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.

In the fourth quarter 2024, we recorded $13.1 million in restructuring charges related to our 2025 actions. These charges consisted of severance and related costs for the reduction of approximately 90 positions, as well as asset impairment charges, at numerous locations across our company, reflecting actions in our Solutions Group reportable segment.

During 2024, we recorded $28.8 million in restructuring charges, net of reversals, related to our 2023 actions. These charges consisted of severance and related costs for the reduction of approximately 1,280 positions, as well as asset impairment charges, at numerous locations across our company. During 2023, we recorded $49.0 million in restructuring charges, net of reversals, related to these actions. These charges consisted of severance and related costs for the reduction of approximately 1,450 positions, as well as asset impairment charges, at numerous locations across our company.

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. We recorded $30.4 million in 2023 in restructuring charges related to the 2023 Plan. The activities related to the 2023 Plan are expected to be substantially completed by mid-2025.

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.


(In millions)	Accrual at December 30, 2023		Charges, Net of Reversals		Cash Payments		Non-cash Impairment		Foreign Currency Translation		Accrual at December 28, 2024
2025 Actions
Severance and related costs	$	—	$	10.0	$	—	$	—	$	—	$	10.0
Asset impairment charges	—		3.1		—		(3.1)		—		—
2023 Actions
Severance and related costs	27.7		25.4		(43.3)		—		(.6)		9.2
Asset impairment charges	—		3.0		—		(3.0)		—		—
Lease cancellation costs	—		.4		(.6)		—		—		(.2)


Total	$	27.7	$	41.9	$	(43.9)	$	(6.1)	$	(.6)	$	19.0


(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


(In millions)	2024		2023		2022
Restructuring charges by reportable segment and Corporate
Materials Group	$	5.7	$	52.4	$	(1.0)
Solutions Group	35.8		23.2		7.9
Corporate	.4		3.8		.8
Total	$	41.9	$	79.4	$	7.7