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Cost Reduction Actions | 3 Months Ended
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Apr. 01, 2023
Restructuring and Related Activities [Abstract] |
Cost Reduction Actions | Cost Reduction Actions 2023 Actions During the three months ended April 1, 2023, we recorded $18.6 million in restructuring charges related to our 2023 actions. These charges consisted of severance and related costs for the reduction of approximately 340 positions at numerous locations across our company. These actions, which were primarily taken in our Materials Group reportable segment, largely related to headcount reductions. During the three months ended April 1, 2023, restructuring charges and payments were as follows:
(In millions) | Accrual at December 31, 2022 |  | Charges, Net of Reversals |  | Cash Payments |  | Non-cash Impairment |  | Foreign Currency Translation |  | Accrual at April 1, 2023
2023 Actions |  |  |  |  |  |  |  |  |  |  |
Severance and related costs | $ | — |  |  | $ | 18.1 |  |  | $ | (7.2) |  |  | $ | — |  |  | $ | — |  |  | $ | 10.9 |
Asset impairment charges | — |  |  | .5 |  |  | — |  |  | (.5) |  |  | — |  |  | — |
2019/2020 Actions |  |  |  |  |  |  |  |  |  |  |
Severance and related costs | 5.1 |  |  | (1.0) |  |  | (3.9) |  |  | — |  |  | — |  |  | .2 |
Total | $ | 5.1 |  |  | $ | 17.6 |  |  | $ | (11.1) |  |  | $ | (.5) |  |  | $ | — |  |  | $ | 11.1 |
Accruals for severance and related costs, as well as lease cancellation costs, were included in “Other current liabilities” in the unaudited Condensed Consolidated Balance Sheets. Asset impairment charges were based on the estimated market value of the assets, less selling costs, if applicable. Restructuring charges were included in “Other expense (income), net” in the unaudited Condensed Consolidated Statements of Income. The table below shows the total amount of restructuring charges, net of reversals, incurred by reportable segment and Corporate.
|  |  | Three Months Ended
(In millions) |  |  |  |  | April 1, 2023 |  | April 2, 2022
Restructuring charges, net of reversals, by reportable segment and Corporate |  |  |  |  |  |  |
Materials Group |  |  |  |  | $ | 14.3 |  |  | $ | .5 |
Solutions Group |  |  |  |  | 3.4 |  |  | .4 |
Corporate |  |  |  |  | (.1) |  |  | — |
Total |  |  |  |  | $ | 17.6 |  |  | $ | .9 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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