Reorganization and Restructuring

12 Months Ended

Dec. 31, 2021

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 $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. We recognized $43.6 million net costs in 2021, primarily severance costs. Approximately $6 million of the net costs recognized in 2021 relate to restructuring plans approved by management in 2020. The remaining costs incurred in 2021 relate to restructuring plans approved by management in 2021. Substantially all of the costs from 2021 restructuring plans result from management initiatives to address the COVID-19 pandemic. For the restructuring actions that have not yet been completed, we expect to incur additional costs between $1 million and $3 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		Other	Total

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
Expense (benefit)	37.6		6.0	43.6
Payments and utilization	(35.3)		(6.0)	(41.3)
Accrual adjustment	—		—	—
Foreign currency exchange effects	(0.6)		—	(0.6)
Balance as of December 31, 2021	$	11.0	—	11.0