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Cost-Reduction Actions | 9 Months Ended
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Sep. 30, 2022
Restructuring and Related Activities [Abstract] |
Cost-Reduction Actions | Cost-Reduction Actions During the three months ended September 30, 2022, the company recognized cost-reduction charges and other costs of $8.1 million. The charges related to work-force reductions were $0.5 million for changes in estimates. In addition, the company recorded charges of $7.6 million comprised of $1.9 million for net foreign currency losses related to exiting foreign countries, $4.7 million for asset impairments and $1.0 million for other expenses related to cost-reduction efforts. During the three months ended September 30, 2021, the company recognized net cost-reduction charges and other costs of $0.8 million. The net credits related to work-force reductions were $0.6 million, principally related to severance costs, and were comprised of: (a) a charge of $0.7 million and (b) a credit of $1.3 million for changes in estimates. In addition, the company recorded net charges of $1.4 million comprised of a charge of $1.3 million for net foreign currency losses related to exiting foreign countries, a charge of $0.5 million for asset impairments and a credit of $0.4 million related to other cost-reduction efforts. During the nine months ended September 30, 2022, the company recognized net cost-reduction charges and other costs of $14.2 million. The credit related to work-force reductions was $0.4 million for changes in estimates. In addition, the company recorded charges of $14.6 million comprised of $4.8 million for net foreign currency losses related to exiting foreign countries, $9.4 million for asset impairments and a net charge of $0.4 million for other expenses related to cost-reduction efforts. During the nine months ended September 30, 2021, the company recognized net cost-reduction charges and other costs of $14.4 million. The net credits related to work-force reductions were $2.5 million, principally related to severance costs, and were comprised of: (a) a charge of $6.5 million and (b) a credit of $9.0 million for changes in estimates. In addition, the company recorded charges of $16.9 million comprised of $2.9 million for net foreign currency losses related to exiting foreign countries, $7.3 million for asset impairments and $6.7 million for other expenses related to cost-reduction efforts. The charges (credits) were recorded in the following statement of income (loss) classifications:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Cost of revenue |  | $ | 3.9 |  |  | $ | (0.2) |  |  | $ | 7.4 |  |  | $ | 0.9 |
Selling, general and administrative |  | 2.4 |  |  | (0.1) |  |  | 2.2 |  |  | 8.7 |
Research and development |  | (0.1) |  |  | (0.2) |  |  | (0.2) |  |  | 1.9 |
Other (expense), net |  | 1.9 |  |  | 1.3 |  |  | 4.8 |  |  | 2.9 |
Total |  | $ | 8.1 |  |  | $ | 0.8 |  |  | $ | 14.2 |  |  | $ | 14.4 |
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, 2021 |  | $ | 16.3 |  |  | $ | 5.7 |  |  | $ | 10.6 |
Payments |  | (8.6) |  |  | (3.4) |  |  | (5.2) |
Changes in estimates |  | (0.4) |  |  | (1.0) |  |  | 0.6 |
Translation adjustments |  | (1.0) |  |  | — |  |  | (1.0) |
Balance at September 30, 2022 |  | $ | 6.3 |  |  | $ | 1.3 |  |  | $ | 5.0 |
Expected future utilization on balance at September 30, 2022: |  |  |  |  |  |
Short-term |  | $ | 6.3 |  |  | $ | 1.3 |  |  | $ | 5.0 |

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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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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