Restructuring Activities (Tables)

6 Months Ended

Jul. 03, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The Company initiated restructuring related activities during the six months ended July 3, 2020. The related liability, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, is summarized below ($ in millions):

	Employee Severance and Related			Facility Exit and Related			Total
Balance at December 31, 2019	$	5.6		$	—		$	5.6
Costs incurred	45.6			7.3			52.9
Paid/settled	(15.5		)	(5.2		)	(20.7		)
Balance at July 3, 2020	$	35.7		$	2.1		$	37.8

Schedule of Restructuring Reserve by Type of Cost

Restructuring related charges recorded for the three and six months ended July 3, 2020 and June 28, 2019, by segment were as follows ($ in millions): 

	Three Months Ended				Six Months Ended
	July 3, 2020		June 28, 2019		July 3, 2020		June 28, 2019
Specialty Products & Technologies	$	15.7	$	3.5	$	16.5	$	3.2
Equipment & Consumables	41.2		1.3		52.0		3.6
Other	3.0		—		3.7		—
Total	$	59.9	$	4.8	$	72.2	$	6.8

The restructuring related charges incurred during the three and six months ended July 3, 2020 and June 28, 2019, are reflected in the following captions in the accompanying Condensed Consolidated and Combined Statements of Operations ($ in millions):

	Three Months Ended				Six Months Ended
	July 3, 2020		June 28, 2019		July 3, 2020		June 28, 2019
Cost of sales	$	23.9	$	0.9	$	26.7	$	1.8
Selling, general and administrative expenses	36.0		3.9		45.5		5.0
Total	$	59.9	$	4.8	$	72.2	$	6.8