OTHER (INCOME)/EXPENSES-NET

3 Months Ended

Mar. 31, 2017

Other Income and Expenses [Abstract]

OTHER (INCOME)/EXPENSES-NET

OTHER (INCOME)/EXPENSES - NET

The components of other (income)/expenses - net were:

	Three Months Ended March 31,
(Dollars in millions)	2017			2016
Restructuring, severance and other related costs—net	$	9.9		$	9.3
Merger related costs	6.8			—
Administrative office relocation	4.8			—
Foreign exchange (gains)/losses—net	1.9			33.7
Venezuela long-lived asset impairments	—			45.9
Legal, settlements and other—net	(0.6		)	(0.6		)
Other (income)/expenses—net	$	22.8		$	88.3

During the three months ended March 31,2017 and 2016, restructuring, severance and other related costs—net included $9.9 million and $9.1 million, respectively, of restructuring costs associated with the Fuel for Growth program. See “—Note 6. Restructuring” for additional information.

Merger related costs for the three months ended March 31,2017 included costs incurred by the Company associated with the proposed merger with Reckitt Benckiser. See “—Note 19. Mergers and Acquisitions” for additional information.

During the three months ended March 31,2017, administrative office relocation included costs associated with moving the Company’s administrative offices in the U.S., including contract termination fees.

Foreign exchange (gains)/losses—net includes the re-measurement of U.S. dollar denominated intercompany loans, payables, and royalties for the three months ended March 31,2017 and 2016, as well as foreign currency devaluation recognized in the Company’s Venezuelan subsidiary of $32.3 million for the three months ended March 31,2016. See “—Note 17. Venezuela Matters” for additional information.

During the three months ended March 31,2016, the Company recognized impairment charges of $45.9 million on long-lived assets of its Venezuelan subsidiary. See “—Note 17. Venezuela Matters” for additional information.