Reorganization and Restructuring

12 Months Ended

Dec. 31, 2020

Restructuring and Related Activities [Abstract]

2016 Reorganization and Restructuring

In the fourth quarter of 2016, management implemented restructuring actions across our global business operations and our corporate functions. As a result of these actions, we recognized $18.1 million in related 2016 costs and an additional $17.3 million in 2017 under this restructuring related to severance, asset-related adjustments, a benefit program termination and lease terminations. We recognized an additional $13.0 million in 2018 under this restructuring for severance costs and asset-related adjustments. The actions under this program were substantially completed in 2018, with cumulative pretax charges of approximately $48 million. Severance actions reduced our global workforce by approximately 800 positions.

Other Restructurings

Management periodically implements restructuring actions in targeted sections of our business. As a result of these actions, we recognized net costs of $7.6 million in 2018 and $28.8 million in 2019, primarily severance costs and charges related to the modification of share-based compensations awards in 2019. We recognized $66.6 million net costs in operating profit and $0.6 million costs in interest and other nonoperating income (expense) in 2020, primarily severance costs. For the restructuring actions that have not yet been completed, we expect to incur additional costs between $4 million and $6 million in future periods.

The following table summarizes the costs incurred, payments and utilization, and foreign currency exchange effects of other restructurings:


(In millions)	Severance Costs		Modification of Shared-based Awards	Other	Total

Balance as of December 31, 2018	$	3.3	—	—	3.3
Expense (benefit)	19.7		7.7	1.8	29.2
Payments and utilization	(15.6)		(7.7)	(1.8)	(25.1)
Accrual adjustment	(0.4)		—	—	(0.4)
Foreign currency exchange effects	—		—	—	—
Balance as of December 31, 2019	$	7.0	—	—	7.0
Expense (benefit)	66.5		—	6.8	73.3
Payments and utilization	(57.7)		—	(6.8)	(64.5)
Accrual adjustment	(6.1)		—	—	(6.1)
Foreign currency exchange effects	(0.4)		—	—	(0.4)
Balance as of December 31, 2020	$	9.3	—	—	9.3