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

9 Months Ended

Sep. 30, 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 September 30,
	2024						2023
(In millions)	Severance Costs		Accelerated Depreciation and Other Costs		Total		Severance Costs		Accumulated Depreciation and Other Costs		Total
Selling, general and administrative	$	—	$	9.1	$	9.1	$	—	$	5.9	$	5.9
Research and development	—		3.5		3.5		—		0.2		0.2
Restructuring charges	4.6		—		4.6		37.7		17.3		55.0
Total charges	$	4.6	$	12.6	$	17.2	$	37.7	$	23.4	$	61.1
	For the Nine Months Ended September 30,
	2024						2023
(In millions)	Severance Costs		Accelerated Depreciation and Other Costs		Total		Severance Costs		Accumulated Depreciation and Other Costs		Total
Selling, general and administrative	$	—	$	12.5	$	12.5	$	—	$	17.4	$	17.4
Research and development	—		10.6		10.6		—		0.7		0.7
Restructuring charges	20.2		—		20.2		62.6		33.8		96.4
Total charges	$	20.2	$	23.1	$	43.3	$	62.6	$	51.9	$	114.5

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

	For the Three Months Ended September 30,
	2024						2023
(In millions)	Severance Costs		Accelerated Depreciation and Other Costs		Total		Severance Costs		Accumulated Depreciation and Other Costs		Total
Selling, general and administrative	$	—	$	1.6	$	1.6	$	—	$	—	$	—
Research and development	—		2.9		2.9		—		—		—
Restructuring charges	0.7		—		0.7		21.0		—		21.0
Total charges	$	0.7	$	4.5	$	5.2	$	21.0	$	—	$	21.0
	For the Nine Months Ended September 30,
	2024						2023
(In millions)	Severance Costs		Accelerated Depreciation and Other Costs		Total		Severance Costs		Accumulated Depreciation and Other Costs		Total
Selling, general and administrative	$	—	$	4.9	$	4.9	$	—	$	—	$	—
Research and development	—		8.9		8.9		—		—		—
Restructuring charges	3.2		—		3.2		21.0		—		21.0
Total charges	$	3.2	$	13.8	$	17.0	$	21.0	$	—	$	21.0

Schedule of Restructuring Reserve by Type of Cost

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

	Workforce Reductions
(In millions)	2024		2023
Restructuring reserve as of January 1	$	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
Expense	6.6		17.8
Payment	(11.9)		(13.4)
Foreign currency and other adjustments	—		(0.1)
Restructuring reserve as of June 30	40.2		32.3
Expense	6.8		58.7
Payment	(4.7)		(31.8)
Foreign currency and other adjustments	(2.1)		0.1
Restructuring reserve as of September 30	$	40.2	$	59.3