v3.25.2
Restructuring, Business Transformation and Other Cost Saving Initiatives (Tables)
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
Total charges incurred from our 2023 Fit for Growth program are summarized as follows:
For the Three Months Ended June 30,
20252024
(In millions)Severance
Costs		Accelerated Depreciation and Other CostsTotalSeverance CostsAccumulated Depreciation and Other CostsTotal
Selling, general and administrative$— $0.7 $0.7 $— $2.0 $2.0 
Research and development— 1.3 1.3 — 2.2 2.2 
Restructuring charges(1.1)— (1.1)6.3 — 6.3 
Total charges$(1.1)$2.0 $0.9 $6.3 $4.2 $10.5 
For the Six Months Ended June 30,
20252024
(In millions)Severance CostsAccelerated Depreciation and Other CostsTotalSeverance CostsAccumulated Depreciation and Other CostsTotal
Selling, general and administrative$— $(3.2)$(3.2)$— $3.4 $3.4 
Research and development— 6.4 6.4 — 7.1 7.1 
Restructuring charges34.2 — 34.2 15.6 — 15.6 
Total charges$34.2 $3.2 $37.4 $15.6 $10.5 $26.1 
Total charges incurred from our Reata integration are summarized as follows:
For the Three Months Ended June 30,
20252024
(In millions)Severance
Costs		Accelerated Depreciation and Other CostsTotalSeverance CostsAccumulated Depreciation and Other CostsTotal
Selling, general and administrative$— $1.8 $1.8 $— $1.5 $1.5 
Research and development— 4.0 4.0 — 3.3 3.3 
Restructuring charges— — — 0.3 — 0.3 
Total charges$— $5.8 $5.8 $0.3 $4.8 $5.1 
For the Six Months Ended June 30,
20252024
(In millions)Severance CostsAccelerated Depreciation and Other CostsTotalSeverance CostsAccumulated Depreciation and Other CostsTotal
Selling, general and administrative$— $3.6 $3.6 $— $3.3 $3.3 
Research and development— 6.3 6.3 — 6.0 6.0 
Restructuring charges(0.2)— (0.2)2.5 — 2.5 
Total charges$(0.2)$9.9 $9.7 $2.5 $9.3 $11.8 
Schedule of Restructuring Reserve by Type of Cost
Charges and spending related to workforce reductions are summarized as follows:
Workforce Reductions
(In millions)20252024
Restructuring reserve as of January 1$31.9 $75.4 
Expense35.3 11.5 
Payment(25.8)(42.2)
Foreign currency and other adjustments(1.0)0.8 
Restructuring reserve as of March 3140.4 45.5 
Expense(0.7)6.6 
Payment(9.5)(11.9)
Foreign currency and other adjustments(1.0)— 
Restructuring reserve as of June 30$29.2 $40.2