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Rationalization Charges (Tables) | 12 Months Ended
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Dec. 31, 2019
Restructuring and Related Activities [Abstract] |
Activity in Rationalization Plan Reserves | Rationalization charges by business segment for each of the years ended December 31 were as follows:
| 2019 |  | 2018 |  | 2017
| (Dollars in thousands)
Metal containers | $ | 49,425 |  |  | $ | 5,316 |  |  | $ | 3,308 |
Closures | 6,562 |  |  | 180 |  |  | 1,042 |
Plastic containers | 364 |  |  | 757 |  |  | 1,476 |
| $ | 56,351 |  |  | $ | 6,253 |  |  | $ | 5,826 |
In June 2019, we announced a footprint optimization plan for our metal container business, which included the closing of our metal container manufacturing facilities in Mt. Vernon, Missouri and Waupun, Wisconsin 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 $3.5 million for the plant closings and $62.0 million for the withdrawal from the Central States Pension Plan. We recorded total rationalization charges for this plan of $46.2 million for the year ended December 31, 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 $1.1 million per year and be recognized annually for the next twenty years, and remaining cash expenditures for the withdrawal liability related to the Central States Pension Plan are expected to be approximately $3.1 million annually for the next twenty years, beginning in 2020. Although the annual payments for such withdrawal liability will be somewhat higher than our annual funding requirements to the Central States Pension Plan prior to our withdrawal, such increase will not be significant. Rationalization charges for the year ended December 31, 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 was as follows:
| Employee Severance and Benefits |  | Plant Exit Costs |  | Non-Cash Asset Write-Down |  | Total
| (Dollars in thousands)
Balance as of January 1, 2017 | $ | 945 |  |  | $ | 2,426 |  |  | $ | — |  |  | $ | 3,371 |
Charged to expense | 1,255 |  |  | 1,380 |  |  | 3,191 |  |  | 5,826 |
Utilized and currency translation | (2,178 | ) |  | (1,409 | ) |  | (3,191 | ) |  | (6,778 | )
Balance at December 31, 2017 | 22 |  |  | 2,397 |  |  | — |  |  | 2,419 |
Charged to expense | 898 |  |  | 534 |  |  | 4,821 |  |  | 6,253 |
Utilized and currency translation | (790 | ) |  | (1,449 | ) |  | (4,821 | ) |  | (7,060 | )
Balance at December 31, 2018 | 130 |  |  | 1,482 |  |  | — |  |  | 1,612 |
Charged to expense | 49,496 |  |  | 1,336 |  |  | 5,519 |  |  | 56,351 |
Utilized and currency translation | (6,811 | ) |  | (1,920 | ) |  | (5,519 | ) |  | (14,250 | )
Balance at December 31, 2019 | $ | 42,815 |  |  | $ | 898 |  |  | $ | — |  |  | $ | 43,713 |

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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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