To better align its resources with its growth strategies and reduce the cost structure of its global operations in certain underlying markets, the Company has committed to various restructuring plans in its Building Technologies & Solutions business and its corporate operations. Restructuring plans generally result in charges for workforce reductions, plant closures and asset impairments which are reported as restructuring and impairment costs in the Company’s consolidated statements of income. The Company expects the restructuring actions to reduce cost of sales and SG&A due to reduced employee-related costs, depreciation and amortization expense.

In fiscal 2020, the Company committed to a significant restructuring plan ("2020 Plan") and recorded $297 million of restructuring and impairment costs in the consolidated statements of income. This is the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. Of the restructuring and impairment costs recorded, $136 million related to the Global Products segment, $64 million related to the Building Solutions North America segment, $49 million related to the Building Solutions Asia Pacific segment, $43 million related to the Building Solutions EMEA/LA segment and $5 million related to Corporate. The restructuring actions are expected to be substantially complete in fiscal 2021.

The following table summarizes the changes in the Company’s 2020 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):


	Employee Severance and Termination Benefits		Long-Lived Asset Impairments		Other		Total

Original reserve	$	196	$	96	$	5	$	297
Utilized—cash	(92)		—		(3)		(95)
Utilized—noncash	—		(96)		—		(96)
Currency translation	2		—		—		2
Balance at September 30, 2020	$	106	$	—	$	2	$	108

Also included in restructuring and impairment costs in the consolidated statements of income in fiscal 2020 are goodwill impairment related to the North America Retail reporting unit of $424 million and indefinite-lived intangible asset impairments of $62 million. Refer to Note 7, "Goodwill and Other Intangible Assets," of the notes to consolidated financial statements for further information regarding these impairments.

In fiscal 2018, the Company committed to a significant restructuring plan ("2018 Plan") and recorded $255 million of restructuring and impairment costs for continuing operations in the consolidated statements of income. This was the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. Of the restructuring and impairment costs recorded, $113 million related to the Global Products segment, $56 million related to the Building Solutions EMEA/LA segment, $50 million related to Corporate, $20 million related to the Building Solutions North America segment and $16 million related to the Building Solutions Asia Pacific segment. The restructuring actions were substantially complete in 2020.

Additionally, the Company recorded $8 million of restructuring and impairment costs related to Power Solutions in fiscal 2018. This is reported within discontinued operations.


	Employee Severance and Termination Benefits		Long-Lived Asset Impairments		Other		Total

Original reserve	$	209	$	42	$	12	$	263
Utilized—cash	(45)		—		(2)		(47)
Utilized—noncash	—		(42)		—		(42)
Balance at September 30, 2018	$	164	$	—	$	10	$	174
Utilized—cash	(61)		—		(6)		(67)

Transfer to liabilities held for sale	(4)		—		—		(4)
Currency translation	(1)		—		—		(1)
Balance at September 30, 2019	$	98	$	—	$	4	$	102
Utilized—cash	(69)		—		—		(69)

Adoption of ASC 842 (1)	—		—		(4)		(4)
Currency translation	1		—		—		1
Balance at September 30, 2020	$	30	$	—	$	—	$	30

In fiscal 2017, the Company committed to a significant restructuring plan ("2017 Plan") and recorded $347 million of restructuring and impairment costs for continuing operations in the consolidated statements of income. This was the total amount incurred to date and the total amount expected to be incurred for this restructuring plan. Of the restructuring and impairment costs recorded, $166 million related to Corporate, $74 million related to the Building Solutions EMEA/LA segment, $59 million related to the Building Solutions North America segment, $32 million related to the Global Products segment and $16 million related to the Building Solutions Asia Pacific segment. The restructuring actions were substantially complete in fiscal 2020.

Additionally, the Company recorded $20 million of restructuring and impairment costs related to Power Solutions in fiscal 2017. This is reported within discontinued operations.

The following table summarizes the changes in the Company’s 2017 Plan reserve, included within other current liabilities in the consolidated statements of financial position (in millions):


	Employee Severance and Termination Benefits		Long-Lived Asset Impairments		Other		Total

Original Reserve	$	276	$	77	$	14	$	367
Utilized—cash	(75)		—		—		(75)
Utilized—noncash	—		(77)		(1)		(78)
Adjustment to restructuring reserves	25		—		—		25
Balance at September 30, 2017	$	226	$	—	$	13	$	239
Utilized—cash	(152)		—		(6)		(158)

Currency translation	(1)		—		—		(1)
Balance at September 30, 2018	$	73	$	—	$	7	$	80
Utilized—cash	(11)		—		(2)		(13)

Transfer to liabilities held for sale	(3)		—		—		(3)
Currency translation	(3)		—		—		(3)
Balance at September 30, 2019	$	56	$	—	$	5	$	61
Utilized—cash	(50)		—		—		(50)

Adoption of ASC 842 (1)	—		—		(5)		(5)

Balance at September 30, 2020	$	6	$	—	$	—	$	6

The Company's fiscal 2020, 2018 and 2017 restructuring plans included workforce reductions of approximately 16,400 employees. Restructuring charges associated with employee severance and termination benefits are paid over the severance period granted to each employee or on a lump sum basis in accordance with individual severance agreements. As of September 30, 2020, approximately 12,700 of the employees have been separated from the Company pursuant to the restructuring plans. In addition, the restructuring plans included nine plant closures. As of September 30, 2020, eight of the nine plants have been closed.