XML 70 R53.htm IDEA: XBRL DOCUMENT v3.22.0.1
Realignment and Transformation Programs (Tables)
 12 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
December 31, 2021
 (Amounts in thousands)FPDFCDSubtotal–Reportable Segments All OtherConsolidated Total
Restructuring Charges
     COS $8,046 $811 $8,857 $— $8,857 
     SG&A(1)665 (9)656 — 656 
$8,711 $802 $9,513 $— $9,513 
Non-Restructuring Charges   
     COS$6,203 $1,196 $7,399 $590 $7,989 
     SG&A368 708 1,076 3,913 4,989 
$6,571 $1,904 $8,475 $4,503 $12,978 
Total Realignment Charges
     COS $14,249 $2,007 $16,256 $590 $16,846 
     SG&A1,033 699 1,732 3,913 5,645 
Total$15,282 $2,706 $17,988 $4,503 $22,491 
December 31, 2020
 (Amounts in thousands)FPDFCDSubtotal–Reportable SegmentsAll OtherConsolidated Total
Restructuring Charges
     COS $19,510 $1,122 $20,632 $— $20,632 
     SG&A156 335 491 (16)475 
$19,666 $1,457 $21,123 $(16)$21,107 
Non-Restructuring Charges   
     COS$19,328 $7,285 $26,613 $52 $26,665 
     SG&A11,166 4,605 15,771 18,527 34,298 
$30,494 $11,890 $42,384 $18,579 $60,963 
Transformation Charges
SG&A$— $— $— $22,719 $22,719 
$— $— $— $22,719 $22,719 
Total Realignment and Transformation Charges
     COS $38,838 $8,407 $47,245 $52 $47,297 
     SG&A11,322 4,940 16,262 41,230 57,492 
Total$50,160 $13,347 $63,507 $41,282 $104,789 

    
The following is a summary of total inception to date charges, net of adjustments, related to the Realignment Program initiated in 2020:
Inception to Date
 (Amounts in thousands)FPDFCDSubtotal–Reportable SegmentsAll OtherConsolidated Total
Restructuring Charges
     COS $25,875 $2,037 $27,912 $— $27,912 
     SG&A716 333 1,049 (17)1,032 
$26,591 $2,370 $28,961 $(17)$28,944 
Non-Restructuring Charges  
     COS $25,407 $723 $26,130 $642 $26,772 
     SG&A11,049 5,262 16,311 21,795 38,106 
$36,456 $5,985 $42,441 $22,437 $64,878 
Total Realignment Charges
     COS $51,282 $2,760 $54,042 $642 $54,684 
     SG&A11,765 5,595 17,360 21,778 39,138 
Total$63,047 $8,355 $71,402 $22,420 $93,822 
Restructuring charges represent costs associated with the relocation or reorganization of certain business activities and facility closures and include costs related to employee severance at closed facilities, contract termination costs, asset write-downs and other costs. Severance costs primarily include costs associated with involuntary termination benefits. Contract termination costs include costs related to the termination of operating leases or other contract termination costs. Asset write-downs include accelerated depreciation of fixed assets, accelerated amortization of intangible assets, divestiture of certain non-strategic assets and inventory write-downs. Other costs generally include costs related to employee relocation, asset relocation, vacant facility costs (i.e., taxes and insurance) and other charges.
The following is a summary of restructuring charges, net of adjustments, for our restructuring activities. Restructuring charges incurred related to our 2020 Realignment Program:
December 31, 2021
 (Amounts in thousands)SeveranceContract TerminationAsset Write-DownsOtherTotal
     COS $964 $34 $2,683 $5,176 $8,857 
     SG&A167 — — 489 656 
Total$1,131 $34 $2,683 $5,665 $9,513 
December 31, 2020
 (Amounts in thousands)SeveranceContract TerminationAsset Write-DownsOtherTotal
     COS $16,927 $52 $1,409 $2,244 $20,632 
     SG&A223 — 11 241 475 
Total$17,150 $52 $1,420 $2,485 $21,107 

The following is a summary of total inception to date charges, net of adjustments, related to our 2020 Realignment Program:
Inception to Date
 (Amounts in thousands)SeveranceContract TerminationAsset Write-DownsOtherTotal
     COS$16,202 $86 $4,095 $7,529 $27,912 
     SG&A251 — 14 767 1,032 
Total$16,453 $86 $4,109 $8,296 $28,944 
Schedule of Restructuring Reserve by Type of Cost
The following represents the activity, primarily severance, related to the restructuring reserve for the Realignment Programs for the years ended December 31, 2021 and 2020:
(Amounts in thousands)20212020
Balance at January 1,$18,255 $6,703 
Charges6,829 19,686 
Cash expenditures(18,942)(9,146)
Other non-cash adjustments, including currency(1,274)1,012 
Balance at December 31,$4,868 $18,255