XML 68 R17.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Restructuring and Acquisition Charges
6 Months Ended
Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Activities Disclosure [Text Block] RESTRUCTURING AND ACQUISITION CHARGES
Restructuring and acquisition charges include cash and non-cash expenses. Cash-based charges primarily consist of (i) severance and employment-related charges, including those related to external service providers, incurred in conjunction with a structural business shift, which can be represented by a notable change in headcount, change in leadership, or transformation of business processes, (ii) acquisition, transaction and integration-related charges and (iii) other restructuring including lease exit charges. Non-cash charges include (i) stock-based compensation expense for retention awards issued in conjunction with prior-period acquisitions and (ii) fair value adjustments to earn-out liabilities relating to prior-period acquisition activity. Restructuring and acquisition charges are presented in the table below.
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2024202320242023
Severance and other employment-related charges$7.2 5.8 $11.7 31.5 
Restructuring, pre-acquisition and post-acquisition charges6.1 5.1 13.5 13.3 
Stock-based compensation expense for post-acquisition retention awards0.3 1.5 0.6 3.3 
Fair value adjustments to earn-out liabilities(2.1)(0.6)(12.6)(0.6)
Restructuring and acquisition charges$11.5 11.8 $13.2 47.5 
We expect nearly all expenses related to (i) severance and other employment-related charges and (ii) restructuring, pre-acquisition and post-acquisition charges as of June 30, 2024 will be paid during the next twelve months.