Restructuring Charges (Notes)

9 Months Ended

Sep. 30, 2021

Restructuring Costs [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring Costs The Company's results of operations for both the three and nine months ended September 30, 2021 and October 1, 2020 include restructuring costs related to actions the Company has taken to align costs to updated production levels that have been

directed by the Company's customers (restructuring activity). Largely beginning in the first quarter of 2020, the Company's customers, including Boeing and Airbus, significantly reduced their overall production rates as a result of the COVID-19 pandemic and, in the case of Boeing, the B737 MAX grounding. The restructuring activity materially affected the scope of operations and manner in which business is conducted by the Company compared to periods prior to the restructuring activities.

Restructuring costs are presented separately as a component of operating loss on the Condensed Consolidated Statements of Operations. The total restructuring costs of $0.8 and $8.1 for the three and nine months ended September 30, 2021, respectively, largely includes cost related to McAlester and San Antonio site closures. For the three and nine months ended October 1, 2020, total restructuring costs of $19.5 and $68.4, respectively, were comprised of $11.1 and $47.5, respectively, related to involuntary workforce reductions and $8.4 and $20.9, respectively, related to a VRP.

Of the $8.1 total restructuring cost for the nine months ended September 30, 2021, $8.1 was paid during the nine month period ended September 30, 2021.

The costs of the restructuring plan are included in segment operating margins. The total amount for the three and nine months ended September 30, 2021 for each segment was $0.2 and $2.9, respectively, for the Fuselage Systems Segment, $0.0 and ($0.2), respectively, for the Propulsion Systems Segment, and $0.6 and $5.4, respectively, for the Wing Systems Segment. The total amount for the three and nine months ended October 1, 2020 for each segment was $6.6 and $39.1, respectively, for the Fuselage Systems Segment, $3.8 and $14.2, respectively, for the Propulsion Systems Segment, and $9.1 and $15.1, respectively, for the Wing Systems Segment.