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Restructuring
 12 Months Ended
Dec. 31, 2019
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND OTHER CHARGES RESTRUCTURING

The following table summarizes the impact of the Company’s restructuring charges on the consolidated statements of operations for the years ended December 31:
 
2019
 
2018
 
2017
Cost of sales - services
$
8.0

 
$
17.8

 
$
27.3

Cost of sales - products
1.7

 
10.8

 
1.9

Selling and administrative expense
37.4

 
33.4

 
21.3

Research, development and engineering expense
3.0

 
3.0

 
(1.1
)
Loss on sale of real estate
0.1

 
—

 
—

Total
$
50.2

 
$
65.0

 
$
49.4



The following table summarizes the Company’s restructuring charges by reporting segment for the years ended December 31:
 
2019
 
2018
 
2017
Severance
 
 
 
 
 
Eurasia Banking
$
13.5

 
$
37.1

 
$
24.6

Americas Banking
1.8

 
8.9

 
4.2

Retail
9.7

 
13.3

 
14.8

Corporate
25.1

 
5.7

 
5.8

Total severance
50.1

 
65.0

 
49.4

 
 
 
 
 
 
Other - Americas Banking
0.1

 
—

 
—

Total
$
50.2

 
$
65.0

 
$
49.4



DN Now

During the second quarter of 2018, the Company began implementing DN Now to deliver greater, more sustainable profitability. The gross annualized savings target for DN Now is approximately $440 through 2021, of which $130 is expected to be realized during 2020. In order to achieve these savings, the Company has and will continue to restructure the workforce, integrate and optimize systems and processes, transition workloads to lower cost locations and consolidate real estate holdings. Additional near-term activities include continuation of the services modernization plan, rationalizing of the Company's product and software portfolio and further reducing the Company's selling and administrative expense. The Company incurred restructuring charges of $50.2 and $58.9 for the years ended December 31, 2019 and 2018, respectively, related to DN Now. The Company anticipates additional restructuring costs of approximately $50 to $70 through the end of the plan primarily related to severance anticipated for completion of the Company's transformation throughout the three solution segments and corporate.

Completed Plans

DN2020 Plan. As of August 15, 2016, the date of the Acquisition, the Company launched a multi-year integration and transformation program, known as DN2020. The Company incurred restructuring charges primarily related to severance of $6.0 and $47.0 for the years ended December 31, 2018 and 2017, respectively, related to this plan.

Strategic Alliance Plan. On November 10, 2016, the Company entered into a strategic alliance with the Inspur Group, a Chinese cloud computing and data center company, to develop, manufacture and distribute Systems solutions in China. The Company incurred restructuring charges of $0.1 and $2.4 for the years ended December 31, 2018 and 2017, respectively, related to this plan.

The following table summarizes the Company's cumulative total restructuring costs as of December 31, 2019 for the respective plans:
 
DN Now
 
DN2020 Plan
 
Strategic Alliance
 
 
 
Severance
 
Other
 
Severance
 
Severance
 
Total
Eurasia Banking
$
46.8

 
$
—

 
$
51.5

 
$
8.2

 
$
106.5

Americas Banking
10.4

 
0.1

 
13.6

 
—

 
24.1

Retail
22.2

 
—

 
15.6

 
—

 
37.8

Corporate
29.6

 
—

 
15.1

 
—

 
44.7

Total
$
109.0

 
$
0.1

 
$
95.8

 
$
8.2

 
$
213.1



The following table summarizes the Company’s restructuring accrual balances and related activity:
Balance at January 1, 2017
$
89.9

Liabilities incurred
49.4

Liabilities acquired
(8.2
)
Liabilities paid/settled
(77.1
)
Balance at December 31, 2017
$
54.0

Liabilities incurred
65.0

Liabilities paid/settled
(62.1
)
Balance at December 31, 2018
$
56.9

Liabilities incurred
50.2

Liabilities paid/settled
(64.5
)
Balance at December 31, 2019
$
42.6