Restructuring Costs

6 Months Ended

Jun. 30, 2015

Restructuring and Related Activities [Abstract]

In the first six months of 2015, we incurred costs for restructuring actions initiated in 2015 as well as costs involving restructuring actions initiated in the prior year. Our restructuring actions are associated with cost reduction efforts that include the consolidation of manufacturing and distribution facilities as well as workforce reductions.

Pre-tax restructuring costs incurred in each of our segments and the location of the costs in the Condensed Consolidated Statement of Income for the three and six months ended June 30, 2015 is as follows (in millions):



Three Months Ended June 30, 2015	Cost of goods sold		Selling & administrative expense		Total
Electrical Segment	$	5.4	$	3.0	$	8.4
Power Segment	—		0.5		0.5
Total Pre Tax Restructuring Costs	$	5.4	$	3.5	$	8.9



Six Months Ended June 30, 2015	Cost of goods sold		Selling & administrative expense		Total
Electrical Segment	$	7.3	$	3.1	$	10.4
Power Segment	0.7		0.5		1.2
Total Pre Tax Restructuring Costs	$	8.0	$	3.6	$	11.6

The following table summarizes the accrued liabilities for our restructuring actions (in millions):



	Beginning Accrued Restructuring Balance 1/1/15		Pre-tax Restructuring Costs			Utilization and Foreign Exchange			Ending Accrued Restructuring Balance 6/30/15
Current Year Restructuring Actions
Severance	$	—	$	6.2		$	(1.8	)	$	4.4
Asset write-downs	—		0.9			(0.9		)	—
Facility closure and other costs	—		0.3			(0.3		)	—
Total Current Year Restructuring Actions	$	—	$	7.4		$	(3.0	)	$	4.4
Prior Year Restructuring Actions
Severance	$	2.8	$	(0.1	)	$	(2.2	)	$	0.5
Asset write-downs	—		0.2			(0.2		)	—
Facility closure and other costs	0.9		4.1			(4.3		)	0.7
Total Prior Year Restructuring Actions	$	3.7	$	4.2		$	(6.7	)	$	1.2
Total Restructuring Actions	$	3.7	$	11.6		$	(9.7	)	$	5.6

The actual and expected costs for our restructuring actions are as follows (in millions):



	Expected Costs		Costs incurred in the fourth quarter of 2014		Costs incurred in first six months of 2015		Remaining costs at 6/30/15
Current Year Restructuring Actions
Electrical Segment	$	8.7	$	—	$	6.2	$	2.5
Power Segment	1.9		—		1.2		0.7
Total Current Year Restructuring Actions	10.6		—		7.4		3.2
Prior Year Restructuring Actions
Electrical Segment	9.8		5.5		4.2		0.1
Power Segment	—		—		—		—
Total Prior Year Restructuring Actions	9.8		5.5		4.2		0.1
Total Restructuring Actions	$	20.4	$	5.5	$	11.6	$	3.3