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Restructuring | 9 Months Ended
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Sep. 30, 2015
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring 2015 Repositioning Actions The Company initiated incremental restructuring activities and recorded pre-tax restructuring charges of $8.0 million in 2015 which includes $6.9 million of severance costs at selected facilities and $1.1 million of non-cash restructuring costs related to an asset write-down. The Company expects these actions to result in workforce reductions of approximately 125 employees, or about 1%, of the Company’s global workforce. The following table summarizes the restructuring charges by cost type and business segment:
(in millions) | Balance at December 31, 2014 |  | Expense |  | Utilization |  | Balance at September 30, 2015
Fluid Handling |  |  |  |  |  |  |
Severance | $ | — |  |  | $ | 6.3 |  |  | $ | (1.5 | ) |  | $ | 4.8 |
Other | — |  |  | — |  |  | — |  |  | — |
Total Fluid Handling | $ | — |  |  | $ | 6.3 |  |  | $ | (1.5 | ) |  | $ | 4.8 |
Aerospace & Electronics |  |  |  |  |  |  |
Severance | $ | — |  |  | $ | 0.6 |  |  | $ | (0.3 | ) |  | $ | 0.3 |
Other | — |  |  | — |  |  | — |  |  | — |
Total Aerospace & Electronics | $ | — |  |  | $ | 0.6 |  |  | $ | (0.3 | ) |  | $ | 0.3 |
Total Restructuring | $ | — |  |  | $ | 6.9 |  |  | $ | (1.8 | ) |  | $ | 5.1 |
The Company does not expect any further significant costs associated with these actions. 2014 Repositioning Actions The Company recorded pre-tax restructuring charges of $18.9 million in 2014, which included $18.7 million of severance and other cash-related restructuring costs and $0.2 million of non-cash restructuring costs related to asset write-downs. The $18.7 million of severance and other cash-related restructuring costs included $4.6 million related to the consolidation of a facility in the United Kingdom in the Fluid Handling segment, $7.8 million primarily related to the consolidation of a facility in Europe in the Fluid Handling segment and $6.3 million associated with certain facility consolidation activities in the Aerospace & Electronics segment. The Company expects these repositioning actions to result in workforce reductions of approximately 320 employees, or about 3% of the Company’s global workforce. During the nine months ended September 30, 2015, the Company recorded pre-tax restructuring charges of $0.4 million which included $0.6 million related to severance costs and $0.2 million of a net restructuring gain driven by the sale of assets related to a consolidated facility. The following table summarizes the accrual balances related to these cash-related restructuring charges:
(in millions) | Balance at December 31, 2014 |  | Expense |  | Utilization |  | Balance at September 30, 2015
Fluid Handling |  |  |  |  |  |  |
Severance | $ | 10.7 |  |  | $ | — |  |  | $ | (8.9 | ) |  | $ | 1.8 |
Other | — |  |  | — |  |  | — |  |  | — |
Total Fluid Handling | $ | 10.7 |  |  | $ | — |  |  | $ | (8.9 | ) |  | $ | 1.8 |
Aerospace & Electronics |  |  |  |  |  |  |
Severance | $ | 1.9 |  |  | $ | 0.1 |  |  | $ | (1.8 | ) |  | $ | 0.2 |
Other | 0.5 |  |  | 0.5 |  |  | — |  |  | 1.0 |
Total Aerospace & Electronics | $ | 2.4 |  |  | $ | 0.6 |  |  | $ | (1.8 | ) |  | $ | 1.2 |
Total Restructuring | $ | 13.1 |  |  | $ | 0.6 |  |  | $ | (10.7 | ) |  | $ | 3.0 |
Related to the 2014 repositioning actions, in 2014, the Company recorded $2.6 million and $1.2 million for additional costs incurred as a direct result of the facility consolidations within the Fluid Handling segment and Aerospace & Electronics segments, respectively. During the nine months ended September 30, 2015, the Company recorded $2.8 million and $0.4 million within the Fluid Handling segment and Aerospace & Electronics segments, respectively. The Company does not expect any further significant costs associated with these actions. Acquisition-Related Restructuring In 2014, the Company recorded pre-tax restructuring charges of $10.3 million, which included $10.2 million of severance and other cash-related restructuring costs and $0.1 million of non-cash restructuring costs related to asset write-downs related to the December 2013 acquisition of MEI in the Company's Payment & Merchandising Technologies segment. The Company expects these 2014 actions to result in workforce reductions of approximately 240 employees, or less than 2% of the Company’s global workforce. During the nine months ended September 30, 2015, the Company recorded pre-tax restructuring charges of $0.3 million which included $4.7 million of severance and other cash-related costs and a non-cash pension curtailment gain of $4.4 million. See additional discussion in Notes 5 and 9. The following table summarizes the accrual balances related to these cash-related restructuring charges:
(in millions) | Balance at December 31, 2014 |  | Expense |  | Utilization |  | Balance at September 30, 2015
Payment & Merchandising Technologies |  |  |  |  |  |  |
Severance | $ | 7.0 |  |  | $ | 4.5 |  |  | $ | (3.3 | ) |  | $ | 8.2 |
Other | — |  |  | 0.2 |  |  | (0.2 | ) |  | — |
Total Restructuring | $ | 7.0 |  |  | $ | 4.7 |  |  | $ | (3.5 | ) |  | $ | 8.2 |
The Company does not expect any further significant costs associated with these actions.

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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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