Special Items

3 Months Ended

Mar. 31, 2022

Unusual or Infrequent Items, or Both [Abstract]

We incurred charges or realized benefits that either we do not believe to be indicative of our core operations, or we believe are significant to our current operating results warranting separate classification. As such, we separately classified these charges (benefits) as special items.


	Three Months Ended
	March 31, 2022		March 31, 2021
	(In millions)
Employee-related charges
Restructuring	$	0.3	$	3.6
Impairments or asset abandonment charges
Americas - Asset abandonment	0.9		2.9
Americas - Impairment losses(1)	28.6		—
EMEA&APAC - Asset abandonment	0.1		2.1

Termination fees and other (gains) losses
Americas	(3.2)		0.4
EMEA&APAC	0.9		1.9
Total Special items, net	$	27.6	$	10.9

(1)During the three months ended March 31, 2022, we identified a triggering event related to the Truss joint venture asset group within our Americas segment and recognized an impairment loss of $28.6 million, of which $12.1 million was attributable to the noncontrolling interest. The asset group was measured at fair value primarily using a market approach with Level 3 inputs.

Restructuring Activities

As part of our revitalization plan, announced in the fourth quarter of 2019, we established Chicago, Illinois as our Americas segment operational headquarters, closed our office in Denver, Colorado and consolidated certain administrative functions into our other existing office locations. As of December 31, 2021, restructuring charges associated with this plan were substantially complete. Refer to Part II - Item 8. Financial Statements and Supplementary Data, Note 7. "Special Items" in our Annual Report for further details of our revitalization plan. In addition, our restructuring activities include other strategic exit activities such as the disposal or wind down of certain brewery locations.

There were no material changes to our restructuring activities since December 31, 2021, as reported in Part II - Item 8. Financial Statements and Supplementary Data, Note 7, "Special Items" in our Annual Report. We continually evaluate our cost structure and seek opportunities for further efficiencies and cost savings as part of ongoing and new initiatives. As such, we may incur additional restructuring related charges or adjustments to previously recorded charges in the future, however, we are unable to estimate the amount of charges at this time.

The accrued restructuring balances as of March 31, 2022 represent expected future cash payments required to satisfy our remaining obligations, the majority of which we expect to be paid in the next 12 months.


	Americas		EMEA&APAC		Total
	(In millions)
As of December 31, 2021	$	10.9	$	1.5	$	12.4
Charges incurred and changes in estimates	0.3		—		0.3
Payments made	(3.1)		(0.3)		(3.4)
Foreign currency and other adjustments	0.1		(0.1)		—
As of March 31, 2022	$	8.2	$	1.1	$	9.3


	Americas		EMEA&APAC		Total
	(In millions)
As of December 31, 2020	$	24.5	$	2.0	$	26.5
Charges incurred and changes in estimates	3.2		0.4		3.6
Payments made	(10.9)		(0.4)		(11.3)
Foreign currency and other adjustments	0.1		—		0.1
As of March 31, 2021	$	16.9	$	2.0	$	18.9