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Note 4 - Restructuring of Operations
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]

Note 4.  Restructuring of Operations

 

Our restructuring activities have historically included rationalizing our operating footprint by consolidating facilities, positioning operations in lower cost locations and reducing overhead costs. In recent years, our focus has been primarily headcount reduction initiatives to reduce operating costs, including actions taken at acquired businesses to rationalize cost structures and achieve operating synergies. Restructuring expense includes costs associated with current and previously announced actions and is comprised of contractual and noncontractual separation costs and exit costs, including certain operating costs of facilities that we are in the process of closing.

 

There were no net restructuring charges in 2021. Net restructuring charges of $34 and $29 in 2020 and 2019 were comprised of severance and benefit costs related to integration of recent acquisitions, headcount reductions across our operations and exit costs related to previously announced actions.

 

Accrued restructuring costs and activity, including noncurrent portion —

 

   

Employee

                 
   

Termination

   

Exit

         
   

Benefits

   

Costs

   

Total

 

Balance, December 31, 2018

  $ 25     $ 4     $ 29  

Charges to restructuring

    21       10       31  

Adjustments of accruals

    (2 )             (2 )

Cash payments

    (31 )     (9 )     (40 )

Lease cease-use reclassification

            (4 )     (4 )

Balance, December 31, 2019

    13       1       14  

Charges to restructuring

    30       6       36  

Adjustments of accruals

    (2 )             (2 )

Cash payments

    (12 )     (7 )     (19 )

Currency impact

    1               1  

Balance, December 31, 2020

    30             30  

Charges to restructuring

    2       5       7  

Adjustments of accruals

    (7 )           (7 )

Cash payments

    (13 )     (5 )     (18 )

Currency impact

    (1 )             (1 )

Balance, December 31, 2021

  $ 11     $     $ 11  

 

At  December 31, 2021, accrued employee termination benefits include costs to reduce approximately 200 employees to be completed over the next year.