Restructuring and Severance

12 Months Ended

Nov. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Severance

Restructuring and Severance

The following table is a summary of restructuring and severance charges for 2016, 2015, and 2014:

	2016		2015		2014
	(Dollars in millions)
Severance expense	$	8.4	$	5.9	$	.8
Closure costs	2.7		—		.1
Total	$	11.1	$	5.9	$	.9

During 2016, the Engineered Surfaces segment recognized restructuring and severance costs of $0.6 million, and $0.1 million related to closure costs, the Performance Chemicals segment recognized restructuring and severance costs of $2.9 million, and closure costs of $2.6 million, primarily related to facility closure actions and Corporate recognized severance costs of $4.9 million primarily related to the resignation of the Company's former CEO pursuant to an agreement with the Company in November 2016.

During 2015, the Engineered Surfaces segment recognized restructuring and severance costs of $1.5 million primarily related to workforce reductions and closure costs, the Performance Chemicals segment recognized $4.3 million of severance costs related to workforce reductions, and Corporate recognized $0.1 million of severance costs related to workforce reductions. All costs were paid by the end of the third quarter of 2016.

During 2014, the Engineered Surfaces segment recognized restructuring and severance costs related to its continuing operations of $0.4 million primarily related to workforce reductions and plant closure costs and the Performance Chemicals segment recognized $0.5 million of severance costs related to workforce reductions. All of the costs were paid during 2014.

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

	November 30,		2016				November 30,
	2015		Provision		Payments		2016
	(Dollars in millions)
Performance Chemicals	$	1.4	$	5.5	$	6.5	$	.4
Engineered Surfaces	.8		.7		1.5		—
Corporate	.1		4.9		1.2		3.8
Total	$	2.3	$	11.1	$	9.2	$	4.2