In February 2024, we approved and initiated a global restructuring initiative designed to better align our assets and further improve the efficiency of the business. This initiative includes an announced voluntary retirement offer in the U.S., along with a rationalization and optimization of certain distribution centers, stores and other facilities. The initiative was approved and funded by our corporate office and therefore these costs are not allocated to our segments.

In the first quarter 2025, we incurred $55 million in restructuring and other costs compared to $83 million in the prior year period. We expect to incur total costs up to $180 million related to the global restructuring efforts in 2025 and to substantially complete the initiative by the end of 2025. In total, we expect to incur costs of between $370 million and $400 million related to our global restructuring initiative in 2024 and 2025. We may incur additional charges not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of these initiatives.


(in thousands)	Severance and other employee costs		Other restructuring costs (1)		Total
Liability as of January 1, 2025	$	23,830	$	926	$	24,756
Restructuring and other costs	21,131		33,639		54,770
Cash payments	(16,270)		(29,054)		(45,324)
Non-cash charges	—		(4,760)		(4,760)
Translation	517		41		558
Liability as of March 31, 2025	$	29,208	$	792	$	30,000

(1) Amount reflects professional fees, accelerated rent, facility closure costs, moving expenses and asset impairment costs that are attributable to our restructuring.


(in thousands)	Severance and other employee costs		Other restructuring costs (1)		Total
Liability as of January 1, 2024	$	—	$	—	$	—
Restructuring and other costs	61,624		21,418		83,042
Cash payments	(7,036)		(13,018)		(20,054)
Non-cash charges	1,339		(8,255)		(6,916)
Translation	(25)		—		(25)
Liability as of March 31, 2024	$	55,902	$	145	$	56,047