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Other (Gains) Charges, Net (Tables)
9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Components of Other Charges within Total Operating Expenses, Net

The components of other charges included within total operating expenses, net are as follows (in millions):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Acquisition-related expenses, net (a)

 

$

2.7

 

 

$

6.1

 

 

$

10.0

 

 

$

25.5

 

Acquisition-related litigation charges

 

 

4.1

 

 

 

9.0

 

 

 

26.7

 

 

 

10.5

 

Acquisition-related hybrid liability adjustments (b)

 

 

(43.7

)

 

 

0.7

 

 

 

(42.0

)

 

 

2.9

 

Restructuring charges

 

 

14.3

 

 

 

3.1

 

 

 

24.8

 

 

 

7.8

 

Long-lived asset impairment charges

 

 

10.9

 

 

 

1.1

 

 

 

12.8

 

 

 

2.2

 

Information technology transformation costs (c)

 

 

3.6

 

 

 

2.2

 

 

 

9.4

 

 

 

4.9

 

Other

 

 

2.0

 

 

 

0.5

 

 

 

3.5

 

 

 

2.8

 

Other (gains) charges, net

 

$

(6.1

)

 

$

22.7

 

 

$

45.2

 

 

$

56.6

 

a)
Acquisition-related expenses relate primarily to transaction costs on potential and consummated acquisitions and integration costs of recently acquired entities.
b)
Hybrid liability remeasurement adjustments and stock-based compensation expense (benefit) related to the fair value changes of hybrid instruments. Refer to Note 19, Hybrid Instruments Liabilities for further information.
c)
The information technology (“IT”) transformation costs are related to an IT transformation initiative that is a multi-year project aimed at updating and integrating our global enterprise resource planning and human resource information systems.