RESTRUCTURING AND OTHER CHARGES

The Company continually evaluates its cost structure to be appropriately positioned to respond to changing market conditions. From time to time, the Company may initiate certain restructuring programs to better utilize its workforce and optimize facility utilization to match demand for its products.

Restructuring

During 2016, the Company established restructuring programs in its Cranes segment to transfer production between existing facilities and close certain facilities in order to maximize labor efficiencies and reduce overhead costs, and incurred $77.9 million of expense in 2016 and 2017. The programs are expected to cost $81.1 million, result in the reduction of approximately 1,000 team members and be completed in 2018.

The following table provides information for all restructuring activities by segment regarding the amount of expense incurred during the nine months ended September 30, 2017, the cumulative amount of expenses incurred since inception of the programs through September 30, 2017, and the total amount expected to be incurred (in millions):



	Amount incurred during the nine months ended September 30, 2017			Cumulative amount incurred through September 30, 2017		Total amount expected to be incurred
AWP	$	0.1		$	0.4	$	0.4
Cranes	0.9			77.9		81.1
MP	0.1			0.1		0.2
Corp & Other	(0.3		)	2.6		2.7
Total	$	0.8		$	81.0	$	84.4

The following table provides information by type of restructuring activity with respect to the amount of expense incurred during the nine months ended September 30, 2017, the cumulative amount of expenses incurred since inception of the programs and the total amount expected to be incurred (in millions):



	Employee Termination Costs			Facility Exit Costs		Asset Disposal and Other Costs			Total
Amount incurred during the nine months ended September 30, 2017	$	(0.4	)	$	1.6	$	(0.4	)	$	0.8
Cumulative amount incurred through September 30, 2017	$	60.4		$	3.3	$	17.3		$	81.0
Total amount expected to be incurred	$	62.4		$	6.3	$	15.7		$	84.4

During the nine months ended September 30, 2017, restructuring charges/(reductions) of ($1.2) million and $2.5 million, were included in Cost of Goods Sold (“COGS”) and SG&A, respectively. During the nine months ended September 30, 2016, there were $16.6 million and $6.7 million of restructuring amounts included in COGS and SG&A, respectively.

The following table provides a roll forward of the restructuring reserve by type of restructuring activity for the nine months ended September 30, 2017 (in millions):



	Employee Termination Costs
Restructuring reserve at December 31, 2016	$	56.8
Restructuring reserve increase (decrease)	(0.9		)
Cash expenditures	(14.2		)
Foreign exchange	6.0
Restructuring reserve at September 30, 2017	$	47.7

Other Charges

During the nine months ended September 30, 2017, the Company recorded a $17.8 million reduction to COGS, primarily due to the decrease in severance accruals for our Cranes segment established in the fourth quarter of the prior year as production volumes are expected to exceed earlier forecasts requiring us to maintain a higher headcount. During the nine months ended September 30, 2017, $4.7 million was recorded as a component of SG&A for severance charges across all segments and corporate functions. During the nine months ended September 30, 2016, the Company recorded $3.8 million and $10.5 million as components of COGS and SG&A, respectively, for severance charges across all segments and corporate functions.