Restructuring Activities

9 Months Ended

Sep. 30, 2019

Restructuring and Related Activities [Abstract]

For the three and nine months ended September 30, 2019, the Company incurred $6.9 million and $43.6 million, respectively, of restructuring charges and $12.8 million and $50.8 million, respectively, of other related costs. These were primarily a result of restructuring costs associated with the Company’s Reinvent SEE strategy.

Our Restructuring 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 cumulative restructuring spend of $840 to $885 million. Restructuring spend is estimated to be incurred as follows:



(in millions)	Total Restructuring Program Range				Less Cumulative Spend to Date			Remaining Restructuring Spend⁽²⁾
	Low		High					Low		High
Costs of reduction in headcount as a result of reorganization	$	355	$	370	$	(329	)	$	26	$	41
Other expenses associated with the Program	230		245		(187		)	43		58
Total expense	585		615		(516		)	69		99
Capital expenditures	255		270		(238		)	17		32
Total estimated cash cost⁽¹⁾	$	840	$	885	$	(754	)	$	86	$	131


⁽¹⁾	Total estimated cash cost excludes the impact of foreign currency and non-cash depreciation and amortization charges.


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

The following table details our restructuring activities reflected in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2019 and 2018:



	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2019		2018		2019		2018
Other associated costs	$	12.8	$	0.9	$	50.8	$	3.5
Restructuring charges	6.9		6.6		43.6		22.3
Total charges	$	19.7	$	7.5	$	94.4	$	25.8
Capital expenditures	$	0.2	$	0.1	$	2.5	$	0.6

The restructuring accrual, spending and other activity for the nine months ended September 30, 2019 and the accrual balance remaining at September 30, 2019 related to these programs were as follows:



(In millions)
Restructuring accrual at December 31, 2018	$	37.5
Accrual and accrual adjustments	43.6
Cash payments during 2019	(35.5		)
Effect of changes in foreign currency exchange rates	(0.9		)
Restructuring accrual at September 30, 2019	$	44.7

We expect to pay $41.1 million of the accrual balance remaining at September 30, 2019 within the next twelve months. This amount is included in accrued restructuring costs on the Condensed Consolidated Balance Sheets at September 30, 2019. The remaining accrual of $3.6 million is expected to be substantially paid by the end of 2020. This amount is included in other non-current liabilities on our Condensed Consolidated Balance Sheets at September 30, 2019.