XML 49 R29.htm IDEA: XBRL DOCUMENT v3.25.3
Impairment and restructuring charges (Tables)
 9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Impairment of Long-Lived Assets Held and Used by Asset
The table below presents the total impairment charge by asset class for the nine months ended September 30, 2024:
Nine Months Ended September 30,
2024
Buildings, building improvements and leasehold improvements$7.8 
Furniture and equipment14.1 
Software0.2 
Construction-in-progress5.1 
Total impairment of long-lived assets$27.2 
Schedule of Restructuring and Related Costs
The following table presents the total restructuring costs related to the January 2023 Plan, August 2023 Plan, May 2024 Plan and August 2024 Plan by reportable segment as well as amounts included within non-reportable segments, unallocated corporate selling, general and administrative (“SG&A”) expense and research and development (“R&D”) expense:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Segment restructuring costs:
MCM Products$0.2 $4.9 $(1.0)$7.5 
All other segments
— 0.1 — 0.3 
Total restructuring costs included in Cost of product and services sales, net$0.2 $5.0 $(1.0)$7.8 
Corporate restructuring costs:
SG&A$0.1 $0.7 $(0.5)$9.2 
R&D— 0.6 (0.6)5.9 
Total restructuring costs$0.3 $6.3 $(2.1)$22.9 
The following table presents the total restructuring costs related to the January 2023 Plan, August 2023 Plan, May 2024 Plan and August 2024 Plan by function:
Three Months Ended September 30, Nine Months Ended September 30,
2025202420252024
Employee transition$— $0.1 $— $0.3 
Severance payments— 5.0 (1.3)19.3 
Employee benefits0.3 1.2 (0.8)3.3 
Total restructuring costs$0.3 $6.3 $(2.1)$22.9 
Schedule of Restructuring Reserve by Type of Cost The following table provides the components of and changes in the Company’s restructuring accrual for the January 2023 Plan during the three and nine months ended September 30, 2024:
Employee TransitionSeverance PaymentsEmployee BenefitsTotal
Balance at December 31, 2023$— $1.4 $— $1.4 
Cash payments— (1.3)— (1.3)
Balance at March 31, 2024$— $0.1 $— $0.1 
Cash payments— (0.1)— (0.1)
Balance at June 30, 2024$— $— $— $— 
Balance at September 30, 2024$— $— $— $— 
The following table provides the components of and changes in the Company’s restructuring accrual for the August 2023 Plan during the three and nine months ended September 30, 2024:
Employee TransitionSeverance PaymentsEmployee BenefitsTotal
Balance at December 31, 2023$— $5.3 $0.1 $5.4 
Accruals— (0.5)— (0.5)
Cash payments— (3.6)— (3.6)
Balance at March 31, 2024$— $1.2 $0.1 $1.3 
Accruals— (0.1)— (0.1)
Cash payments— (0.5)(0.1)(0.6)
Balance at June 30, 2024$— $0.6 $— $0.6 
Cash payments— (0.3)— (0.3)
Balance at September 30, 2024$— $0.3 $— $0.3 
The following tables provide the components of and changes in the Company’s restructuring accrual for the May 2024 Plan during the three and nine months ended September 30, 2025, and the three and nine months ended September 30, 2024:
Employee TransitionSeverance PaymentsEmployee BenefitsTotal
Balance at December 31, 2024$— $4.5 $0.8 $5.3 
Accruals— — (0.7)(0.7)
Cash payments— (2.7)(0.1)(2.8)
Balance at March 31, 2025$— $1.8 $— $1.8 
Accruals— (0.9)— (0.9)
Cash payments— (0.8)— (0.8)
Balance at June 30, 2025$— $0.1 $— $0.1 
Accruals— — 0.3 0.3 
Cash payments— (0.1)(0.3)(0.4)
Balance at September 30, 2025$— $— $— $— 
Employee TransitionSeverance PaymentsEmployee BenefitsTotal
Balance at December 31, 2023$— $— $— $— 
Balance at March 31, 2024$— $— $— $— 
Accruals0.2 14.8 2.2 17.2 
Cash payments(0.2)— — (0.2)
Balance at June 30, 2024$— $14.8 $2.2 $17.0 
Accruals— 2.3 0.5 2.8 
Cash payments— (6.3)(0.7)(7.0)
Balance at September 30, 2024$— $10.8 $2.0 $12.8 
The following tables provide the components of and changes in the Company’s restructuring accrual for the August 2024 Plan during the three and nine months ended September 30, 2025, and the three and nine months ended September 30, 2024:
Employee TransitionSeverance PaymentsEmployee BenefitsTotal
Balance at December 31, 2024$— $1.9 $0.5 $2.4 
Accruals— (0.2)(0.4)(0.6)
Cash payments— (1.1)(0.1)(1.2)
Balance at March 31, 2025$— $0.6 $— $0.6 
Accruals— (0.2)— (0.2)
Cash payments— (0.4)— (0.4)
Balance at June 30, 2025$— $— $— $— 
Balance at September 30, 2025$— $— $— $— 
Employee TransitionSeverance PaymentsEmployee BenefitsTotal
Balance at December 31, 2023$— $— $— $— 
Balance at March 31, 2024$— $— $— $— 
Balance at June 30, 2024$— $— $— $— 
Accruals0.1 2.7 0.7 3.5 
Cash payments(0.1)— — (0.1)
Balance at September 30, 2024$— $2.7 $0.7 $3.4