Restructuring and Other Items, net (Tables)

9 Months Ended

Sep. 29, 2024

Restructuring and Other Items, net [Abstract]

Restructuring Charges by Segment

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)	Sep. 29, 2024		Oct. 1, 2023		Sep. 29, 2024		Oct. 1, 2023
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 September 29, 2024:

(in millions of dollars)
Restructuring liability, December 31, 2023	$	3.8
Cash payments		(1.3	)
Restructuring liability, September 29, 2024	$	2.5