In February 2024, we approved and initiated a global restructuring initiative designed to better align our assets and further improve the efficiency of the business. The initiative was approved and funded by our corporate office and therefore these costs are not allocated to our segments.

We incurred $129 million and $100 million in restructuring and other costs for the six months ended June 30, 2026 and June 30, 2025, respectively. The tables below summarize the activity related to the global restructuring initiative.


(in thousands)	Severance and other employee costs		Other restructuring costs (1)		Total
Liability as of January 1, 2026	$	17,988	$	709	$	18,697
Restructuring and other costs	23,525		105,357		128,882
Cash payments	(23,798)		(92,540)		(116,338)
Non-cash charges	—		(13,020)		(13,020)
Translation	(237)		(11)		(248)
Liability as of June 30, 2026	$	17,478	$	495	$	17,973

(1)Amount includes professional fees, accelerated rent, facility closure costs, moving expenses and asset impairment costs. Amount excludes a $5 million non-cash charge reflected in cost of goods sold for inventory liquidated rather than moved during facility consolidation in connection with the restructuring.


(in thousands)	Severance and other employee costs		Other restructuring costs (1)		Total
Liability as of January 1, 2025	$	23,830	$	926	$	24,756
Restructuring and other costs	36,600		63,882		100,482
Cash payments	(31,249)		(57,268)		(88,517)
Non-cash charges	—		(5,778)		(5,778)
Translation	1,847		41		1,888
Liability as of June 30, 2025	$	31,028	$	1,803	$	32,831