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Other Charges, Net (Tables)
6 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
Schedule of components of 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

 

Summary of restructuring charges 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

 

Schedule of changes in restructuring reserves

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