Restructuring and Other Related Charges (Tables)

12 Months Ended

Dec. 31, 2017

Restructuring and Related Activities [Abstract]

Restructuring and other related charges [Text Block]

Restructuring and other related charges recorded for the years ended December 31 by segment were as follows ($ in millions):

	2017		2016		2015
Professional Instrumentation	$	12.8	$	6.8	$	9.4
Industrial Technologies	6.2		15.3		14.9
Total	$	19.0	$	22.1	$	24.3

These charges are reflected in the following captions in the accompanying Consolidated and Combined Statements of Earnings ($ in millions):

	2017		2016		2015
Cost of sales	$	2.0	$	8.1	$	5.9
Selling, general and administrative expenses	17.0		14.0		18.4
Total	$	19.0	$	22.1	$	24.3

Restructuring and other related charges for the years ended December 31 were as follows ($ in millions):

	2017		2016		2015
Employee severance related	$	14.2	$	14.7	$	11.8
Facility exit and other related	2.5		2.6		0.5
Impairment charges	2.3		4.8		12.0
Total restructuring and other related charges	$	19.0	$	22.1	$	24.3

Accrual balance and utilization by type of restructuring cost

The table below summarizes the accrual balance and utilization by type of restructuring cost associated with our 2017 and 2016 restructuring actions ($ in millions): 

	Balance as of January 1, 2016		Costs Incurred		Paid/ Settled			Balance  as of December 31, 2016		Costs Incurred		Paid/ Settled			Balance as of December 31, 2017
Employee severance and related	$	10.6	$	14.7	$	(15.7	)	$	9.6	$	14.2	$	(13.8	)	$	10.0
Facility exit and other related	0.9		7.4		(7.2		)	1.1		4.8		(5.1		)	0.8
Total	$	11.5	$	22.1	$	(22.9	)	$	10.7	$	19.0	$	(18.9	)	$	10.8