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Restructuring and Other Costs
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Costs Restructuring and Other Costs
In February 2024, we approved and initiated a global restructuring initiative designed to better align our assets and further improve the efficiency of the business. This initiative included an announced voluntary retirement offer in the U.S. in 2024, along with a rationalization and optimization of certain distribution centers, stores and other facilities. The initiative was approved and funded by our corporate office and therefore these costs are not allocated to our segments.
For the six months ended June 30, 2025, we incurred $100 million in restructuring and other costs, compared to $113 million in the prior year period. We expect to incur total costs up to $210 million related to the global restructuring efforts in 2025 and to substantially complete the initiative by the end of 2025. In total, we expect to incur costs of between $400 million and $430 million related to our global restructuring initiative in 2024 and 2025. We may incur additional charges not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of these initiatives.
The tables below summarize the activity related to the restructuring costs discussed above.
(in thousands)Severance and other employee costs
Other restructuring costs (1)
Total
Liability as of January 1, 2025$23,830 $926 $24,756 
Restructuring and other costs36,600 63,882 100,482 
Cash payments(31,249)(57,268)(88,517)
Non-cash charges— (5,778)(5,778)
Translation1,847 41 1,888 
Liability as of June 30, 2025$31,028 $1,803 $32,831 
(in thousands)Severance and other employee costs
Other restructuring costs (1)
Total
Liability as of January 1, 2024$— $— $— 
Restructuring and other costs65,954 46,848 112,802 
Cash payments(41,277)(32,872)(74,149)
Non-cash charges3,094 (12,844)(9,750)
Translation(90)2 (88)
Liability as of June 30, 2024$27,681 $1,134 $28,815 
(1) Amount reflects professional fees, accelerated rent, facility closure costs, moving expenses and asset impairment costs that are attributable to our restructuring.