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v3.23.1

Restructuring and Impairment (Tables) | 3 Months Ended
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Mar. 31, 2023
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | The following table summarizes the pre-tax charges by activity and program during the periods indicated:
|  | Three Months Ended March 31,
|  | 2023 |  | 2022
Severance and Related Benefit Costs: |  |  |  |
One Clarivate Program |  | $ | — |  |  | $ | 5.7 |
ProQuest Acquisition Integration Program |  | 9.3 |  |  | 4.2 |
Other Restructuring Programs |  | — |  |  | 0.4 |
Total Severance and Related Benefit Costs |  | $ | 9.3 |  |  | $ | 10.3 |
Exit and Disposal Costs: |  |  |  |
ProQuest Acquisition Integration Program |  | $ | 0.1 |  |  | $ | 1.8 |
Other Restructuring Programs |  | — |  |  | (0.1) |
Total Exit and Disposal Costs |  | $ | 0.1 |  |  | $ | 1.7 |
Lease Abandonment Costs: |  |  |  |
Other Restructuring Programs |  | — |  |  | (0.3) |
Total Lease Abandonment Costs |  | $ | — |  |  | $ | (0.3) |
Total Restructuring and Impairment Costs |  | $ | 9.4 |  |  | $ | 11.7 |
The following table summarizes the pre-tax charges by program and segment during the periods indicated:
|  | Three Months Ended March 31,
|  | 2023 |  | 2022
Academia and Government: |  |  |  |
One Clarivate Program |  | $ | — |  |  | $ | 2.9 |
ProQuest Acquisition Integration Program |  | 5.1 |  |  | 3.2 |
Other Restructuring Programs |  | — |  |  | (0.2) |
Total Academia and Government |  | $ | 5.1 |  |  | $ | 5.9 |
Intellectual Property: |  |  |  |
One Clarivate Program |  | $ | — |  |  | $ | 2.0 |
ProQuest Acquisition Integration Program |  | 2.7 |  |  | 1.9 |
Other Restructuring Programs |  | — |  |  | 0.2 |
Total Intellectual Property |  | $ | 2.7 |  |  | $ | 4.1 |
Life Sciences and Healthcare: |  |  |  |
One Clarivate Program |  | $ | — |  |  | $ | 0.8 |
ProQuest Acquisition Integration Program |  | 1.6 |  |  | 0.9 |
Total Life Sciences and Healthcare |  | $ | 1.6 |  |  | $ | 1.7 |
Total, Restructuring and impairment expense |  | $ | 9.4 |  |  | $ | 11.7 |
The following table summarizes the activity relating to the restructuring reserves across each of Clarivate's cost-saving programs during the periods indicated:
|  | Severance and Related Benefit Costs |  | Exit, Disposal and Abandonment Costs |  | Total |
Reserve Balance as of December 31, 2022 |  | $ | 11.5 |  |  | $ | 0.1 |  |  | $ | 11.6 |  |
Expenses recorded |  | 9.3 |  |  | 0.1 |  |  | 9.4 |  |
Payments made |  | (12.8) |  |  | (0.1) |  |  | (12.9) |  |
Noncash items |  | (0.5) |  |  | — |  |  | (0.5) |  |
Reserve Balance as of March 31, 2023 |  | $ | 7.5 |  |  | $ | 0.1 |  |  | $ | 7.6 |  |
Reserve Balance as of December 31, 2021 |  | $ | 28.3 |  |  | $ | 0.7 |  |  | $ | 29.0 |  |
Expenses recorded |  | 10.3 |  |  | 1.4 |  |  | 11.7 |  |
Payments made |  | (23.7) |  |  | (0.5) |  |  | (24.2) |  |
Noncash items |  | (0.1) |  |  | 0.5 |  |  | 0.4 |  |
Reserve Balance as of March 31, 2022 |  | $ | 14.8 |  |  | $ | 2.1 |  |  | $ | 16.9 |  |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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