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Restructuring
 12 Months Ended
Dec. 31, 2019
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
2019
In 2019, the Company recorded charges of $183.6 million in connection with its restructuring actions. These charges consist of $173.8 million recorded as cost of sales, $16.4 million recorded as selling, general and administrative expenses and $6.6 million recorded as other income. The restructuring charges consist of employee termination benefits of $167.8 million, asset impairment charges of $9.5 million, contract termination costs of $3.0 million and an other postretirement curtailment gain of $10.6 million, as well as other related costs of $13.9 million. Asset impairment charges relate to the disposal of buildings, leasehold improvements and machinery and equipment with carrying values of $8.7 million in excess of related estimated fair values and the impairment of right-of-use-assets of $0.8 million.
The Company expects to incur approximately $55 million of additional restructuring costs related to activities initiated as of December 31, 2019, and expects that the components of such costs will be consistent with its historical experience. Any future restructuring actions will depend upon market conditions, customer actions and other factors.
A summary of 2019 activity, excluding the other postretirement curtailment gain of $10.6 million, is shown below (in millions):
 
Accrual as of
 
2019
 
Utilization
 
Accrual as of
 
January 1, 2019
 
Charges
 
Cash
 
Non-cash
 
December 31, 2019
Employee termination benefits
$
103.3

 
$
167.8

 
$
(118.3
)
 
$
—

 
$
152.8

Asset impairments
—

 
9.5

 
—

 
(9.5
)
 
—

Contract termination costs
5.4

 
3.0

 
(3.5
)
 
—

 
4.9

Other related costs
—

 
13.9

 
(13.9
)
 
—

 
—

Total
$
108.7

 
$
194.2

 
$
(135.7
)
 
$
(9.5
)
 
$
157.7


2018
In 2018, the Company recorded charges of $88.0 million in connection with its restructuring actions. These charges consist of $63.7 million recorded as cost of sales, $24.0 million recorded as selling, general and administrative expenses and $0.3 million recorded as other expense. The restructuring charges consist of employee termination benefits of $74.5 million, asset impairment charges of $4.7 million and contract termination costs of $1.5 million, as well as other related costs of $7.3 million. Asset impairment charges relate to the disposal of buildings, leasehold improvements and machinery and equipment with carrying values of $4.7 million in excess of related estimated fair values.
A summary of 2018 activity is shown below (in millions):
 
Accrual as of
 
2018
 
Utilization
 
Accrual as of
 
January 1, 2018
 
Charges
 
Cash
 
Non-cash
 
December 31, 2018
Employee termination benefits
$
93.0

 
$
74.5

 
$
(64.2
)
 
$
—

 
$
103.3

Asset impairments
—

 
4.7

 
—

 
(4.7
)
 
—

Contract termination costs
5.0

 
1.5

 
(1.1
)
 
—

 
5.4

Other related costs
—

 
7.3

 
(7.3
)
 
—

 
—

Total
$
98.0

 
$
88.0

 
$
(72.6
)
 
$
(4.7
)
 
$
108.7


2017
In 2017, the Company recorded charges of $72.6 million in connection with its restructuring actions. These charges consist of $59.2 million recorded as cost of sales, $14.3 million recorded as selling, general and administrative expenses and $0.9 million recorded as other income. The restructuring charges consist of employee termination benefits of $62.9 million, asset impairment charges of $1.3 million, pension benefit plan curtailment and settlement losses of $1.7 million and other contract termination costs of $1.7 million, as well as other related costs of $5.0 million. Asset impairment charges relate to the disposal of buildings, leasehold improvements and machinery and equipment with carrying values of $1.3 million in excess of related estimated fair values.
A summary of 2017 activity, excluding the pension benefit plan curtailment and settlement losses of $1.7 million, is shown below (in millions):
 
Accrual as of
 
2017
 
Utilization
 
Accrual as of
 
January 1, 2017
 
Charges
 
Cash
 
Non-cash
 
December 31, 2017
Employee termination benefits
$
69.4

 
$
62.9

 
$
(39.3
)
 
$
—

 
$
93.0

Asset impairments
—

 
1.3

 
—

 
(1.3
)
 
—

Contract termination costs
4.6

 
1.7

 
(1.3
)
 
—

 
5.0

Other related costs
—

 
5.0

 
(5.0
)
 
—

 
—

Total
$
74.0

 
$
70.9

 
$
(45.6
)
 
$
(1.3
)
 
$
98.0