Restructuring (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring Related Costs

Restructuring related costs included in Selling, general and administrative expense in the Condensed Consolidated Statements of Income and Comprehensive Income included costs for severance and other restructuring costs as follows:

 

	Three months ended
In millions	March 31, 2024		March 31, 2023
Severance and related costs	$	0.9	$	1.2
Other	0.4		2.8
Total restructuring costs	$	1.3	$	4.0

Restructuring Costs By Segment

Restructuring costs by reportable segment were as follows:

	Three months ended
In millions	March 31, 2024		March 31, 2023
Enclosures	$	0.3	$	0.6
Electrical & Fastening Solutions	0.6		0.2
Thermal Management	0.1		2.9
Other	0.3		0.3
Total	$	1.3	$	4.0

Restructuring Accrual Activity Recorded on Consolidated Balance Sheets

Activity related to accrued severance and related costs recorded in Other current liabilities in the Condensed Consolidated -Balance Sheets is summarized as follows:

	Three months ended
In millions	March 31, 2024		March 31, 2023
Beginning balance	$	2.9	$	2.4
Costs incurred	0.9		1.2
Cash payments and other	(1.5)		(2.0)
Ending balance	$	2.3	$	1.6