RESTRUCTURING AND RELATED CHARGES AND ASSET IMPAIRMENT CHARGES

We are implementing restructuring actions to streamline the Company's cost structure. These initiatives are expected to improve the alignment of our cost structure with the current operating environment through headcount reductions, as well as rationalization and consolidation of certain manufacturing facilities. These restructuring actions are expected to be completed by December 31, 2018 and are anticipated to be mostly cash expenditures.

The total pre-tax charges for these programs are expected to be in the range of $165 million to $195 million, which is expected to be approximately 60 percent Industrial, 5 percent Widia, 30 percent Infrastructure and 5 percent Corporate. Total restructuring and related charges since inception of $147.7 million have been recorded for these programs through June 30, 2017: $80.5 million in Industrial, $12.9 million in Widia, $47.0 million in Infrastructure and $7.3 million in Corporate.

During 2017, we recognized total restructuring and related charges of $76.2 million. Of this amount, restructuring charges totaled $65.6 million, of which $0.6 million were charges related to inventory and were recorded in cost of goods sold. Restructuring-related charges of $7.1 million were recorded in cost of goods sold and $3.5 million in operating expense during 2017.

During 2016, we recognized total restructuring and related charges of $53.5 million. Of this amount, restructuring charges totaled $30.0 million. Restructuring-related charges of $7.3 million were recorded in cost of goods sold and $16.2 million in operating expense during 2016.

During 2015, we recognized total restructuring and related charges of $58.1 million. Of this amount, restructuring charges totaled $42.1 million, of which $1.5 million were charges related to inventory and were recorded in cost of goods sold. Restructuring-related charges of $8.2 million were recorded in cost of goods sold and $7.8 million in operating expense during 2015.

As of June 30, 2017, property, plant, and equipment of $7.0 million for certain closed manufacturing locations that are part of our restructuring programs met held for sale criteria. We expect to sell these assets within one year from the balance sheet date. These assets are recorded at the lower of carrying amount or fair value less cost to sell. We have also ceased depreciation for these assets.

As of June 30, 2017, $27.3 million and $2.5 million of the restructuring accrual is recorded in other current liabilities and other liabilities, respectively, in our condensed consolidated balance sheet. The restructuring accrual of $15.7 million and $20.8 million as of June 30, 2016 and 2015, respectively, is recorded in other current liabilities. The amount attributable to each segment is as follows:



(in thousands)	June 30, 2016		Expense		Asset Write-Down			Translation			Cash Expenditures			June 30, 2017
Industrial
Severance	$	8,180	$	39,214	$	—		$	229		$	(29,984	)	$	17,639
Facilities	—		237		(237		)	—			—			—
Other	809		162		—			(8		)	(869		)	94
Total Industrial	8,989		39,613		(237		)	221			(30,853		)	17,733

Widia
Severance	909		6,325		—			37			(4,837		)	2,434
Facilities	—		10		(10		)	—			—			—
Other	90		26		—			(1		)	(115		)	—
Total Widia	999		6,361		(10		)	36			(4,952		)	2,434

Infrastructure
Severance	5,301		17,710		—			103			(13,541		)	9,573
Facilities	33		1,849		(1,849		)	—			(12		)	21
Other	381		73		—			(4		)	(405		)	45
Total Infrastructure	5,715		19,632		(1,849		)	99			(13,958		)	9,639
Total	$	15,703	$	65,606	$	(2,096	)	$	356		$	(49,763	)	$	29,806



(in thousands)	June 30, 2015		Expense		Asset Write-Down			Other ⁽⁴⁾			Translation			Cash Expenditures			June 30, 2016
Industrial
Severance	$	12,110	$	15,590	$	—		$	(312	)	$	(126	)	$	(19,082	)	$	8,180
Facilities	—		297		(702		)	—			—			405			—
Other	25		267		—			—			(4		)	521			809
Total Industrial	12,135		16,154		(702		)	(312		)	(130		)	(18,156		)	8,989

Widia
Severance	1,346		1,732		—			(35		)	(14		)	(2,120		)	909
Facilities	—		33		(78		)	—			—			45			—
Other	3		30		—			—			(1		)	58			90
Total Widia	1,349		1,795		(78		)	(35		)	(15		)	(2,017		)	999

Infrastructure
Severance	7,173		7,424		—			(201		)	(60		)	(9,035		)	5,301
Facilities	131		4,515		(3,914		)	—			—			(699		)	33
Other	—		127		—			—			(2		)	256			381
Total Infrastructure	7,304		12,066		(3,914		)	(201		)	(62		)	(9,478		)	5,715
Total	$	20,788	$	30,015	$	(4,694	)	$	(548	)	$	(207	)	$	(29,651	)	$	15,703

⁽⁴⁾ Special termination benefit charge and settlement charge for one of our U.S.-based benefit pension plans resulting from executive retirement - see Note 13.

Asset impairment Charges

See discussion on goodwill and other intangible asset impairment charges in Note 2.

During 2016, we identified specific machinery and equipment that was no longer being utilized in the manufacturing organization of which we disposed by abandonment. As a result of this review, we recorded property, plant, and equipment impairment charges of $5.4 million during 2016, which has been presented in restructuring and asset impairment charges in our consolidated statement of income.