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Realignment and Transformation Programs (Tables) | 12 Months Ended
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Dec. 31, 2021
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs |
| December 31, 2021
(Amounts in thousands) | FPD |  | FCD |  | Subtotal–Reportable Segments |  | All Other |  | Consolidated Total
Restructuring Charges |  |  |  |  |  |  |  |  |
COS | $ | 8,046 |  |  | $ | 811 |  |  | $ | 8,857 |  |  | $ | — |  |  | $ | 8,857 |
SG&A(1) | 665 |  |  | (9) |  |  | 656 |  |  | — |  |  | 656 |
| $ | 8,711 |  |  | $ | 802 |  |  | $ | 9,513 |  |  | $ | — |  |  | $ | 9,513 |
Non-Restructuring Charges |  |  |  |  |  |  |  |
COS | $ | 6,203 |  |  | $ | 1,196 |  |  | $ | 7,399 |  |  | $ | 590 |  |  | $ | 7,989 |
SG&A | 368 |  |  | 708 |  |  | 1,076 |  |  | 3,913 |  |  | 4,989 |
| $ | 6,571 |  |  | $ | 1,904 |  |  | $ | 8,475 |  |  | $ | 4,503 |  |  | $ | 12,978 |
Total Realignment Charges |  |  |  |  |  |
COS | $ | 14,249 |  |  | $ | 2,007 |  |  | $ | 16,256 |  |  | $ | 590 |  |  | $ | 16,846 |
SG&A | 1,033 |  |  | 699 |  |  | 1,732 |  |  | 3,913 |  |  | 5,645 |
Total | $ | 15,282 |  |  | $ | 2,706 |  |  | $ | 17,988 |  |  | $ | 4,503 |  |  | $ | 22,491 |
| December 31, 2020
(Amounts in thousands) | FPD |  | FCD |  | Subtotal–Reportable Segments |  | All Other |  | Consolidated Total
Restructuring Charges |  |  |  |  |  |  |  |  |
COS | $ | 19,510 |  |  | $ | 1,122 |  |  | $ | 20,632 |  |  | $ | — |  |  | $ | 20,632 |
SG&A | 156 |  |  | 335 |  |  | 491 |  |  | (16) |  |  | 475 |
| $ | 19,666 |  |  | $ | 1,457 |  |  | $ | 21,123 |  |  | $ | (16) |  |  | $ | 21,107 |
Non-Restructuring Charges |  |  |  |  |  |  |  |
COS | $ | 19,328 |  |  | $ | 7,285 |  |  | $ | 26,613 |  |  | $ | 52 |  |  | $ | 26,665 |
SG&A | 11,166 |  |  | 4,605 |  |  | 15,771 |  |  | 18,527 |  |  | 34,298 |
| $ | 30,494 |  |  | $ | 11,890 |  |  | $ | 42,384 |  |  | $ | 18,579 |  |  | $ | 60,963 |
Transformation Charges |  |  |  |  |  |  |  |  |
SG&A | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 22,719 |  |  | $ | 22,719 |
| $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 22,719 |  |  | $ | 22,719 |
Total Realignment and Transformation Charges |  |  |  |  |  |
COS | $ | 38,838 |  |  | $ | 8,407 |  |  | $ | 47,245 |  |  | $ | 52 |  |  | $ | 47,297 |
SG&A | 11,322 |  |  | 4,940 |  |  | 16,262 |  |  | 41,230 |  |  | 57,492 |
Total | $ | 50,160 |  |  | $ | 13,347 |  |  | $ | 63,507 |  |  | $ | 41,282 |  |  | $ | 104,789 |
The following is a summary of total inception to date charges, net of adjustments, related to the Realignment Program initiated in 2020:
| Inception to Date
(Amounts in thousands) | FPD |  | FCD |  | Subtotal–Reportable Segments |  | All Other |  | Consolidated Total
Restructuring Charges |  |  |  |  |  |  |  |
COS | $ | 25,875 |  |  | $ | 2,037 |  |  | $ | 27,912 |  |  | $ | — |  |  | $ | 27,912 |
SG&A | 716 |  |  | 333 |  |  | 1,049 |  |  | (17) |  |  | 1,032 |
| $ | 26,591 |  |  | $ | 2,370 |  |  | $ | 28,961 |  |  | $ | (17) |  |  | $ | 28,944 |
Non-Restructuring Charges |  |  |  |  |  |  |  |
COS | $ | 25,407 |  |  | $ | 723 |  |  | $ | 26,130 |  |  | $ | 642 |  |  | $ | 26,772 |
SG&A | 11,049 |  |  | 5,262 |  |  | 16,311 |  |  | 21,795 |  |  | 38,106 |
| $ | 36,456 |  |  | $ | 5,985 |  |  | $ | 42,441 |  |  | $ | 22,437 |  |  | $ | 64,878 |
Total Realignment Charges |  |  |  |  |  |  |  |
COS | $ | 51,282 |  |  | $ | 2,760 |  |  | $ | 54,042 |  |  | $ | 642 |  |  | $ | 54,684 |
SG&A | 11,765 |  |  | 5,595 |  |  | 17,360 |  |  | 21,778 |  |  | 39,138 |
Total | $ | 63,047 |  |  | $ | 8,355 |  |  | $ | 71,402 |  |  | $ | 22,420 |  |  | $ | 93,822 |
Restructuring charges represent costs associated with the relocation or reorganization of certain business activities and facility closures and include costs related to employee severance at closed facilities, contract termination costs, asset write-downs and other costs. Severance costs primarily include costs associated with involuntary termination benefits. Contract termination costs include costs related to the termination of operating leases or other contract termination costs. Asset write-downs include accelerated depreciation of fixed assets, accelerated amortization of intangible assets, divestiture of certain non-strategic assets and inventory write-downs. Other costs generally include costs related to employee relocation, asset relocation, vacant facility costs (i.e., taxes and insurance) and other charges. The following is a summary of restructuring charges, net of adjustments, for our restructuring activities. Restructuring charges incurred related to our 2020 Realignment Program:
| December 31, 2021
(Amounts in thousands) | Severance |  | Contract Termination |  | Asset Write-Downs |  | Other |  | Total
COS | $ | 964 |  |  | $ | 34 |  |  | $ | 2,683 |  |  | $ | 5,176 |  |  | $ | 8,857 |
SG&A | 167 |  |  | — |  |  | — |  |  | 489 |  |  | 656 |
Total | $ | 1,131 |  |  | $ | 34 |  |  | $ | 2,683 |  |  | $ | 5,665 |  |  | $ | 9,513 |
| December 31, 2020
(Amounts in thousands) | Severance |  | Contract Termination |  | Asset Write-Downs |  | Other |  | Total
COS | $ | 16,927 |  |  | $ | 52 |  |  | $ | 1,409 |  |  | $ | 2,244 |  |  | $ | 20,632 |
SG&A | 223 |  |  | — |  |  | 11 |  |  | 241 |  |  | 475 |
Total | $ | 17,150 |  |  | $ | 52 |  |  | $ | 1,420 |  |  | $ | 2,485 |  |  | $ | 21,107 |
The following is a summary of total inception to date charges, net of adjustments, related to our 2020 Realignment Program:
| Inception to Date
(Amounts in thousands) | Severance |  | Contract Termination |  | Asset Write-Downs |  | Other |  | Total
COS | $ | 16,202 |  |  | $ | 86 |  |  | $ | 4,095 |  |  | $ | 7,529 |  |  | $ | 27,912 |
SG&A | 251 |  |  | — |  |  | 14 |  |  | 767 |  |  | 1,032 |
Total | $ | 16,453 |  |  | $ | 86 |  |  | $ | 4,109 |  |  | $ | 8,296 |  |  | $ | 28,944 |
Schedule of Restructuring Reserve by Type of Cost | The following represents the activity, primarily severance, related to the restructuring reserve for the Realignment Programs for the years ended December 31, 2021 and 2020:
(Amounts in thousands) | 2021 |  | 2020
Balance at January 1, | $ | 18,255 |  |  | $ | 6,703 |
Charges | 6,829 |  |  | 19,686 |
Cash expenditures | (18,942) |  |  | (9,146) |
Other non-cash adjustments, including currency | (1,274) |  |  | 1,012 |
Balance at December 31, | $ | 4,868 |  |  | $ | 18,255 |

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