Reorganization and Restructuring

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Reorganization and Restructuring

Reorganization and Restructuring

Other Restructurings

Management periodically implements restructuring actions in targeted sections of our business. As a result of these actions, we recognized net costs of $21.7 million in the first six months of 2021, primarily severance costs. We recognized $14.4 million net costs in the first six months of 2022, primarily severance costs. The majority of the costs from 2022 restructuring plans resulted from the exit of a line of business in a specific geography with most of the remaining costs due to management initiatives to address the COVID-19 pandemic. For the restructuring actions that have not yet been completed, we expect to incur additional costs between $8 million and $10 million in future periods.

The following table summarizes the changes in the accrued liability for costs incurred, payments and utilization, and foreign currency exchange effects of other restructurings:

(In millions)	Severance Costs		Other	Total
Balance as of January 1, 2022	$	11.0	—	11.0
Expense	13.1		1.3	14.4
Payments and utilization	(10.6)		(1.3)	(11.9)
Foreign currency exchange effects	(0.5)		—	(0.5)
Balance as of June 30, 2022	$	13.0	—	13.0