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Other Expense (Income)
9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
Other Expense (Income) Other Expense (Income)
Other expense (income) consists of:
Three Months Ended
September 30,
Nine Months Ended
September 30,
($ in millions)2025202420252024
Restructuring and related charges$0.9 $(2.5)$17.5 $(2.5)
Contingent consideration2.7 1.2 7.3 3.2 
Foreign exchange transaction losses2.7 4.1 5.6 7.3 
Asset impairments0.3 1.0 1.4 1.9 
Other items0.3 0.6 0.9 0.9 
Total other expense (income)$6.9 $4.4 $32.7 $10.8 
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 2.5 17.5 
Cash payments(7.6)— (7.6)
Non-cash asset write downs— (2.5)(2.5)
Balance, September 30, 2025$7.4 $— $7.4 
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.