Restructuring Costs

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Restructuring Costs

(6) Restructuring Costs

During the three and nine months ended September 30, 2024, we recorded $37.6 in restructuring costs. During the three and nine months ended September 30, 2023, we recorded $38.1 and $59.2, respectively, in restructuring costs. Payments made from the restructuring reserve were $19.7 and $70.7 during the three and nine months ended September 30, 2024, respectively. We use our restructuring reserve for severance, office closures, office consolidations, and professional and other fees related to restructuring in multiple countries and territories.

We expect a majority of the remaining $53.9 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
Severance costs		4.4			3.3			24.1			2.3			—		34.1
Lease costs(c)		0.4			0.1			2.5			—			—		3.0
Other costs		—			0.4			0.1			—			—		0.5
Non-cash charges		(0.4	)		(0.1	)		(2.5	)		—			—		(3.0	)
Costs paid		(4.2	)		(4.6	)		(61.6	)		(0.3	)		—		(70.7	)
Balance, September 30, 2024	$	5.0		$	5.0		$	41.5		$	2.4		$	—	$	53.9

(a)Balances related to the United States were $3.7 and $3.2 as of December 31, 2023 and September 30, 2024, respectively.

(b)Balances related to France were $2.5 and $3.0 as of December 31, 2023 and September 30, 2024, respectively. Balances related to Italy were $1.0 and $0.5 as of December 31, 2023 and September 30, 2024, respectively.

(c) Liabilities related to exited leased facilities are recorded within our short-term and long-term operating lease liabilities within our Consolidated Balance Sheets.