Impairment and Restructuring Charges

12 Months Ended

Dec. 31, 2018

Impairment and Restructuring Charges

Impairment and Restructuring Charges

Note 18. Impairment and Restructuring Charges

We recorded impairment and restructuring charges of $39.5 million,  $4.1 million and $69.1 million in 2018, 2017 and 2016, respectively. The 2018 charges mainly related to our decision to downsize one of our energy businesses due to changes in competitive factors for certain of the products they sell. The 2016 charges mainly related to certain of our energy-related businesses as a result of the impact to our businesses from continued low crude oil prices that reduced drilling activity and the resulting decline in demand for the products we sell to the energy market (oil and natural gas).

The impairment and restructuring charges consisted of the following:

	Year Ended December 31,
	2018		2017		2016
	(in millions)
Property, plant and equipment	$	3.8	$	4.2	$	16.0
Intangible assets, net		33.2		—		36.4
Total impairment charges		37.0		4.2		52.4
Restructuring––cost of sales		—		(0.2)		12.8
Restructuring––warehouse, delivery, selling, general and administrative expense		2.5		0.1		2.9
Restructuring––non-operating expense		—		—		1.0
Total impairment and restructuring charges	$	39.5	$	4.1	$	69.1