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Restructuring Actions (Notes)
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Actions
RESTRUCTURING ACTIONS
From time to time, we initiate restructuring actions to optimize our cost structure, improve operational efficiencies, align our workforce with strategic business initiatives, or integrate acquired businesses. For the years ended December 31, 2023, 2022, and 2021, none of our restructuring activities were considered individually significant. Restructuring costs are recorded within General and administrative expenses in our Consolidated Statements of Operations.
The following table summarizes our restructuring costs by component and by segment.
For the Year Ended December 31202320222021
By component:
Severance and other employee-related costs$8.0 $3.5 $8.0 
Asset write-offs
1.8 0.1 0.6 
Other
0.1 0.2 1.0 
Total restructuring costs$9.9 $3.8 $9.6 
By segment:
Motion Technologies
$4.0 $2.7 $3.9 
Industrial Process
4.6 1.3 3.1 
Connect & Control Technologies
1.3 — 2.4 
Corporate and Other
— (0.2)0.2 
Total restructuring costs$9.9 $3.8 $9.6 
The following table displays a rollforward of our total restructuring liability, which is included within Accrued and other current liabilities in our Consolidated Balance Sheets.
20232022
Restructuring liability as of January 1$3.9 $11.0 
Restructuring costs
10.9 5.1 
Reversal of prior accruals(1.0)(1.3)
Cash payments
(7.3)(10.5)
Asset write-offs
(1.8)(0.1)
Foreign exchange translation and other
0.1 (0.3)
Restructuring liability as of December 31$4.8 $3.9 
By accrual type:
Severance and other employee-related
$4.5 $3.9 
Other
0.3 —