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Restructuring
9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring

10. Restructuring

 

The Company recorded $1.5 million and $13.2 million of net restructuring expense for the three and nine months ended September 30, 2025, respectively, which were primarily for severance in our International segment and other costs associated with our continuing footprint rationalization and cost reduction programs in both the Americas and International segments. The Company recorded $6.7 million and $6.1 million of net restructuring expense for the three and nine months ended September 30, 2024, respectively.

 

The summary of the activity in the restructuring liability for the nine months ended September 30, 2025 was as follows:

 

(in millions)

 

Balance at December 31, 2024

 

 

Provision

 

 

Cash Expenditures

 

Non-cash Items/Currency Change

 

 

Balance at September 30, 2025

 

Employee termination costs

 

$

26.6

 

 

$

10.8

 

 

$

(18.0

)

$

0.7

 

 

$

20.1

 

Other

 

 

 

 

 

2.4

 

 

 

(2.3

)

 

 

 

 

0.1

 

Total restructuring liability(1)

 

$

26.6

 

 

$

13.2

 

 

$

(20.3

)

$

0.7

 

 

$

20.2

 

 

(1)
We expect $13.0 million of the remaining $20.2 million of restructuring costs to be paid in the next twelve months.

 

The summary of the activity in the restructuring liability for the nine months ended September 30, 2024 was as follows:

 

(in millions)

 

Balance at December 31, 2023

 

 

Provision

 

 

Cash Expenditures

 

 

Non-cash Items/Currency Change

 

 

Balance at September 30, 2024

 

Employee termination costs

 

$

27.5

 

 

$

6.1

 

 

$

(11.4

)

 

$

(0.1

)

 

$

22.1

 

Other

 

 

0.9

 

 

 

 

 

 

(0.9

)

 

 

 

 

 

 

Total restructuring liability

 

$

28.4

 

 

$

6.1

 

 

$

(12.3

)

 

$

(0.1

)

 

$

22.1