XML 30 R19.htm IDEA: XBRL DOCUMENT v3.22.1
Restructuring and Other Charges (Income)
3 Months Ended
Mar. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges (Income) 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 March 31,
(in Millions)20222021
Restructuring charges$11.2 $6.3 
Other charges (income), net(2.1)(3.1)
Total restructuring and other charges (income)$9.1 $3.2 
Restructuring charges
For detail on restructuring activities which commenced prior to 2022, see Note 9 to our consolidated financial statements included within our 2021 Form 10-K.
(in Millions)
Severance and Employee Benefits
Other Charges (Income) (1)
Asset Disposal Charges (Income) (2)
Total
DuPont Crop restructuring (3)
$— $0.3 $— $0.3 
Regional realignment (4)
2.0 0.5 — 2.5 
Other items(0.4)0.6 8.2 8.4 
Three Months Ended March 31, 2022$1.6 $1.4 $8.2 $11.2 
DuPont Crop restructuring (3)
$1.2 $1.1 $1.0 $3.3 
Other items2.3 0.7 — 3.0 
Three Months Ended March 31, 2021$3.5 $1.8 $1.0 $6.3 
____________________ 
(1)Primarily represents costs associated with miscellaneous restructuring activities, including third-party costs. Other income, if applicable, primarily represents favorable developments on previously recorded exit costs and recoveries associated with restructuring.
(2)Primarily represents asset write-offs (recoveries) 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. The amount for the three months ended March 31, 2022 represents fixed asset charges resulting from the closure of certain manufacturing sites during the period.
(3)Restructuring charges related to DuPont Crop restructuring during the three months ended March 31, 2022 and March 31, 2021 represent the remaining in-flight restructuring charges as we completed the established DuPont Crop Restructuring program associated with integration. These charges are primarily associated with accelerated depreciation on certain fixed assets, severance, and other costs as we exit certain facilities.
(4)In January 2022, we began to consolidate our Asia Pacific operations into a single regional headquarters in Singapore. The regional realignment restructuring charges during the three months ended March 31, 2022 are primarily related to severance and other exit costs resulting from this consolidation.
Roll forward of restructuring reserves
The following table shows a roll forward of restructuring reserves, that will result in cash spending. These amounts exclude asset retirement obligations.
(in Millions)
Balance at
12/31/21 (4)
Change in
reserves (5)
Cash
payments (6)
Other
Balance at
3/31/22 (4)
DuPont Crop restructuring (1)
$8.6 $0.3 $(1.9)$— $7.0 
Regional realignment (2)
4.0 2.5 (1.2)(0.1)5.2 
Other workforce related and facility shutdowns (3)
2.3 0.2 (1.5)— 1.0 
Total$14.9 $3.0 $(4.6)$(0.1)$13.2 
____________________ 
(1)Primarily consists of exit costs and severance associated with DuPont Crop restructuring activities.
(2)Primarily consists of severance and employee relocation costs as well as other costs associated with the relocation of our European headquarters and the consolidation of our Asia Pacific operations into a single regional headquarters in Singapore.
(3)Primarily severance costs related to workforce reductions and facility shutdowns.
(4)Included in "Accrued and other liabilities" and "Other long-term liabilities" on the condensed consolidated balance sheets.
(5)Primarily severance 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 this table.
(6)In addition to the spend above, for the three months ended March 31, 2022 there was also approximately $1.0 million of spending related to the Furadan® asset retirement obligation.
Other charges (income), net
 Three Months Ended March 31,
(in Millions)20222021
Environmental charges, net$(3.3)$(4.1)
Other items, net1.2 1.0 
Other charges (income), net$(2.1)$(3.1)

Environmental charges, net
Environmental charges represent the net charges associated with environmental remediation at continuing operating sites. See Note 11 for additional details. Environmental obligations for continuing operations primarily represent obligations at shut down or abandoned facilities within businesses that do not meet the criteria for presentation as discontinued operations.