Restructuring Restructuring (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]


(in millions) For the year ended December 31,	2021		2020		2019
Aerospace & Electronics	$	—	$	6.5	$	(0.4)
Process Flow Technologies	(13.2)		6.1		10.5
Payment & Merchandising Technologies	(3.7)		19.1		7.4
Total restructuring (gains) charges, net	$	(16.9)	$	31.7	$	17.5

The following table summarizes our restructuring (gains) charges by program, cost type and segment for the years ended December 31, 2021, 2020 and 2019:


	December 31, 2021								December 31, 2020								December 31, 2019
(in millions)	Severance			Other			Total		Severance			Other			Total		Severance		Other		Total
Aerospace & Electronics	$	—		$	—		$	—	$	6.5		$	—		$	6.5	$	—	$	—	$	—
Process Flow Technologies	(0.1)		(a)	—			(0.1)		3.8			—			3.8		—		—		—
Payment & Merchandising Technologies	(0.8)		(a)	(2.8)			(3.6)		16.6			4.6		(b)	21.2		—		—		—
2020 Repositioning	(0.9)		(a)	(2.8)			(3.7)		26.9			4.6			31.5		—		—		—

Process Flow Technologies	0.1			—			0.1		6.1		(a)	—			6.1		9.9		—		9.9

2019 Repositioning	0.1			—			0.1		6.1			—			6.1		9.9		—		9.9

Aerospace & Electronics	—			—			—		—			—			—		—		(0.4)		(0.4)
Process Flow Technologies	(0.4)		(a)	(12.7)		(c)	(13.1)		(3.8)		(a)	—			(3.8)		0.6		—		0.6
Payment & Merchandising Technologies	(0.2)		(a)	—			(0.2)		(0.9)		(a)	(1.5)		(d)	(2.4)		0.3		1.8		2.1
2017 Repositioning	(0.6)		(a)	(12.7)		(c)	(13.3)		(4.7)		(a)	(1.5)		(d)	(6.2)		0.9		1.4		2.3

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

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

Total	$	(1.4)		$	(15.5)		$	(16.9)	$	28.6		$	3.1		$	31.7	$	12.5	$	5.0	$	17.5


(a)			Reflects changes in estimates for increases and decreases in costs related to our restructuring programs.
(b)			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.
(c)			Reflects a pre-tax gain related to the sale of real estate in 2021
(d)			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, 2021. We do not expect to incur additional facility consolidation costs to complete these actions as of December 31, 2021:


	Cumulative Restructuring Costs
(in millions)	Severance		Other		Total
Aerospace & Electronics	$	6.5	$	—	$	6.5
Process Flow Technologies	3.7		—		3.7
Payment & Merchandising Technologies	15.8		1.8		17.6
2020 Repositioning	26.0		1.8		27.8

Process Flow Technologies	16.1		—		16.1
2019 Repositioning	16.1		—		16.1

Aerospace & Electronics	1.3		(1.4)		(0.1)
Process Flow Technologies	13.1		(12.7)		0.4
Payment & Merchandising Technologies	11.5		0.7		12.2
2017 Repositioning	$	25.9	$	(13.4)	$	12.5

Restructuring Liability

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


(in millions)	2020 Repositioning		2019 Repositioning		2017 Repositioning		Other Restructuring		Total
Severance:



Balance at December 31, 2019	$	—	$	9.9	$	12.5	$	—	$	22.4
Expense (a)	26.9		—		—		0.3		27.2
Adjustments (b)	—		6.1		(4.7)		—		1.4
Utilization	(22.7)		—		(3.1)		(0.3)		(26.1)
Balance at December 31, 2020 (c)	$	4.2	$	16.0	$	4.7	$	—	$	24.9
Expense (a)	—		0.1		—		—		0.1
Adjustments (b)	(0.9)		—		(0.5)		—		(1.4)
Utilization	(3.3)		(4.6)		(3.5)		—		(11.4)
Balance at December 31, 2021 (c)	$	—	$	11.5	$	0.7	$	—	$	12.2


(a)			Included within “Restructuring (gains) charges, net” in the Consolidated Statements of Operations
(b)			Included within “Restructuring (gains) 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