Cost Reduction Actions (Tables)

6 Months Ended

Jul. 01, 2023

Restructuring and Related Activities [Abstract]

Restructuring charges and payments

During the six months ended July 1, 2023, restructuring charges and payments were as follows:

(In millions)	Accrual at December 31, 2022		Charges, Net of Reversals		Cash Payments		Non-cash Impairment		Foreign Currency Translation		Accrual at July 1, 2023
2023 Actions
Severance and related costs	$	—	$	26.9	$	(23.5)	$	—	$	—	$	3.4
Asset impairment charges	—		1.7		—		(1.7)		—		—
2019/2020 Actions
Severance and related costs	5.1		(1.0)		(4.1)		—		—		—
Total	$	5.1	$	27.6	$	(27.6)	$	(1.7)	$	—	$	3.4

Restructuring and Related Costs

The table below shows the total amount of restructuring charges, net of reversals, incurred by reportable segment and Corporate.

	Three Months Ended				Six Months Ended
(In millions)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Restructuring charges, net of reversals, by reportable segment and Corporate
Materials Group	$	5.6	$	.6	$	19.9	$	1.1
Solutions Group	4.4		1.7		7.8		2.1
Corporate	—		.8		(.1)		.8
Total	$	10.0	$	3.1	$	27.6	$	4.0