Restructuring and Separation Costs (Tables)

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the restructuring liability that is included in accounts payable and accrued expenses, accrued employee compensation and benefits, and other current liabilities on the condensed consolidated balance sheets as of the periods presented below (in millions):



	Employee termination costs		PP&E disposals		Legal & other costs		Total

Balance at December 31, 2024	$	10.2	$	0.4	$	3.2	$	13.8

Payments	(10.2)		—		(3.2)		(13.4)
Non-cash adjustments	—		(0.4)		—		(0.4)
Balance at June 30, 2025	$	—	$	—	$	—	$	—



	Employee Termination costs		PP&E disposals		Legal & other costs		Total

Balance at December 31, 2024	$	0.6	$	—	$	0.1	$	0.7
Additions	5.3		6.4		0.1		11.8
Payments	(5.6)		—		(0.2)		(5.8)
Non-cash adjustments	—		(6.4)		—		(6.4)
Balance at June 30, 2025	$	0.3	$	—	$	—	$	0.3

Schedule of Costs Related to Restructuring Plan

The following table summarizes costs related to the restructuring plan recognized within selling, general and administrative expenses in the condensed consolidated statement of operations for the periods presented below (in millions):


	Three Months Ended June 30,		Six Months Ended June 30,
	2025			2025
Employee termination & severance	$	0.9		$	5.3
PP&E disposals	3.1			6.4
Legal & other	0.1			0.1
Total restructuring	$	4.1		$	11.8

In addition to the restructuring costs noted above, we recognized consulting, legal, accounting and other costs in connection with the planned separation of Topgolf and the sale of the Jack Wolfskin business, respectively, which are primarily included within selling, general and administrative expenses in the condensed consolidated statement of operations.


	Three Months Ended June 30,		Six Months Ended June 30,
(in millions)	2025			2025
Jack Wolfskin	$	2.0		$	3.1
Topgolf	4.5			7.1
Total Separation Costs	$	6.5		$	10.2

Topgolf Callaway Brands Corp. 10-Q