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RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS (Tables)

6 Months Ended

Jul. 03, 2021

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

The following table summarizes the total restructuring costs presented separately in our Consolidated Condensed Statements of Operations for the three and six months ended July 3, 2021 and June 27, 2020.

			Three Months Ended												Six Months Ended
			July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Severance and other employee-related			$	—					$	27.8					$	2.4					$	30.9
Asset write-offs			—						—						0.6						—
Other			0.1						0.1						0.7						0.1
Total restructuring costs			$	0.1					$	27.9					$	3.7					$	31.0
By segment:
Motion Technologies			$	—					$	14.0					$	—					$	14.0
Industrial Process			—						7.8						0.9						7.9
Connect & Control Technologies			0.1						5.2						2.5						6.7
Corporate and Other			—						0.9						0.3						2.4

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Condensed Balance Sheet within accrued liabilities, for the six months ended July 3, 2021 and June 27, 2020.

			July 3, 2021						June 27, 2020
Beginning balance - January 1			$	19.1					$	7.5
Restructuring costs			4.4						31.7
Reversal of prior accruals			(0.7)						(0.7)
Cash payments			(7.2)						(9.6)
Asset write-offs			(0.6)						—
Foreign exchange translation and other			(0.5)						(0.2)
Ending balance			$	14.5					$	28.7
By accrual type:
Severance and other employee-related			$	14.3					$	28.3
Other			0.2						0.4

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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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.

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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

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