Restructuring (Tables)

6 Months Ended

Jun. 30, 2023

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,
	2023		2022		2023		2022
Cost of sales – services	$	3.6	$	4.4	$	4.2	$	4.4
Cost of sales – products	0.3		8.7		0.6		8.7
Selling and administrative expense	13.4		57.9		26.4		57.9
Research, development and engineering expense	0.5		7.3		1.1		7.3
Loss on sale of assets, net	0.8		—		1.3		—
Total	$	18.6	$	78.3	$	33.6	$	78.3

Restructuring accrual balances and related activity

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

	2023		2022
Beginning balance as of January 1	$	44.2	$	35.3
Severance accruals	6.4		54.9
Liabilities acquired	—		—
Payouts/Settlements	(36.3)		(16.0)
Other	0.3		—
Ending balance as of June 30	$	14.6	$	74.2