Restructuring and Other Items, net

12 Months Ended

Dec. 31, 2021

Restructuring and Other Items, net [Abstract]

Restructuring and Other Items, net

Note 5.  Restructuring and Other Items, net

In the third quarter of 2021, PCA Corporation discontinued the use of PCC at their mill in Jackson, Alabama.  As a result, the Company recorded a non-cash asset write-down of $0.7 million and $0.4 million in severance related and other closure costs for its Paper PCC satellite facility at this mill.

During the third quarter of 2020, Domtar Corporation announced the permanent shut down of their previously idled paper machine at their mill in Ashdown, Arkansas.  As a result, the Company recorded a non-cash asset write-down charge of $1.1 million for its Paper PCC satellite facility at this mill.

During the second quarter of 2020, Verso Papers announced they would be idling two of their paper mills indefinitely.  As a result, the Company recorded a non-cash asset write-down charge of $6.0 million and $0.3 million in severance related costs for its Paper PCC satellite facilities at these mills.  The Company also recorded lease termination costs at one of these closed mills.

During the second quarter of 2019, the Company initiated a restructuring and cost savings program to better align our costs and organizational structure with the current market environment.  The Company recorded a $7.5 million non-cash asset write-down charge related to facilities and equipment no longer operating and deemed to be held for sale or discontinued and $5.7 million in other restructuring costs.

The following table outlines the amount of restructuring charges recorded within the Consolidated Statements of Income and the segments they relate to:

Restructuring and Other Items, net	Year Ended December 31,
(millions of dollars)	2021		2020		2019
Asset Write-Downs
Performance Materials	$	—	$	—	$	5.9
Specialty Minerals		0.7		7.1		1.6
Total asset write-down charges	$	0.7	$	7.1	$	7.5
Severance and other costs
Performance Materials	$	—	$	—	$	2.9
Specialty Minerals		0.4		0.5		0.9
Refractories		—		—		0.8
Corporate		—		—		1.1
Total severance and other employee costs	$	0.4	$	0.5	$	5.7
Total restructuring and other items, net	$	1.1	$	7.6	$	13.2

At December 31, 2021 and 2020, the Company had $2.2 million and $3.6 million, respectively, included within other current liabilities within our Consolidated Balance Sheets for cash expenditures needed to satisfy remaining obligations under these reorganization initiatives.  The Company expects to pay these amounts by the end of 2022.

The following table is a reconciliation of our restructuring liability balance as of December 31, 2021 and 2020:

	December 31,
(millions of dollars)	2021			2020
Restructuring liability, beginning of period	$	3.6		$	5.0
Additional provisions		0.1			0.3
Cash payments		(1.5	)		(1.6	)
Other		—			(0.1	)
Restructuring liability, end of period	$	2.2		$	3.6