Lexmark 2011 Annual Report Download - page 104

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The Company expects to incur total charges related to the October 2009 Restructuring Plan of
approximately $56.3 million in ISS and approximately $13.7 million in All other.
Impact to 2011, 2010 and 2009 Financial Results
For the years ended December 31, 2011, 2010 and 2009, the Company incurred charges (reversals)
for the October 2009 Restructuring Plan as follows:
2011 2010 2009
Accelerated depreciation charges ..................................... $2.3 $3.5 $ 6.2
Employee termination benefit charges (reversals) ........................ (1.2) 1.5 52.4
Contract termination and lease charges (reversals) ....................... (0.1) 3.4 1.0
Total restructuring-related charges .................................... $1.0 $8.4 $59.6
For the year ended December 31, 2011, the Company incurred $2.3 million of accelerated depreciation
charges in Selling, general and administrative on the Consolidated Statements of Earnings. For the
years ended December 31, 2010 and 2009, accelerated depreciation charges of $1.7 million and $6.2
million, respectively, are included in Cost of revenue, and $1.8 million and zero, respectively, are
included in Selling, general and administrative on the Consolidated Statements of Earnings.
For the years ended December 31, 2011, 2010 and 2009, employee termination benefit charges
(reversals) and contract termination and lease charges (reversals) are included in Restructuring and
related charges on the Consolidated Statements of Earnings. Contract termination and lease charges
for the October 2009 Restructuring Plan and all of the other restructuring plans were recorded in
accordance with FASB guidance on accounting for costs associated with exit or disposal activities. The
$(1.3) million reversal for employee termination benefit and contract termination and lease charges in
2011 is due primarily to revisions in assumptions.
For the years ended December 31, 2011, 2010 and 2009, the Company incurred restructuring-related
charges in the Company’s segments as follows:
2011 2010 2009
ISS ............................................................... $0.9 $6.4 $47.9
All other ........................................................... 0.1 2.0 11.7
Total charges ....................................................... $1.0 $8.4 $59.6
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