Restructuring and Other Charges (Income)

Our restructuring and other charges (income) are comprised of restructuring, asset disposals and other charges (income) as noted below:



	Three Months Ended March 31
(in Millions)	2013		2012
Restructuring Charges and Asset Disposals	$	8.4	$	1.1
Other Charges (Income), Net	1.5		0.6
Total Restructuring and Other Charges	$	9.9	$	1.7

RESTRUCTURING CHARGES AND ASSET DISPOSALS

For further detail on the restructuring charges and asset disposals which commenced prior to 2013, see Note 7 to our consolidated financial statements included with our 2012 Form 10-K.



	Restructuring Charges
(in Millions)	Severance and Employee Benefits (1)		Other Charges (Income) (2)		Asset Disposal Charges (3)		Total
Lithium Restructuring	2.6		2.2		1.0		5.8
Other Items	1.8		0.8		—		2.6
Three months ended March 31, 2013	$	4.4	$	3.0	$	1.0	$	8.4
Other Items	—		0.7		0.4		1.1
Three months ended March 31, 2012	$	—	$	0.7	$	0.4	$	1.1

____________________


(1)	Represents severance and employee benefit charges. Income represents adjustments to previously recorded severance and employee benefits.


(2)	Primarily represents costs associated with accrued lease payments, contract terminations, and other miscellaneous exit costs. Other Income primarily represents favorable developments on previously recorded exit costs as well as recoveries associated with restructuring.


(3)	Primarily represents accelerated depreciation and impairment charges on plant and equipment, which were or are to be abandoned. Asset disposal charges also included the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations due to facility shutdowns, see Note 8.

Roll forward of Restructuring Reserves

The following table shows a roll forward of restructuring reserves that will result in cash spending. These amounts exclude asset retirement obligations, which are discussed in Note 8.



(in Millions)	Balance at 12/31/12 (4)		Change in reserves (2)		Cash payments			Other (3)			Balance at 3/31/13 (4)
Lithium Restructuring	$	—	$	4.8	$	(2.5	)	$	—		$	2.3
Zeolites Shutdown	1.5		0.4		(0.4		)	—			1.5
Huelva Restructuring	3.0		0.3		(0.3		)	(0.1		)	2.9
Other Workforce Related and Facility Shutdowns (1)	6.0		1.9		(0.9		)	—			7.0
Total	$	10.5	$	7.4	$	(4.1	)	$	(0.1	)	$	13.7

____________________


(1)	Primarily severance costs related to workforce reductions and facility shutdowns noted in the “Other Items” sections above.


(2)	Primarily severance, exited lease, contract termination and other miscellaneous exit costs. The accelerated depreciation and impairment charges noted above impacted our property, plant and equipment balances and are not included in the above tables.


(3)	Primarily foreign currency translation adjustments.


(4)	Included in “Accrued and other liabilities” on the condensed consolidated balance sheets.

OTHER CHARGES (INCOME), NET



	Three Months Ended March 31
(in Millions)	2013		2012
Environmental Charges, Net	$	1.0	$	1.0
Other, Net	0.5		(0.4		)
Other Charges (Income), Net	$	1.5	$	0.6

Environmental Charges, Net

Environmental charges represent the net charges associated with environmental remediation at continuing operating sites, see Note 11 for additional details.