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Restructuring and Other Charges (Income) (Tables) | 9 Months Ended
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Sep. 30, 2022
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 September 30, |  | Nine Months Ended September 30,
(in Millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Restructuring charges | $ | 2.0 |  |  | $ | 2.1 |  |  | $ | 16.6 |  |  | $ | 18.9 |
Other charges (income), net | 7.0 |  |  | 30.7 |  |  | 82.3 |  |  | 33.4 |
Total restructuring and other charges (income) | $ | 9.0 |  |  | $ | 32.8 |  |  | $ | 98.9 |  |  | $ | 52.3 |
Schedule of restructuring charges and asset disposals |
(in Millions) | Severance and Employee Benefits |  | Other Charges (Income) (1) |  | Asset Disposal Charges (Income) (2) |  | Total
DuPont Crop restructuring (3) | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |
Regional realignment (4) | 0.4 |  |  | 0.7 |  |  | — |  |  | 1.1 |
Other items | 0.1 |  |  | 0.7 |  |  | — |  |  | 0.8 |
Three Months Ended September 30, 2022 | $ | 0.5 |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | 2.0 |
DuPont Crop restructuring (3) | $ | — |  |  | $ | 0.8 |  |  | $ | — |  |  | $ | 0.8 |
Regional realignment (4) | 0.7 |  |  | 0.3 |  |  | — |  |  | 1.0 |
Other items | 0.3 |  |  | — |  |  | — |  |  | 0.3 |
Three Months Ended September 30, 2021 | $ | 1.0 |  |  | $ | 1.1 |  |  | $ | — |  |  | $ | 2.1 |
DuPont Crop restructuring (3) | $ | — |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | 0.6 |
Regional realignment (4) | 3.8 |  |  | 2.2 |  |  | — |  |  | 6.0 |
Other items | — |  |  | 1.8 |  |  | 8.2 |  |  | 10.0 |
Nine Months Ended September 30, 2022 | $ | 3.8 |  |  | $ | 4.6 |  |  | $ | 8.2 |  |  | $ | 16.6 |
DuPont Crop restructuring | $ | 1.2 |  |  | $ | 3.7 |  |  | $ | 0.9 |  |  | $ | 5.8 |
Regional realignment (4) | 5.2 |  |  | 3.5 |  |  | 0.2 |  |  | 8.9 |
Other items | 4.2 |  |  | — |  |  | — |  |  | 4.2 |
Nine Months Ended September 30, 2021 | $ | 10.6 |  |  | $ | 7.2 |  |  | $ | 1.1 |  |  | $ | 18.9 |
____________________ (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 nine months ended September 30, 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 and nine months ended September 30, 2022 and September 30, 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)Beginning in the second quarter of 2021, we began to consolidate our global operations into centralized regional headquarters within EMEA and APAC. The regional realignment restructuring charges during the three and nine months ended September 30, 2022 and September 30, 2021 are primarily related to severance and other exit costs resulting from this consolidation.
Restructuring reserve rollforward | 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 9/30/22 (4)
DuPont Crop restructuring (1) | $ | 8.6 |  |  | $ | 0.6 |  |  | $ | (4.0) |  |  | $ | (0.1) |  |  | $ | 5.1 |
Regional realignment (2) | 4.0 |  |  | 6.0 |  |  | (5.4) |  |  | — |  |  | 4.6 |
Other workforce related and facility shutdowns (3) | 2.3 |  |  | 1.8 |  |  | (3.3) |  |  | — |  |  | 0.8 |
Total | $ | 14.9 |  |  | $ | 8.4 |  |  | $ | (12.7) |  |  | $ | (0.1) |  |  | $ | 10.5 |
____________________ (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 nine months ended September 30, 2022 there was also approximately $6.7 million of spending related to the Furadan® asset retirement obligation as well as $6.3 million of additional spending for items in the restructuring and other charge line item that are not in the rollforward above.
Schedule of other charges (income), net |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in Millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Environmental charges, net | $ | 3.4 |  |  | $ | 3.7 |  |  | $ | 1.0 |  |  | $ | 3.3 |
Exit from Russian Operations | — |  |  | — |  |  | 76.1 |  |  | — |
Other items, net | 3.6 |  |  | 27.0 |  |  | 5.2 |  |  | 30.1 |
Other charges (income), net | $ | 7.0 |  |  | $ | 30.7 |  |  | $ | 82.3 |  |  | $ | 33.4 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: 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) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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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 https://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 https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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