Lexmark 2014 Annual Report Download - page 50

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Impact to 2013 Financial Results
For the year ended December 31, 2013, the Company incurred charges (reversals), including project costs, for the Company’s
restructuring plans as follows:
2012 2012 Other
Actions Actions Actions
Restructuring Restructuring 2012 Restructuring
Charges Project Actions Charges
(Dollars in millions) (Note 5) Costs Total (Note 5) Total
Accelerated depreciation charges $ 11.1 $ – $ 11.1 $ – $ 11.1
Excess components and other
inventory-related charges 15.8 – 15.8 – 15.8
Employee termination benefit
charges 9.2 – 9.2 1.9 11.1
Contract termination and lease
charges (0.2) – (0.2) – (0.2)
Project costs – 16.7 16.7 – 16.7
Total restructuring charges and
project costs $ 35.9 $ 16.7 $ 52.6 $ 1.9 $ 54.5
Restructuring charges and project costs for the 2012 Restructuring Actions and Other Restructuring Actions are recorded in the
Company’s Consolidated Statements of Earnings for the year ended December 31, 2013 as follows:
Selling, Restructuring Impact on
Restructuring- Impact on general and and related Operating
(Dollars in millions) related costs Gross profit administrative charges income
Accelerated depreciation charges $ 5.6 $ 5.6 $ 5.5 $ – $ 11.1
Excess components and other
inventory-related charges 15.8 15.8 – – 15.8
Employee termination benefit
charges – – – 11.1 11.1
Contract termination and lease
charges – – – (0.2) (0.2)
Project costs 0.1 0.1 16.6 – 16.7
Total restructuring charges and
project costs $ 21.5 $ 21.5 $ 22.1 $ 10.9 $ 54.5
For the year ended December 31, 2013, restructuring charges and project costs were incurred in the Company’s segments as follows:
(Dollars in millions) 2012 Actions Other Actions Total
ISS $ 29.7 $ – $ 29.7
All other 19.9 0.1 20.0
Perceptive Software 3.0 1.8 4.8
Total restructuring charges and project costs $ 52.6 $ 1.9 $ 54.5
46