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Management Actions | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Management Actions | Management Actions Restructuring Actions During the three and six months ended June 30, 2025, we incurred restructuring expenses as part of our ongoing global reorganization efforts. The following pre-tax restructuring charges were included in selling and administrative expense in the consolidated statements of income.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Severance-related costs | $ | (0.3) |  |  | $ | 0.6 |  |  | $ | 1.2 |  |  | $ | 0.6 |
Total pre-tax restructuring costs | $ | (0.3) |  |  | $ | 0.6 |  |  | $ | 1.2 |  |  | $ | 0.6 |
Our restructuring actions represent the continued execution of a multi-year enterprise strategy to drive increased productivity throughout our operations. The charges in 2025 impacted all operating segments and were related to a global workforce realignment to support our key strategic initiatives. A reconciliation of the beginning and ending liability balances for severance-related costs is as follows:
| Six Months Ended June 30,
| 2025 |  | 2024
Beginning balance | $ | 8.6 |  |  | $ | 2.4 |
New charges | 3.1 |  |  | 0.8 |
Cash payments | (6.0) |  |  | (1.0) |
Foreign currency fluctuations | 1.0 |  |  | (0.2) |
Adjustments to accrual | (1.9) |  |  | (0.2) |
Ending balance | $ | 4.8 |  |  | $ | 1.8 |

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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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