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Restructuring
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring

Note 12 — Restructuring

 

We recognized restructuring charges of $24.2 million for both the quarter and six months ended June 30, 2025, respectively, primarily related to severance for the closure of our Welkenraedt facility in Belgium. Anticipated future cash payments as of June 30, 2025 were $25.3 million.

 

 

 

 

 

Activity for the Quarter Ended June 30, 2025

 

 

 

 

 

March 31,

 

 

Restructuring

 

 

 

 

 

Cash

 

 

 

 

 

June 30,

 

(In Millions)

2025

 

 

Charge

 

 

FX Impact

 

 

Paid

 

 

Non-Cash

 

 

2025

 

Employee termination

$

1.2

 

 

$

17.6

 

 

$

 

 

$

(0.1

)

 

$

 

 

$

18.7

 

Impairment and other

 

 

 

 

6.6

 

 

 

 

 

 

 

 

 

 

 

 

6.6

 

Total

$

1.2

 

 

$

24.2

 

 

$

 

 

$

(0.1

)

 

$

 

 

$

25.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity for the Six Months Ended June 30, 2025

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

 

 

 

Cash

 

 

 

 

 

June 30,

 

(In Millions)

2024

 

 

Charge

 

 

FX Impact

 

 

Paid

 

 

Non-Cash

 

 

2025

 

Employee termination

$

1.5

 

 

$

17.6

 

 

$

 

 

$

(0.4

)

 

$

 

 

$

18.7

 

Impairment and other

 

 

 

 

6.6

 

 

 

 

 

 

 

 

 

 

 

 

6.6

 

Total

$

1.5

 

 

$

24.2

 

 

$

 

 

$

(0.4

)

 

$

 

 

$

25.3