XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.2
Restructuring Costs
9 Months Ended
Sep. 30, 2021
Restructuring and Related Activities [Abstract]  
Restructuring Costs RESTRUCTURING COSTS
Restructuring costs include expenses associated with the Company's efforts to continually improve operational efficiency and reposition its assets to remain competitive on a worldwide basis. Plant closing and other costs include costs of moving fixed assets, employee training, relocation, and facility costs.
Restructuring costs by business segment were as follows:
Three Months Ended September 30, 2021Three Months Ended September 30, 2020Nine Months Ended September 30, 2021Nine Months Ended September 30, 2020
Americas$0.3 $13.7 $2.4 $14.8 
Asia Pacific— 10.6 3.4 10.8 
Europe, Middle East & Africa(1)
(4.1)41.4 (6.8)42.2 
Corporate— 6.0 0.3 5.2 
Total$(3.8)$71.7 $(0.7)$73.0 
(1)    During the third quarter of 2021, a previously recorded restructuring reserve was reversed due to the planned sale of a heavy industrial UPS business, refer to Note 2 for more information.
The change in the liability for the restructuring of operations during the nine months ended September 30, 2021 were as follows:
December 31, 2020 ExpensePaid/Utilized September 30, 2021
Severance and benefits$68.9 $(4.8)$(21.0)$43.1 
Plant closing and other0.4 4.1 (3.9)0.6 
Total$69.3 $(0.7)$(24.9)$43.7 
The change in the liability for the restructuring of operations during the nine months ended September 30, 2020 were as follows:
December 31, 2019 ExpensePaid/Utilized September 30, 2020
Severance and benefits$21.6 $70.7 $(15.6)$76.7 
Plant closing and other0.6 2.3 (2.3)0.6 
Total$22.2 $73.0 $(17.9)$77.3