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Restructuring and Impairment (Tables)

3 Months Ended

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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- References

No definition available.

+ Details

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X

- 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

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