Restructuring Costs

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Restructuring provisions were determined based on estimates prepared at the time the restructuring actions were approved by management and are periodically updated for changes. Restructuring amounts also include amounts recognized as incurred.

Restructuring costs, net incurred by reportable business segments for all restructuring activities for the periods indicated are as follows (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Commercial Solutions	$	—	$	2	$	—	$	2
Home Appliances	3		—		4		—
Home Solutions	1		4		3		5
Learning and Development	—		—		1		1
Outdoor and Recreation	—		1		1		1
Corporate	1		1		1		1
	$	5	$	8	$	10	$	10

Accrued restructuring costs activity for the six months ended June 30, 2021 are as follows (in millions):


	Balance at December 31, 2020		Restructuring Costs, Net		Payments		Balance at June 30, 2021
Severance and termination costs	$	7	$	8	$	(6)	$	9
Contract termination and other costs	4		2		(3)		3
	$	11	$	10	$	(9)	$	12

2020 Restructuring Plan

The Company’s 2020 restructuring program, which was initiated during the second quarter of 2020 largely in response to the impact of the COVID-19 pandemic, was designed to reduce overhead costs, streamline certain underperforming operations and improve future profitability. The restructuring costs, which impact all segments, include employee-related costs, including severance and other termination benefits. During the three and six months ended June 30, 2021, the Company recorded restructuring charges of $4 million and $9 million, respectively, and $8 million during the three and six months ended June 30, 2020. In connection with the program, the Company has incurred cumulative charges of $28 million since inception. The Company currently estimates aggregate restructuring charges of approximately $30 million to $35 million to be incurred for projects launched in connection with the program. All cash payments are expected to be paid within one year of charges incurred.

Accelerated Transformation Plan

During the six months ended June 30, 2020 the company recorded restructuring charges of $2 million in connection with the Company's completed Accelerated Transformation Plan (“ATP”). The Company's ATP was designed in part, to divest the Company's non-core consumer businesses and focus on the realignment of the Company's management structure and overall costs structure as a result of the completed divestitures.

Other Restructuring-Related Costs

The Company regularly incurs other restructuring-related costs in connection with various discrete initiatives which are recorded in cost of products sold and SG&A in the Condensed Consolidated Statements of Operations based on the nature of the underlying costs incurred.