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Restructuring (Tables)

3 Months Ended

Mar. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2023 Projects were as follows:

In thousands			Total Expected Costs at March 31, 2023						Costs Recognized in Prior Periods						Costs Recognized During the Three Months Ended March 31, 2023						Expected Remaining Costs to be Recognized at March 31, 2023
Employee severance costs			$	36,625					$	—					$	36,625					$	—
Asset impairments & net loss (gain) on sale or disposal			1,067						—						1,067						—
Other restructuring costs			6,503						—						321						6,182
Total			$	44,195					$	—					$	38,013					$	6,182

The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2021 Projects were as follows:

In thousands			Total Expected Costs at March 31, 2023						Costs Recognized in Prior Periods						Adjustments Recognized During the Three Months Ended March 31, 2023						Expected Remaining Costs to be Recognized at March 31, 2023
Employee severance costs			$	37,639					$	38,359					$	(720)					$	—
Asset impairments & net loss (gain) on sale or disposal			8,602						8,599						3						—
Other restructuring costs			5,470						3,084						(14)						2,400
Total			$	51,711					$	50,042					$	(731)					$	2,400

The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2020 Projects were as follows:

In thousands			Total Expected Costs at March 31, 2023						Costs Recognized in Prior Periods						Adjustments Recognized During the Three Months Ended March 31, 2023						Expected Remaining Costs to be Recognized at March 31, 2023
Employee severance costs			$	19,543					$	20,382					$	(839)					$	—
Asset impairments & net loss (gain) on sale or disposal			6,465						6,465						—						—
Other restructuring costs			7,982						7,341						166						475
Total			$	33,990					$	34,188					$	(673)					$	475

Restructuring and Related Costs

The following table summarizes the activity within the restructuring related balance sheet accounts for the 2023 Projects, the 2021 Projects, and the 2020 Projects during the three months ended March 31, 2023:

In thousands			Accrued Employee Severance						Asset Impairments & Net Loss (Gain) on Sale or Disposal						Other Accrued Costs						Total
Beginning balance, January 1, 2023			$	39,558					$	—					$	2,886					$	42,444
Costs charged to expense			35,066						1,070						473						36,609
Cash payments			(2,899)						(15)						(198)						(3,112)
Net assets disposed and impaired			—						(1,055)						—						(1,055)
Effect of change in exchange rates			797						—						15						812
Ending balance, March 31, 2023			$	72,522					$	—					$	3,176					$	75,698

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- References

No definition available.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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