Estee Lauder 2013 Annual Report Download - page 155

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THE EST{E LAUDER COMPANIES INC. 153
Restructuring Charges
The following table presents aggregate restructuring charges related to the Program to date:
Employee-Related Asset Contract
Costs Write-offs Terminations Other Exit Costs Total
(In millions)
Fiscal 2009 $ 60.9 $ 4.2 $ 3.4 $ 1.8 $ 70.3
Fiscal 2010 29.3 11.0 2.3 6.2 48.8
Fiscal 2011 34.6 2.4 3.0 1.1 41.1
Fiscal 2012 37.1 1.7 12.6 2.2 53.6
Fiscal 2013 7.7 2.1 1.5 3.3 14.6
Charges recorded through
June 30, 2013 $169.6 $21.4 $22.8 $14.6 $228.4
The following table presents accrued restructuring charges and the related activities under the Program to date:
Employee-Related Asset Contract
Costs Write-offs Terminations Other Exit Costs Total
(In millions)
Charges $ 60.9 $ 4.2 $ 3.4 $ 1.8 $ 70.3
Cash payments (7.5) — (0.5) (1.6) (9.6)
Non-cash write-offs — (4.2) — — (4.2)
Translation adjustments 0.6 — — — 0.6
Other adjustments (2.4) — — — (2.4)
Balance at June 30, 2009 51.6 — 2.9 0.2 54.7
Charges 29.3 11.0 2.3 6.2 48.8
Cash payments (49.5) — (5.1) (6.0) (60.6)
Non-cash write-offs — (11.0) — — (11.0)
Translation adjustments (0.8) — — — (0.8)
Balance at June 30, 2010 30.6 — 0.1 0.4 31.1
Charges 34.6 2.4 3.0 1.1 41.1
Cash payments (30.6) — (2.4) (1.4) (34.4)
Non-cash write-offs — (2.4) — — (2.4)
Translation adjustments 1.2 — (0.1) 0.1 1.2
Balance at June 30, 2011 35.8 — 0.6 0.2 36.6
Charges 37.1 1.7 12.6 2.2 53.6
Cash payments (23.6) — (12.4) (2.0) (38.0)
Non-cash write-offs — (1.7) — — (1.7)
Translation adjustments (1.4) — — 0.1 (1.3)
Balance at June 30, 2012 47.9 — 0.8 0.5 49.2
Charges 7.7 2.1 1.5 3.3 14.6
Cash payments (26.0) — (2.1) (3.1) (31.2)
Non-cash write-offs — (2.1) — — (2.1)
Translation adjustments 0.2 — — — 0.2
Other adjustments (2.3) — — — (2.3)
Balance at June 30, 2013 $ 27.5 $ — $ 0.2 $ 0.7 $ 28.4
Accrued restructuring charges at June 30, 2013 are expected to result in cash expenditures funded from cash provided
by operations of approximately $23 million in fiscal 2014 and $5 million in fiscal 2015.