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Supplemental Financial Information (Tables)
3 Months Ended
Mar. 31, 2024
Supplemental Income Statement Elements [Abstract]  
Schedule of Restructuring and Impairment Charges
The components of the “Restructuring and impairment charges” line item in the condensed consolidated statements of operations were as follows:
Three Months Ended
(Dollars in millions)March 31, 2024March 31, 2023
Restructuring charges
Global workforce reduction$ $7.0 
Facility consolidations0.1 3.5 
Total restructuring charges$0.1 $10.5 
Total restructuring and impairment charges$0.1 $10.5 
The following table summarizes the allocation of restructuring and impairment charges to our operating segments:
Three Months Ended
(Dollars in millions)March 31, 2024March 31, 2023
Advanced Electronics Solutions
Allocated restructuring charges$0.1 $5.4 
Elastomeric Material Solutions
Allocated restructuring charges 5.1 
Total restructuring and impairment charges$0.1 $10.5 
Schedule of Other Operating (Income) Expense
The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months Ended
(Dollars in millions)March 31, 2024March 31, 2023
UTIS fire
Professional services$ $0.3 
Insurance recoveries (0.5)
Total UTIS fire (0.2)
Total other operating (income) expense, net$ $(0.2)
Schedule of Components of Interest Expense, Net
The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months Ended
(Dollars in millions)March 31, 2024March 31, 2023
Interest on revolving credit facility$(0.5)$(3.4)
Line of credit fees(0.3)(0.3)
Debt issuance amortization costs(0.1)(0.3)
Interest income0.1 0.5 
Total interest expense, net$(0.8)$(3.5)