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Restructuring
12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring

Note 12 — Restructuring

We recognized restructuring charges of $7.6 million for the year ended December 31, 2022 primarily related to severance and asset impairments. Anticipated future cash payments as of December 31, 2022 were $5.4 million.

We recognized restructuring charges of $18.8 million for the year ended December 31, 2021 primarily related to severance and asset impairments. For the year ended December 31, 2020, we had restructuring charges of $42.8 million of which $10.1 million related to asset impairments as part of the planned closure of our Windsor, Colorado plant and the remainder was for severance costs related to additional job reductions. Restructuring charges are recorded in Other Operating Expense on the Consolidated Statements of Operations.

 

 

December 31,

 

 

Restructuring

 

 

 

 

 

Cash

 

 

 

 

 

December 31,

 

(In Millions)

2021

 

 

Charge

 

 

FX Impact

 

 

Paid

 

 

Non-Cash

 

 

2022

 

Employee termination

$

9.0

 

 

$

3.1

 

 

$

(0.3

)

 

$

(6.4

)

 

$

 

 

$

5.4

 

Impairment and other

 

 

 

 

4.5

 

 

 

 

 

 

(2.2

)

 

 

(2.3

)

 

 

 

Total

$

9.0

 

 

$

7.6

 

 

$

(0.3

)

 

$

(8.6

)

 

$

(2.3

)

 

$

5.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

 

 

 

Cash

 

 

 

 

 

December 31,

 

(In Millions)

2020

 

 

Charge

 

 

FX Impact

 

 

Paid

 

 

Non-Cash

 

 

2021

 

Employee termination

$

14.2

 

 

$

11.8

 

 

$

(1.0

)

 

$

(16.0

)

 

$

 

 

$

9.0

 

Impairment and other

 

 

 

 

7.0

 

 

 

 

 

 

(4.3

)

 

 

(2.7

)

 

 

 

Total

$

14.2

 

 

$

18.8

 

 

$

(1.0

)

 

$

(20.3

)

 

$

(2.7

)

 

$

9.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

 

 

 

Cash

 

 

 

 

 

December 31,

 

(In Millions)

2019

 

 

Charge

 

 

FX Impact

 

 

Paid

 

 

Non-Cash

 

 

2020

 

Employee termination

$

1.6

 

 

$

32.3

 

 

$

0.1

 

 

$

(20.6

)

 

$

0.8

 

 

$

14.2

 

Impairment and other

 

 

 

 

10.5

 

 

 

 

 

 

(1.0

)

 

 

(9.5

)

 

 

 

Total

$

1.6

 

 

$

42.8

 

 

$

0.1

 

 

$

(21.6

)

 

$

(8.7

)

 

$

14.2