Company: VRT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001628280-25-005905
Chunk: 25

Company: Vertiv Holdings Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 16
Chunk 25
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 all segments. The current liability and non-current liability for estimated restructuring costs is recorded in "Accrued expenses and other liabilities” and "Other long-term liabilities", respectively, on the Consolidated Balance Sheets. As of December 31, 2024, the non-current liability for estimated restructuring costs primarily decreased by $6.5 due to a change in restructuring plans.The change in the current liability for restructuring costs for the year ended December 31, 2024 were as follows:December 31, 2023 Paid/Utilized  ExpenseDecember 31, 2024Severance and benefits$25.1 $(12.8)$(2.0)$10.3 Plant closing and other0.1 (13.8)13.8 0.1 Total$25.2 $(26.6)$11.8 $10.4 The change in the current liability for restructuring costs for the year ended December 31, 2023 were as follows:December 31, 2022Paid/Utilized ExpenseDecember 31, 2023Severance and benefits$15.3 $(17.2)$27.0 $25.1 Plant closing and other0.1 (1.6)1.6 0.1 Total$15.4 $(18.8)$28.6 $25.2 

(5) GOODWILL AND OTHER INTANGIBLES 

The change in the carrying value of goodwill by segment follows: Americas Asia Pacific Europe, Middle East & Africa TotalBalance, December 31, 2022$634.3 $47.1 $603.3 $1,284.7 Acquisition/Divestiture(1)— — 24.5 24.5 Foreign currency translation and other1.0 (0.7)20.8 21.1 Balance, December 31, 2023$635.3 $46.4 $648.6 $1,330.3 Acquisition(2)— 8.7 — 8.7 Foreign currency translation and other(1.6)(1.2)(15.1)(17.9)Balance, December 31, 2024$633.7 $53.9 $633.5 $1,321.1 (1)