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Restructuring Actions Restructuring Actions (Tables) | 12 Months Ended
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Dec. 31, 2021
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Costs | The following table provides restructuring costs by component and by segment.
For the Year Ended December 31 | 2021 |  | 2020 |  | 2019
By component: |  |  |  |  |
Severance and other employee-related costs | $ | 8.0 |  |  | $ | 41.5 |  |  | $ | 12.4 |
Asset write-offs | 0.6 |  |  | — |  |  | — |
Other | 1.0 |  |  | 1.5 |  |  | 0.4 |
Total restructuring costs | $ | 9.6 |  |  | $ | 43.0 |  |  | $ | 12.8 |
By segment: |  |  |  |  |
Motion Technologies | $ | 3.9 |  |  | $ | 12.7 |  |  | $ | 4.9 |
Industrial Process | 3.1 |  |  | 19.5 |  |  | 5.7 |
Connect & Control Technologies | 2.4 |  |  | 8.5 |  |  | 2.0 |
Corporate and Other | 0.2 |  |  | 2.3 |  |  | 0.2 |
Schedule of Restructuring Accruals | The following table displays a rollforward of our total restructuring liability, presented on our Consolidated Balance Sheet within accrued liabilities.
| 2021 |  | 2020
Restructuring liability - January 1 | $ | 19.1 |  |  | $ | 7.5 |
Restructuring costs | 11.7 |  |  | 44.1 |
Reversal of prior accruals | (2.1) |  |  | (1.1) |
Cash payments | (16.5) |  |  | (33.0) |
Asset write-offs | (0.6) |  |  | — |
Foreign exchange translation and other | (0.6) |  |  | 1.6 |
Restructuring liability - December 31 | $ | 11.0 |  |  | $ | 19.1 |
By accrual type: |  |  |
Severance and other employee-related | $ | 10.9 |  |  | $ | 18.6 |
Other | 0.1 |  |  | 0.5 |
Expected Restructuring Costs by Segment Global Restructuring Plan | The following table summarizes the restructuring costs incurred during 2021 and the cumulative costs incurred through December 31, 2021 by segment related to the 2020 Global Restructuring Plan.
| Incurred in 2021 |  | Incurred to Date
Motion Technologies | $ | — |  |  | $ | 12.7 |
Industrial Process | 2.5 |  |  | 22.5 |
Connect & Control Technologies | — |  |  | 8.8 |
Corporate and Other | — |  |  | 2.6 |
Total | $ | 2.5 |  |  | $ | 46.6 |
Restructuring Rollforward Global Restructuring Plan | The following table displays a rollforward of the restructuring liability related to the 2020 Global Restructuring Plan, which we expect to be substantially paid during 2022.
| 2021 |  | 2020
Beginning balance - January 1 | $ | 17.1 |  |  | $ | — |
Restructuring costs | 2.5 |  |  | 43.8 |
Cash payments | (13.6) |  |  | (27.9) |
Asset write-offs | (0.6) |  |  | — |
Foreign exchange translation and other | (0.6) |  |  | 1.2 |
Ending balance - December 31 | $ | 4.8 |  |  | $ | 17.1 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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