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Rationalization Charges (Tables) | 6 Months Ended
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Jun. 30, 2019
Restructuring and Related Activities [Abstract] |
Activity in Rationalization Plan Reserves | Rationalization charges by business segment were as follows:
| Three Months Ended |  | Six Months Ended
| June 30, 2019 |  | June 30, 2018 |  | June 30, 2019 |  | June 30, 2018
| (Dollars in thousands)
Metal containers | $ | 39,023 |  |  | $ | 258 |  |  | $ | 39,245 |  |  | $ | 740 |
Closures | 248 |  |  | — |  |  | 5,908 |  |  | 39 |
Plastic containers | 46 |  |  | 234 |  |  | 247 |  |  | 416 |
| $ | 39,317 |  |  | $ | 492 |  |  | $ | 45,400 |  |  | $ | 1,195 |
In June 2019, we announced a footprint optimization plan for our metal container business, which includes the closing of our metal container manufacturing facilities in Mt. Vernon, Missouri and Waupun, Wisconsin anticipated to occur in the fourth quarter of 2019. These plant closings, in conjunction with the prior ratification of a new labor agreement at our Menomonee Falls, Wisconsin metal container manufacturing facility that provided for the withdrawal for that facility from the Central States, Southeast and Southwest Areas Pension Plan, or the Central States Pension Plan, will result in our complete withdrawal from the Central States Pension Plan. We estimate net rationalization charges for this plan of $3.7 million for the plant closings and $56.4 million for the withdrawal from the Central States Pension Plan. We recorded total rationalization charges for this plan of $38.7 million in the second quarter of 2019, consisting of $2.5 million for the plant closings and $36.2 million to recognize the present value of the estimated withdrawal liability related to the Central States Pension Plan. Remaining expenses and cash expenditures for the plant closings are $1.2 million and $2.9 million, respectively, and are expected through 2021. Remaining expenses for the accretion of interest for the withdrawal liability related to the Central States Pension Plan are expected to average approximately $1.0 million per year and be recognized annually for the next twenty years, and remaining cash expenditures related to the withdrawal from the Central States Pension Plan are expected to be approximately $2.8 million annually for the next twenty years. Rationalization charges in the first six months of 2019 for the closures business were primarily related to the announced shutdown in the first quarter of 2019 of the Torello, Spain metal closures manufacturing facility. Activity in reserves for our rationalization plans were as follows:
|  | Employee Severance and Benefits |  | Plant Exit Costs |  | Non-Cash Asset Write-Down |  | Total
|  | (Dollars in thousands)
Balance at December 31, 2018 |  | $ | 130 |  |  | $ | 1,482 |  |  | $ | — |  |  | $ | 1,612 |
Charged to expense |  | 41,661 |  |  | 437 |  |  | 3,302 |  |  | 45,400 |
Utilized and currency translation |  | (1,146 | ) |  | (723 | ) |  | (3,302 | ) |  | (5,171 | )
Balance at June 30, 2019 |  | $ | 40,645 |  |  | $ | 1,196 |  |  | $ | — |  |  | $ | 41,841 |

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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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