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...10 TELEFLEX INCORPORATED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued) (Unaudited) 2023 Footprint Realignment plan Plan expense estimates: (Dollars in millions) Restructuring charges (1) $ 4 million to $ 6 million Restructuring related charges (2) $ 7 million to $ 9 million Total restructuring and restructuring related charges $ 11 million to $ 15 million (1...

...Gain on sale of equipment ( 1.5 ) ( 1.5 ) Total restructuring-related costs 7.7 4.9 Total net restructuring and restructuring-related costs $ 19.4 $ 10.9 Amount of total that represents net cash charges $ 15.6 $ 9.4 Net restructuring and restructuring-related charges by segment were as...

...The restructuring actions relate to cost reduction initiatives and consist primarily of workforce reductions in EMEA and Americas. The restructuring actions are expected to be substantially completed by fiscal 2025. Restructuring costs are included in restructuring and impairment costs in the consolidated statements of income. The following tables summarize the...

...Period initiated May 2021 February 2019 May 2018 Estimated period of substantial completion 2023 2022 2022 Aggregate restructuring charges $ 3.0 $ 14.5 $ 63.1 Restructuring reserve: Balance as of June 26, 2022 $ 2.8 $ 1.7 $ 38.8 Restructuring related charges incurred: Three Months Ended June 26, 2022 $ 2...

...The Company expects that the restructuring program will result in restructuring and other charges totaling between $ 500 million and $ 700 million, before taxes, consisting of employee-related costs, contract terminations, asset write-offs and other costs associated with implementing these initiatives. Restructuring Program Approvals The Restructuring Program cumulative charges approved...

...There were no acquisition and integration costs during the three months ended December 31, 2022. (4) Restructuring Project Momentum Restructuring - In November 2022, the Board of Directors approved a profit recovery program, Project Momentum, which includes an enterprise-wide restructuring focused on recovering operating margins, optimizing our manufacturing, distribution and...

...Restructuring Charges May 2025 Restructuring Plan In May 2025, we announced a workforce reduction that resulted in a management approved restructuring plan. As of June 30, 2025, we recorded $ 19.1 million of cumulative restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating...

...Restructuring and Impairment Costs Restructuring To better align its resources with its overall strategies and reduce the cost structure of its global operations to address the softness in certain underlying markets, Adient commits to restructuring plans as necessary. Adient, in general, records costs associated with separation programs when management has...

...Fiscal Year Ended December 30, 2023 Cash restructuring charges: Real Estate Restructuring - Lease termination costs $ 12,924 Real Estate Restructuring - Employee termination benefit costs 5,678 Organizational Restructuring - Employee termination benefit costs 26,927 Other cash restructuring charges 1,577 Total cash restructuring charges $ 47,106 Non-cash restructuring charges...

...Fiscal Year Ended December 30, 2023 Cash restructuring charges: Real Estate Restructuring - Lease termination costs $ 12,924 Real Estate Restructuring - Employee termination benefit costs 5,678 Organizational Restructuring - Employee termination benefit costs 26,927 Other cash restructuring charges 1,577 Total cash restructuring charges $ 47,106 Non-cash restructuring charges...

...The implementation of these restructuring actions began in May 2024. The restructuring actions are expected to be mostly completed by the end calendar year 2024. The company expects to incur restructuring and restructuring-related costs and charges of approximately $8.0 million, of which $2.5 million are anticipated to...

...Other Restructuring Plans The Company has entered into other individually immaterial restructuring plans ("Other Restructuring Plans"). The Company's other restructuring charges are primarily employee costs. An analysis of the Company's restructuring plan liability is as follows: ($ in millions) Employee Costs Fixed Asset Related Costs Other Costs Total Restructuring...

...For the three-month and nine-month periods ended August 27, 2023, restructuring charges, net primarily includes net restructuring charges of $1.5 million and $19.3 million, respectively, recognized in connection with the 2022 restructuring initiative. (5) For the three-month period ended August 25, 2024, restructuring related charges...

...MD&A-Results of Operations" for further discussion of the 2023 Restructuring Plan. ◦ In June 2024, we initiated a restructuring plan ("2024 Restructuring Plan," and together with 2023 Restructuring Plan, "Restructuring Plans") as part of our efforts to drive operational efficiencies, enhance returns by increasing return thresholds on new growth...

...MD&A-Results of Operations" for further discussion of the 2023 Restructuring Plan. ◦ In June 2024, we initiated a restructuring plan ("2024 Restructuring Plan," and together with 2023 Restructuring Plan, "Restructuring Plans") as part of our efforts to drive operational efficiencies, enhance returns by increasing return thresholds on new growth...

...Restructuring In February 2022, the Company announced and began implementing a restructuring plan (the “2022 Restructuring Plan”) and in April 2024, the Company’s Board of Directors approved a new restructuring plan to expand upon its 2022 Restructuring Plan (as expanded and collectively with the 2022 Restructuring Plan, the “2024...

...Amounts related to the reorganization of operations in China are included within Other restructuring. 17 Table of Contents Restructuring Accruals. The following table summarizes the accrual balance and utilization for restructuring actions, which are primarily for severance costs: (dollars in millions) UpLift Actions Other Actions Total Restructuring Actions Restructuring accruals...

...Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Post divestiture restructuring plan $ 2.9 $ 0.9 $ 5.5 $ 1.4 Integration and restructuring of business acquisitions - 0.5 - ( 0.2 ) 2020 Restructuring 1.7 - 10.4 - Total Restructuring Costs $ 4.6 $ 1.4 $ 15...

...Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Post divestiture restructuring plan $ 2.9 $ 0.9 $ 5.5 $ 1.4 Integration and restructuring of business acquisitions - 0.5 - ( 0.2 ) 2020 Restructuring 1.7 - 10.4 - Total Restructuring Costs $ 4.6 $ 1.4 $ 15...

...Restructuring and Asset Impairment Charges Restructuring From time to time, the Company will incur costs related to restructuring actions in order to optimize our cost base and more strategically position itself. During the three and nine months ended September 30, 2021, we recognized net restructuring recoveries of $( 2 ) million and...