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Impairment and Restructuring Charges

12 Months Ended

Dec. 31, 2017

Impairment and Restructuring Charges

Impairment and Restructuring Charges

Note 17. Impairment and Restructuring Charges

We recorded impairment and restructuring charges of $4.1 million,  $69.1 million and $56.3 million in 2017, 2016 and 2015, respectively. The 2016 and 2015 charges mainly related 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).

The impairment and restructuring charges consisted of the following:

	Year Ended December 31,
	2017			2016			2015
	(in millions)
Property, plant and equipment	$	4.2		$	16.0		$	17.7
Intangible assets, net		—			36.4			35.6
Total impairment charges		4.2			52.4			53.3
Restructuring––cost of sales		(0.2)			12.8			1.6
Restructuring––warehouse, delivery, selling, general and administrative expense		0.1			2.9			1.0
Restructuring––depreciation expense		—			—			0.4
Restructuring––non-operating expense		—			1.0			—
Total impairment and restructuring charges	$	4.1		$	69.1		$	56.3

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The entire 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.

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