Lexmark 2010 Annual Report Download - page 53

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included in Restructuring and related charges, and $15.5 million of related project costs are included in
Selling, general and administrative on the Company’s Consolidated Statements of Earnings.
For the year ended December 31, 2010, the Company incurred restructuring and related charges and
project costs related to the October 2009 Restructuring Plan of $27.0 million in ISS and $8.1 million in All
other.
Including the $63.5 million of charges incurred in 2009, the Company has incurred $98.6 million of total
charges for the October 2009 Restructuring Plan.
Impact to 2009 Financial Results
For the year ended December 31, 2009, the Company incurred charges of $63.5 million for the October
2009 Restructuring Plan as follows:
(Dollars in Millions)
October 2009
Restructuring-
related
Charges
(Note 5)
Project
Costs Total
Accelerated depreciation charges/project costs . . . . . . . . . . . . . $ 6.2 $0.9 $ 7.1
Employee termination benefit charges/project costs . . . . . . . . . 52.4 3.0 55.4
Contract termination and lease charges . . . . . . . . . . . . . . . . . . 1.0 — 1.0
Total restructuring-related charges/project costs . . . . . . . . . . . . $59.6 $3.9 $63.5
The Company incurred $7.1 million of accelerated depreciation charges and project costs in Cost of
revenue on the Consolidated Statements of Earnings. Employee termination benefit and contract
termination and lease charges of $53.4 million are included in Restructuring and related charges, and
$3.0 million of related project costs are included in Selling, general and administrative on the Company’s
Consolidated Statements of Earnings.
For the year ended December 31, 2009, the Company incurred restructuring and related charges and
project costs related to the October 2009 Restructuring Plan of $51.2 million in ISS and $12.3 million in All
other.
Refer to Note 5 of Notes to Consolidated Financial Statements for a rollforward of the liability incurred for
the October 2009 Restructuring Plan.
Other Restructuring Actions
General
Refer to Note 5 of Notes to Consolidated Financial Statements for a description of the Company’s Other
Restructuring Actions.
47