Restructuring Costs

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

(6) Restructuring Costs

During the six months ended June 30, 2025, we recorded $30.2 in restructuring costs, of which $14.4 was recorded during the three months ended June 30, 2025. During the three and six months ended June 30, 2024, we did not record any restructuring costs. Payments made from the restructuring reserve were $16.7 and $29.0 during the three and six months ended June 30, 2025, respectively. We use our restructuring reserve for severance, office closures, office consolidations, and professional and other fees related to restructuring in multiple countries and territories. We expect a majority of the remaining $46.1 reserve will be paid by the end of 2025.

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


	Americas(a)			Southern Europe(b)			Northern Europe			APME			Corporate			Total
Balance, December 31, 2024	$	5.7		$	4.4		$	32.1		$	2.4		$	1.9		$	46.5
Severance costs		—			5.7			22.8			0.1			—			28.6
Lease costs(c)		—			—			1.6			—			—			1.6
Non-cash charges		—			—			(1.6	)		—			—			(1.6	)
Costs paid		(2.1	)		(3.1	)		(19.8	)		(2.1	)		(1.9	)		(29.0	)
Balance, June 30, 2025	$	3.6		$	7.0		$	35.1		$	0.4		$	—		$	46.1

(a)

Balances related to the United States were $4.0 and $1.0 as of December 31, 2024 and June 30, 2025, respectively.

(b)

Balances related to France were $1.2 and $2.4 as of December 31, 2024 and June 30, 2025, respectively. Balances related to Italy were $2.0 and $1.9 as of December 31, 2024 and June 30, 2025, respectively.

(c)

Liabilities related to exited leased facilities are recorded within our short-term and long-term operating lease liabilities within our Consolidated Balance Sheets.