v3.25.1
Impairment and Restructuring Charges (Tables)
3 Months Ended
Mar. 31, 2025
Restructuring Charges [Abstract]  
Schedule of Impairment and Restructuring Charges by Segment and Rollforward of Restructuring Accrual
Impairment and restructuring charges by segment are comprised of the following:
For the three months ended March 31, 2025:
Engineered BearingsIndustrial MotionUnallocated CorporateTotal
Severance and related benefit costs$0.6 $0.7 $9.4 $10.7 
Exit costs 0.2  0.2 
Total$0.6 $0.9 $9.4 $10.9 
For the three months ended March 31, 2024:
Engineered BearingsIndustrial MotionUnallocated CorporateTotal
Severance and related benefit costs$0.7 $1.3 $— $2.0 
Exit costs0.3 — — 0.3 
Total$1.0 $1.3 $— $2.3 
The following is a rollforward of the consolidated restructuring accrual for the three months ended March 31, 2025 and twelve months ended December 31, 2024:
March 31,
2025
December 31,
2024
Beginning balance, January 1$3.7 $5.8 
Expense10.9 9.9 
Payments(1.9)(12.0)
Ending balance$12.7 $3.7