Company Transformation (Tables)

12 Months Ended

Dec. 31, 2012

The components of transformation costs incurred during 2012 and 2011 are presented below. We do not expect to incur significant transformation costs subsequent to December 31, 2012.


	2012									2011
	Continuing Operations			Discontinued Operations			Total			Continuing Operations			Discontinued Operations			Total
Loss on extinguishment of debt	$	1.0		$	—		$	1.0		$	296.8	^(a)	$	—		$	296.8
Advisory fees		4.4			6.4			10.8			—			139.4			139.4
Asset impairment		—			—			—			56.3	^(b)		8.2			64.5
Information technology costs		1.7			0.9			2.6			—			46.3			46.3
Employee retention and other compensation costs		2.3			—			2.3			36.8	^(c)		20.1			56.9
Lease termination and other real estate costs		1.9			—			1.9			4.3			9.8			14.1
Other costs		1.7			0.5			2.2			1.9			16.3			18.2
Transformation costs before income tax expense		13.0			7.8			20.8			396.1			240.1			636.2
Tax-related separation costs		—			—			—			3.5			7.3			10.8
Tax benefit		(4.4	)		(0.9	)		(5.3	)		(143.0	)		(74.0	)		(217.0	)
Total transformation costs, net of tax benefit	$	8.6		$	6.9		$	15.5		$	256.6		$	173.4		$	430.0

(a)	The $296.8 loss on extinguishment of debt represents the costs to extinguish substantially all outstanding debt prior to the Distribution. The activities associated with the extinguishment of debt are described in Note 15, “Debt,” to the Consolidated Financial Statements.

(b)	Includes a $55.0 impairment charge related to a decision to discontinue development of an information technology consolidation initiative.

(c)	Includes $16.8 of compensation costs recognized within continuing operations in connection with the retirement of Steven R. Loranger, our former Chairman, President and Chief Executive Officer in October 2011.

Roll Forward of Transformational Accrual

The table included below provides a rollforward of the accrual for transformation costs for the year ended 2012 and 2011.


	2012			2011
Transformation accrual – January 1	$	33.9		$	2.0
Charges for actions during the period:
Continuing operations		13.0			396.1
Discontinued operations		7.8			240.1
Cash payments		(47.3	)		(559.9	)
Asset impairment and other non-cash charges, net		(0.5	)		(44.4	)
Transformation accrual – December 31	$	6.9		$	33.9