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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2020
Business Combinations [Abstract] |
Acquisition costs | The following table summarizes the costs incurred associated with these activities.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in Millions) | 2020 |  | 2019 |  | 2020 |  | 2019
DuPont Crop Protection Business Acquisition |  |  |  |  |  |  |
Legal and professional fees (1) | $ | 14.4 |  |  | $ | 16.0 |  |  | $ | 40.4 |  |  | $ | 52.6 |
Total Transaction-related charges | $ | 14.4 |  |  | $ | 16.0 |  |  | $ | 40.4 |  |  | $ | 52.6 |
Restructuring charges |  |  |  |  |  |  |
DuPont Crop restructuring (2) | $ | 6.4 |  |  | $ | 2.6 |  |  | $ | 29.6 |  |  | $ | 13.2 |
Total DuPont Crop restructuring charges | $ | 6.4 |  |  | $ | 2.6 |  |  | $ | 29.6 |  |  | $ | 13.2 |
____________________ (1) Represents transaction costs, costs for transitional employees, other acquired employees related costs, and transactional-related costs such as legal and professional third-party fees. These charges are recorded as a component of "Selling, general and administrative expense" on the condensed consolidated statements of income (loss). (2) See Note 10 for more information. These charges are recorded as a component of "Restructuring and other charges (income)" on the condensed consolidated statements of income (loss). Except for the completion of certain in-flight initiatives, primarily associated with the finalization of our worldwide ERP system, we completed the integration of the DuPont Crop Protection Business as of June 30, 2020. As noted, the TSA is now terminated and the last phase of the ERP system transition went live in November 2020 with a stabilization period that will go into the first quarter of 2021. We anticipate remaining expense of approximately $15 million to $20 million for the completion of these defined in-flight initiatives over that time period. We will also have remaining in-flight restructuring charges as we complete the established DuPont Crop Restructuring program associated with integration. Refer to Note 10 for further information. As a result of completing the implementation of our worldwide ERP system, we will have a series of delayed restructurings under a separate initiative from those discussed above. These future restructurings are the result of consolidating activities into one system as well as into several shared service centers allowing us to improve productivity and gain efficiencies in our processes. The first wave of this new initiative is anticipated to run through 2021 and is estimated to result in pre-tax severance charges of approximately $5 million to $8 million primarily due to the fact we will be performing activities in one ERP system as opposed to multiple. Severance associated with the outer years of these restructurings is not expected to be material and will be determined as we progress through the initiative.

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