Other Charges, Net

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Other Charges, Net

9.Other Charges, Net

The components of other charges, net are as follows (in millions):

	Three Months Ended March 31,
	2025		2024
Acquisition-related expenses, net (a)	$	6.2	$	4.1
Acquisition-related litigation charges		18.6		—
Restructuring charges		7.6		3.5
Information technology transformation costs (b)		3.0		0.8
Other (c)		1.5		2.5
Other charges, net	$	36.9	$	10.9

(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.

(c)In connection with the BCA restructuring plan as it relates to the consolidation of leased BCA facilities, the Company recorded an immaterial impairment charge against operating lease right of use assets during the three month ended March 31, 2025, and recorded an impairment charge of $1.2 million during the three months ended March 31, 2024. Refer to Note 10, Restructurings and Asset Impairments of the Annual Report on Form 10K for the year ended December 31, 2024 for further information on the BCA restructuring plan.