Restructuring Expenses and Asset Impairments (Tables)

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs

Pre-tax restructuring expenses and asset impairments by segment for the three and nine months ended September 30, 2023 were as follows:

	Three Months Ended September 30, 2023
	Severance Costs		Exit Costs		Asset Impairments		Total
Fluid & Metering Technologies	$	0.8	$	0.6	$	0.3	$	1.7
Health & Science Technologies	1.5		—		—		1.5
Fire & Safety/Diversified Products	0.4		—		—		0.4
Corporate/Other	0.5		—		—		0.5
Restructuring expenses and asset impairments	$	3.2	$	0.6	$	0.3	$	4.1

	Nine Months Ended September 30, 2023
	Severance Costs		Exit Costs		Asset Impairments		Total
Fluid & Metering Technologies	$	1.0	$	0.6	$	0.8	$	2.4
Health & Science Technologies	4.5		—		—		4.5
Fire & Safety/Diversified Products	0.8		—		—		0.8
Corporate/Other	0.5		—		—		0.5
Restructuring expenses and asset impairments	$	6.8	$	0.6	$	0.8	$	8.2

Pre-tax restructuring expenses and asset impairments by segment for the three and nine months ended September 30, 2022 were as follows:

	Three Months Ended September 30, 2022
	Severance Costs		Exit Costs		Asset Impairments		Total
Fluid & Metering Technologies	$	0.1	$	—	$	—	$	0.1
Health & Science Technologies	0.4		—		16.8		17.2
Fire & Safety/Diversified Products	0.4		—		—		0.4
Corporate/Other	—		—		—		—
Restructuring expenses and asset impairments	$	0.9	$	—	$	16.8	$	17.7

	Nine Months Ended September 30, 2022
	Severance Costs		Exit Costs		Asset Impairments		Total
Fluid & Metering Technologies	$	1.6	$	0.3	$	0.2	$	2.1
Health & Science Technologies	0.6		—		16.8		17.4
Fire & Safety/Diversified Products	1.4		—		—		1.4
Corporate/Other	0.2		—		—		0.2
Restructuring expenses and asset impairments	$	3.8	$	0.3	$	17.0	$	21.1

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	7.4
Payments, utilization and other	(5.4)
Balance at September 30, 2023	$	3.4