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Restructuring (Tables)
9 Months Ended
Sep. 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 September 30, 2022

 

$

10.4

 

 

$

10.7

 

 

$

1.4

 

 

$

22.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2021

 

$

19.5

 

 

$

2.3

 

 

$

10.3

 

 

$

32.1

 

Expenses incurred in the nine months ended September 30, 2022

 

 

41.0

 

 

 

39.2

 

 

 

12.6

 

 

 

92.8

 

Cash payments

 

 

(48.3

)

 

 

(22.7

)

 

 

(20.1

)

 

 

(91.1

)

Foreign currency exchange rate changes

 

 

(0.2

)

 

 

(0.1

)

 

 

-

 

 

 

(0.3

)

Balance, September 30, 2022

 

$

12.0

 

 

$

18.7

 

 

$

2.8

 

 

$

33.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense incurred since the start of the 2021 Restructuring Plan

 

$

60.5

 

 

$

41.5

 

 

$

22.9

 

 

$

124.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense estimated to be recognized for the 2021 Restructuring Plan

 

$

70.0

 

 

$

100.0

 

 

$

50.0

 

 

$

220.0

 

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 September 30, 2022

 

$

1.8

 

 

$

0.1

 

 

$

6.6

 

 

$

8.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2021

 

$

14.8

 

 

$

16.5

 

 

$

-

 

 

$

31.3

 

Expenses incurred in the nine months ended September 30, 2022

 

 

1.5

 

 

 

1.3

 

 

 

26.2

 

 

 

29.0

 

Cash payments

 

 

(2.9

)

 

 

(6.6

)

 

 

(12.4

)

 

 

(21.9

)

Foreign currency exchange rate changes

 

 

(2.3

)

 

 

(0.9

)

 

 

(1.0

)

 

 

(4.2

)

Balance, September 30, 2022

 

$

11.1

 

 

$

10.3

 

 

$

12.8

 

 

$

34.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense incurred since the start of the 2019 Restructuring Plan

 

$

80.7

 

 

$

35.6

 

 

$

120.7

 

 

$

237.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense estimated to be recognized for the 2019 Restructuring Plan

 

$

160.0

 

 

$

35.0

 

 

$

180.0

 

 

$

375.0