Exit and Disposal Activities

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Exit and Disposal Activities

Exit and Disposal Activities The Company has undertaken operational restructuring and other cost reduction actions to streamline processes and manage costs throughout various departments. These actions resulted in exit, disposal and employee termination benefit costs, primarily resulting from planned reductions in workforce, facility consolidation and relocation, and lease termination costs. The primary actions are discussed below by segment.

CIT

During the third quarter of 2021, the Company initiated plans to exit its manufacturing operations in Carlsbad, California, and relocate the majority of those operations to its existing facilities in North America. During the year ended December 31, 2022, exit and disposal costs totaled $2.9 million, primarily for employee termination benefit costs and accelerated depreciation. Total exit and disposal costs are expected to approximate $5.3 million, with approximately $0.8 million costs remaining to be incurred in 2023. The projected is expected to be completed in the first quarter of 2023.

In 2021, the Company completed its project to relocate its manufacturing operations in Kent, Washington, as a result of market declines from the coronavirus pandemic. Select operations were relocated to existing facilities primarily in North America. Cumulative exit and disposal costs of the project totaled $14.2 million.

In 2020, the Company completed its project to relocate its aerospace connectors manufacturing operations in El Segundo, California, and Riverside, California, to existing lower cost operations in North America. Cumulative exit and disposal costs of the project totaled $10.9 million.

Consolidated Summary

The Company's exit and disposal costs by activity follows:

(in millions)	2022		2021		2020
Accelerated depreciation and impairments	$	2.1	$	6.8	$	0.6
Employee severance and benefit arrangements	2.0		6.7		13.9
Relocation costs	0.7		0.9		0.3
Facility cleanup costs	0.2		(0.5)		2.5
Other restructuring costs	1.3		3.7		1.7
Total exit and disposal costs	$	6.3	$	17.6	$	19.0

The Company's exit and disposal costs by segment follows:

(in millions)	2022		2021		2020
Carlisle Interconnect Technologies	$	5.7	$	13.2	$	14.3
Carlisle Weatherproofing Technologies	0.3		0.3		0.6
Carlisle Fluid Technologies	0.2		0.6		3.7
Carlisle Construction Materials	0.1		0.1		0.4
Corporate	—		3.4		—
Total exit and disposal costs	$	6.3	$	17.6	$	19.0

The Company's exit and disposal costs by financial statement line item follows:

(in millions)	2022		2021		2020
Cost of goods sold	$	5.7	$	9.7	$	12.4
Selling and administrative expenses	0.6		4.5		5.9
Research and development expenses	—		0.2		0.3
Other operating expense, net	—		3.2		0.4
Total exit and disposal costs	$	6.3	$	17.6	$	19.0

The Company's change in exit and disposal activities liability follows:

(in millions)	2022		2021
Balance as of January 1,	$	6.5	$	6.1
Charges	6.3		17.6
Settlements	(11.2)		(17.2)
Balance as of December 31,	$	1.6	$	6.5

The liability of $1.6 million as of December 31, 2022, primarily relates to employee severance and benefit arrangements and is included in accrued and other current liabilities.