Rayovac 2008 Annual Report Download - page 47

Table of Contents
Index to Financial Statements
The following table summarizes all restructuring and related charges we incurred in 2008 and 2007 (in millions):
2008 2007
Costs included in cost of goods sold:
Breitenbach, France facility closure:
Termination benefits $ — $ —
Other associated costs — 0.5
United & Tetra integration:
Termination benefits — 0.2
Other associated costs 0.3 13.0
European initiatives:
Termination benefits (0.8) 7.5
Other associated costs 0.1 0.3
Latin America initiatives:
Termination benefits — 0.7
Other associated costs 0.3 9.8
Global Realignment initiatives:
Termination benefits 0.1 (0.7)
Other associated costs 0.1 —
Ningbo Exit Plan:
Termination benefits 1.2 —
Other associated costs 15.2 —
Total included in cost of goods sold $ 16.5 $ 31.3
Costs included in operating expenses:
United & Tetra integration:
Termination benefits $ 2.0 $ 1.1
Other associated costs 0.9 12.8
European initiatives:
Termination benefits — (1.3)
Latin America initiatives:
Termination benefits 0.1 0.4
Global Realignment:
Termination benefits 12.3 48.7
Other associated costs 7.5 5.0
Total included in operating expenses $ 22.8 $ 66.7
Total restructuring and related charges $ 39.3 $ 98.0
During our fiscal year ended September 30, 2005 (“Fiscal 2005”), we announced the closure of a zinc carbon manufacturing facility in Breitenbach, France
within Global Batteries and Personal Care. We recorded no pretax restructuring and related charges during the Fiscal 2008, and approximately $1 million in
Fiscal 2007, in connection with this closure. The costs associated with the initiative are complete and totaled approximately $11 million.
In connection with the acquisitions of United and Tetra in Fiscal 2005, we implemented a series of initiatives to optimize the global resources of the
combined companies. These initiatives included: integrating all of United’s home and garden administrative services, sales and customer service functions into
our operations in Madison, Wisconsin; converting all information systems to SAP; consolidating United’s home and garden manufacturing and distribution
locations in North America; rationalizing the North America supply chain; and consolidating administrative, manufacturing and distribution facilities at our
Global Pet Supplies business. In addition, certain corporate functions were shifted to our global headquarters in Atlanta, Georgia. Effective
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Source: Spectrum Brands, Inc, 10-K, December 10, 2008