Restructuring Activities (Tables)

3 Months Ended

Mar. 31, 2024

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 Activity to Date		Remaining Restructuring
(In millions)	Low		High				Low		High
Costs of reduction in headcount as a result of reorganization	$	90	$	95	$	(32)	$	58	$	63
Other associated costs	20		25		(8)		12		17
Contract terminations	25		30		(15)		10		15
Total cash expense	135		150		(55)		80		95
Capital expenditures	5		10		—		5		10
Total estimated cash cost(1)	$	140	$	160	$	(55)	$	85	$	105
Total estimated non-cash expense(2)	$	33	$	33	$	(33)	$	—	$	—
Total estimated expense(3)	$	168	$	183	$	(88)	$	80	$	95

(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 March 31,
(In millions)	2024		2023
Other associated costs	$	6.8	$	(0.2)
Contract terminations	(0.1)		—
Restructuring charges	15.5		(1.2)
Total charges	$	22.2	$	(1.4)
Capital expenditures	$	—	$	—

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

The aggregate restructuring accrual, spending and other activity for the three months ended March 31, 2024 and the accrual balance remaining at March 31, 2024 was as follows:

(In millions)
Restructuring accrual at December 31, 2023	$	24.3
Headcount accrual and accrual adjustments	15.5
Cash payments during 2024	(9.8)
Effect of changes in foreign currency exchange rates	(0.3)
Restructuring accrual at March 31, 2024(1)	$	29.7

(1)Excludes $3.6 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.