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RESTRUCTURING INITIATIVES | 12 Months Ended
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Dec. 31, 2020
Restructuring and Related Activities [Abstract] |
RESTRUCTURING INITIATIVES | RESTRUCTURING INITIATIVES In late 2017, we began a business transformation to drive profitable sales growth, increase operational excellence, enhance our approach to innovation and improve organizational effectiveness. The primary focus of the plan is the Beauty + Home segment; however, certain global general and administrative functions have also been addressed. During 2020, we recognized $26.5 million of restructuring costs related to this plan, of which $2.5 million was related to asset impairment. During 2019 and 2018, we recognized approximately $20.5 million and $63.8 million of restructuring costs related to this plan, respectively. Using current exchange rates, we expect total implementation costs of approximately $125 million for these initiatives, including costs that have been recognized to date. The cumulative expense incurred as of December 31, 2020 was $113.0 million. We have also made total capital investments of approximately $50 million related to this plan, with no further significant capital investments expected. As of December 31, 2020 we have recorded the following activity associated with the transformation plan:
| Beginning Reserve at 12/31/2019 |  | Net Charges for the Year Ended 12/31/2020 |  | Cash Paid |  | Interest and FX Impact |  | Ending Reserve at 12/31/2020
Employee severance | $ | 7,090 |  |  | $ | 16,162 |  |  | $ | (14,731) |  |  | $ | (565) |  |  | $ | 7,956 |
Professional fees and other costs | 3,609 |  |  | 7,854 |  |  | (9,502) |  |  | 572 |  |  | 2,533 |
Totals | $ | 10,699 |  |  | $ | 24,016 |  |  | $ | (24,233) |  |  | $ | 7 |  |  | $ | 10,489 |

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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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