Annual report pursuant to Section 13 and 15(d)

Transformation Program (Tables)

v3.22.0.1
Transformation Program (Tables)
12 Months Ended
Dec. 31, 2021
Transformation Programs Text Block [Abstract]  
Schedule of costs related to the transformation program

Costs related to the Transformation Program for the year ended December 31, 2021 were as follows:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

 

(in millions)

 

Professional fees

 

$

9.7

 

Retention and separation

 

 

3.0

 

Other

 

 

0.2

 

Total

 

$

12.9

 

Schedule of changes in the liabilities related to the transformation program

Changes in the liabilities related to the Transformation Program, which were recognized in other current liabilities within the Company’s consolidated balance sheets, were as follows:

 

 

 

Professional Fees

 

 

Retention and Separation

 

 

Other

 

 

Total

 

 

 

(in millions)

 

Expenses

 

$

9.7

 

 

$

3.0

 

 

$

0.2

 

 

$

12.9

 

Cash payments

 

 

(7.7

)

 

 

(0.2

)

 

 

(0.2

)

 

 

(8.1

)

Non-cash items and other

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2021

 

$

2.0

 

 

$

2.8

 

 

$

 

 

$

4.8