XML 42 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring and Other Charges (Income) (Tables)
 3 Months Ended
Mar. 31, 2014
Restructuring and Related Activities [Abstract]  
Schedule of 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)
2014
 
2013
Restructuring charges and asset disposals
$
5.3

 
$
7.8

Other charges (income), net
1.4

 
1.5

Total restructuring and other charges
$
6.7

 
$
9.3
Schedule of restructuring charges and asset disposals
 
Restructuring Charges
 
 
 
 
(in Millions)
Severance and Employee Benefits (1)
 
Other Charges (Income) (2)
 
Asset Disposal Charges (3)
 
Total
Health and Nutrition Restructuring
$
4.9

 
$
—

 
$
—

 
$
4.9

Lithium Restructuring
—

 
0.1

 
—

 
0.1

Other Items
—

 
0.3

 
—

 
0.3

Three months ended March 31, 2014
$
4.9

 
$
0.4

 
$
—

 
$
5.3

Lithium Restructuring
2.6

 
2.2

 
1.0

 
5.8

Other Items
1.8

 
0.2

 
—

 
2.0

Three months ended March 31, 2013
$
4.4

 
$
2.4

 
$
1.0

 
$
7.8

____________________ 
(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 restructurings.
(3)
Primarily represents accelerated depreciation and impairment charges on long-lived assets, which were or are to be abandoned. To the extent incurred, the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations due to facility shutdowns are also included within the asset disposal charges, see Note 8.
Restructuring reserve rollforward
The following table shows a roll forward of restructuring reserves, continuing and discontinued, that will result in cash spending. These amounts exclude asset retirement obligations, which are discussed in Note 8.
(in Millions)
Balance at
12/31/13 (4)
 
Change in
reserves (2)
 
Cash
payments
 
Other (3)
 
Balance at
3/31/14 (4)
Health and Nutrition Restructuring
$
—

 
$
4.9

 
$
(1.2
)
 
$
—

 
$
3.7

Lithium Restructuring
0.3

 
0.1

 
(0.1
)
 
—

 
0.3

Other Workforce Related and Facility Shutdowns (1)
2.8

 
0.3

 
(0.6
)
 
—

 
2.5

Restructuring activities related to discontinued operations (5)
3.0

 
1.4

 
(1.6
)
 
—

 
2.8

Total
$
6.1

 
$
6.7

 
$
(3.5
)
 
$
—

 
$
9.3

____________________ 
(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. Any 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.
(5)
Cash spending associated with restructuring activities of discontinued operations is reported within Payments of other discontinued reserves, net of recoveries on the condensed consolidated statements of cash flows.
Schedule of other charges (income), net
 
Three Months Ended March 31
(in Millions)
2014
 
2013
Environmental charges, net
$
1.4

 
$
1.0

Other, net
—

 
0.5

Other charges (income), net
$
1.4

 
$
1.5