RESTRUCTURING INITIATIVES

3 Months Ended

Mar. 31, 2022

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 was the Beauty + Home segment; however, certain global general and administrative functions were also addressed. For the three months ended March 31, 2022 and 2021, we recognized $0.3 million and $3.7 million of restructuring expenses related to this plan, respectively. As of the end of 2021, we had successfully completed the vast majority of our planned initiatives related to our transformation plan and do not expect significant additional restructuring expenses related to this plan going forward. The cumulative expense incurred as of March 31, 2022 was $136.5 million.

As of March 31, 2022 we have recorded the following activity associated with the business transformation:


	Beginning Reserve at 12/31/2021		Net Charges for the Three Months Ended 3/31/2022		Cash Paid		Interest and FX Impact		Ending Reserve at 3/31/2022
Employee severance	$	3,535	$	218	$	(1,574)	$	84	$	2,263
Professional fees and other costs	260		73		(291)		(2)		40
Totals	$	3,795	$	291	$	(1,865)	$	82	$	2,303