XML 51 R31.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Restructuring and Other Charges, Net (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Restructuring and Other Charges, Net |
Summary of the pre-tax cost by restructuring programs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2023 |  | 2022 |  | 2021
​ | ​ | (in millions)
Restructuring costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2021 France Actions | ​ | $ | 0.4 | ​ | $ | 5.1 | ​ | $ | 19.7
Other Actions | ​ |  | 5.1 | ​ |  | 5.5 | ​ |  | (0.4)
Total restructuring charges | ​ | $ | 5.5 | ​ | $ | 10.6 | ​ | $ | 19.3
Summary of recorded pre-tax restructuring costs by business segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Year Ended December 31,
​ |  |  | 2023 |  | 2022 |  | 2021
​ | ​ | ​ | (in millions)
Americas | ​ | ​ | $ | 2.5 | ​ | $ | 2.2 | ​ | $ | (0.3)
Europe | ​ | ​ |  | 2.0 | ​ |  | 8.5 | ​ |  | 19.5
APMEA | ​ | ​ |  | 1.0 | ​ |  | (0.1) | ​ |  | 0.1
Total | ​ | ​ | $ | 5.5 | ​ | $ | 10.6 | ​ | $ | 19.3
Summary of total incurred pre-tax restructuring costs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
| ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Facility | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Legal and | ​ | Asset | ​ | exit | ​ | ​ | ​
​ |  | Severance |  | consultancy |  | write-downs |  | and other |  | Total
​ | ​ | (in millions)
Costs incurred — 2021 |  | $ | 16.9 |  | $ | 0.9 |  | $ | 0.9 |  | $ | 1.0 |  | $ | 19.7
Costs incurred — 2022 | ​ | ​ | 3.5 | ​ | ​ | 0.2 | ​ | ​ | 0.8 | ​ | ​ | 0.6 | ​ | ​ | 5.1
Costs incurred — 2023 | ​ | ​ | 0.4 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 0.4
Total restructuring costs |  | $ | 20.8 | ​ | $ | 1.1 | ​ | $ | 1.7 | ​ | $ | 1.6 |  | $ | 25.2
​
Summary of restructuring reserve activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Facility | ​ | ​
​ | ​ | ​ | ​ | ​ | Legal and | ​ | Asset | ​ | exit | ​ | ​ | ​
​ |  | Severance |  | consultancy |  | write-downs |  | and other |  | Total
​ | ​ | (in millions)
Balance at December 31, 2020 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Net pre-tax restructuring charges | ​ | ​ | 16.9 | ​ | ​ | 0.9 | ​ | ​ | 0.9 | ​ | ​ | 1.0 | ​ | ​ | 19.7
Utilization and foreign currency impact | ​ | ​ | (7.0) | ​ | ​ | (0.7) | ​ | ​ | (0.9) | ​ | ​ | (0.5) | ​ | ​ | (9.1)
Balance at December 31, 2021 | ​ | $ | 9.9 | ​ | $ | 0.2 | ​ | $ | — | ​ | $ | 0.5 | ​ | $ | 10.6
Net pre-tax restructuring charges | ​ | ​ | 3.5 | ​ | ​ | 0.2 | ​ | ​ | 0.8 | ​ | ​ | 0.6 | ​ | ​ | 5.1
Utilization and foreign currency impact | ​ | ​ | (11.5) | ​ | ​ | (0.4) | ​ | ​ | (0.8) | ​ | ​ | (1.1) | ​ | ​ | (13.8)
Balance at December 31, 2022 | ​ | $ | 1.9 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 1.9
Net pre-tax restructuring charges | ​ | ​ | 0.4 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 0.4
Utilization and foreign currency impact | ​ | ​ | (2.1) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (2.1)
Balance at December 31, 2023 | ​ | $ | 0.2 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 0.2

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -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 -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 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -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 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of pre-tax restructuring costs by program. + References No definition available. + Details
Name: | wts_ScheduleOfRestructuringAndRelatedCostsByRestructuringPlanTableTextBlock
Namespace Prefix: | wts_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount and type of net pre-tax restructuring costs incurred during the reporting period for each program. + References No definition available. + Details
Name: | wts_ScheduleOfRestructuringAndRelatedCostsIncurredDuringReportingPeriodByRestructuringCostTypeAndPlanTableTextBlock
Namespace Prefix: | wts_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration