v3.25.1
Restructuring Costs and Other
 3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Costs and Other Restructuring Costs and Other
In the three months ended March 31, 2025, we incurred costs for restructuring actions initiated in 2025 as well as costs for restructuring actions initiated in prior years. Our restructuring actions are associated with cost reduction efforts that include the consolidation of manufacturing and distribution facilities as well as workforce reductions. Restructuring costs include severance and employee benefits, asset impairments, accelerated depreciation, as well as facility closure, contract termination and certain pension costs that are directly related to restructuring actions. These costs are predominantly settled in cash from our operating activities and are generally settled within one year, with the exception of asset impairments, which are non-cash.

Pre-tax restructuring costs incurred in each of our reporting segments and the location of the costs in the Condensed Consolidated Statements of Income for the three months ended March 31, 2025 and 2024 are as follows (in millions):
Three Months Ended March 31,
202520242025202420252024
Cost of goods soldSelling & administrative expenseTotal
Utility Solutions$1.2 $1.4 $0.1 $0.5 $1.3 $1.9 
Electrical Solutions0.4 3.0 — 0.3 0.4 3.3 
Total Pre-Tax Restructuring Costs$1.6 $4.4 $0.1 $0.8 $1.7 $5.2 

The following table summarizes the accrued liabilities for our restructuring actions (in millions):
Beginning Accrued
 Restructuring Balance 1/1/25		Pre-tax Restructuring CostsUtilization and Foreign ExchangeEnding Accrued
Restructuring Balance 3/31/25
2025 Restructuring Actions
Severance$— $0.4 $(0.3)$0.1 
Asset write-downs— 0.9 (0.9)— 
Facility closure and other costs— — — — 
    Total 2025 Restructuring Actions$— $1.3 $(1.2)$0.1 
2024 and Prior Restructuring Actions
Severance$4.5 $0.1 $(0.8)$3.8 
Asset write-downs— — — — 
Facility closure and other costs0.1 0.3 (0.2)0.2 
    Total 2024 and Prior Restructuring Actions$4.6 $0.4 $(1.0)$4.0 
Total Restructuring Actions$4.6 $1.7 $(2.2)$4.1 

The actual costs incurred and total expected cost in each of our reporting segments of our on-going restructuring actions are as follows (in millions):
Total expected costsCosts incurred during 2024Costs incurred in the first three months of 2025Remaining costs at 3/31/2025
2025 Restructuring Actions
Utility Solutions$2.9 $— $1.3 $1.6 
Electrical Solutions— — — — 
    Total 2025 Restructuring Actions$2.9 $— $1.3 $1.6 
2024 and Prior Restructuring Actions
Utility Solutions$4.5 $4.5 $— $— 
Electrical Solutions12.6 8.3 0.4 3.9 
    Total 2024 and Prior Restructuring Actions$17.1 $12.8 $0.4 $3.9 
Total Restructuring Actions$20.0 $12.8 $1.7 $5.5