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Restructuring
3 Months Ended
Mar. 31, 2020
Restructuring And Related Activities [Abstract]  
Restructuring

6. RESTRUCTURING

The provisions in the three months period ended March 31, 2020 of $1.7 million mainly relate to the structural efficiency program initiated in the second quarter of 2019 and is expected to be concluded in the second quarter of 2020. For the three months period ended March 31, 2020, cash payments of $4.4 million mainly relate to the structural efficiency program initiated in 2019.

As of March 31, 2020, approximately $48 million out of the $52.1 million total reserve balance can be attributed to the structural efficiency program. The remaining balance relates to older restructuring programs, primarily in Western Europe, which is expected to be settled in 2021.

The table below summarizes the change in the balance sheet position of the employee related restructuring reserves (dollars in millions). The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. Restructuring costs other than employee related costs are immaterial for all periods presented.

 

 

 

Three months ended March 31

 

 

 

2020

 

 

2019

 

Reserve at beginning of the period

 

$

56.1

 

 

$

33.4

 

Provision - charge

 

 

1.7

 

 

 

0.8

 

Provision - reversal

 

 

(0.1

)

 

 

(0.1

)

Cash payments

 

 

(4.4

)

 

 

(5.1

)

Translation difference

 

 

(1.2

)

 

 

(0.5

)

Reserve at end of the period

 

$

52.1

 

 

$

28.5