XML 69 R51.htm IDEA: XBRL DOCUMENT
v3.22.4

Realignment and Transformation Programs (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs |
| December 31, 2022
(Amounts in thousands) | FPD |  | FCD |  | Subtotal–Reportable Segments |  | All Other |  | Consolidated Total
Restructuring Charges |  |  |  |  |  |  |  |  |
COS | $ | 768 |  |  | $ | 93 |  |  | $ | 861 |  |  | $ | — |  |  | $ | 861 |
SG&A | — |  |  | (4) |  |  | (4) |  |  | — |  |  | (4) |
| $ | 768 |  |  | $ | 89 |  |  | $ | 857 |  |  | $ | — |  |  | $ | 857 |
Non-Restructuring Charges |  |  |  |  |  |  |  |
COS | $ | (530) |  |  | $ | 86 |  |  | $ | (444) |  |  | $ | (61) |  |  | $ | (505) |
SG&A | 148 |  |  | (391) |  |  | (243) |  |  | (274) |  |  | (517) |
| $ | (382) |  |  | $ | (305) |  |  | $ | (687) |  |  | $ | (335) |  |  | $ | (1,022) |
Total Realignment Charges |  |  |  |  |  |
COS | $ | 238 |  |  | $ | 179 |  |  | $ | 417 |  |  | $ | (61) |  |  | $ | 356 |
SG&A | 148 |  |  | (395) |  |  | (247) |  |  | (274) |  |  | (521) |
Total | $ | 386 |  |  | $ | (216) |  |  | $ | 170 |  |  | $ | (335) |  |  | $ | (165) |
| 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 | 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 and Transformation 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 |
The following is a summary of total inception to date charges, net of adjustments, related to the Realignment Program:
| Inception to Date
(Amounts in thousands) | FPD |  | FCD |  | Subtotal–Reportable Segments |  | All Other |  | Consolidated Total
Restructuring Charges |  |  |  |  |  |  |  |
COS | $ | 26,642 |  |  | $ | 2,131 |  |  | $ | 28,773 |  |  | $ | — |  |  | $ | 28,773 |
SG&A | 716 |  |  | 328 |  |  | 1,044 |  |  | (16) |  |  | 1,028 |
| $ | 27,358 |  |  | $ | 2,459 |  |  | $ | 29,817 |  |  | $ | (16) |  |  | $ | 29,801 |
Non-Restructuring Charges |  |  |  |  |  |  |  |
COS | $ | 24,877 |  |  | $ | 808 |  |  | $ | 25,685 |  |  | $ | 581 |  |  | $ | 26,266 |
SG&A | 11,197 |  |  | 4,871 |  |  | 16,068 |  |  | 21,521 |  |  | 37,589 |
| $ | 36,074 |  |  | $ | 5,679 |  |  | $ | 41,753 |  |  | $ | 22,102 |  |  | $ | 63,855 |
Total Realignment Charges |  |  |  |  |  |  |  |
COS | $ | 51,519 |  |  | $ | 2,939 |  |  | $ | 54,458 |  |  | $ | 581 |  |  | $ | 55,039 |
SG&A | 11,913 |  |  | 5,199 |  |  | 17,112 |  |  | 21,505 |  |  | 38,617 |
Total | $ | 63,432 |  |  | $ | 8,138 |  |  | $ | 71,570 |  |  | $ | 22,086 |  |  | $ | 93,656 |
Restructuring charges represent costs related to employee severance at closed facilities, contract termination costs, asset write-downs and other costs. 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 Realignment Program:
| December 31, 2022
(Amounts in thousands) | Severance |  | Contract Termination |  | Asset Write-Downs |  | Other |  | Total
COS | $ | 122 |  |  | $ | 327 |  |  | $ | 273 |  |  | $ | 139 |  |  | $ | 861 |
SG&A | (4) |  |  | — |  |  | — |  |  | — |  |  | (4) |
Total | $ | 118 |  |  | $ | 327 |  |  | $ | 273 |  |  | $ | 139 |  |  | $ | 857 |
| 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 |
The following is a summary of total inception to date charges, net of adjustments, related to our Realignment Program:
| Inception to Date
(Amounts in thousands) | Severance |  | Contract Termination |  | Asset Write-Downs |  | Other |  | Total
COS | $ | 16,324 |  |  | $ | 413 |  |  | $ | 4,368 |  |  | $ | 7,668 |  |  | $ | 28,773 |
SG&A | 247 |  |  | — |  |  | 14 |  |  | 767 |  |  | 1,028 |
Total | $ | 16,571 |  |  | $ | 413 |  |  | $ | 4,382 |  |  | $ | 8,435 |  |  | $ | 29,801 |
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, 2022 and 2021:
(Amounts in thousands) | 2022 |  | 2021
Balance at January 1, | $ | 4,868 |  |  | $ | 18,255 |
Charges | 584 |  |  | 6,829 |
Cash expenditures | (3,518) |  |  | (18,942) |
Other non-cash adjustments, including currency | (969) |  |  | (1,274) |
Balance at December 31, | $ | 965 |  |  | $ | 4,868 |

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 -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
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 -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
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration