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Other Expense (Income)
 6 Months Ended
Jun. 30, 2025
Other Income and Expenses [Abstract]  
Other Expense (Income) Other Expense (Income)
Other expense (income) consists of:
Three Months Ended
June 30,		Six Months Ended
June 30,
($ in millions)2025202420252024
Restructuring and related charges$0.2 $— $16.6 $— 
Contingent consideration2.2 1.0 4.6 2.0 
Foreign exchange transaction losses1.7 2.0 2.9 3.2 
Asset impairments0.8 0.3 1.1 0.9 
Other items0.3 — 0.6 0.3 
Total other expense (income)$5.2 $3.3 $25.8 $6.4 

Restructuring and Related Charges

In January 2025, the Company approved a restructuring plan to adjust our operating cost base to better respond to the macroeconomic factors influencing our business. These changes are expected to be implemented over a period of approximately twenty-four to thirty-six months from the date of approval. The plan is expected to require restructuring and related charges of approximately, $30 million to $32 million, with annualized savings in the range of $35 million to $40 million. The following table presents activity related to our restructuring obligations related to our 2025 restructuring plan:
($ in millions)Severance
and benefits		Asset-related chargesTotal
Balance, December 31, 2024$— $— $— 
Charges (Credits)15.0 1.6 16.6 
Cash payments(7.2)— (7.2)
Non-cash asset write downs— (1.6)(1.6)
Balance, June 30, 2025$7.8 $— $7.8 

Contingent Consideration

Contingent consideration represents changes in the fair value of the SmartDose® contingent consideration. Please refer to Note 10, Fair Value Measurements, for additional details.