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Accrued and Other Liabilities (Tables)
 9 Months Ended
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.