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RESTRUCTURING COSTS
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
RESTRUCTURING COSTS RESTRUCTURING COSTS
Restructuring costs include expenses associated with the Company’s efforts to continually improve operational efficiency and reposition its assets to remain competitive on a worldwide basis. Plant closing and other costs include lease and contract termination costs of moving fixed assets, employee training, relocation, and facility costs. These costs are recorded in “Restructuring costs” on the Consolidated Statements of Earnings (Loss).
The Company has an on-going multi-year restructuring program to align its cost structure to support margin expansion targets. The program includes workforce reductions and footprint optimization across all segments. The current liability and non-current liability for estimated restructuring costs is recorded in "Accrued expenses and other liabilities” and "Other long-term liabilities", respectively, on the Consolidated Balance Sheets.
The change in the current liability for restructuring costs for the year ended December 31, 2023 were as follows:
December 31, 2022 Paid/Utilized  ExpenseDecember 31, 2023
Severance and benefits$15.3 $(17.2)$27.0 $25.1 
Plant closing and other0.1 (1.6)1.6 0.1 
Total$15.4 $(18.8)$28.6 $25.2 
The change in the current liability for restructuring costs for the year ended December 31, 2022 were as follows:
December 31, 2021Paid/Utilized ExpenseDecember 31, 2022
Severance and benefits$33.8 $(16.7)$(1.8)$15.3 
Plant closing and other0.2 (2.6)2.5 0.1 
Total$34.0 $(19.3)$0.7 $15.4 
Restructuring expense by business segment were as follows:
December 31, 2023December 31, 2022December 31, 2021
Americas$6.0 $1.9 $4.0 
Asia Pacific14.1 (1.7)3.1 
Europe, Middle East & Africa(1)
3.7 0.7 (7.1)
Corporate4.8 (0.2)1.4 
Total$28.6 $0.7 $1.4 
(1)     During 2021, a previously recorded restructuring reserve was relieved due to the sale of a heavy industrial UPS business, refer to “Note 5 - Goodwill and Other Intangibles” for more information.