Restructuring and Other (Income) Charges, net (Tables)

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

Detail on the restructuring charges and other (income) charges, net, is provided below.

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2025		2024		2025		2024
Restructuring charges	$	21.9	$	10.0	$	34.2	$	72.3
Other (income) charges, net	—		3.1		—		3.6
Total Restructuring and other (income) charges, net	$	21.9	$	13.1	$	34.2	$	75.9

Restructuring Charges

In millions	Severance and other employee-related costs		Other charges (income) (1)		Asset disposal charges (2)		Total
Performance Chemicals repositioning	$	—	$	8.9	$	3.3	$	12.2
Other (3)	1.7		3.7		4.3		9.7
Three Months Ended June 30, 2025	$	1.7	$	12.6	$	7.6	$	21.9
Performance Chemicals repositioning	$	1.0	$	7.2	$	1.8	$	10.0
Three Months Ended June 30, 2024	$	1.0	$	7.2	$	1.8	$	10.0
In millions	Severance and other employee-related costs		Other charges (income) (1)		Asset disposal charges (2)		Total
Performance Chemicals repositioning	$	—	$	20.1	$	3.2	$	23.3
Other (3)	2.5		4.0		4.4		10.9
Six Months Ended June 30, 2025	$	2.5	$	24.1	$	7.6	$	34.2
Performance Chemicals repositioning	$	3.1	$	12.4	$	56.8	$	72.3
Six Months Ended June 30, 2024	$	3.1	$	12.4	$	56.8	$	72.3
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(1) Primarily represents costs associated with contract terminations, plant and equipment decommissioning charges and other miscellaneous exit costs.

(2) Primarily represents property, plant and equipment and finite-lived intangible asset write-downs, accelerated depreciation and amortization, and impairment charges on certain assets, which were or are to be disposed of or abandoned. Also included, to the extent incurred, the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations related to asset disposal charges that are included within restructuring charges.

(3) During 2024 and 2025, we took further steps to streamline our cost structure and improve profitability, resulting in additional restructuring charges for the three and six months ended June 30, 2025 of $9.7 million and $10.9 million, respectively.

Schedule of Restructuring Reserve by Type of Cost

The following table shows a roll forward of restructuring reserves that will result in cash spending, the majority of which relate to the Performance Chemicals repositioning.

	Balance at		Change in	Cash		Balance at
In millions	12/31/2024 (1)		Reserve (2)	Payments	Other (3)	6/30/2025 (1)
Severance and other employee-related costs	$	4.2	2.5	(4.7)	—	$	2.0
Other charges (income)	0.9		24.1	(18.4)		6.6
Restructuring	5.1		26.6	(23.1)	—	8.6
Other (income) charges, net	—		—	—	—	—
Restructuring and Other (income) charges, net reserves	$	5.1	26.6	(23.1)	—	$	8.6

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(1) Included in "Accrued expenses" on the condensed consolidated balance sheets.

(2) Includes severance and other employee-related costs, exited leases, CTO supply contract terminations and other miscellaneous exit costs. Any asset write-downs including accelerated depreciation and impairment charges are not included in the above table.

(3) Primarily foreign currency translation adjustments.