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Restructuring and Acquisition-Related Costs (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

A summary of our restructuring activity for the first three months of 2024 and 2023 is shown below:

			Severance Charges						Implementation Costs												Total
			(in millions)
Accrual at December 31, 2022			$	2.4					$	1.4											$	3.8
Charges			0.3						3.7												4.0
Cash utilization			(0.7)						(2.5)												(3.2)
Accrual at March 31, 2023			$	2.0					$	2.6											$	4.6
Accrual at December 31, 2023			$	3.0					$	1.7											$	4.7
Charges			0.2						1.2												1.4
Cash utilization			(1.6)						(1.1)												(2.7)
Accrual at March 31, 2024			$	1.6					$	1.8											$	3.4

Business Combination, Separately Recognized Transactions [Table Text Block]

The following table represents a summary of integration charges incurred primarily related to our acquisition of Tekfor:

															Integration Expenses
															(in millions)
Charges for the three months ended March 31, 2024															$	1.1
Charges for the three months ended March 31, 2023															0.8

X

- Definition

Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination.

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-Topic 805
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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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