RESTRUCTURING COSTS (Tables)

12 Months Ended

Dec. 31, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

The following tables summarize the respective balances related to these restructuring activities:

In thousands	Restructuring Liability as of December 31, 2019		Provision		Cash Payments		Restructuring Liability as of December 31, 2020
Commercial/Industrial
Severance	$	—	$	12,075	$	(9,796)	$	2,279
Facility closure and other exit costs	—		4,534		(4,057)		477
Total Commercial/Industrial	$	—	$	16,609	$	(13,853)	$	2,756
Defense
Severance	$	—	$	3,150	$	(2,937)	$	213
Facility closure and other exit costs	—		40		(40)		—
Total Defense	$	—	$	3,190	$	(2,977)	$	213
Power
Severance	$	—	$	5,972	$	(2,131)	$	3,841
Facility closure and other exit costs	—		1,357		(1,223)		134
Total Power	$	—	$	7,329	$	(3,354)	$	3,975
Consolidated
Severance	$	—	$	21,197	$	(14,864)	$	6,333
Facility closure and other exit costs	—		5,931		(5,320)		611
Total consolidated	$	—	$	27,128	$	(20,184)	$	6,944

A reconciliation of total pre-tax restructuring charges is as follows:

	Affected line item in the Consolidated Statement of Earnings
		Year ended
(In thousands)		December 31, 2020
Inventory write-downs	Cost of product sales	$	9,184
Severance, facility closure, and other exit costs	Restructuring expenses	27,128
Property, plant, and equipment & operating lease right-of-use asset impairments	Restructuring expenses	4,567
		$	31,695
Pension-related charges	Other income, net	$	1,846
Total restructuring charges	Earnings before income taxes	$	42,725