Restructuring

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

During the three months ended March 31, 2020 and the year ended December 31, 2019, we initiated and continued execution of certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. Specifically in the first three months of 2020, the initiatives were executed primarily in response to the decrease in expected demand attributed to the effect of the COVID-19 pandemic and significant decline in oil and gas prices. Initiatives during the three months ended March 31, 2020 included the reduction in hourly and salaried headcount of approximately 100 employees.

Restructuring related costs included in Selling, general and administrative expense in the Condensed Consolidated Statements of Income and Comprehensive Income included costs for severance and other restructuring costs as follows:


	Three months ended
In millions	March 31, 2020		March 31, 2019
Severance and related costs	$	3.5	$	2.8
Other	0.8		0.8
Total restructuring costs	$	4.3	$	3.6

Other restructuring costs primarily consist of asset impairment and various contract termination costs.

Restructuring costs by reportable segment were as follows:


	Three months ended
In millions	March 31, 2020		March 31, 2019
Enclosures	$	3.1	$	—
Thermal Management	1.1		2.0
Electrical & Fastening Solutions	—		0.9
Other	0.1		0.7
Total	$	4.3	$	3.6

Activity related to accrued severance and related costs recorded in Other current liabilities in the Condensed Consolidated Balance Sheets is summarized as follows for the three months ended March 31, 2020:


In millions	March 31, 2020
Beginning balance	$	9.5

Costs incurred	3.5
Cash payments and other	(3.1)
Ending balance	$	9.9