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Restructuring

6 Months Ended

Jun. 30, 2019

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

During the Second Quarter of 2019 and the year ended December 31, 2018, we initiated and continued execution of certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. Initiatives during the Second Quarter of 2019 were predominantly in relation to the closure of the Gas Cylinders segment's French site and the decision to significantly reduce operations at one of Luxfer Magtech's U.S. sites within the Elektron segment. There is an expectation that further costs will be incurred during 2019.

Restructuring-related costs included within Restructuring charges in the Condensed Consolidated Financial Statements by reportable segment were as follows:

			Second Quarter								Year-to-date
	In millions		2019				2018				2019				2018
	Severance and related costs
	Gas Cylinders		$	7.7			$	(0.1	)		$	16.6			$	0.1
	Elektron		—				0.4				0.1				0.9
			7.7				0.3				16.7				1.0
	Asset impairments
	Gas Cylinders		0.6				—				0.6				—
	Elektron		4.4				—				4.4				—
			5.0				—				5.0				—
	Total restructuring charges		12.7				0.3				21.7				1.0

Activity related to restructuring, recorded in Other current liabilities in the consolidated balance sheets is summarized as follows:

	In millions	2019
	Balance at January 1,	$	5.2
	Costs incurred	14.2
	Cash payments	(12.9		)
	Balance at June 30,	$	6.5

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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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