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Restructuring and Other Charges, Net (Tables)
12 Months Ended
Dec. 31, 2015
Restructuring and Other Charges, Net  
Summary of the pre-tax cost by restructuring program

                                                                                                                                                                                    

 

 

Year ended December 31

 

 

 

2015

 

2014

 

2013

 

 

 

(in millions)

 

Restructuring costs:

 

 

 

 

 

 

 

 

 

 

2015 Actions

 

$

13.6

 

$

 

$

 

2013 Actions

 

 

0.5

 

 

3.8

 

 

4.1

 

Other Actions

 

 

7.3

 

 

11.3

 

 

5.9

 

​  

​  

​  

​  

​  

​  

Total restructuring charges

 

$

21.4

 

$

15.2

 

$

10.0

 

Adjustment related to contingent liability reduction

 

 

 

 

 

 

(0.2

)

Less: amount included in cost of goods sold

 

 

 

 

 

 

(1.1

))

​  

​  

​  

​  

​  

​  

Total restructuring and other charges, net

 

$

21.4

 

$

15.2

 

$

8.7

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Restructuring  
Summary of recorded pre-tax restructuring in its business segments

                                                                                                                                                                                    

 

 

Year ended December 31

 

 

 

2015

 

2014

 

2013

 

 

 

(in millions)

 

Americas

 

$

9.4 

 

$

2.1 

 

$

1.3 

 

EMEA

 

 

6.7 

 

 

12.1 

 

 

8.7 

 

Asia-Pacific

 

 

4.2 

 

 

0.2 

 

 

 

Corporate

 

 

1.1 

 

 

0.8 

 

 

 

​  

​  

​  

​  

​  

​  

Total

 

$

21.4 

 

$

15.2 

 

$

10.0 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

2015 Actions  
Restructuring  
Summary of recorded pre-tax restructuring in its business segments

                                                                                                                                                                                    

 

 

Year Ended
December 31,
2015

 

Incurred
to Date

 

Total
Expected
Costs

 

 

 

(in millions)

 

Asia-Pacific

 

$

4.2 

 

$

4.2 

 

$

4.4 

 

Americas

 

 

9.4 

 

 

9.4 

 

 

16.8 

 

​  

​  

​  

​  

​  

​  

Total restructuring costs

 

$

13.6 

 

$

13.6 

 

$

21.2 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of total expected, incurred and remaining pre-tax costs

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Asset
write-downs

 

Facility
exit
and other

 

Total

 

 

 

(in millions)

 

Costs incurred—2015

 

$

8.5 

 

 

0.7 

 

 

1.6 

 

 

2.8 

 

 

13.6 

 

Remaining costs to be incurred

 

 

2.0 

 

 

0.3 

 

 

0.7 

 

 

4.6 

 

 

7.6 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total expected restructuring costs

 

$

10.5 

 

$

1.0 

 

$

2.3 

 

$

7.4 

 

$

21.2 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of restructuring reserve

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Asset
write-downs

 

Facility
exit
and other

 

Total

 

 

 

(in millions)

 

Balance at December 31, 2014

 

$

 

$

 

$

 

$

 

$

 

Net pre-tax restructuring charges

 

 

8.5

 

 

0.7

 

 

1.6

 

 

2.8

 

 

13.6

 

Utilization and foreign currency impact

 

 

(3.5

)

 

(0.3

)

 

(1.6

)

 

(1.8

)

 

(7.2

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Balance at December 31, 2015

 

$

5.0

 

$

0.4

 

$

 

$

1.0

 

$

6.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Other Actions  
Restructuring  
Summary of restructuring reserve

 

        Details of the Company's EMEA 2015 restructuring reserve activity for the year ended December 31, 2015 are as follows:

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Facility exit
and other

 

Total

 

 

 

(in millions)

 

Balance at December 31, 2014

 

$

 

$

 

$

 

$

 

Net pre-tax restructuring charges

 

 

6.6

 

 

 

 

0.3

 

 

6.9

 

Utilization and foreign currency impact

 

 

(0.2

)

 

 

 

(0.3

)

 

(0.5

)

​  

​  

​  

​  

​  

​  

​  

​  

Balance at December 31, 2015

 

$

6.4

 

$

 

$

 

$

6.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

        Details of the Company's EMEA 2014 restructuring reserve activity for the year ended December 31, 2015 are as follows:

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Asset
write-downs

 

Total

 

 

 

(in millions)

 

Balance at December 31, 2014

 

$

6.9

 

$

 

$

 

$

6.9

 

Net pre-tax restructuring charges

 

 

(1.0

)

 

0.2

 

 

0.3

 

 

(0.5

)

Utilization and foreign currency impact

 

 

(3.3

)

 

(0.2

)

 

(0.3

)

 

(3.8

)

​  

​  

​  

​  

​  

​  

​  

​  

Balance at December 31, 2015

 

$

2.6

 

$

 

$

 

$

2.6

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of the total expected, incurred and remaining pre-tax costs for EMEA restructuring actions and strategic initiatives

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Facility
exit
and other

 

Total

 

 

 

(in millions)

 

Costs incurred—2015

 

 

6.6 

 

 

 

 

0.3 

 

 

6.9 

 

Remaining costs to be incurred

 

 

1.0 

 

 

2.0 

 

 

0.1 

 

 

3.1 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total expected restructuring costs

 

$

7.6 

 

$

2.0 

 

$

0.4 

 

$

10.0 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Severance

 

Legal and
consultancy

 

Asset
write-downs

 

Facility
exit
and other

 

Total

 

 

 

(in millions)

 

Costs incurred—2014

 

$

6.9

 

$

 

$

 

$

 

$

6.9

 

Costs incurred—2015

 

 

(1.0

)

 

0.2

 

 

0.3

 

 

 

 

(0.5

)

Remaining costs to be incurred

 

 

0.8

 

 

 

 

0.7

 

 

0.1

 

 

1.6

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total expected restructuring costs

 

$

6.7

 

$

0.2

 

$

1.0

 

$

0.1

 

$

8.0

 

​  

​  

​  

​  

​  

​  

​  

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​  

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​