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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

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- References

No definition available.

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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

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