Rayovac 2009 Annual Report Download - page 57

Table of Contents
Index to Financial Statements
The following table summarizes all restructuring and related charges we incurred in 2009 and 2008 (in millions):
2009 2008
Costs included in cost of goods sold:
United & Tetra integration:
Other associated costs — 0.3
European initiatives:
Termination benefits — (0.8)
Other associated costs — 0.1
Latin America initiatives:
Termination benefits 0.2 —
Other associated costs — 0.3
Global Realignment initiatives:
Termination benefits 0.3 0.1
Other associated costs 0.9 0.1
Ningbo Exit Plan:
Termination benefits 0.9 1.2
Other associated costs 8.6 15.2
Global Cost Reduction Initiatives:
Termination benefits 0.2 —
Other associated costs 2.3 —
Total included in cost of goods sold $13.4 $16.5
Costs included in operating expenses:
United & Tetra integration:
Termination benefits $ 2.3 $ 2.0
Other associated costs 0.3 0.9
Latin America initiatives:
Termination benefits — 0.1
Global Realignment:
Termination benefits 7.1 12.3
Other associated costs 3.5 7.5
Ningbo Exit Plan:
Other associated costs 1.3 —
Global Cost Reduction Initiatives:
Termination benefits 6.6 —
Other associated costs 11.3 —
Total included in operating expenses $32.4 $22.8
Total restructuring and related charges $45.8 $39.3
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. We have
recorded approximately $(1) million of restructuring and related charges during Fiscal 2009, to adjust prior estimates and eliminate the accrual, and no
charges during Fiscal 2008.
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