Restructuring Expenses

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring Expenses

RESTRUCTURING EXPENSES

    From 2014 through 2020, the Company announced and initiated several actions to rationalize employee headcount at various manufacturing facilities and various administrative offices located in Europe, South America, Africa, 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 4,160 employees between 2014 and 2019. In addition, during 2019, the Company initiated various restructuring activities in an effort to rationalize its grain storage and protein production system operations. During the nine months ended September 30, 2020, the Company recorded severance and related costs associated with further rationalizations in connection with the termination of approximately 320 employees. Restructuring expenses activity during the three and nine months ended September 30, 2020 is summarized as follows (in millions):

	Write-down of Property, Plant and Equipment		Employee Severance		Facility Closure Costs		Total
Balance as of December 31, 2019	$	—	$	4.8	$	—	$	4.8
First quarter 2020 provision	—		0.7		0.2		0.9
First quarter 2020 provision reversal	—		(0.1)		—		(0.1)
First quarter 2020 cash activity	—		(1.7)		(0.2)		(1.9)
Foreign currency translation	—		(0.1)		—		(0.1)
Balance as of March 31, 2020	$	—	$	3.6	$	—	$	3.6
Second quarter 2020 provision	1.6		2.2		—		3.8
Less: Non-cash expense	(1.6)		—		—		(1.6)
Cash expense	—		2.2		—		2.2
Second quarter 2020 cash activity	—		(0.8)		—		(0.8)
Foreign currency translation	—		(0.1)		—		(0.1)
Balance as of June 30, 2020	$	—	$	4.9	$	—	$	4.9
Third quarter 2020 provision	—		0.9		—		0.9
Third quarter 2020 cash activity	—		(1.1)		—		(1.1)
Third quarter 2020 provision reversal	—		(0.1)		—		(0.1)
Balance as of September 30, 2020	$	—	$	4.6	$	—	$	4.6