Restructuring Expenses

9 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

Restructuring Expenses

RESTRUCTURING EXPENSES

Beginning in 2014 through 2018, the Company announced and initiated several actions to rationalize employee headcount at various manufacturing facilities and various administrative offices located in Europe, South America, China and the United States in order to reduce costs in response to softening global market demand and lower production volumes. The aggregate headcount reduction was approximately 3,370 employees between 2014 and 2017. During the nine months ended September 30, 2018, the Company recorded severance and related costs associated with further rationalizations in Europe, China, South America and the United States, in connection with the termination of approximately 460 employees. Restructuring expenses activity during the nine months ended September 30, 2018 is summarized as follows (in millions):

	Write-down of Property, Plant and Equipment			Employee Severance			Total
Balance as of December 31, 2017	$	—		$	10.9		$	10.9
First quarter 2018 provision	—			5.9			5.9
First quarter 2018 cash activity	—			(3.7		)	(3.7		)
Foreign currency translation	—			0.1			0.1
Balance as of March 31, 2018	—			13.2			13.2
Second quarter 2018 provision	0.3			2.4			2.7
Less: Non-cash activity	(0.3		)	—			(0.3		)
Cash expense	—			2.4			2.4
Second quarter 2018 cash activity	—			(4.7		)	(4.7		)
Foreign currency translation	—			(0.8		)	(0.8		)
Balance as of June 30, 2018	$	—		$	10.1		$	10.1
Third quarter 2018 provision	—			1.5			1.5
Third quarter 2018 cash activity	—			(2.0		)	(2.0		)
Foreign currency translation	—			(0.4		)	(0.4		)
Balance as of September 30, 2018	$	—		$	9.2		$	9.2