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Plant Closure and Consolidation
12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Plant Closure and Consolidation Plant Closure and Consolidation
During 2023, 2022 and 2021, the Company incurred the following expenses related to plant closure and consolidation in connection with its profit-improvement actions across its businesses.
 Facility Related CostsSeverance and Other Total
2023:
Assembly Components$0.5 $— $0.5 
Engineered Products2.7 1.9 4.6 
Total$3.2 $1.9 $5.1 
2022:
Assembly Components$5.6 $— $5.6 
Engineered Products8.2 0.2 8.4 
Total$13.8 $0.2 $14.0 
2021:
Assembly Components$3.8 $— $3.8 
Engineered Products10.8 0.9 11.7 
Total$14.6 $0.9 $15.5 

The actions in the Assembly Components segment were primarily in connection with actions taken to close and consolidate its extrusion operations in Tennessee and its fuel operations in Michigan, to relocate certain production to lower-cost facilities with open capacity, and to complete other cost-reduction actions.

The actions in the Engineered Product segment were primarily in connection with plant closure and consolidation of multiple locations, and to complete other cost-reduction actions in this segment.

In connection with the above actions, the Company sold certain real estate for cash proceeds and gains on sales as follows. Gains are recorded on a separate line in the Consolidated Statements of Operations and are excluded from segment operating income.

 Cash Proceeds from Sales of AssetsNet Book ValueGains on Sales of Assets
2023$2.0 $1.2 $0.8 
2022$9.5 $7.1 $2.4 
2021$20.3 $5.6 $14.7