XML 24 R14.htm IDEA: XBRL DOCUMENT v3.23.1
Restructuring Costs
 3 Months Ended
Mar. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Costs

(6) Restructuring Costs

We recorded $6.6 in restructuring costs during the three months ended March 31, 2023. We did not record any restructuring costs during the three months ended March 31, 2022. During the three months ended March 31, 2023, we made payments of $5.6 out of our restructuring reserve, which is used for severance and office closures and consolidations in multiple countries and territories. We expect a majority of the remaining $14.2 reserve will be paid by the end of 2023.

Changes in the restructuring reserve by reportable segment and Corporate are shown below.

 

 

 

Americas(1)

 

 

Southern
Europe(2)

 

 

Northern
Europe

 

 

APME

 

 

Corporate

 

 

Total

 

Balance, December 31, 2022

 

$

1.0

 

 

$

1.0

 

 

$

11.0

 

 

$

0.2

 

 

$

—

 

 

$

13.2

 

Severance costs

 

 

0.9

 

 

 

0.3

 

 

 

1.1

 

 

 

2.5

 

 

 

0.4

 

 

 

5.2

 

Other Costs

 

 

—

 

 

 

—

 

 

 

1.4

 

 

 

—

 

 

 

—

 

 

 

1.4

 

Costs paid

 

 

(1.1

)

 

 

(0.1

)

 

 

(4.1

)

 

 

—

 

 

 

(0.3

)

 

 

(5.6

)

Balance, March 31, 2023

 

$

0.8

 

 

$

1.2

 

 

$

9.4

 

 

$

2.7

 

 

$

0.1

 

 

$

14.2

 

 

(1) Balances related to the United States were $0.6 and $0.7 as of December 31, 2022 and March 31, 2023, respectively.

(2) Balances related to France were $0.9 as of both December 31, 2022 and March 31, 2023.