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Restructuring Charges (Notes)

6 Months Ended

Jun. 30, 2021

Restructuring Charges [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring Charges

Beginning in the second quarter of 2020, the Company took restructuring actions to lower its operating expenses structurally and permanently relative to revenue and to accelerate the transformation of our business (the “2020 Restructuring Plan”). These actions continued through the fourth quarter, and most were based on our recent experience and learning in the COVID-19 pandemic and a resulting review of our operations to address certain operating expenses such as occupancy expense and salaries and related expenses.

Lease impairment costs, which relate to the office spaces that were vacated as part of the 2020 Restructuring Plan, included impairments of operating lease right-of-use assets and associated leasehold improvements, furniture and asset retirement obligations in addition to losses and gains related to early lease terminations. Lease impairments were calculated based on estimated fair values using market participant assumptions including forecasted net discounted cash flows related to the operating lease right-of-use assets.

All restructuring actions were identified and initiated in 2020, with all actions completed by the end of the fourth quarter of 2020. The amounts for the three and six months ended June 30, 2021 are adjustments to the actions taken in 2020.

The components of the restructuring charges related to the 2020 Restructuring Plan are listed below.

			Three months ended June 30,												Six months ended June 30,
			2021						2020						2021						2020
Severance and termination costs			$	0.6					$	44.6					$	2.1					$	44.6
Lease impairment costs			(0.9)						65.7						(1.1)						65.7
Other restructuring costs			0.1						2.3						0.1						2.3
Total restructuring charges			$	(0.2)					$	112.6					$	1.1					$	112.6

Net restructuring charges were comprised of $0.0 at IAN, ($0.3) at DXTRA and $0.1 at Corporate and Other for the three month ended June 30, 2021, which include non-cash lease impairment costs of ($0.6) at IAN and ($0.3) at DXTRA. Net restructuring charges were comprised of $0.5 at IAN, $0.5 at DXTRA and $0.1 at Corporate and Other for the six months ended June 30, 2021, which include non-cash lease impairment costs of ($0.7) at IAN, ($0.3) at DXTRA and ($0.1) at Corporate and Other. Net restructuring charges were comprised of $68.8 at IAN and $36.7 at DXTRA for the three and six months ended June 30, 2020, which include non-cash lease impairment costs of $35.8 at IAN and $26.8 at DXTRA.

A summary of the restructuring activities taken in the first half of 2021 related to the 2020 Restructuring Plan is as follows:

			2020 Restructuring Plan
			Liability at December 31, 2020						Restructuring Expense						Non-Cash Items						Cash Payments												Liability at June 30, 2021
Severance and termination costs			$	74.6					$	2.1					$	0.3					$	52.6											$	23.8
Lease impairment costs			0.0						(1.1)						(1.1)						0.0												0.0
Other restructuring costs			0.0						0.1						(0.1)						0.2												0.0
Total			$	74.6					$	1.1					$	(0.9)					$	52.8											$	23.8

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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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(e))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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