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Restructuring Actions (Tables) | 12 Months Ended
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Dec. 31, 2023
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Costs | The following table summarizes our restructuring costs by component and by segment.
For the Year Ended December 31 | 2023 |  | 2022 |  | 2021
By component: |  |  |  |  |
Severance and other employee-related costs | $ | 8.0 |  |  | $ | 3.5 |  |  | $ | 8.0 |
Asset write-offs | 1.8 |  |  | 0.1 |  |  | 0.6 |
Other | 0.1 |  |  | 0.2 |  |  | 1.0 |
Total restructuring costs | $ | 9.9 |  |  | $ | 3.8 |  |  | $ | 9.6 |
By segment: |  |  |  |  |
Motion Technologies | $ | 4.0 |  |  | $ | 2.7 |  |  | $ | 3.9 |
Industrial Process | 4.6 |  |  | 1.3 |  |  | 3.1 |
Connect & Control Technologies | 1.3 |  |  | — |  |  | 2.4 |
Corporate and Other | — |  |  | (0.2) |  |  | 0.2 |
Total restructuring costs | $ | 9.9 |  |  | $ | 3.8 |  |  | $ | 9.6 |
Schedule of Restructuring Accruals | The following table displays a rollforward of our total restructuring liability, which is included within Accrued and other current liabilities in our Consolidated Balance Sheets.
| 2023 |  | 2022
Restructuring liability as of January 1 | $ | 3.9 |  |  | $ | 11.0 |
Restructuring costs | 10.9 |  |  | 5.1 |
Reversal of prior accruals | (1.0) |  |  | (1.3) |
Cash payments | (7.3) |  |  | (10.5) |
Asset write-offs | (1.8) |  |  | (0.1) |
Foreign exchange translation and other | 0.1 |  |  | (0.3) |
Restructuring liability as of December 31 | $ | 4.8 |  |  | $ | 3.9 |
By accrual type: |  |  |
Severance and other employee-related | $ | 4.5 |  |  | $ | 3.9 |
Other | 0.3 |  |  | — |

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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 -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -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 -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 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + 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 -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -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 + Details
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