RESTRUCTURING CHARGES (Tables)

6 Months Ended

Jun. 30, 2013

A summary of the restructuring and related charges incurred through June 30, 2013 and expected to be incurred for the September 2012 Program, are as follows:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Other		Total Restructuring Charges and Other, Net		Returns (a)			Inventory Write-offs (b)		Other Charges (c)		Total Restructuring and Related Charges
Charges incurred through December 31, 2012 ^(d)	$	18.4	$	2.3	$	20.7	$	1.6		$	1.2	$	0.6	$	24.1
Charges (benefits) incurred for the six months ended June 30, 2013	2.5		0.8		3.3		(0.1		)	0.2		0.2		3.6
Cumulative charges incurred through June 30, 2013	$	20.9	$	3.1	$	24.0	$	1.5		$	1.4	$	0.8	$	27.7
Total expected net charges ^(e)	$	20.9	$	1.3	$	22.2	$	1.5		$	1.4	$	0.8	$	25.9


^(a)	Returns are recorded as a reduction to net sales in the Company’s Consolidated Statements of Income and Comprehensive Income.


^(b)	Inventory write-offs are recorded within cost of sales in the Company’s Consolidated Statements of Income and Comprehensive Income.


^(c)	Other charges are recorded within SG&A expenses within the Company’s Consolidated Statements of Income and Comprehensive Income.


^(d)	Included within the $18.4 million of employee severance and other personnel benefits is a net pension curtailment gain of $1.5 million recognized in the year ended December 31, 2012.


^(e)	The Company expects to recognize an additional net benefit of approximately $2 million during the remainder of 2013. This expected net benefit includes a $2.4 million gain as a result of the July 2013 sale of the Company's manufacturing facility in France, which is included within the $1.3 million of other.

Schedule of Restructuring Reserve by Type of Cost

Details of the movements in the restructuring reserve during the first six months of 2013 are as follows:



								Utilized, Net
	Balance as of January 1, 2013		(Income) Expense, Net ^(a)		Foreign Currency Translation			Cash			Noncash		Balance as of June 30, 2013
September 2012 Program:
Employee severance and other personnel benefits	$	18.0	$	2.5	$	(0.4	)	$	(11.3	)	$	—	$	8.8
Other	0.9		0.8		—			(1.7		)	—		—
Lease exit	0.3		—		—			(0.2		)	—		0.1
Total restructuring charges and other, net	$	19.2	$	3.3	$	(0.4	)	$	(13.2	)	$	—	$	8.9

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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