XML 31 R18.htm IDEA: XBRL DOCUMENT
v3.25.2

RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS | 6 Months Ended
--- | ---
Jun. 28, 2025
Restructuring and Related Activities [Abstract] |
RESTRUCTURING ACTIONS | RESTRUCTURING ACTIONS From time to time, we initiate restructuring actions throughout our businesses. There are no restructuring actions that are considered individually significant. The following table summarizes our total restructuring costs, which are presented within General and administrative expenses within our Consolidated Condensed Statements of Operations.
| Three Months Ended |  | Six Months Ended
| June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Severance and other employee-related | $ | 3.1 |  |  | $ | 3.9 |  |  | $ | 9.2 |  |  | $ | 5.8 |
Asset write-offs | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
Other | — |  |  | — |  |  | 0.4 |  |  | — |
Total restructuring costs | $ | 3.2 |  |  | $ | 3.9 |  |  | $ | 9.7 |  |  | $ | 5.8 |
By segment: |  |  |  |  |  |  |
Motion Technologies | $ | 2.1 |  |  | $ | 1.6 |  |  | $ | 2.3 |  |  | $ | 2.1 |
Industrial Process | 1.3 |  |  | 1.6 |  |  | 5.5 |  |  | 2.1 |
Connect & Control Technologies | (0.2) |  |  | 0.7 |  |  | 1.9 |  |  | 1.6 |
The following table displays a rollforward of our restructuring liability, which is included within accrued liabilities on our Consolidated Condensed Balance Sheet.
For the Six Months Ended | June 28, 2025 |  | June 29, 2024
Beginning balance - January 1 | $ | 2.9 |  |  | $ | 4.8 |
Restructuring costs | 9.7 |  |  | 5.8 |
Cash payments | (8.4) |  |  | (7.2) |
Asset write-offs | (0.1) |  |  | — |
Foreign exchange translation and other | 0.2 |  |  | — |
Ending balance | $ | 4.3 |  |  | $ | 3.4 |
By accrual type: |  |  |
Severance and other employee-related | $ | 4.3 |  |  | $ | 3.3 |
Other | — |  |  | 0.1 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration