Restructuring and Other Items, net (Tables)

9 Months Ended

Oct. 01, 2023

Restructuring and Other Items, net [Abstract]

Restructuring Charges

The following table outlines the amount of restructuring charges recorded within the Consolidated Statements of Income and the segment they relate to:

	Three Months Ended				Nine Months Ended
(in millions of dollars)	Oct. 1, 2023		Oct. 2, 2022		Oct. 1, 2023		Oct. 2, 2022
Asset Write-Downs
Consumer & Specialties	$	71.7	$	—	$	71.7	$	—
Total asset write-down charges	$	71.7	$	—	$	71.7	$	—
Severance and other costs
Consumer & Specialties	$	0.3	$	—	$	0.9	$	—
Engineered Solutions		—		—		3.2		—
Corporate		—		—		2.8		—
Total severance and other employee costs	$	0.3	$	—	$	6.9	$	—
Total restructuring and other items, net	$	72.0	$	—	$	78.6	$	—

Reconciliation of Restructuring Liability

The following table is a reconciliation of our restructuring liability balance as of October 1, 2023:

(in millions of dollars)
Restructuring liability, December 31, 2022	$	—
Additional provision		6.9
Cash payments		(1.3	)
Restructuring liability, October 1, 2023	$	5.6