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Other Expense | 6 Months Ended
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Jun. 30, 2017
Other Income and Expenses [Abstract] |
Other Expense | Other Expense Other expense consists of:
| Three Months Ended June 30, |  | Six Months Ended June 30,
($ in millions) | 2017 |  | 2016 |  | 2017 |  | 2016
Restructuring and related charges: |  |  |  |  |  |  |
Severance and post-employment benefits | $ | — |  |  | $ | (1.5 | ) |  | $ | — |  |  | $ | 6.4 |
Asset-related charges | — |  |  | — |  |  | — |  |  | 15.0 |
Total restructuring and related charges | — |  |  | (1.5 | ) |  | — |  |  | 21.4 |
Venezuela currency devaluation | — |  |  | — |  |  | — |  |  | 2.7 |
Venezuela deconsolidation | 11.1 |  |  | — |  |  | 11.1 |  |  | — |
Development income | (0.4 | ) |  | (0.4 | ) |  | (0.8 | ) |  | (0.8 | )
Contingent consideration costs | 0.4 |  |  | 1.7 |  |  | 0.7 |  |  | 1.9 |
Other items | 0.6 |  |  | 1.0 |  |  | 1.6 |  |  | 1.4 |
Total other expense | $ | 11.7 |  |  | $ | 0.8 |  |  | $ | 12.6 |  |  | $ | 26.6 |
Restructuring and Related Charges On February 15, 2016, our Board of Directors approved a restructuring plan designed to repurpose several of our production facilities in support of growing high-value proprietary products and to realign operational and commercial activities to meet the needs of our new market-focused commercial organization. During the three months ended June 30, 2016, we recorded $1.5 million in reversals of previously-recorded restructuring and related charges. During the six months ended June 30, 2016, we incurred $21.4 million in restructuring and related charges, consisting of $6.4 million for severance charges, $10.0 million for a non-cash asset write-down associated with the discontinued use of a trademark, and $5.0 million for non-cash asset write-downs associated with the discontinued use of a patent and certain equipment. The balance of the charges related to this plan will be recognized as incurred in 2017. The following table presents activity related to our restructuring obligations:
($ in millions) | Severance and benefits |  | Asset-related charges |  | Other charges |  | Total
Balance, December 31, 2015 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges | 8.9 |  |  | 17.3 |  |  | 0.2 |  |  | 26.4 |
Cash payments | (3.0 | ) |  | — |  |  | — |  |  | (3.0 | )
Non-cash asset write-downs | — |  |  | (17.3 | ) |  | (0.2 | ) |  | (17.5 | )
Balance, December 31, 2016 | 5.9 |  |  | — |  |  | — |  |  | 5.9 |
Cash payments | (1.7 | ) |  | — |  |  | — |  |  | (1.7 | )
Balance, June 30, 2017 | $ | 4.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 4.2 |
Other Items On February 17, 2016, the Venezuelan government announced a devaluation of the Bolivar, from the previously-prevailing official exchange rate of 6.3 Bolivars to USD to 10.0 Bolivars to USD, and streamlined the previous three-tiered currency exchange mechanism into a dual currency exchange mechanism. As a result, during the six months ended June 30, 2016, we recorded a $2.7 million charge. During the three and six months ended June 30, 2017, as a result of the continued deterioration of conditions in Venezuela as well as our continued reduced access to USD settlement controlled by the Venezuelan government, we recorded a charge of $11.1 million related to the deconsolidation of our Venezuelan subsidiary, following our determination that we no longer met the U.S. GAAP criteria for control of that subsidiary. This charge included the derecognition of the carrying amounts of our Venezuelan subsidiary's assets and liabilities, as well as the write-off of our investment in our Venezuelan subsidiary, related unrealized translation adjustments and the elimination of intercompany accounts. Beginning with the three months ended June 30, 2017, our consolidated financial statements exclude the results of our Venezuelan subsidiary except for income from sales of inventory or from dividends only to the extent that USD is received from our Venezuelan subsidiary. We will continue to actively monitor the political and economic developments in Venezuela. In addition, during both the three and six months ended June 30, 2017 and 2016, we recognized development income of $0.4 million and $0.8 million, respectively, within Proprietary Products, related to a nonrefundable customer payment of $20.0 million received in June 2013 in return for the exclusive use of the SmartDose technology platform within a specific therapeutic area. As of June 30, 2017, there was $13.6 million of unearned income related to this payment, of which $1.5 million was included in other current liabilities and $12.1 million was included in other long-term liabilities. The unearned income is being recognized as development income on a straight-line basis over the remaining term of the agreement. The agreement does not include a future minimum purchase commitment from the customer. Contingent consideration costs represent changes in the fair value of the SmartDose contingent consideration. Please refer to Note 8, Fair Value Measurements, for additional details. Other items consist of foreign exchange transaction gains and losses, gains and losses on the sale of fixed assets, and miscellaneous income and charges.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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