Restructuring and Related Costs

12 Months Ended

Oct. 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 “2020Vision”). As part of the 2020Vision, we identified key priorities to differentiate ABM in the marketplace, accelerate revenue growth for certain industry groups, and improve our margin profile. We do not expect to incur significant 2020Vision restructuring and related expenses in the future. As described in Note 18, “Segment and Geographic 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			Asset Impairment			Total
Balance, October 31, 2014	$	—		$	—		$	—		$	—		$	—		$	—
Costs recognized	4.6			4.7			0.8			—			2.6			12.7
Payments	(2.5		)	(0.4		)	(0.4		)	—			—			(3.3		)
Non-cash items	—			—			(0.2		)	—			(2.6		)	(2.8		)
Balance, October 31, 2015	$	2.1		$	4.3		$	0.2		$	—		$	—		$	6.6
Costs recognized	11.3			8.6			3.9			3.2			2.1			29.0
Payments	(12.2		)	(9.1		)	(3.6		)	(0.3		)	—			(25.2		)
Non-cash items	—			—			—			(0.4		)	(2.1		)	(2.5		)
Balance, October 31, 2016	$	1.2		$	3.8		$	0.5		$	2.5		$	—		$	8.0
Costs recognized	12.1			0.5			5.7			2.6			—			20.9
Payments	(10.8		)	(3.3		)	(5.8		)	(3.1		)	—			(23.0		)
Non-cash items	—			—			—			0.9			—			0.9
Balance, October 31, 2017	$	2.5		$	1.0		$	0.4		$	2.8		$	—		$	6.7

We have incurred cumulative 2020Vision restructuring and related charges of $62.5 million, including external support fees of $28.0 million, employee severance costs of $13.8 million, other project fees of $10.4 million, lease exit costs of $5.7 million, and asset impairment costs of $4.7 million.