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RESTRUCTURING COSTS
 6 Months Ended
Jun. 30, 2020
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure RESTRUCTURING COSTS
During the three and six months ended June 30, 2020, the Corporation executed restructuring activities across all of its segments to support its ongoing effort of improving capacity utilization and operating efficiency. These restructuring activities, which include workforce reductions and consolidation of facilities, resulted in $15 million and $17 million of pre-tax charges for the three and six months ended June 30, 2020. Included in the aforementioned amounts for the three and six months ended June 30, 2020 were approximately $6 million and $7 million of non-cash charges, respectively, related to inventory write-downs and impairments of property, plant, and equipment and operating lease right-of-use assets. Inventory write-downs and asset impairments are reported in "Cost of product sales" and "Restructuring expenses," respectively, within the Condensed Consolidated Statement of Earnings. Pre-tax restructuring charges for the year ending December 31, 2020 are expected to be $35 million. The Company anticipates that these actions, which are expected to be substantially completed by the end of 2020, will result in total cost savings of approximately $40 million annually.

The following tables summarize the respective accrual balances related to these restructuring activities:
In thousandsRestructuring Accrual as of December 31, 2019ProvisionCash PaymentsRestructuring Accrual as of June 30, 2020
Commercial/Industrial
Severance$—  $4,319  $(1,083) $3,236  
Facility closure and other exit costs—  1,102  (1,102) —  
Total Commercial/Industrial$—  $5,421  $(2,185) $3,236  
Defense
Severance$—  $2,431  $(1,896) $535  
Facility closure and other exit costs—  40  (40) —  
Total Defense$—  $2,471  $(1,936) $535  
Power
Severance$—  $2,553  $(464) $2,089  
Facility closure and other exit costs—  156  (156) —  
Total Power$—  $2,709  $(620) $2,089  
Consolidated
Severance$—  $9,303  $(3,443) $5,860  
Facility closure and other exit costs—  1,298  (1,298) —  
Total consolidated$—  $10,601  $(4,741) $5,860