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Restructuring (Tables)
6 Months Ended
Jun. 30, 2022
Restructuring And Related Activities [Abstract]  
Summary of Liabilities Recognized Related to Restructuring Plan The following table summarizes the liabilities recognized related to the 2021 Restructuring Plan (in millions):

 

 

 

Employee

 

 

 

 

 

 

 

 

 

 

 

 

Termination

 

 

Contract

 

 

 

 

 

 

 

 

 

Benefits

 

 

Terminations

 

 

Other

 

 

Total

 

Expenses incurred in the three months ended June 30, 2022

 

$

9.3

 

 

$

25.1

 

 

$

6.0

 

 

$

40.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2021

 

$

19.5

 

 

$

2.3

 

 

$

10.3

 

 

$

32.1

 

Expenses incurred in the six months ended June 30, 2022

 

 

30.6

 

 

 

28.5

 

 

 

11.2

 

 

 

70.3

 

Cash payments

 

 

(47.7

)

 

 

(17.7

)

 

 

(19.4

)

 

 

(84.8

)

Foreign currency exchange rate changes

 

 

(0.2

)

 

 

(0.3

)

 

 

-

 

 

 

(0.5

)

Balance, June 30, 2022

 

$

2.2

 

 

$

12.8

 

 

$

2.1

 

 

$

17.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense incurred since the start of the 2021 Restructuring Plan

 

$

50.1

 

 

$

30.8

 

 

$

21.5

 

 

$

102.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense estimated to be recognized for the 2021 Restructuring Plan

 

$

65.0

 

 

$

140.0

 

 

$

25.0

 

 

$

230.0

 

The following table summarizes the liabilities recognized related to the 2019 Restructuring Plan (in millions):

 

 

 

Employee

 

 

 

 

 

 

 

 

 

 

 

 

Termination

 

 

Contract

 

 

 

 

 

 

 

 

 

Benefits

 

 

Terminations

 

 

Other

 

 

Total

 

Expenses incurred in the three months ended June 30, 2022

 

$

0.2

 

 

$

0.1

 

 

$

10.2

 

 

$

10.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2021

 

$

14.8

 

 

$

16.5

 

 

$

-

 

 

$

31.3

 

Expenses incurred in the six months ended June 30, 2022

 

 

(0.3

)

 

 

1.2

 

 

 

19.6

 

 

 

20.5

 

Cash payments

 

 

(1.2

)

 

 

(5.4

)

 

 

(10.0

)

 

 

(16.6

)

Foreign currency exchange rate changes

 

 

(0.4

)

 

 

(0.1

)

 

 

(0.2

)

 

 

(0.7

)

Balance, June 30, 2022

 

$

12.9

 

 

$

12.2

 

 

$

9.4

 

 

$

34.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense incurred since the start of the 2019 Restructuring Plan

 

$

78.9

 

 

$

35.5

 

 

$

114.1

 

 

$

228.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense estimated to be recognized for the 2019 Restructuring Plan

 

$

175.0

 

 

$

40.0

 

 

$

145.0

 

 

$

360.0