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Other Charges, Net (Tables)
12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Schedule of components of other charges, net

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

 

 

2023

 

 

2022

 

 

2021

 

Acquisition-related expenses, net

 

$

16.8

 

 

$

19.3

 

 

$

6.1

 

Professional fees incurred in connection with investigation
   matters and other legal matters

 

 

0.6

 

 

 

2.4

 

 

 

1.1

 

Information technology transformation costs

 

 

5.0

 

 

 

3.0

 

 

 

2.8

 

Restructuring

 

 

18.8

 

 

 

3.9

 

 

 

4.8

 

Long-lived asset impairments

 

 

5.7

 

 

 

0.3

 

 

 

(0.5

)

Other

 

 

5.3

 

 

 

0.8

 

 

 

 

Other charges, net

 

$

52.2

 

 

$

29.7

 

 

$

14.3

 

Summary of restructuring charges

 

 

2023

 

 

2022

 

 

2021

 

Cost of revenues

 

$

3.5

 

 

$

0.9

 

 

$

3.4

 

Other charges, net

 

 

18.8

 

 

 

3.9

 

 

 

4.8

 

 

$

22.3

 

 

$

4.8

 

 

$

8.2

 

Schedule of changes in restructuring reserves

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

 

 

 

Total

 

 

Severance

 

 

Exit Costs

 

 

Provisions for
Excess
Inventory

 

Balance at December 31, 2020

 

$

9.8

 

 

$

7.6

 

 

$

0.8

 

 

$

1.4

 

Restructuring charges

 

 

8.2

 

 

 

5.3

 

 

 

1.5

 

 

 

1.4

 

Cash payments

 

 

(10.3

)

 

 

(9.3

)

 

 

(1.0

)

 

 

 

Non-cash adjustments

 

 

(1.1

)

 

 

 

 

 

(1.0

)

 

 

(0.1

)

Foreign currency impact

 

 

(0.2

)

 

 

(0.1

)

 

 

 

 

 

(0.1

)

Balance at December 31, 2021

 

$

6.4

 

 

$

3.5

 

 

$

0.3

 

 

$

2.6

 

Restructuring charges

 

 

4.8

 

 

 

2.4

 

 

 

2.3

 

 

 

0.1

 

Cash payments

 

 

(7.8

)

 

 

(5.4

)

 

 

(2.4

)

 

 

 

Non-cash adjustments

 

 

(1.4

)

 

 

 

 

 

 

 

 

(1.4

)

Foreign currency impact

 

 

(0.2

)

 

 

(0.1

)

 

 

 

 

 

(0.1

)

Balance at December 31, 2022

 

$

1.8

 

 

$

0.4

 

 

$

0.2

 

 

$

1.2

 

Restructuring charges

 

 

22.3

 

 

 

20.5

 

 

 

0.8

 

 

 

1.0

 

Cash payments

 

 

(13.1

)

 

 

(12.3

)

 

 

(0.8

)

 

 

 

Non-cash adjustments

 

 

(1.6

)

 

 

 

 

 

 

 

 

(1.6

)

Acquired

 

 

3.6

 

 

 

0.9

 

 

 

2.7

 

 

 

 

Foreign currency impact

 

 

0.1

 

 

 

0.1

 

 

 

 

 

 

 

Balance at December 31, 2023

 

$

13.1

 

 

$

9.6

 

 

$

2.9

 

 

$

0.6