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Restructuring Expenses and Asset Impairments (Tables) | 12 Months Ended
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Dec. 31, 2024
Restructuring Costs and Asset Impairment Charges [Abstract] |
Schedule of Restructuring Costs | Pre-tax Restructuring expenses and asset impairments by segment for the 2024 initiative were as follows:
| Severance Costs |  | Exit Costs |  | Asset Impairments |  | Total
Fluid & Metering Technologies | $ | 2.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.4 |
Health & Science Technologies | 5.8 |  |  | — |  |  | 0.1 |  |  | 5.9 |
Fire & Safety/Diversified Products | 0.5 |  |  | — |  |  | — |  |  | 0.5 |
Corporate/Other | 0.5 |  |  | — |  |  | — |  |  | 0.5 |
Total restructuring costs and asset impairments | $ | 9.2 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 9.3 |
Pre-tax Restructuring expenses and asset impairments by segment for the 2023 initiative were as follows:
| Severance Costs |  | Exit Costs |  | Asset Impairments |  | Total
Fluid & Metering Technologies | $ | 1.5 |  |  | $ | 0.6 |  |  | $ | 0.8 |  |  | $ | 2.9 |
Health & Science Technologies | 6.4 |  |  | 0.2 |  |  | — |  |  | 6.6 |
Fire & Safety/Diversified Products | 0.7 |  |  | 0.2 |  |  | — |  |  | 0.9 |
Corporate/Other | 0.5 |  |  | — |  |  | — |  |  | 0.5 |
Total restructuring costs and asset impairments | $ | 9.1 |  |  | $ | 1.0 |  |  | $ | 0.8 |  |  | $ | 10.9 |
Pre-tax Restructuring expenses and asset impairments by segment for the 2022 initiative were as follows:
| Severance Costs |  | Exit Costs |  | Asset Impairments |  | Total
Fluid & Metering Technologies | $ | 1.9 |  |  | $ | 0.3 |  |  | $ | 0.5 |  |  | $ | 2.7 |
Health & Science Technologies | 1.2 |  |  | — |  |  | 16.8 |  |  | 18.0 |
Fire & Safety/Diversified Products | 1.7 |  |  | — |  |  | 0.1 |  |  | 1.8 |
Corporate/Other | 0.3 |  |  | — |  |  | — |  |  | 0.3 |
Total restructuring costs and asset impairments | $ | 5.1 |  |  | $ | 0.3 |  |  | $ | 17.4 |  |  | $ | 22.8 |
Schedule of Restructuring Accruals Expenses | Restructuring accruals reflected in Accrued expenses in the Company’s Consolidated Balance Sheets are as follows:
| Restructuring Initiatives
Balance at January 1, 2023 | $ | 1.4 |
Restructuring expenses(1) | 10.1 |
Payments, utilization and other | (9.4) |
Balance at December 31, 2023 | 2.1 |
Restructuring expenses(2) | 9.2 |
Payments, utilization and other | (10.4) |
Balance at December 31, 2024 | $ | 0.9 |
(1) Excludes $0.8 million of asset impairments related to property, plant and equipment. (2) Excludes $0.1 million of asset impairments related to property, plant and equipment.

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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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