RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS

6 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

The table below summarizes the restructuring costs presented within general and administrative expenses in our Consolidated Condensed Income Statements for the three and six months ended June 30, 2014 and 2013.



	Three Months				Six Months
For the Periods Ended June 30	2014		2013		2014		2013
Severance costs	$	1.3	$	3.3	$	16.6	$	8.7
Asset write-offs	1.3		—		1.3		—
Other restructuring costs	1.2		0.1		1.2		0.2
Total restructuring costs	$	3.8	$	3.4	$	19.1	$	8.9
By segment:
Industrial Process	$	2.0	$	0.2	$	2.9	$	0.6
Motion Technologies	0.2		2.1		0.2		2.5
Interconnect Solutions	1.6		1.0		16.0		5.4
Control Technologies	—		—		—		—
Corporate and Other	—		0.1		—		0.4

The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Condensed Balance Sheet within accrued liabilities, for the six months ended June 30, 2014 and 2013.



For the Six Months Ended June 30	2014			2013
Restructuring accruals - 1/1	$	14.7		$	7.8
Restructuring costs	19.1			8.9
Cash payments	(9.2		)	(10.0		)
Asset write-offs	(1.3		)	—
Foreign exchange translation and other	—			—
Restructuring accrual - 6/30	$	23.3		$	6.7
By accrual type:
Severance accrual	$	21.0		$	6.6
Facility carrying and other costs accrual	2.3			0.1

Interconnect Solutions Turnaround Activities

In 2013, we initiated a comprehensive restructuring plan to improve the overall cost structure of our Interconnect Solutions (ICS) segment. The costs incurred during the six months ended June 30, 2014 of $16.0, primarily relate to employee severance for approximately 250 planned headcount reductions, associated with an action to move certain production lines from one location to another existing lower cost manufacturing site. The costs incurred during the six months ended June 30, 2013 of $5.4 primarily related to employee severance for 72 headcount reductions across our global operating locations. To date, we have incurred $34.1 under the ICS turnaround plan spanning the past 18 months, and related to these previously announced actions, we expect to incur further restructuring costs of approximately $2.0 over the next nine months. The following table provides a rollforward of the restructuring accrual associated with the ICS turnaround activities.



For the Six Months Ended June 30	2014
Restructuring accruals - 1/1	$	8.0
Restructuring costs	16.0
Cash payments	(6.1		)
Asset write-offs	(1.3		)
Restructuring accruals - 6/30	$	16.6

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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