Restructuring Costs

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

During 2019, we incurred costs for restructuring actions initiated in 2019 as well as costs relating to restructuring actions initiated in the prior year. Our restructuring actions are associated with cost reduction efforts that include the consolidation of manufacturing and distribution facilities, as well as, workforce reductions and the sale or exit of business units we determine to be non-strategic. Restructuring costs are primarily severance and employee benefits, asset impairments, as well as facility closure, contract termination and certain pension costs that are directly related to restructuring actions. These costs are predominantly settled in cash from our operating activities and are generally settled within one year, with the exception of asset impairments, which are non-cash.

Pre-tax restructuring costs incurred in each of our segments and the location of the costs in the Consolidated Statement of Income for the years ended December 31, 2019, 2018 and 2017 are as follows (in millions):



	Twelve Months Ended December 31, 2019						Twelve Months Ended December 31, 2018						Twelve Months Ended December 31, 2017
	Electrical		Power		Total		Electrical		Power		Total		Electrical		Power		Total
Restructuring costs
Cost of goods sold	$	12.5	$	9.8	$	22.3	$	4.9	$	3.3	$	8.2	$	11.5	$	2.2	$	13.7
S&A expense	8.0		1.7		9.7		3.4		0.4		3.8		5.4		1.2		6.6
Total restructuring costs	$	20.5	$	11.5	$	32.0	$	8.3	$	3.7	$	12.0	$	16.9	$	3.4	$	20.3

The following table summarizes the accrued liabilities for our restructuring actions (in millions):



	Beginning Accrued Restructuring Balance 1/1/19		Pre-tax Restructuring Costs		Utilization and Foreign Exchange			Ending Accrued Restructuring Balance 12/31/19
2019 Restructuring Actions
Severance	$	—	$	16.6	$	(8.3	)	$	8.3
Asset write-downs	—		4.8		(4.8		)	—
Facility closure and other costs	—		7.7		(7.6		)	0.1
Total 2019 Restructuring Actions	$	—	$	29.1	$	(20.7	)	$	8.4
2018 and Prior Restructuring Actions
Severance	$	7.7	$	0.3	$	(5.0	)	$	3.0
Asset write-downs	—		0.3		(0.3		)	—
Facility closure and other costs	13.3		2.3		(9.6		)	6.0
Total 2018 and Prior Restructuring Actions	$	21.0	$	2.9	$	(14.9	)	$	9.0
Total Restructuring Actions	$	21.0	$	32.0	$	(35.6	)	$	17.4

The actual and expected pre-tax costs for our restructuring actions are as follows (in millions):



	Expected Costs		Costs incurred in 2017		Costs incurred in 2018			Costs incurred in 2019		Remaining costs at 12/31/19
2019 Restructuring Actions
Electrical Segment	$	21.2	$	—	$	—		$	18.3	$	2.9
Power Segment	21.0		—		—			10.8		10.2
Total 2019 Restructuring Actions	$	42.2	$	—	$	—		$	29.1	$	13.1
2018 Restructuring Actions
Electrical Segment	$	12.5	$	—	$	8.6		$	2.2	$	1.7
Power Segment	4.8		—		4.1			0.7		—
Total 2018 Restructuring Actions	$	17.3	$	—	$	12.7		$	2.9	$	1.7
2017 and Prior Restructuring Actions
Electrical Segment	$	16.6	$	16.9	$	(0.3	)	$	—	$	—
Power Segment	3.0		3.4		(0.4		)	—		—
Total 2017 and Prior Restructuring Actions	$	19.6	$	20.3	$	(0.7	)	$	—	$	—
Total Restructuring Actions	$	79.1	$	20.3	$	12.0		$	32.0	$	14.8