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Restructuring Costs and Other (Tables) | 6 Months Ended
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Jun. 30, 2026
Restructuring and Related Activities [Abstract] |
Schedule of Pre-tax Restructuring Costs | Pre-tax restructuring costs incurred in each of our reporting segments and the location of the costs in the Condensed Consolidated Statements of Income for the three and six months ended June 30, 2026 and 2025 are as follows (in millions):
| Three Months Ended June 30,
| 2026 | 2025 | 2026 | 2025 | 2026 | 2025
| Cost of goods sold | Selling & administrative expense | Total
Utility Solutions | $ | — |  | $ | 2.2 |  | $ | — |  | $ | — |  | $ | — |  | $ | 2.2 |
Electrical Solutions | 1.5 |  | 0.6 |  | — |  | — |  | 1.5 |  | 0.6 |
Total Pre-Tax Restructuring Costs | $ | 1.5 |  | $ | 2.8 |  | $ | — |  | $ | — |  | $ | 1.5 |  | $ | 2.8 |
| Six Months Ended June 30,
| 2026 | 2025 | 2026 | 2025 | 2026 | 2025
| Cost of goods sold | Selling & administrative expense | Total
Utility Solutions | $ | 0.3 |  | $ | 3.4 |  | $ | — |  | $ | 0.1 |  | $ | 0.3 |  | $ | 3.5 |
Electrical Solutions | 5.8 |  | 1.0 |  | 0.7 |  | — |  | 6.5 |  | 1.0 |
Total Pre-Tax Restructuring Costs | $ | 6.1 |  | $ | 4.4 |  | $ | 0.7 |  | $ | 0.1 |  | $ | 6.8 |  | $ | 4.5 |
Schedule of Restructuring Reserve by Type of Cost | The following table summarizes the accrued liabilities for our restructuring actions (in millions):
| Beginning Accrued Restructuring Balance 1/1/26 | Pre-tax Restructuring Costs | Utilization and Foreign Exchange | Ending Accrued Restructuring Balance 6/30/26
2026 Restructuring Actions |  |  |  |
Severance | $ | — |  | $ | 3.8 |  | $ | (0.6) |  | $ | 3.2 |
Asset write-downs | — |  | — |  | — |  | — |
Facility closure and other costs | — |  | 0.8 |  | (0.8) |  | — |
Total 2026 Restructuring Actions | $ | — |  | $ | 4.6 |  | $ | (1.4) |  | $ | 3.2 |
2025 and Prior Restructuring Actions |  |  |  |
Severance | $ | 4.2 |  | $ | (0.2) |  | $ | (3.1) |  | $ | 0.9 |
Asset write-downs | — |  | — |  | — |  | — |
Facility closure and other costs | 0.5 |  | 2.4 |  | (2.4) |  | 0.5 |
Total 2025 and Prior Restructuring Actions | $ | 4.7 |  | $ | 2.2 |  | $ | (5.5) |  | $ | 1.4 |
Total Restructuring Actions | $ | 4.7 |  | $ | 6.8 |  | $ | (6.9) |  | $ | 4.6 |
The actual costs incurred and total expected cost in each of our reporting segments of our on-going restructuring actions are as follows (in millions):
| Total expected costs | Costs incurred during 2025 | Costs incurred in the first six months of 2026 | Remaining costs at 6/30/2026
2026 Restructuring Actions |  |  |  |
Utility Solutions | $ | 0.3 |  | $ | — |  | $ | — |  | $ | 0.3 |
Electrical Solutions | 9.3 |  | — |  | 4.6 |  | 4.7 |
Total 2026 Restructuring Actions | $ | 9.6 |  | $ | — |  | $ | 4.6 |  | $ | 5.0 |
2025 and Prior Restructuring Actions |  |  |  |
Utility Solutions | $ | 6.4 |  | $ | 6.1 |  | $ | 0.3 |  | $ | — |
Electrical Solutions | 8.1 |  | 5.9 |  | 1.9 |  | 0.3 |
Total 2025 and Prior Restructuring Actions | $ | 14.5 |  | $ | 12.0 |  | $ | 2.2 |  | $ | 0.3 |
Total Restructuring Actions | $ | 24.1 |  | $ | 12.0 |  | $ | 6.8 |  | $ | 5.3 |

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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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 + Details
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