XML 49 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Restructuring and Other Charges, Net (Tables)
12 Months Ended
Dec. 31, 2015
Restructuring and Other Charges, Net  
Summary of the pre-tax cost by restructuring program

                                                                                                                                                                                    

 

 

Year ended December 31

 

 

 

2015

 

2014

 

2013

 

 

 

(in millions)

 

Restructuring costs:

 

 

 

 

 

 

 

 

 

 

2015 Actions

 

$

13.6

 

$

—

 

$

—

 

2013 Actions

 

 

0.5

 

 

3.8

 

 

4.1

 

Other Actions

 

 

7.3

 

 

11.3

 

 

5.9

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

Total restructuring charges

 

$

21.4

 

$

15.2

 

$

10.0

 

Adjustment related to contingent liability reduction

 

 

—

 

 

—

 

 

(0.2

)

Less: amount included in cost of goods sold

 

 

—

 

 

—

 

 

(1.1

))

​

​

​  

​  

​

​  

​  

​

​  

​  

​

Total restructuring and other charges, net

 

$

21.4

 

$

15.2

 

$

8.7

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

 

Restructuring  
Summary of recorded pre-tax restructuring in its business segments

                                                                                                                                                                                    

 

 

Year ended December 31

 

 

 

2015

 

2014

 

2013

 

 

 

(in millions)

 

Americas

 

$

9.4 

 

$

2.1 

 

$

1.3 

 

EMEA

 

 

6.7 

 

 

12.1 

 

 

8.7 

 

Asia-Pacific

 

 

4.2 

 

 

0.2 

 

 

—

 

Corporate

 

 

1.1 

 

 

0.8 

 

 

—

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

Total

 

$

21.4 

 

$

15.2 

 

$

10.0 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

 

2015 Actions  
Restructuring  
Summary of recorded pre-tax restructuring in its business segments

                                                                                                                                                                                    

 

 

Year Ended
December 31,
2015

 

Incurred
to Date

 

Total
Expected
Costs

 

 

 

(in millions)

 

Asia-Pacific

 

$

4.2 

 

$

4.2 

 

$

4.4 

 

Americas

 

 

9.4 

 

 

9.4 

 

 

16.8 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

Total restructuring costs

 

$

13.6 

 

$

13.6 

 

$

21.2 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

 

Summary of total expected, incurred and remaining pre-tax costs

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Asset
write-downs

 

Facility
exit
and other

 

Total

 

 

 

(in millions)

 

Costs incurred—2015

 

$

8.5 

 

 

0.7 

 

 

1.6 

 

 

2.8 

 

 

13.6 

 

Remaining costs to be incurred

 

 

2.0 

 

 

0.3 

 

 

0.7 

 

 

4.6 

 

 

7.6 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total expected restructuring costs

 

$

10.5 

 

$

1.0 

 

$

2.3 

 

$

7.4 

 

$

21.2 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

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​  

​  

​

​  

​  

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​

 

Summary of restructuring reserve

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Asset
write-downs

 

Facility
exit
and other

 

Total

 

 

 

(in millions)

 

Balance at December 31, 2014

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

Net pre-tax restructuring charges

 

 

8.5

 

 

0.7

 

 

1.6

 

 

2.8

 

 

13.6

 

Utilization and foreign currency impact

 

 

(3.5

)

 

(0.3

)

 

(1.6

)

 

(1.8

)

 

(7.2

)

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Balance at December 31, 2015

 

$

5.0

 

$

0.4

 

$

—

 

$

1.0

 

$

6.4

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

 

Other Actions  
Restructuring  
Summary of restructuring reserve

 

        Details of the Company's EMEA 2015 restructuring reserve activity for the year ended December 31, 2015 are as follows:

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Facility exit
and other

 

Total

 

 

 

(in millions)

 

Balance at December 31, 2014

 

$

—

 

$

—

 

$

—

 

$

—

 

Net pre-tax restructuring charges

 

 

6.6

 

 

—

 

 

0.3

 

 

6.9

 

Utilization and foreign currency impact

 

 

(0.2

)

 

—

 

 

(0.3

)

 

(0.5

)

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Balance at December 31, 2015

 

$

6.4

 

$

—

 

$

—

 

$

6.4

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

 

        Details of the Company's EMEA 2014 restructuring reserve activity for the year ended December 31, 2015 are as follows:

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Asset
write-downs

 

Total

 

 

 

(in millions)

 

Balance at December 31, 2014

 

$

6.9

 

$

—

 

$

—

 

$

6.9

 

Net pre-tax restructuring charges

 

 

(1.0

)

 

0.2

 

 

0.3

 

 

(0.5

)

Utilization and foreign currency impact

 

 

(3.3

)

 

(0.2

)

 

(0.3

)

 

(3.8

)

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Balance at December 31, 2015

 

$

2.6

 

$

—

 

$

—

 

$

2.6

 

​

​

​  

​  

​

​  

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​

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​

​  

​  

​

​

​

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​

​  

​  

​

​  

​  

​

​  

​  

​

 

Summary of the total expected, incurred and remaining pre-tax costs for EMEA restructuring actions and strategic initiatives

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Facility
exit
and other

 

Total

 

 

 

(in millions)

 

Costs incurred—2015

 

 

6.6 

 

 

—

 

 

0.3 

 

 

6.9 

 

Remaining costs to be incurred

 

 

1.0 

 

 

2.0 

 

 

0.1 

 

 

3.1 

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total expected restructuring costs

 

$

7.6 

 

$

2.0 

 

$

0.4 

 

$

10.0 

 

​

​

​  

​  

​

​  

​  

​

​  

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​

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​  

​

​

​

​  

​  

​

​  

​  

​

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​

​  

​  

​

 

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Asset
write-downs

 

Facility
exit
and other

 

Total

 

 

 

(in millions)

 

Costs incurred—2014

 

$

6.9

 

$

—

 

$

—

 

$

—

 

$

6.9

 

Costs incurred—2015

 

 

(1.0

)

 

0.2

 

 

0.3

 

 

—

 

 

(0.5

)

Remaining costs to be incurred

 

 

0.8

 

 

—

 

 

0.7

 

 

0.1

 

 

1.6

 

​

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

​  

​  

​

Total expected restructuring costs

 

$

6.7

 

$

0.2

 

$

1.0

 

$

0.1

 

$

8.0

 

​

​

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