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Restructuring

9 Months Ended

Sep. 29, 2024

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

The $0.5 million and $2.3 million restructuring charge in the third quarter and first nine months, respectively, of 2024 predominantly relates to continued costs aimed at reducing our fixed cost structure and realigning our business.

Restructuring-related costs by reportable segment were as follows:

									Third Quarter												Year-to-date
			In millions						2024						2023						2024						2023
			Severance and other costs
			Gas Cylinders						$	0.5					$	1.1					$	2.1					$	1.6
			Elektron						—						0.1						0.2						0.1
									$	0.5					$	1.2					$	2.3					$	1.7
			Asset impairments
			Gas Cylinders						$	—					$	0.3					$	—					$	2.6
			Elektron segment						—						0.1						—						0.1
									$	—					$	0.4					$	—					$	2.7
			Total restructuring charges						$	0.5					$	1.6					$	2.3					$	4.4

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

			In millions			2024
			Balance at January 1,			$	3.3
			Costs incurred			2.3
			Cash payments and other			(2.4)
			Balance at September 29,			$	3.2

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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)
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-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-Section 50
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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
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
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-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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