Restructuring (Tables)

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

We recorded restructuring (gains) charges, net which are reflected in the Condensed Consolidated Statements of Operations, as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2022		2021		2022		2021
Process Flow Technologies	$	—	$	—	—		(12.6)
Payment & Merchandising Technologies	—		(0.2)		—		(0.7)
Total restructuring (gains) charges, net	$	—	$	(0.2)	$	—	$	(13.3)

The following table summarizes our restructuring gains, net by program, cost type and segment for the six months ended June 30, 2022 and 2021:

	Six Months Ended June 30,2022						Six Months Ended June 30,2021
(in millions)	Severance		Other		Total		Severance		Other		Total
Payment & Merchandising Technologies	$	—	$	—	$	—	$	(0.5)	$	—	$	(0.5)
2020 Repositioning	$	—	$	—	$	—	$	(0.5)	$	—	$	(0.5)
Process Flow Technologies	$	—	$	—	$	—	$	0.1	$	—	$	0.1
2019 Repositioning	$	—	$	—	$	—	$	0.1	$	—	$	0.1
Process Flow Technologies 1	$	—	$	—	$	—	$	—	$	(12.7)	$	(12.7)
Payment & Merchandising Technologies	—		—		—		(0.2)		—		(0.2)
2017 Repositioning	$	—	$	—	$	—	$	(0.2)	$	(12.7)	$	(12.9)
Total	$	—	$	—	$	—	$	(0.6)	$	(12.7)	$	(13.3)

1 Reflects a pre-tax gain related to the sale of real estate in 2021

The following table summarizes the cumulative restructuring costs, net incurred through June 30, 2022. We do not expect to incur additional facility consolidation costs to complete these actions as of June 30, 2022.

	Cumulative Restructuring Costs, Net
(in millions)	Severance		Other		Total
Aerospace & Electronics	$	6.5	$	—	$	6.5
Process Flow Technologies	3.7		—		3.7
Payment & Merchandising Technologies	15.8		1.8		17.6
2020 Repositioning	$	26.0	$	1.8	$	27.8
Process Flow Technologies	$	16.1	$	—	$	16.1
2019 Repositioning	$	16.1	$	—	$	16.1
Aerospace & Electronics	$	1.3	$	(1.4)	$	(0.1)
Process Flow Technologies	13.1		(12.7)		0.4
Payment & Merchandising Technologies	11.5		0.7		12.2
2017 Repositioning	$	25.9	$	(13.4)	$	12.5

Restructuring Liability

The following table summarizes the accrual balances related to each restructuring program:

(in millions)	2019 Repositioning		2017 Repositioning		Total
Severance:
Balance at December 31, 2021 (a)	$	11.5	$	0.7	$	12.2
Utilization	(6.1)		(0.6)		(6.7)
Balance at June 30, 2022 (a)	$	5.4	$	0.1	$	5.5

(a) Included within Accrued Liabilities in the Condensed Consolidated Balance Sheets