Restructuring Costs

9 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

(6) Restructuring Costs

During the nine months ended September 30, 2025, we recorded $51.6 in restructuring costs, of which $21.4 was recorded during the three months ended September 30, 2025. During the three and nine months ended September 30, 2024, we recorded $37.6 in restructuring costs. Payments made from the restructuring reserve were $22.7 and $51.7 during the three and nine months ended September 30, 2025, respectively. During the three and nine months ended September 30, 2024, payments made from the restructuring reserve were $19.7 and $70.7, 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 $43.7 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		3.9			9.8			36.3			0.1			(1.2	)		48.9
Lease costs(c)		1.1			—			1.6			—			—			2.7
Non-cash charges		(1.1	)		—			(1.6	)		—			—			(2.7	)
Costs paid		(6.5	)		(6.7	)		(35.6	)		(2.2	)		(0.7	)		(51.7	)
Balance, September 30, 2025	$	3.1		$	7.5		$	32.8		$	0.3		$	—		$	43.7

(a)

Balances related to the United States were $4.0 and $1.5 as of December 31, 2024 and September 30, 2025, respectively.

(b)

Balances related to France were $1.2 and $2.5 as of December 31, 2024 and September 30, 2025, respectively. Balances related to Italy were $2.0 and $1.9 as of December 31, 2024 and September 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.