Restructuring Charges

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Restructuring Charges

Note 8. Restructuring Charges

During the first quarter of 2021, the Company initiated a restructuring plan (the "2021 Restructuring Plan") driven by recent acquisitions and strategic changes and designed to enable reinvestment in certain key priority areas, which resulted in severance, facility consolidations, contract terminations, and other exit related costs. The 2021 Restructuring Plan activities are expected to be substantially completed during the first half of 2022.

During the three and six months ended June 30, 2021, the Company recorded a $0.9 million benefit and $13.8 million charge related to severance for workforce reductions and $2.3 million and $6.9 million in facility consolidation costs, respectively. During the second quarter of 2021, the Company also recorded $20.2 million in contract termination and other costs, which included $5.3 million in impairment charges associated with the restructuring activities. These costs were reported as restructuring charges in the Condensed Consolidated Statements of Operations.

Restructuring liabilities are reported within other accrued liabilities in the Condensed Consolidated Balance Sheets. The following table provides a summary of changes in the restructuring liabilities for the Company's 2021 Restructuring Plan and prior year plan (in millions):

	December 31, 2020		Charges		Cash Payments		Other		June 30, 2021
Severance	$	50.7	$	13.8	$	(62.9)	$	1.0	$	2.6
Facility consolidations	—		6.9		(0.2)		(6.3)		0.4
Contract terminations and other	—		20.2		—		(5.3)		14.9
Total	$	50.7	$	40.9	$	(63.1)	$	(10.6)	$	17.9