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Integration, Realignment and Restructuring | 3 Months Ended
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Mar. 30, 2025
Restructuring and Related Activities [Abstract] |
Integration, Realignment and Restructuring | 6. Integration, Realignment and Restructuring 2025 Actions In the first quarter of 2025, the Company launched various initiatives aimed at integrating MRP and other prior acquisitions, combining operating segments, and further aligning processes and technology across the Company. The costs incurred related to these integration and realignment initiatives totaled $10.7 million during the first quarter of 2025. The integration and realignment costs consisted of $5.3 million of IT-related charges, $4.4 million of severance and $1.0 million of fees and other costs to execute the initiatives. The severance costs incurred as a part of these efforts are accounted for in accordance with ASC 712 Compensation - Nonretirement Postemployment Benefits. The integration and realignment costs are recorded in selling, general and administrative (“SG&A”) expenses in the consolidated statements of earnings. The integration and realignment costs included in SG&A are detailed below (in millions of dollars):
| First Quarter 2025
| IT-related Charges |  | Severance |  | Fees and Other |  | Total
Enterprise Talent Management | $ | — |  |  | $ | 2.7 |  |  | $ | — |  |  | $ | 2.7 |
Science, Engineering & Technology | — |  |  | 1.1 |  |  | — |  |  | 1.1 |
Corporate | 5.3 |  |  | 0.6 |  |  | 1.0 |  |  | 6.9 |
Total | $ | 5.3 |  |  | $ | 4.4 |  |  | $ | 1.0 |  |  | $ | 10.7 |
2024 Actions In the first quarter of 2024, the Company incurred $2.3 million of restructuring charges and transformation fees as a continuation of the comprehensive transformation initiative that was announced in the second quarter of 2023. The transformation activities included $1.1 million of severance and $1.2 million of costs to execute the transformation through the use of an external consultant. The Company's 2024 restructuring actions are complete with no remaining liability as of first quarter-end 2025. No material adjustments are expected to be recorded. The restructuring and transformation costs included in SG&A are detailed below (in millions of dollars):
| First Quarter 2024
| Severance Costs |  | Transformation Costs |  | Total
Enterprise Talent Management | $ | 0.7 |  |  | $ | — |  |  | $ | 0.7 |
Corporate | 0.4 |  |  | 1.2 |  |  | 1.6 |
Total | $ | 1.1 |  |  | $ | 1.2 |  |  | $ | 2.3 |

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- 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
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