Restructuring

3 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

2. RESTRUCTURING

In May 2024, we adopted and announced a targeted restructuring plan (the "Restructuring Plan"). The Restructuring Plan includes a strategic shift in our approach to the Healthcare surgical business in Europe, as well as other actions including the impairment of an internally developed X-ray accelerator, product rationalizations and facility consolidations. Approximately 300 positions have been eliminated. These restructuring actions were designed to enhance profitability and improve efficiency. As of March 31, 2026, the execution of our Restructuring Plan was substantially complete.

During the three months ended June 30, 2026, we did not incur any expenses related to the Restructuring Plan. The following table summarizes our total pre-tax restructuring expenses recorded during the three months ended June 30, 2025 related to the Restructuring Plan:


(in millions)	Three Months Ended June 30,
Restructuring Plan		2025
Severance and other compensation related (credits) costs		$	1.7


Accelerated depreciation and amortization		0.1
Total Restructuring Expense		$	1.8

The Restructuring Plan expenses incurred during the three months ended June 30, 2025 primarily related to actions taken within our Healthcare and AST segments. Total pre-tax restructuring expense of $110.1 million has been recorded relating to the Restructuring Plan since inception, of which $33.9 million has been recorded in Cost of revenues.

Liabilities related to restructuring activities are recorded as current liabilities in the accompanying Consolidated Balance Sheets within "Accrued payroll and other related liabilities" and "Accrued expenses and other." The following table summarizes our restructuring liability balances:


(in millions)	Restructuring Plan
Balance at March 31, 2026	$	7.1
Fiscal 2027 charges, net	—
Payments	(2.5)
Balance at June 30, 2026	$	4.6