Restructuring and Restructuring Related Charges

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

Restructuring and Restructuring Related Charges

We implemented various cost reduction initiatives to improve our operating cost structures in the periods presented. These cost initiatives have, among other actions, included workforce reductions and the closure or consolidation of certain operations. Except for the 2018 Restructuring Plan (Plan) discussed below, none of these initiatives has individually resulted in a material charge to earnings.

In December 2018, we committed to the Plan primarily associated with our Furniture Products segment, including the Home Furniture Group (which produces furniture components for the upholstered furniture industry) and the Fashion Bed business (which supplied ornamental beds, bed frames and other sleep accessories sold to retailers). Both of these businesses had underperformed expectations primarily from weaker demand and higher raw material costs. These restructuring activities were substantially complete as of December 31, 2019, including the closure of the Fashion Bed business.

In 2019, we modified the Plan to include three small facilities in the Residential Products segment and one operation in the Industrial Products segment, most of which were substantially complete by the end of the year. Our total costs for this Plan are expected to be approximately $32.0 and to date we have incurred costs of $31.4. The following table presents information associated with this Plan:



	Total Amount Incurred to Date		Total Incurred Full Year 2019		Total Incurred Full Year 2018
2018 Restructuring Plan
Restructuring and restructuring-related	$	18.7	$	7.5	$	11.2
Impairment costs associated with this plan	12.7		7.6		5.1
	$	31.4	$	15.1	$	16.3
Amount of total that represents cash charges	$	14.9	$	8.0	$	6.9

The table below presents all restructuring and restructuring-related activity for the periods presented; the majority of the 2019 and 2018 costs are related to the Plan:



	Year Ended December 31
	2019			2018		2017
Charged to other expense (income), net:
Severance and other restructuring costs	$	8.1		$	7.8	$	.8
Charged to cost of goods sold:
Inventory obsolescence and other	(.5		)	4.6		.5
Total restructuring and restructuring-related costs	$	7.6		$	12.4	$	1.3
Amount of total that represents cash charges	$	8.1		$	7.8	$	.8

Restructuring and restructuring-related charges by segment were as follows:



	Year Ended December 31
	2019		2018		2017
Residential Products	$	3.3	$	1.4	$	—
Industrial Products	1.0		.2		.8
Furniture Products	3.3		10.8		.5
Total	$	7.6	$	12.4	$	1.3

The accrued liability associated with our total restructuring initiatives consisted of the following:



	Balance at December 31, 2017		Add: 2018 Charges		Less: 2018 Payments		Balance at December 31, 2018		Add: 2019 Charges		Less: 2019 Payments		Balance at December 31, 2019
Termination benefits	$	.3	$	7.3	$	1.0	$	6.6	$	4.7	$	7.8	$	3.5
Contract termination costs	—		—		—		—		.4		.4		—
Other restructuring costs	.5		.5		.4		.6		3.0		2.9		.7
	$	.8	$	7.8	$	1.4	$	7.2	$	8.1	$	11.1	$	4.2