XML 51 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring (Tables)
6 Months Ended
Jun. 28, 2014
Restructuring Related Costs
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    
 
Six months ended
In millions
June 28,
2014
June 29,
2013
 
June 28,
2014
June 29,
2013
Severance and related costs
$
22.4

$
19.8

 
$
40.8

$
39.8

Other
15.0

6.9

 
19.8

8.5

Total restructuring costs
$
37.4

$
26.7

 
$
60.6

$
48.3

Restructuring Costs By Segment [Table Text Block]
Restructuring costs by reportable segment for the three and six months ended June 28, 2014 and June 29, 2013 are as follows:
 
Three months ended
 
Six months ended
In millions
June 28,
2014
June 29,
2013
 
June 28,
2014
June 29,
2013
Valves & Controls
$
17.9

$
13.5

 
$
27.7

$
18.2

Process Technologies
6.9

2.5

 
9.5

4.1

Flow Technologies
9.4

4.1

 
17.6

9.1

Technical Solutions
3.2

4.8

 
5.8

15.1

Other

1.8

 

1.8

Consolidated
$
37.4

$
26.7

 
$
60.6

$
48.3

Restructuring Accrual Activity Recorded on Consolidated Balance Sheets
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 six months ended June 28, 2014: 
In millions
June 28,
2014
Beginning balance
$
78.6

Costs incurred
40.8

Cash payments and other
(28.1
)
Ending balance
$
91.3