Restructuring Actions (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs

The following table provides restructuring costs by component and by segment.

For the Year Ended December 31	2022		2021		2020
By component:
Severance and other employee-related costs	$	3.5	$	8.0	$	41.5
Asset write-offs	0.1		0.6		—
Other	0.2		1.0		1.5
Total restructuring costs	$	3.8	$	9.6	$	43.0
By segment:
Motion Technologies	$	2.7	$	3.9	$	12.7
Industrial Process	1.3		3.1		19.5
Connect & Control Technologies	—		2.4		8.5
Corporate and Other	(0.2)		0.2		2.3
Total restructuring costs	$	3.8	$	9.6	$	43.0

Schedule of Restructuring Accruals

The following table displays a rollforward of our total restructuring liability, presented within Accrued liabilities on our Consolidated Balance Sheets.

	2022		2021
Restructuring liability as of January 1	$	11.0	$	19.1
Restructuring costs	5.1		11.7
Reversal of prior accruals	(1.3)		(2.1)
Cash payments	(10.5)		(16.5)
Asset write-offs	(0.1)		(0.6)
Foreign exchange translation and other	(0.3)		(0.6)
Restructuring liability as of December 31	$	3.9	$	11.0
By accrual type:
Severance and other employee-related	$	3.9	$	10.9
Other	—		0.1

Expected Restructuring Costs by Segment Global Restructuring Plan

The following table summarizes our restructuring costs incurred during 2022 and the cumulative costs incurred through December 31, 2022 by segment related to the 2020 Global Restructuring Plan.

	Incurred in 2022		Incurred to Date
Motion Technologies	$	(0.1)	$	12.6
Industrial Process	0.4		22.8
Connect & Control Technologies	—		8.8
Corporate and Other	—		2.6
Total	$	0.3	$	46.8

Restructuring Rollforward Global Restructuring Plan

The following table displays a rollforward of our restructuring liability related to the 2020 Global Restructuring Plan, which we expect to be substantially paid during 2023.

	2022		2021
Beginning balance as of January 1	$	4.8	$	17.1
Restructuring costs	0.3		2.5
Cash payments	(3.1)		(13.6)
Asset write-offs	(0.1)		(0.6)
Foreign exchange translation and other	(0.8)		(0.6)
Ending balance as of December 31	$	1.1	$	4.8