XML 83 R13.htm IDEA: XBRL DOCUMENT v3.25.4
Restructuring Charges
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
During the years ended December 31, 2025, 2024 and 2023, we recorded restructuring charges of $3.9 million, $6.4 million and $9.9 million, respectively. These charges were primarily related to our ongoing initiatives to adjust our cost structure, improve productivity, and right-size the organization in response to macroeconomic conditions.
Americas segment restructuring charges of $1.2 million during the year ended December 31, 2025, were to right-size the organization in response to macroeconomic conditions. International segment restructuring charges of $1.7 million during the year ended December 31, 2025, were related to ongoing initiatives to optimize our manufacturing footprint and right-size the organization in response to macroeconomic conditions. Corporate related restructuring charges of $1.0 million during the year ended December 31, 2025, were to right-size the organization in response to macroeconomic conditions.
Americas segment restructuring charges of $1.6 million during the year ended December 31, 2024, were related to manufacturing footprint optimization activities. International segment restructuring charges of $3.5 million during the year ended December 31, 2024, were related to ongoing initiatives to optimize our manufacturing footprint and improve productivity as well as management restructuring. Corporate related restructuring charges of $1.3 million during the year ended December 31, 2024, were related to management restructuring.
Americas segment restructuring charges of $3.1 million during the year ended December 31, 2023, were related to manufacturing footprint optimization activities. International segment restructuring charges of $4.7 million during the year ended December 31, 2023, were related to ongoing initiatives to drive profitable growth and improve productivity. Corporate related restructuring charges of $2.1 million during the year ended December 31, 2023, were related to footprint optimization activities and management restructuring.
Activity and reserve balances for restructuring charges were as follows:
(in millions)Americas segmentInternational segmentCorporateTotal
Reserve balances at January 1, 2023$1.7 $12.8 $0.5 $15.0 
Restructuring charges3.1 4.7 2.1 9.9 
Currency translation and other adjustments(0.1)0.1 — — 
Cash payments / utilization(3.9)(8.6)(2.6)(15.1)
Reserve balances at December 31, 2023$0.8 $9.0 $— $9.8 
Restructuring charges1.6 3.5 1.3 6.4 
Currency translation and other adjustments(0.1)(0.3)— (0.4)
Cash payments / utilization(2.1)(9.0)(1.3)(12.4)
Reserve balances at December 31, 2024$0.2 $3.2 $— $3.4 
Restructuring charges1.2 1.7 1.0 3.9 
Currency translation and other adjustments— 0.4 — 0.4 
Cash payments / utilization(0.6)(2.8)(1.0)(4.4)
Reserve balances at December 31, 2025$0.8 $2.5 $— $3.3 
Restructuring reserves at December 31, 2025 and 2024 are included in Other current liabilities in our Consolidated Balance Sheets.