Restructuring and Other Items, net

9 Months Ended

Oct. 02, 2022

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.

At October 2, 2022, the Company had $1.9 million included within accrued liabilities in the Condensed Consolidated Balance Sheet for cash expenditures needed to satisfy remaining obligations under workforce reduction 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 October 2, 2022:

(millions of dollars)
Restructuring liability, December 31, 2021	$	2.2
Additional provision		—
Cash payments		(0.3	)
Restructuring liability, October 2, 2022	$	1.9