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Restructuring (Tables)
3 Months Ended
Mar. 31, 2023
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, 2022

 

$

10.5

 

 

$

25.0

 

 

$

3.1

 

 

$

38.6

 

Expenses incurred in the three months ended March 31, 2023

 

 

2.4

 

 

 

14.3

 

 

 

1.5

 

 

 

18.2

 

Cash payments

 

 

(2.7

)

 

 

(10.4

)

 

 

(1.6

)

 

 

(14.7

)

Foreign currency exchange rate changes

 

 

0.1

 

 

 

0.5

 

 

 

-

 

 

 

0.6

 

Balance, March 31, 2023

 

$

10.3

 

 

$

29.4

 

 

$

3.0

 

 

$

42.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense incurred since the start of the 2021 Restructuring Plan

 

$

55.5

 

 

$

66.1

 

 

$

28.4

 

 

$

150.0

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2022

 

$

28.9

 

 

$

9.0

 

 

$

6.4

 

 

$

44.3

 

Expenses incurred in the three months ended March 31, 2023

 

 

-

 

 

 

-

 

 

 

6.1

 

 

 

6.1

 

Cash payments

 

 

(2.4

)

 

 

(1.0

)

 

 

(7.2

)

 

 

(10.6

)

Foreign currency exchange rate changes

 

 

-

 

 

 

-

 

 

 

0.1

 

 

 

0.1

 

Balance, March 31, 2023

 

$

26.5

 

 

$

8.0

 

 

$

5.4

 

 

$

39.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense incurred since the start of the 2019 Restructuring Plan

 

$

108.3

 

 

$

35.0

 

 

$

140.7

 

 

$

284.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Expense estimated to be recognized for the 2019 Restructuring Plan

 

$

160.0

 

 

$

35.0

 

 

$

180.0

 

 

$

375.0