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Restructuring Expenses and Asset Impairments (Tables) | 6 Months Ended
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Jun. 30, 2022
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Costs | Pre-tax restructuring expenses and asset impairments by segment for the three and six months ended June 30, 2022 were as follows:
|  | Three Months Ended June 30, 2022
|  | Severance Costs |  | Exit Costs |  | Asset Impairment |  | Total
Fluid & Metering Technologies |  | $ | 1.2 |  |  | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 1.7 |
Health & Science Technologies |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Fire & Safety/Diversified Products |  | 1.0 |  |  | — |  |  | — |  |  | 1.0 |
Corporate/Other |  | — |  |  | — |  |  | — |  |  | — |
Total restructuring costs |  | $ | 2.3 |  |  | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 2.8 |
|  | Six Months Ended June 30, 2022
|  | Severance Costs |  | Exit Costs |  | Asset Impairment |  | Total
Fluid & Metering Technologies |  | $ | 1.5 |  |  | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 2.0 |
Health & Science Technologies |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Fire & Safety/Diversified Products |  | 1.0 |  |  | — |  |  | — |  |  | 1.0 |
Corporate/Other |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Total restructuring costs |  | $ | 2.9 |  |  | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 3.4 |
Pre-tax restructuring expenses and asset impairments by segment for the three and six months ended June 30, 2021 were as follows:
|  | Three Months Ended June 30, 2021
|  | Severance Costs |  | Exit Costs |  | Asset Impairment |  | Total
Fluid & Metering Technologies |  | $ | 1.8 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 1.9 |
Health & Science Technologies |  | 0.5 |  |  | — |  |  | — |  |  | 0.5 |
Fire & Safety/Diversified Products |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Corporate/Other |  | 0.7 |  |  | — |  |  | — |  |  | 0.7 |
Total restructuring costs |  | $ | 3.1 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 3.2 |
|  | Six Months Ended June 30, 2021
|  | Severance Costs |  | Exit Costs |  | Asset Impairment |  | Total
Fluid & Metering Technologies |  | $ | 2.6 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 2.8 |
Health & Science Technologies |  | 1.1 |  |  | — |  |  | — |  |  | 1.1 |
Fire & Safety/Diversified Products |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Corporate/Other |  | 1.3 |  |  | — |  |  | — |  |  | 1.3 |
Total restructuring costs |  | $ | 5.2 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 5.4 |
Schedule of Restructuring Reserve | Restructuring accruals reflected in Accrued expenses in the Company’s Condensed Consolidated Balance Sheets are as follows:
| Restructuring Initiatives
Balance at January 1, 2022 | $ | 2.8 |
Restructuring expenses | 3.2 |
Payments, utilization and other | (3.1) |
Balance at June 30, 2022 | $ | 2.9 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + 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 -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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