Restructuring and Other Costs (Income), Net (Tables)

9 Months Ended

Sep. 26, 2020

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs [Table Text Block]

During the third quarter of 2020, the company recorded net restructuring and other costs (income) by segment as follows:

(In millions)	Cost of Revenues		Selling, General and Administrative Expenses		Restructuring and Other Costs, Net		Total
Life Sciences Solutions	$	—	$	(8)	$	10	$	2
Analytical Instruments	—		—		3		3
Specialty Diagnostics	—		(50)		2		(48)
Laboratory Products and Services	1		—		1		2
Corporate	—		3		1		4
	$	1	$	(55)	$	17	$	(37)

During the first nine months of 2020, the company recorded net restructuring and other costs (income) by segment as follows:

(In millions)	Cost of Revenues		Selling, General and Administrative Expenses		Restructuring and Other Costs, Net		Total
Life Sciences Solutions	$	—	$	(8)	$	11	$	3
Analytical Instruments	—		—		22		22
Specialty Diagnostics	—		(4)		8		4
Laboratory Products and Services	5		2		20		27
Corporate	—		3		6		9
	$	5	$	(7)	$	67	$	65

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table summarizes the changes in the company’s accrued restructuring balance. Other amounts reported as restructuring and other costs, net, in the accompanying statement of income have been summarized in the notes to the table. Accrued restructuring costs are included in other accrued expenses in the accompanying balance sheet.

(In millions)	Total (a)
Balance at December 31, 2019	$	34
Net restructuring charges incurred in 2020 (b)	43
Payments	(46)
Currency translation	1
Balance at September 26, 2020	$	32

(a)The movements in the restructuring liability principally consist of severance and other costs such as relocation and moving expenses associated with facility consolidations, as well as employee retention costs which are accrued ratably over the period through which employees must work to qualify for a payment.

(b)Excludes $24 million of charges for impairment of acquired technology in development, fixed asset writedowns and costs associated with environmental remediation at abandoned / previously owned facilities.