Restructuring Expenses and Asset Impairments (Tables)

3 Months Ended

Mar. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs

Pre-tax restructuring expenses and asset impairments by segment for the three months ended March 31, 2023 were as follows:

	Three Months Ended March 31, 2023
	Severance Costs		Exit Costs		Asset Impairments		Total
Fluid & Metering Technologies	$	0.1	$	—	$	—	$	0.1
Health & Science Technologies	0.3		—		—		0.3
Fire & Safety/Diversified Products	0.1		—		—		0.1
Corporate/Other	—		—		—		—
Restructuring expenses and asset impairments	$	0.5	$	—	$	—	$	0.5

Pre-tax restructuring expenses and asset impairments by segment for the three months ended March 31, 2022 were as follows:

	Three Months Ended March 31, 2022
	Severance Costs		Exit Costs		Asset Impairments		Total
Fluid & Metering Technologies	$	0.3	$	—	$	—	$	0.3
Health & Science Technologies	0.1		—		—		0.1
Fire & Safety/Diversified Products	—		—		—		—
Corporate/Other	0.2		—		—		0.2
Restructuring expenses and asset impairments	$	0.6	$	—	$	—	$	0.6

Schedule of Restructuring Reserve

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

	Restructuring Initiatives
Balance at January 1, 2023	$	1.4
Restructuring expenses	0.5
Payments, utilization and other	(0.6)
Balance at March 31, 2023	$	1.3