Other Charges, Net

6 Months Ended

Jun. 30, 2021

Other Charges (Gain), Net

Other Charges, Net

13. Other Charges, Net

The components of other charges, net were as follows (dollars in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021		2020
Information technology transformation costs	$	0.8		$	0.4		$	1.5	$	1.3
Professional fees incurred in connection with investigation matters		(0.1	)		1.1			—		4.5
Restructuring charges		1.4			1.2			2.7		2.7
Acquisition-related charges		2.3			(0.8	)		3.2		(1.9	)
Long-lived asset impairments		—			—			—		1.2
Other		—			(0.1	)		—		0.2
Other charges, net	$	4.4		$	1.8		$	7.4	$	8.0

Restructuring Initiatives

Restructuring charges include charges for various programs that were recorded in the accompanying unaudited condensed consolidated statements of income and comprehensive income. The following table sets forth the restructuring charges (dollars in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Cost of revenues	$	0.2	$	0.3	$	1.3	$	1.1
Other charges, net		1.4		1.2		2.7		2.7
	$	1.6	$	1.5	$	4.0	$	3.8

The following table sets forth the changes in restructuring reserves (dollars in millions):

	Total			Severance			Exit Costs			Provisions for Excess Inventory
Balance at December 31, 2020	$	9.8		$	7.6		$	0.8		$	1.4
Restructuring charges		4.0			3.6			0.4			—
Cash payments		(9.2	)		(8.6	)		(0.6	)		—
Other, non-cash adjustments and foreign currency effect		(0.1	)		0.1			(0.1	)		(0.1	)
Balance at June 30, 2021	$	4.5		$	2.7		$	0.5		$	1.3