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Restructuring and Severance
 6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Severance

11. Restructuring and Severance

Liabilities have been established for employee separations. A summary of activity in the restructuring and severance liability is shown below:

(dollars in millions)

 

Network

 

 

Corporate

 

 

Total

 

Balance as of December 31, 2023

 

$

9.7

 

 

$

0.5

 

 

$

10.2

 

Charges

 

 

0.2

 

 

 

—

 

 

 

0.2

 

Utilizations

 

 

(6.3

)

 

 

(0.1

)

 

 

(6.4

)

Balance as of March 31, 2024

 

$

3.6

 

 

$

0.4

 

 

$

4.0

 

Reversals

 

 

(0.3

)

 

 

—

 

 

 

(0.3

)

Utilizations

 

 

(3.2

)

 

 

(0.3

)

 

 

(3.5

)

Balance as of June 30, 2024

 

$

0.1

 

 

$

0.1

 

 

$

0.2

 

 

Restructuring and severance charges recorded as of December 31, 2023 and in the three months ended March 31, 2024 are related to a severance program as the Company continues to reduce costs and identify efficiencies that can be achieved by further integrating operations between Cincinnati and Hawaii. Programs are materially completed as of June 30, 2024.

At June 30, 2024 and December 31, 2023, $0.2 million and $10.2 million, respectively, of the restructuring liabilities were included in "Other current liabilities" on the Condensed Consolidated Balance Sheets.