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RESTRUCTURING AND OTHER CHARGES | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND OTHER CHARGES | . RESTRUCTURING AND OTHER CHARGES Restructuring and other charges represent amounts incurred in connection with the elimination of redundant positions and facilities within the organization in connection with cost saving initiatives, the spin-off of Fortrea, and acquisitions or dispositions of businesses by the Company. During 2024, the Company recorded net restructuring charges of $46.0. The charges were comprised of $43.0 in severance and other personnel costs and $5.9 in facility-related costs primarily associated with general integration activities. The charges were offset by the reversal of a previously established liability of $2.5 in unused severance and $0.4 in unused facility-related costs. During 2023, the Company recorded net restructuring charges of $49.1. The charges were comprised of $33.4 in severance and other personnel costs and $22.3 in facility-related costs primarily associated with general integration activities. The charges were offset by the reversal of a previously established liability of $1.7 in unused severance and $4.9 in unused facility-related costs. During 2022, the Company recorded net restructuring charges of $54.0. The charges were comprised of $24.8 in severance and other personnel costs and $31.1 in facility-related costs primarily associated with general integration activities. The charges were offset by the reversal of a previously established liability of $1.4 in unused severance and $0.5 in unused facility-related costs. The following represents the Company’s restructuring activities:
| Severance and Other Employee Costs |  | Lease and Other Facility Costs |  |  |  |  |  |  | Total
Liability balance at December 31, 2022 | $ | 2.1 |  |  | $ | 9.4 |  |  |  |  |  |  |  | $ | 11.5 |
Restructuring charges | 33.4 |  |  | 22.3 |  |  |  |  |  |  |  | 55.7 |
Reduction of prior restructuring accruals | (1.7) |  |  | (4.9) |  |  |  |  |  |  |  | (6.6) |
Cash payments and other adjustments | (26.2) |  |  | (13.8) |  |  |  |  |  |  |  | (40.0) |
Liability balance at December 31, 2023 | 7.6 |  |  | 13.0 |  |  |  |  |  |  |  | 20.6 |
Restructuring charges | 43.0 |  |  | 5.9 |  |  |  |  |  |  |  | 48.9 |
Reduction of prior restructuring accruals | (2.5) |  |  | (0.4) |  |  |  |  |  |  |  | (2.9) |
Cash payments and other adjustments | (39.7) |  |  | (5.6) |  |  |  |  |  |  |  | (45.3) |
Liability balance at December 31, 2024 | $ | 8.4 |  |  | $ | 12.9 |  |  |  |  |  |  |  | $ | 21.3 |
Liability balance classified as current |  |  |  |  |  |  |  |  |  | $ | 10.9 |
Liability balance classified as non-current |  |  |  |  |  |  |  |  |  | 10.4 |
Total liability balance as of December 31, 2024 |  |  |  |  |  |  |  |  |  | $ | 21.3 |
The non-current portion of the restructuring liability balance is expected to be paid out over 8.7 years.

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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