<?xml version="1.0"?>
<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><infoTable><nameOfIssuer>3M CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>88579Y101</cusip><value>2875</value><shrsOrPrnAmt><sshPrnamt>13810</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13810</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ABBOTT LABS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>002824100</cusip><value>59544</value><shrsOrPrnAmt><sshPrnamt>1224931</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1224931</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ABBVIE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00287Y109</cusip><value>1106</value><shrsOrPrnAmt><sshPrnamt>15250</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15250</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AECOM</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00766T100</cusip><value>45530</value><shrsOrPrnAmt><sshPrnamt>1408302</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1408302</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AETNA INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00817Y108</cusip><value>1843</value><shrsOrPrnAmt><sshPrnamt>12140</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12140</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALLY FINL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>02005N100</cusip><value>37810</value><shrsOrPrnAmt><sshPrnamt>1809078</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1809078</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERICAN INTL GROUP INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>026874784</cusip><value>48637</value><shrsOrPrnAmt><sshPrnamt>777946</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>777946</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERIPRISE FINL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03076C106</cusip><value>382</value><shrsOrPrnAmt><sshPrnamt>3000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>3000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AMERISOURCEBERGEN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03073E105</cusip><value>36673</value><shrsOrPrnAmt><sshPrnamt>387949</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>387949</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ANTERO RES CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>03674X106</cusip><value>24328</value><shrsOrPrnAmt><sshPrnamt>1125789</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1125789</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AVON PRODS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>054303102</cusip><value>15417</value><shrsOrPrnAmt><sshPrnamt>4057063</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4057063</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BAKER HUGHES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>057224107</cusip><value>42317</value><shrsOrPrnAmt><sshPrnamt>776323</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>776323</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BANK AMER CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>060505104</cusip><value>45895</value><shrsOrPrnAmt><sshPrnamt>1891802</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1891802</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BRISTOL MYERS SQUIBB CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>110122108</cusip><value>1368</value><shrsOrPrnAmt><sshPrnamt>24550</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>24550</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHEVRON CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>166764100</cusip><value>37510</value><shrsOrPrnAmt><sshPrnamt>359533</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>359533</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CISCO SYS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>17275R102</cusip><value>708</value><shrsOrPrnAmt><sshPrnamt>22635</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22635</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CITIGROUP INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>172967424</cusip><value>58090</value><shrsOrPrnAmt><sshPrnamt>868564</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>868564</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COACH INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>189754104</cusip><value>42316</value><shrsOrPrnAmt><sshPrnamt>893866</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>893866</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COMMSCOPE HLDG CO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>20337X109</cusip><value>631</value><shrsOrPrnAmt><sshPrnamt>16600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16600</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CSRA INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>12650T104</cusip><value>397</value><shrsOrPrnAmt><sshPrnamt>12500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DEVON ENERGY CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>25179M103</cusip><value>11459</value><shrsOrPrnAmt><sshPrnamt>358438</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>358438</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DUN &amp; BRADSTREET CORP DEL NE</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>26483E100</cusip><value>15699</value><shrsOrPrnAmt><sshPrnamt>145155</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>145155</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DXC TECHNOLOGY CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>23355L106</cusip><value>1729</value><shrsOrPrnAmt><sshPrnamt>22531</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>22531</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>E TRADE FINANCIAL CORP</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>269246401</cusip><value>418</value><shrsOrPrnAmt><sshPrnamt>11000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EMERSON ELEC CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>291011104</cusip><value>1127</value><shrsOrPrnAmt><sshPrnamt>18895</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>18895</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EQT CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>26884L109</cusip><value>867</value><shrsOrPrnAmt><sshPrnamt>14800</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14800</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>30231G102</cusip><value>381</value><shrsOrPrnAmt><sshPrnamt>4720</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4720</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIDELITY NATIONAL FINANCIAL</nameOfIssuer><titleOfClass>FNF GROUP COM</titleOfClass><cusip>31620R303</cusip><value>426</value><shrsOrPrnAmt><sshPrnamt>9500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>9500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer><titleOfClass>CL B</titleOfClass><cusip>35671D857</cusip><value>25515</value><shrsOrPrnAmt><sshPrnamt>2124503</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>2124503</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GENERAL ELECTRIC CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>369604103</cusip><value>310</value><shrsOrPrnAmt><sshPrnamt>11480</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>11480</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>GLAXOSMITHKLINE PLC</nameOfIssuer><titleOfClass>SPONSORED ADR</titleOfClass><cusip>37733W105</cusip><value>358</value><shrsOrPrnAmt><sshPrnamt>8306</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8306</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HALLIBURTON CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>406216101</cusip><value>265</value><shrsOrPrnAmt><sshPrnamt>6200</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6200</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>HEWLETT PACKARD ENTERPRISE C</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>42824C109</cusip><value>46082</value><shrsOrPrnAmt><sshPrnamt>2777681</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>2777681</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>459200101</cusip><value>27125</value><shrsOrPrnAmt><sshPrnamt>176329</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>176329</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>478160104</cusip><value>2204</value><shrsOrPrnAmt><sshPrnamt>16657</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>16657</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JOHNSON CTLS INTL PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G51502105</cusip><value>32640</value><shrsOrPrnAmt><sshPrnamt>752759</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>752759</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KANSAS CITY SOUTHERN</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>485170302</cusip><value>471</value><shrsOrPrnAmt><sshPrnamt>4500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>4500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KEYSIGHT TECHNOLOGIES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>49338L103</cusip><value>621</value><shrsOrPrnAmt><sshPrnamt>15950</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15950</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LAS VEGAS SANDS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>517834107</cusip><value>2344</value><shrsOrPrnAmt><sshPrnamt>36695</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>36695</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LILLY ELI &amp; CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>532457108</cusip><value>28940</value><shrsOrPrnAmt><sshPrnamt>351640</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>351640</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LINCOLN NATL CORP IND</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>534187109</cusip><value>56248</value><shrsOrPrnAmt><sshPrnamt>832313</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>832313</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MATTEL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>577081102</cusip><value>29610</value><shrsOrPrnAmt><sshPrnamt>1375296</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>1375296</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MEDNAX INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>58502B106</cusip><value>344</value><shrsOrPrnAmt><sshPrnamt>5700</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>5700</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>58933Y105</cusip><value>859</value><shrsOrPrnAmt><sshPrnamt>13400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>13400</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>METLIFE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>59156R108</cusip><value>54241</value><shrsOrPrnAmt><sshPrnamt>987273</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>987273</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MICROSOFT CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>594918104</cusip><value>16710</value><shrsOrPrnAmt><sshPrnamt>242423</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>242423</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MOTOROLA SOLUTIONS INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>620076307</cusip><value>658</value><shrsOrPrnAmt><sshPrnamt>7590</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7590</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MSC INDL DIRECT INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>553530106</cusip><value>48863</value><shrsOrPrnAmt><sshPrnamt>568435</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>568435</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NN INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>629337106</cusip><value>931</value><shrsOrPrnAmt><sshPrnamt>33929</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>33929</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ORACLE CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>68389X105</cusip><value>443</value><shrsOrPrnAmt><sshPrnamt>8837</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>8837</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PARTY CITY HOLDCO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>702149105</cusip><value>765</value><shrsOrPrnAmt><sshPrnamt>48850</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>48850</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PEPSICO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>713448108</cusip><value>896</value><shrsOrPrnAmt><sshPrnamt>7760</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>7760</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PERRIGO CO PLC</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G97822103</cusip><value>1117</value><shrsOrPrnAmt><sshPrnamt>14790</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>14790</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PLAINS GP HLDGS L P</nameOfIssuer><titleOfClass>LTD PARTNR INT A</titleOfClass><cusip>72651A207</cusip><value>856</value><shrsOrPrnAmt><sshPrnamt>32725</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>32725</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PROCTER AND GAMBLE CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>742718109</cusip><value>2552</value><shrsOrPrnAmt><sshPrnamt>29279</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>29279</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RALPH LAUREN CORP</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>751212101</cusip><value>15817</value><shrsOrPrnAmt><sshPrnamt>214329</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>214329</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RELIANCE STEEL &amp; ALUMINUM CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>759509102</cusip><value>47736</value><shrsOrPrnAmt><sshPrnamt>655628</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>655628</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SIGNET JEWELERS LIMITED</nameOfIssuer><titleOfClass>SHS</titleOfClass><cusip>G81276100</cusip><value>50847</value><shrsOrPrnAmt><sshPrnamt>804036</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>804036</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer><titleOfClass>TR UNIT</titleOfClass><cusip>78462F103</cusip><value>502</value><shrsOrPrnAmt><sshPrnamt>2078</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>2078</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SVB FINL GROUP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>78486Q101</cusip><value>2805</value><shrsOrPrnAmt><sshPrnamt>15957</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>15957</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TE CONNECTIVITY LTD</nameOfIssuer><titleOfClass>REG SHS</titleOfClass><cusip>H84989104</cusip><value>44355</value><shrsOrPrnAmt><sshPrnamt>563735</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>563735</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VOYA FINL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>929089100</cusip><value>463</value><shrsOrPrnAmt><sshPrnamt>12550</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>12550</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WEATHERFORD INTL PLC</nameOfIssuer><titleOfClass>ORD SHS</titleOfClass><cusip>G48833100</cusip><value>21119</value><shrsOrPrnAmt><sshPrnamt>5457191</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>5457191</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ZIMMER BIOMET HLDGS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>98956P102</cusip><value>62611</value><shrsOrPrnAmt><sshPrnamt>487624</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>487624</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable></informationTable>
