| Schedule of Accrued and Other Liabilities |
Accrued and Other liabilities in the Consolidated and Condensed Balance Sheets consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | July 4, 2025 | | December 31, 2024 | | Current | | Noncurrent | | Current | | Noncurrent | | (In thousands) | | Accrued taxes and deferred tax liabilities | $ | 49,712 | | | $ | 158,224 | | | $ | 46,395 | | | $ | 151,642 | | | Compensation and related benefits | 74,320 | | | 53,401 | | | 80,451 | | | 48,350 | | | Asbestos liability | 41,966 | | | 231,075 | | | 40,779 | | | 253,287 | | | Contract liabilities | 25,075 | | | — | | | 26,390 | | | — | | | Lease liabilities | 20,893 | | | 65,347 | | | 21,459 | | | 66,042 | | | Warranty liability | 13,268 | | | — | | | 12,794 | | | — | | | Third-party commissions | 14,099 | | | — | | | 17,346 | | | — | | | Restructuring liability | 5,606 | | | — | | | 4,732 | | | 374 | | | Accrued interest | 9,093 | | | — | | | 8,077 | | | — | | | Other | 41,172 | | | 67,244 | | | 40,135 | | | 13,241 | | | $ | 295,204 | | | $ | 575,291 | | | $ | 298,558 | | | $ | 532,936 | |
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| Schedule of Product Warranty Liability |
A summary of the activity in the Company’s warranty liability included in Accrued liabilities in the Company’s Consolidated and Condensed Balance Sheets is as follows: | | | | | | | | | | | | | Six Months Ended | | July 4, 2025 | | June 28, 2024 | | (In thousands) | | Warranty liability, beginning of period | $ | 12,794 | | | $ | 12,606 | | | Accrued warranty expense | 4,428 | | | 6,693 | | | Changes in estimates related to pre-existing warranties | 697 | | | 1,074 | | | Cost of warranty service work performed | (6,125) | | | (5,529) | | | | | | | Foreign exchange translation effect and other | 1,474 | | | (298) | | | Warranty liability, end of period | $ | 13,268 | | | $ | 14,546 | |
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| Schedule of Restructuring Reserve by Type of Cost |
A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Consolidated and Condensed Balance Sheets is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended July 4, 2025 | | Balance at Beginning of Period | | | | Charges | | Payments | | Foreign Currency Translation | | Balance at End of Period | | (In thousands) | | Restructuring and other related charges: | | | | | | | | | | | | Termination benefits(1) | $ | 3,845 | | | | | $ | 4,401 | | | $ | (4,012) | | | $ | 691 | | | $ | 4,925 | | Facility closure costs and other(2) | 1,261 | | | | 1,488 | | | (1,878) | | | (190) | | | 681 | | | $ | 5,106 | | | | | $ | 5,889 | | | $ | (5,890) | | | $ | 501 | | | $ | 5,606 | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) Includes severance and other termination benefits, including outplacement services. (2) Includes the cost of relocating associates, relocating equipment and other costs in connection with the closure and optimization of facilities and product lines.
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