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Restructuring Costs | 12 Months Ended
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Dec. 31, 2020
Restructuring and Related Activities [Abstract] |
Restructuring Costs | RESTRUCTURING COSTS Restructuring costs include expenses associated with the Company's efforts to continually improve operational efficiency and reposition its assets to remain competitive on a worldwide basis. Plant closing and other costs include lease and contract termination costs of moving fixed assets, employee training, relocation, and facility costs. These costs are recorded in other deductions, net in the consolidated statements of earnings (loss). 2020 Actions During the quarter ended September 30, 2020, Vertiv approved a multi-year restructuring program to align our cost structure to support our margin expansion targets. The program includes workforce reductions and footprint optimization across all segments. Restructuring charges incurred under this program were $71.1 in 2020, which primarily consisted of severance related to workforce reductions. Total restructuring expenses were $73.9 for the year ended December 31, 2020. The Company expects to recognize additional restructuring expenses of approximately $13.0 in 2021 and $7.0 thereafter, primarily comprised of plant closing and other costs, resulting in total estimated charges of approximately $95.0 for the entire program. 2019 and 2018 Actions Restructuring expenses were $20.7 and $46.2 for the years ended December 31, 2019 and 2018, respectively. These changes primarily consisted of severance related to workforce reductions and plant closing and other costs. The change in liability for the restructuring costs for the year ended December 31, 2020 follows:
| 2019 |  | Paid/ Utilized |  | Expense |  | 2020
Severance and benefits | $ | 21.6 |  |  | $ | (23.2) |  |  | $ | 70.5 |  |  | $ | 68.9 |
Plant closing and other | 0.6 |  |  | (3.6) |  |  | 3.4 |  |  | 0.4 |
Total | $ | 22.2 |  |  | $ | (26.8) |  |  | $ | 73.9 |  |  | $ | 69.3 |
The change in the liability for restructuring costs for the year ended December 31, 2019 follows:
| 2018 |  | Paid/ Utilized |  | Expense |  | 2019
Severance and benefits | $ | 24.6 |  |  | $ | (21.6) |  |  | $ | 18.6 |  |  | $ | 21.6 |
Plant closing and other | 1.2 |  |  | (2.7) |  |  | 2.1 |  |  | 0.6 |
Total | $ | 25.8 |  |  | $ | (24.3) |  |  | $ | 20.7 |  |  | $ | 22.2 |
The change in the liability for restructuring costs for the year ended December 31, 2018 follows:
| 2017 |  | Paid/ Utilized |  | Expense |  | 2018
Severance and benefits | $ | 20.1 |  |  | $ | (28.7) |  |  | $ | 33.2 |  |  | $ | 24.6 |
Plant closing and other | 8.2 |  |  | (20.0) |  |  | 13.0 |  |  | 1.2 |
Total | $ | 28.3 |  |  | $ | (48.7) |  |  | $ | 46.2 |  |  | $ | 25.8 |
Restructuring expense by business segment follows:
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Americas | $ | 15.5 |  |  | $ | 5.3 |  |  | $ | 13.7 |
Asia Pacific | 10.4 |  |  | 3.9 |  |  | 8.3 |
Europe, Middle East & Africa | 42.7 |  |  | 11.1 |  |  | 19.0 |
Corporate | 5.3 |  |  | 0.4 |  |  | 5.2 |
Total | $ | 73.9 |  |  | $ | 20.7 |  |  | $ | 46.2 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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