Restructuring Plans

2017 Restructuring and Cost Savings Plan ("2017 Plan")

On June 30, 2017, the Company announced restructuring activities targeted to improve efficiency and profitability that further positions the Company for long-term success. As a part of this plan, the Company announced the intention to close four production facilities for which business will be relocated to existing facilities and the closure of an additional manufacturing facility for which business will not be relocated. As of September 30, 2018, operations ceased at three of the four manufacturing facilities and business has been relocated to existing facilities; the additional manufacturing facility for which business was not relocated was also closed. Also as part of this plan, the Company announced it will reduce administrative positions by approximately 500 over three years and consolidate certain administrative offices and take other actions to improve the cost efficiency of a variety of administrative and operational processes.

The Company expects total 2017 Plan pre-tax restructuring costs of approximately $65 to $70 million, which includes $29 to $31 million in employee termination costs, $22 to $24 million in fixed asset related expenses, and $14 to $15 million in other restructuring project costs, including the movement and re-installation of equipment. Expenses in the three months ended March 31, 2019 were $1.3 million.

The estimated 2017 Plan costs are as follows:



(in millions)	U.S. Packaging		Latin America Packaging		Rest of World Packaging		Corporate		Total
2017 net expense accrued	$	13.4	$	20.7	$	1.5	$	3.5	$	39.1
2018 net expense accrued	9.6		7.3		1.9		0.5		19.3
2019 first quarter net expense accrued	0.3		0.7		0.2		0.1		1.3
Expense incurred to date	23.3		28.7		3.6		4.1		59.7
Estimated future expense	6.4		3.6		0.2		—		10.2
Estimated costs of program	$	29.7	$	32.3	$	3.8	$	4.1	$	69.9

An analysis of the 2017 Plan accruals follows:



(in millions)	Employee Costs			Fixed Asset Related			Other Costs			Total Restructuring Costs
Reserve balance at December 31, 2018	$	6.9		$	—		$	4.0		$	10.9
Net expense accrued	0.2			0.1			1.0			1.3
Utilization (cash payments or otherwise settled)	(1.3		)	(0.1		)	(0.9		)	(2.3		)
Translation adjustments and other	—			—			—			—
Reserve balance at March 31, 2019	$	5.8		$	—		$	4.1		$	9.9

The 2017 Plan is expected to be completed by the end of 2020. Cash payments in the twelve months ended December 31, 2018 and 2017 were $17.4 million and $6.8 million, respectively. Cash payments in the three months ended March 31, 2019 were $2.3 million. The costs related to restructuring activities have been recorded on the condensed consolidated statement of income as restructuring and other costs. The accruals related to restructuring activities have primarily been recorded on the condensed consolidated balance sheet as other current liabilities.