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Restructuring Actions
 12 Months Ended
Dec. 31, 2016
Restructuring and Related Activities [Abstract]  
Restructuring Actions RESTRUCTURING ACTIONS
We have initiated various restructuring actions throughout the business during the past three years. Discussion of certain individually significant actions is provided below. Other less significant restructuring actions initiated in the past three years include various reduction in force initiatives and the relocation of certain manufacturing facilities. Restructuring costs are included as a component of general and administrative expense in our Consolidated Statements of Operations. Restructuring costs incurred during each of the previous three years ended are presented in the table below.

2016

 
2015

 
2014

By component:





Severance costs
$
24.3


$
21.7


$
23.2

Asset write-offs
0.7

 
1.0

 
1.5

Other restructuring costs
1.3


1.3


3.4

Total restructuring costs
$
26.3


$
24.0


$
28.1

By segment:





Industrial Process
$
20.5


$
12.2


$
4.2

Motion Technologies
2.5


—


2.1

Interconnect Solutions
0.1


6.3


20.5

Control Technologies
1.4


5.3


—

Corporate and Other
1.8


0.2


1.3


The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Balance Sheet within accrued liabilities, for each of the previous two years ended December 31st.

2016

 
2015

Restructuring accruals - beginning balance
$
20.0


$
21.9

Restructuring costs
26.3


24.0

Cash payments
(30.3
)

(24.4
)
Asset write-offs
(0.7
)

(1.0
)
Foreign exchange translation and other
(0.7
)

(0.5
)
Restructuring accrual - ending balance
$
14.6


$
20.0

By accrual type:



Severance accrual
$
14.3


$
19.6

Facility carrying and other costs accrual
0.3


0.4


Industrial Process Restructuring Actions
Since early 2015, we have been executing a series of restructuring actions focused on achieving efficiencies and reducing the overall cost structure of the Industrial Process segment. During 2016, we continued to pursue these objectives and we recognized $20.5 of restructuring costs primarily related to severance for approximately 370 employees. During 2015, we recognized restructuring costs of $12.2 for these actions. Total restructuring costs under these actions through December 31, 2016 are $32.7 mainly related to severance for approximately 570 employees. Cash payments related to these actions are expected to be substantially complete in 2018. We will continue to monitor and evaluate the need for any additional restructuring actions.
 
2016
 
2015
Restructuring accruals - beginning balance
$
4.9

 
$
—

Restructuring costs
20.5

 
12.2

Cash payments
(18.0
)
 
(6.1
)
Asset write-offs
(0.5
)
 
(1.0
)
Foreign exchange translation
(0.4
)
 
(0.2
)
Restructuring accruals - ending balance
$
6.5

 
$
4.9


Interconnect Solutions Restructuring Actions
Beginning in 2013, we initiated a series of restructuring actions to improve the overall cost structure of our ICS segment. These actions included headcount reductions of approximately 500 employees and the transition of certain production lines from one location to an existing lower cost manufacturing site. Payments related to these actions were completed in 2016.
In May 2015, we initiated a separate restructuring action designed to further reduce the cost structure of the ICS segment primarily through additional headcount reductions of approximately 100 employees, for which the Company recognized costs of $6.5 during 2015. Payments related to the remaining accrual for this action are expected to be completed in 2017.
The following table provides a rollforward of the restructuring accrual associated with the Interconnect Solutions turnaround activities.
 
2016

 
2015

Restructuring accruals - beginning balance
$
9.4

 
$
17.1

Restructuring costs
0.1

 
6.3

Cash payments
(8.2
)
 
(13.8
)
Asset Write-Offs
—

 
—

Foreign exchange translation
(0.2
)
 
(0.2
)
Restructuring accruals - ending balance
$
1.1

 
$
9.4