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46
For the year ended December 31, 2015, restructuring charges and project costs were incurred in the Company’s segments as follows:
(Dollars in millions)
2016 Actions
2015 Actions
Other Actions
Total
ISS
$
40.4
$
11.8
$
1.8
$
54.0
All other
–
3.8
9.0
12.8
Enterprise Software
–
20.9
0.5
21.4
Total restructuring charges and project costs
$
40.4
$
36.5
$
11.3
$
88.2
Impact to 2014 Financial Results
For the year ended December 31, 2014, the Company incurred charges, including project costs, for the Company’s restructuring plans
as follows:
Other
Other
Actions
Actions
Restructuring
Restructuring
Charges
Project
(Dollars in millions)
(Note 5)
Costs
Total
Accelerated depreciation charges
$
4.0
$
–
$
4.0
Excess components and other inventory-related charges
7.6
–
7.6
Employee termination benefit charges
14.2
–
14.2
Contract termination and lease charges
3.7
–
3.7
Project costs
–
16.3
16.3
Total restructuring charges and project costs
$
29.5
$
16.3
$
45.8
Restructuring charges and project costs for all restructuring actions are recorded in the Company’s Consolidated Statements of
Earnings for the year ended December 31, 2014 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
$
1.7
$
1.7
$
2.3
$
–
$
4.0
Excess components and other inventory-
related charges
7.6
7.6
–
–
7.6
Employee termination benefit charges
–
–
–
14.2
14.2
Contract termination and lease charges
–
–
–
3.7
3.7
Project costs
–
–
16.3
–
16.3
Total restructuring charges and project
costs
$
9.3
$
9.3
$
18.6
$
17.9
$
45.8
For the year ended December 31, 2014, restructuring charges and project costs were incurred in the Company’s segments as follows:
(Dollars in millions)
Other Actions
ISS
$
15.9
All other
18.6
Enterprise Software
11.3
Total restructuring charges and project costs
$
45.8