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Restructuring charges

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Restructuring charges

Restructuring charges

During 2023, 2022 and 2021, we initiated and continued execution of certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business.

All restructuring charges in the consolidated statements of income are in relation to severance and related costs for 2023, 2022 and 2021.

Restructuring costs by reportable segment were as follows:

									Years ended December 31,
			In millions						2023						2022						2021
			Severance and other costs
			Gas Cylinders Segment						$	(2.9)					$	(1.7)					$	(5.3)
			Elektron Segment						(0.3)						(0.2)						(0.9)
									$	(3.2)					$	(1.9)					$	(6.2)
			Asset impairments
			Gas Cylinders Segment						$	(3.0)					$	—					$	—
			Elektron Segment						(0.2)						—						—
									$	(3.2)					$	—					$	—
			Total restructuring charges						(6.4)						(1.9)						(6.2)

Activity related to restructuring, recorded in other current liabilities in the consolidated balance sheets is summarized as follows:

			In millions			2023						2022
			Balance at January 1,			$	3.7					$	11.7
			Costs incurred			3.2						1.9
			Cash payments and other			(3.6)						(9.9)
			Balance at December 31,			$	3.3					$	3.7

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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 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482017/420-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-URI https://asc.fasb.org//420/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-Name Accounting Standards Codification
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-Paragraph 1
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-Publisher FASB
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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