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Restructuring
 12 Months Ended
Dec. 31, 2014
Restructuring and Related Activities [Abstract]  
Restructuring
Restructuring
In 2014, the Company recorded charges of $107.0 million in connection with its restructuring actions. These charges consist of $86.8 million recorded as cost of sales, $19.2 million recorded as selling, general and administrative expenses and $1.0 million recorded as other expense, net. The restructuring charges consist of employee termination benefits of $88.6 million, asset impairment charges of $0.5 million and contract termination costs of $0.5 million, as well as other related costs of $17.4 million. Employee termination benefits were recorded based on existing union and employee contracts, statutory requirements, completed negotiations and Company policy. Asset impairment charges relate to the disposal of buildings, leasehold improvements and machinery and equipment with carrying values of $0.5 million in excess of related estimated fair values. The Company expects to incur approximately $30.4 million of additional restructuring costs related to activities initiated as of December 31, 2014, and expects that the components of such costs will be consistent with its historical experience. Any future restructuring actions will depend upon market conditions, customer actions and other factors.
A summary of 2014 activity, is shown below (in millions):
 
Accrual as of
January 1, 2014
 
2014
Charges
 
Utilization
 
Accrual as of
December 31, 2014
 
 
 
Cash
 
Non-cash
 
Employee termination benefits
$
38.7

 
$
88.6

 
$
(82.2
)
 
$
—

 
$
45.1

Asset impairments
—

 
0.5

 
—

 
(0.5
)
 
—

Contract termination costs
5.6

 
0.5

 
(1.0
)
 
—

 
5.1

Other related costs
—

 
17.4

 
(17.4
)
 
—

 
—

Total
$
44.3

 
$
107.0

 
$
(100.6
)
 
$
(0.5
)
 
$
50.2


In 2013, the Company recorded charges of $77.9 million in connection with its restructuring actions. These charges consist of $52.6 million recorded as cost of sales and $25.3 million recorded as selling, general and administrative expenses. The restructuring charges consist of employee termination benefits of $54.1 million, asset impairment charges of $9.2 million and contract termination costs of $2.8 million, as well as other related costs of $11.8 million. Employee termination benefits were recorded based on existing union and employee contracts, statutory requirements, completed negotiations and Company policy. Asset impairment charges relate to the disposal of buildings, leasehold improvements and machinery and equipment with carrying values of $9.2 million in excess of related estimated fair values. Contract termination costs include pension benefit plan settlement charges of $2.5 million and other various costs of $0.3 million.
A summary of 2013 activity, excluding pension benefit plan settlement charges of $2.5 million, is shown below (in millions):
 
Accrual as of
January 1, 2013
 
2013
Charges
 
Utilization
 
Accrual as of
December 31, 2013
 
Cash
 
Non-cash
 
Employee termination benefits
$
38.5

 
$
54.1

 
$
(53.9
)
 
$
—

 
$
38.7

Asset impairments
—

 
9.2

 
—

 
(9.2
)
 
—

Contract termination costs
5.7

 
0.3

 
(0.4
)
 
—

 
5.6

Other related costs
—

 
11.8

 
(11.8
)
 
—

 
—

Total
$
44.2

 
$
75.4

 
$
(66.1
)
 
$
(9.2
)
 
$
44.3


In 2012, the Company recorded charges of $55.1 million in connection with its restructuring actions. These charges consist of $44.8 million recorded as cost of sales, $10.4 million recorded as selling, general and administrative expenses and ($0.1) million recorded as other expense, net. The restructuring charges consist of employee termination benefits of $45.4 million, asset impairment charges of $6.0 million and contract termination costs of $1.9 million, as well as other related costs of $1.8 million. Employee termination benefits were recorded based on existing union and employee contracts, statutory requirements, completed negotiations and Company policy. Asset impairment charges relate to the disposal of buildings, leasehold improvements and machinery and equipment with carrying values of $6.0 million in excess of related estimated fair values.
A summary of 2012 activity is shown below (in millions):
 
Accrual as of
January 1, 2012
 
2012
Charges
 
Utilization
 
Accrual as of
December 31, 2012
 
Cash
 
Non-cash
 
Employee termination benefits
$
56.8

 
$
45.4

 
$
(63.7
)
 
$
—

 
$
38.5

Asset impairments
—

 
6.0

 
—

 
(6.0
)
 
—

Contract termination costs
5.7

 
1.9

 
(1.9
)
 
—

 
5.7

Other related costs
—

 
1.8

 
(1.8
)
 
—

 
—

Total
$
62.5

 
$
55.1

 
$
(67.4
)
 
$
(6.0
)
 
$
44.2