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Restructuring and Other Items, net
 6 Months Ended
Jun. 28, 2020
Restructuring and Other Items, net [Abstract]  
Restructuring and Other Items, net

Note 5.  Restructuring and Other Items, net


During the second quarter of 2019, the Company initiated a restructuring and cost savings program to better align our costs and organizational structure with the current market environment.  The Company recorded a $7.5 million non-cash impairment of assets charge related to facilities no longer operating and underutilization of certain equipment, and $5.7 million in other restructuring costs in the second quarter of 2019.


In June 2020, Verso Papers announced they would be idling two of their paper mills indefinitely.  As a result, the Company recorded a non-cash write-down of assets charge of $6.0 million and $0.3 million in severance related costs for its Paper PCC satellite facilities at these mills.


The following table outlines the amount of restructuring charges recorded within the Consolidated Statements of Income and the segments they relate to for the three and six-months ending June 28, 2020 and June 30, 2019:

      
(millions of dollars)
  
Jun. 28,
2020
    
Jun. 30,
2019
  
             
Asset Write-Downs
            
Performance Materials
  
$
—
    
$
4.2
  
Specialty Minerals
    
6.0
      
1.6
  
Energy Services
    
—
      
1.7
  
Total charge for asset write-down
  
$
6.0
    
$
7.5
  
                 
Severance and other related costs
                
Performance Materials
  
$
—
    
$
2.8
  
Specialty Minerals
    
0.3
      
0.9
  
Refractories
    
—
      
0.8
  
Energy Services
    
—
      
0.1
  
Corporate
    
—
      
1.1
  
Total severance and other related costs
  
$
0.3
    
$
5.7
  
                 
Other
                
Corporate
  
$
0.2
    
$
—
  
                 
Total restructuring and other items, net
  
$
6.5
    
$
13.2
  


At June 28, 2020, the Company had $4.6 million included within accrued liabilities in the Condensed Consolidated Balance Sheet for cash expenditures needed to satisfy remaining obligations under workforce reduction initiatives. The Company expects to pay these amounts by the end of 2020.


The following table is a reconciliation of our restructuring liability balance as of June 28, 2020:

(millions of dollars)
      
Restructuring liability, December 31, 2019
  
$
5.0
  
Additional provision
    
0.3
  
Cash payments
    
(0.7
)
Restructuring liability, June 28, 2020
  
$
4.6