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Accounts payable and accrued liabilities
3 Months Ended
Mar. 31, 2024
Payables and Accruals [Abstract]  
Accounts payable and accrued liabilities Accounts payable and accrued liabilities
As atMarch 31, 2024December 31, 2023
Accounts payable$125.2 $134.5 
Accrued expenses23.8 14.5 
Accrued compensation8.0 3.1 
Total accounts payable and accrued liabilities
$157.0 $152.1 
Non-current accounts payable(6.6) 
Current accounts payable and accrued liabilities$150.4 $152.1 
During the three months ended March 31, 2024, and as part of the Cash Preservation Plan, the Company reached agreements with certain suppliers to extend the payment terms for the amounts invoiced beyond one year. The Company recorded these amounts as non-current accounts payable in the unaudited condensed consolidated interim balance sheet as of March 31, 2024.
On March 25, 2024, the Board approved plans to reduce approximately 17% of its workforce, primarily at the corporate level, as part of the Company’s ongoing efforts to right size and right shape its organization as part of the Cash Preservation Plan.
The workforce reduction provides certain executives and non-executives with contractual termination benefits as well as one-time termination benefits. The Company recorded an expense of $0.4 million in cost of sales and $5.1 million in selling, general and administrative expense in the Unaudited condensed consolidated interim statements of operations and comprehensive loss for the three months ended March 31, 2024 for contractual termination benefits that are considered severance benefits plans as they are both probable and reasonably estimable as of March 31, 2024 under ASC 712 - Exit or Disposal Cost Obligations. No amounts were recorded for one-time termination benefits since they had not been accepted by the employees as of March 31, 2024.