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Restructuring and Other Impairment Activities (Tables) | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Total Restructuring, Restructuring Related, and Impairment Expense and Changes in Restructuring Liabilities | The following table summarizes total restructuring and other impairment expense (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Filtration and Advanced Materials(1) |  |  |  |  |  |  |
Severance and termination benefits | $ | 1.8 |  |  | $ | 0.7 |  |  | $ | 2.1 |  |  | $ | 3.5 |
Other exit costs | 0.4 |  |  | 0.5 |  |  | 0.8 |  |  | 1.0 |
FAM restructuring expense | 2.2 |  |  | 1.2 |  |  | 2.9 |  |  | 4.5 |
Sustainable and Adhesive Solutions(2) |  |  |  |  |  |  |
Severance and termination benefits | 0.2 |  |  | 2.1 |  |  | 0.4 |  |  | 10.1 |
Other exit costs | — |  |  | 0.9 |  |  | 0.1 |  |  | 1.0 |
SAS restructuring expense | 0.2 |  |  | 3.0 |  |  | 0.5 |  |  | 11.1 |
Unallocated |  |  |  |  |  |  |
Severance and termination benefits | 1.4 |  |  | 0.3 |  |  | 1.4 |  |  | 3.1 |
Other exit costs | — |  |  | 0.1 |  |  | — |  |  | 0.3 |
Unallocated restructuring expense | 1.4 |  |  | 0.4 |  |  | 1.4 |  |  | 3.4 |
Total restructuring expense | 3.8 |  |  | 4.6 |  |  | 4.8 |  |  | 19.0 |
Filtration and Advanced Materials |  |  |  |  |  |  |
Other impairment expense | — |  |  | — |  |  | 5.3 |  |  | — |
Sustainable and Adhesive Solutions |  |  |  |  |  |  |
Other impairment expense | — |  |  | 7.2 |  |  | — |  |  | 7.2 |
Total restructuring and other impairment expense | $ | 3.8 |  |  | $ | 11.8 |  |  | $ | 10.1 |  |  | $ | 26.2 |
(1)Includes costs associated with facility closures announced in prior years of $0.3 million and $0.8 million for the three months ended June 30, 2025 and 2024, respectively and $0.7 million and $1.6 million for the six months ended June 30, 2025 and 2024, respectively. Through June 30, 2025, the Company has recognized accumulated restructuring and impairment charges of $11.0 million related to an ongoing facility closure. During the remainder of 2025, the Company expects to record additional restructuring costs in the FAM segment, not expected to exceed $1.0 million related to the closure of this facility. (2)Includes costs associated with facility closures announced in prior years of $0.8 million and $1.7 million for the three and six months ended June 30, 2024, respectively, related to facilities closed in prior years. The following table summarizes changes in restructuring liabilities (in millions):
| 2025 |  | 2024
Balance at beginning of the period | $ | 2.2 |  |  | $ | 3.8 |
Charges for restructuring programs | 4.8 |  |  | 19.0 |
Cash payments and other | (3.1) |  |  | (18.0) |
Balance at end of the period | $ | 3.9 |  |  | $ | 4.8 |

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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 -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
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