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Restructuring and Related Activities | 6 Months Ended
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Jun. 28, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure | 14. RESTRUCTURING COSTS During the first two fiscal quarters of 2025, the Company initiated certain business restructuring activities aimed at improving operational efficiency and aligning resources with strategic priorities. These activities resulted in restructuring charges of $13.3 million and $15.7 million for the three and six months ended June 28, 2025, respectively, primarily related to a reduction in workforce and the abandonment of certain capital equipment no longer necessary for the Company’s long-term objectives. The charges related to these restructuring activities were recognized in the condensed consolidated statements of operations for the three and six months ended June 28, 2025 as follows:
| Three months ended June 28, 2025 |  | Six months ended June 28, 2025
(In millions) | Employee Termination Benefits |  | Asset Impairment Charges |  | Total |  | Employee Termination Benefits |  | Asset Impairment Charges |  | Total
Cost of sales | $ | 2.1 |  |  | $ | — |  |  | $ | 2.1 |  |  | $ | 2.3 |  |  | $ | — |  |  | $ | 2.3 |
Selling, general and administrative | 3.4 |  |  | 6.3 |  |  | 9.7 |  |  | 5.0 |  |  | 6.3 |  |  | 11.3 |
Engineering, research and development | 1.5 |  |  | — |  |  | 1.5 |  |  | 2.1 |  |  | — |  |  | 2.1 |
Total | $ | 7.0 |  |  | $ | 6.3 |  |  | $ | 13.3 |  |  | $ | 9.4 |  |  | $ | 6.3 |  |  | $ | 15.7 |
Restructuring charges by reportable segment as well as unallocated corporate level charges for the three and six months ended June 28, 2025 were as follows:
| Three months ended June 28, 2025 |  | Six months ended June 28, 2025
(In millions) | Employee Termination Benefits |  | Asset Impairment Charges |  | Total |  | Employee Termination Benefits |  | Asset Impairment Charges |  | Total
MS | $ | 3.0 |  |  | $ | — |  |  | $ | 3.0 |  |  | $ | 3.1 |  |  | $ | — |  |  | $ | 3.1 |
APS | 3.6 |  |  | 6.3 |  |  | 9.9 |  |  | 5.9 |  |  | 6.3 |  |  | 12.2 |
Unallocated corporate | 0.4 |  |  | — |  |  | 0.4 |  |  | 0.4 |  |  | — |  |  | 0.4 |
Total | $ | 7.0 |  |  | $ | 6.3 |  |  | $ | 13.3 |  |  | $ | 9.4 |  |  | $ | 6.3 |  |  | $ | 15.7 |

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- 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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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