Restructuring

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring

RESTRUCTURINGIn accordance with the applicable guidance for ASC 712, "Nonretirement Postemployment Benefits," we accounted for termination benefits and recognized liabilities when the loss was considered probable that employees were entitled to benefits and the amounts could be reasonably estimated.

During the years ended December 31, 2021, 2020 and 2019, we incurred costs for termination benefits of $38.7 million, $71.9 million, and $34.4 million, respectively. Pretax charges during the year ended December 31, 2021 primarily relate to additional employee severance charges within Europe that were not included in the previously announced global restructuring made in July 2020 as the required works council consultations and other local legal requirements were completed during 2021. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 24 months.

The following table summarizes the activity related to the termination benefit reserves and expenses for the years ended December 31, 2021, 2020 and 2019:

Balance at January 1, 2019	$	102.7
Expense recorded	34.4
Payments made	(57.3)
Foreign currency translation	(1.8)
Balance at December 31, 2019	$	78.0
Expense recorded	71.9
Payments made	(99.8)
Foreign currency translation	5.7
Balance at December 31, 2020	$	55.8
Expense recorded	38.7
Payments made	(33.3)
Foreign currency translation	(3.7)
Balance at December 31, 2021	$	57.5

During September 2021, we completed the sale of our manufacturing facility in Mechelen, Belgium, which stopped operating during 2020 as a result of actions taken to reduce operational costs via a manufacturing footprint rationalization announced in 2018. The sale resulted in a gain of $8.9 million during the year ended December 31, 2021, of which $1.0 million is included in cost of goods sold and $7.9 million is included in other operating charges in the consolidated statements of operations.

During December 2021, we completed the sale of two other sites resulting in proceeds of $16.9 million and net gains of $10.0 million, which is included in other operating charges in the consolidated statements of operations.

During 2021, we received proceeds in exchange for land use rights of $8.5 million, resulting in a gain of $1.8 million, which is included in other operating charges in the consolidated statements of operations.