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Supplemental Financial Information (Tables)
 12 Months Ended
Dec. 31, 2024
Supplemental Income Statement Elements [Abstract]  
Schedule of Restructuring and Impairment Charges
The components of the “Restructuring and impairment charges” line item in the consolidated statements of operations were as follows:
(Dollars in millions)202420232022
Restructuring charges
Manufacturing footprint consolidation$12.2 $— $— 
R&D facility exit1.4 — — 
Global workforce reduction2.3 8.8 — 
Facility consolidations0.3 8.1 0.4 
Manufacturing footprint optimization— — 1.1 
Total restructuring charges16.2 16.9 1.5 
Impairment charges
Fixed assets impairment charges7.9 — 47.2 
Other impairment charges— — 17.9 
Total impairment charges7.9 — 65.1 
Total restructuring and impairment charges$24.1 $16.9 $66.6 
The following table summarizes the allocation of restructuring and impairment charges to our operating segments:
(Dollars in millions)202420232022
Advanced Electronics Solutions
Allocated restructuring charges$13.8 $10.7 $1.1 
Allocated impairment charges4.7 — 40.5 
Elastomeric Material Solutions
Allocated restructuring charges2.4 6.2 0.4 
Allocated impairment charges3.2 — 24.6 
Total restructuring and impairment charges$24.1 $16.9 $66.6 
Schedule of Restructuring and Related Costs
Severance and related benefits activity related to the manufacturing footprint consolidation plan is presented in the table below as of December 31, 2024:
(Dollars in thousands)
Manufacturing Footprint Consolidation Restructuring Severance and Related Benefits
Balance as of December 31, 2023$— 
Provisions9.7 
Payments— 
Foreign currency translation adjustment(0.5)
Balance as of December 31, 2024$9.2 
Schedule of Components of Other Operating (Income) Expense, Net
The components of the “Other operating (income) expense, net” line item in the consolidated statements of operations were as follows:
(Dollars in millions)202420232022
UTIS fire
Inventory charges$— $— $0.2 
Professional services— 0.9 1.4 
Lease obligations— — 0.4 
Compensation & benefits— — 2.4 
Other— — (0.2)
Insurance recoveries— (31.4)(6.6)
Total UTIS fire— (30.5)(2.4)
Regulatory termination fee, net— — (142.1)
Loss (gain) on sale or disposal of property, plant and equipment0.1 (2.6)0.5 
Total other operating (income) expense, net$0.1 $(33.1)$(144.0)
Schedule of Components of Other Income (Expense), Net
The components of the “Other income (expense), net” line item in the consolidated statements of operations were as follows:
(Dollars in millions)202420232022
Foreign currency translation impacts$1.7 $(1.1)$1.7 
Foreign currency derivative impacts(0.2)1.0 (0.3)
Copper derivative impacts(0.4)(0.6)(0.8)
Gain on JV Separation Agreement transactions7.7 — — 
Other— — 0.5 
Total other income (expense), net$8.8 $(0.7)$1.1 
Schedule of Components of Interest Expense, Net
The components of the “Interest expense, net” line item in the consolidated statements of operations were as follows:
(Dollars in millions)202420232022
Interest on revolving credit facility$0.5 $9.6 $9.0 
Line of credit fees1.1 0.8 0.5 
Debt issuance amortization costs0.5 0.7 0.7 
Interest income(1.4)(1.2)(0.7)
Other0.1 0.2 — 
Total interest expense, net$0.8 $10.1 $9.5