Restructuring and Transformation Program (Tables)

3 Months Ended

Mar. 31, 2026

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 expense in the Condensed Consolidated Statements of Operations and Comprehensive Income included the following: 

	Three months ended
In millions	March 31, 2026		March 31, 2025
Restructuring Initiatives
Severance and related costs	$	13.2	$	8.3
Other restructuring costs and related adjustments (1)	0.5		1.4
Total restructuring costs	13.7		9.7
Transformation Program
Asset impairment and write-offs	—		5.2
Other transformation costs (2)	11.5		9.1
Total transformation costs	11.5		14.3
Total restructuring and transformation costs	$	25.2	$	24.0
(1) Other restructuring costs and related adjustments primarily consist of certain accruals and related refinements as well as various contract termination costs.
(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
In millions	March 31, 2026		March 31, 2025
Flow	$	1.5	$	7.0
Water Solutions	5.5		5.9
Pool	1.1		3.2
Corporate and other	17.1		7.9
Total restructuring and transformation costs	$	25.2	$	24.0

Restructuring Accrual Activity Recorded on Consolidated Balance Sheets

Activity related to accrued severance and related costs associated with restructuring and transformation activities recorded in Other current liabilities in the Condensed Consolidated Balance Sheets is summarized as follows for the three months ended March 31, 2026: 

In millions	March 31, 2026
Beginning balance	$	14.0
Costs incurred	13.2
Cash payments and other	(6.6)
Ending balance	$	20.6