Restructuring (Tables)

3 Months Ended

Mar. 31, 2026

Restructuring and Related Activities [Abstract]

Summary of Liabilities Recognized Related to Restructuring Plan

The following table summarizes the liabilities recognized related to the 2025 Restructuring Plan (in millions):

	Employee
	Termination			Contract
	Benefits			Terminations			Other			Total
Expenses incurred in the three months ended March 31, 2026	$	2.3		$	0.3		$	3.7		$	6.3
Balance, December 31, 2025	$	91.5		$	5.0		$	3.1		$	99.6
Expenses incurred in the three months ended March 31, 2026		2.3			0.3			3.7			6.3
Cash payments		(31.6	)		(0.5	)		(4.1	)		(36.2	)
Foreign currency exchange rate changes		(0.9	)		-			-			(0.9	)
Balance, March 31, 2026	$	61.3		$	4.8		$	2.7		$	68.8
Expense incurred since the start of the 2025 Restructuring Plan	$	123.6		$	7.6		$	11.9		$	143.1
Expense estimated to be recognized for the 2025 Restructuring Plan	$	130.0		$	10.0		$	15.0		$	155.0

We do not include restructuring charges in the operating profit of our reportable segments. We report the expenses for other cost reduction and optimization initiatives in our “Restructuring and other cost reduction initiatives” financial statement line item because

these activities also have the goal of reducing costs across the organization. However, since the cost reduction and optimization initiative expenses are not considered restructuring, they have been excluded from the amounts presented in this note.