Restructuring and Related Activities

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

. RESTRUCTURING AND OTHER CHARGES

During 2023, the Company recorded net restructuring charges of $49.1. The charges were comprised of $33.4 in severance and other personnel costs, $22.3 in facility-related costs primarily associated with general integration activities. The charges were offset by the reversal of a previously established liability of $1.7 in unused severance and $4.9 in unused facility-related costs.

During 2022, the Company recorded net restructuring charges of $54.0. The charges were comprised of $24.8 in severance and other personnel costs and $31.1 in facility-related costs primarily associated with general integration activities. The charges were offset by the reversal of a previously established liability of $1.4 in unused severance and $0.5 in unused facility-related costs.

During 2021, the Company recorded net restructuring charges of $24.0. The charges were comprised of $12.4 in severance and other personnel costs, $12.0 in facility-related costs primarily associated with general integration activities. The charges were offset by the reversal of a previously established liability of $0.3 in unused severance and $0.2 in unused facility-related costs.

The following represents the Company’s restructuring activities for the period indicated:



	Severance and Other Employee Costs		Lease and Other Facility Costs		Total
Balance as of December 31, 2021	$	3.7	$	1.6	$	5.3
Restructuring charges	24.8		31.1		55.9

Reduction of prior restructuring accruals	(1.4)		(0.5)		(1.9)
Cash payments and other adjustments	(25.0)		(22.8)		(47.8)
Balance as of December 31, 2022	2.1		9.4		11.5
Restructuring charges	33.4		22.3		55.7

Reduction of prior restructuring accruals	(1.7)		(4.9)		(6.6)
Cash payments and other adjustments	(26.2)		(13.8)		(40.0)
Balance as of December 31, 2023	$	7.6	$	13.0	$	20.6
Current					$	9.5
Non-current					11.1
					$	20.6

The non-current portion of the restructuring liabilities is expected to be paid out over 9.7 years. Cash payments and other adjustments include the reclassification of profit sharing, pension, and holiday accrual.