Restructuring

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring

RESTRUCTURING

In accordance with the applicable guidance for ASC 712, Nonretirement Postemployment Benefits, we accounted for termination benefits and recognized liabilities when the loss was considered probable that employees were entitled to benefits and the amounts could be reasonably estimated.

During the three and six months ended June 30, 2022 and 2021, we incurred costs for termination benefits of $3.4 million, $5.8 million, $22.5 million and $27.0 million, respectively. The majority of our termination benefits are recorded within other operating charges in the condensed consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 24 months.

The following table summarizes the activity related to termination benefit reserves and expenses from December 31, 2021 to June 30, 2022:

	2022 Activity
Balance at December 31, 2021	$	57.5
Expenses, net of changes to estimates	5.8
Payments made	(21.9)
Foreign currency translation	(2.6)
Balance at June 30, 2022	$	38.8