Other Charges, Net

3 Months Ended

Mar. 31, 2022

Other Charges (Gain), Net

Other Charges, Net

13.Other Charges, Net

The components of other charges, net were as follows (in millions):

	Three Months Ended March 31,
	2022		2021
Information technology transformation costs	$	1.0	$	0.7
Professional fees incurred in connection with investigation matters		0.4		0.1
Restructuring charges		0.3		1.3
Acquisition-related expenses, net		5.1		0.9
Long-lived asset impairments		0.4		—
Other		0.3		—
Other charges, net	$	7.5	$	3.0

Restructuring Initiatives

Restructuring charges include charges for various programs that were recorded in the accompanying unaudited condensed consolidated statements of income and comprehensive income. The following table sets forth the restructuring charges (in millions):

	Three Months Ended March 31,
	2022		2021
Cost of revenues	$	0.1	$	1.1
Other charges, net		0.3		1.3
Total	$	0.4	$	2.4

The following table sets forth the changes in restructuring reserves (in millions):

	Total			Severance			Exit Costs			Provisions for Excess Inventory
Balance at December 31, 2021	$	6.4		$	3.5		$	0.3		$	2.6
Restructuring charges		0.4			0.1			0.3			—
Cash payments		(2.8	)		(2.6	)		(0.2	)		0.0
Other, non-cash adjustments and foreign currency effect		(1.4	)		—			—			(1.4	)
Balance at March 31, 2022	$	2.6		$	1.0		$	0.4		$	1.2