Restructuring

During the nine months ended September 28, 2013 and the year ended December 31, 2012, we initiated certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. The 2013 initiatives included the reduction in hourly and salaried headcount of approximately 700 employees, consisting of approximately 200 in Water & Fluid Solutions, 200 in Valves & Controls and 300 in Technical Solutions. The 2012 initiatives included the reduction in hourly and salaried headcount of approximately 1,000 employees, consisting of approximately 500 in Water & Fluid Solutions, 300 in Valves & Controls and 200 in Technical Solutions.

Restructuring related costs included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) included costs for severance and other restructuring costs as follows:



	Three months ended				Nine months ended
In millions	September 28, 2013		September 29, 2012		September 28, 2013		September 29, 2012
Severance and related costs	$	0.8	$	0.8	$	40.6	$	10.5
Other	3.2		—		11.7		0.7
Total restructuring costs	$	4.0	$	0.8	$	52.3	$	11.2

Other restructuring costs primarily consist of asset impairment and various contract termination costs.

Total restructuring costs related to Water & Fluid Solutions, Valves & Controls and Technical Solutions were $3.0 million, $0.4 million and $0.6 million, respectively, for the three months ended September 28, 2013, and $16.7 million, $19.2 million and $16.4 million, respectively, for the nine months ended September 28, 2013.

Activity in the restructuring accrual recorded in Other current liabilities and Employee compensation and benefits in the Condensed Consolidated Balance Sheets is summarized as follows for the nine months ended September 28, 2013:



In millions	September 28, 2013
Beginning balance	$	59.6
Costs incurred	40.6
Cash payments and other	(57.1		)
Ending balance	$	43.1