v3.25.2
Restructuring Activities (Tables)
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of CTO2Grow Restructuring Spend Estimated to be Incurred
CTO2Grow Program restructuring spend is estimated to be incurred as follows:
(In millions)Total Restructuring ProgramLess Program Activity to DateRemaining Restructuring
Costs of reduction in headcount as a result of reorganization$90 $(80)$10 
Other associated costs45 (37)
Contract terminations20 (18)
Total cash expense155 (135)20 
Capital expenditures(4)
Total estimated cash cost(1)
$160 $(139)$21 
Total estimated non-cash expense(2)
$39 $(39)$ 
Total estimated expense(3)
$194 $(174)$20 
(1)Total estimated cash cost excludes the impact of proceeds expected from the sale of property and equipment and foreign currency impact.
(2)Reflects actual expenses that have been incurred. Ranges associated with future non-cash expenses related to the CTO2Grow Program are difficult to estimate and are not available without unreasonable efforts, as these typically relate to exit and disposal activities.
(3)Total estimated expense excludes capital expenditures.
Schedule of Restructuring and Relocation Activities
The following table details our aggregate restructuring activities as reflected in the Condensed Consolidated Statements of Operations.
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2025202420252024
Other associated costs$6.4 $6.4 $12.8 $13.2 
Contract terminations3.0 — 3.0 (0.1)
Restructuring charges2.8 2.5 5.4 18.0 
Total charges$12.2 $8.9 $21.2 $31.1 
Capital expenditures$0.4 $0.4 $1.5 $0.4 
Schedule of Restructuring Accrual, Spending and Other Activity and Accrual Balance Remaining
The aggregate restructuring accrual, spending and other activity for the six months ended June 30, 2025 and the accrual balance remaining at June 30, 2025 was as follows:
(In millions)
Restructuring accrual at December 31, 2024$43.6 
Headcount accrual and accrual adjustments5.4 
Cash payments during 2025(24.6)
Effect of changes in foreign currency exchange rates1.9 
Restructuring accrual at June 30, 2025
$26.3