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Restructuring Actions (Notes) | 12 Months Ended
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Dec. 31, 2023
Restructuring and Related Activities [Abstract] |
Restructuring Actions | RESTRUCTURING ACTIONS From time to time, we initiate restructuring actions to optimize our cost structure, improve operational efficiencies, align our workforce with strategic business initiatives, or integrate acquired businesses. For the years ended December 31, 2023, 2022, and 2021, none of our restructuring activities were considered individually significant. Restructuring costs are recorded within General and administrative expenses in our Consolidated Statements of Operations. 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 |
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 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 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: 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 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: 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 Reference 5: 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 + Details
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