XML 77 R56.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Impairment and Restructuring Charges (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Restructuring Charges [Abstract] |
Schedule of Impairment and Restructuring Charges by Segment and Rollforward of the Consolidated Restructuring Accrual | Impairment and restructuring charges by segment were as follows: Year ended December 31, 2024:
| Engineered Bearings | Industrial Motion |  | Total
Impairment charges | $ | 2.0 |  | $ | 1.5 |  |  | $ | 3.5 |
Severance and related benefit costs | 2.6 |  | 5.0 |  |  | 7.6 |
Exit costs | 2.0 |  | 0.3 |  |  | 2.3 |
Total | $ | 6.6 |  | $ | 6.8 |  |  | $ | 13.4 |
Year ended December 31, 2023:
| Engineered Bearings | Industrial Motion |  | Total
Impairment charges | $ | 4.9 |  | $ | 28.3 |  |  | $ | 33.2 |
Severance and related benefit costs | 5.5 |  | 5.6 |  |  | 11.1 |
Exit costs | 0.9 |  | 0.3 |  |  | 1.2 |
Total | $ | 11.3 |  | $ | 34.2 |  |  | $ | 45.5 |
Year ended December 31, 2022:
| Engineered Bearings | Industrial Motion |  | Total
Impairment charges | $ | 9.0 |  | $ | 29.3 |  |  | $ | 38.3 |
Severance and related benefit costs | 2.7 |  | 1.5 |  |  | 4.2 |
Exit costs | 1.4 |  | 0.2 |  |  | 1.6 |
Total | $ | 13.1 |  | $ | 31.0 |  |  | $ | 44.1 |
The following is a rollforward of the consolidated restructuring accrual for the years ended December 31, 2024 and 2023:
| 2024 | 2023
Beginning balance, January 1 | $ | 5.8 |  | $ | 3.1 |
Expense | 9.9 |  | 12.3 |
Payments | (12.0) |  | (9.6) |
Ending balance, December 31 | $ | 3.7 |  | $ | 5.8 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringChargesAbstract
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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration