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Restructuring
9 Months Ended
Sep. 30, 2022
Restructuring  
Restructuring

NOTE 17—RESTRUCTURING

Refer to the Annual Report for further details regarding the Company’s previously announced restructuring activities included in the tables below. Restructuring charges are included within “Selling, general and administrative expenses” in the condensed consolidated statements of operations.

The following table provides detail of the Company’s restructuring charges for the three and nine months ended September 30, 2022 and 2021:

Three Months Ended

Nine Months Ended

Cumulative

September 30, 

September 30, 

Life-to-date

2022

    

2021

2022

    

2021

Charges

    

Segment

Transformational Restructuring Program

Employee termination benefits

$

$

0.3

$

0.1

$

6.4

$

8.8

N/A(1)

Transformational Restructuring Program Subtotal

$

$

0.3

$

0.1

$

6.4

$

8.8

Other Restructurings

(0.1)

(1.1)

Various

Total Restructuring Charges

$

$

0.2

$

(1.0)

$

6.4

(1)In May 2021, the Company approved a transformational restructuring program associated with the Company’s recent strategic initiatives. The Company expects to incur incremental employee termination benefit charges related to impacted employees as of September 30, 2022 of less than $1.0 million, the majority of which are expected to be paid by December 31, 2022. As this was identified as a corporate-related activity, the charges related to this restructuring program were not allocated to a specific segment, but rather included within corporate unallocated.

The following table provides a roll forward of the liability balances associated with the Company’s restructuring activities as of September 30, 2022. Employee termination benefit and contract termination charges are primarily recorded within “Accrued expenses and other current liabilities” in the condensed consolidated balance sheets.

    

Balance at

    

    

    

Balance at

 

    

December 31, 2021

    

Expenses 

    

Deductions(1)

    

September 30, 2022

  

Employee termination benefits

$

10.0

$

(1.4)

$

(4.4)

$

4.2

Decommissioning and other

 

 

0.1

 

(0.1)

 

Total

$

10.0

$

(1.3)

$

(4.5)

$

4.2

(1)Primarily includes payments made against the existing accrual, as well as immaterial impacts of foreign currency remeasurement.