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Other Charges, Net
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Other Charges, Net

11. Other Charges, Net

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

 

 

2024

 

 

2023

 

 

2022

 

Acquisition-related expenses, net (a)

 

$

54.9

 

 

$

16.8

 

 

$

19.3

 

Acquisition-related litigation charges

 

 

44.9

 

 

 

—

 

 

 

—

 

Information technology transformation costs (b)

 

 

7.2

 

 

 

5.0

 

 

 

3.0

 

Restructuring

 

 

13.1

 

 

 

18.8

 

 

 

3.9

 

Long-lived asset impairments

 

 

2.2

 

 

 

5.7

 

 

 

0.3

 

Other

 

 

3.8

 

 

 

5.9

 

 

 

3.2

 

Other charges, net

 

$

126.1

 

 

$

52.2

 

 

$

29.7

 
(a)
Acquisition-related expenses relate primarily to transaction costs on potential and consummated acquisitions, integration costs of newly acquired entities, and stock-based compensation expense related to the fair value changes of hybrid instruments.
(b)
The Information technology (“IT”) transformation costs are related to an IT transformation initiative that is a multi-year project aimed at updating and integrating our global enterprise resource planning and human resource information systems.