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COST REDUCTION ACTIONS
 12 Months Ended
Dec. 30, 2023
Restructuring and Related Activities [Abstract]  
COST REDUCTION ACTIONS COST REDUCTION ACTIONS
Restructuring Charges
We have plans that provide eligible employees with severance benefits in the event of an involuntary termination. We calculate severance using the benefit formulas under the applicable plans. We record restructuring charges from qualifying cost reduction actions for severance and other exit costs (including asset impairment charges and lease and other contract cancellation costs) when they are probable and estimable.
2023 Actions
In the third quarter of 2023, we approved a restructuring plan (the "2023 Plan") to further optimize the European footprint of our Materials Group reportable segment by reducing operations in a manufacturing facility in Belgium. The cumulative charges associated with the 2023 Plan consisted of severance and related costs for the reduction of approximately 210 positions as well as asset impairment charges. During 2023 we recorded $30.4 million in restructuring charges related to the 2023 Plan. The activities related to the 2023 Plan are expected to be substantially completed by mid-2025.
We recorded $49.0 million in restructuring charges, net of reversals, related to other 2023 actions (collectively with the 2023 Plan, "2023 Actions"). These charges consisted of severance and related costs for the reduction of approximately 1,450 positions and asset impairment charges at numerous locations across our company.
2019/2020 Actions
During 2022, we recorded $7.3 million in restructuring charges, net of reversals, related to our 2019/2020 actions. These charges consisted of severance and related costs for the reduction of approximately 830 positions and asset impairment charges at numerous locations across our company, reflecting actions in both our reportable segments. The actions in our Materials Group reportable segment were primarily associated with consolidations of its operations in North America and its graphics business in Europe, in part in response to the pandemic. The actions in our Solutions Group reportable segment were primarily related to global headcount and footprint reduction, with some actions accelerated and expanded in response to the pandemic. Our activities related to our 2019/2020 actions began in the fourth quarter of fiscal year 2019 and continued through fiscal year 2022.
Accruals for severance and related costs and lease cancellation costs were included in “Other current liabilities” and "Long-term retirement benefits and other liabilities" in the Consolidated Balance Sheets. Asset impairment charges were based on the estimated market value of the assets, less selling costs, if applicable. Restructuring charges were included in “Other expense (income), net” in the Consolidated Statements of Income.
During 2023, restructuring charges and payments were as follows:
(In millions)Accrual at
December 31,
2022		Charges,
Net of
Reversals		Cash
Payments 		Non-cash
Impairment 		Foreign
Currency
Translation 		Accrual at
December 30,
2023
2023 Actions
Severance and related costs$— $72.1 $(45.1)$— $.7 $27.7 
Asset impairment charges— 8.3 — (8.3)— — 
2019/2020 Actions
Severance and related costs
5.1 (1.0)(4.1)— — — 
Total$5.1 $79.4 $(49.2)$(8.3)$.7 $27.7 
During 2022, restructuring charges and payments were as follows:
(In millions)Accrual at
January 1,
2022		Charges,
Net of
Reversals 		Cash
Payments 		Non-cash
Impairment 		Foreign
Currency
Translation		Accrual at
December 31,
2022
2019/2020 Actions
Severance and related costs$11.5 $7.2 $(13.4)$— $(.2)$5.1 
Asset impairment charges— .1 — (.1)— — 
Total$11.5 $7.3 $(13.4)$(.1)$(.2)$5.1 
The table below shows the total amount of restructuring charges incurred by reportable segment and Corporate.
(In millions)202320222021
Restructuring charges by reportable segment and Corporate
Materials Group$52.4 $(1.0)$5.0 
Solutions Group23.2 7.9 7.6 
Corporate3.8 .8 1.0 
Total$79.4 $7.7 $13.6