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RESTRUCTURING INITIATIVES | 9 Months Ended
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Sep. 30, 2021
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 are also being addressed. For the three and nine months ended September 30, 2021, we recognized $10.2 million and $18.8 million of restructuring costs related to this plan, respectively. For the three and nine months ended September 30, 2020, we recognized $3.4 million and $15.6 million of restructuring costs related to this plan, respectively. Using current exchange rates, we estimate total implementation costs of approximately $135 million for these initiatives, including costs that have been recognized to date. The cumulative expense incurred as of September 30, 2021 was $131.8 million and we do not expect additional, significant restructuring costs related to this plan. We have also made total capital investments related to this plan of approximately $50 million, with no further significant capital investments expected. As of September 30, 2021 we have recorded the following activity associated with the business transformation:
| Beginning Reserve at 12/31/2020 |  | Net Charges for the Nine Months Ended 9/30/2021 |  | Cash Paid |  | Interest and FX Impact |  | Ending Reserve at 9/30/2021
Employee severance | $ | 7,956 |  |  | $ | 293 |  |  | $ | (5,506) |  |  | $ | (179) |  |  | $ | 2,564 |
Professional fees and other costs | 2,533 |  |  | 18,478 |  |  | (20,117) |  |  | (46) |  |  | 848 |
Totals | $ | 10,489 |  |  | $ | 18,771 |  |  | $ | (25,623) |  |  | $ | (225) |  |  | $ | 3,412 |

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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 + Details
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