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Restructuring Activities And Related Impairments
6 Months Ended
Jul. 01, 2022
Restructuring and Related Activities [Abstract]  
Restructuring Activities And Related Impairments RESTRUCTURING ACTIVITIES AND RELATED IMPAIRMENTS
Restructuring Activities
The Company’s restructuring activities are undertaken as necessary to implement management’s strategy, streamline operations, take advantage of available capacity and resources, and ultimately achieve net cost reductions. These activities generally relate to the realignment of existing manufacturing capacity and closure of facilities and other exit or disposal activities, as it relates to executing the Company’s strategy, either in the normal course of business or pursuant to significant restructuring programs.
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, December 31, 2021$21.4 $0.5 $21.9 
Costs incurred6.8 3.0 9.8 
Paid/settled(10.7)(3.2)(13.9)
Balance, July 1, 2022$17.5 $0.3 $17.8 

Restructuring related charges recorded for the three and six months ended July 1, 2022 and July 2, 2021, by segment were as follows ($ in millions): 
Three Months EndedSix Months Ended
July 1, 2022July 2, 2021July 1, 2022July 2, 2021
Specialty Products & Technologies$4.2 $3.6 $8.2 $7.0 
Equipment & Consumables9.3 2.5 8.4 4.4 
Other1.3 1.3 1.9 3.8 
Total$14.8 $7.4 $18.5 $15.2 
The restructuring related charges incurred during the three and six months ended July 1, 2022 and July 2, 2021, are reflected in the following captions in the accompanying Condensed Consolidated Statements of Income ($ in millions):
Three Months EndedSix Months Ended
July 1, 2022July 2, 2021July 1, 2022July 2, 2021
Cost of sales$6.9 $3.1 $6.6 $6.0 
Selling, general and administrative expenses7.9 4.3 11.9 9.2 
Total$14.8 $7.4 $18.5 $15.2