Restructuring Expenses and Related Asset Impairments

3 Months Ended

Mar. 31, 2012

Restructuring Expenses and Related Asset Impairments

Restructuring Expenses and Related Asset Impairments

11. Restructuring Expenses and Related Asset Impairments

        In the first quarter of 2012, Grace took cost reduction and restructuring actions as a result of the realignment of the businesses and corporate structure. Grace incurred $3.0 million ($0.7 million in Construction Products, $0.5 million in Materials Technologies, $0.3 million in Catalysts Technologies and $1.5 million in Corporate) of restructuring expenses and related asset impairments during the first quarter of 2012, compared to $0.2 million during the first quarter of 2011. Substantially all costs related to the restructuring programs are expected to be paid by December 31, 2012.

	Three Months Ended March 31,
Restructuring Expenses and Related Asset Impairments (In millions)	2012		2011
Severance and other employee related costs	$	2.9	$	0.2
Asset impairments and other restructuring costs		0.1		—
Total restructuring expenses and related asset impairments	$	3.0	$	0.2

Restructuring Liability (In millions)	Total
Balance at December 31, 2011	$	5.9
Accruals for severance and other employee related costs		2.9
Payments		(2.2	)
Currency translation adjustments and other		—
Balance at March 31, 2012	$	6.6