Restructuring, Exit and Integration Activities (Tables)

6 Months Ended

Jul. 01, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

The following table is a summary of these expenses for the three months ended July 1, 2023:

(in millions)	Engine P&A		Navico Group		Boat		Corporate		Total
Restructuring, exit and impairment activities:
Employee termination and other benefits	$	0.3	$	7.1	$	4.5	$	—	$	11.9
Asset-related	—		0.2		—		—		0.2
Professional fees	—		—		—		1.8		1.8
Total restructuring, exit and impairment charges	$	0.3	$	7.3	$	4.5	$	1.8	$	13.9
Total cash payments for restructuring, exit and impairment charges (A)	$	0.3	$	4.0	$	4.0	$	3.3	$	11.6
Accrued charges at end of the period (B)	$	0.5	$	8.3	$	1.2	$	2.0	$	12.0

(A) Cash payments for the three months ended July 1, 2023 may include payments related to prior period charges.

(B) Restructuring, exit and impairment charges accrued as of July 1, 2023 are expected to be paid in the next twelve months.

The following table is a summary of these expenses for the six months ended July 1, 2023:

(in millions)	Engine P&A		Navico Group		Boat		Corporate		Total
Restructuring, exit and impairment activities:
Employee termination and other benefits	$	1.0	$	9.5	$	5.9	$	0.7	$	17.1
Asset-related	—		1.4		—		—		1.4
Professional fees	—		—		—		4.9		4.9
Total restructuring, exit and impairment charges	$	1.0	$	10.9	$	5.9	$	5.6	$	23.4
Total cash payments for restructuring, exit and impairment charges (A)	$	0.5	$	5.3	$	4.7	$	3.6	$	14.1
Accrued charges at end of the period (B)	$	0.5	$	8.3	$	1.2	$	2.0	$	12.0

(A) Cash payments for the six months ended July 1, 2023 may include payments related to prior period charges.

(B) Restructuring, exit and impairment charges accrued as of July 1, 2023 are expected to be paid in the next twelve months.