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Other Charges, Net | 6 Months Ended
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Jun. 30, 2023
Restructuring and Related Activities [Abstract] |
Other Charges, Net | 14. Other Charges, Net The components of other charges, net were as follows (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Information technology transformation costs |  | $ | 0.6 |  |  | $ | 1.5 |  |  | $ | 1.1 |  |  | $ | 2.5 |
Restructuring charges |  |  | 0.3 |  |  |  | 2.5 |  |  |  | 0.6 |  |  |  | 2.8 |
Acquisition-related expenses, net |  |  | 2.9 |  |  |  | 8.3 |  |  |  | 5.8 |  |  |  | 13.4 |
Other |  |  | 1.6 |  |  |  | 0.2 |  |  |  | 3.2 |  |  |  | 1.3 |
Other charges, net |  | $ | 5.4 |  |  | $ | 12.5 |  |  | $ | 10.7 |  |  | $ | 20.0 |
Restructuring Initiatives Restructuring charges include charges for various programs that were recorded in the accompanying unaudited condensed consolidated statements of income and comprehensive income. The following table sets forth the restructuring charges (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Cost of revenues |  | $ | 0.1 |  |  | $ | 1.3 |  |  | $ | 0.3 |  |  | $ | 1.4 |
Other charges, net |  |  | 0.3 |  |  |  | 2.5 |  |  |  | 0.6 |  |  |  | 2.8 |
Total |  | $ | 0.4 |  |  | $ | 3.8 |  |  | $ | 0.9 |  |  | $ | 4.2 |
The following table sets forth the changes in restructuring reserves (in millions):
|  | Total |  |  | Severance |  |  | Exit Costs |  |  | Provisions for Excess Inventory |
Balance at December 31, 2022 |  | $ | 1.8 |  |  | $ | 0.4 |  |  | $ | 0.2 |  |  | $ | 1.2 |
Restructuring charges |  |  | 0.9 |  |  |  | 0.9 |  |  |  | — |  |  |  | — |
Cash payments |  |  | (0.9 | ) |  |  | (0.7 | ) |  |  | (0.2 | ) |  |  | — |
Other, non-cash adjustments and foreign currency effect |  |  | (0.6 | ) |  |  | — |  |  |  | — |  |  |  | (0.6 | )
Balance at June 30, 2023 |  | $ | 1.2 |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | 0.6 |

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