Restructuring (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring Related Costs

Restructuring and transformation-related costs included in Cost of goods sold and Selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income included the following:

	Years ended December 31
In millions	2022		2021		2020
Restructuring Initiatives
Severance and related costs	$	17.7	$	7.0	$	9.7
Asset impairment and write-offs (1)	25.6		—		2.7
Other restructuring costs (2)	13.0		0.4		1.7
Total restructuring costs	56.3		7.4		14.1
Transformation Program
Severance and related costs	3.4		—		—
Other transformation costs (3)	23.8		11.7		—
Total transformation costs	27.2		11.7		—
Total restructuring and transformation costs	$	83.5	$	19.1	$	14.1

(1) Asset impairment and write-offs consist of inventory, long-lived assets and an identifiable intangible asset, which were impaired as a result of restructuring actions and certain business exits announced in the fourth quarter of 2022.

(2) Other restructuring costs primarily consist of certain accruals and various contract termination costs associated with business exits.

(3) Other transformation costs primarily consist of professional services and project management related costs.

Restructuring Costs By Segment

Restructuring and transformation costs by reportable segment were as follows:

	Years ended December 31
In millions	2022		2021		2020
Consumer Solutions	$	55.4	$	0.9	$	3.6
Industrial & Flow Technologies	2.2		0.9		4.7
Other	25.9		17.3		5.8
Consolidated	$	83.5	$	19.1	$	14.1

Restructuring Accrual Activity Recorded on Consolidated Balance Sheets

Activity related to accrued severance and related costs recorded in Other current liabilities in the Consolidated Balance Sheets is summarized as follows:

	Years ended December 31
In millions	2022		2021
Beginning balance	$	10.7	$	15.2
Costs incurred	21.1		7.0
Cash payments and other	(8.6)		(11.5)
Ending balance	$	23.2	$	10.7