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Restructuring and Other Charges (Income) (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31,
(in Millions) |  |  |  |  | 2023 |  | 2022
Restructuring charges |  |  |  |  | $ | 0.9 |  |  | $ | 11.2 |
Other charges (income), net |  |  |  |  | 11.6 |  |  | (2.1) |
Total restructuring and other charges (income) |  |  |  |  | $ | 12.5 |  |  | $ | 9.1 |
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 | $ | — |  |  | $ | (2.4) |  |  | $ | 2.8 |  |  | $ | 0.4 |
Other items | — |  |  | 0.5 |  |  | — |  |  | 0.5 |
Three Months Ended March 31, 2023 | $ | — |  |  | $ | (1.9) |  |  | $ | 2.8 |  |  | $ | 0.9 |
DuPont Crop restructuring | $ | — |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |
Regional realignment | 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 |
____________________ (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.
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 12/31/22 (6) |  | Change in reserves (4) |  | Cash payments |  | Other (5) |  | Balance at 3/31/23 (6)
DuPont Crop restructuring (1) | $ | 5.0 |  |  | $ | — |  |  | $ | (0.2) |  |  | $ | — |  |  | $ | 4.8 |
Regional realignment (2) | 3.0 |  |  | — |  |  | (0.9) |  |  | (0.1) |  |  | 2.0 |
Other workforce related and facility shutdowns (3) | 2.6 |  |  | 0.5 |  |  | (0.5) |  |  | — |  |  | 2.6 |
Total | $ | 10.6 |  |  | $ | 0.5 |  |  | $ | (1.6) |  |  | $ | (0.1) |  |  | $ | 9.4 |
____________________ (1)Primarily consists of residual separation costs 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 and other exit costs related to workforce reductions and facility shutdowns. (4)Primarily other miscellaneous exit costs. The accelerated depreciation and asset impairment charges associated with these restructurings that have impacted our property, plant and equipment or intangible balances are not included in this table. (5)Primarily foreign currency translation adjustments. (6)Included in "Accrued and other liabilities" and "Other long-term liabilities" on the consolidated balance sheets.
Schedule of other charges (income), net |
|  |  | Three Months Ended March 31,
(in Millions) |  |  |  |  | 2023 |  | 2022
Environmental charges, net |  |  |  |  | $ | 2.3 |  |  | $ | (3.3) |
Pakistan currency devaluation charge |  |  |  |  | 6.9 |  |  | — |
Other items, net |  |  |  |  | 2.4 |  |  | 1.2 |
Other charges (income), net |  |  |  |  | $ | 11.6 |  |  | $ | (2.1) |

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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 -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + 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 -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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