v3.26.1
Restructuring (Tables)
 3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs The following table summarizes the pre-tax charges by activity and program during the periods indicated:
Three Months Ended March 31,
2026
2025
Severance and related benefit costs
Value Creation Plan
$11.9
$24.0
Segment Optimization
–
0.4
Total Severance and related benefit costs
11.9
24.4
Exit and disposal costs
Value Creation Plan
0.1
0.3
Total Exit and disposal costs
0.1
0.3
Restructuring costs
$12.0
$24.7
The following table summarizes the pre-tax charges by program and segment during the periods indicated:
Three Months Ended March 31,
2026
2025
Academia & Government
Value Creation Plan
$4.8
$12.3
Total A&G
4.8
12.3
Intellectual Property
Value Creation Plan
4.1
6.2
Segment Optimization
—
0.3
Total IP
4.1
6.5
Life Sciences & Healthcare
Value Creation Plan
3.1
5.8
Segment Optimization
—
0.1
Total LS&H
3.1
5.9
Restructuring costs
$12.0
$24.7
The table below summarizes the changes in our restructuring reserves by activity during the periods indicated:
Severance and
related benefit costs
Exit and disposal
costs
Total
Reserve balance as of December 31, 2024
$2.3
$–
$2.3
Expenses recorded
24.4
0.3
24.7
Payments made
(15.3)
(0.1)
(15.4)
Noncash items
(2.0)
(0.2)
(2.2)
Reserve balance as of March 31, 2025
$9.4
$–
$9.4
Reserve balance as of December 31, 2025
$6.5
$–
$6.5
Expenses recorded
11.9
0.1
12.0
Payments made
(13.0)
(0.1)
(13.1)
Noncash items
(0.1)
–
(0.1)
Reserve balance as of March 31, 2026
$5.3
$–
$5.3