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Restructuring and Related Costs
 3 Months Ended
Jan. 31, 2019
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
RESTRUCTURING AND RELATED COSTS
 
 
GCA Services Group Restructuring
During the first quarter of 2018, we initiated a restructuring program to achieve cost synergies following the acquisition of GCA Services Group (“GCA”). We incurred the majority of our anticipated severance expense associated with this restructuring program in the first half of 2018. We expect to incur additional charges related to other project fees as we continue to further integrate and consolidate our operational and financial processes to support the growth and capabilities of our shared services and operations. Additionally, we continue standardizing our financial systems and streamlining our operations by migrating and upgrading several key management platforms, including our human resources information systems, enterprise resource planning system, and labor management system. We also continue consolidating our real estate leases.
2020 Vision Restructuring
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 do not expect to incur significant 2020 Vision restructuring and related expenses in the future.
Rollforward of Restructuring and Related Liabilities
(in millions)
 
Balance,
October 31, 2018
 
Costs Recognized(1)
 
Payments
 
Balance,
January 31, 2019
Employee severance
 
$
3.8

 
$
1.3

 
$
(1.7
)
 
$
3.4

Lease exit costs and asset impairment
 
3.1

 
—

 
(0.3
)
 
2.8

Other project fees
 
1.8

 
2.5

 
(1.5
)
 
2.7

Total
 
$
8.6

 
$
3.8

 
$
(3.5
)
 
$
8.9

(1) We include these costs within corporate expenses.
Cumulative Restructuring and Related Charges
(in millions)

External Support Fees

Employee Severance

Other Project Fees

Lease Exit Costs

Asset Impairment

Total
GCA

$
2.0


$
14.8


$
10.3


$
—


$
—


$
27.1

2020 Vision

30.0


13.0


10.7


7.7


5.2


66.5

Total

$
32.0


$
27.8


$
21.0


$
7.7


$
5.2


$
93.6