XML 65 R12.htm IDEA: XBRL DOCUMENT
v3.24.2

Restructuring | 6 Months Ended
--- | ---
Jun. 30, 2024
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring The $1.1 million and $1.8 million restructuring charge in the second quarter and first six months, respectively, of 2024 predominantly relates to continued costs aimed at reducing our fixed cost structure and realigning our business. The $2.5 million and $2.8 million restructuring charge in the second quarter and first half, respectively, of 2023 relates predominantly to asset impairments in relation to rationalization of our North American Gas Cylinders businesses to reduce our fixed cost base. This amounted to $2.3 million in both the second quarter and first half of the year respectively. There was an additional $0.1 million and $0.4 million of other expenses in the second quarter and first half respectively, in relation to the aforementioned rationalization. Restructuring-related costs by reportable segment were as follows:
|  |  | Second Quarter |  | Year-to-date |
| In millions |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
| Severance and other costs |  |  |  |  |  |  |  |  |
| Gas Cylinders |  | $ | 1.1 |  |  | $ | 0.2 |  |  | $ | 1.6 |  |  | $ | 0.5 |  |
| Elektron |  | — |  |  | — |  |  | 0.2 |  |  | — |  |
|  |  | $ | 1.1 |  |  | $ | 0.2 |  |  | $ | 1.8 |  |  | $ | 0.5 |  |
| Asset impairments |  |  |  |  |  |  |  |  |
| Gas Cylinders |  | $ | — |  |  | $ | 2.3 |  |  | $ | — |  |  | $ | 2.3 |  |
| Total restructuring charges |  | $ | 1.1 |  |  | $ | 2.5 |  |  | $ | 1.8 |  |  | $ | 2.8 |  |
Activity related to restructuring, recorded in Other current liabilities in the consolidated balance sheets is summarized as follows:
| In millions | 2024 |  |  |
| Balance at January 1, | $ | 3.3 |  |  |  |
| Costs incurred | 1.8 |  |  |  |
| Cash payments and other | (1.9) |  |  |  |
| Balance at June 30, | $ | 3.2 |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration