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Cost Reduction Actions (Tables) | 6 Months Ended
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Jun. 29, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Charges and Payments | During the six months ended June 29, 2024, restructuring charges and payments were as follows:
(In millions) | Accrual at December 30, 2023 |  | Charges, Net of Reversals |  | Cash Payments |  | Non-cash Impairment |  | Foreign Currency Translation |  | Accrual at June 29, 2024
2023 Actions |  |  |  |  |  |  |  |  |  |  |
Severance and related costs | $ | 27.7 |  |  | $ | 11.2 |  |  | $ | (23.2) |  |  | $ | — |  |  | $ | (.6) |  |  | $ | 15.1 |
Asset impairment charges | — |  |  | 1.6 |  |  | — |  |  | (1.6) |  |  | — |  |  | — |
Lease cancellation charges | — |  |  | .4 |  |  | (.4) |  |  | — |  |  | — |  |  | — |
Total | $ | 27.7 |  |  | $ | 13.2 |  |  | $ | (23.6) |  |  | $ | (1.6) |  |  | $ | (.6) |  |  | $ | 15.1 |
Schedule of Restructuring and Related Costs | The table below shows the total amount of restructuring charges, net of reversals, incurred by reportable segment and Corporate.
| Three Months Ended |  | Six Months Ended
(In millions) | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Restructuring charges, net of reversals, by reportable segment and Corporate |  |  |  |  |  |  |
Materials Group | $ | 1.6 |  |  | $ | 5.6 |  |  | $ | 4.1 |  |  | $ | 19.9 |
Solutions Group | 5.4 |  |  | 4.4 |  |  | 8.8 |  |  | 7.8 |
Corporate | .2 |  |  | — |  |  | .3 |  |  | (.1) |
Total | $ | 7.2 |  |  | $ | 10.0 |  |  | $ | 13.2 |  |  | $ | 27.6 |

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