RESTRUCTURING

During the third quarter of 2015, the Company approved a plan to implement a business productivity program referred to as “Fuel for Growth.” Fuel for Growth, expected to be implemented over a three-year period, is designed to improve operating efficiencies and reduce costs. Fuel for Growth is expected to improve profitability and create additional investments behind brand building and growth initiatives. Fuel for Growth focuses on the optimization of resources within various support functions, integration activities within the supply chain network, and certain third party discretionary costs across the business. In 2015, approximately 150 positions were eliminated as a result of Fuel for Growth.

A summary of restructuring charges and related reserves associated with Fuel for Growth at December 31, 2015 is as follows:



Restructuring Charges	Year Ended December 31,
(Dollars in millions)	2015
Cost of Sales
Contract Termination	$	10.3
Selling, General and Administrative
Other Exit Costs	0.4
Other (Income)/Expenses
Severance and Employee Benefits	13.7
Asset Write-off	0.7
	$	25.1



Restructuring Reserves	December 31, 2015
(Dollars in millions)	Charges		Cash Payments			Accrued Balance
Severance and Employee Benefits	$	13.7	$	(4.2	)	$	9.5
Contract Termination	10.3		—			10.3
Other Exit Costs	0.4		(0.4		)	—
	$	24.4	$	(4.6	)	$	19.8

Restructuring charges are included in “Corporate and Other,” and the remainder of severance pay and benefits will be paid out in 2016. The contract termination costs will be paid over the next three years, starting in 2016.