v3.25.4
Restructuring
12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring

Note 12 — Restructuring

We recognized restructuring charges of $28.4 million for the year ended December 31, 2025 primarily related to severance and impairments. Anticipated future cash payments as of December 31, 2025 were $5.5 million.

We recognized restructuring charges of $2.3 million and $0.8 million for the years ended December 31, 2024 and December 31, 2023, respectively, primarily related to severance and asset impairments. Restructuring charges are recorded in Other Operating Expense on the Consolidated Statements of Operations.

 

December 31,

 

 

Restructuring

 

 

 

 

 

Cash

 

 

 

 

 

December 31,

 

(In Millions)

2024

 

 

Charge

 

 

FX Impact

 

 

Paid

 

 

Non-Cash

 

 

2025

 

Employee termination

$

1.5

 

 

$

21.7

 

 

$

0.1

 

 

$

(20.8

)

 

$

 

 

$

2.5

 

Impairment and other

 

 

 

 

6.7

 

 

 

 

 

 

 

 

 

(3.7

)

 

$

3.0

 

Total

$

1.5

 

 

$

28.4

 

 

$

0.1

 

 

$

(20.8

)

 

$

(3.7

)

 

$

5.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

 

 

 

Cash

 

 

 

 

 

December 31,

 

(In Millions)

2023

 

 

Charge

 

 

FX Impact

 

 

Paid

 

 

Non-Cash

 

 

2024

 

Employee termination

$

1.2

 

 

$

2.3

 

 

$

(0.2

)

 

$

(2.2

)

 

$

0.4

 

 

$

1.5

 

Impairment and other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

1.2

 

 

$

2.3

 

 

$

(0.2

)

 

$

(2.2

)

 

$

0.4

 

 

$

1.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

 

 

 

Cash

 

 

 

 

 

December 31,

 

(In Millions)

2022

 

 

Charge

 

 

FX Impact

 

 

Paid

 

 

Non-Cash

 

 

2023

 

Employee termination

$

5.4

 

 

$

0.5

 

 

$

 

 

$

(4.7

)

 

$

 

 

$

1.2

 

Impairment and other

 

 

 

 

0.3

 

 

 

 

 

 

 

 

 

(0.3

)

 

 

 

Total

$

5.4

 

 

$

0.8

 

 

$

(0.2

)

 

$

(4.7

)

 

$

(0.3

)

 

$

1.2