Exit or Disposal Cost Obligations

9 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

EXIT OR DISPOSAL COST OBLIGATIONS

On August 17, 2020, we determined to close our aftermarket collision parts (“ACP”) business by the end of 2020. In connection with the closing of the ACP business, we incurred total charges of $36.7 million in 2020, including $36.5 million incurred during the three months ended September 30, 2020, as follows:


Cost Associated with Exit Activity	Total Costs Incurred		Costs Incurred Three Months Ended September 30, 2020		Statement of Operations Line Item
Inventory valuation adjustment	$	17.6	$	20.6	Parts and service cost of sales
Contract termination charges	3.2		7.3		Other (income) expense, net (operating)
Other associated closing costs	2.6		—		Selling, general, and administrative expenses
Accelerated depreciation	3.9		2.9		Depreciation and amortization
Accelerated amortization	3.2		2.1		Selling, general, and administrative expenses
Asset impairment charges	5.1		2.8		Other (income) expense, net (operating)
Involuntary termination benefits	1.1		0.8		Selling, general, and administrative expenses
	$	36.7	$	36.5

Charges incurred are reflected as part of the "Corporate and other" category of our segment information.

The following is a rollforward of liability balances for exit or disposal cost obligations associated with the closing of the ACP business.


	Contract Termination Charges		Other Associated Closing Costs		Involuntary Termination Benefits		Total
Balance at December 31, 2020	$	0.2	$	2.4	$	0.8	$	3.4
Costs incurred	—		—		—		—
Costs paid or otherwise settled	(0.2)		(2.4)		(0.7)		(3.3)
Balance at September 30, 2021	$	—	$	—	$	0.1	$	0.1