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Other Charges, net (Tables)
6 Months Ended
Jun. 30, 2015
Other Charges, net  
Components of Other Charges, net

 

The components of Other Charges, net were as follows (in millions):

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Information technology transformation costs

 

$

1.9

 

$

0.7

 

$

3.6

 

$

1.3

 

Restructuring charges

 

1.0

 

4.0

 

2.3

 

4.2

 

Pension settlement charge

 

 

 

10.2

 

 

Professional fees incurred in connection with internal investigation

 

 

0.6

 

 

2.8

 

Acquisition-related charges (benefits)

 

(2.9

)

0.3

 

(2.9

)

0.9

 

Long-lived asset impairments

 

1.8

 

 

1.8

 

 

 

 

 

 

 

 

 

 

 

 

Other Charges, net

 

$

1.8

 

$

5.6

 

$

15.0

 

$

9.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of changes in the restructuring reserves

 

The following table sets forth the changes in restructuring reserves for the six months ended June 30, 2015 (in millions):

 

 

 

Total

 

Severance

 

Exit Costs

 

Provisions
for Excess
Inventory

 

Balance at December 31, 2014

 

$

16.1

 

$

7.1

 

$

1.3

 

$

7.7

 

Restructuring charges

 

8.5

 

4.1

 

2.4

 

2.0

 

Cash payments

 

(11.1

)

(7.4

)

(2.7

)

(1.0

)

Other, non-cash adjustments and foreign currency effect

 

0.2

 

(0.5

)

(0.1

)

0.8

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2015

 

$

13.7

 

3.3

 

$

0.9

 

$

9.5