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v3.20.2

Restructuring Restructuring (Tables) | 6 Months Ended
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Jun. 30, 2020
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | The following table summarizes the accrual balances related to these restructuring charges by program:
(in millions) |  | 2020 Repositioning | 2019 Repositioning | 2017 Repositioning | Other Restructuring | Total
Severance: |  |  |  |  |  |
Balance at December 31, 2019 |  | $ | — |  | $ | 9.9 |  | $ | 12.5 |  | $ | — |  | $ | 22.4 |
Expense (Gain)1 |  | 23.8 |  | — |  | (1.0 | ) | 0.3 |  | 23.1 |
Utilization |  | (13.1 | ) | (0.1 | ) | (1.6 | ) | (0.3 | ) | (15.1 | )
Balance at June 30, 20202 |  | $ | 10.7 |  | $ | 9.8 |  | $ | 9.9 |  | $ | — |  | $ | 30.4 |
Other Restructuring Costs: |  |  |  |  |  |
Balance at December 31, 2019 |  | $ | — |  | $ | — |  | $ | 0.2 |  | $ | — |  | $ | 0.2 |
Expense (Gain)1 |  | 1.0 |  | — |  | (1.5 | ) | — |  | (0.5 | )
Utilization |  | (1.0 | ) | — |  | 1.3 |  | — |  | 0.3 |
Balance at June 30, 20202 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
1 Reflected in the Condensed Consolidated Statements of Operations as “Restructuring charges, net” 2 Included within Accrued Liabilities in the Condensed Consolidated Balance Sheets The following table summarizes our restructuring charges, net by program, cost type and segment for the three months ended June 30, 2020 and 2019:
| Three months ended June 30, 2020 |  | Three months ended June 30, 2019
(in millions) | Severance | Other | Total |  | Severance | Other | Total
Fluid Handling | $ | 4.7 |  | $ | — |  | $ | 4.7 |  |  | $ | — |  | $ | — |  | $ | — |
Payment & Merchandising Technologies | 13.8 |  | 1.0 |  | 14.8 |  |  | — |  | — |  | — |
Aerospace & Electronics | 4.7 |  | — |  | 4.7 |  |  | — |  | — |  | — |
Engineered Materials | 0.6 |  | — |  | 0.6 |  |  | — |  | — |  | — |
2020 Repositioning | $ | 23.8 |  | $ | 1.0 |  | $ | 24.8 |  |  | $ | — |  | $ | — |  | $ | — |
Fluid Handling | $ | — |  | $ | — |  | $ | — |  |  | $ | 0.2 |  | $ | — |  | $ | 0.2 |
Payment & Merchandising Technologies | (1.0 | ) | — |  | (1.0 | ) |  | 0.2 |  | 0.6 |  | 0.8 |
Aerospace & Electronics | — |  | — |  | — |  |  | — |  | — |  | — |
2017 Repositioning | $ | (1.0 | ) | $ | — |  | $ | (1.0 | ) |  | $ | 0.4 |  | $ | 0.6 |  | $ | 1.0 |
Payment & Merchandising Technologies | $ | — |  | $ | — |  | $ | — |  |  | $ | 0.2 |  | $ | 0.4 |  | $ | 0.6 |
Acquisition-Related Restructuring | $ | — |  | $ | — |  | $ | — |  |  | $ | 0.2 |  | $ | 0.4 |  | $ | 0.6 |
Total | $ | 22.8 |  | $ | 1.0 |  | $ | 23.8 |  |  | $ | 0.6 |  | $ | 1.0 |  | $ | 1.6 |
The following table summarizes our restructuring charges, net by program, cost type and segment for the six months ended June 30, 2020 and 2019:
| Six months ended June 30, 2020 |  | Six months ended June 30, 2019
(in millions) | Severance | Other | Total |  | Severance | Other | Total
Fluid Handling | $ | 4.7 |  | $ | — |  | $ | 4.7 |  |  | $ | — |  | $ | — |  | $ | — |
Payment & Merchandising Technologies | 13.8 |  | 1.0 |  | 14.8 |  |  | — |  | — |  | — |
Aerospace & Electronics | 4.7 |  | — |  | 4.7 |  |  | — |  | — |  | — |
Engineered Materials | 0.6 |  | — |  | 0.6 |  |  | — |  | — |  | — |
2020 Repositioning | $ | 23.8 |  | $ | 1.0 |  | $ | 24.8 |  |  | $ | — |  | $ | — |  | $ | — |
Fluid Handling | $ | — |  | $ | — |  | $ | — |  |  | $ | 0.8 |  | $ | — |  | $ | 0.8 |
Payment & Merchandising Technologies 1 | (1.0 | ) | (1.5 | ) | (2.5 | ) |  | 0.2 |  | 0.8 |  | 1.0 |
Aerospace & Electronics | — |  | — |  | — |  |  | — |  | (0.1 | ) | (0.1 | )
2017 Repositioning | $ | (1.0 | ) | $ | (1.5 | ) | $ | (2.5 | ) |  | $ | 1.0 |  | $ | 0.7 |  | $ | 1.7 |
Payment & Merchandising Technologies | $ | — |  | $ | — |  | $ | — |  |  | $ | 0.4 |  | $ | 2.4 |  | $ | 2.8 |
Acquisition-Related Restructuring | $ | — |  | $ | — |  | $ | — |  |  | $ | 0.4 |  | $ | 2.4 |  | $ | 2.8 |
Payment & Merchandising Technologies | $ | 0.3 |  | $ | — |  | $ | 0.3 |  |  | $ | — |  | $ | — |  | $ | — |
Other Restructuring | $ | 0.3 |  | $ | — |  | $ | 0.3 |  |  | $ | — |  | $ | — |  | $ | — |
Total | $ | 23.1 |  | $ | (0.5 | ) | $ | 22.6 |  |  | $ | 1.4 |  | $ | 3.1 |  | $ | 4.5 |
1 We recorded a pre-tax gain of $1.5 million related to the sale of a facility in the first six months of 2020. The following table summarizes the cumulative restructuring costs incurred through June 30, 2020 and the remaining facility consolidation costs expected to complete these actions as of June 30, 2020:
| Cumulative Restructuring Costs |  | Remaining Costs
(in millions) | Severance | Other | Total |  | 2020 | 2021 | Total
Fluid Handling | $ | 4.7 |  | $ | — |  | $ | 4.7 |  |  | $ | — |  | $ | — |  | $ | — |
Payment & Merchandising Technologies | 13.8 |  | 1.0 |  | 14.8 |  |  | — |  | — |  | — |
Aerospace & Electronics | 4.7 |  | — |  | 4.7 |  |  | — |  | — |  | — |
Engineered Materials | 0.6 |  | — |  | 0.6 |  |  | — |  | — |  | — |
2020 Repositioning | $ | 23.8 |  | $ | 1.0 |  | $ | 24.8 |  |  | $ | — |  | $ | — |  | $ | — |
Fluid Handling | $ | 9.9 |  | $ | — |  | $ | 9.9 |  |  | $ | 4.5 |  | $ | 4.2 |  | $ | 8.7 |
2019 Repositioning | $ | 9.9 |  | $ | — |  | $ | 9.9 |  |  | $ | 4.5 |  | $ | 4.2 |  | $ | 8.7 |
Fluid Handling | $ | 17.3 |  | $ | — |  | $ | 17.3 |  |  | $ | 0.8 |  | $ | — |  | $ | 0.8 |
Payment & Merchandising Technologies | 11.6 |  | 0.7 |  | 12.3 |  |  | — |  | — |  | — |
Aerospace & Electronics | 1.3 |  | (1.4 | ) | (0.1 | ) |  | — |  | — |  | — |
2017 Repositioning | $ | 30.2 |  | $ | (0.7 | ) | $ | 29.5 |  |  | $ | 0.8 |  | $ | — |  | $ | 0.8 |
Restructuring charges, net by segment are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2020 |  | 2019 |  | 2020 |  | 2019
Fluid Handling 1 | $ | 4.7 |  |  | $ | 0.2 |  |  | $ | 4.7 |  |  | $ | 0.8 |
Payment & Merchandising Technologies 2 | 13.8 |  |  | 1.4 |  |  | 12.6 |  |  | 3.8 |
Aerospace & Electronics 3 | 4.7 |  |  | — |  |  | 4.7 |  |  | (0.1 | )
Engineered Materials | 0.6 |  |  | — |  |  | 0.6 |  |  | — |
Total restructuring charges, net 4 | $ | 23.8 |  |  | $ | 1.6 |  |  | $ | 22.6 |  |  | $ | 4.5 |
1 We also recorded related costs of $0.5 million and $2.3 million for the three months ended June 30, 2020 and 2019, respectively, and $1.9 million and $3.9 million for the six months ended June 30, 2020 and 2019, respectively. These costs are recorded within Cost of sales and Selling, general and administrative. 2 We also recorded related costs of $0.8 million for the three months ended June 30, 2020 and 2019, and $0.7 million and $1.0 million for the six months ended June 30, 2020 and 2019, respectively. These costs are recorded within Cost of sales and Selling, general and administrative. 3 We also recorded related costs of $1.7 million and $2.1 million for the three and six months ended June 30, 2019, respectively. These costs are recorded within Cost of sales and Selling, general and administrative. 4 We also recorded related costs of $1.3 million and $4.8 million for the three months ended June 30, 2020 and 2019, respectively, and $2.6 million and $7.2 million for the six months ended June 30, 2020 and 2019, respectively. These costs are recorded within Cost of sales and Selling, general and administrative.

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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 http://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 http://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 http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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