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SPECIAL (GAINS) AND CHARGES (Tables)
3 Months Ended
Mar. 31, 2020
SPECIAL (GAINS) AND CHARGES  
Special (gains) and charges

First Quarter Ended 

March 31

(millions)

    

2020

2019

Cost of sales

Restructuring activities

3.0

3.4

Acquisition and integration activities

0.4

0.2

Other

5.7

-

Cost of sales subtotal

9.1

3.6

Special (gains) and charges

Restructuring activities

4.3

37.1

ChampionX separation

36.6

4.3

Acquisition and integration activities

5.4

2.5

Other

6.1

(3.6)

Special (gains) and charges subtotal

52.4

40.3

Operating income subtotal

61.5

43.9

Interest expense, net

-

0.2

Total special (gains) and charges

$61.5

$44.1

Restructuring activity

 

    

Employee

    

    

    

    

 

Termination

Asset

 

(millions)

    

Costs

    

Disposals

    

Other

    

Total

 

2018 - 2019 Activity

Recorded expense

216.1

5.2

19.9

241.2

Net cash payments

 

(112.6)

1.2

(16.4)

 

(127.8)

Non-cash charges

 

-

(6.4)

(2.0)

 

(8.4)

Effect of foreign currency translation

 

(1.0)

-

-

 

(1.0)

Restructuring liability, December 31, 2019

102.5

-

1.5

104.0

2020 Activity

Recorded expense

4.3

-

2.1

6.4

Net cash payments

 

(22.1)

-

(1.1)

(23.2)

Non-cash charges

 

-

-

-

-

Effect of foreign currency translation

 

-

-

-

-

Restructuring liability, March 31, 2020

$84.7

$-

$2.5

$87.2