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Restructuring and Transformation Program
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Transformation Program Restructuring and Transformation Program
We have 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 2025, 2024 and 2023, 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, 2025, 2024 and 2023 included a reduction in hourly and salaried headcount of approximately 325 employees, 575 employees and 475 employees, respectively.
Restructuring and transformation-related costs included within Cost of goods sold and Selling, general and administrative expense in the Consolidated Statements of Operations and Comprehensive Income included the following:
 Years ended December 31
In millions202520242023
Restructuring Initiatives
Severance and related costs$27.4 $34.5 $8.2 
Asset impairment and write-offs (1)
2.0 9.9 3.8 
Other restructuring costs and related adjustments (2)
7.3 (0.9)(6.0)
Total restructuring costs36.7 43.5 6.0 
Transformation Program
Severance and related costs— 0.7 6.9 
Asset impairment and write-offs (1)
16.27.70.4
Other transformation costs (3)
40.8 51.4 37.4 
Total transformation costs57.0 59.8 44.7 
Total restructuring and transformation costs$93.7 $103.3 $50.7 
(1) Consists of inventory and long-lived asset impairments and write-offs associated with restructuring or transformation activities.
(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 millions202520242023
Flow
$19.7 $15.5 $3.4 
Water Solutions16.7 19.4 (0.1)
Pool13.4 15.7 9.1 
Corporate and other
43.9 52.7 38.3 
Total restructuring and transformation costs
$93.7 $103.3 $50.7 
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 millions20252024
Beginning balance$18.7 $13.4 
Costs incurred27.4 35.2 
Cash payments and other(32.1)(29.9)
Ending balance$14.0 $18.7