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Restructuring Plans | 9 Months Ended
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Mar. 31, 2020
Restructuring and Related Activities [Abstract] |
Restructuring Plans | Restructuring Plans 2019 Bemis Integration Plan In connection with the acquisition of Bemis, the Company initiated restructuring activities in the fourth quarter of 2019 aimed at integrating and optimizing the combined organization. As previously announced, the Company continues to target realizing approximately $180 million of pre-tax synergies driven by procurement, supply chain, and general and administrative savings by the end of fiscal year 2022. The Company's total 2019 Bemis Integration Plan pre-tax integration costs are expected to be approximately $200 million. The total 2019 Bemis Integration Plan costs include $165 million of restructuring and related expenses and $35 million of general integration expenses. The restructuring and related expenses are comprised of approximately $100 million in employee related expenses, $30 million in fixed asset related expenses, $15 million in other restructuring and $20 million in restructuring related expenses. The Company estimates that approximately $150 million of the $200 million total integration costs will result in cash expenditures, of which $115 million relate to restructuring and related expenditures. Cash payments for the nine months ended March 31, 2020 were $69.3 million, of which $38.3 million were payments related to restructuring and related expenditures. Cash payments of approximately $20 million to $30 million are expected for the balance of the fiscal year with $10 million to $20 million representing payments for restructuring and related expenses. The 2019 Bemis Integration Plan relates to the Flexibles segment and Corporate and is expected to be completed by the end of fiscal year 2022. Restructuring related costs are directly attributable to restructuring activities; however, they do not qualify for special accounting treatment as exit or disposal activities. General integration costs are not linked to restructuring. The Company believes the disclosure of restructuring related costs provides more information on the total cost of our 2019 Bemis Integration Plan. The restructuring related costs relate primarily to the closure of facilities and include costs to replace graphics, train new employees on relocated equipment and anticipated loss on sale of closed facilities. 2018 Rigid Packaging Restructuring Plan On August 21, 2018, the Company announced a restructuring plan in Amcor Rigid Packaging ("2018 Rigid Packaging Restructuring Plan") aimed at reducing structural costs and optimizing the footprint. The Plan includes the closures of manufacturing facilities and headcount reductions to achieve manufacturing footprint optimization and productivity improvements as well as overhead cost reductions. The Company's total 2018 Rigid Packaging Restructuring Plan pre-tax restructuring costs are expected to be approximately $95 million with the main component being the cost to exit manufacturing facilities and employee related costs. The Company estimates that approximately $65 million of the $95 million total costs will result in cash expenditures. Cash payments for the nine months ended March 31, 2020 were $12.2 million, with approximately $5 million to $10 million expected during the remainder of the fiscal year. The 2018 Rigid Packaging Restructuring Plan is expected to be completed during fiscal 2021. Other Restructuring Plans The Company has entered into other individually immaterial restructuring plans ("Other Restructuring Plans"). The Company's restructuring charge related to these plans was approximately $0.8 million and $1.5 million for the three months ended March 31, 2020 and 2019, respectively, and $1.8 million and $16.2 million for the nine months ended March 31, 2020 and 2019, respectively. Consolidated Amcor Restructuring Plans The total costs incurred from the beginning of the Company's material restructuring plans are as follows:
($ in millions) |  | 2018 Rigid Packaging Restructuring Plan |  | 2019 Bemis Integration Plan |  | Other Restructuring Plans |  | Total Restructuring and Related Expenses (1)
Fiscal year 2019 net charges to earnings |  | 64.1 |  |  | 47.9 |  |  | 18.8 |  |  | 130.8 |
Fiscal year 2020 first quarter net charges to earnings |  | 3.4 |  |  | 13.9 |  |  | 0.3 |  |  | 17.6 |
Fiscal year 2020 second quarter net charges to earnings |  | 2.6 |  |  | 20.8 |  |  | 0.7 |  |  | 24.1 |
Fiscal year 2020 third quarter net charges to earnings |  |  | 7.8 |  |  |  | 11.5 |  |  |  | 0.8 |  |  | 20.1 |
Expense incurred to date |  | $ | 77.9 |  |  | $ | 94.1 |  |  | $ | 20.6 |  |  | $ | 192.6 |
(1)Total restructuring and related expenses includes restructuring related costs from the 2019 Bemis Integration Plan of $1.8 million, $3.6 million, $1.5 million and $2.0 million for the fiscal year 2019, fiscal year 2020 first quarter, fiscal year 2020 second quarter, and fiscal year 2020 third quarter, respectively. An analysis of the Company's restructuring plan liability is as follows:
($ in millions) |  | Employee Costs |  | Fixed Asset Related Costs |  | Other Costs |  | Total Restructuring Costs
Liability balance at June 30, 2019 |  | 72.5 |  |  | 6.7 |  |  | 8.4 |  |  | 87.6 |
Net charges to earnings |  | 32.7 |  |  | 9.3 |  |  | 12.7 |  |  | 54.7 |
Cash paid |  | (39.0) |  |  | (2.5) |  |  | (14.4) |  |  | (55.9) |
Non-cash and other |  | — |  |  | (8.9) |  |  | — |  |  | (8.9) |
Foreign currency translation |  | 0.1 |  |  | — |  |  | (0.1) |  |  | — |
Liability balance at March 31, 2020 |  | $ | 66.3 |  |  | $ | 4.6 |  |  | $ | 6.6 |  |  | 77.5 |
The costs related to restructuring activities have been presented on the consolidated statement of income as restructuring and related expenses. The accruals related to restructuring activities have been recorded on the unaudited condensed consolidated balance sheet under other current liabilities.

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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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