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Cost Reduction Actions
 6 Months Ended
Jun. 28, 2025
Restructuring and Related Activities [Abstract]  
Cost Reduction Actions Cost Reduction Actions
2025 Actions
We recorded $12.9 million in restructuring charges, net of reversals, during the six months ended June 28, 2025. These charges consisted of severance and related costs for the reduction of approximately 460 positions, as well as asset impairment charges, at various locations across our company. Our 2025 actions are primarily intended to optimize our operational footprint.
During the six months ended June 28, 2025, restructuring charges and payments were as follows:
(In millions)
Accrual at
December 28, 2024
Charges,
Net of
Reversals
Cash
Payments
Non-cash
Impairment
Foreign
Currency
Translation
Accrual at
June 28, 2025
2025 Actions
Severance and related costs
$10.0 $12.6 $(19.9)$— $— $2.7 
Asset impairment charges
— .2 — (.2)— — 
Lease cancellation charges— .1 (.1)— — — 
Total$10.0 $12.9 $(20.0)$(.2)$— $2.7 
Accruals for severance and related costs, as well as lease cancellation charges, were included in “Other current liabilities” and “Long-term retirement benefits and other liabilities” in the unaudited Condensed Consolidated Balance Sheets. Asset impairment charges were based on the estimated market value of the assets, less selling costs, if applicable. Restructuring charges were included in “Other expense (income), net” in the unaudited Condensed Consolidated Statements of Income.
The table below shows the total amount of restructuring charges, net of reversals, incurred by reportable segment and Corporate.
Three Months EndedSix Months Ended
(In millions)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Restructuring charges, net of reversals, by reportable segment and Corporate
Materials Group$2.5 $1.6 $5.0 $4.1 
Solutions Group5.2 5.4 7.2 8.8 
Corporate.3 .2 .7 .3 
Total$8.0 $7.2 $12.9 $13.2