Restructuring Charges (Tables)

12 Months Ended

Dec. 31, 2020

Restructuring and Related Activities [Abstract]

Summary of Restructuring Charges

The following table presents a summary of the restructuring charges included in Operating (loss) income from continuing operations for the year ended December 31, 2020:

(Thousands of dollars)	Year Ended December 31, 2020
Severance	$	25,088
Contract exit costs and other	13,993
Pension and termination benefit charges	10,913
Restructuring charges	$	49,994

Reconciliation of Restructuring Liability

The following table represents a reconciliation of the liability associated with the Company’s restructuring activities at December 31, 2020, which is reflected in Other accrued liabilities on the Consolidated Balance Sheet:

(Thousands of dollars)
Restructuring accruals	$	32,430
Utilizations	(25,500)
Liability at December 31, 2020	$	6,930