Restructuring Restructuring (Tables)

12 Months Ended

Dec. 31, 2020

Restructuring and Related Activities [Abstract]

Restructuring charges, net by segment are as follows:


(in millions) For the year ended December 31,	2020		2019		2018
Fluid Handling (a)	$	6.1	$	10.5	$	6.1
Payment & Merchandising Technologies (b)	19.1		7.4		2.1
Aerospace & Electronics (c)	6.5		(0.4)		(1.0)
Engineered Materials	0.6		—		—
Total restructuring charges, net (d)	$	32.3	$	17.5	$	7.2


(a)			We also recorded related costs of $4.4 million, $8.7 million and $3.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. These costs primarily relate to facility consolidations and are recorded within Cost of sales and Selling, general and administrative.
(b)			We also recorded related costs of $0.7 million, $0.2 million and $1.6 million for the years ended December 31, 2020, 2019 and 2018, respectively. These costs primarily relate to facility consolidations and are recorded within Cost of sales and Selling, general and administrative.
(c)			We also recorded related costs of $2.7 million and $2.0 million for the year ended December 31, 2019 and 2018, respectively. These costs primarily relate to facility consolidations and are recorded within Cost of sales and Selling, general and administrative.
(d)			We also recorded related costs of $5.1 million, $11.6 million and $7.5 million for the years ended December 31, 2020, 2019 and 2018, respectively. These costs primarily relate to facility consolidations and are recorded within Cost of sales and Selling, general and administrative.

The following table summarizes our restructuring charges, net by program, cost type and segment for the years ended December 31, 2020, 2019 and 2018:


	December 31, 2020								December 31, 2019						December 31, 2018
(in millions)	Severance			Other			Total		Severance		Other		Total		Severance		Other		Total
Fluid Handling	$	3.8		$	—		$	3.8	$	—	$	—	$	—	$	—	$	—	$	—
Payment & Merchandising Technologies	16.6			4.6		(a)	21.2		—		—		—		—		—		—
Aerospace & Electronics	6.5			—			6.5		—		—		—		—		—		—
Engineered Materials	0.6			—			0.6		—		—		—		—		—		—
2020 Repositioning	$	27.5		$	4.6		$	32.1	$	—	$	—	$	—	$	—	$	—	$	—

Fluid Handling	$	6.1	(b)	$	—		$	6.1	$	9.9	$	—	$	9.9	$	—	$	—	$	—

2019 Repositioning	$	6.1		$	—		$	6.1	$	9.9	$	—	$	9.9	$	—	$	—	$	—

Fluid Handling	$	(3.8)	(b)	$	—		$	(3.8)	$	0.6	$	—	$	0.6	$	6.1	$	—	$	6.1
Payment & Merchandising Technologies	(0.9)		(b)	(1.5)		(c)	(2.4)		0.3		1.8		2.1		0.1		0.4		0.5
Aerospace & Electronics	—			—			—		—		(0.4)		(0.4)		—		(1.0)		(1.0)
2017 Repositioning	$	(4.7)	(b)	$	(1.5)	(c)	$	(6.2)	$	0.9	$	1.4	$	2.3	$	6.2	$	(0.6)	$	5.6

Payment & Merchandising Technologies	$	—		$	—		$	—	$	1.7	$	3.6	$	5.3	$	1.6	$	—	$	1.6
Acquisition-Related Restructuring	$	—		$	—		$	—	$	1.7	$	3.6	$	5.3	$	1.6	$	—	$	1.6

Payment & Merchandising Technologies	$	0.3		$	—		$	0.3	$	—	$	—	$	—	$	—	$	—	$	—
Other Restructuring	$	0.3		$	—		$	0.3	$	—	$	—	$	—	$	—	$	—	$	—

Total	$	29.2		$	3.1		$	32.3	$	12.5	$	5.0	$	17.5	$	7.8	$	(0.6)	$	7.2


(a)			Primarily reflects non-cash charges related to the impairment of ROU assets and leasehold improvements associated with the exit of the three leased facilities in 2020.
(b)			Reflects changes in estimates for increases and decreases in costs related to our restructuring programs.
(c)			Reflects a pre-tax gain related to the sale of a facility in 2020.

The following table summarizes the cumulative restructuring costs incurred through December 31, 2020 and the remaining costs related to facility consolidations expected to complete these actions as of December 31, 2020:


	Cumulative Restructuring Costs						Remaining Costs
(in millions)	Severance		Other		Total		2021
Fluid Handling	$	3.8	$	—	$	3.8	$	—
Payment & Merchandising Technologies	16.6		4.6		21.2		—
Aerospace & Electronics	6.5		—		6.5		—
Engineered Materials	0.6		—		0.6		—
2020 Repositioning	$	27.5	$	4.6	$	32.1	$	—

Fluid Handling	$	16.0	$	—	$	16.0	$	2.6
2019 Repositioning	$	16.0	$	—	$	16.0	$	2.6

Fluid Handling	$	13.5	$	—	$	13.5	$	—
Payment & Merchandising Technologies	11.7		0.7		12.4		—
Aerospace & Electronics	1.3		(1.4)		(0.1)		—
2017 Repositioning	$	26.5	$	(0.7)	$	25.8	$	—

Restructuring Liability

The following table summarizes the accrual balances related to these restructuring charges by program:


(in millions)	2020 Repositioning		2019 Repositioning		2017 Repositioning		Acquisition Related Restructuring		Other Restructuring		Total
Severance:
Balance at December 31, 2018	$	—	$	—	$	23.2	$	—	$	—	$	23.2
Expense (a)	—		9.9		0.9		1.7		—		12.5
Utilization	—		—		(11.6)		(1.7)		—		(13.3)
Balance at December 31, 2019	$	—	$	9.9	$	12.5	$	—	$	—	$	22.4
Expense (a)	27.5		—		—		—		0.3		27.8
Adjustments (b)	—		6.1		(4.7)		—		—		1.4
Utilization	(23.3)		—		(3.1)		—		(0.3)		(26.7)
Balance at December 31, 2020 (c)	$	4.2	$	16.0	$	4.7	$	—	$	—	$	24.9

Other Restructuring Costs:
Balance at December 31, 2018	$	—	$	—	$	—	$	—	$	—	$	—
Expense (a)	—		—		1.4		3.6		—		5.0
Utilization	—		—		(1.2)		(3.6)		—		(4.8)
Balance at December 31, 2019	$	—	$	—	$	0.2	$	—	$	—	$	0.2
Expense (gain) (a)	4.6		—		(1.5)		—		—		3.1
Utilization	(4.6)		—		1.3		—		—		(3.3)
Balance at December 31, 2020	$	—	$	—	$	—	$	—	$	—	$	—


(a)			Included within “Restructuring charges, net” in the Consolidated Statements of Operations
(b)			Included within “Restructuring charges, net” in the Consolidated Statements of Operations and reflects changes in estimates for increases and decreases in costs related to our restructuring programs
(c)			Included within Accrued Liabilities in the Consolidated Balance Sheets