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Restructuring Charges | 12 Months Ended
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Dec. 31, 2025
Restructuring and Related Activities [Abstract] |
Restructuring Charges | Restructuring Charges 2025 Plan During the third quarter of 2025, we approved a targeted restructuring plan which was not anticipated to be material. In October 2025, we finalized an additional organizational review, that together with the targeted restructuring plan, will comprise a worldwide restructuring plan (the "2025 Plan"). Under the 2025 Plan, we expect to eliminate 300-400 positions and incur total charges of $35 million-$45 million. We expect these actions will be completed by the first half of 2026 and will generate annualized savings of $35 million-$50 million. During 2025, we eliminated approximately 360 positions and incurred charges of $36 million. Additionally, in the fourth quarter of 2025, we made the decision to close our corporate office in Stamford, Connecticut effective December 31, 2025. As a result, we recorded an abandonment charge of $7 million. 2024 Plan We completed our 2024 Plan in the second quarter of 2025. Under this plan, we eliminated approximately 3,200 positions and incurred cumulative charges of $89 million. 2023 Plan We completed our 2023 Plan in the second quarter of 2024. Under this plan, we eliminated 1,049 positions and incurred cumulative charges of $69 million. Activity in our restructuring reserves was as follows:
| 2025 Plan |  | 2024 Plan |  | 2023 Plan |  | Total
Balance at December 31, 2023 | $ | — |  |  | $ | — |  |  | $ | 26,128 |  |  | $ | 26,128 |
Amounts charged to expense - continuing operations | — |  |  | 66,294 |  |  | 10,621 |  |  | 76,915 |
Amounts charged to expense - discontinued operations | — |  |  | 7,265 |  |  | — |  |  | 7,265 |
Cash payments | — |  |  | (50,150) |  |  | (35,874) |  |  | (86,024) |
Noncash activity | — |  |  | (245) |  |  | (875) |  |  | (1,120) |
Balance at December 31, 2024 | — |  |  | 23,164 |  |  | — |  |  | 23,164 |
Amounts charged to expense - continuing operations | 43,186 |  |  | 15,206 |  |  | — |  |  | 58,392 |
Cash payments | (6,157) |  |  | (35,181) |  |  | — |  |  | (41,338) |
Noncash activity | (6,989) |  |  | (1,396) |  |  | — |  |  | (8,385) |
Balance at December 31, 2025 | $ | 30,040 |  |  | $ | 1,793 |  |  | $ | — |  |  | $ | 31,833 |
Components of restructuring expense in discontinued operations primarily include severance charges. Components of restructuring expense in continuing operations were as follows:
| Year Ended December 31, 2025 |  |
| 2025 Plan |  | 2024 Plan |  | Total |  |  |  |  |  |
Severance | $ | 36,158 |  |  | $ | 13,810 |  |  | $ | 49,968 |  |  |  |  |  |  |
Facilities and other | 7,028 |  |  | 1,396 |  |  | 8,424 |  |  |  |  |  |  |
Total | $ | 43,186 |  |  | $ | 15,206 |  |  | $ | 58,392 |  |  |  |  |  |  |
| Year Ended December 31, 2024 |  |
| 2024 Plan |  | 2023 Plan |  | Total |  |  |  |  |  |
Severance | $ | 65,958 |  |  | $ | 9,398 |  |  | $ | 75,356 |  |  |  |  |  |  |
Facilities and other | 336 |  |  | 1,223 |  |  | 1,559 |  |  |  |  |  |  |
Total | $ | 66,294 |  |  | $ | 10,621 |  |  | $ | 76,915 |  |  |  |  |  |  |
| Year Ended December 31, 2023 |  |
| 2023 Plan |  | Prior Plan |  | Total |  |  |  |  |  |
Severance | $ | 40,152 |  |  | $ | 3,057 |  |  | $ | 43,209 |  |  |  |  |  |  |
Facilities and other | 8,661 |  |  | 542 |  |  | 9,203 |  |  |  |  |  |  |
Total | $ | 48,813 |  |  | $ | 3,599 |  |  | $ | 52,412 |  |  |  |  |  |  |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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