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Management Actions
6 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
Management Actions Management Actions
Restructuring Actions
During the three and six months ended June 30, 2023 and June 30, 2022, we incurred restructuring expenses as part of our ongoing global reorganization efforts. The following pre-tax restructuring charges were included in selling and administrative expense in the consolidated statements of income.
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Severance-related costs$1.2 $0.1 $1.2 $0.3 
Other costs— 0.3 — 0.3 
Total pre-tax restructuring costs$1.2 $0.4 $1.2 $0.6 
The charge in 2023 impacted the Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC) operating segments. The charge in 2022 primarily impacted the Americas operating segments. Our restructuring actions represent the continued execution of a multi-year enterprise strategy to drive increased productivity throughout our operations.
A reconciliation of the beginning and ending liability balances for severance-related costs is as follows:
Six Months Ended
June 30,
20232022
Beginning balance$1.7 $4.9 
New charges1.1 0.9 
Cash payments(1.4)(1.9)
Foreign currency fluctuations— (0.5)
Adjustments to accrual0.1 (0.6)
Ending balance$1.5 $2.8