v3.26.1
Restructuring (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Summary of Liabilities Recognized Related to Restructuring Plan The following table summarizes the liabilities recognized related to the 2025 Restructuring Plan (in millions):

 

 

 

Employee

 

 

 

 

 

 

 

 

 

 

 

 

 

Termination

 

 

 

Contract

 

 

 

 

 

 

 

 

 

Benefits

 

 

 

Terminations

 

 

Other

 

 

Total

 

Expenses incurred in the three months ended June 30, 2026

 

$

1.9

 

 

 

$

-

 

 

$

1.5

 

 

$

3.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2025

 

$

91.5

 

 

 

$

5.0

 

 

$

3.1

 

 

$

99.6

 

Expenses incurred in the six months ended June 30, 2026

 

 

4.2

 

 

 

 

0.3

 

 

 

5.2

 

 

 

9.7

 

Cash payments

 

 

(50.7

)

 

 

 

(2.4

)

 

 

(5.6

)

 

 

(58.7

)

Foreign currency exchange rate changes

 

 

(1.0

)

 

-

 

 

-

 

 

 

(0.1

)

 

 

(1.1

)

Balance, June 30, 2026

 

$

44.0

 

 

 

$

2.9

 

 

$

2.6

 

 

$

49.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense incurred since the start of the 2025 Restructuring Plan

 

$

125.5

 

 

 

$

7.6

 

 

$

13.4

 

 

$

146.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense estimated to be recognized for the 2025 Restructuring Plan

 

$

130.0

 

 

 

$

10.0

 

 

$

15.0

 

 

$

155.0