v3.25.2
Restructuring Activities (Tables)
 6 Months Ended
Jun. 30, 2025
Restructuring Cost and Reserve [Line Items]  
Schedule of Costs Related to the Transformation Program

Costs related to the Transformation Program were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

 

June 30,
2025

 

 

June 30,
2024

 

 

June 30,
2025

 

 

June 30,
2024

 

 

Cumulative costs incurred to date as of June 30, 2025

 

 

 

(in millions)

 

Professional fees

 

$

—

 

 

$

0.6

 

 

$

—

 

 

$

1.5

 

 

$

26.5

 

Retention and separation

 

 

—

 

 

 

2.9

 

 

 

—

 

 

 

7.8

 

 

 

64.4

 

Other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

1.6

 

Total

 

$

—

 

 

$

3.5

 

 

$

—

 

 

$

9.4

 

 

$

92.5

 
Schedule of Changes in the Liabilities Related to the Transformation Program

Changes in the liabilities related to the Transformation Program, which were recognized in other current liabilities within the Company’s condensed consolidated balance sheets, were as follows:

 

 

 

Professional Fees

 

 

Retention and Separation

 

 

Other

 

 

Total

 

 

 

(in millions)

 

Balance as of December 31, 2024

 

$

—

 

 

$

4.7

 

 

$

—

 

 

$

4.7

 

Expenses

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Cash payments

 

 

—

 

 

 

(2.0

)

 

 

—

 

 

 

(2.0

)

Non-cash items and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Balance as of June 30, 2025

 

$

—

 

 

$

2.7

 

 

$

—

 

 

$

2.7

 
Schedule of Costs Related to the Restructuring Program

Costs related to the Restructuring Program were as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

 

June 30,
2025

 

 

June 30,
2024

 

 

June 30,
2025

 

 

June 30,
2024

 

 

Cumulative costs incurred to date as of June 30, 2025

 

 

 

(in millions)

 

Professional fees

 

$

(0.5

)

 

$

1.4

 

 

$

(0.5

)

 

$

4.2

 

 

$

4.1

 

Retention and separation

 

 

1.2

 

 

 

47.4

 

 

 

4.5

 

 

 

61.3

 

 

 

69.0

 

Other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

$

0.7

 

 

$

48.8

 

 

$

4.0

 

 

$

65.5

 

 

$

73.1

 
Schedule of Changes in the Liabilities Related to the Restructuring Program

Changes in the liabilities related to the Restructuring Program, which were recognized in other current liabilities within the Company’s condensed consolidated balance sheets, were as follows:

 

 

 

Professional Fees

 

 

Retention and Separation

 

 

Other

 

 

Total

 

 

 

(in millions)

 

Balance as of December 31, 2024

 

$

0.5

 

 

$

3.2

 

 

$

—

 

 

$

3.7

 

Expenses

 

 

(0.5

)

 

 

4.5

 

 

 

—

 

 

 

4.0

 

Cash payments

 

 

—

 

 

 

(6.8

)

 

 

—

 

 

 

(6.8

)

Non-cash items and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Balance as of June 30, 2025

 

$

—

 

 

$

0.9

 

 

$

—

 

 

$

0.9

 
Schedule of Costs Related to the Technology Realignment Program

Costs related to the Technology Realignment Program were as follows:

 

 

 

Three Months Ended

 

 

 

 

 

 

June 30,
2025

 

 

Cumulative costs incurred to date as of June 30, 2025

 

 

 

(in millions)

 

Professional fees

 

$

—

 

 

$

—

 

Retention and separation

 

 

3.6

 

 

 

3.6

 

Other

 

 

—

 

 

 

—

 

Total

 

$

3.6

 

 

$

3.6

 
Schedule of Changes in the Liabilities Related to the Technology Realignment Program

Changes in the liabilities related to the Technology Realignment Program, which were recognized in other current liabilities within the Company’s condensed consolidated balance sheets, were as follows:

 

 

 

Professional Fees

 

 

Retention and Separation

 

 

Other

 

 

Total

 

 

 

(in millions)

 

Expenses

 

$

—

 

 

$

3.6

 

 

$

—

 

 

$

3.6

 

Cash payments

 

 

—

 

 

 

(2.6

)

 

 

—

 

 

 

(2.6

)

Non-cash items and other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Balance as of June 30, 2025

 

$

—

 

 

$

1.0

 

 

$

—

 

 

$

1.0