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

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

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

	For the Three Months Ended March 31,
	2024
(In millions)	Severance Costs		Accelerated Depreciation and Other Costs		Total
Selling, general and administrative	$	—	$	1.4	$	1.4
Research and development	—		4.9		4.9
Restructuring charges	9.3		—		9.3
Total charges	$	9.3	$	6.3	$	15.6

Total charges incurred from our Reata integration are summarized as follows:

	For the Three Months Ended March 31,
	2024
(In millions)	Severance Costs		Accelerated Depreciation and Other Costs		Total
Selling, general and administrative	$	—	$	1.8	$	1.8
Research and development	—		2.7		2.7
Restructuring charges	2.2		—		2.2
Total charges	$	2.2	$	4.5	$	6.7

Schedule of Restructuring Reserve by Type of Cost

Charges and spending related to workforce reductions from our 2023 Fit for Growth program and Reata Integration are summarized as follows:

	For the Three Months Ended March 31,
(In millions)	2024		2023
Restructuring reserve as of December 31	$	75.4	$	35.9
Expense	11.5		7.1
Payment	(42.2)		(15.6)
Foreign currency and other adjustments	0.8		0.6
Restructuring reserve as of March 31	$	45.5	$	28.0