Restructuring Activities

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring Activities

Restructuring ActivitiesThe Company incurred restructuring and restructuring-related costs on projects during fiscal 2022, 2021 and 2020. Restructuring costs include associate termination and plant relocation costs. Restructuring-related costs include costs directly associated with actions resulting from the Company's simplification initiatives, such as asset write-downs or accelerated depreciation due to shortened useful lives in connection with site closures, discretionary employment benefit costs and other facility rationalization costs. Restructuring costs for associate termination expenses are generally required to be accrued over the associate's remaining service period while restructuring costs for plant relocation costs and restructuring-related costs are generally required to be expensed as incurred.

The following is a reconciliation of provisions and payments for the restructuring projects for fiscal 2022 and fiscal 2021:

	December 31, 2022		January 1, 2022
Beginning Balance	$	5.0	$	2.0
Acquisition	—		2.2
Provision	46.8		14.0
Less: Payments	36.7		13.2
Ending Balance	$	15.1	$	5.0

The following is a reconciliation of expenses by type for the restructuring projects in fiscal years 2022, 2021 and 2020:

	2022						2021						2020
Restructuring Costs:	Cost of Sales		Operating Expenses		Total		Cost of Sales		Operating Expenses		Total		Cost of Sales		Operating Expenses		Total
Severance Expense	$	25.1	$	6.4	$	31.5	$	6.4	$	1.2	$	7.6	$	6.2	$	5.6	$	11.8
Facility Related Costs	13.5		1.1		14.6		4.2		0.3		4.5		11.7		3.1		14.8
Other Expenses	0.3		0.4		0.7		1.6		0.3		1.9		0.3		(0.3)		—
Total Restructuring and Restructuring-Related Costs	$	38.9	$	7.9	$	46.8	$	12.2	$	1.8	$	14.0	$	18.2	$	8.4	$	26.6

The following table shows the allocation of Restructuring Expenses by segment for fiscal years 2022, 2021 and 2020:

	Total		Commercial Systems		Industrial Systems		Climate Solutions		Motion Control Solutions
Restructuring Expenses - 2022	$	46.8	$	7.3	$	1.6	$	12.1	$	25.8
Restructuring Expenses - 2021	$	14.0	$	1.9	$	1.9	$	0.8	$	9.4
Restructuring Expenses - 2020	$	26.6	$	6.3	$	8.7	$	3.7	$	7.9

The Company expects to record aggregate future charges of approximately $26.8 million in 2023. The Company continues to evaluate operating efficiencies and anticipates incurring additional costs in future periods in connection with these activities.