XML 32 R33.htm IDEA: XBRL DOCUMENT v3.20.1
RESTRUCTURING COSTS (Tables)
9 Months Ended
Mar. 31, 2020
Restructuring and Related Activities [Abstract]  
Restructuring costs
Restructuring costs for the three and nine months ended March 31, 2020 and 2019 are presented below:
Three Months Ended
March 31,
Nine Months Ended
March 31,
2020201920202019
Turnaround Plan$6.0  $—  $152.6  $—  
Global Integration Activities(11.8) 2.6  (16.2) 31.3  
2018 Restructuring Actions(0.9) 4.5  (1.9) 13.3  
Other Restructuring—  (0.4) (0.3) (0.9) 
Total$(6.7) $6.7  $134.2  $43.7  
The following table presents aggregate restructuring charges for the program:
Severance and Employee BenefitsThird-Party Contract TerminationsFixed Asset Write-offsOther Exit CostsTotal
Cumulative through March 31, 2020$146.7  $0.1  $(0.3) $6.1  $152.6  
The following table presents aggregate restructuring charges for the program:
Severance and Employee BenefitsThird-Party Contract TerminationsFixed Asset Write-offsOther Exit CostsTotal
Fiscal 2017$333.9  $22.4  $4.6  $4.1  $365.0  
Fiscal 201867.5  19.3  14.3  5.4  106.5  
Fiscal 2019(6.0) 4.5  27.8  2.2  28.5  
Fiscal 2020(10.5) (5.6) —  (0.1) (16.2) 
Cumulative through March 31, 2020$384.9  $40.6  $46.7  $11.6  $483.8  
The following table presents aggregate restructuring charges for the program:
Severance and Employee BenefitsThird-Party Contract TerminationsFixed Asset Write-offsOther Exit CostsTotal
Fiscal 2018$63.5  $0.2  $1.3  $3.4  $68.4  
Fiscal 201915.4  (0.1) —  1.5  16.8  
Fiscal 2020  (1.9) —  —  —  (1.9) 
Cumulative through March 31, 2020  $77.0  $0.1  $1.3  $4.9  $83.3  
Schedule of related liability balance and restructuring costs
The related liability balance and activity for the Turnaround Plan restructuring costs are presented below:
Severance and Employee BenefitsThird-Party Contract TerminationsFixed Asset Write-offsOther Exit CostsTotal
Balance—July 1, 2019$—  $—  $—  $—  $—  
Restructuring charges159.6  0.1  (0.3) 6.1  165.5  
Payments(13.5) —  —  (3.9) (17.4) 
Changes in estimates(12.9) —  —  —  (12.9) 
Non-cash utilization—  —  0.3  —  0.3  
ASC 842 adoption adjustment—  —  —  (1.5) (1.5) 
Effect of exchange rates(0.1) —  —  —  (0.1) 
Balance—March 31, 2020$133.1  $0.1  $—  $0.7  $133.9  
The related liability balance activity for the Global Integration Activities restructuring costs are presented below:
Severance and
Employee
Benefits
Third-Party
Contract
Terminations
Other
Exit
Costs
Total
Program
Costs
Balance—July 1, 2019  $53.7  $11.7  $1.6  $67.0  
ASC 842 adoption adjustment—  —  (1.5) (1.5) 
Payments  (22.1) (3.3) —  (25.4) 
Changes in estimates(10.5) (5.6) (0.1) (16.2) 
Effect of exchange rates  (1.2) —  —  (1.2) 
Balance—March 31, 2020  $19.9  $2.8  $—  $22.7  
The related liability balance and activity of restructuring costs for the 2018 Restructuring Actions are presented below:
Severance and
Employee
Benefits
Third-Party
Contract
Terminations
Other Exit Costs
Total
Program
Costs
Balance—July 1, 2019  $15.5  $0.1  $1.5  $17.1  
Payments  (8.2) (0.1) —  (8.3) 
Changes in estimates  (1.9) —  —  (1.9) 
ASC 842 adoption adjustment  —  —  (1.2) (1.2) 
Effect of exchange rates  (0.3) —  —  (0.3) 
Balance—March 31, 2020  $5.1  $—  $0.3  $5.4