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Restructuring Charges
12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
During the years ended December 31, 2023, 2022 and 2021, we recorded restructuring charges of $9.9 million, $8.0 million and $16.4 million, respectively. These charges were primarily related to our ongoing initiatives to adjust our cost structure and improve productivity.
Americas segment restructuring charges of $3.1 million during the year ended December 31, 2023, were related to manufacturing footprint optimization activities. International segment restructuring charges of $4.7 million during the year ended December 31, 2023, were related to ongoing initiatives to drive profitable growth and improve productivity. Corporate segment restructuring charges of $2.1 million during the year ended December 31, 2023, were related to footprint optimization activities and management restructuring.
A total of 152 positions were eliminated in 2023. There were 62 positions eliminated in the Americas segment, 75 in the International segment, and 15 in the Corporate segment.
Americas segment restructuring charges of $2.3 million during the year ended December 31, 2022, were related to
various optimization activities. International segment restructuring charges of $5.1 million during the year ended December 31, 2022, were primarily related to the implementation of our new European Shared Service Center in Warsaw, Poland. Corporate segment restructuring charges of $0.6 million during the year ended December 31, 2022, were primarily related to programs to
realign the organization and adjust our operations in response to current business conditions.
A total of 151 positions were eliminated in 2022. There were 24 positions eliminated in the Americas segment, 123 in the International segment, and 4 in the Corporate segment.
Americas segment restructuring charges of $4.6 million during the year ended December 31, 2021, were primarily related
to integration related activities and costs associated with our global Fixed Gas & Flame Detection manufacturing footprint
optimization as well as programs to adjust our operations in response to current business conditions. International segment restructuring charges of $11.2 million during the year ended December 31, 2021, were primarily related to our initiatives to
drive profitable growth and right size our operations. Corporate segment restructuring charges of $0.6 million during the year ended December 31, 2021, were primarily related to programs to adjust our operations in response to current business conditions.
A total of 143 positions were eliminated in 2021. There were 66 positions eliminated in the Americas segment, 71 in the International segment, and 6 in the Corporate segment.
Activity and reserve balances for restructuring charges by segment were as follows:
(in millions)AmericasInternationalCorporateTotal
Reserve balances at January 1, 2021$2.8 $19.3 $0.4 $22.5 
Restructuring charges4.6 11.2 0.6 16.4 
Currency translation and other adjustments(0.1)(0.2)— (0.3)
Cash payments / utilization(4.0)(12.9)(0.7)(17.6)
Reserve balances at December 31, 2021$3.3 $17.4 $0.3 $21.0 
Restructuring charges2.3 5.1 0.6 8.0 
Currency translation and other adjustments0.1 (1.3)— (1.2)
Cash payments / utilization(4.0)(8.4)(0.4)(12.8)
Reserve balances at December 31, 2022$1.7 $12.8 $0.5 $15.0 
Restructuring charges3.1 4.7 2.1 9.9 
Currency translation and other adjustments(0.1)0.1 — — 
Cash payments / utilization(3.9)(8.6)(2.6)(15.1)
Reserve balances at December 31, 2023$0.8 $9.0 $— $9.8 
Restructuring reserves at December 31, 2023 and 2022 are included in Other current liabilities in our Consolidated Balance Sheets.