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RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS | 6 Months Ended
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Jun. 30, 2015
Restructuring and Related Activities [Abstract] |
RESTRUCTURING ACTIONS | RESTRUCTURING ACTIONS The table below summarizes the restructuring costs presented within general and administrative expenses in our Consolidated Condensed Income Statements for the three and six months ended June 30, 2015 and 2014.
| Three Months |  | Six Months
For the Periods Ended June 30 | 2015 |  | 2014 |  | 2015 |  | 2014
Severance costs | $ | 6.2 |  |  | $ | 1.3 |  |  | $ | 15.1 |  |  | $ | 16.6 |
Asset write-offs | — |  |  | 1.3 |  |  | — |  |  | 1.3 |
Other restructuring costs | 0.5 |  |  | 1.2 |  |  | 0.9 |  |  | 1.2 |
Total restructuring costs | $ | 6.7 |  |  | $ | 3.8 |  |  | $ | 16.0 |  |  | $ | 19.1 |
By segment: |  |  |  |  |  |  |
Industrial Process | $ | 1.1 |  |  | $ | 2.0 |  |  | $ | 10.0 |  |  | $ | 2.9 |
Motion Technologies | — |  |  | 0.2 |  |  | — |  |  | 0.2 |
Interconnect Solutions | 5.5 |  |  | 1.6 |  |  | 5.3 |  |  | 16.0 |
Control Technologies | — |  |  | — |  |  | 0.5 |  |  | — |
Corporate and Other | 0.1 |  |  | — |  |  | 0.2 |  |  | — |
The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Condensed Balance Sheet within accrued liabilities, for the six months ended June 30, 2015 and 2014.
For the Six Months Ended June 30 | 2015 |  | 2014
Restructuring accruals - beginning balance | $ | 21.9 |  |  | $ | 14.7 |
Restructuring costs | 16.0 |  |  | 19.1 |
Cash payments | (13.1 | ) |  | (9.2 | )
Asset write-offs | — |  |  | (1.3 | )
Foreign exchange translation and other | (0.3 | ) |  | — |
Restructuring accrual - ending balance | $ | 24.5 |  |  | $ | 23.3 |
By accrual type: |  |  |
Severance accrual | $ | 23.3 |  |  | $ | 21.0 |
Facility carrying and other costs accrual | 1.2 |  |  | 2.3 |
2015 Interconnect Solutions Restructuring Actions In May 2015, we announced a restructuring action for the Interconnect Solutions (ICS) segment to reduce overall costs and better align the segment with current market conditions. The Company expects to incur cash restructuring costs, principally involuntary severance, of approximately $12 for approximately 110 employees, which represents 6% of the ICS global workforce. The Company expects to substantially complete these actions in the next twelve months. The following table provides a rollforward of the restructuring accruals associated with the 2015 ICS restructuring action.
For the Six Months Ended June 30 | 2015
Restructuring accruals - beginning balance | $ | — |
Restructuring costs | 5.5 |
Cash payments | (1.5 | )
Restructuring accruals - ending balance | $ | 4.0 |
2015 Industrial Process Restructuring Actions In March 2015, we announced a series of restructuring actions in the Company's Industrial Process segment related to a strategic reorganization of the business and to achieve efficiencies and reduce the overall cost structure. The Company expects to incur cash restructuring costs, principally involuntary severance costs of approximately $13 to $14 and other non-cash restructuring costs of approximately $4 to $5 in aggregate related to this action. The costs incurred during the six months ended June 30, 2015 primarily relate to employee severance for approximately 200 planned headcount reductions. We expect to incur the remaining restructuring costs of approximately $7 to $9 over the next 6 months related to this action. The following table provides a rollforward of the restructuring accruals associated with the 2015 Industrial Process restructuring actions.
For the Six Months Ended June 30 | 2015
Restructuring accruals - beginning balance | $ | — |
Restructuring costs | 10.0 |
Cash payments | (2.0 | )
Restructuring accruals - ending balance | $ | 8.0 |
2013 / 2014 Interconnect Solutions Restructuring Actions In 2013, we initiated a comprehensive restructuring plan to improve the overall cost structure of our ICS segment, including the transition of certain production lines from one location to another existing lower cost manufacturing site. During 2015, we reversed $0.2 of a previously estimated restructuring liability and made cash payments of $5.8, resulting in a remaining liability of $10.9 as of June 30, 2015. The remaining liability, which is primarily related to employee severance, is expected to be fully satisfied over the next 18 months. We do not expect to incur any additional charges related to this restructuring action.

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- 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
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