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Accrued and Other Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2022
Accrued Liabilities [Abstract] |
Schedule of Accrued and Other Liabilities | Accrued and Other liabilities in the Consolidated and Combined Condensed Balance Sheets consisted of the following:
|  | Current |  |  | Noncurrent |  |  | Current |  |  | Noncurrent |
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | In thousands) |
A cc rued taxes and deferred tax liabilities |  | $ | 57,813 |  |  | $ | 169,839 |  |  | $ | 58,920 |  |  | $ | 203,760 |
Compensation and related benefits |  |  | 70,203 |  |  |  | 62,299 |  |  |  | 74,587 |  |  |  | 62,215 |
Asbestos liability |  |  | 34,841 |  |  |  | 236,757 |  |  |  | — |  |  |  | — |
Contract liability |  |  | 22,475 |  |  |  | — |  |  |  | 22,265 |  |  |  | — |
Lease liability |  |  | 20,323 |  |  |  | 72,060 |  |  |  | 23,110 |  |  |  | 88,777 |
Warranty liability |  |  | 13,721 |  |  |  | — |  |  |  | 14,954 |  |  |  | — |
Third-party commissions |  |  | 14,964 |  |  |  | — |  |  |  | 16,130 |  |  |  | — |
Restructuring liability |  |  | 6,747 |  |  |  | 100 |  |  |  | 7,834 |  |  |  | 275 |
Other |  |  | 49,316 |  |  |  | 8,326 |  |  |  | 33,309 |  |  |  | 7,918 |
|  | $ | 290,403 |  |  | $ | 549,381 |  |  | $ | 251,109 |  |  | $ | 362,945 |
Schedule of Product Warranty Liability | A summary of the activity in the Company’s warranty liability included in Accrued liabilities in the Company’s Consolidated and Combined Condensed Balance Sheets is as follows:
|  | Nine Months Ended |
|  | September 30, 2022 |  |  | October 1, 2021 |
|  | (In thousands) |
Warranty liability, beginning of period |  | $ | 14,954 |  |  | $ | 14,022 |
Accrued warranty expense |  |  | 4,367 |  |  |  | 5,661 |
Changes in estimates related to pre-existing warranties |  |  | 2,190 |  |  |  | 1,401 |
Cost of warranty service work performed |  |  | (6,815 | ) |  |  | (5,626 | )
Foreign exchange translation effect |  |  | (975 | ) |  |  | (256 | )
Warranty liability, end of period |  | $ | 13,721 |  |  | $ | 15,202 |
Schedule of Restructuring Reserve by Type of Cost | A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Consolidated and Combined Condensed Balance Sheets is as follows:
|  | Nine Months Ended September 30, 2022 |
|  | Balance at Beginning of Period |  |  | Charges |  |  | Payments |  |  | Foreign Currency Translation |  |  | Balance at End of Period |
|  | (In thousands) |
Restructuring and other related charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Termination benefits (1) |  | $ | 2,044 |  |  | $ | 1,691 |  |  | $ | (2,708 | ) |  | $ | (7 | ) |  | $ | 1,020 |
Facility closure costs and other (2) |  |  | 50 |  |  |  | 10,022 |  |  |  | (10,013 | ) |  |  | — |  |  |  | 59 |
Subtotal |  |  | 2,094 |  |  |  | 11,713 |  |  |  | (12,721 | ) |  |  | (7 | ) |  |  | 1,079 |
Non-cash charges (2) |  |  |  |  |  |  | (37 | ) |  |  |  |  |  |  |  |  |  |  |  |
Segment Total |  |  |  |  |  |  | 11,676 |  |  |  |  |  |  |  |  |  |  |  |  |
EMEA & APAC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Termination benefits (1) |  |  | 5,774 |  |  |  | 2,622 |  |  |  | (2,879 | ) |  |  | (174 | ) |  |  | 5,343 |
Facility closure costs and other (2) |  |  | 241 |  |  |  | 2,331 |  |  |  | (2,131 | ) |  |  | (16 | ) |  |  | 425 |
Subtotal |  |  | 6,015 |  |  |  | 4,953 |  |  |  | (5,010 | ) |  |  | (190 | ) |  |  | 5,768 |
Non-cash charges (2) |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Total |  |  |  |  |  |  | 4,953 |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  | $ | 8,109 |  |  |  | 16,666 |  |  | $ | (17,731 | ) |  | $ | (197 | ) |  | $ | 6,847 |
Non-cash charges (2) |  |  |  |  |  |  | (37 | ) |  |  |  |  |  |  |  |  |  |  |  |
Total Provision |  |  |  |  |  | $ | 16,629 |  |  |  |  |  |  |  |  |  |  |  |  |
(1) | Includes severance and other termination benefits, including outplacement services.
(2) | Includes the cost of relocating associates, relocating equipment, lease termination expense and other costs in connection with the closure and optimization of facilities and product lines.

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126907703&loc=d3e12565-110249 + 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 -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
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