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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 QuarterYear-to-date
In millions2024202320242023
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 millions2024
Balance at January 1,$3.3 
Costs incurred1.8 
Cash payments and other(1.9)
Balance at June 30,$3.2