XML 20 R10.htm IDEA: XBRL DOCUMENT v3.20.2
Restructuring and Related Charges
6 Months Ended
Jun. 26, 2020
Restructuring and Related Activities [Abstract]  
Restructuring and Related Charges
3.Restructuring and Related Charges
During fiscal 2018 and 2016, the Company launched restructuring programs designed to improve its cost structure. Charges of $100.0 million to $125.0 million were provided for under each program. Each program generally commenced upon substantial completion of the previous program. In addition to the aforementioned programs, the Company has taken restructuring actions to generate synergies from its acquisitions.
Net restructuring and related charges by segment were as follows:
Three Months EndedSix Months Ended
June 26,
2020
June 28,
2019
June 26,
2020
June 28,
2019
Specialty Brands
$0.1  $(0.1) $0.1  $0.4  
Specialty Generics
—  (0.9) 0.1  2.6  
Corporate
14.3  0.8  12.4  1.0  
Restructuring charges, net
$14.4  $(0.2) $12.6  $4.0  

Net restructuring and related charges by program were comprised of the following:
Three Months EndedSix Months Ended
June 26,
2020
June 28,
2019
June 26,
2020
June 28,
2019
2018 Program
$14.5  $(0.9) $14.6  $2.6  
2016 Program
(0.1) 1.5  (0.1) 2.2  
Acquisition Programs
—  (0.8) (1.9) (0.8) 
Total charges expected to be settled in cash
$14.4  $(0.2) $12.6  $4.0  
The following table summarizes cash activity for restructuring reserves, substantially all of which related to contract termination costs, employee severance and benefits and exiting of certain facilities:
2018 Program2016 ProgramAcquisition ProgramsTotal
Balance as of December 27, 2019$2.7  $31.3  $0.2  $34.2  
Charges
14.6  0.1  —  14.7  
Changes in estimate
—  (0.2) (1.9) (2.1) 
Cash payments
(3.3) (30.5) (0.2) (34.0) 
Currency translation and other
—  —  1.9  1.9  
Balance as of June 26, 2020$14.0  $0.7  $—  $14.7  

As of June 26, 2020, net restructuring and related charges incurred cumulative to date were as follows:
2018 Program2016 Program
Specialty Brands$3.0  $68.1  
Specialty Generics10.1  14.6  
Corporate16.5  28.8  
$29.6  $111.5  
All of the restructuring reserves were included in accrued and other current liabilities on the Company's unaudited condensed consolidated balance sheets. Amounts paid in the future may differ from the amount currently recorded.