Restructuring and Repositioning Expenses, Asset Impairments (Tables)

6 Months Ended

Jun. 30, 2020

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Expenses

(In millions)	Severance/employee costs	Asset Impairments	Other Associated Costs	Total Restructuring	Repositioning	Total Costs	Capital Expenditures
2019 Plan: (1)
Estimated Total Costs	$2-3	$1	$1-2	$4-6	$11-12	$15-18	$2-3
Cumulative Costs to Date	$0.9	$0.9	$0.3	$2.1	$10.4	$12.5	$1.7
2019 Phase 2 Plan: (2)
Estimated Total Costs	$13-16	$—	$3-4	$16-20	$7-8	$23-28	$2
Cumulative Costs to Date	$4.8	$0.3	$—	$5.1	$4.3	$9.4	$0.4

⁽¹⁾As of June 30, 2020, the cumulative restructuring costs incurred under the 2019 Plan since its inception were $2.1 million, of which $1.7 million was related to the SCC segment and $0.4 million was related to the SBM segment.

⁽²⁾As of June 30, 2020, the cumulative restructuring costs recognized under the 2019 Phase 2 Plan since its inception were $5.1 million, of which $3.0 million was attributable to the SCC segment and $2.1 million was attributable to the SBM segment. Estimated total pre-tax costs expected to be incurred in connection with the 2019 Phase 2 Plan decreased by approximately $2 million from the prior estimate due to lower than expected severance costs.

The following tables represent the repositioning expenses incurred and cash payments made under the plans discussed above and other plans during each period:

	Three Months Ended June 30, 2020
(In millions)	2019 Plan		2019 Plan Phase 2		Strategic Alternatives Plan		2018 Plan		2017 Plan		Total
Repositioning Expenses	$	0.2	$	0.7	$	—	$	0.1	$	—	$	1.0
Cash Paid for Repositioning Expenses	1.2		1.3		0.8		—		0.2		3.5
Capital Expenditures	0.5		0.2		—		0.2		0.7		1.6
Cash Paid for Capital Expenditures	0.5		0.1		—		0.3		0.6		1.5

	Six Months Ended June 30, 2020
(In millions)	2019 Plan		2019 Plan Phase 2		Strategic Alternatives Plan		2018 Plan		2017 Plan		Total
Repositioning Expenses	$	1.6	$	1.9	$	—	$	0.1	$	0.1	$	3.7
Cash Paid for Repositioning Expenses	4.5		2.8		1.0		—		0.2		8.5
Capital Expenditures	0.9		0.3		—		0.5		0.9		2.6
Cash Paid for Capital Expenditures	0.8		0.2		—		0.4		1.2		2.6

	Three Months Ended June 30, 2019
(In millions)	2019 Plan		2019 Plan Phase 2		Strategic Alternatives Plan		2018 Plan		2017 Plan		Total
Repositioning Expenses	$	1.3	$	—	$	2.5	$	1.8	$	0.2	$	5.8
Cash Paid for Repositioning Expenses	1.9		—		—		2.6		0.3		4.8
Capital Expenditures	0.2		—		—		—		0.9		1.1
Cash Paid for Capital Expenditures	0.2		—		—		—		1.0		1.2

	Six Months Ended June 30, 2019
(In millions)	2019 Plan		2019 Plan Phase 2		Strategic Alternatives Plan		2018 Plan		2017 Plan		Total
Repositioning Expenses	$	3.3	$	—	$	2.5	$	5.1	$	0.3	$	11.2
Cash Paid for Repositioning Expenses	2.1		—		—		7.7		1.5		11.3
Capital Expenditures	0.3		—		—		—		1.9		2.2
Cash Paid for Capital Expenditures	0.2		—		—		—		1.1		1.3

	As of June 30, 2020
(In millions)	2019 Plan		2019 Plan Phase 2		Strategic Alternatives Plan		2018 Plan		2017 Plan
Cumulative Repositioning Expenses	$	10.4	$	4.3	$	3.1	$	10.7	$	9.7
Cumulative Cash Paid for Repositioning Expenses	10.1		3.8		3.0		10.7		9.6
Cumulative Capital Expenditure	1.7		0.4		—		1.4		13.3
Cumulative Cash Paid for Capital Expenditures	1.4		0.2		—		1.2		12.5

The following restructuring expenses and asset impairment charges were incurred under the plans discussed above and other plans during each period:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2020		2019		2020		2019
Severance and other employee costs	$	—	$	0.2	$	1.9	$	0.5
Asset impairments	0.2		3.8		1.2		4.0
Other associated costs	0.2		0.5		0.4		0.7
Total restructuring expenses and asset impairments	$	0.4	$	4.5	$	3.5	$	5.2
Less: restructuring expenses and asset impairments reflected in discontinued operations	—		0.1		—		0.2
Total restructuring expenses and asset impairments from continuing operations	$	0.4	$	4.4	$	3.5	$	5.0

GCP incurred restructuring expenses and asset impairment charges related to its two operating segments and Corporate function as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2020		2019		2020		2019
SCC	$	0.3	$	1.3	$	2.6	$	1.9
SBM	0.1		3.2		0.9		3.2
Corporate	—		(0.1)		—		(0.1)
Total restructuring expenses and asset impairments from continuing operations	$	0.4	$	4.4	$	3.5	$	5.0
Restructuring expenses and asset impairments reflected in discontinued operations	—		0.1		—		0.2
Total restructuring expenses and asset impairments	$	0.4	$	4.5	$	3.5	$	5.2

Schedule of Restructuring Liability

The following table summarizes the Company’s restructuring liability activity:

	2019 Plan				2019 Phase 2 Plan		2018 Plan				2017 Plan
(In millions)	Severance and other employee costs		Other Costs		Severance and other employee costs		Severance and other employee costs		Other Costs		Severance and other employee costs		Total
Balance, December 31, 2019	$	0.2	$	—	$	0.9	$	1.0	$	0.4	$	0.2	$	2.7
Expense(1)	0.2		0.2		1.7		—		—		—		2.1
Payments	(0.1)		—		(0.6)		(0.2)		(0.3)		(0.1)		(1.3)
Impact of foreign currency and other	—		—		—		(0.1)		(0.1)		—		(0.2)
Balance, March 31, 2020	$	0.3	$	0.2	$	2.0	$	0.7	$	—	$	0.1	$	3.3
Expense(1)	—		0.1		—		—		0.1		—		0.2
Payments	(0.1)		(0.1)		(0.3)		(0.1)		(0.1)		—		(0.7)
Balance, June 30, 2020	$	0.2	$	0.2	$	1.7	$	0.6	$	—	$	0.1	$	2.8

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(1)Asset impairment charges of $0.1 million and $1.1 million, respectively, are attributable to the SCC segment and related to the 2019 Plan and 2019 Phase 2 Plan during the three and six months ended June 30, 2020. Asset impairment charges of $0.1 million are attributable to the SBM segment and related to the 2019 Phase 2 Plan during each of the three and six months ended June 30, 2020. These asset impairments are recorded with a corresponding reduction to "Properties and equipment, net" in the accompanying unaudited Consolidated Balance Sheets. These expenses are not recorded with a corresponding reduction to the restructuring liability and therefore, are not included in the table above.