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Restructuring Costs

3 Months Ended

Mar. 31, 2021

Restructuring And Related Activities [Abstract]

Restructuring Costs

(6) Restructuring Costs

We did not record any net restructuring costs during the three months ended March 31, 2021. We recorded net restructuring costs of $48.2 during the three months ended March 31, 2020, in selling and administrative expenses, primarily related to severances and office closures and consolidations in multiple countries and territories. During the three months ended March 31, 2021, we made payments of $13.8 out of our restructuring reserve that was created in 2020 and 2019. We expect a majority of the remaining $32.3 reserve will be paid by the end of 2021.       

Changes in the restructuring reserve by reportable segment and Corporate are shown below.

		Americas(1)				Southern Europe(2)				Northern Europe				APME				Corporate				Total
Balance, January 1, 2021		$	1.9			$	3.5			$	40.7			$	—			$	—			$	46.1
Costs paid or utilized			(0.5	)			(1.1	)			(12.2	)			—				—				(13.8	)
Balance, March 31, 2021		$	1.4			$	2.4			$	28.5			$	—			$	—			$	32.3

(1) Balances related to the United States were $1.4 and $0.9 as of December 31, 2020 and March 31, 2021, respectively.

(2) Balances related to France were $0.6 and $0.5 as of December 31, 2020 and March 31, 2021. Balances related to Italy were $1.4 and $1.1 as of December 31, 2020 and March 31, 2021, respectively.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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