Cost Re-Engineering Plan Cost Re-Engineering Plan

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

Cost Re-Engineering Plan

Note 3 — Cost Re-Engineering Plan

In February 2019, we announced our intention to execute cost re-engineering opportunities in order to drive stronger financial performance and, in the longer term, simplify our operations. Our cost re-engineering plans extend beyond eliminating redundant costs through the integration process and address organizational, process and control redesign and automation, human capital planning, off-shore utilization, strategic sourcing and facilities rationalization. Costs for this plan include severance, retention and other incentive awards, facilities-related costs and other costs to execute the reorganization. While we continue to pursue additional cost re-engineering initiatives, this cost re-engineering plan announced in February 2019 was completed by December 31, 2019 and our remaining liability at December 31, 2019 is $11.9 million.

The following table provides a summary of the aggregate activity of the liability for the re-engineering plan costs, including the detail of the $65.0 million total cost incurred in the year ended December 31, 2019:

	Employee-related			Facility-related			Other			Total
Beginning balance	$	—		$	—		$	—		$	—
Charges (1)	35,704			10,133			19,133			64,970
Payments / Other	(29,449		)	(7,202		)	(16,414		)	(53,065		)
Ending balance (2)	$	6,255		$	2,931		$	2,719		$	11,905

(1) The expenses were all incurred within the Corporate Items and Other segment. Employee-related costs and facility-related costs are reported in Compensation and benefits expense and Occupancy and equipment expense, respectively, in the consolidated statement of operations. Other costs are primarily reported in Professional services expense and Other expenses.

(2) The liability for re-engineering plan costs at December 31, 2019 is included in Other liabilities (Other accrued expenses).