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Restructuring
 3 Months Ended
Mar. 31, 2021
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:
Three Months Ended
March 31,
 20212020
Cost of sales – services$— $0.9 
Cost of sales – products0.5 — 
Selling and administrative expense5.2 7.6 
Research, development and engineering expense0.3 1.5 
Total$6.0 $10.0 
The following table summarizes the Company’s restructuring charges by reporting segment:
Three Months Ended
March 31,
 20212020
Severance
Eurasia Banking$— $2.3 
Americas Banking— 0.4 
Retail— 5.4 
Corporate— 1.9 
Total severance$— $10.0 
Other
Eurasia Banking$0.5 $— 
Americas Banking— — 
Retail— — 
Corporate5.5 — 
Total Other6.0 — 
Total$6.0 $10.0 

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 $500 through 2021. In order to achieve these savings, the Company will complete its program to restructure the workforce, integrate and optimize systems and processes, transition workloads to lower cost locations and consolidate real estate holdings. Material incremental restructuring charges related to DN NOW are not expected. The Company incurred restructuring charges of $6.0 and $10.0 for the three months ended March 31, 2021 and 2020, respectively, related to DN Now. The charges incurred during the three months ended March 31, 2021 relate primarily to redundant personnel costs during the transition period.

The following table summarizes the Company's cumulative total restructuring costs for DN Now as of March 31, 2021:
DN Now
SeveranceOther
Eurasia Banking$78.9 $2.5 
Americas Banking12.9 0.1 
Retail38.7 2.2 
Corporate54.3 7.1 
Total$184.8 $11.9 

The following table summarizes the Company’s restructuring accrual balances and related activity:
20212020
Beginning balance as of January 1$62.9 $42.6 
Severance charges— 10.0 
Payouts(8.9)(15.5)
Other(3.1)— 
Ending balance as of March 31$50.9 $37.1