XML 42 R28.htm IDEA: XBRL DOCUMENT v3.22.0.1
Other Charges, Net
12 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
Other Charges, Net
20. Other Charges, Net
The components of other charges, net were as follows (in millions):
 
    
2021
    
2020
    
2019
 
Acquisition-related expenses
,
 net
   $ 6.1      $ 2.4      $ 4.6  
Professional fees incurred in connection with investigation matters and other legal matters
     1.1        5.9        2.1  
Information technology transformation costs
     2.8        2.5        3.7  
Restructuring charges
     4.8        12.0        (3.9
Long-lived asset impairments
     (0.5      2.1        —    
    
 
 
    
 
 
    
 
 
 
Other charges, net
   $ 14.3      $ 24.9      $ 6.5  
    
 
 
    
 
 
    
 
 
 
Restructuring Initiatives
Restructuring charges for the years ended December 31, 2021, 2020 and 2019 included charges for various other programs which were recorded in the accompanying consolidated statements of income and comprehensive income as follows (in millions):
 
    
2021
    
2020
    
2019
 
Cost of revenues
   $ 3.4      $ 3.8      $ 5.3  
Other charges, net
     4.8        12.0        (3.9
    
 
 
    
 
 
    
 
 
 
     $ 8.2      $ 15.8      $ 1.4  
    
 
 
    
 
 
    
 
 
 
The restructuring charges included a gain on the sale of a building of $7.7 million in the year ended December 31, 2019.
The following table sets forth the changes in the restructuring reserves (in millions):
 
    
Total
    
Severance
    
Exit Costs
    
Provisions for
Excess
Inventory
 
Balance at December 31, 2018
   $ 7.3      $ 2.0      $ 1.4      $ 3.9  
Restructuring charges
     1.4        6.1        (5.0      0.3  
Cash payments
     (6.8      (5.3      (1.5      —    
Non-cash
adjustments
     2.9        (0.5      5.2        (1.8
Foreign currency impact
     (0.2      (0.1      —          (0.1
    
 
 
    
 
 
    
 
 
    
 
 
 
Balance at December 31, 2019
   $ 4.6      $ 2.2      $ 0.1      $ 2.3  
Restructuring charges
     15.8        13.6        2.0        0.2  
Cash payments
     (10.0      (8.0      (2.0      —    
Non-cash
adjustments
     (1.0      (0.5      0.7        (1.2
Foreign currency impact
     0.4        0.3        —          0.1  
    
 
 
    
 
 
    
 
 
    
 
 
 
Balance at December 31, 2020
   $ 9.8      $ 7.6      $ 0.8      $ 1.4  
Restructuring charges
     8.2        5.3        1.5        1.4  
Cash payments
     (10.3      (9.3      (1.0      —    
Non-cash
adjustments
     (1.1      —          (1.0 )     
(0.1

Foreign currency impact
     (0.2      (0.1      —         
(0.1
)
    
 
 
    
 
 
    
 
 
    
 
 
 
Balance at December 31, 2021
   $ 6.4      $ 3.5      $ 0.3      $ 2.6