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Subsequent Events (Tables) | 3 Months Ended
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Mar. 31, 2024
Subsequent Events [Abstract] |
Summary Of Current Cost Estimates By Major Type Of Cost Table | The following table provides a summary of our cost estimates and other information associated with these plans:
| 2023 Restructuring plan |  | 2023 Footprint Realignment plan |  |
Plan expense estimates: | (Dollars in millions) |  |
Restructuring charges (1) | $12 to $15 |  | $4 to $6 |  |
Restructuring related charges (2) (3) | $3 to $4 |  | $7 to $9 |  |
Total restructuring and restructuring related charges | $15 to $19 |  | $11 to $15 |  |
Other plan estimates: |  |  |  |  |
Expected cash outlays | $15 to $19 |  | $11 to $15 |  |
Expected capital expenditures | $— |  | $2 to $3 |  |
Other plan information: |  |  |  |  |
Period initiated | December 2023 |  | September 2023 |  |
Estimated period of substantial completion | End of 2024 |  | 2027 |  |
Aggregate restructuring charges | $12.7 |  | $1.6 |  |
Restructuring reserve: |  |  |  |  |
Balance as of March 31, 2024 | $7.8 |  | $1.5 |  |
Restructuring related charges incurred: |  |  |  |  |
Three months ended March 31, 2024 | $0.8 |  | $0.5 |  |
Aggregate restructuring related charges | $1.5 |  | $0.6 |  |
(1)Substantially all of the charges consist of employee termination benefit costs. (2)2023 Restructuring plan restructuring related charges represent costs that are directly related to the program and consist primarily of retention bonuses offered to certain employees expected to remain with our company after completion of the program. Substantially all of the restructuring related charges are expected to be recognized within selling, general and administrative expenses. (3)2023 Footprint realignment plan restructuring related charges represent costs that are directly related to the program and principally constitute costs to transfer manufacturing operations to existing lower-cost locations and project management costs. Substantially all of these charges are expected to be recognized within cost of goods sold. The following table provides a summary of our estimates of restructuring and restructuring related charges by major type of expense associated with the 2024 Footprint realignment plan:
| Total estimated amount expected to be incurred
Program expense estimates: | (Dollars in millions)
Restructuring charges (1) | $13 million to $16 million
Restructuring related charges (2) | $20 million to $24 million
Total restructuring and restructuring related charges | $33 million to $40 million
(1)Substantially all of the charges consist of employee termination benefit costs. (2)Consists of pre-tax charges related to accelerated depreciation and other costs directly related to the plan, primarily project management costs and costs to relocate manufacturing operations and support functions to the new locations. Substantially all of the charges are expected to be recognized within costs of goods sold.

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