Restructuring

6 Months Ended

Jun. 30, 2018

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

We previously initiated an enterprise-wide restructuring plan that was designed to streamline the organization and reallocate resources to better align our organizational structure and costs with our strategy. While these activities are ongoing, we expect the majority of these activities to be completed over the next 18 months. The restructuring plan involves reviewing non-core businesses and assets, our organizational structure, and expected business prospects in the markets we serve, as well as our existing technology platforms. Accordingly, based on the nature of the activities being reviewed, we cannot reasonably estimate the ultimate cost that will be incurred. We are currently assessing the strategic fit of certain international operations where it has become increasingly more challenging to conduct our core operations and generate profits. During the six months ended June 30, 2018, we incurred $7.0 million in restructuring charges, comprised primarily of employee-related costs, which are included in compensation and employee benefits on our consolidated statement of income and in accrued expenses and other current liabilities on our consolidated balance sheet.

The following table provides a summary of our restructuring activities during the six months ended June 30, 2018 and our accrued restructuring charges as of June 30, 2018, which is included in accrued expenses and other current liabilities on our consolidated balance sheet (in millions):

	Aviation			Land			Marine			Corporate			Consolidated
Balance as of December 31, 2017	$	0.7		$	25.0		$	1.3		$	5.0		$	32.0
Employee-related costs incurred	0.8			3.6			1.1			1.5			7.0
Paid during the period	(0.4		)	(5.2		)	(0.9		)	(3.8		)	(10.3		)
Restructuring charges as of June 30, 2018	$	1.1		$	23.4		$	1.5		$	2.7		$	28.7