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Restructuring and Transformation Program
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Transformation Program Restructuring and Transformation Program
In 2021, we launched and committed resources to a program designed to accelerate growth and drive margin expansion through transformation of our business model to drive operational excellence, reduce complexity and streamline our processes (the “Transformation Program”). The Transformation Program is structured in multiple phases and is expected to empower us to work more efficiently and optimize our business to better serve our customers while meeting our financial objectives.
During 2024, 2023 and 2022, we initiated and continued execution of activities associated with our Transformation Program as well as initiated and continued certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. Restructuring and Transformation Program initiatives during the years ended December 31, 2024, 2023 and 2022 included a reduction in hourly and salaried headcount of approximately 575 employees, 475 employees and 625 employees, respectively.
Restructuring and transformation-related costs included within Cost of goods sold and Selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income included the following:
 Years ended December 31
In millions202420232022
Restructuring Initiatives
Severance and related costs$34.5 $8.2 $17.7 
Asset impairment and write-offs (1)
9.9 3.8 25.6 
Other restructuring costs and related adjustments (2)
(0.9)(6.0)13.0 
Total restructuring costs43.5 6.0 56.3 
Transformation Program
Severance and related costs0.7 6.9 3.4 
Asset impairment and write-offs (1)
7.70.4— 
Other transformation costs (3)
51.4 37.4 23.8 
Total transformation costs59.8 44.7 27.2 
Total restructuring and transformation costs$103.3 $50.7 $83.5 
(1) Consists of inventory and long-lived asset impairments and write-offs associated with restructuring or transformation activities. An identifiable intangible asset was also impaired in 2022 as a result of certain business exits.
(2) Other restructuring costs and related adjustments primarily consist of certain accruals and related refinements as well as various contract termination costs associated with business and product line exits.
(3) Other transformation costs primarily consist of professional services and project management related costs, partially offset by gain on sale of assets in 2023.
Restructuring and transformation costs by reportable segment as well as Corporate and other were as follows:
Years ended December 31
In millions202420232022
Flow
$15.5 $3.4 $2.2 
Water Solutions19.4 (0.1)41.1 
Pool15.7 9.1 14.3 
Corporate and other
52.7 38.3 25.9 
Total restructuring and transformation costs
$103.3 $50.7 $83.5 
Activity related to accrued severance and related costs recorded in Other current liabilities in the Consolidated Balance Sheets is summarized as follows:
 Years ended December 31
In millions20242023
Beginning balance$13.4 $23.2 
Costs incurred35.2 15.1 
Cash payments and other(29.9)(24.9)
Ending balance$18.7 $13.4