XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Restructuring | 3 Months Ended
--- | ---
Mar. 31, 2016
Restructuring | Restructuring During the three months ended March 31, 2016 and the year ended December 31, 2015, we continued execution of certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. Initiatives during the three months ended March 31, 2016 included the reduction in hourly and salaried headcount of approximately 50 employees, consisting of approximately 10 in Water Quality Systems, 20 in Flow & Filtration Solutions and 20 in Technical Solutions. Initiatives during the year ended December 31, 2015 included the reduction in hourly and salaried headcount of approximately 3,000 employees, consisting of approximately 100 in Water Quality Systems, 200 in Flow & Filtration Solutions, 200 in Technical Solutions and 2,500 in Valves & Controls. Restructuring related costs included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) included costs for severance and other restructuring costs as follows:
| Three months ended
In millions | March 31, 2016 | March 28, 2015
Severance and related costs | $ | 0.8 |  | $ | — |
Other | (0.1 | ) | — |
Total restructuring costs | $ | 0.7 |  | $ | — |
Other restructuring costs primarily consist of asset impairment and various contract termination costs. Restructuring costs (benefits) by reportable segment for the three months ended March 31, 2016 and March 28, 2015 were as follows:
| Three months ended
In millions | March 31, 2016 | March 28, 2015
Water Quality Systems | $ | 0.5 |  | $ | — |
Flow & Filtration Solutions | (1.1 | ) | — |
Technical Solutions | 0.2 |  | — |
Valves & Controls | 0.2 |  | — |
Other | 0.9 |  | — |
Consolidated | $ | 0.7 |  | $ | — |
Activity in the restructuring accrual recorded in Other current liabilities and Employee compensation and benefits in the Condensed Consolidated Balance Sheets is summarized as follows for the three months ended March 31, 2016:
In millions | March 31, 2016
Beginning balance | $ | 91.2 |
Costs incurred | 0.8 |
Cash payments and other | (20.7 | )
Ending balance | $ | 71.3 |

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration