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

(6) Restructuring Costs

 

During the six months ended June 30, 2024, we did not record any restructuring costs. During the six months ended June 30, 2023, we recorded $21.1 in restructuring costs. During the six months ended June 30, 2024, we made payments of $51.0 out of our restructuring reserve, which is used for severance, office closures and consolidations, and professional and other fees related to restructuring in multiple countries and territories. We expect a majority of the remaining $39.0 reserve will be paid by the end of 2024.

 

Changes in the restructuring reserve by reportable segment and Corporate are shown below:

 

 

Americas(a)

 

 

Southern
Europe(b)

 

 

Northern
Europe

 

 

APME

 

 

Corporate

 

 

Total

 

Balance, December 31, 2023

 

$

4.8

 

 

$

5.9

 

 

$

78.9

 

 

$

0.4

 

 

$

—

 

 

$

90.0

 

Costs paid

 

 

(3.2

)

 

 

(4.4

)

 

 

(43.2

)

 

 

(0.2

)

 

 

—

 

 

 

(51.0

)

Balance, June 30, 2024

 

$

1.6

 

 

$

1.5

 

 

$

35.7

 

 

$

0.2

 

 

$

—

 

 

$

39.0

 
(a)
Balances related to the United States were $3.7 and $0.9 as of December 31, 2023 and June 30, 2024, respectively.
(b)
Balances related to France were $2.5 and 0.7 as of December 31, 2023 and June 30, 2024, respectively. Balances related to Italy were $1.0 and $0.5 as of December 31, 2023 and June 30, 2024, respectively.