Impairment and Restructuring Charges (Tables)

3 Months Ended

Mar. 31, 2023

Restructuring Charges [Abstract]

Schedule of Restructuring and Related Costs

Impairment and restructuring charges by segment are comprised of the following:

For the three months ended March 31, 2023:

	Engineered Bearings		Industrial Motion		Total
Impairment charges	$	—	$	28.3	$	28.3
Severance and related benefit costs	0.7		(0.1)		0.6
Total	$	0.7	$	28.2	$	28.9

For the three months ended March 31, 2022:

	Engineered Bearings		Industrial Motion		Total
Severance and related benefit costs	$	0.4	$	(0.1)	$	0.3
Exit costs	0.7		—		0.7
Total	$	1.1	$	(0.1)	$	1.0

The following is a rollforward of the consolidated restructuring accrual for the three months ended March 31, 2023 and twelve months ended December 31, 2022:

	March 31, 2023		December 31, 2022
Beginning balance, January 1	$	3.1	$	7.0
Expense	0.6		5.8
Payments	(0.7)		(9.7)
Ending balance	$	3.0	$	3.1