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Restructuring and Other Charges (Income) (Tables)
 9 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Other Charges (Income)
Our restructuring and other charges (income) are comprised of restructuring, asset disposals and other charges (income) as noted below.
 Three Months Ended September 30,Nine Months Ended September 30,
(in Millions)2024202320242023
Restructuring charges$15.7 $2.9 $133.2 $2.9 
Other charges (income), net6.9 25.3 25.4 45.1 
Total restructuring and other charges (income)$22.6 $28.2 $158.6 $48.0 
Schedule of Restructuring Charges and Asset Disposals
Restructuring Charges
(in Millions)
Severance and Employee Benefits
Other Charges (Income) (1)
Asset Disposal Charges (Income) (2)
Total
Project Focus$7.0 $5.4 $6.2 $18.6 
Other items— (2.9)— (2.9)
Three Months Ended September 30, 2024$7.0 $2.5 $6.2 $15.7 
Other items2.5 0.4 — 2.9 
Three Months Ended September 30, 2023$2.5 $0.4 $— $2.9 
Project Focus$44.5 $24.1 $67.7 $136.3 
Other items— (3.1)— (3.1)
Nine Months Ended September 30, 2024$44.5 $21.0 $67.7 $133.2 
DuPont Crop restructuring$— $(8.1)$2.8 $(5.3)
Other items6.8 1.4 — 8.2 
Nine Months Ended September 30, 2023$6.8 $(6.7)$2.8 $2.9 
____________________ 
(1)Primarily represents other charges associated with restructuring activities, including third-party costs. Other income, if applicable, primarily represents favorable developments on previously recorded exit costs and recoveries associated with restructuring. The three and nine months ended September 30, 2024 includes a $3.1 million gain recognized on the disposition of a previously closed manufacturing site.
(2)Primarily represents asset write-offs (recoveries) and accelerated depreciation on long-lived assets, which were or are to be abandoned. To the extent incurred, the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations due to facility shutdowns, are also included within the asset disposal charges.
Schedule of Restructuring Reserve Rollforward
The following table shows a roll forward of restructuring reserves, that will result in cash spending. These amounts exclude accelerated depreciation on fixed assets, asset impairment charges and asset retirement obligations.
(in Millions)
Balance at
December 31, 2023 (6)
Change in
reserves (4)
Cash
payments
Other (5)
Balance at
September 30, 2024 (6)
Project Focus (1)
$43.1 $59.7 $(89.9)$(0.1)$12.8 
DuPont Crop restructuring (2)
3.9 — (0.7)— 3.2 
Other workforce related and facility shutdowns (3)
3.4 0.1 (1.4)(0.4)1.7 
Total$50.4 $59.8 $(92.0)$(0.5)$17.7 
____________________ 
(1)Relates to the global restructuring plan initiated in 2023 and primarily consists of severance charges related to workforce reduction actions across all regions.
(2)Represents remaining cash spending on facility separation costs associated with DuPont Crop restructuring activities.
(3)Includes exit costs related to workforce reductions and facility shutdowns on previously implemented restructuring initiatives.
(4)Primarily consists of severance and employee separation costs as well as third-party provider fees. The accelerated depreciation and asset impairment charges associated with these restructurings that have impacted our property, plant and equipment, intangible balances or other asset balances are not included in this table.
(5)Primarily comprised of foreign currency translation and other non-cash adjustments.
(6)Included in "Accrued and other liabilities" and "Other long-term liabilities" on the consolidated balance sheets.
Schedule of Other Charges (Income), Net
Other charges (income), net
 Three Months Ended September 30,Nine Months Ended September 30,
(in Millions)2024202320242023
Environmental charges, net$4.8 $4.5 $13.8 $14.3 
Currency related matters— 4.9 — 11.8 
IPR&D asset acquisition charge— 11.9 — 11.9 
Other items, net2.1 4.0 11.6 7.1 
Other charges (income), net$6.9 $25.3 $25.4 $45.1