XML 43 R19.htm IDEA: XBRL DOCUMENT v3.22.0.1
Restructuring
 12 Months Ended
Dec. 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 for the years ended December 31:
202120202019
Cost of sales - services$13.0 $14.1 $8.0 
Cost of sales - products2.4 8.2 1.7 
Selling and administrative expense13.1 52.9 37.4 
Research, development and engineering expense(0.3)6.4 3.0 
Loss on real estate— — 0.1 
Total$28.2 $81.6 $50.2 

The following table summarizes the Company’s restructuring charges by reporting segment for the years ended December 31:
202120202019
Severance
Eurasia Banking$10.5 $32.1 $13.5 
Americas Banking3.2 2.5 1.8 
Retail1.2 16.5 9.7 
Corporate0.5 24.7 25.1 
Total severance15.4 75.8 50.1 
Other
Eurasia Banking0.6 2.0 — 
Americas Banking— — 0.1 
Retail1.6 2.2 — 
Corporate10.6 1.6 — 
Total other12.8 5.8 0.1 
Total$28.2 $81.6 $50.2 

DN Now

Commensurate with its strategy, in 2021, the Company completed the execution of its multi-year transformation program called DN Now. The Company’s DN Now initiatives consisted of a number of work streams designed to improve operational efficiency and sustainably increase profits and cash flows. The Company has achieved a substantial amount of annual cost savings associated with the DN Now initiatives. The Company incurred restructuring charges consisting primarily of severances and realignment of the Company's real estate footprint of $28.2, $81.6 and $50.2 for the years ended December 31, 2021, 2020 and 2019, respectively.

The following table summarizes the Company's cumulative total restructuring costs as of December 31, 2021 for DN Now. This table, as well as those above, exclude third-party costs incurred related to the implementation of the Company's transformation initiatives.
DN Now
SeveranceOther
Eurasia Banking$89.4 $2.6 
Americas Banking16.1 0.1 
Retail39.9 3.8 
Corporate54.8 12.2 
Total$200.2 $18.7 
The following table summarizes the Company’s restructuring severance accrual balance and related activity:
Balance at January 1, 2019$56.9 
Liabilities incurred50.2 
Liabilities paid/settled(64.5)
Balance at December 31, 2019$42.6 
Liabilities incurred81.6 
Liabilities paid/settled(61.3)
Balance at December 31, 2020$62.9 
Liabilities incurred15.4 
Liabilities paid/settled(43.0)
Balance at December 31, 2021$35.3