Restructuring Activities

For the year ended December 31, 2018, the Company incurred $47.8 million of restructuring charges and $13.9 million of other related costs. These were primarily a result of restructuring costs associated with the announcement on December 13, 2018 as part of the Company’s Reinvent SEE strategy, and the completion of our efforts to eliminate stranded costs.

In the first quarter of 2016, the Board of Directors agreed to consolidate the remaining activities of all restructuring programs to create a single program to be called the “Sealed Air Restructuring Program” or the “Program.”

The Program consists of previously existing restructuring programs and the new three-year restructuring program which is part of our Reinvent SEE strategy. The Company expects restructuring activities to be completed by the end of 2021.

The Board of Directors has approved restructuring spend as follows:



(in millions)	Total Restructuring Program Range				Cumulative Spend to Date			Remaining Restructuring Spend⁽²⁾
	Low		High					Low		High
Costs of reduction in headcount as a result of reorganization	$	385	$	405	$	(285	)	$	100	$	120
Other expenses associated with the Program	205		225		(137		)	68		88
Total expense	$	590	$	630	$	(422	)	$	168	$	208
Capital expenditures	250		255		(236		)	14		19
Total estimated cash cost⁽¹⁾	$	840	$	885	$	(658	)	$	182	$	227


⁽¹⁾	Total estimated cash cost excludes the impact of proceeds and foreign currency impact.


⁽²⁾	Remaining restructuring spend primarily consists of restructuring costs associated with the announcement on December 13, 2018 as part of the Company’s Reinvent SEE strategy, and the completion of our efforts to eliminate stranded costs.

The following table details our restructuring activities as reflected in the Consolidated Statements of Operations for the years ended December 31, 2018, 2017 and 2016:



	Year Ended December 31,
(In millions)	2018		2017		2016
Continuing operations:
Other associated costs⁽¹⁾	$	13.9	$	14.3	$	19.8
Restructuring charges	47.8		12.1		2.5
Total charges from continuing operations	61.7		26.4		22.3
Charges included in discontinued operations	—		2.4		18.6
Total charges	$	61.7	$	28.8	$	40.9
Capital expenditures	$	1.0	$	21.3	$	123.5


⁽¹⁾	Other associated costs excludes non-cash cost of $1.9 million for the year ended December 31, 2018 related to share based compensation expense.

The restructuring accrual, spending and other activity for the year ended December 31, 2018 and the accrual balance remaining at December 31, 2018 related to the Program were as follows:



(In millions)
Restructuring accrual at December 31, 2017	$	16.1
Accrual and accrual adjustments	47.8
Cash payments during 2018	(25.0		)
Effect of changes in foreign currency exchange rates	(1.4		)
Restructuring accrual at December 31, 2018	$	37.5

We expect to pay $33.5 million of the accrual balance remaining at December 31, 2018 within the next twelve months. This amount is included in accrued restructuring costs on the Consolidated Balance Sheets at December 31, 2018. The majority of the remaining accrual of $4.0 million is expected to be paid in 2020. This amount is included in other non-current liabilities on our Consolidated Balance Sheets at December 31, 2018.