Lexmark 2014 Annual Report Download - page 51

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Impact to 2012 Financial Results
For the year ended December 31, 2012, the Company incurred charges (reversals), including project costs, for the Company’s
restructuring plans as follows:
2012
2012 Actions 2012 Other
Actions Restructuring Actions Actions Other
Restructuring Pension Restructuring 2012 Restructuring Actions Other
Charges Costs Project Actions Charges Restructuring Actions
(Dollars in millions) (Note 5) (Note 17) Costs Total (Note 5) Project Costs Total Total
Accelerated depreciation
charges $ 49.3 $ – $ – $ 49.3 $ 0.1 $ – $ 0.1 $ 49.4
Excess components and other
inventory-related charges 17.7 – – 17.7 – – – 17.7
Impairments on long-lived
assets held for sale 0.6 – – 0.6 1.5 – 1.5 2.1
Employee termination benefit
charges 31.1 – – 31.1 (0.1) – (0.1) 31.0
Contract termination and lease
charges 4.2 – – 4.2 0.9 – 0.9 5.1
Pension and postretirement
curtailment loss and termination
benefits – 7.9 – 7.9 – – – 7.9
Project costs – – 8.3 8.3 – 0.3 0.3 8.6
Total restructuring charges and
project costs $ 102.9 $ 7.9 $ 8.3 $ 119.1 $ 2.4 $ 0.3 $ 2.7 $ 121.8
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, 2012 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 $ 29.5 $ 29.5 $ 19.9 $ – $ 49.4
Excess components and other
inventory-related charges 17.7 17.7 – – 17.7
Impairments on long-lived assets
held for sale 0.6 0.6 1.5 – 2.1
Employee termination benefit
charges – – – 31.0 31.0
Contract termination and lease
charges – – – 5.1 5.1
Pension and postretirement
curtailment loss and termination
benefits – – 7.9 – 7.9
Project costs – – 8.6 – 8.6
Total restructuring charges and
project costs $ 47.8 $ 47.8 $ 37.9 $ 36.1 $ 121.8
47