Restructuring, Business Transformation and Other Cost Saving Initiatives (Tables)

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

Charges and spending related to our 2023 and 2022 workforce reductions are summarized as follows:

	Workforce Reductions
(In millions)	2023		2022
Restructuring reserve as of December 31	$	35.9	$	—
Expense	7.1		27.7
Payment	(15.6)		(6.2)
Foreign currency and other adjustments	0.6		—
Restructuring reserve as of March 31	28.0		21.5
Expense	17.8		60.9
Payment	(13.4)		(29.7)
Foreign currency and other adjustments	(0.1)		(0.5)
Restructuring reserve as of June 30	$	32.3	$	52.2

Restructuring and Related Costs

Total charges incurred from our 2023 cost saving initiatives are summarized as follows:

	For the Three Months Ended June 30, 2023						For the Six Months Ended June 30, 2023
(In millions)	Severance Costs		Accelerated Depreciation and Other Costs		Total		Severance Costs		Accumulated Depreciation and Other Costs		Total
Selling, general and administrative	$	—	$	11.5	$	11.5	$	—	$	11.5	$	11.5
Research and development	—		0.5		0.5		—		0.5		0.5
Restructuring charges	17.8		16.5		34.3		24.9		16.5		41.4
Total charges	$	17.8	$	28.5	$	46.3	$	24.9	$	28.5	$	53.4

Total charges incurred from our 2022 cost saving initiatives are summarized as follows:

	For the Three Months Ended June 30,
	2023						2022
(In millions)	Severance Costs		Accelerated Depreciation and Other Costs		Total		Severance Costs		Accumulated Depreciation and Other Costs		Total
Restructuring charges	$	—	$	0.1	$	0.1	$	60.9	$	9.7	$	70.6
Total charges	$	—	$	0.1	$	0.1	$	60.9	$	9.7	$	70.6
	For the Six Months Ended June 30,
	2023						2022
(In millions)	Severance Costs		Accelerated Depreciation and Other Costs		Total		Severance Costs		Accumulated Depreciation and Other Costs		Total
Restructuring charges	$	—	$	2.6	$	2.6	$	88.6	$	20.1	$	108.7
Total charges	$	—	$	2.6	$	2.6	$	88.6	$	20.1	$	108.7