Other Operating Income (Expense), net (Tables)

9 Months Ended

Sep. 30, 2024

Unusual or Infrequent Items, or Both [Abstract]

Schedule of Other Operating Income (Expense)

We have recorded incurred charges or realized benefits that we believe are significant to our current operating results warranting separate classification in other operating income (expense), net.

	Three Months Ended				Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
	(In millions)
Restructuring(1)
Employee-related charges	$	(2.2)	$	(1.6)	$	(1.1)	$	(1.9)
Asset abandonment and other restructuring costs	(21.9)		0.1		(21.9)		0.1
Intangible and tangible asset impairments, excluding goodwill	—		(0.1)		—		(0.1)
Gains (losses) on disposals and other(1)(2)	(41.7)		(11.1)		(36.4)		(11.1)
Other operating income (expense), net	$	(65.8)	$	(12.7)	$	(59.4)	$	(13.0)

(1)During the three months ended September 30, 2024, we made the decision to wind down or sell certain of our U.S. craft businesses and related facilities and recorded employee-related and asset abandonment charges, including accelerated depreciation in excess of normal depreciation. We recognized a loss of $41.1 million related to the disposal of the sold businesses. We expect to continue to incur incremental restructuring charges during the fourth quarter of 2024 and the first quarter of 2025 through completion of wind down and closure of certain remaining U.S. craft facilities. Remaining charges are estimated to total approximately $95 million to $115 million, consisting primarily of accelerated depreciation charges.

(2)During the three months ended September 30, 2023, we sold our 57.5% controlling interest in Truss LP ("Truss") in Canada to Tilray Brands and recognized a loss of $11.1 million upon deconsolidation of the business.