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Restructuring and Other Costs | 9 Months Ended
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Sep. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Other Costs | Restructuring and Other Costs In February 2024, we approved and initiated a global restructuring initiative designed to better align our assets and further improve the efficiency of the business. This initiative included an announced voluntary retirement offer in the U.S. in 2024, along with a rationalization and optimization of certain distribution centers, stores and other facilities. The initiative was approved and funded by our corporate office and therefore these costs are not allocated to our segments. For the nine months ended September 30, 2025, we incurred $167 million in restructuring and other costs, compared to $161 million in the prior year period. We expect to incur total costs up to $210 million related to the global restructuring efforts in 2025 and to substantially complete the initiative by the end of 2025. In total, we expect to incur costs of between $400 million and $430 million related to our global restructuring initiative in 2024 and 2025. We may incur additional charges not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of these initiatives. The tables below summarize the activity related to the restructuring costs discussed above.
(in thousands) |  | Severance and other employee costs |  | Other restructuring costs (1) |  | Total
Liability as of January 1, 2025 |  | $ | 23,830 |  |  | $ | 926 |  |  | $ | 24,756 |
Restructuring and other costs |  | 48,628 |  |  | 118,689 |  |  | 167,317 |
Cash payments |  | (46,559) |  |  | (103,435) |  |  | (149,994) |
Non-cash charges |  | — |  |  | (14,458) |  |  | (14,458) |
Translation |  | 1,846 |  |  | 41 |  |  | 1,887 |
Liability as of September 30, 2025 |  | $ | 27,745 |  |  | $ | 1,763 |  |  | $ | 29,508 |
(in thousands) |  | Severance and other employee costs |  | Other restructuring costs (1) |  | Total
Liability as of January 1, 2024 |  | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring and other costs |  | 77,157 |  |  | 76,668 |  |  | 153,825 |
Cash payments |  | (55,832) |  |  | (59,715) |  |  | (115,547) |
Non-cash charges |  | 3,198 |  |  | (15,619) |  |  | (12,421) |
Translation |  | 501 |  |  | 2 |  |  | 503 |
Liability as of September 30, 2024 |  | $ | 25,024 |  |  | $ | 1,336 |  |  | $ | 26,360 |
(1) Amount reflects professional fees, accelerated rent, facility closure costs, moving expenses and asset impairment costs that are attributable to our restructuring. The 2024 amount excludes a $7 million non-cash charge reflected in cost of goods sold for inventory liquidated rather than moved during facility consolidation in connection with the restructuring.

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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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