Restructuring Costs and Other

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

In the three and nine months ended September 30, 2020, we incurred costs for restructuring actions initiated in 2020 as well as costs for restructuring actions initiated in the prior years. Our restructuring actions are associated with cost reduction efforts that include the consolidation of manufacturing and distribution facilities as well as workforce reductions and the sale or exit of businesses we determine to be non-strategic. Restructuring costs include severance and employee benefits, asset impairments, accelerated depreciation, as well as facility closure, contract termination and certain pension costs that are directly related to restructuring actions. These costs are predominantly settled in cash from our operating activities and are generally settled within one year, with the exception of asset impairments, which are non-cash.

Pre-tax restructuring costs incurred in each of our reporting segments and the location of the costs in the Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2020 and 2019 is as follows (in millions):



	Three Months Ended September 30,
	2020		2019		2020		2019		2020		2019
	Cost of goods sold						Selling & administrative expense						Total
Electrical	$	1.9	$	2.7	$	0.1	$	1.4	$	2.0	$	4.1
Utility Solutions	1.3		1.3		—		(0.2)		1.3		1.1
Total Pre-Tax Restructuring Costs	$	3.2	$	4.0	$	0.1	$	1.2	$	3.3	$	5.2


	Nine Months Ended September 30,
	2020		2019		2020		2019		2020		2019
	Cost of goods sold						Selling & administrative expense						Total
Electrical	$	5.3	$	8.4	$	2.1	$	3.0	$	7.4	$	11.4
Utility Solutions	4.9		2.9		0.2		1.3		5.1		4.2
Total Pre-Tax Restructuring Costs	$	10.2	$	11.3	$	2.3	$	4.3	$	12.5	$	15.6

The following table summarizes the accrued liabilities for our restructuring actions (in millions):


	Beginning Accrued Restructuring Balance 1/1/20		Pre-tax Restructuring Costs		Utilization and Foreign Exchange		Ending Accrued Restructuring Balance 9/30/2020
2020 Restructuring Actions
Severance	$	—	$	6.2	$	(3.6)	$	2.6
Asset write-downs	—		0.2		(0.2)		—
Facility closure and other costs	—		1.8		(1.8)		—
Total 2020 Restructuring Actions	$	—	$	8.2	$	(5.5)	$	2.6
2019 and Prior Restructuring Actions
Severance	$	11.3	$	(1.3)	$	(6.5)	$	3.5
Asset write-downs	—		0.3		(0.3)		—
Facility closure and other costs	6.1		5.3		(4.7)		6.7
Total 2019 and Prior Restructuring Actions	$	17.4	$	4.3	$	(11.5)	$	10.2
Total Restructuring Actions	$	17.4	$	12.5	$	(17.0)	$	12.8

The actual costs incurred and total expected cost in each of our reporting segments of our on-going restructuring actions are as follows (in millions):


	Total expected costs		Costs incurred during 2019		Costs incurred in the first nine months of 2020		Remaining costs at 9/30/2020
2020 Restructuring Actions
Electrical	$	14.8	$	—	$	7.5	$	7.3
Utility Solutions	0.7		—		0.7		—
Total 2020 Restructuring Actions	$	15.5	$	—	$	8.2	$	7.3
2019 and Prior Restructuring Actions
Electrical	$	20.7	$	20.5	$	(0.1)	$	0.3
Utility Solutions	19.8		11.5		4.4		3.9
Total 2019 and Prior Restructuring Actions	$	40.5	$	32.0	$	4.3	$	4.2
Total Restructuring Actions	$	56.0	$	32.0	$	12.5	$	11.5