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v3.23.1

Restructuring (Tables) | 3 Months Ended
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Mar. 31, 2023
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | The following table summarizes the cumulative restructuring costs, net incurred through March 31, 2023. As of March 31, 2023, we do not expect to incur additional facility consolidation costs to complete these actions.
| Cumulative Restructuring Costs, Net |  |
(in millions) | Severance | Other | Total |  |
Aerospace & Electronics | $ | 1.5 |  | $ | — |  | $ | 1.5 |  |  |
Process Flow Technologies | 6.3 |  | — |  | 6.3 |  |  |
Payment & Merchandising Technologies | 5.7 |  | 0.5 |  | 6.2 |  |  |
Engineered Materials | 0.4 |  | — |  | 0.4 |  |  |
2022 Repositioning | $ | 13.9 |  | $ | 0.5 |  | $ | 14.4 |  |  |
Process Flow Technologies | $ | 14.9 |  | $ | (2.8) |  | $ | 12.1 |  |  |
2019 Repositioning | $ | 14.9 |  | $ | (2.8) |  | $ | 12.1 |  |  |
Restructuring Liability The following table summarizes the accrual balances related to each restructuring program:
(in millions) |  |  | 2022 Repositioning |  | 2019 Repositioning | Total
Severance: |  |  |  |  |  |
Balance as of December 31, 2022 (a) |  |  | $ | 14.2 |  |  | $ | 2.4 |  | $ | 16.6 |
Utilization |  |  | (4.1) |  |  | (1.0) |  | (5.1) |
Balance as of March 31, 2023 (a) |  |  | $ | 10.1 |  |  | $ | 1.4 |  | $ | 11.5 |
(a) | Included within Accrued Liabilities in the Condensed Consolidated Balance Sheets.

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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