XML 21 R9.htm IDEA: XBRL DOCUMENT
v3.25.1

Restructuring, Exit and Integration Activities | 3 Months Ended
--- | ---
Mar. 29, 2025
Restructuring and Related Activities [Abstract] |
Restructuring, Exit and Integration Activities [Text Block] | Restructuring, Exit and Impairment Activities During the three months ended March 29, 2025 and March 30, 2024, the Company recorded restructuring charges related to headcount reductions and related costs associated with streamlining the enterprise-wide cost structure and improving operating efficiencies. The Company also incurred charges related to the rationalization of its manufacturing footprint. The following table is a summary of these expenses for the three months ended March 29, 2025:
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate |  | Total
Restructuring, exit and impairment activities: |  |  |  |  |  |  |  |  |  |  |
Employee termination and other benefits | $ | — |  |  | $ | — |  |  | $ | 0.8 |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 1.1 |
Total cash payments for restructuring, exit and impairment charges (A) | $ | 1.1 |  |  | $ | 0.5 |  |  | $ | 1.6 |  |  | $ | 1.2 |  |  | $ | 0.8 |  |  | $ | 5.2 |
Accrued charges at end of the period (B) | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 0.7 |  |  | $ | 1.1 |  |  | $ | 0.1 |  |  | $ | 2.4 |
(A) Cash payments for the three months ended March 29, 2025 may include payments related to prior period charges. (B) Restructuring, exit and impairment charges accrued as of March 29, 2025 are expected to be paid in the next twelve months. The following table is a summary of these expenses for the three months ended March 30, 2024:
(in millions) | Propulsion |  | Engine P&A |  | Navico Group |  | Boat |  | Corporate |  | Total |  |  |  |  |  |  |  |
Restructuring, exit and impairment activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee termination and other benefits | $ | 5.6 |  |  | $ | 3.3 |  |  | $ | 2.2 |  |  | $ | 1.0 |  |  | $ | 0.9 |  |  | $ | 13.0 |  |  |  |  |  |  |  |  |
Asset-related | — |  |  | — |  |  | 0.5 |  |  | — |  |  | — |  |  | 0.5 |  |  |  |  |  |  |  |  |
Total restructuring, exit and impairment charges | $ | 5.6 |  |  | $ | 3.3 |  |  | $ | 2.7 |  |  | $ | 1.0 |  |  | $ | 0.9 |  |  | $ | 13.5 |  |  |  |  |  |  |  |  |
Total cash payments for restructuring, exit and impairment charges (A) | $ | 2.7 |  |  | $ | 1.6 |  |  | $ | 6.2 |  |  | $ | 1.0 |  |  | $ | 0.9 |  |  | $ | 12.4 |  |  |  |  |  |  |  |  |
Accrued charges at end of the period | $ | 4.1 |  |  | $ | 2.4 |  |  | $ | 1.1 |  |  | $ | 1.7 |  |  | $ | 0.6 |  |  | $ | 9.9 |  |  |  |  |  |  |  |  |
(A) Cash payments for the three months ended March 30, 2024 may include payments related to prior period charges.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration