
	Three Months Ended September 30, 2025
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total
Realignment Charges
Restructuring Charges
COS	$	21,105	$	1,748	$	22,853	$	(524)	$	22,329
SG&A	210		2,220		2,430		—		2,430

	$	21,315	$	3,968	$	25,283	$	(524)	$	24,759
Non-Restructuring Charges
COS	$	523	$	2,638	$	3,161	$	(9)	$	3,152
SG&A	(122)		175		53		2,088		2,141

	$	401	$	2,813	$	3,214	$	2,079	$	5,293





Total Realignment Charges
COS	$	21,628	$	4,386	$	26,014	$	(533)	$	25,481
SG&A	88		2,395		2,483		2,088		4,571

Total	$	21,716	$	6,781	$	28,497	$	1,555	$	30,052


	Three Months Ended September 30, 2024
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total
Realignment Charges
Restructuring Charges
COS	$	7,856	$	(2,342)	$	5,514	$	—	$	5,514
SG&A	484		1,254		1,738		—		1,738

	$	8,340	$	(1,088)	$	7,252	$	—	$	7,252
Non-Restructuring Charges
COS	$	559	$	752	$	1,311	$	(12)	$	1,299
SG&A	232		125		357		47		404

	$	791	$	877	$	1,668	$	35	$	1,703





Total Realignment Charges
COS	$	8,415	$	(1,590)	$	6,825	$	(12)	$	6,813
SG&A	716		$	1,379	2,095		47		2,142

Total	$	9,131	$	(211)	$	8,920	$	35	$	8,955




	Nine Months Ended September 30, 2025
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total

Restructuring Charges
COS	$	25,508	$	10,038	$	35,546	$	(524)	$	35,022
SG&A	2,031		(1,285)		746		—		746

	$	27,539	$	8,753	$	36,292	$	(524)	$	35,768
Non-Restructuring Charges
COS	$	987	$	4,666	$	5,653	$	(75)	$	5,578
SG&A	(1,191)		55		(1,136)		1,871		735

	$	(204)	$	4,721	$	4,517	$	1,796	$	6,313






Total Realignment Charges
COS	$	26,495	$	14,704	$	41,199	$	(599)	$	40,600
SG&A	840		(1,230)		(390)		1,871		1,481

Total	$	27,335	$	13,474	$	40,809	$	1,272	$	42,081




	Nine Months Ended September 30, 2024
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total

Restructuring Charges
COS	$	19,264	$	(2,198)	$	17,066	$	—	$	17,066
SG&A	1,235		1,185		2,420		(28)		2,392
Loss on sale of business (1)	—		12,981		12,981		—		12,981
	$	20,499	$	11,968	$	32,467	$	(28)	$	32,439
Non-Restructuring Charges
COS	$	1,573	$	1,595	$	3,168	$	(228)	$	2,940
SG&A	(199)		256		57		920		977

	$	1,374	$	1,851	$	3,225	$	692	$	3,917






Total Realignment Charges
COS	$	20,837	$	(603)	$	20,234	$	(228)	$	20,006
SG&A	1,036		1,441		2,477		892		3,369
Loss on sale of business (1)	—		12,981		12,981		—		12,981
Total	$	21,873	$	13,819	$	35,692	$	664	$	36,356

(1) Loss on sale of business related to NAF AB control valves business as described within Note 1, "Basis of Presentation and Accounting Policies," to our condensed consolidated financial statements included in this Quarterly Report.


	Inception to Date
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total
Realignment Charges
Restructuring Charges
COS	$	25,508	$	10,038	$	35,546	$	(524)	$	35,022
SG&A	2,031		(1,285)		746		—		746

	$	27,539	$	8,753	$	36,292	$	(524)	$	35,768
Non-Restructuring Charges
COS	$	3,929	$	4,666	$	8,595	$	(75)	$	8,520
SG&A	(1,191)		55		(1,136)		1,871		735

	$	2,738	$	4,721	$	7,459	$	1,796	$	9,255





Total Realignment Charges
COS	$	29,437	$	14,704	$	44,141	$	(599)	$	43,542
SG&A (1)	840		(1,230)		(390)		1,871		1,481

Total	$	30,277	$	13,474	$	43,751	$	1,272	$	45,023

(1) Includes the immaterial reversal of previously recognized realignment charges associated with our 2023 Realignment Programs and an immaterial non-cash gain recognized on the early cancellation of certain lease agreements and the resulting write-off of the remaining operating lease liabilities associated with our 2023 Realignment Programs, which were recognized in the first and second quarters of 2025, respectively. Our 2023 Realignment Programs are substantially completed.


	Inception to Date
(Amounts in thousands)	FPD		FCD		Subtotal - Reportable Segments		All Other		Consolidated Total
Restructuring Charges
COS	$	27,076	$	5,041	$	32,117	$	66	$	32,183
SG&A	1,355		12,376		13,731		(28)		13,703
Loss on sale of business (1)	—		12,981		12,981		—		12,981
	$	28,431	$	30,398	$	58,829	$	38	$	58,867
Non-Restructuring Charges
COS	$	11,506	$	6,612	$	18,118	$	(655)	$	17,463
SG&A	14,256		2,112		16,368		19,893		$	36,261
	$	25,762	$	8,724	$	34,486	$	19,238	$	53,724
Total Realignment Charges
COS	$	38,582	$	11,653	$	50,235	$	(589)	$	49,646
SG&A	15,611		14,488		30,099		19,865		$	49,964
Loss on sale of business (1)	—		12,981		12,981		—		$	12,981
Total	$	54,193	$	39,122	$	93,315	$	19,276	$	112,591

Restructuring charges represent costs associated with the relocation or reorganization of certain business activities and facility closures and include costs related to employee severance at closed facilities, contract termination costs, asset write-downs and other costs. Severance costs primarily include costs associated with involuntary termination benefits. Contract termination costs include costs related to the termination of operating leases or other contract termination costs. Asset write-downs include accelerated depreciation of fixed assets, accelerated amortization of intangible assets, divestiture of certain non-strategic assets and inventory write-downs. Other costs generally include costs related to employee relocation, asset relocation, vacant facility costs (i.e., taxes and insurance) and other charges. Restructuring charges include charges related to approved, but not yet announced, facility closures.


	Three Months Ended September 30, 2025
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	20,772	$	—	$	116	$	1,441	$	22,329
SG&A	2,322		—		(1)		109		2,430

Total	$	23,094	$	—	$	115	$	1,550	$	24,759


	Three Months Ended September 30, 2024
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	2,593	$	—	$	2,597	$	324	$	5,514
SG&A	(1,055)		—		2,455		338		1,738

Total	$	1,538	$	—	$	5,052	$	662	$	7,252


	Nine Months Ended September 30, 2025
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	28,493	$	—	$	2,560	$	3,969	$	35,022
SG&A (2)	3,600		(3,505)		56		595		746

Total	$	32,093	$	(3,505)	$	2,616	$	4,564	$	35,768


	Nine Months Ended September 30, 2024
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	6,489	$	—	$	9,104	$	1,473	$	17,066
SG&A	(269)		—		2,702		(41)		2,392
Loss on sale of business (1)	—		—		—		12,981		12,981
Total	$	6,220	$	—	$	11,806	$	14,413	$	32,439

(2) 2025 Contract Termination charges within SG&A include an immaterial non-cash gain recognized on the early cancellation of certain lease agreements and the resulting write-off of the remaining operating lease liabilities associated with our 2023 Realignment Programs. Our 2023 Realignment Programs are substantially completed.


	Inception to Date
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	28,493	$	—	$	2,560	$	3,969	$	35,022
SG&A (2)	3,600		(3,505)		56		595		746

Total	$	32,093	$	(3,505)	$	2,616	$	4,564	$	35,768

(2) Contract Termination charges within SG&A includes an immaterial non-cash gain from the early cancellation of certain lease agreements and the resulting write-off of the remaining operating lease liabilities associated with our 2023 Realignment Programs. Our 2023 Realignment Programs are substantially completed.


	Inception to Date
(Amounts in thousands)	Severance		Contract Termination		Asset Write-Downs (Gains)		Other		Total
COS	$	14,164	$	301	$	13,655	$	4,063	$	32,183
SG&A	1,106		—		12,621		(24)		13,703
Loss on sale of business (1)	—		—		—		12,981		12,981
Total	$	15,270	$	301	$	26,276	$	17,020	$	58,867

The following represents the activity, primarily severance charges from reductions in force, related to the restructuring reserves for the nine months ended September 30, 2025 and 2024:


(Amounts in thousands)	2025		2024
Balance at January 1,	$	8,300	$	8,184
Charges, net of adjustments	33,992		6,541
Cash expenditures	(8,887)		(3,012)
Other non-cash adjustments, including currency	1,728		(1,894)
Balance at September 30,	$	35,133	$	9,819