Restructuring and Other Related Charges (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring and other related charges

Restructuring and other related charges for the years ended December 31 were as follows:

($ in millions)	2022		2021		2020
Employee severance related	$	10.6	$	11.5	$	4.9
Facility exit and other related	0.9		1.6		—
Total restructuring and other related charges	$	11.5	$	13.1	$	4.9

These charges are reflected in the following captions in the accompanying Consolidated and Combined Statements of Earnings and Comprehensive Income for the years ended December 31:

($ in millions)	2022		2021		2020
Cost of sales	$	3.2	$	2.5	$	0.2
Selling, general and administrative expenses	8.3		10.6		4.7
Total	$	11.5	$	13.1	$	4.9

Accrual balance and utilization by type of restructuring cost

The table below summarizes the accrual balance and utilization by type of restructuring cost associated with our restructuring actions: 

($ in millions)	Balance as of January 1, 2021		Costs Incurred		Paid / Settled		Balance as of December 31, 2021		Costs Incurred		Paid / Settled		Balance as of December 31, 2022
Employee severance and related	$	3.3	$	11.5	$	(10.0)	$	4.8	$	10.6	$	(13.9)	$	1.5
Facility exit and other related	—		1.6		(0.5)		1.1		0.9		(0.9)		1.1
Total	$	3.3	$	13.1	$	(10.5)	$	5.9	$	11.5	$	(14.8)	$	2.6