In the year ended December 31, 2025, we committed to a plan to reorganize our business (the “Transformation Plan”). The Transformation Plan, consisting of leadership transitions, involuntary reductions-in-force, site closures, and other cost-savings initiatives, was commenced to competitively reposition ourselves to capture growth from evolving market conditions.

Over the life of the Transformation Plan, we expect to incur restructuring charges of between $16.0 million and $24.0 million, primarily related to reductions-in-force and related site closure costs. All restructuring costs are excluded from segment results. The majority of the actions under the Transformation Plan are expected to be completed on or before June 30, 2028. We expect to settle these charges with cash on hand.

The following table presents the components of restructuring and other charges, net for the three and six months ended June 30, 2026, and 2025:


	For the three months ended				For the six months ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Transformation Plan	$	5.1	$	—	$	9.5	$	—


Other plans, net	0.4		3.2		0.8		6.6

Other restructuring and other charges, net
Severance charges, net	—		1.3		(0.1)		1.2

Transaction related charges	(7.2)		—		(8.2)		4.4
Facility and other charge	—		2.2		—		1.4
Restructuring and other charges, net	$	(1.7)	$	6.6	$	2.0	$	13.6

The following table presents a rollforward of our severance liability, which is primarily related to the Transformation Plan, for the six months ended June 30, 2026:


	Total
Balance as of December 31, 2025	$	4.8
Charges, net of reversals	5.8
Payments	(5.3)
Foreign currency remeasurement	0.0
Balance as of June 30, 2026	$	5.3

The severance liability as of June 30, 2026 and December 31, 2025 was entirely recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets.