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Cost-reduction actions
12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Cost-reduction actions
Note 5 — Cost-reduction actions
During 2021, the company recognized cost-reduction charges and other costs of $23.2 million. The net charges related to work-force reductions were $0.4 million, principally related to severance costs, and were comprised of: (a) a charge of $12.3 million and (b) a credit of $11.9 million for changes in estimates. In addition, the company recorded charges of $22.8 million comprised of $4.0 million for net foreign currency losses related to exiting foreign countries, $12.6 million for asset impairments and $6.2 million for other expenses related to cost-reduction efforts.
During 2020, the company recognized cost-reduction charges and other costs of $95.5 million. The net charges related to work-force reductions were $25.5 million principally, related to severance costs, and were comprised of: (a) a charge of $39.0 million and (b) a credit of $13.5 million for changes in estimates. In addition, the company recorded charges of $70.0 million comprised of $32.3 million for net foreign currency losses related to exiting foreign countries, $24.0 million for asset impairments and $13.7 million for other expenses related to cost-reduction efforts.
During 2019, the company recognized cost-reduction charges and other costs of $28.7 million. The net charges related to work-force reductions were $22.1 million, principally related to severance costs, and were comprised of: (a) a charge of $25.7 million and (b) a credit of $3.6 million for changes in estimates. In addition, the company recorded charges of $6.6 million comprised of $4.6 million for lease abandonment costs, $1.1 million for asset write-offs and $0.9 million for other expenses related to cost-reduction efforts.
The charges (credits) were recorded in the following statement of income (loss) classifications:
 
Year ended December 31,
  
2021
     2020      2019  
Cost of revenue
        
Services
  
$
(2.5
   $ 22.2      $ 10.8  
Technology
  
 
7.6
 
     —           0.2  
Selling, general and administrative
  
 
11.1
 
     38.5        15.5  
Research and development
  
 
3.0
 
     2.5        2.2  
Other (expenses), net
  
 
4.0
 
     32.3        —     
  
 
 
    
 
 
    
 
 
 
Total
  
$
23.2
 
   $ 95.5      $ 28.7  
  
 
 
    
 
 
    
 
 
 
 
Liabilities and expected future payments related to the company’s work-force reduction actions are as follows:
 
     Total      U.S.      International  
Balance at December 31, 2018
   $ 86.2      $ 6.1      $ 80.1  
Additional provisions
     25.7        4.6        21.1  
Payments
     (57.7      (4.0      (53.7
Changes in estimates
     (3.6      (1.5      (2.1
Translation adjustments
     (0.8      —           (0.8
  
 
 
    
 
 
    
 
 
 
Balance at December 31, 2019
     49.8        5.2        44.6  
Additional provisions
     39.0        13.8        25.2  
Payments
     (21.5      (3.2      (18.3
Changes in estimates
     (13.5      (2.7      (10.8
Translation adjustments
     2.1        —           2.1  
  
 
 
    
 
 
    
 
 
 
Balance at December 31, 2020
     55.9        13.1        42.8  
Additional provisions
  
 
12.3
 
  
 
7.9
 
  
 
4.4
 
Payments
  
 
(38.5
  
 
(13.2
  
 
(25.3
Changes in estimates
  
 
(11.9
  
 
(2.1
  
 
(9.8
Translation adjustments
  
 
(1.5
  
 
—   
 
  
 
(1.5
  
 
 
    
 
 
    
 
 
 
Balance at December 31, 2021
  
$
16.3
 
  
$
5.7
 
  
$
10.6
 
  
 
 
    
 
 
    
 
 
 
Expected future payments on balance at December 31, 2021:
        
In 2022
  
$
14.9
 
  
$
5.7
 
  
$
9.2
 
Beyond 2022
  
 
1.4
 
  
 
—   
 
  
 
1.4