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Restructuring
 6 Months Ended
Jun. 30, 2021
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
Overview
2020 Repositioning - In the second quarter of 2020, we initiated actions in response to the adverse economic impact of COVID-19 and integration actions related to the Cummins-Allison acquisition. These actions include workforce reductions of approximately 1,200 employees, or about 11% of our global workforce, and the exiting of two leased office facilities and one leased warehouse facility.
2019 Repositioning - In the fourth quarter of 2019, we initiated actions to consolidate two manufacturing operations in Europe within our Process Flow Technologies segment. In 2020, we recorded additional severance costs related to the final negotiation with the works council/union at both locations. These actions, taken together, included workforce reductions of approximately 180 employees, or less than 1% of our global workforce.
2017 Repositioning - In the fourth quarter of 2017, we initiated broad-based repositioning actions designed to improve profitability. These actions included headcount reductions of approximately 300 employees, or about 3% of our global workforce, and select facility consolidations in North America and Europe. In 2020, we adjusted the estimate downward to reflect the impact of employees that chose to voluntarily terminate prior to receiving severance at the conclusion of the actions in North America. In 2021, we recorded a gain on sale of real estate related to these actions.
Other Restructuring - In the second quarter of 2020, we recorded other restructuring costs within our Payment & Merchandising Technologies segment. We do not expect to incur additional restructuring charges.
Restructuring (gains) charges, net
We recorded restructuring (gains) charges, net which are reflected in the Condensed Consolidated Statements of Operations, as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2021202020212020
Aerospace & Electronics$— $4.7 $— $4.7 
Process Flow Technologies 1
— 4.7 (12.6)4.7 
Payment & Merchandising Technologies 2
(0.2)13.8 (0.7)12.6 
Total restructuring (gains) charges, net 3
$(0.2)$23.2 $(13.3)$22.0 
1 We also recorded related costs of $2.4 million and $0.5 million for the three months ended June 30, 2021 and 2020, respectively, and $3.8 million and $1.9 million for the six months ended June 30, 2021 and 2020, respectively. These costs are recorded within Cost of sales and Selling, general and administrative.
2 We also recorded related costs of $0.8 million for the three months ended June 30, 2020 and $0.7 million for the six months ended June 30, 2020. These costs are recorded within Cost of sales and Selling, general and administrative.
3 We also recorded related costs of $2.4 million and $1.3 million for the three months ended June 30, 2021 and 2020, respectively, and $3.8 million and $2.6 million for the six months ended June 30, 2021 and 2020, respectively. These costs are recorded within Cost of sales and Selling, general and administrative.
The following table summarizes our restructuring (gains) charges, net by program, cost type and segment for the three months ended June 30, 2021 and 2020:
Three months ended June 30, 2021Three months ended June 30, 2020
(in millions)SeveranceOtherTotalSeveranceOtherTotal
Aerospace & Electronics$— $— $— $4.7 $— $4.7 
Process Flow Technologies— — — 4.7 — 4.7 
Payment & Merchandising Technologies— — — 13.8 1.0 14.8 
2020 Repositioning$— $— $— $23.2 $1.0 $24.2 
Payment & Merchandising Technologies(0.2)— (0.2)(1.0)— (1.0)
2017 Repositioning$(0.2)$— $(0.2)$(1.0)$— $(1.0)
Total$(0.2)$— $(0.2)$22.2 $1.0 $23.2 

The following table summarizes our restructuring (gains) charges, net by program, cost type and segment for the six months ended June 30, 2021 and 2020:
Six months ended June 30, 2021Six months ended June 30, 2020
(in millions)SeveranceOtherTotalSeveranceOtherTotal
Aerospace & Electronics$— $— $— $4.7 $— $4.7 
Process Flow Technologies— — — 4.7 — 4.7 
Payment & Merchandising Technologies(0.5)— (0.5)13.8 1.0 14.8 
2020 Repositioning$(0.5)$— $(0.5)$23.2 $1.0 $24.2 
Process Flow Technologies$0.1 $0.1 $— $— $— 
2019 Repositioning$0.1 $— $0.1 $— $— $— 
Process Flow Technologies 1
$— $(12.7)$(12.7)$— $— $— 
Payment & Merchandising Technologies 2
(0.2)— (0.2)(1.0)(1.5)(2.5)
2017 Repositioning$(0.2)$(12.7)$(12.9)$(1.0)$(1.5)$(2.5)
Payment & Merchandising Technologies$— $— $— $0.3 $— $0.3 
Other Restructuring$— $— $— $0.3 $— $0.3 
Total$(0.6)$(12.7)$(13.3)$22.5 $(0.5)$22.0 
1 Reflects a pre-tax gain related to the sale of real estate in 2021
2 Reflects a pre-tax gain related to the sale of real estate in 2020
The following table summarizes the cumulative restructuring costs, net incurred through June 30, 2021. We do not expect to incur additional facility consolidation costs to complete these actions as of June 30, 2021.
Cumulative Restructuring Costs, Net
(in millions)SeveranceOtherTotal
Process Flow Technologies$3.8 $— $3.8 
Payment & Merchandising Technologies16.1 4.6 20.7 
Aerospace & Electronics6.5 — 6.5 
2020 Repositioning$26.4 $4.6 $31.0 
Process Flow Technologies$16.1 $— $16.1 
2019 Repositioning$16.1 $— $16.1 
Process Flow Technologies$13.5 $(12.7)$0.8 
Payment & Merchandising Technologies11.5 0.7 12.2 
Aerospace & Electronics1.3 (1.4)(0.1)
2017 Repositioning$26.3 $(13.4)$12.9 
Restructuring Liability
The following table summarizes the accrual balances related to these restructuring (gains) charges by program:
(in millions)2020 Repositioning2019 Repositioning2017 RepositioningTotal
Severance:
Balance at December 31, 2020 (b)
$4.2 $16.0 $4.7 $24.9 
Expense (a)
— 0.1 — 0.1 
Adjustments (a)
(0.5)— (0.2)(0.7)
Utilization(3.1)(2.7)(0.3)(6.1)
Balance at June 30, 2021 (b)
$0.6 $13.4 $4.2 $18.2 
(a)
Included within Restructuring (gains) charges, net in the Condensed Consolidated Statements of Operations and reflects changes in estimates for increases and decreases in costs related to our restructuring programs
(b)
Included within Accrued Liabilities in the Condensed Consolidated Balance Sheets