Exit Activities

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

Exit Activities

EXIT ACTIVITIES

As previously mentioned, the Company announced its plans to invest approximately $600 million in a new CRB Mill in Kalamazoo, Michigan. In conjunction with the completion of this project, the Company currently expects to close two of its smaller CRB Mills in 2022 in order to remain capacity neutral.

The Company accounts for the costs associated with these closures in accordance with ASC 360, Impairment or Disposal of Long-Lived Assets ("ASC 360"), ASC 420, Exit or Disposal Costs Obligations ("ASC 420") and ASC 712 Compensation-Nonretirement Post Employment Benefits ("ASC 712"). The Company recorded $14.9 million of exit costs during 2019. Other costs associated with the start up of the new CRB mill will be recorded in the period in which they are incurred.

The following table summarizes the costs incurred during 2019 related to restructuring:

In millions	Location in Statement of Operations	December 31, 2019
Severance costs and other (a)	Business Combinations, Shutdown and Other Special Charges and Gain on Sale of Assets, Net	$	7.7
Accelerated depreciation	Cost of Sales	4.7
Inventory and asset write-offs	Business Combinations, Shutdown and Other Special Charges and Gain on Sale of Assets, Net	2.5
Total		$	14.9

^(a) Costs incurred include activities for post-employment benefits, retention bonuses, incentives and professional services.

The following table summarizes the balance of accrued expenses related to restructuring:

In millions	Total
Balance at December 31, 2018	$	—
Costs incurred	7.7
Payments	(0.6)
Balance at December 31, 2019	$	7.1

The Company currently expects to incur charges associated with these exit activities for post-employment benefits, retention bonuses and incentives in the range of $15 million to $20 million and for accelerated depreciation and inventory and asset write-offs in the range of $50 million to $60 million.