RESTRUCTURING INITIATIVES

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

In late 2017, we began a business transformation to drive profitable sales growth, increase operational excellence, enhance our approach to innovation and improve organizational effectiveness. The primary focus of the plan is the Beauty + Home segment; however, certain global general and administrative functions have also been addressed. During 2021, 2020 and 2019, we recognized $23.2 million, $26.5 million and $20.5 million of restructuring costs related to this plan, respectively. During 2020, $2.5 million of the $26.5 million recognized was related to asset impairment. As of the end of 2021, we have successfully completed the vast majority of our planned initiatives related to our transformation plan and do not expect additional restructuring expenses related to this plan going forward. The cumulative expense incurred as of December 31, 2021 was $136.2 million. We have also made total capital investments of approximately $50 million related to this plan.

As of December 31, 2021 we have recorded the following activity associated with the transformation plan:


	Beginning Reserve at 12/31/2020		Net Charges for the Year Ended 12/31/2021		Cash Paid		Interest and FX Impact		Ending Reserve at 12/31/2021
Employee severance	$	7,956	$	2,225	$	(6,412)	$	(234)	$	3,535
Professional fees and other costs	2,533		21,015		(23,220)		(68)		260
Totals	$	10,489	$	23,240	$	(29,632)	$	(302)	$	3,795