OTHER ITEMS IMPACTING COMPARABILITY

12 Months Ended

Dec. 31, 2021

Other Income and Expenses [Abstract]

Our primary measure of segment performance as shown in Note 3, "Segment Reporting," excludes certain items we do not believe are representative of the ongoing operations of the segment. Excluding these items from our segment measure of performance allows for better year over year comparison:


	Years ended December 31,
	2021		2020		2019
			(In thousands)
Restructuring and other, net	$	19,656	$	76,364	$	35,308
ERP implementation costs	12,715		34,251		21,260
Restructuring and other items, net	32,371		110,615		56,568



Gains on sale of properties	(42,031)		(5,418)		(18,614)
Early redemption of medium-term notes	—		8,999		—
ChoiceLease liability insurance revenue (1)	(777)		(23,817)		—
Other items impacting comparability, net	$	(10,437)	$	90,379	$	37,954

_______________

(1) Refer to Note 3, "Segment Reporting," for additional information.

Note: Amounts may not be additive due to rounding.

In 2021, 2020 and 2019, other items impacting comparability included:

•Restructuring and other, net — In 2021, this item primarily included transaction costs related to the acquisitions of Midwest Warehouse and Distribution (Midwest) and PLG Investments I, LLC (Whiplash) and severance costs. We intend to exit the FMS U.K. business over the next 12 to 18 months, subject to consultation obligations under U.K. law. If, following consultation, we proceed with the exit, we expect to incur between $20 million to $32 million in costs primarily related to severance, of which $8 million were recorded in 2021 and are reflected in "Accrued expenses and other current liabilities" in the Consolidated Balance Sheets. Restructuring and other, net in 2021 also includes professional fees related to the pursuit of a discrete commercial claim and the offsetting related recovery of the claim during 2021.

In 2020, this item primarily included expenses of $44 million associated with our discontinued ChoiceLease liability insurance program, professional fees related to the pursuit of a commercial claim and expenses related to the shutdown of several leased locations in the North America and U.K. FMS operations. We completed the exit of the ChoiceLease liability insurance program in the first quarter of 2021. In addition, we recorded severance costs of $13 million in 2020 related to actions to reduce headcount, primarily in our North American and U.K. FMS operations.

In 2019, this item primarily included expenses related to employee termination costs due to the closure of several FMS maintenance locations in the U.S. and Canada. We also incurred charges related to cost savings initiatives and the pursuit of a commercial claim and we recognized income from our Singapore operations that were shut down during the second quarter of 2019.

•ERP implementation costs — This item relates to charges in connection with the implementation of an Enterprise Resource Planning (ERP) system. In July 2020, we went live with the first module of our ERP system for human resources. In April 2021, we went live with the financial module to replace the existing core financial system.

•Gains on sale of properties — In 2021 and 2020, we recorded gains on the sale of certain FMS maintenance properties in the U.K. and U.S. that were restructured as part of cost reduction activities in prior period. In 2019, we recorded gains on the sale of certain SCS properties. These gains are reflected within "Miscellaneous (income) loss, net" in our Consolidated Statements of Earnings.

•Early redemption of medium-term notes — We recognized a charge related to the early redemption of two medium term-notes in the fourth quarter of 2020. This charge is reflected within "Interest expense" in the Consolidated Statements of Earnings.