RESTRUCTURING (Notes)

12 Months Ended

Dec. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

6. RESTRUCTURING

During the third quarter of 2015, the Company approved a plan to implement a business productivity program referred to as “Fuel for Growth,” which is expected to be implemented over a three-year period. Fuel for Growth 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 operating functions and certain third-party costs across the business.

A summary of restructuring charges and related reserves associated with Fuel for Growth is as follows:



Restructuring Charges	Year ended December 31,
(Dollars in millions)	2016		2015
Cost of Sales
Contract Termination	$	—	$	10.3
Selling, General and Administrative
Other Costs	—		0.4
Other (Income)/Expenses
Severance and Employee Benefits	21.9		13.7
Asset Write-off	2.2		0.7
Other Costs	5.1		—
	$	29.2	$	25.1



Restructuring Reserves
(Dollars in millions)	Severance and Employee Benefits ⁽¹⁾			Contract Termination ⁽²⁾		Other Costs ⁽³⁾
Balance as of January 1, 2015	$	—		$	—	$	—
Charges	13.7			10.3		0.4
Cash Payments	(4.2		)	—		(0.4		)
Balance as of December 31, 2015	9.5			10.3		—
Charges	21.9			—		5.1
Cash Payments	(17.2		)	—		(2.1		)
Balance as of December 31, 2016	$	14.2		$	10.3	$	3.0

⁽¹⁾Included in accrued expenses on the balance sheet.

⁽²⁾Included in accrued expenses and other liabilities on the balance sheet.

⁽³⁾Included in accounts payable on the balance sheet.

Restructuring charges are included in Corporate and Other. Reserves related to severance and employee benefits and other costs will be paid out during the next twelve months. The contract termination costs will be paid over a period from 2017 to 2019.