XML 50 R20.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Restructuring Activities | 12 Months Ended
--- | ---
Dec. 31, 2021
Restructuring and Related Activities [Abstract] |
Restructuring Activities | 11. Restructuring Activities The Company initiated various restructuring programs and incurred severance and other restructuring costs by segment as follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Engineered Products | $ | 9,507 |  |  | $ | 10,307 |  |  | $ | 3,155 |
Clean Energy & Fueling | 3,609 |  |  | 6,681 |  |  | 4,943 |
Imaging & Identification | 4,589 |  |  | 5,946 |  |  | 6,426 |
Pumps & Process Solutions | 1,911 |  |  | 13,374 |  |  | 5,666 |
Climate & Sustainability Technologies | 5,068 |  |  | 4,015 |  |  | 3,671 |
Corporate | 2,021 |  |  | 4,145 |  |  | 2,961 |
Total | $ | 26,705 |  |  | $ | 44,468 |  |  | $ | 26,822 |
These amounts are classified in the Consolidated Statements of Earnings as follows:
Cost of goods and services | $ | 12,895 |  |  | $ | 18,895 |  |  | $ | 8,910 |
Selling, general and administrative expenses | 13,810 |  |  | 25,573 |  |  | 17,912 |
Total | $ | 26,705 |  |  | $ | 44,468 |  |  | $ | 26,822 |
Total restructuring charges of $26,705 incurred during the year ended December 31, 2021, were primarily a result of restructuring programs initiated in 2020 and 2021 in response to demand conditions, asset charges related to a product line exit, as well as broad-based operational efficiency initiatives focusing on footprint consolidation and IT centralization. Additional programs, beyond the scope of the announced programs may be implemented during 2022 with related restructuring charges. The $26,705 of restructuring charges incurred during 2021 primarily included the following items: •The Engineered Products segment recorded $9,507 of restructuring charges related primarily to asset charges related to a product line exit. •The Clean Energy & Fueling segment recorded $3,609 of restructuring charges primarily due to asset charges, headcount reductions and facility exit costs. •The Imaging & Identification segment recorded $4,589 of restructuring charges related primarily to headcount reductions. •The Pumps & Process Solutions segment recorded $1,911 of restructuring charges related primarily to headcount reductions and asset charges. •The Climate & Sustainability Technologies segment recorded $5,068 of restructuring charges related primarily to headcount reductions and asset charges. •Corporate recorded $2,021 of restructuring charges primarily related to exit costs related to IT centralization initiatives. Restructuring expenses incurred in 2020 and 2019 also included headcount reduction, targeted facility consolidations at certain businesses, and actions taken to optimize the Company's cost structure. The following table details the Company’s severance and other restructuring accrual activities:
| Severance |  | Exit |  | Total
Balance at January 1, 2019 | $ | 24,284 |  |  | $ | 3,880 |  |  | $ | 28,164 |
Restructuring charges | 20,271 |  |  | 6,551 |  |  | 26,822 |
Payments | (29,887) |  |  | (3,383) |  |  | (33,270) |
Other, including foreign currency translation | (917) |  |  | (4,409) |  | (1) | (5,326) |
Balance at December 31, 2019 | 13,751 |  |  | 2,639 |  |  | 16,390 |
Restructuring charges | 25,716 |  |  | 18,752 |  |  | 44,468 |
Payments | (29,768) |  |  | (6,035) |  |  | (35,803) |
Other, including foreign currency translation | 848 |  |  | (10,990) |  | (1) | (10,142) |
Balance at December 31, 2020 | 10,547 |  |  | 4,366 |  |  | 14,913 |
Restructuring charges | 11,561 |  |  | 15,144 |  |  | 26,705 |
Payments | (10,951) |  |  | (6,171) |  |  | (17,122) |
Other, including foreign currency translation | (427) |  |  | (10,272) |  | (2) | (10,699) |
Balance at December 31, 2021 | $ | 10,730 |  |  | $ | 3,067 |  |  | $ | 13,797 |
(1) Other activity in exit reserves primarily represents the non-cash write-off of certain long-lived assets and inventory in connection with certain facility closures and product exits. (2) Other activity in exit reserves primarily represents asset charges related to product line exit. The restructuring accrual balances at December 31, 2021 primarily reflect restructuring plans initiated during the year.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration