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Special Charges, Net (Tables)
12 Months Ended
Dec. 31, 2014
Special Charges, Net  
Schedule of special charges by expense type

 

                                                                                                                                                                                    

 

 

Years Ended
December 31,

 

 

 

2014

 

2013

 

2012

 

Employee termination costs

 

$

19.8

 

$

29.2

 

$

22.6

 

Facility consolidation costs

 

 

0.9

 

 

1.0

 

 

2.4

 

Other cash costs (recoveries), net

 

 

0.9

 

 

0.1

 

 

(4.4

)

Non-cash asset write-downs

 

 

1.5

 

 

2.0

 

 

2.8

 

​  

​  

​  

​  

​  

​  

Total

 

$

23.1

 

$

32.3

 

$

23.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of special charges

 

2014 Charges:

                                                                                                                                                                                    

 

 

Employee
Termination
Costs

 

Facility
Consolidation
Costs

 

Other
Cash Costs,
Net

 

Non-Cash
Asset
Write-downs

 

Total
Special
Charges

 

Flow Technology reportable segment

 

$

11.2 

 

$

0.6 

 

$

0.5 

 

$

1.5 

 

$

13.8 

 

Thermal Equipment and Services reportable segment

 

 

5.7 

 

 

0.3 

 

 

0.4 

 

 

 

 

6.4 

 

Industrial Products and Services and Other

 

 

2.3 

 

 

 

 

 

 

 

 

2.3 

 

Corporate

 

 

0.6 

 

 

 

 

 

 

 

 

0.6 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

19.8 

 

$

0.9 

 

$

0.9 

 

$

1.5 

 

$

23.1 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

2013 Charges:

                                                                                                                                                                                    

 

 

Employee
Termination
Costs

 

Facility
Consolidation
Costs

 

Other
Cash Costs
(Recoveries), Net

 

Non-Cash
Asset
Write-downs

 

Total
Special
Charges

 

Flow Technology reportable segment

 

$

11.8

 

$

1.0

 

$

(0.3

)

$

1.7

 

$

14.2

 

Thermal Equipment and Services reportable segment

 

 

16.3

 

 

 

 

 

 

 

 

16.3

 

Industrial Products and Services and Other

 

 

1.0

 

 

 

 

0.2

 

 

 

 

1.2

 

Corporate

 

 

0.1

 

 

 

 

0.2

 

 

0.3

 

 

0.6

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

29.2

 

$

1.0

 

$

0.1

 

$

2.0

 

$

32.3

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

2012 Charges:

                                                                                                                                                                                    

 

 

Employee
Termination
Costs

 

Facility
Consolidation
Costs

 

Other
Cash Costs
(Recoveries), Net

 

Non-Cash
Asset
Write-downs

 

Total
Special
Charges

 

Flow Technology reportable segment

 

$

16.2

 

$

1.8

 

$

 

$

0.9

 

$

18.9

 

Thermal Equipment and Services reportable segment

 

 

5.7

 

 

0.2

 

 

0.1

 

 

1.6

 

 

7.6

 

Industrial Products and Services and Other

 

 

 

 

0.3

 

 

 

 

 

 

0.3

 

Corporate

 

 

0.7

 

 

0.1

 

 

(4.5

)

 

0.3

 

 

(3.4

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

22.6

 

$

2.4

 

$

(4.4

)

$

2.8

 

$

23.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of the analysis of the entity's restructuring liabilities

 

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2014

 

2013

 

2012

 

Balance at beginning of year

 

$

19.0

 

$

16.4

 

$

11.0

 

Special charges(1)

 

 

21.6

 

 

34.7

 

 

25.5

 

Utilization — cash(2)

 

 

(26.2

)

 

(32.4

)

 

(20.1

)

Currency translation adjustment and other

 

 

(0.1

)

 

0.3

 

 

—  

 

​  

​  

​  

​  

​  

​  

Balance at the end of year

 

$

14.3

 

$

19.0

 

$

16.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


(1)

The years ended December 31, 2014, 2013 and 2012 included $0.0, $4.4 and $0.7, respectively, of charges that related to discontinued operations for which we have retained the related liabilities, and excluded $1.5, $2.0 and $3.4, respectively, of non-cash charges that impacted special charges but not the restructuring liabilities, as well as a gain of $4.8 on the sale of land rights in Shanghai, China during the year ended December 31, 2012.

(2)

The years ended December 31, 2014, 2013 and 2012 included $0.7, $3.6 and $1.0 of cash utilized to settle retained liabilities of discontinued operations.