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Subsequent Events
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
As the Russia-Ukraine war continues, our values as a company and the sanctions imposed on, and cross-sanctions imposed and announced by, the Russian Federation have led us to cease operations and business in Russia. This decision was made in mid-April when we concluded that it was not sustainable to continue operations. Net assets of our Russia legal entities as of March 31, 2022 totaled approximately $70 million. As a result of our cessation decision in April 2022, we could have a charge in the second quarter of 2022 as high as the value of these net assets. The net assets are comprised mostly of working capital as well as the value of a packaging and formulation facility. The exact amount of the charge will be determined over the coming months as we evaluate information on what will be left stranded in the abandoned business. These charges will be recorded as part of the Restructuring and other charges on the Condensed Consolidated Statements of Income.

Our Russia operations were approximately 1.5 percent of our revenues and the impact to our operations both historically and projected are not material.