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Restructuring and Transformation Program (Tables) | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Restructuring Related Costs | Restructuring and transformation-related costs included within Cost of goods sold and Selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income included the following:
| Years ended December 31
In millions | 2024 | 2023 | 2022
Restructuring Initiatives |  |  |
Severance and related costs | $ | 34.5 |  | $ | 8.2 |  | $ | 17.7 |
Asset impairment and write-offs (1) | 9.9 |  | 3.8 |  | 25.6 |
Other restructuring costs and related adjustments (2) | (0.9) |  | (6.0) |  | 13.0 |
Total restructuring costs | 43.5 |  | 6.0 |  | 56.3 |
Transformation Program |  |  |
Severance and related costs | 0.7 |  | 6.9 |  | 3.4 |
Asset impairment and write-offs (1) | 7.7 | 0.4 | — |
Other transformation costs (3) | 51.4 |  | 37.4 |  | 23.8 |
Total transformation costs | 59.8 |  | 44.7 |  | 27.2 |
Total restructuring and transformation costs | $ | 103.3 |  | $ | 50.7 |  | $ | 83.5 |
(1) Consists of inventory and long-lived asset impairments and write-offs associated with restructuring or transformation activities. An identifiable intangible asset was also impaired in 2022 as a result of certain business exits. (2) Other restructuring costs and related adjustments primarily consist of certain accruals and related refinements as well as various contract termination costs associated with business and product line exits. (3) Other transformation costs primarily consist of professional services and project management related costs, partially offset by gain on sale of assets in 2023.
Restructuring Costs By Segment | Restructuring and transformation costs by reportable segment as well as Corporate and other were as follows:
| Years ended December 31
In millions | 2024 | 2023 | 2022
Flow | $ | 15.5 |  | $ | 3.4 |  | $ | 2.2 |
Water Solutions | 19.4 |  | (0.1) |  | 41.1 |
Pool | 15.7 |  | 9.1 |  | 14.3 |
Corporate and other | 52.7 |  | 38.3 |  | 25.9 |
Total restructuring and transformation costs | $ | 103.3 |  | $ | 50.7 |  | $ | 83.5 |
Restructuring Accrual Activity Recorded on Consolidated Balance Sheets | Activity related to accrued severance and related costs recorded in Other current liabilities in the Consolidated Balance Sheets is summarized as follows:
| Years ended December 31
In millions | 2024 | 2023
Beginning balance | $ | 13.4 |  | $ | 23.2 |
Costs incurred | 35.2 |  | 15.1 |
Cash payments and other | (29.9) |  | (24.9) |
Ending balance | $ | 18.7 |  | $ | 13.4 |

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- Definition The amount of restructuring costs incurred by reportable segment. + References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -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://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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