RESTRUCTURING

Restructuring costs primarily consist of employee separation benefits under our existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs, asset impairment charges and other costs that are associated with restructuring actions. Certain restructuring charges are accrued prior to payments made in accordance with applicable guidance. For such charges, the amounts are determined based on estimates prepared at the time the restructuring actions were approved by management.

In the first quarter of 2014, we implemented a plan to optimize the overall JBT cost structure on a global basis. The initiatives under this plan include streamlining operations, consolidating certain facilities and enhancing our general and administrative infrastructure. We released $0.3 million and $0.1 million of the liability during the first quarter and second quarter of 2016, respectively, which we no longer expect to pay in connection with this plan. Remaining payments required under this plan are expected to be paid during 2016.

In the first quarter of 2016, we implemented our optimization program to realign FoodTech’s Protein business in North America and Liquid Foods business in Europe, accelerate JBT’s strategic sourcing initiatives, and consolidate smaller facilities. The total estimated cost in connection with this plan is in the range of $11 million to $13 million with $7.5 million recorded in the first quarter and $2.0 million recorded in the second quarter of 2016, respectively. We anticipate incurring an additional $1 million to $2 million by the end of 2016. All payments required under this plan are expected to be made during 2016 and 2017.

Additional information regarding the restructuring activities is presented in the tables below:



	Charges Incurred During the				Charges Incurred During the
	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2016		2015		2016		2015
Severance and related expense	$	—	$	—	$	5.9	$	—
Asset impairment	—		—		0.1		—
Other	1.9		—		3.1		—
Total restructuring charges	$	1.9	$	—	$	9.1	$	—

The restructuring charges are associated with the FoodTech segment, and are excluded from our calculation of segment operating profit. Charges incurred during the three months ended June 30, 2016 primarily relate to third party consulting services, relocation expenses and other operating costs incurred as a direct result of our plan.

Liability balances for restructuring activities are included in other current liabilities in the accompanying condensed consolidated balance sheets. The table below details the activities in 2016:



(In millions)	Balance as of December 31, 2015		Charged to Earnings		Payments Made/Charges Applied			Foreign Exchange Translation		Balance as of June 30, 2016
Severance and related expense	$	2.6	$	5.9	$	(1.3	)	$	—	$	7.2
Asset impairment	—		0.1		—			—		0.1
Other	—		3.1		(2.8		)	—		0.3
Total	$	2.6	$	9.1	$	(4.1	)	$	—	$	7.6