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RESTRUCTURING AND OTHER SEVERANCE COSTS: (Tables)
3 Months Ended
Mar. 31, 2013
RESTRUCTURING AND OTHER SEVERANCE COSTS:  
Schedule of restructuring and other severance costs

 

 

 

Three months ended

 

 

 

March 31,

 

($ in millions)

 

2013

 

2012

 

Severance/Relocation

 

$

1.2

 

$

0.6

 

Facility/entity closure and other

 

4.5

 

1.3

 

Asset write-downs

 

—

 

11.3

 

Restructuring charge

 

5.7

 

13.2

 

Other severance costs

 

1.4

 

1.0

 

Total

 

$

7.1

 

$

14.2

 

Schedule of selected information for outstanding liabilities from recent restructuring actions

 

 

 

 

 

Facility/Entity

 

 

 

 

 

Severance/

 

Closure

 

 

 

($ in millions)

 

Relocation

 

and Other

 

Total

 

Liability balance, December 31, 2012

 

$

9.8

 

$

1.9

 

$

11.7

 

Restructuring charge in 2013

 

1.2

 

4.5

 

5.7

 

Utilized

 

(2.9

)

(1.2

)

(4.1

)

Foreign exchange and other

 

(0.2

)

(0.1

)

(0.3

)

Liability balance, March 31, 2013

 

$

7.9

 

$

5.1

 

$

13.0

Schedule of total charges for open restructuring actions and the future costs

 

 

 

 

 

Surface

 

Performance

 

 

 

($ in millions)

 

Lithium

 

Treatment

 

Additives

 

Total

 

Severance/Relocation

 

 

 

 

 

 

 

 

 

Total charges

 

$

3.8

 

$

4.7

 

$

3.7

 

$

12.2

 

Incurred to date

 

(3.6

)

(4.4

)

(3.1

)

(11.1

)

Expected future costs

 

$

0.2

 

$

0.3

 

$

0.6

 

$

1.1

 

Facility/Entity Closure

 

 

 

 

 

 

 

 

 

Total charges (a)

 

$

31.6

 

$

7.4

 

$

5.9

 

$

44.9

 

Incurred to date (a)

 

(30.1

)

(5.7

)

(1.7

)

(37.5

)

Expected future costs

 

$

1.5

 

$

1.7

 

$

4.2

 

$

7.4

 

 

 

(a)               Includes $10.3 million related to write-off of a trade name in the Lithium segment in connection with the reorganization of the Specialty Chemicals segment into two reportable segments and a write-down of $12.0 million of machinery and equipment related to the closure of a Lithium manufacturing facility in the U.S.