v3.26.1
Restructuring Charges
3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
During the three months ended March 31, 2026, we recorded $2.3 million of restructuring charges. Americas segment restructuring charges of $0.4 million during the three months ended March 31, 2026, were related to footprint optimization. International segment restructuring charges of $0.6 million during the three months ended March 31, 2026, were primarily related to ongoing initiatives to right-size the organization in response to macroeconomic conditions. Corporate related restructuring charges of $1.3 million during the three months ended March 31, 2026, were related to management restructuring.
During the three months ended March 31, 2025, we recorded restructuring charges of $1.9 million. Americas segment restructuring charges of $0.4 million during the three months ended March 31, 2025, were related to initiatives to right-size the organization in response to macroeconomic conditions. International segment restructuring charges of $0.9 million during the three months ended March 31, 2025, were primarily related to ongoing initiatives to optimize our manufacturing footprint and initiatives to right-size the organization in response to macroeconomic conditions. Corporate related restructuring charges of $0.6 million during the three months ended March 31, 2025, were related to initiatives to right-size the organization in response to macroeconomic conditions.
Restructuring reserves are included in Other current liabilities in the accompanying unaudited Condensed Consolidated Balance Sheets. Activity and reserve balances for restructuring by segment were as follows:
(In millions)Americas
segment
International
segment
CorporateTotal
Reserve balances at December 31, 2024$0.2 $3.2 $— $3.4 
Restructuring charges1.2 1.7 1.0 3.9 
Currency translation— 0.4 — 0.4 
Cash payments / utilization(0.6)(2.8)(1.0)(4.4)
Reserve balances at December 31, 2025$0.8 $2.5 $— $3.3 
Restructuring charges0.4 0.6 1.3 2.3 
Cash payments(0.4)(0.7)(0.1)(1.2)
Reserve balances at March 31, 2026$0.8 $2.4 $1.2 $4.4