Restructuring

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND OTHER CHARGES

Restructuring

The following table summarizes the impact of the Company’s restructuring charges on the condensed consolidated statements of operations:

	Three Months Ended
	March 31,
	2020		2019
Cost of sales – services	$	0.9	$	1.5
Selling and administrative expense	7.6		2.2
Research, development and engineering expense	1.5		0.1
Total	$	10.0	$	3.8

The following table summarizes the Company’s type of restructuring charges by reportable operating segment:

	Three Months Ended
	March 31,
	2020		2019
Severance
Eurasia Banking	$	2.3	$	1.5
Americas Banking	0.4		0.4
Retail	5.4		0.8
Corporate	1.9		1.1
Total severance	$	10.0	$	3.8

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. 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 portfolio and further reducing the Company's selling and administrative expense. The Company incurred restructuring charges of $10.0 and $3.8 for the three months ended March 31, 2020 and 2019, respectively, related to DN Now. The Company anticipates additional restructuring costs of approximately $40 to $60 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.

The following table summarizes the Company's cumulative total restructuring costs by plan as of March 31, 2020:

	DN Now
	Severance		Other		Total
Eurasia Banking	$	49.1	$	—	$	49.1
Americas Banking	10.8		0.1		10.9
Retail	27.6		—		27.6
Corporate	31.5		—		31.5
Total	$	119.0	$	0.1	$	119.1

The following table summarizes the Company’s restructuring accrual balances and related activity for the three months ended March 31:

	2020			2019
Balance at January 1	$	42.6		$	56.9
Liabilities incurred	10.0			3.8
Liabilities paid/settled	(15.5		)	(22.1		)
Balance at March 31	$	37.1		$	38.6