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COST REDUCTION ACTIONS (Tables)
12 Months Ended
Dec. 30, 2017
COST REDUCTION ACTIONS  
Restructuring charges and payments

 

        During 2017, restructuring charges and payments were as follows:

                                                                                                                                                                                                                                   

(In millions)

 

Accrual at
December 31,
2016

 

Charges
(Reversals),
net

 

Cash
Payments

 

Non-cash
Impairment

 

Foreign
Currency
Translation

 

Accrual at
December 30,
2017

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

2015/2016 Actions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and related costs

 

$

3.3

 

$

31.9

 

$

(30.8

)

$

 

$

(.1

)

$

4.3

 

Lease cancellation costs

 

 

.2

 

 

1.2

 

 

(.8

)

 

 

 

 

 

.6

 

Asset impairment charges

 

 

 

 

1.0

 

 

 

 

(1.0

)

 

 

 

 

Prior actions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and related costs

 

 

1.3

 

 

(.7

)

 

(.6

)

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

4.8

 

$

33.4

 

$

(32.2

)

$

(1.0

)

$

(.1

)

$

4.9

 

​  

​  

​  

​  

​  

​  

​  

​  

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​  

​  

​  

        During 2016, restructuring charges and payments were as follows:

                                                                                                                                                                                    

(In millions)

 

Accrual at
January 2,
2016

 

Charges
(Reversals),
net

 

Cash
Payments

 

Non-cash
Impairment

 

Foreign
Currency
Translation

 

Accrual at
December 31,
2016

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

2015/2016 Actions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and related costs

 

$

8.4

 

$

15.7

 

$

(20.9

)

$

 

$

.1

 

$

3.3

 

Asset impairment charges

 

 

 

 

4.1

 

 

 

 

(4.1

)

 

 

 

 

Lease cancellation costs

 

 

.2

 

 

1.1

 

 

(1.1

)

 

 

 

 

 

.2

 

Prior actions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and related costs

 

 

5.5

 

 

(1.0

)

 

(3.2

)

 

 

 

 

 

1.3

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

14.1

 

$

19.9

 

$

(25.2

)

$

(4.1

)

$

.1

 

$

4.8

 

​  

​  

​  

​  

​  

​  

​  

​  

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​  

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​  

​  

​  

​  

​  

​  

​  

 

Total amount of restructuring charges incurred by reportable segment and Corporate

 

                                                                                                                                                                                    

(In millions)

 

2017

 

2016

 

2015

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Restructuring charges by reportable segment and Corporate

 

 

 

 

 

 

 

 

 

 

Label and Graphic Materials

 

$

14.8

 

$

8.5

 

$

13.6

 

Retail Branding and Information Solutions

 

 

18.4

 

 

10.5

 

 

35.7

 

Industrial and Healthcare Materials

 

 

.2

 

 

.9

 

 

8.0

 

Corporate

 

 

 

 

 

 

2.2

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

33.4

 

$

19.9

 

$

59.5

 

​  

​  

​  

​  

​  

​  

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​