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Restructuring Costs
 3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Costs

(6) Restructuring Costs

During the three months ended March 31, 2025, we recorded $15.8 in restructuring costs. During the three months ended March 31, 2024, we did not record any restructuring costs. Payments made from the restructuring reserve were $12.3 during the three months ended March 31, 2025. 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 $49.0 reserve will be paid by the end of 2025.

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, 2024

 

$

5.7

 

 

$

4.4

 

 

$

32.1

 

 

$

2.4

 

 

$

1.9

 

 

$

46.5

 

Severance costs

 

 

—

 

 

 

3.5

 

 

 

11.3

 

 

 

—

 

 

 

—

 

 

 

14.8

 

Lease costs(c)

 

 

—

 

 

 

—

 

 

 

1.0

 

 

 

—

 

 

 

—

 

 

 

1.0

 

Non-cash charges

 

 

—

 

 

 

—

 

 

 

(1.0

)

 

 

—

 

 

 

—

 

 

 

(1.0

)

Costs paid

 

 

(2.6

)

 

 

(1.2

)

 

 

(8.3

)

 

 

(0.2

)

 

 

—

 

 

 

(12.3

)

Balance, March 31, 2025

 

$

3.1

 

 

$

6.7

 

 

$

35.1

 

 

$

2.2

 

 

$

1.9

 

 

$

49.0

 
(a)
Balances related to the United States were $4.0 and $2.2 as of December 31, 2024 and March 31, 2025, respectively.
(b)
Balances related to France were $1.2 as of both December 31, 2024 and March 31, 2025. Balances related to Italy were $2.0 and $1.8 as of December 31, 2024 and March 31, 2025, 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.