Restructuring (Tables)

9 Months Ended

Oct. 01, 2023

Restructuring and Related Activities [Abstract]

The restructuring and transformation costs included in SG&A are detailed below for the third quarter and September year-to-date 2023 (in millions of dollars):


	Third Quarter						September Year to Date
	Severance Costs		Lease Termination Costs, Transformation and Other		Total		Severance Costs		Lease Termination Costs, Transformation and Other		Total

Professional & Industrial	$	3.6	$	0.4	$	4.0	$	6.6	$	0.7	$	7.3
Science, Engineering & Technology	0.6		0.1		0.7		1.0		0.2		1.2
Education	0.6		—		0.6		1.0		—		1.0
Outsourcing & Consulting	1.8		—		1.8		2.3		—		2.3
International	—		—		—		0.6		—		0.6
Corporate	3.8		4.5		8.3		4.6		10.6		15.2
Total	$	10.4	$	5.0	$	15.4	$	16.1	$	11.5	$	27.6

Restructuring costs incurred in the first quarter of 2022 totaled $1.7 million and were recorded entirely in SG&A expenses in the consolidated statements of earnings, as detailed below (in millions of dollars):


	Severance Costs		Lease Termination Costs		Total

Professional & Industrial	$	0.1	$	0.2	$	0.3

Education	0.4		—		0.4
Outsourcing & Consulting	0.2		—		0.2

Corporate	0.8		—		0.8
Total	$	1.5	$	0.2	$	1.7

Schedule of Restructuring Balance Sheet Accrual

A summary of the global restructuring balance sheet accrual, included in accrued payroll and related taxes and accounts payable and accrued liabilities in the consolidated balance sheet, is detailed below (in millions of dollars):


Balance as of year-end 2022	$	0.3
Accruals	6.6






Reductions for cash payments	(1.0)
Balance as of first quarter-end 2023	5.9
Accruals	5.9
Reductions for cash payments	(3.0)
Accrual adjustments	(0.3)
Balance as of second quarter-end 2023	8.5
Accruals	15.4
Reductions for cash payments	(13.0)
Accrual adjustments and write-offs	(0.3)
Balance as of third quarter-end 2023	$	10.6