Restructuring and Severance (Notes)

6 Months Ended

May 31, 2014

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

The following table is a summary of restructuring and severance charges for the second quarters and first six months of 2014 and 2013, respectively:



	Three Months Ended May 31,				Six Months Ended May 31,
(Dollars in millions)	2014		2013		2014		2013
Severance Expense	$	.4	$	3.4	$	.6	$	3.6
Closure Costs	.1		1.2		.2		1.8
Total	$	.5	$	4.6	$	.8	$	5.4

During the first half of 2014, the Engineered Surfaces and Performance Chemicals segments each recognized restructuring and severance costs related to continuing operations of $0.4 million primarily relating to plant closure costs and workforce reduction actions. During the first half of 2013, the Engineered Surfaces segment recognized restructuring and severance costs related to its continuing operations of $3.8 million primarily relating to plant closure costs and workforce reduction actions at its Columbus, Mississippi facility and the Performance Chemicals segment recognized $1.6 million of severance costs.

The following table summarizes the Company’s liabilities related to restructuring and severance activities:



	November 30, 2013		2014				May 31, 2014
	November 30, 2013		Provision		Payments		May 31, 2014
	(Dollars in millions)
Performance Chemicals	$	—	$	.4	$	.4	$	—
Engineered Surfaces	.3		.4		.5		.2
Corporate	—		—		—		—
Total	$	.3	$	.8	$	.9	$	.2

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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