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Productivity Improvement And Restructuring Initiatives
12 Months Ended
Dec. 31, 2019
Restructuring and Related Activities [Abstract]  
Productivity Improvement And Restructuring Initiatives PRODUCTIVITY IMPROVEMENT AND RESTRUCTURING
The Company’s restructuring activities are undertaken as necessary to implement management’s strategy, streamline operations, take advantage of available capacity and resources, and ultimately achieve net cost reductions. These activities generally relate to the realignment of existing manufacturing capacity and closure of facilities and other exit or disposal activities, as it relates to executing the Company’s strategy, either in the normal course of business or pursuant to significant restructuring programs.
The Company initiated productivity improvements and restructuring related activities during the three years ended December 31,  2019 as summarized below ($ in millions):
 
Employee Severance
and Related
 
Facility Exit
and Related
 
Total
Balance, December 31, 2016
$
11.4

 
$
0.2

 
$
11.6

Costs incurred
27.0

 
8.8

 
35.8

Paid/settled
(18.5
)
 
(8.9
)
 
(27.4
)
Balance, December 31, 2017
$
19.9

 
$
0.1

 
$
20.0

Costs incurred
21.7

 
2.0

 
23.7

Paid/settled
(31.3
)
 
(1.0
)
 
(32.3
)
Balance, December 31, 2018
10.3

 
1.1

 
11.4

Costs incurred
12.9

 
0.1

 
13.0

Paid/settled
(17.6
)
 
(1.2
)
 
(18.8
)
Balance, December 31, 2019
$
5.6

 
$

 
$
5.6


Productivity improvement and restructuring related charges recorded for the years ended December 31 by segment were as follows ($ in millions): 
 
2019
 
2018
 
2017
Specialty Products & Technologies
$
6.5

 
$
10.2

 
$
12.8

Equipment & Consumables
6.5

 
13.5

 
23.0

Total
$
13.0

 
$
23.7

 
$
35.8

The productivity improvement and restructuring related charges incurred during the years ended December 31 are reflected in the following captions in the accompanying Consolidated and Combined Statements of Income ($ in millions):
 
2019
 
2018
 
2017
Cost of sales
$
3.0

 
$
7.8

 
$
6.3

Selling, general and administrative expenses
10.0

 
15.9

 
29.5

Total
$
13.0

 
$
23.7

 
$
35.8