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Restructuring charges (Tables)

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table presents the total restructuring costs related to the January 2023 Plan, August 2023 Plan, May 2024 Plan and August 2024 Plan by reportable segment as well as amounts included within non-reportable segments, unallocated corporate selling, general and administrative (“SG&A”) expense and research and development (“R&D”) expense:

			Three Months Ended March 31,
			2025						2024
Segment restructuring costs:
MCM Products			(0.8)						(0.1)
All other segments			(0.1)						(0.2)
Total restructuring costs included in Cost of product and services sales, net			(0.9)						(0.3)
Corporate restructuring costs:
SG&A			(0.3)						(0.1)
R&D			(0.1)						(0.1)
Total restructuring costs			$	(1.3)					$	(0.5)

The following table presents the total restructuring costs related to the January 2023 Plan, August 2023 Plan, May 2024 Plan and August 2024 Plan by function:

			Three Months Ended March 31,
			2025						2024
Severance payments			(0.2)						(0.5)
Employee benefits			(1.1)						—
Total restructuring costs			$	(1.3)					$	(0.5)

Schedule of Restructuring Reserve by Type of Cost

The following table provides the components of and changes in the Company’s restructuring accrual for the January 2023 Plan during the three months ended March 31, 2024:

			Employee Transition						Severance Payments						Employee Benefits						Total
Balance at December 31, 2023			$	—					$	1.4					$	—					$	1.4
Cash payments			—						(1.3)						—						(1.3)
Balance at March 31, 2024			$	—					$	0.1					$	—					$	0.1

The following table provides the components of and changes in the Company’s restructuring accrual for the August 2023 Plan during the three months ended March 31, 2024:

			Employee Transition						Severance Payments						Employee Benefits						Total
Balance at December 31, 2023			$	—					$	5.3					$	0.1					$	5.4
Accruals			—						(0.5)						—						(0.5)
Cash payments			—						(3.6)						—						(3.6)
Balance at March 31, 2024			$	—					$	1.2					$	0.1					$	1.3

The following table provides the components of and changes in the Company’s restructuring accrual for the May 2024 Plan during the three months ended March 31, 2025:

			Employee Transition						Severance Payments						Employee Benefits						Total
Balance at December 31, 2024			$	—					$	4.5					$	0.8					$	5.3
Accruals			—						—						(0.7)						(0.7)
Cash payments			—						(2.7)						(0.1)						(2.8)
Balance at March 31, 2025			$	—					$	1.8					$	—					$	1.8

The following table provides the components of and changes in the Company’s restructuring accrual for the August 2024 Plan during the three months ended March 31, 2025:

			Employee Transition						Severance Payments						Employee Benefits						Total
Balance at December 31, 2024			$	—					$	1.9					$	0.5					$	2.4
Accruals			—						(0.2)						(0.4)						(0.6)
Cash payments			—						(1.1)						(0.1)						(1.2)
Balance at March 31, 2025			$	—					$	0.6					$	—					$	0.6

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- References

No definition available.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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