XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.2

Restructuring Expenses

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Restructuring Expenses

RESTRUCTURING EXPENSES    In recent years, the Company has announced and initiated several actions to rationalize employee headcount in various manufacturing facilities and administrative offices located in the U.S., Europe, South America, Africa and China in order to reduce costs in response to softening global demand. Restructuring expenses activity during the three and six months ended June 30, 2021 is summarized as follows (in millions):

									Employee Severance						Facility Closure Costs						Other Related Closure Costs						Total
Balance as of December 31, 2020									$	11.1					$	3.9					$	1.8					$	16.8
First quarter 2021 provision									1.3						—						—						1.3
First quarter 2021 cash activity									(2.3)						(3.9)						—						(6.2)
Foreign currency translation									(0.1)						—						(0.2)						(0.3)
Balance as of March 31, 2021									$	10.0					$	—					$	1.6					$	11.6
Second quarter 2021 provision									3.9						—						1.5						5.4
Second quarter 2021 cash activity									(1.9)						—						(0.7)						(2.6)
Second quarter 2021 provision reversal									(0.7)						—						—						(0.7)
Foreign currency translation									—						—						0.2						0.2
Balance as of June 30, 2021									$	11.3					$	—					$	2.6					$	13.9

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration