RESTRUCTURING COSTS (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Summary of Restructuring Costs by Business Segment

Restructuring costs by business segment were as follows:

	Three months ended September 30, 2022		Three months ended September 30, 2021		Nine months ended September 30, 2022		Nine months ended September 30, 2021
Americas	$	0.4	$	0.3	$	1.4	$	2.4
Asia Pacific	(1.7)		—		(1.7)		3.4
Europe, Middle East & Africa (1)	(0.1)		(4.1)		0.6		(6.8)
Corporate	(0.1)		—		(0.2)		0.3
Total	$	(1.5)	$	(3.8)	$	0.1	$	(0.7)

(1)    During the third quarter of 2021, a previously recorded restructuring reserve was reversed due to the planned sale of a heavy industrial UPS business. In order to adjust the business to the current fair value, less expected costs to sell, the Company recorded a $8.7 impairment in “Asset impairments” on the Unaudited Condensed Consolidated Statements of Earnings (Loss) for the three and nine months ended September 30, 2021.

Summary of the Change in the Liability for the Restructuring of Operations

The change in the liability for the restructuring of operations during the nine months ended September 30, 2022 were as follows:

	December 31, 2021		Expense		Paid/Utilized		September 30, 2022
Severance and benefits	$	33.8	$	(1.7)	$	(15.7)	$	16.4
Plant closing and other	0.2		1.8		(1.8)		0.2
Total	$	34.0	$	0.1	$	(17.5)	$	16.6

The change in the liability for the restructuring of operations during the nine months ended September 30, 2021 were as follows:

	December 31, 2020		Expense		Paid/Utilized		September 30, 2021
Severance and benefits	$	68.9	$	(4.8)	$	(21.0)	$	43.1
Plant closing and other	0.4		4.1		(3.9)		0.6
Total	$	69.3	$	(0.7)	$	(24.9)	$	43.7