Restructuring (Tables)

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The following table summarizes the impact of the Company’s restructuring and transformation charges on the consolidated statements of operations:

	Three months ended				Six months ended
	June 30				June 30
	2022		2021		2022		2021
Cost of sales – services	$	4.4	$	10.1	$	4.4	$	10.1
Cost of sales – products	8.7		1.1		8.7		1.6
Selling and administrative expense	57.9		6.5		57.9		11.7
Research, development and engineering expense	7.3		(0.6)		7.3		(0.3)
Total	$	78.3	$	17.1	$	78.3	$	23.1

Restructuring accrual balances and related activity

The following table summarizes the Company’s severance accrual balance and related activity:

	2022		2021
Beginning balance as of January 1	$	35.3	$	62.9
Severance Accruals	54.9		10.3
Payouts/Settlements	(16.0)		(18.5)
Other	—		(2.8)
Ending balance as of June 30	$	74.2	$	51.9