RESTRUCTURING COSTS (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

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

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		Expense		December 31, 2023
Severance and benefits	$	15.3	$	(17.2)	$	27.0	$	25.1
Plant closing and other	0.1		(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, 2021		Paid/Utilized		Expense		December 31, 2022
Severance and benefits	$	33.8	$	(16.7)	$	(1.8)	$	15.3
Plant closing and other	0.2		(2.6)		2.5		0.1
Total	$	34.0	$	(19.3)	$	0.7	$	15.4

Summary of Restructuring Costs by Segment

Restructuring expense by business segment were as follows:

	December 31, 2023		December 31, 2022		December 31, 2021
Americas	$	6.0	$	1.9	$	4.0
Asia Pacific	14.1		(1.7)		3.1
Europe, Middle East & Africa(1)	3.7		0.7		(7.1)
Corporate	4.8		(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.