RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

RESTRUCTURING ACTIONS

RESTRUCTURING ACTIONS

During 2013, we have taken various strategic restructuring actions including reduction in force initiatives, geographic sales presence realignment, and the exit of a non-core construction pump business. We also undertook various restructuring actions during 2012 primarily focused on reducing operating costs through reduction in force initiatives. Headcount reductions associated with these actions during the three months ended September 30, 2013 and 2012 were 9 and 59, respectively, and reductions for the nine month periods of 2013 and 2012 were 98 and 79, respectively.

The table below summarizes the presentation of restructuring costs within general and administrative expenses in our Consolidated Condensed Income Statements for the three and nine month periods ended September 30, 2013 and 2012.

	Three Months				Nine Months
For the Periods Ended September 30	2013		2012		2013		2012
Severance costs	$	1.2	$	3.6	$	9.9	$	4.5
Other restructuring costs	0.5		1.0		0.7		1.6
Total restructuring costs	$	1.7	$	4.6	$	10.6	$	6.1
By segment:
Industrial Process	$	0.4	$	—	$	1.1	$	0.1
Motion Technologies	0.6		1.9		3.1		1.9
Interconnect Solutions	0.6		1.6		6.0		2.0
Control Technologies	—		—		—		0.8
Corporate and Other	0.1		1.0		0.4		1.3

We expect that our current restructuring actions will be completed during 2014. The table below summarizes the estimated additional restructuring costs to be incurred related to these actions.

Industrial Process	$	4.0
Motion Technologies	2.0
Interconnect Solutions	11.0
Total	$	17.0