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Restructuring and Other Items, net | 9 Months Ended
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Oct. 03, 2021
Restructuring and Other Items, net [Abstract] |
Restructuring and Other Items, net | Note 5. Restructuring and Other Items, net In the third quarter of 2021, PCA Corporation discontinued the use of PCC at their mill in Jackson, Alabama. As a result, the Company recorded a non-cash asset write-down of $0.7 million and $0.4 million in severance related and other closure costs for its Paper PCC satellite facility at this mill. In the third quarter of 2020, Domtar Corporation announced that they will permanently shut down their previously idled paper machine at their mill in Ashdown, Arkansas. As a result, the Company recorded a non-cash asset write-down of $1.1 million for its Paper PCC satellite facility at this mill. In the second quarter of 2020, Verso Papers announced they would be idling two of their paper mills indefinitely. As a result, the Company recorded a non-cash write-down of assets charge of $6.0 million and $0.3 million in severance related costs for its Paper PCC satellite facilities at these mills. The Company also recorded lease termination costs at one of the closed mills. The following table sets forth the amount of restructuring charges recorded within the Consolidated Statements of Income and the segments they relate to for the three and nine-months ending October 3, 2021 and September 27, 2020.
|  | Three Months Ended |  |  | Nine Months Ended |
(millions of dollars) |  | Oct. 3, 2021 |  |  | Sep. 27, 2020 |  |  | Oct. 3, 2021 |  |  | Sep. 27, 2020 |
Asset Write-Downs |  |  |  |  |  |  |  |  |  |  |  |
Specialty Minerals |  | $ | 0.7 |  |  | $ | 1.1 |  |  | $ | 0.7 |  |  | $ | 7.1 |
Total charge for asset write-down |  | $ | 0.7 |  |  | $ | 1.1 |  |  | $ | 0.7 |  |  | $ | 7.1 |
Severance and other related costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Specialty Minerals |  | $ | 0.4 |  |  | $ | 0.3 |  |  | $ | 0.4 |  |  | $ | 0.6 |
Total severance and other related costs |  | $ | 0.4 |  |  | $ | 0.3 |  |  | $ | 0.4 |  |  | $ | 0.6 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.3 |
Total restructuring and other items, net |  | $ | 1.1 |  |  | $ | 1.5 |  |  | $ | 1.1 |  |  | $ | 8.0 |
At October 3, 2021, the Company had $2.4 million included within accrued liabilities in the Condensed Consolidated Balance Sheet for cash expenditures needed to satisfy remaining obligations under workforce reduction initiatives. The Company expects to pay these amounts by the end of 2021. The following table is a reconciliation of our restructuring liability balance as of October 3, 2021:
(millions of dollars) |  |  |
Restructuring liability, December 31, 2020 |  | $ | $ 3.6 |
Additional provision |  |  | 0.1 |
Cash payments |  |  | (1.3 | )
Restructuring liability, October 3, 2021 |  | $ | $ 2.4 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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