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Cost-Reduction Actions | 9 Months Ended
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Sep. 30, 2020
Restructuring and Related Activities [Abstract] |
Cost-Reduction Actions | Cost-Reduction Actions During the three months ended September 30, 2020, the company recognized cost-reduction charges and other costs of $13.2 million. The charges (credits) related to work-force reductions were $0.7 million, principally related to severance costs, and were comprised of: (a) a charge of $2.7 million and (b) a credit of $(2.0) million for changes in estimates. In addition, the company recorded a credit of $(0.6) million for net foreign currency gains related to exiting foreign countries, a charge of $7.5 million for asset impairments and $5.6 million of other expenses. The charges (credits) were recorded in the following statement of income classifications: cost of revenue - services, $2.9 million; selling, general and administrative expenses, $10.8 million; research and development expenses, $0.1 million; and other expense, net, $(0.6) million. During the three months ended September 30, 2019, the company recognized cost-reduction charges and other costs of $0.2 million. Charges (credits) were comprised of $0.7 million for lease abandonment costs and $(0.5) million for changes in estimates principally related to work-force reductions. The charges (credits) were recorded in the following statement of income classifications: cost of revenue - services, $(1.9) million and selling, general and administrative expenses, $2.1 million. During the nine months ended September 30, 2020, the company recognized cost-reduction charges and other costs of $48.6 million. The charges related to work-force reductions were $6.2 million, principally related to severance costs, and were comprised of: (a) a charge of $14.0 million and (b) a credit of $(7.8) million for changes in estimates. In addition, the company recorded charges of $17.8 million for net foreign currency losses related to exiting foreign countries, $19.0 million for asset impairments and $5.6 million of other expenses. The charges were recorded in the following statement of income classifications: cost of revenue - services, $15.7 million; selling, general and administrative expenses, $14.8 million; research and development expenses, $0.3 million; and other expense, net, $17.8 million. During the nine months ended September 30, 2019, the company recognized cost-reduction charges and other costs of $5.4 million. Charges were comprised of $5.0 million for lease abandonment costs and asset write-offs and $0.4 million for changes in estimates principally related to work-force reductions. The charges were recorded in the following statement of income classifications: cost of revenue - services, $(6.6) million; selling, general and administrative expenses, $10.7 million; and research and development expenses, $1.3 million. Liabilities and expected future payments related to the company’s work-force reduction actions are as follows:
|  | Total |  | U.S. |  | International
Balance at December 31, 2019 |  | $ | 49.8 |  |  | $ | 5.2 |  |  | $ | 44.6 |
Additional provisions |  | 14.0 |  |  | 4.0 |  |  | 10.0 |
Payments |  | (17.7) |  |  | (2.3) |  |  | (15.4) |
Changes in estimates |  | (7.8) |  |  | — |  |  | (7.8) |
Translation adjustments |  | 0.7 |  |  | — |  |  | 0.7 |
Balance at September 30, 2020 |  | $ | 39.0 |  |  | $ | 6.9 |  |  | $ | 32.1 |
Expected future utilization on balance at September 30, 2020: |  |  |  |  |  |
2020 remaining three months |  | $ | 9.1 |  |  | $ | 5.6 |  |  | $ | 3.5 |
Beyond 2020 |  | $ | 29.9 |  |  | $ | 1.3 |  |  | $ | 28.6 |

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- References No definition available. + Details
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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 + Details
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