Impairment and Restructuring Charges (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring Charges [Abstract]

Schedule of Impairment and Restructuring Charges by Segment and Rollforward of the Consolidated Restructuring Accrual

Impairment and restructuring charges by segment were as follows:

Year ended December 31, 2023:

	Engineered Bearings		Industrial Motion		Total
Impairment charges	$	4.9	$	28.3	$	33.2
Severance and related benefit costs	5.5		5.6		11.1
Exit costs	0.9		0.3		1.2
Total	$	11.3	$	34.2	$	45.5

Year ended December 31, 2022:

	Engineered Bearings		Industrial Motion		Total
Impairment charges	$	9.0	$	29.3	$	38.3
Severance and related benefit costs	2.7		1.5		4.2
Exit costs	1.4		0.2		1.6
Total	$	13.1	$	31.0	$	44.1

Year ended December 31, 2021:

	Engineered Bearings		Industrial Motion		Total
Impairment charges	$	4.4	$	0.1	$	4.5
Severance and related benefit costs	0.8		1.8		2.6
Exit costs	1.2		0.6		1.8
Total	$	6.4	$	2.5	$	8.9

The following is a rollforward of the consolidated restructuring accrual for the years ended December 31, 2023 and 2022:

	2023		2022
Beginning balance, January 1	$	3.1	$	7.0
Expense	12.3		5.8
Payments	(9.6)		(9.7)
Ending balance, December 31	$	5.8	$	3.1