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Project Summit (Tables)

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

Schedule of restructuring charges and restructuring liability rollforward

Restructuring Charges included in the accompanying Condensed Consolidated Statements of Operations for the three months ended March 31, 2021 and 2020, and from the inception of Project Summit through March 31, 2021, are as follows:

			THREE MONTHS ENDED MARCH 31, 2021						THREE MONTHS ENDED MARCH 31, 2020						FROM THE INCEPTION OF PROJECT SUMMIT THROUGH MARCH 31, 2021
Employee severance costs			$	3,808					$	6,108					$	72,007
Professional fees and other costs			36,003						34,938						210,797
Restructuring Charges			$	39,811					$	41,046					$	282,804

Restructuring Charges by segment for the three months ended March 31, 2021 and 2020, and from the inception of Project Summit through March 31, 2021, are as follows:

			THREE MONTHS ENDED MARCH 31, 2021						THREE MONTHS ENDED MARCH 31, 2020						FROM THE INCEPTION OF PROJECT SUMMIT THROUGH MARCH 31, 2021
Global RIM Business			$	8,224					$	8,288					$	97,264
Global Data Center Business			454						187						2,392
Corporate and Other Business			31,133						32,571						183,148
Restructuring Charges			$	39,811					$	41,046					$	282,804

A rollforward of the accrued Restructuring Charges, which is included as a component of Accrued expenses and other current liabilities in our Condensed Consolidated Balance Sheets, from December 31, 2019 through March 31, 2021, is as follows:

						EMPLOYEE SEVERANCE COSTS						PROFESSIONAL FEES AND OTHER						TOTAL ACCRUED RESTRUCTURING CHARGES
Balance as of December 31, 2019						$	4,823					$	12,954					$	17,777
Amounts accrued						47,349						147,047						194,396
Payments						(32,455)						(136,222)						(168,677)
Other, including currency translation adjustments						(3,439)						(4)						(3,443)
Balance as of December 31, 2020						16,278						23,775						40,053
Amounts accrued						3,808						36,003						39,811
Payments						(17,087)						(13,849)						(30,936)
Other, including currency translation adjustments						(220)						—						(220)
Balance as of March 31, 2021						$	2,779					$	45,929					$	48,708

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- References

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
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-Publisher FASB
-Name Accounting Standards Codification
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