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Restructuring
 12 Months Ended
Dec. 31, 2020
Restructuring and Related Activities [Abstract]  
Restructuring RESTRUCTURING
During the year ended December 31, 2020, the company initiated a strategic evaluation (the “Initiative”) focusing on four key areas of our expense base: our organizational model, our real estate footprint, management of third party spend and technology and operations efficiency.

Restructuring expenses related to this initiative were $119.0 million for the year ended December 31, 2020. Restructuring expenses are recorded to transaction, integration and restructuring expenses on the Consolidated Statements of Income.

The company estimates $150 million to $175 million of remaining restructuring expenses related to this initiative through the end of 2022, of which approximately 60% will be employee compensation costs with the remainder comprised of property, office and technology costs and general and administrative costs. A substantial portion of these expenses will result in future cash expenditures.

The following table shows the rollforward of the restructuring liability as of December 31, 2020 and total restructuring charges for the year ended December 31, 2020. The company recorded the liability to accounts payable and accrued liabilities on the Consolidated Balance Sheet.

$ in millionsEmployee
Compensation		Other ExpensesTotal
Balance as of July 1, 2020— — — 
Accrued charges 4.9 5.2 10.1 
Payments(1.4)(3.4)(4.8)
Balance as of October 1, 20203.5 1.8 5.3 
Accrued charges
80.1 3.9 84.0 
Payments(39.1)(5.7)(44.8)
Balance as of December 31, 202044.5 — 44.5 
Non-cash charges (1)
19.5 5.4 24.9 
Total charges104.5 14.5 119.0 
(1) There were $19.5 million in non-cash employee compensation that pertain to stock-based compensation and $5.4 million related to the accelerated depreciation of certain assets and location strategy costs.