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COST REDUCTION ACTIONS (Tables)
12 Months Ended
Dec. 29, 2018
COST REDUCTION ACTIONS  
Restructuring charges and payments

 

        During 2018, restructuring charges and payments were as follows:

                                                                                                                                                                                    

(In millions)

 

Accrual at
December 30,
2017

 

Charges,
Net of
Reversals

 

Cash
Payments

 

Non-cash
Impairment

 

Foreign
Currency
Translation

 

Accrual at
December 29,
2018

 

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

2018/2019 Actions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and related costs

 

$

 

$

51.8

 

$

(9.8

)

$

 

$

(1.3

)

$

40.7

 

Asset impairment charges

 

 

 

 

7.6

 

 

 

 

(7.6

)

 

 

 

 

2015/2016 Actions

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

Severance and related costs

 

 

4.3

 

 

11.2

 

 

(15.2

)

 

 

 

 

 

.3

 

Lease cancellation costs

 

 

.6

 

 

.8

 

 

(1.0

)

 

 

 

 

 

.4

 

Asset impairment charges

 

 

 

 

2.3

 

 

 

 

(2.3

)

 

 

 

–  

 

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

Total

 

$

4.9

 

$

73.7

 

$

(26.0

)

$

(9.9

)

$

(1.3

)

$

41.4

 

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

 

        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

 

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

 

Total amount of restructuring charges incurred by reportable segment and Corporate

 

                                                                                                                                                                                    

(In millions)

 

2018

 

2017

 

2016

 

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

Restructuring charges by reportable segment and Corporate

 

 

 

 

 

 

 

 

 

 

Label and Graphic Materials

 

$

57.8

 

$

14.8

 

$

8.5

 

Retail Branding and Information Solutions

 

 

11.9

 

 

18.4

 

 

10.5

 

Industrial and Healthcare Materials

 

 

4.0

 

 

.2

 

 

.9

 

Corporate

 

 

 

 

 

 

–  

 

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​  

Total

 

$

73.7

 

$

33.4

 

$

19.9

 

​  

​ 

​  

​  

​ 

​  

​  

​ 

​  

​