XML 50 R38.htm IDEA: XBRL DOCUMENT v3.19.2
Restructuring and Other Charges (Income) (Tables)
 6 Months Ended
Jun. 30, 2019
Restructuring and Related Activities [Abstract]  
Schedule of restructuring and other charges (income)
Our restructuring and other charges (income) are comprised of restructuring, asset disposals and other charges (income) as noted below.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in Millions)
2019
 
2018
 
2019
 
2018
Restructuring charges
$
7.1

 
$
76.8

 
$
12.3

 
$
79.4

Other charges (income), net
5.6

 
4.1

 
8.2

 
(78.4
)
Total restructuring and other charges (income)
$
12.7

 
$
80.9

 
$
20.5

 
$
1.0
Schedule of restructuring charges and asset disposals
 
Restructuring Charges
(in Millions)
Severance and Employee Benefits (1)
 
Other Charges (Income) (2)
 
Asset Disposal Charges (3)
 
Total
DuPont Crop restructuring
$
1.8

 
$
1.0

 
$
1.3

 
$
4.1

Other items
1.7

 
—

 
1.3

 
3.0

Three Months Ended June 30, 2019
$
3.5

 
$
1.0

 
$
2.6

 
$
7.1

 
 
 
 
 
 
 
 
DuPont Crop restructuring
$
8.3

 
$
3.1

 
$
60.1

 
$
71.5

Other items
2.8

 
—

 
2.5

 
5.3

Three Months Ended June 30, 2018
$
11.1

 
$
3.1

 
$
62.6

 
$
76.8

 
 
 
 
 
 
 
 
DuPont Crop restructuring
$
4.5

 
$
2.0

 
$
1.5

 
$
8.0

Other items
1.7

 
—

 
2.6

 
4.3

Six Months Ended June 30, 2019
$
6.2

 
$
2.0

 
$
4.1

 
$
12.3

 
 
 
 
 
 
 
 
DuPont Crop restructuring
$
8.3

 
$
3.1

 
$
61.1

 
$
72.5

Other Items
2.8

 
1.6

 
2.5

 
6.9

Six Months Ended June 30, 2018
$
11.1

 
$
4.7

 
$
63.6

 
$
79.4

____________________ 
(1)
Represents severance and employee benefit charges.
(2)
Primarily represents third-party costs associated with miscellaneous restructuring activities.
(3)
Primarily represents asset write-offs and accelerated depreciation on long-lived assets, which were or are to be abandoned. To the extent incurred, the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations due to facility shutdowns, are also included within the asset disposal charges.
Restructuring reserve rollforward
The following table shows a roll forward of restructuring reserves, continuing and discontinued, that will result in cash spending. These amounts exclude asset retirement obligations.
(in Millions)
Balance at
12/31/18 (2)
 
Change in
reserves (3)
 
Cash
payments
 
Other
 
Balance at
6/30/19 (2)
DuPont Crop restructuring
$
16.2

 
$
6.5

 
$
(8.1
)
 
$
(0.5
)
 
$
14.1

Other workforce related and facility shutdowns (1)
1.0

 
1.7

 
(2.1
)
 
0.6

 
1.2

Total
$
17.2

 
$
8.2

 
$
(10.2
)
 
$
0.1

 
$
15.3

____________________ 
(1)
Primarily severance costs related to workforce reductions and facility shutdowns.
(2)
Included in "Accrued and other liabilities" on the condensed consolidated balance sheets.
(3)
Primarily severance, exited lease, contract termination and other miscellaneous exit costs. Any accelerated depreciation and impairment charges noted above that impacted our property, plant and equipment balances or other long-term assets are not included in the above tables.
Schedule of other charges (income), net
Other charges (income), net
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in Millions)
2019
 
2018
 
2019
 
2018
Environmental charges, net
$
5.6

 
$
4.1

 
$
8.2

 
$
6.6

Product portfolio sales
—

 
—

 
—

 
(85.0
)
Other charges (income), net
$
5.6

 
$
4.1

 
$
8.2

 
$
(78.4
)