RESTRUCTURING CHARGES (Tables)

12 Months Ended

Oct. 31, 2012

Reconciliation of Beginning and Ending Restructuring Reserve Balances

The following is a reconciliation of the beginning and ended restructuring reserve balances for the years ended October 31, 2012, 2011 and 2010 (Dollars in millions):


	Cash Charges						Non-cash Charges
	Employee Separation Costs			Other costs			Asset Impairments			Inventory Write-down		Total
Balance at October 31, 2010	$	12.7		$	7.6		$	—		$	—	$	20.3
Costs incurred and charged to expense		13.3			12.7			4.5			—		30.5
Costs paid or otherwise settled		(14.2	)		(12.7	)		(4.3	)		—		(31.2	)

Balance at October 31, 2011	$	11.8		$	7.6		$	0.2		$	—	$	19.6

Costs incurred and charged to expense		13.4			9.8			10.2			—		33.4
Costs paid or otherwise settled		(19.0	)		(15.6	)		(10.4	)		—		(45.0	)

Balance at October 31, 2012	$	6.2		$	1.8		$	—		$	—	$	8.0

Reconciliation of Total Amounts Expected to be Incurred from Open Restructuring Plans Anticipated to be Realized

The following is a reconciliation of the total amounts expected to be incurred from open restructuring plans which are anticipated to be realized in 2013 or plans that are being formulated and have not been announced as of the date of this From 10-K. Amounts expected to be incurred were $12.3 million as of October 31, 2012. The increase was due to the formulation of new plans by management (Dollars in millions):


	Amounts expected to be incurred		Amounts Incurred in 2012		Amounts remaining to be incurred
Rigid Industrial Packaging & Services:
Employee separation costs	$	16.6	$	11.5	$	5.1
Asset impairments		3.4		3.4		—
Other restructuring costs		13.7		7.2		6.5

		33.7		22.1		11.6

Flexible Products & Services:
Employee separation costs		2.2		1.9		0.3
Asset impairments		6.8		6.8		—
Other restructuring costs		3.0		2.6		0.4

		12.0		11.3		0.7

	$	45.7	$	33.4	$	12.3

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References+ Details