Reorganization and Restructuring

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Other Restructurings

Management periodically implements restructuring actions in targeted sections of our business. As a result of these actions, we recognized net costs of $20.5 million in the first nine months of 2019, primarily severance costs and charges related to the modification of share-based compensation awards. We recognized $49.7 million net costs in operating profit and $0.6 million costs in interest and other nonoperating income (expense) in the first nine months of 2020, primarily severance costs. For the restructuring actions that have not yet been completed, we expect to incur additional costs between $9 million and $11 million in future periods.

The following table summarizes the changes in the accrued liability for costs incurred, payments and utilization, and foreign currency exchange effects of other restructurings:


(In millions)	Severance Costs		Other	Total

Balance as of January 1, 2020	$	7.0	—	7.0
Expense	51.7		4.7	56.4
Payments and utilization	(44.9)		(4.7)	(49.6)
Accrual adjustment	(6.1)		—	(6.1)
Foreign currency exchange effects	(0.6)		—	(0.6)
Balance as of September 30, 2020	$	7.1	—	7.1