Herbalife Ltd. Quarterly report pursuant to Section 13 or 15(d)

Restructuring Activities (Tables)

Restructuring Activities (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Costs Related to the Transformation Program

Costs related to the Transformation Program were as follows:


	Three Months Ended				Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023		Cumulative costs incurred to date as of September 30, 2024
	(in millions)
Professional fees	$	—	$	2.1	$	1.5	$	6.2	$	26.4
Retention and separation		—		2.2		7.8		35.3		61.3
Other		—		0.3		0.1		0.5		0.9
Total	$	—	$	4.6	$	9.4	$	42.0	$	88.6

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 condensed consolidated balance sheets, were as follows:


	Professional Fees			Retention and Separation			Other			Total
	(in millions)
Balance as of December 31, 2023	$	1.0		$	8.2		$	—		$	9.2
Expenses		1.5			7.8			0.1			9.4
Cash payments		(2.3	)		(11.0	)		(0.1	)		(13.4	)
Non-cash items and other		—			—			—			—
Balance as of September 30, 2024	$	0.2		$	5.0		$	—		$	5.2

Schedule of Costs Related to the Restructuring Program

Costs related to the Restructuring Program were as follows:


	Three Months Ended		Nine Months Ended
	September 30, 2024		September 30, 2024		Cumulative costs incurred to date as of September 30, 2024
	(in millions)
Professional fees	$	0.3	$	4.5	$	4.5
Retention and separation		2.4		63.7		63.7
Other		—		—		—
Total	$	2.7	$	68.2	$	68.2

Schedule of Changes in the Liabilities Related to the Restructuring Program

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


	Professional Fees			Retention and Separation			Other		Total
	(in millions)
Expenses	$	4.5		$	63.7		$	—	$	68.2
Cash payments		(4.0	)		(56.9	)		—		(60.9	)
Non-cash items and other		—			—			—		—
Balance as of September 30, 2024	$	0.5		$	6.8		$	—	$	7.3