XML 38 R25.htm IDEA: XBRL DOCUMENT
v3.24.2

Restructuring and Other Items, net (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Restructuring and Other Items, net [Abstract] |
Restructuring Charges by Segment | The following table outlines the amount of restructuring charges recorded within the Consolidated Statements of Income and the segment they relate to:
|  | Three Months Ended |  |  | Six Months Ended |
(in millions of dollar) |  | Jun. 30, 2024 |  |  | Jul. 2, 2023 |  |  | Jun. 30, 2024 |  |  | Jul. 2, 2023 |
Consumer & Specialties |  | $ | — |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | 0.6 |
Engineered Solutions |  |  | — |  |  |  | 3.2 |  |  |  | — |  |  |  | 3.2 |
Corporate |  |  | — |  |  |  | 2.8 |  |  |  | — |  |  |  | 2.8 |
Total restructuring and other items, net |  | $ | — |  |  | $ | 6.6 |  |  | $ | — |  |  | $ | 6.6 |
Reconciliation of Restructuring Liability | The following table is a reconciliation of our restructuring liability balance as of June 30, 2024:
(in millions of dollars) |  |  |
Restructuring liability, December 31, 2023 |  | $ | 3.8 |
Cash payments |  |  | (1.0 | )
Restructuring liability, June 30, 2024 |  | $ | 2.8 |

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 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

X
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: 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.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration