Restructuring Activities (Tables)

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of CTO2Grow Restructuring Spend Estimated to be Incurred

CTO2Grow Program restructuring spend is estimated to be incurred as follows:

	Total Restructuring Program Range				Less Program to Date		Remaining Restructuring
(In millions)	Low		High				Low		High
Costs of reduction in headcount as a result of reorganization	$	90	$	95	$	(11)	$	79	$	84
Other associated costs	20		25		—		20		25
Contract terminations	25		30		(15)		10		15
Total cash expense	135		150		(26)		109		124
Capital expenditures	5		10		—		5		10
Total estimated cash cost(1)	$	140	$	160	$	(26)	$	114	$	134
Total estimated non-cash expense(2)	$	34	$	34	$	(34)	$	—	$	—
Total estimated expense(3)	$	169	$	184	$	(60)	$	109	$	124

(1)Total estimated cash cost excludes the impact of proceeds expected from the sale of property and equipment and foreign currency impact.

(2)Reflects actual expenses that have been incurred. Ranges associated with future non-cash expenses related to the CTO2Grow Program are difficult to estimate and are not available without unreasonable efforts, as these typically relate to exit and disposal activities.

(3)Total estimated expense excludes capital expenditures.

Restructuring and Relocation Activities

The following table details our aggregate restructuring activities as reflected in the Condensed Consolidated Statements of Operations.

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2023		2022		2023		2022
Other associated costs	$	34.6	$	1.6	$	34.5	$	8.5
Contract terminations	15.3		—		15.3		—
Restructuring charges	9.8		0.6		9.2		4.6
Total charges	$	59.7	$	2.2	$	59.0	$	13.1
Capital expenditures	$	—	$	3.3	$	—	$	9.1

Components of Restructuring Accrual, Spending and Other Activity and Accrual Balance Remaining

The aggregate restructuring accrual, spending and other activity for the nine months ended September 30, 2023 and the accrual balance remaining at September 30, 2023 was as follows:

(In millions)
Restructuring accrual at December 31, 2022	$	14.7
Headcount accrual and accrual adjustments	9.2
Contract termination accrual and adjustments	11.2
Cash payments during 2023	(12.5)
Effect of changes in foreign currency exchange rates	(0.2)
Restructuring accrual at September 30, 2023(1)	$	22.4

(1)Excludes $4.0 million of remaining lease obligations on terminated contracts included in Current portion of operating lease liabilities and Long-term operating lease liabilities, less current portion on our Condensed Consolidated Balance Sheets.