Restructuring Costs and Other (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Pre-tax Restructuring Costs

Pre-tax restructuring costs incurred in each of our reporting segments and the location of the costs in the Condensed Consolidated Statements of Income for the three and six months ended June 30, 2024 and 2023 are as follows (in millions):

	Three Months Ended June 30,
	2024		2023		2024		2023		2024		2023
	Cost of goods sold				Selling & administrative expense				Total
Utility Solutions	$	1.2	$	0.6	$	1.1	$	0.1	$	2.3	$	0.7
Electrical Solutions	1.0		1.2		1.2		(0.1)		2.2		1.1
Total Pre-Tax Restructuring Costs	$	2.2	$	1.8	$	2.3	$	—	$	4.5	$	1.8

	Six Months Ended June 30,
	2024		2023		2024		2023		2024		2023
	Cost of goods sold				Selling & administrative expense				Total
Utility Solutions	$	2.6	$	1.3	$	1.6	$	0.2	$	4.2	$	1.5
Electrical Solutions	4.0		0.9		1.5		(0.1)		5.5		0.8
Total Pre-Tax Restructuring Costs	$	6.6	$	2.2	$	3.1	$	0.1	$	9.7	$	2.3

Schedule of Restructuring Reserve by Type of Cost

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

	Beginning Accrued  Restructuring Balance 1/1/24		Pre-tax Restructuring Costs		Utilization and Foreign Exchange		Ending Accrued Restructuring Balance 6/30/24
2024 Restructuring Actions
Severance	$	—	$	8.0	$	(0.8)	$	7.2
Asset write-downs	—		—		—		—
Facility closure and other costs	—		0.5		(0.5)		—
Total 2024 Restructuring Actions	$	—	$	8.5	$	(1.3)	$	7.2
2023 and Prior Restructuring Actions
Severance	$	3.9	$	0.7	$	(3.2)	$	1.4
Asset write-downs	—		—		—		—
Facility closure and other costs	0.1		0.5		(0.6)		—
Total 2023 and Prior Restructuring Actions	$	4.0	$	1.2	$	(3.8)	$	1.4
Total Restructuring Actions	$	4.0	$	9.7	$	(5.1)	$	8.6

The actual costs incurred and total expected cost in each of our reporting segments of our on-going restructuring actions are as follows (in millions):

	Total expected costs		Costs incurred during 2023		Costs incurred in the first six months of 2024		Remaining costs at 6/30/2024
2024 Restructuring Actions
Utility Solutions	$	4.3	$	—	$	3.8	$	0.5
Electrical Solutions	8.4		—		4.7		3.7
Total 2024 Restructuring Actions	$	12.7	$	—	$	8.5	$	4.2
2023 and Prior Restructuring Actions
Utility Solutions	$	4.0	$	2.9	$	0.4	$	0.7
Electrical Solutions	3.7		2.5		0.8		0.4
Total 2023 and Prior Restructuring Actions	$	7.7	$	5.4	$	1.2	$	1.1
Total Restructuring Actions	$	20.4	$	5.4	$	9.7	$	5.3