred costs from restructuring actions, primarily related to workforce reductions and asset impairments due to the exit of certain non-strategic product lines in Materials Technologies, which are included in "other expense (income), net" in the Consolidated Statements of Operations. Grace incurred $7.9 million ($0.6 million in Catalysts Technologies and $7.3 million in Materials Technologies) of restructuring expenses during the second quarter, compared with $1.1 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, 2016.
Restructuring Expenses
(In millions)
Three Months Ended June 30,
 
Six Months Ended June 30,
2016
 
2015
2016

2015
Restructuring expenses
$
7.9

 
$
1.1

 
$
16.4


$
6.3

Total restructuring expenses
$
7.9

 
$
1.1

 
$
16.4

 
$
6.3

Restructuring Liability
(In millions)
Total
Balance, December 31, 2015
$
7.6

Accruals for severance and other costs
10.9

Payments
(10.7
)
Currency translation adjustments and other
0.1

Balance, June 30, 2016
$
7.9


Repositioning Expenses    Pretax repositioning expenses included in continuing operations for the three and six months ended June 30, 2016 were $1.5 million and $6.6 million, respectively, compared with $3.1 million and $3.4 million for the corresponding prior-year periods. These expenses primarily related to the Separation. In 2016, Grace exited certain non-strategic product lines in Materials Technologies and incurred a charge of $0.7 million related to workforce reductions. Substantially all of these costs have been or are expected to be settled in cash.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions)
2016
 
2015
 
2016
 
2015
Employee-related costs
$
1.5

 
$
3.1

 
$
6.6

 
$
3.4

Total
$
1.5

 
$
3.1

 
$
6.6

 
$
3.4