v3.25.2
Restructuring and Acquisition Charges
 6 Months Ended
Jun. 30, 2025
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Activities Disclosure [Text Block] RESTRUCTURING AND ACQUISITION CHARGES
Restructuring and acquisition charges include cash and non-cash expenses. Cash-based charges primarily consist of (i) severance and employment-related charges, including those related to external service providers, incurred in conjunction with a structural business shift, which can be represented by a notable change in headcount, change in leadership, or transformation of business processes, (ii) acquisition, transaction and integration-related charges and (iii) other restructuring including lease exit charges. Non-cash charges include (i) stock-based compensation expense for retention awards issued in conjunction with prior-period acquisitions and (ii) fair value adjustments to earn-out liabilities relating to prior-period acquisition activity. Restructuring and acquisition charges are presented in the table below.
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Severance and other employment-related charges$18.0 7.2 $25.4 11.7 
Restructuring, pre-acquisition and post-acquisition charges10.0 6.1 17.7 13.5 
Stock-based compensation expense for post-acquisition retention awards0.7 0.3 1.4 0.6 
Fair value adjustments to earn-out liabilities(7.4)(2.1)(3.5)(12.6)
Restructuring and acquisition charges$21.3 11.5 $41.0 13.2 
We expect nearly all expenses related to (i) severance and other employment-related charges and (ii) restructuring, pre-acquisition and post-acquisition charges as of June 30, 2025 will be paid during the next twelve months.