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Restructuring Costs | 12 Months Ended
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Dec. 31, 2011
Restructuring Cost and Reserve [Line Items] |
Restructuring Costs | Restructuring Costs Project Renewal In October 2011, the Company announced Project Renewal, a program designed to reduce the complexity of the organization and increase investment in growth platforms within the business. In connection with the program, the Company will consolidate three operating groups into two and 13 global business units into nine. In addition, the consolidation of a limited number of manufacturing facilities and distribution centers will be implemented as part of the program, with the goal of increasing operational efficiency, reducing costs and improving gross margin. The Company expects to record pretax restructuring charges of $90 to $100 million for Project Renewal, of which $75 to $90 million are expected to be cash costs. Project Renewal is expected to complete by the end of 2012. The following table depicts the restructuring charges incurred in connection with Project Renewal for the year ended December 31, (in millions):
| 2011
Facility and other exit costs, including impairments | $ | 8.4 |
Employee severance, termination benefits and relocation costs | 18.3 |
Exited contractual commitments and other | 4.5 |
| $ | 31.2 |
Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management, are periodically updated for changes and also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for Project Renewal for 2011 (in millions):
| December 31, 2010 |  |  |  |  |  | December 31, 2011
| Balance |  | Provision |  | Costs Incurred |  | Balance
Facility and other exit costs, including impairments | $ | — |  |  | $ | 8.4 |  |  | $ | (8.4 | ) |  | $ | — |
Employee severance, termination benefits and relocation costs | — |  |  | 18.3 |  |  | (7.1 | ) |  | 11.2 |
Exited contractual commitments and other | — |  |  | 4.5 |  |  | — |  |  | 4.5 |
| $ | — |  |  | $ | 31.2 |  |  | $ | (15.5 | ) |  | $ | 15.7 |
The following table depicts the activity in accrued restructuring reserves for Project Renewal for 2011 aggregated by reportable business segment (in millions):
| December 31, 2010 |  |  |  |  |  | December 31, 2011
Segment | Balance |  | Provision |  | Costs Incurred |  | Balance
Home & Family | $ | — |  |  | $ | 10.6 |  |  | $ | (1.0 | ) |  | $ | 9.6 |
Office Products | — |  |  | 4.4 |  |  | (1.6 | ) |  | 2.8 |
Tools, Hardware & Commercial Products | — |  |  | 0.8 |  |  | (0.3 | ) |  | 0.5 |
Corporate | — |  |  | 15.4 |  |  | (12.6 | ) |  | 2.8 |
| $ | — |  |  | $ | 31.2 |  |  | $ | (15.5 | ) |  | $ | 15.7 |
European Transformation Plan In June 2010, the Company announced a program to simplify and centralize its European business (the “European Transformation Plan”). The European Transformation Plan includes initiatives designed to transform the European organizational structure and processes to centralize certain operating activities, improve performance, leverage the benefits of scale, and to contribute to a more efficient and cost-effective implementation of an enterprise resource planning program in Europe, all with the aim of increasing operating margin in the European region to at least 10%. The European Transformation Plan is expected to be completed in 2012 and is expected to result in cumulative restructuring charges totaling between $40 and $45 million, substantially all of which are employee-related cash costs, including severance, retirement, and other termination benefits and relocation costs. The Company expects the European Transformation Plan to be complete by December 31, 2012. Restructuring charges incurred in connection with the European Transformation Plan are reported in the Company's Corporate segment and were $18.9 million in 2011, while restructuring charges incurred during 2010 were not material. Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management, are periodically updated for changes and also include amounts recognized as incurred. The following table depicts the activity in accrued restructuring reserves for the European Transformation Plan for 2011 (in millions):
| December 31, 2010 |  |  |  |  |  | December 31, 2011
| Balance |  | Provision |  | Costs Incurred |  | Balance
Employee severance, termination benefits and relocation costs | $ | — |  |  | $ | 14.9 |  |  | $ | (8.9 | ) |  | $ | 6.0 |
Exited contractual commitments and other | — |  |  | 4.0 |  |  | (1.9 | ) |  | 2.1 |
| $ | — |  |  | $ | 18.9 |  |  | $ | (10.8 | ) |  | $ | 8.1 |
Project Acceleration In 2010, the Company completed a global initiative referred to as Project Acceleration aimed at strengthening and transforming the Company’s portfolio. Project Acceleration was designed to reduce manufacturing overhead, better align the Company’s distribution and transportation processes to achieve logistical excellence, and reorganize the Company’s overall business structure to align with the Company’s core organizing concept, the global business unit, to achieve best total cost. In July 2008, the Company expanded Project Acceleration to include initiatives to exit certain product categories to create a more focused and more profitable platform for growth by eliminating selected low-margin, commodity-like, mostly resin-intensive product categories and reduce the Company’s exposure to volatile commodity markets, particularly resin. The implementation of Project Acceleration was complete as of December 31, 2010, with cumulative restructuring costs over the life of the initiative totaling $498.4 million. The table below summarizes the restructuring costs recognized for Project Acceleration restructuring activities for the periods indicated (in millions):
| 2010 |  | 2009 |  | Since Inception Through December 31, 2010
Facility and other exit costs, including impairments | $ | 6.0 |  |  | $ | 32.4 |  |  | $ | 178.4 |
Employee severance, termination benefits and relocation costs | 53.5 |  |  | 48.8 |  |  | 241.0 |
Exited contractual commitments and other | 17.9 |  |  | 18.8 |  |  | 79.0 |
| $ | 77.4 |  |  | $ | 100.0 |  |  | $ | 498.4 |
Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management, are periodically updated for changes and also include amounts recognized as incurred. Costs incurred include cash payments and the impairment of assets associated with vacated facilities. Impairments included in restructuring charges totaled $6.0 million and $32.4 million for 2010 and 2009, respectively. The impaired assets include vacated land and buildings, land and buildings for which a plan exists to vacate and dispose of the facility, and machinery and equipment to be sold or otherwise disposed of prior to the end of its original estimated useful life. The impairments primarily result from the consolidation of manufacturing activities as well as the increased use of sourcing partners. A summary of activity in accrued restructuring reserves for continuing operations for 2011 and 2010 is as follows (in millions):
| December 31, 2010 |  |  |  |  |  | December 31, 2011
| Balance |  | Provision |  | Costs Incurred |  | Balance
Facility and other exit costs, including impairments | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Employee severance, termination benefits and relocation costs | 22.2 |  |  | — |  |  | (18.9 | ) |  | 3.3 |
Exited contractual commitments and other | 11.3 |  |  | — |  |  | (5.4 | ) |  | 5.9 |
| $ | 33.5 |  |  | $ | — |  |  | $ | (24.3 | ) |  | $ | 9.2 |
| December 31, 2009 |  |  |  |  |  | December 31, 2010
| Balance |  | Provision |  | Costs Incurred |  | Balance
Facility and other exit costs, including impairments | $ | — |  |  | $ | 6.0 |  |  | $ | (6.0 | ) |  | $ | — |
Employee severance, termination benefits and relocation costs | 23.3 |  |  | 53.5 |  |  | (54.6 | ) |  | 22.2 |
Exited contractual commitments and other | 11.8 |  |  | 17.9 |  |  | (18.4 | ) |  | 11.3 |
| $ | 35.1 |  |  | $ | 77.4 |  |  | $ | (79.0 | ) |  | $ | 33.5 |
The table below shows restructuring costs recognized for Project Acceleration aggregated by reportable business segment for the years ended December 31, (in millions):
Segment | 2011 |  | 2010 |  | 2009 |  | Since inception through December 31, 2010
Home & Family | $ | — |  |  | $ | 13.7 |  |  | $ | 24.0 |  |  | $ | 144.8 |
Office Products | — |  |  | 24.2 |  |  | 34.8 |  |  | 186.9 |
Tools, Hardware & Commercial Products | — |  |  | 9.4 |  |  | 16.6 |  |  | 88.4 |
Corporate | — |  |  | 30.1 |  |  | 24.6 |  |  | 78.3 |
| $ | — |  |  | $ | 77.4 |  |  | $ | 100.0 |  |  | $ | 498.4 |
The following table depicts the activity in accrued restructuring reserves for 2011 and 2010 aggregated by reportable business segment (in millions):
| December 31, 2010 |  |  |  |  |  | December 31, 2011
Segment | Balance |  | Provision |  | Costs Incurred |  | Balance
Home & Family | $ | 4.0 |  |  | $ | — |  |  | $ | (4.0 | ) |  | $ | — |
Office Products | 11.1 |  |  | — |  |  | (8.4 | ) |  | 2.7 |
Tools, Hardware & Commercial Products | 4.8 |  |  | — |  |  | (1.1 | ) |  | 3.7 |
Corporate | 13.6 |  |  | — |  |  | (10.8 | ) |  | 2.8 |
| $ | 33.5 |  |  | $ | — |  |  | $ | (24.3 | ) |  | $ | 9.2 |
| December 31, 2009 |  |  |  |  |  | December 31, 2010
Segment | Balance |  | Provision |  | Costs Incurred |  | Balance
Home & Family | $ | 8.0 |  |  | $ | 13.7 |  |  | $ | (17.7 | ) |  | $ | 4.0 |
Office Products | 15.7 |  |  | 24.2 |  |  | (28.8 | ) |  | 11.1 |
Tools, Hardware & Commercial Products | 3.9 |  |  | 9.4 |  |  | (8.5 | ) |  | 4.8 |
Corporate | 7.5 |  |  | 30.1 |  |  | (24.0 | ) |  | 13.6 |
| $ | 35.1 |  |  | $ | 77.4 |  |  | $ | (79.0 | ) |  | $ | 33.5 |
The table below shows restructuring costs recognized for all restructuring activities for the periods indicated, aggregated by reportable business segment (in millions):
Segment | 2011 |  | 2010 |  | 2009
Home & Family | $ | 10.6 |  |  | $ | 13.7 |  |  | $ | 24.0 |
Office Products | 4.4 |  |  | 24.2 |  |  | 34.8 |
Tools, Hardware & Commercial Products | 0.8 |  |  | 9.4 |  |  | 16.6 |
Corporate | 34.3 |  |  | 30.1 |  |  | 24.6 |
| $ | 50.1 |  |  | $ | 77.4 |  |  | $ | 100.0 |
Cash paid for all restructuring activities was $39.5 million, $72.8 million and $84.0 million for 2011, 2010 and 2009, respectively.

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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=6394695&loc=d3e140904-122747 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: 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=6394695&loc=d3e140864-122747 + Details
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