Restructuring Charges

6 Months Ended

Jul. 02, 2022

RESTRUCTURING CHARGES

We periodically take action to reduce redundant expenses and improve operating efficiencies. Restructuring activity includes severance, lease exit costs, and related consulting fees. The following reflects our restructuring activity (in millions):


	Three Months Ended				Six Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Beginning balance	$	8.2	$	6.2	$	6.9	$	9.1
Additional charges	9.5		9.0		13.0		10.7
Payments	(3.9)		(5.1)		(6.0)		(9.5)
Non-cash adjustments	(0.3)		0.1		(0.4)		(0.1)

Ending balance	$	13.5	$	10.2	$	13.5	$	10.2

The charges incurred during the three and six months ended July 2, 2022 and July 3, 2021 were primarily associated with actions taken on supply chain restructuring in 2022 and actions to streamline the organization in 2021.

There were no other material restructuring programs for the three and six months ended July 2, 2022 and July 3, 2021. All charges are recorded in Restructuring expense on the Condensed Consolidated Statements of Operations. The remaining $13.5 million liability for employee severance benefits and consulting fees is expected to be paid within the next year.