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Restructuring (Tables)
9 Months Ended
Sep. 30, 2019
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs The following table summarizes the restructuring charges by business segment in 2019 and cumulatively through September 30, 2019:
 
Severance
 
Other
 
Total
(in millions)
2019
 
Cumulative
 
2019
 
Cumulative
 
2019
 
Cumulative
Fluid Handling
$
0.8

 
$
17.5

 
$

 
$

 
$
0.8

 
$
17.5

Payment & Merchandising Technologies
0.3

 
12.6

 
1.4

 
1.8

 
1.7

 
14.4

Aerospace & Electronics

 
1.3

 
(0.1
)
 
(1.1
)
 
(0.1
)
 
0.2

 
$
1.1

 
$
31.4

 
$
1.3

 
$
0.7

 
$
2.4

 
$
32.1


Restructuring charges included severance and other costs related to such actions, all of which are cash costs. The following table summarizes the restructuring charges in 2019 and cumulatively through September 30, 2019:
 
Severance
 
Other
 
Total
(in millions)
2019
 
Cumulative
 
2019
 
Cumulative
 
2019
 
Cumulative
Payment & Merchandising Technologies
$
0.9

 
$
2.5

 
$
2.8

 
$
2.8

 
$
3.7

 
$
5.3


Schedule of Restructuring Reserve by Type of Cost
To complete these actions, we expect to incur an additional $3.6 million of restructuring and facility consolidation related charges in 2019 and 2020 in each of the segments as follows:
(in millions)
2019
 
2020
 
Total
Fluid Handling
$
1.0

 
$
1.6

 
$
2.6

Payment & Merchandising Technologies
0.3

 

 
0.3

Aerospace & Electronics
0.7

 

 
0.7

 
$
2.0

 
$
1.6

 
$
3.6

The following table summarizes the expected costs by nature of costs and year:
(in millions)
2019
 
2020
 
Total
Restructuring
$
1.0

 
$

 
$
1.0

Facility consolidation
1.0

 
1.6

 
2.6

 
$
2.0

 
$
1.6

 
$
3.6

We expect recurring pre-tax savings subsequent to initiating all actions to approximate $30 million annually.
The following table summarizes the accrual balances related to these restructuring charges: 
(in millions)
Balance at December 31, 2018
 
Expense
(Gain) (1)
 
Utilization
 
Balance at
September 30, 2019
Fluid Handling
 
 
 
 
 
 
 
Severance
$
12.9

 
$
0.8

 
$
(2.8
)
 
$
10.9

Other

 

 

 

Total Fluid Handling
$
12.9

 
$
0.8

 
$
(2.8
)
 
$
10.9

 
 
 
 
 
 
 
 
Payment & Merchandising Technologies
 
 
 
 
 
 
 
Severance
$
9.4

 
$
0.3

 
$
(7.7
)
 
$
2.0

Other

 
1.4

 
(1.4
)
 

Total Payment & Merchandising Technologies
$
9.4

 
$
1.7

 
$
(9.1
)
 
$
2.0

 
 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
 
 
Severance
$
0.9

 
$

 
$
(0.1
)
 
$
0.8

Other

 
(0.1
)
 
0.3

 
0.2

Total Aerospace & Electronics
$
0.9

 
$
(0.1
)
 
$
0.2

 
$
1.0

Total Restructuring
$
23.2

 
$
2.4

 
$
(11.7
)
 
$
13.9

(1) Reflected in our Condensed Consolidated Statements of Operations as “Restructuring charges”