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Restructuring Expenses and Asset Impairments (Tables)

12 Months Ended

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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- References

No definition available.

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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

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-SubTopic 10
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-Name Accounting Standards Codification
-Topic 420
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-Section 50
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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

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-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

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