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Restructuring and Related Costs
3 Months Ended
Jan. 31, 2017
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
RESTRUCTURING AND RELATED COSTS
During the fourth quarter of 2015, our Board of Directors approved a comprehensive strategy intended to have a positive transformative effect on ABM (the “2020 Vision”). As part of the 2020 Vision, we identified key priorities to differentiate ABM in the marketplace, accelerate revenue growth for certain industry groups, and improve our margin profile. We expect our 2020 Vision restructuring and related activities to be complete by the end of 2017, with remaining costs primarily related to external support fees and office consolidations. As described in Note 15, “Segment Information,” we include restructuring and related costs within corporate expenses.
Rollforward of Restructuring and Related Liabilities
(in millions)
 
External Support Fees
 
Employee Severance
 
Other Project Fees
 
Lease Exit
 
Total
Balance, October 31, 2016
 
$
1.2

 
$
3.8

 
$
0.5

 
$
2.5

 
$
8.0

Costs recognized
 
1.3

 
0.5

 
2.7

 
0.5

 
5.0

Payments
 
(1.7
)
 
(1.4
)
 
(1.9
)
 
(0.2
)
 
(5.2
)
Balance, January 31, 2017
 
$
0.8

 
$
3.0

 
$
1.3

 
$
2.7

 
$
7.9


    
We have incurred cumulative 2020 Vision restructuring and related charges of $46.7 million, including external support fees of $17.2 million, employee severance costs of $13.8 million, other project fees of $7.3 million, asset impairment costs of $4.7 million, and lease exit costs of $3.7 million.