Restructuring, Integration, and Other (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Restructuring, Integration, and Other |
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| Schedule of components of the restructuring, integration, and other charges |
| | | | | | | | | | (thousands) | | 2025 | | 2024 | | 2023 | Restructuring, integration and related costs | | | | | | | | | | Operating Expense Efficiency Plan costs (a) | | $ | 106,082 | | $ | 10,279 | | $ | — | Other plans | | | 2,075 | | | 3,848 | | | 8,877 | Other expenses | | | | | | | | | | Operating expense reduction costs not related to restructuring initiatives (b) | | (1,418) | | | 84,510 | | | 19,077 | Environmental remediation liabilities | | | 4,463 | | | 756 | | | 23,336 | Early lease termination costs | | | 1,546 | | | 6,814 | | | 29,400 | Consulting costs (c) | | | — | | | 25,306 | | | — | Other charges | | | 3,371 | | | 11,404 | | | 3,226 | | | $ | 116,119 | | $ | 142,917 | | $ | 83,916 |
| (a) | See details related to the Operating Expense Efficiency Plan discussed below. |
| (b) | Primarily related to employee severance and benefit costs. As of December 31, 2025, the accrued liabilities related to these costs totaled $15.7 million and substantially all accrued amounts are expected to be spent in cash within two years. |
| (c) | Consulting costs are related to operating expense reduction costs not related to the restructuring initiative. |
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| Operating Expense Efficiency Plan costs |
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| Restructuring, Integration, and Other |
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| Schedule of components of the restructuring, integration, and other charges |
| | | | | | | | | | | | | (thousands) | | Income Statement line | | Year Ended December 31, 2025 | | Year Ended December 31, 2024 | | Total Cost Incurred to Date | Employee severance and benefit costs | | | Restructuring, integration, and other | | $ | 83,658 | | $ | 1,348 | | $ | 85,006 | Inventory (recoveries) write-downs | | | Cost of sales | | | (10,266) | | | 50,344 | | | 40,078 | Asset impairments | | | Restructuring, integration, and other | | | - | | | 1,416 | | | 1,416 | Other costs (a) | | | Restructuring, integration, and other | | | 22,424 | | | 7,515 | | | 29,939 | | | | | | $ | 95,816 | | $ | 60,623 | | $ | 156,439 |
| (a) | Other costs consist primarily of consulting and other professional fees, early lease termination fees, and foreign currency translation adjustment write-offs. |
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| Schedule of activity in the restructuring, integration, and other accruals |
| | | | | | | | | | | | | (thousands) | | Employee Severance and Benefit Costs | | Inventory Recoveries | | Other Costs | | Total | Balance at December 31, 2024 | | $ | 384 | | $ | - | | $ | 202 | | $ | 586 | Restructuring related charges | | | 83,658 | | | (10,266) | | | 22,424 | | | 95,816 | Cash (payments) receipts | | | (34,288) | | | 10,266 | | | (17,508) | | | (41,530) | Foreign currency translations | | | 1,493 | | | - | | | 109 | | | 1,602 | Balance at December 31, 2025 | | $ | 51,247 | | $ | - | | $ | 5,227 | | $ | 56,474 |
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