Restructuring Costs

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

During 2022, we incurred costs for restructuring actions initiated in 2022 as well as costs relating to restructuring actions initiated in the prior year. Our restructuring actions are associated with cost reduction efforts that include the consolidation of manufacturing and distribution facilities, as well as, workforce reductions and the sale or exit of business units we determine to be non-strategic. Restructuring costs are primarily severance and employee benefits, asset impairments, as well as facility closure, contract termination and certain pension costs that are directly related to restructuring actions. These costs are predominantly settled in cash from our operating activities and are generally settled within one year, with the exception of asset impairments, which are non-cash.

Pre-tax restructuring costs incurred in each of our segments and the location of the costs in the Consolidated Statement of Income for the years ended December 31, 2022, 2021 and 2020 are as follows (in millions):


	Twelve Months Ended December 31, 2022						Twelve Months Ended December 31, 2021						Twelve Months Ended December 31, 2020
	Utility Solutions		Electrical Solutions		Total		Utility Solutions		Electrical Solutions		Total		Utility Solutions		Electrical Solutions		Total
Restructuring costs
Cost of goods sold	$	4.5	$	5.4	$	9.9	$	1.3	$	1.1	$	2.4	$	9.2	$	7.1	$	16.3
S&A expense	(0.5)		0.9		0.4		1.1		0.4		1.5		1.2		2.9		4.1
Total restructuring costs	$	4.0	$	6.3	$	10.3	$	2.4	$	1.5	$	3.9	$	10.4	$	10.0	$	20.4

The following table summarizes the accrued liabilities for our restructuring actions (in millions):


	Beginning Accrued Restructuring Balance 1/1/22		Pre-tax Restructuring Costs		Utilization and Foreign Exchange		Ending Accrued Restructuring Balance 12/31/22
2022 Restructuring Actions
Severance	$	—	$	6.9	$	(1.3)	$	5.6
Asset write-downs	—		0.8		(0.8)		—
Facility closure and other costs	—		3.5		(3.2)		0.3
Total 2022 Restructuring Actions	$	—	$	11.2	$	(5.3)	$	5.9
2021 and Prior Restructuring Actions
Severance	$	4.1	$	(0.4)	$	(1.8)	$	1.9
Asset write-downs	—		—		—		—
Facility closure and other costs	0.1		(0.5)		0.5		0.1
Total 2021 and Prior Restructuring Actions	$	4.2	$	(0.9)	$	(1.3)	$	2.0
Total Restructuring Actions	$	4.2	$	10.3	$	(6.6)	$	7.9

The actual and expected pre-tax costs for our restructuring actions are as follows (in millions):


	Expected Costs		Costs incurred in 2020		Costs incurred in 2021		Costs incurred in 2022		Remaining costs at 12/31/22
2022 Restructuring Actions
Utility Solutions	$	5.0	$	—	$	—	$	4.7	$	0.3
Electrical Solutions	10.2		—		—		6.5		3.7
Total 2022 Restructuring Actions	$	15.2	$	—	$	—	$	11.2	$	4.0
2021 Restructuring Actions
Utility Solutions	$	3.7	$	—	$	1.8	$	(0.7)	$	2.6
Electrical Solutions	0.4		—		0.6		(0.2)		—
Total 2021 Restructuring Actions	$	4.1	$	—	$	2.4	$	(0.9)	$	2.6
2020 and Prior Restructuring Actions
Utility Solutions	$	11.0	$	10.4	$	0.6	$	—	$	—
Electrical Solutions	10.9		10.0		0.9		—		—
Total 2020 and Prior Restructuring Actions	$	21.9	$	20.4	$	1.5	$	—	$	—
Total Restructuring Actions	$	41.2	$	20.4	$	3.9	$	10.3	$	6.6