Restructuring Expenses and Asset Impairments (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring Costs and Asset Impairment Charges [Abstract]

Schedule of Restructuring Costs

Pre-tax restructuring expenses and asset impairments by segment for the 2022 initiative were as follows:

	Severance Costs		Exit Costs		Asset Impairments		Total
	(In millions)
Fluid & Metering Technologies	$	1.9	$	0.3	$	0.5	$	2.7
Health & Science Technologies	1.2		—		16.8		18.0
Fire & Safety/Diversified Products	1.7		—		0.1		1.8
Corporate/Other	0.3		—		—		0.3
Total restructuring costs	$	5.1	$	0.3	$	17.4	$	22.8

Pre-tax restructuring expenses and asset impairments by segment for the 2021 initiative were as follows:

	Severance Costs		Exit Costs		Asset Impairments		Total
	(In millions)
Fluid & Metering Technologies	$	3.7	$	—	$	0.8	$	4.5
Health & Science Technologies	1.7		—		—		1.7
Fire & Safety/Diversified Products	0.5		—		—		0.5
Corporate/Other	2.6		—		—		2.6
Total restructuring costs	$	8.5	$	—	$	0.8	$	9.3

Pre-tax restructuring expenses and asset impairments by segment for the 2020 initiative were as follows:

	Severance Costs		Exit Costs		Asset Impairments		Total
	(In millions)
Fluid & Metering Technologies	$	2.9	$	0.2	$	2.5	$	5.6
Health & Science Technologies	2.7		—		—		2.7
Fire & Safety/Diversified Products	2.5		—		—		2.5
Corporate/Other	0.4		—		0.6		1.0
Total restructuring costs	$	8.5	$	0.2	$	3.1	$	11.8

Schedule of Restructuring Accruals Expenses

Restructuring accruals reflected in Accrued expenses in the Company’s Consolidated Balance Sheets are as follows:

	Restructuring Initiatives
	(In millions)
Balance at January 1, 2021	$	3.9
Restructuring expenses(1)	8.5
Payments, utilization and other	(9.6)
Balance at December 31, 2021	2.8
Restructuring expenses(2)	5.4
Payments, utilization and other	(6.8)
Balance at December 31, 2022	$	1.4

(1) Excludes $0.8 million of asset impairments related to property, plant and equipment.

(2) Excludes $17.4 million of asset impairments related to property, plant and equipment.