Impairment and Restructuring Charges

12 Months Ended

Dec. 31, 2016

Impairment and Restructuring Charges

Note 17. Impairment and Restructuring Charges

We recorded impairment and restructuring charges of $69.1 million and $56.3 million in the years ended December 31, 2016 and 2015, respectively. These charges mainly relate to certain of our energy-related businesses as a result of the impact to our businesses from continued low crude oil prices that reduced drilling activity and the resulting decline in demand for the products we sell to the energy market (oil and gas). Also included are charges relating to the planned closure or sale of certain locations.

The impairment and restructuring charges consisted of the following:



	Year Ended December 31,
	2016		2015
	(in millions)
Property, plant and equipment	$	16.0	$	17.7
Intangible assets, net		36.4		35.6
Total impairment charges		52.4		53.3
Restructuring - cost of sales		12.8		1.6
Restructuring - warehouse, delivery, selling, general and administrative expense		2.9		1.0
Restructuring - depreciation expense		—		0.4
Restructuring - non-operating expense		1.0		—
Total impairment and restructuring charges	$	69.1	$	56.3

The property, plant and equipment and restructuring – cost of sales charges relate to the planned closure or sale of certain locations where we anticipate losses on disposition of certain real property, machinery and equipment and inventories. The intangible assets, net charge is due to lowered expectations of future profitability of certain of our energy-related businesses.