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Restructuring (Tables)
12 Months Ended
Dec. 31, 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

 

Balance, December 31, 2020

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Additions

 

 

19.5

 

 

 

2.3

 

 

 

10.3

 

 

 

32.1

 

Cash payments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Foreign currency exchange rate changes

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Balance, December 31, 2021

 

 

19.5

 

 

 

2.3

 

 

 

10.3

 

 

 

32.1

 

Additions

 

 

33.6

 

 

 

49.5

 

 

 

16.6

 

 

 

99.7

 

Cash payments

 

 

(43.4

)

 

 

(27.8

)

 

 

(23.9

)

 

 

(95.1

)

Foreign currency exchange rate changes

 

 

0.8

 

 

 

1.0

 

 

 

0.1

 

 

 

1.9

 

Balance, December 31, 2022

 

$

10.5

 

 

$

25.0

 

 

$

3.1

 

 

$

38.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense incurred since the start of the 2021 Restructuring Plan

 

$

53.1

 

 

$

51.8

 

 

$

26.9

 

 

$

131.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Balance, December 31, 2019

 

 

22.3

 

 

 

-

 

 

 

4.1

 

 

 

26.4

 

Additions

 

49.6

 

 

 

15.8

 

 

 

33.1

 

 

 

98.5

 

Cash payments

 

 

(35.5

)

 

 

(4.9

)

 

 

(22.1

)

 

 

(62.5

)

Foreign currency exchange rate changes

 

 

1.4

 

 

 

-

 

 

 

-

 

 

 

1.4

 

Balance, December 31, 2020

 

 

37.8

 

 

 

10.9

 

 

 

15.1

 

 

 

63.8

 

Additions

 

 

7.3

 

 

 

18.5

 

 

 

49.2

 

 

 

75.0

 

Cash payments

 

 

(28.7

)

 

 

(12.9

)

 

 

(64.2

)

 

 

(105.8

)

Foreign currency exchange rate changes

 

 

(1.6

)

 

 

-

 

 

 

(0.1

)

 

 

(1.7

)

Balance, December 31, 2021

 

$

14.8

 

 

$

16.5

 

 

$

-

 

 

$

31.3

 

Additions

 

 

29.1

 

 

 

0.7

 

 

 

40.1

 

 

 

69.9

 

Cash payments

 

 

(13.4

)

 

 

(7.3

)

 

 

(33.3

)

 

 

(54.0

)

Foreign currency exchange rate changes

 

 

(1.6

)

 

 

(0.9

)

 

 

(0.4

)

 

 

(2.9

)

Balance, December 31, 2022

 

$

28.9

 

 

$

9.0

 

 

$

6.4

 

 

$

44.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense incurred since the start of the 2019 Restructuring Plan

 

$

108.3

 

 

$

35.0

 

 

$

134.6

 

 

$

277.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense estimated to be recognized for the 2019 Restructuring Plan

 

$

160.0

 

 

$

35.0

 

 

$

180.0

 

 

$

375.0