Restructuring and Transformation Program (Tables)

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Restructuring And Transformation Related Costs

Restructuring and transformation-related costs included within Cost of goods sold and Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income included the following: 

	Three months ended				Six months ended
In millions	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Restructuring Initiatives
Severance and related costs	$	12.0	$	5.4	$	20.3	$	9.4
Other restructuring costs and related adjustments (1)	3.5		(0.1)		4.9		0.9
Total restructuring costs	15.5		5.3		25.2		10.3
Transformation Program
Severance and related costs	—		0.3		—		0.7
Asset impairment and write-offs	10.3		—		15.5		—
Other transformation costs (2)	12.5		11.5		21.6		28.1
Total transformation costs	22.8		11.8		37.1		28.8
Total restructuring and transformation costs	$	38.3	$	17.1	$	62.3	$	39.1
(1) Other restructuring costs and related adjustments primarily consist of certain accruals and related refinements as well as various contract termination costs, asset impairments and inventory write-offs associated with business and product line exits.
(2) Other transformation costs primarily consist of professional services and project management related costs.

Restructuring And Transformation Costs By Segment

Restructuring and transformation costs by reportable segment as well as Corporate and other were as follows:

	Three months ended				Six months ended
In millions	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Flow	$	9.7	$	2.4	$	18.5	$	5.0
Water Solutions	5.7		0.9		9.8		1.5
Pool	5.8		1.7		9.0		5.4
Corporate and other	17.1		12.1		25.0		27.2
Total restructuring and transformation costs	$	38.3	$	17.1	$	62.3	$	39.1

Restructuring Accrual Activity Recorded on Consolidated Balance Sheets

Activity related to accrued severance and related costs recorded in Other current liabilities in the Condensed Consolidated Balance Sheets is summarized as follows for the six months ended June 30, 2025: 

In millions	June 30, 2025
Beginning balance	$	18.7
Costs incurred	20.3
Cash payments and other	(16.1)
Ending balance	$	22.9