Restructuring

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring

Note 15: Restructuring

The Company implemented certain cost savings initiatives in 2023 given the challenging macroeconomic conditions and operating environment, including reductions in headcount across select roles to help optimize our workforce. These actions continued through September 30, 2024. The restructuring charges recorded in Restructuring, impairment and related charges in the Consolidated Statements of Operations primarily reflect severance and other one-time employment related separation costs related to those headcount reductions.

The Company recognized restructuring charges of $21.5 million and $24.5 million during the years ended December 31, 2024 and 2023, respectively.

The following table details the Company’s restructuring activity for the years ended December 31, 2024 and 2023 (in millions):

	Americas		EMEA		APAC		Total
Balance as of December 31, 2022	$	2.4	$	2.8	$	0.5	$	5.7
Restructuring charges	13.6		8.3		2.6		24.5
Payments and other	(14.2)		(6.9)		(2.8)		(23.9)
Balance as of December 31, 2023	$	1.8	$	4.2	$	0.3	$	6.3
Restructuring charges	8.3		8.0		5.2		21.5
Payments and other	(8.6)		(10.2)		(4.4)		(23.2)
Balance as of December 31, 2024	$	1.5	$	2.0	$	1.1	$	4.6

The restructuring accruals of $4.6 million and $6.3 million were recorded within Other current liabilities in the Consolidated Balance Sheets as of December 31, 2024 and 2023, respectively.