OTHER EXPENSE (INCOME)

9 Months Ended

Sep. 30, 2020

Other Income and Expenses [Abstract]

The components of other (income) expense from continuing operations were as follows:


	Nine Months Ended September 30,				Three Months Ended September 30,
	2020		2019		2020		2019


Restructuring charges 1	$	7.6	$	5.3	$	5.1	$	3.4

Currency loss (income)	.3		1.2		1.9		(.6)

Gain from diversified investments associated with Executive Stock Unit Program (See Note 8)	(1.1)		(4.8)		(2.3)		(.3)
COVID-19 government subsidies 2	(18.4)		—		(7.0)		—
Other expense (income)	.3		(2.1)		2.1		(1.0)
	$	(11.3)	$	(.4)	$	(.2)	$	1.5

1 We incurred severance expense, primarily for permanent workforce reductions, in the third and second quarters of 2020 of $5.1 and $1.9, respectively, associated with changes in management and organizational structure in response to the effect the COVID-19 pandemic has had on the nature and focus of our operations. See Note 18 for additional information. Additionally, for the three and nine months ended September 30, 2020, we incurred $.6 and $1.6 of restructuring-related expenses associated with writedowns of inventories (reported in cost of goods sold) and long-lived asset impairments (reported in impairments) related to the wind down of the 2018 Restructuring Plan.

2 This represents government subsidies in our international locations, which do not contain material restrictions on our operations, sources of funding or otherwise. In the U.S., we are deferring our payment of employer's Social Security match into 2021 and 2022 as provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Through September 30, 2020, we have deferred $12.1, and we expect to defer $18.8 in total for 2020. Half of the amount will be paid in 2021 and half in 2022. In August 2020, an executive order was issued which also allowed for the deferral of employee social security withholding and payment during September – December 2020. We did not elect to participate in the employee deferral program.