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Rationalization Charges | 9 Months Ended
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Sep. 30, 2019
Restructuring and Related Activities [Abstract] |
Rationalization Charges | Rationalization Charges We continually evaluate cost reduction opportunities across each of our businesses, including rationalizations of our existing facilities through plant closings and downsizings. We use a disciplined approach to identify opportunities that generate attractive cash returns. Rationalization charges by business segment were as follows:
| Three Months Ended |  | Nine Months Ended
| Sept. 30, 2019 |  | Sept. 30, 2018 |  | Sept. 30, 2019 |  | Sept. 30, 2018
| (Dollars in thousands)
Metal containers | $ | 3,035 |  |  | $ | 72 |  |  | $ | 42,280 |  |  | $ | 812 |
Closures | 72 |  |  | 111 |  |  | 5,979 |  |  | 150 |
Plastic containers | 88 |  |  | 105 |  |  | 335 |  |  | 521 |
| $ | 3,195 |  |  | $ | 288 |  |  | $ | 48,594 |  |  | $ | 1,483 |
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 $40.7 million in the first nine months of 2019 largely 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 not expected to be significant. 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, beginning in 2020. Rationalization charges in the first nine 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 |  | 42,556 |  |  | 808 |  |  | 5,230 |  |  | 48,594 |
Utilized and currency translation |  | (2,543 | ) |  | (1,241 | ) |  | (5,230 | ) |  | (9,014 | )
Balance at September 30, 2019 |  | $ | 40,143 |  |  | $ | 1,049 |  |  | $ | — |  |  | $ | 41,192 |
Rationalization reserves as of September 30, 2019 were recorded in our Condensed Consolidated Balance Sheets as accrued liabilities of $5.3 million and other liabilities of $35.9 million. Exclusive of the footprint optimization plan for our metal container business and withdrawal from the Central States Pension Plan discussed above, remaining expenses for our rationalization plans of $2.4 million are expected primarily through 2019 and remaining cash expenditures for our rationalization plans of $5.0 million are expected through 2023.

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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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