XML 58 R22.htm IDEA: XBRL DOCUMENT

Restructuring And Other Charges

6 Months Ended

Jun. 30, 2011

15.

Restructuring and Other Charges

Pre-tax restructuring and other charges for the six and three months ended June 30, 2011 and 2010 are shown below.


(in millions)	Six Months Ended June 30, 2011
				Other Charges⁽¹⁾
	Restructuring Charges			Cost of Products Sold		ASG&A ⁽²⁾			Total Charges
Spirits	$	1.9		$	6.0	$	(0.5	)	$	7.4
Home & Security		0.7			0.3		—			1.0

	$	2.6		$	6.3	$	(0.5	)	$	8.4

(in millions)	Six Months Ended June 30, 2010
				Other Charges ⁽¹⁾
	Restructuring Charges			Cost of Products Sold		ASG&A ⁽²⁾			Total Charges
Spirits	$	(0.2	)	$	1.6	$	3.3		$	4.7
Home & Security		0.7			1.2		(0.4	)		1.5

	$	0.5		$	2.8	$	2.9		$	6.2


(in millions)	Three Months Ended June 30, 2011
(in millions)	Restructuring Charges			Other Charges⁽¹⁾					Total Charges
	Restructuring Charges			Cost of Products Sold		ASG&A ⁽²⁾			Total Charges
Spirits	$	(0.2	)	$	1.4	$	—		$	1.2
Home & Security		0.3			0.2		—			0.5

	$	0.1		$	1.6	$	—		$	1.7

(in millions)	Three Months Ended June 30, 2010
(in millions)	Restructuring Charges			Other Charges ⁽¹⁾					Total Charges
	Restructuring Charges			Cost of Products Sold		ASG&A ⁽²⁾			Total Charges
Spirits	$	(0.9	)	$	0.9	$	1.0		$	1.0
Home & Security		0.3			0.3		(0.4	)		0.2

	$	(0.6	)	$	1.2	$	0.6		$	1.2

⁽¹⁾

"Other Charges" represent charges directly related to restructuring initiatives that cannot be reported as restructuring under U.S. GAAP. Such costs may include losses on disposal of inventories, trade receivables allowances from exiting product lines and accelerated depreciation resulting from the closure of facilities.

⁽ ² ⁾

Advertising, selling, general and administrative expenses.

In the six and three months ended June 30, 2011, we recorded restructuring and other charges of $8.4 million and $1.7 million, respectively, related to distribution and supply-chain initiatives, primarily in the Spirits business. For the six and three months ended June 30, 2010, restructuring and other charges of $6.2 million and $1.2 million, respectively, related to previously announced projects in the Spirits and Home & Security businesses.

Reconciliation of Restructuring Liability


(in millions)	Balance at December 31, 2010			2011 Provision			Cash Expenditures			Non-Cash Changes			Balance at June 30, 2011
Workforce reductions	$	19.2		$	0.1		$	(7.3	)	$	(1.1	)	$	10.9
Asset write-downs		—			0.5			0.2			(0.7	)		—
Contract termination costs		(0.8	)		1.6			(4.0	)		3.4			0.2
Other		0.7			0.4			(0.7	)		(0.4	)		—

	$	19.1		$	2.6		$	(11.8	)	$	1.2		$	11.1

(in millions)	Balance at December 31, 2009			2010 Provision			Cash Expenditures			Non-Cash Changes			Balance at June 30, 2010
Workforce reductions	$	25.3		$	(0.7	)	$	(16.0	)	$	(0.2	)	$	8.4
Asset write-downs		—			(0.3	)		0.6			(0.3	)		—
Contract termination costs		9.6			(0.2	)		(0.2	)		(1.3	)		7.9
Other		1.3			1.7			(1.3	)		(0.3	)		1.4

	$	36.2		$	0.5		$	(16.9	)	$	(2.1	)	$	17.7

- 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.

+ References+ Details