CW 2020 Annual Report

Contract Terminations and Other Costs

Severance Pay and Benefits

Total

Balance as of December 31, 2019

$

1.2 $

— $

1.2

Restructuring Charges: Americas

19.8 16.3

11.0

30.8 16.3

EMEA APAC

— —

5.6

5.6

Total Restructuring Charges

41.7

11.0

52.7

Payments and Other: Americas

(16.0) (11.7)

(10.2)

(26.2) (11.7)

EMEA APAC

— —

(5.2)

(5.2)

Total Payments and Other

(32.9)

(10.2)

(43.1)

$

10.0 $

0.8 $

10.8

Balance as of December 31, 2020

As of December 31, 2020 and December 31, 2019, $8.3 million and $1.2 million were recorded as Other current liabilities, respectively, and as of December 31, 2020, $2.5 million was recorded as Other non-current liabilities within the Consolidated Balance Sheet. The Company expects to incur $25.0 million to $35.0 million of incremental charges in 2021 related to expanding its previously announced operating efficiency initiatives. The majority of these incremental charges are expected to be incurred in 2021.

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