XML 105 R11.htm IDEA: XBRL DOCUMENT v3.25.3
Restructuring
9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
During the nine months ended September 30, 2025 and the year ended December 31, 2024, we initiated and continued execution of certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business.
Restructuring related costs included in Selling, general and administrative in the Condensed Consolidated Statements of Income and Comprehensive Income included costs for severance and other restructuring costs as follows:
 
Three months endedNine months ended
In millionsSeptember 30,
2025
September 30,
2024
September 30,
2025
September 30,
2024
Severance and related costs$1.8 $1.9 $4.0 $3.7 
Other0.9 0.9 2.7 1.7 
Total restructuring costs$2.7 $2.8 $6.7 $5.4 
Other restructuring costs primarily consist of asset impairment and various contract termination costs.
Restructuring costs by reportable segment as well as enterprise and other were as follows:
Three months endedNine months ended
In millionsSeptember 30,
2025
September 30,
2024
September 30,
2025
September 30,
2024
Systems Protection$0.4 $0.7 $1.0 $1.1 
Electrical Connections2.1 1.9 2.9 3.8 
Enterprise and other0.2 0.2 2.8 0.5 
Total$2.7 $2.8 $6.7 $5.4 
Activity related to accrued severance and related costs recorded in Other current liabilities in the Condensed Consolidated Balance Sheets is summarized as follows:
Nine months ended
In millionsSeptember 30,
2025
September 30,
2024
Beginning balance$1.8 $1.2 
Costs incurred4.0 3.7 
Cash payments and other(3.0)(3.0)
Ending balance$2.8 $1.9