v2.4.0.8
Restructuring Costs
 3 Months Ended
Mar. 31, 2014
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. Project Renewal is designed to simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. In connection with the program, the Company eliminated its operating groups and consolidated its 13 global business units into five business segments. In addition, the Company is consolidating certain manufacturing facilities and distribution centers as part of the program, with the goal of increasing operational efficiency, reducing costs and improving gross margin. Cumulative pretax costs of Project Renewal are expected to be $340 to $375 million, of which $300 to $340 million are cash costs. Approximately 75% of the total cash costs are expected to be employee-related cash costs, including severance, retirement, and other termination benefits and costs. Project Renewal is expected to be complete by mid-2015.
The following table depicts the restructuring charges incurred in connection with Project Renewal (in millions):
 
Three Months Ended March 31,
 
Since Inception Through
 
2014
 
2013
 
March 31, 2014
Facility and other exit costs, including impairments
$
1.2

 
$
—

 
$
14.6

Employee severance, termination benefits and relocation costs
10.9

 
30.6

 
151.8

Exited contractual commitments and other
1.4

 
8.2

 
29.3

 
$
13.5

 
$
38.8

 
$
195.7

Restructuring costs-continuing operations
$
13.5

 
$
38.0

 
$
189.5

Restructuring costs-discontinued operations
$
—

 
$
0.8

 
$
6.2


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 the three months ended March 31, 2014 (in millions):
 
 
December 31, 2013
 
 
 
 
 
March 31, 2014
 
 
Balance
 
Provision
 
Costs Incurred  
 
Balance
Facility and other exit costs, including impairments
 
$
—

 
$
1.2

 
$
(1.2
)
 
$
—

Employee severance, termination benefits and relocation costs
 
60.3

 
10.9

 
(27.5
)
 
43.7

Exited contractual commitments and other
 
7.1

 
1.4

 
(2.3
)
 
6.2

 
 
$
67.4

 
$
13.5

 
$
(31.0
)
 
$
49.9


The following table depicts the activity in accrued restructuring reserves for Project Renewal for the three months ended March 31, 2014 aggregated by reportable business segment (in millions):
 
 
December 31, 2013
 
 
 
 
 
March 31, 2014
Segment
 
Balance
 
Provision
 
Costs Incurred
 
Balance
Writing
 
$
25.8

 
$
0.9

 
$
(4.3
)
 
$
22.4

Home Solutions
 
0.7

 
0.4

 
(0.9
)
 
0.2

Tools
 
0.3

 
0.9

 
(1.1
)
 
0.1

Commercial Products
 
6.8

 
3.1

 
(2.1
)
 
7.8

Baby & Parenting
 
1.4

 
0.3

 
(0.9
)
 
0.8

Corporate
 
32.4

 
7.9

 
(21.7
)
 
18.6

 
 
$
67.4

 
$
13.5

 
$
(31.0
)
 
$
49.9


The table below shows restructuring costs recognized for all restructuring activities in continuing operations for the periods indicated, aggregated by reportable business segment (in millions):
 
 
Three Months Ended
 
 
March 31,
Segment
 
2014
 
2013
Writing
 
$
0.9

 
$
2.6

Home Solutions
 
0.4

 
2.4

Tools
 
0.9

 
1.4

Commercial Products
 
3.1

 
1.0

Baby & Parenting
 
0.3

 
0.3

Corporate(1)
 
6.4

 
26.7

 
 
$
12.0

 
$
34.4


(1) Includes adjustments of $1.5 million and $3.6 million relating to previous restructuring projects that had the impact of decreasing restructuring costs for the three months ended March 31, 2014 and 2013, respectively.
Cash paid for all restructuring activities was $30.8 million and $16.9 million for the three months ended March 31, 2014 and 2013, respectively.