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Restructuring
 6 Months Ended
Jun. 30, 2019
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
In 2018, we recorded restructuring charges of $7.2 million related to the acquisition of Crane Currency and the 2017 repositioning actions described below. In the three- and six-month periods ended June 30, 2019, we recorded additional restructuring charges of $1.6 million and $4.5 million, respectively, related to these actions.
Acquisition-Related Restructuring
In 2018, we initiated actions within our Payment & Merchandising Technologies segment related to the closure of Crane Currency’s printing operations in Sweden, which will be transitioned to a new print facility in Malta. We expect these actions to result in workforce reductions of approximately 170 employees, or less than 2% of our global workforce. In 2018, we recorded pre-tax restructuring charges of $1.6 million, all of which were severance-related cash costs. In the three months ended June 30, 2019, we recorded pre-tax restructuring charges $0.6 million, of which $0.2 million were severance-related cash costs and $0.4 million were other restructuring related costs. In the first six months of 2019, we recorded restructuring charges $2.8 million, of which $0.4 million were severance-related cash costs and $2.4 million were other restructuring related costs. There was no remaining liability associated with these actions as of June 30, 2019.
We expect to incur additional restructuring and related charges of $0.5 million in 2019 to complete these actions. We expect recurring pre-tax savings subsequent to initiating all actions to approximate $23 million annually.

2017 Repositioning
During the fourth quarter of 2017, we initiated broad-based repositioning actions designed to improve profitability. These actions include headcount reductions of approximately 300 employees, or about 3% of our global workforce, and select facility consolidations in North America and Europe.
Restructuring charges included severance and other costs related to the consolidation of certain manufacturing operations, all of which are cash costs. The following table summarizes the restructuring charges by business segment in 2019 and cumulatively
through June 30, 2019:
 
Severance
 
Other
 
Total
(in millions)
2019
 
Cumulative
 
2019
 
Cumulative
 
2019
 
Cumulative
Fluid Handling
$
0.8

 
$
17.5

 
$
—

 
$
—

 
$
0.8

 
$
17.5

Payment & Merchandising Technologies
0.2

 
12.5

 
0.8

 
1.2

 
1.0

 
13.7

Aerospace & Electronics
—

 
1.3

 
(0.1
)
 
(1.1
)
 
(0.1
)
 
0.2

 
$
1.0

 
$
31.3

 
$
0.7

 
$
0.1

 
$
1.7

 
$
31.4


Related to the 2017 repositioning actions, we recorded $7.5 million of additional costs associated with facility consolidations in
2018. In the three- and six-month periods ended June 30, 2019, we recorded additional restructuring charges of $3.4 million and $7.2 million, respectively, related to these actions.
To complete these actions, we expect to incur a total of $5.5 million of restructuring and facility consolidation related charges in 2019 and 2020 in each of the segments as follows:
(in millions)
2019
 
2020
 
Total
Fluid Handling
$
1.0

 
$
1.6

 
$
2.6

Payment & Merchandising Technologies
0.5

 
—

 
0.5

Aerospace & Electronics
2.4

 
—

 
2.4

 
$
3.9

 
$
1.6

 
$
5.5

The following table summarizes the expected costs by nature of costs and year:
(in millions)
2019
 
2020
 
Total
Restructuring
$
1.0

 
$
—

 
$
1.0

Facility consolidation
2.9

 
1.6

 
4.5

 
$
3.9

 
$
1.6

 
$
5.5

We expect recurring pre-tax savings subsequent to initiating all actions to approximate $30 million annually.
The following table summarizes the accrual balances related to these restructuring charges: 
(in millions)
Balance at December 31, 2018
 
Expense
(Gain) (1)
 
Utilization
 
Balance at
June 30, 2019
Fluid Handling
 
 
 
 
 
 
 
Severance
$
12.9

 
$
0.8

 
$
(2.2
)
 
$
11.5

Other
—

 
—

 
—

 
—

Total Fluid Handling
$
12.9

 
$
0.8

 
$
(2.2
)
 
$
11.5

 
 
 
 
 
 
 
 
Payment & Merchandising Technologies
 
 
 
 
 
 
 
Severance
$
9.4

 
$
0.2

 
$
(7.4
)
 
$
2.2

Other
—

 
0.8

 
(0.8
)
 
—

Total Payment & Merchandising Technologies
$
9.4

 
$
1.0

 
$
(8.2
)
 
$
2.2

 
 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
 
 
Severance
$
0.9

 
$
—

 
$
—

 
$
0.9

Other
—

 
(0.1
)
 
0.3

 
0.2

Total Aerospace & Electronics
$
0.9

 
$
(0.1
)
 
$
0.3

 
$
1.1

Total Restructuring
$
23.2

 
$
1.7

 
$
(10.1
)
 
$
14.8

(1) Reflected in our Condensed Consolidated Statements of Operations as “Restructuring charges”