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Supplemental Financial Information (Tables)
 6 Months Ended
Jun. 30, 2024
Supplemental Income Statement Elements [Abstract]  
Schedule of Restructuring and Impairment Charges
The components of the “Restructuring and impairment charges” line item in the condensed consolidated statements of operations were as follows:
Three Months EndedSix Months Ended
(Dollars in millions)June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Restructuring charges
Global workforce reduction$— $1.1 $— $8.1 
Facility consolidations0.1 2.8 0.2 6.3 
Manufacturing footprint consolidation0.4 — 0.4 — 
R&D facility exit0.9 — 0.9 — 
Total restructuring charges$1.4 $3.9 $1.5 $14.4 
Total restructuring and impairment charges$1.4 $3.9 $1.5 $14.4 
The following table summarizes the allocation of restructuring and impairment charges to our operating segments:
Three Months EndedSix Months Ended
(Dollars in millions)June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Advanced Electronics Solutions
Allocated restructuring charges$1.0 $3.1 $1.1 $8.5 
Elastomeric Material Solutions
Allocated restructuring charges0.4 0.8 0.4 5.9 
Total restructuring and impairment charges$1.4 $3.9 $1.5 $14.4 
Schedule of Other Operating (Income) Expense
The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedSix Months Ended
(Dollars in millions)June 30, 2024June 30, 2023June 30, 2024June 30, 2023
UTIS fire
Professional services$— $0.2 $— $0.5 
Insurance recoveries— (6.2)— (6.7)
Total UTIS fire— (6.0)— (6.2)
(Gain) loss on sale or disposal of property, plant and equipment— (0.5)— (0.5)
Total other operating (income) expense, net$— $(6.5)$— $(6.7)
Schedule of Components of Interest Expense, Net
The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedSix Months Ended
(Dollars in millions)June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Interest on revolving credit facility$— $(3.0)$(0.5)$(6.4)
Line of credit fees(0.3)— (0.6)(0.3)
Debt issuance amortization costs(0.1)(0.1)(0.2)(0.4)
Interest income0.2 0.3 0.3 0.8 
Total interest expense, net$(0.2)$(2.8)$(1.0)$(6.3)