Impairments, Restructuring Charges, and Other Items

The charges recorded as impairment, restructuring, and other charges for three and nine months ended September 30, 2012 and 2011 are as follows:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012			2011
(In Millions)
Severance, restructuring costs, and special termination benefits	$	0.6	$	0.3	$	2.6		$	5.6
Environmental reserve on held-for-sale building	0.0		0.0		0.0			0.1
Curtailment (gains)	0.0		0.0		(45.0		)	0.0
Total impairments, restructuring charges, and other items	$	0.6	$	0.3	$	(42.4	)	$	5.7

Impairments, restructuring charges, and other items for the third quarter of 2012 include $0.6 million related to severance associated with a reduction in force at our Brazilian ($0.5 million) and French ($0.1 million) locations.

Impairments, restructuring charges, and other items for the third quarter of 2011 include $0.3 million related to severance associated with a reduction in force at our Brazilian facility.

Impairments, restructuring charges, and other items for the nine months ended September 30, 2012 include $2.6 million related to severance associated with a reduction in force at our Brazilian ($1.9 million), North American ($0.3 million), French ($0.1 million) and Corporate ($0.3 million) locations, and postretirement benefit curtailment gains of $45.0 million. (See Note 5, “Pension and Other Postretirement Benefit Plans”, for additional information).

Impairments, restructuring charges, and other items for the nine months ended September 30, 2011 include $5.6 million related to severance associated with a reduction in force at our Brazilian ($2.1 million), North American ($0.1 million), French ($0.2 million), Indian ($0.1 million) and Corporate ($3.1 million) locations and an increase of $0.1 million for costs related to the environmental reserve associated with the remediation activities at our former Tecumseh, Michigan facility. On March 7, 2011, our President and Chief Executive Officer and our Board of Directors mutually determined to separate our President and Chief Executive Officer’s employment with us after a transition period. The $3.1 million severance associated with a reduction in force at our Corporate location includes $1.35 million relating to our former President and Chief Executive Officer’s separation which was paid on July 31, 2011.

The following table reconciles activities for the nine months ended September 30, 2012 for accrued impairment, restructuring charges and other items.



(In Millions)	Severance			Other			Total
Balance at January 1, 2012	$	0.1		$	1.8		$	1.9
Accruals	2.6			0.0			2.6
Payments	(2.6		)	(0.7		)	(3.3		)
Balance at September 30, 2012	$	0.1		$	1.1		$	1.2

The accrued severance balance at September 30, 2012, includes $0.1 million for payments to be made related to our European reduction in force and is expected to be paid in the next 12 months. The environmental reserve balance at September 30, 2012, included in other, represents the estimated costs associated with remediation activities at our former Tecumseh, Michigan facility and is expected to be paid in the next 9-12 months. (See Note 14, “Commitments and Contingencies”, for additional information).