Other Charges, Net

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Other Charges, Net

14.Other Charges, Net

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Information technology transformation costs	$	0.6	$	1.5	$	1.1	$	2.5
Restructuring charges		0.3		2.5		0.6		2.8
Acquisition-related expenses, net		2.9		8.3		5.8		13.4
Other		1.6		0.2		3.2		1.3
Other charges, net	$	5.4	$	12.5	$	10.7	$	20.0

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Cost of revenues	$	0.1	$	1.3	$	0.3	$	1.4
Other charges, net		0.3		2.5		0.6		2.8
Total	$	0.4	$	3.8	$	0.9	$	4.2

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

	Total			Severance			Exit Costs			Provisions for Excess Inventory
Balance at December 31, 2022	$	1.8		$	0.4		$	0.2		$	1.2
Restructuring charges		0.9			0.9			—			—
Cash payments		(0.9	)		(0.7	)		(0.2	)		—
Other, non-cash adjustments and foreign currency effect		(0.6	)		—			—			(0.6	)
Balance at June 30, 2023	$	1.2		$	0.6		$	—		$	0.6