RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

We have initiated various restructuring actions throughout our businesses during the past two years, including the 2020 Global Restructuring Plan described below. There were no other restructuring actions considered individually significant. The following table summarizes the total restructuring costs presented separately in our Consolidated Condensed Statements of Operations for the three months ended March 31, 2021 and 2020.



For the Three Months Ended March 31	2021		2020
Severance and other employee-related	$	2.4	$	3.1
Asset write-offs	0.6		—
Other	0.6		—
Total restructuring costs	$	3.6	$	3.1
By segment:
Motion Technologies	$	—	$	—
Industrial Process	0.9		0.1
Connect & Control Technologies	2.4		1.5
Corporate and Other	0.3		1.5

The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Condensed Balance Sheet within accrued liabilities, for the three months ended March 31, 2021 and 2020.


	2021		2020
Beginning balance - January 1	$	19.1	$	7.5
Restructuring costs	4.0		3.1
Reversal of prior accruals	(0.4)		—
Cash payments	(4.8)		(3.2)
Asset write-offs	(0.6)		—
Foreign exchange translation and other	(0.4)		(0.2)
Ending balance - March 31	$	16.9	$	7.2
By accrual type:
Severance and other employee-related	$	16.7	$	6.9
Other	0.2		0.3

2020 Global Restructuring Plan

During 2020, we initiated an organizational-wide restructuring plan to reduce the overall cost structure of the Company primarily in response to a reduction in demand from the COVID-19 pandemic. Through March 31, 2021, we have recognized restructuring charges of $45.1, including $43.8 in 2020, which are primarily related to involuntary severance costs. We expect to incur additional restructuring charges of approximately $3 during the remainder of 2021 to complete this action. Cash payments during the three months ended March 31, 2021 were $4.5. The restructuring liability as of March 31, 2021 was $12.8, which we expect to be substantially paid during 2021, and is presented on our Consolidated Condensed Balance Sheet within accrued liabilities.