Reorganization and Restructuring

9 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

Other Restructurings

Management periodically implements restructuring actions in targeted sections of our business. As a result of these actions, we recognized net costs of $49.7 million in the first nine months of 2020, primarily severance costs. We recognized $35.7 million net costs in the first nine months of 2021, primarily severance costs. Approximately $5 million of the net costs recognized in the first nine months of 2021 relate to restructuring plans approved by management in 2020. The remaining costs incurred in the first nine months of 2021 relate to restructuring plans approved by management in 2021. Substantially all of the costs from 2021 restructuring plans result from management initiatives to address the COVID-19 pandemic. For the restructuring actions that have not yet been completed, we expect to incur additional costs between $5 million and $7 million in future periods.

The following table summarizes the changes in the accrued liability for costs incurred, payments and utilization, and foreign currency exchange effects of other restructurings:


(In millions)	Severance Costs		Other	Total

Balance as of January 1, 2021	$	9.3	—	9.3
Expense	30.1		5.6	35.7
Payments and utilization	(19.2)		(5.6)	(24.8)

Foreign currency exchange effects	(0.3)		—	(0.3)
Balance as of September 30, 2021	$	19.9	—	19.9