Brunswick Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activities (Tables)

Restructuring Activities (Tables)

3 Months Ended

Mar. 31, 2012

Restructuring Cost and Reserve [Line Items]

Summary of the expense associated with restructuring, exit and impairment activities

The following table is a summary of the expense associated with the restructuring, exit and impairment activities for the three months ended March 31, 2012 and April 2, 2011. The 2012 charges consist of expenses related to actions initiated in 2010, 2009 and 2008. The 2011 charges consist of expenses related to actions initiated in 2011, 2010, 2009 and 2008:



	Three Months Ended
(in millions)	March 31, 2012			April 2, 2011
Restructuring activities:
Employee termination and other benefits	$	(0.3	)	$	1.2
Transformation and other costs:
Consolidation of manufacturing footprint	1.8			3.9
Exit activities:
Transformation and other costs:
Consolidation of manufacturing footprint	—			0.6
Asset disposition actions:
Definite-lived asset impairments and (gains) on disposal	(1.3		)	(0.4		)
Total restructuring, exit and impairment charges	$	0.2		$	5.3

Actions initiated in 2011 and 2010 [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of restructuring, exit and impairment charges by reportable segment

The restructuring, exit and impairment charges recorded in the three months ended March 31, 2012 and April 2, 2011, related to actions initiated in 2011 and 2010, by reportable segment, are summarized below:



	Three Months Ended
(in millions)	March 31, 2012			April 2, 2011
Boat	$	(0.2	)	$	1.4
Corporate	—			0.1
Total	$	(0.2	)	$	1.5

Summary of the expense associated with restructuring, exit and impairment activities

The following is a summary of the charges by category associated with the Company’s 2011 and 2010 restructuring initiatives:



	Three Months Ended
(in millions)	March 31, 2012			April 2, 2011
Restructuring activities:
Employee termination and other benefits	$	—		$	0.2
Transformation and other costs:
Consolidation of manufacturing footprint	0.1			0.7
Exit activities:
Transformation and other costs:
Consolidation of manufacturing footprint	(0.3		)	0.6
Total restructuring, exit and impairment charges	$	(0.2	)	$	1.5

Schedule of restructuring, exit and impairment charges by type of cost and reportable segment

The restructuring charges related to actions initiated in 2011 and 2010, by reportable segment, for the three months ended March 31, 2012, are summarized below:



(in millions)	Boat			Total
Transformation and other costs	$	(0.2	)	$	(0.2	)
Total restructuring, exit and impairment charges	$	(0.2	)	$	(0.2	)

The restructuring charges related to actions initiated in 2011 and 2010, by reportable segment, for the three months ended April 2, 2011, are summarized below:



(in millions)	Boat		Corporate		Total
Employee termination and other benefits	$	0.1	$	0.1	$	0.2
Transformation and other costs	1.3		—		1.3
Total restructuring, exit and impairment charges	$	1.4	$	0.1	$	1.5

Schedule of changes in restructuring reserve

The following table summarizes the activity for restructuring, exit and impairment charges related to actions initiated in 2011 and 2010 during the three months ended March 31, 2012. The accrued amounts as of March 31, 2012 represent cash expenditures needed to satisfy remaining obligations. The majority of the accrued costs is expected to be paid by the end of 2012 and is included in Accrued expenses in the Condensed Consolidated Balance Sheets.



(in millions)	Accrued Costs as of Jan. 1, 2012		Gains Recognized in 2012			Non-cash Gains (Charges)		Net Cash Payments			Accrued Costs as of March 31, 2012
Employee termination and other benefits	$	0.8	$	—		$	—	$	(0.6	)	$	0.2
Transformation and other costs:
Consolidation of manufacturing footprint	0.7		(0.2		)	0.3		(0.1		)	0.7
Retention and relocation costs	0.2		—			—		(0.1		)	0.1
Total restructuring, exit and impairment charges	$	1.7	$	(0.2	)	$	0.3	$	(0.8	)	$	1.0

Actions initiated in 2009 and 2008 [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of restructuring, exit and impairment charges by reportable segment

The restructuring, exit and impairment charges recorded in the three months ended March 31, 2012 and April 2, 2011, related to actions initiated in 2009 and 2008, by reportable segment, are summarized below:



	Three Months Ended
(in millions)	March 31, 2012			April 2, 2011
Marine Engine	$	1.7		$	4.3
Boat	(1.3		)	(0.4		)
Corporate	—			(0.1		)
Total	$	0.4		$	3.8

Summary of the expense associated with restructuring, exit and impairment activities

The following is a summary of the charges by category associated with the 2009 and 2008 restructuring activities recognized during the three months ended March 31, 2012 and April 2, 2011:



	Three Months Ended
(in millions)	March 31, 2012			April 2, 2011
Restructuring activities:
Employee termination and other benefits	$	(0.3	)	$	1.0
Transformation and other costs:
Consolidation of manufacturing footprint	2.0			3.2
Asset disposition actions:
Definite-lived asset impairments and (gains) on disposal	(1.3		)	(0.4		)
Total restructuring, exit and impairment charges	$	0.4		$	3.8

Schedule of restructuring, exit and impairment charges by type of cost and reportable segment

The restructuring charges related to actions initiated in 2009 and 2008, by reportable segment, for the three months ended March 31, 2012, are summarized below:



(in millions)	Marine Engine			Boat			Total
Employee termination and other benefits	$	(0.3	)	$	—		$	(0.3	)
Transformation and other costs	2.0			—			2.0
Asset disposition actions	—			(1.3		)	(1.3		)
Total restructuring, exit and impairment charges	$	1.7		$	(1.3	)	$	0.4

The restructuring charges related to actions initiated in 2009 and 2008, by reportable segment, for the three months ended April 2, 2011, are summarized below:



(in millions)	Marine Engine		Boat			Corporate			Total
Employee termination and other benefits	$	1.0	$	—		$	—		$	1.0
Transformation and other costs	3.3		—			(0.1		)	3.2
Asset disposition actions	—		(0.4		)	—			(0.4		)
Total restructuring, exit and impairment charges	$	4.3	$	(0.4	)	$	(0.1	)	$	3.8

Schedule of changes in restructuring reserve

The following table summarizes the activity for restructuring, exit and impairment charges related to actions initiated in 2009 and 2008 during the three months ended March 31, 2012. The accrued amounts as of March 31, 2012 represent cash expenditures needed to satisfy remaining obligations. The majority of the accrued costs is expected to be paid by the end of 2012 and is included in Accrued expenses in the Condensed Consolidated Balance Sheets.



(in millions)	Accrued Costs as of Jan. 1, 2012		Costs/(Gains) Recognized in 2012			Non-cash Charges		Net Cash Payments			Accrued Costs as of March 31, 2012
Employee termination and other benefits	$	9.3	$	(0.3	)	$	—	$	(3.4	)	$	5.6
Transformation and other costs:
Consolidation of manufacturing footprint	2.4		2.0			—		(2.1		)	2.3
Asset disposition actions:
Definite-lived asset impairments and (gains) on disposal	—		(1.3		)	1.3		—			—
Total restructuring, exit and impairment charges	$	11.7	$	0.4		$	1.3	$	(5.5	)	$	7.9

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References + Details

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References + Details