v3.26.1
Restructuring Activities
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Activities
9. Restructuring Activities

The Company's restructuring charges by segment were as follows:
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
Engineered Products$5,087 $563 $6,811 $3,031 
Clean Energy & Fueling1,453 2,676 8,995 4,444 
Imaging & Identification1,789 319 2,825 488 
Pumps & Process Solutions2,754 2,646 13,725 4,591 
Climate & Sustainability Technologies5,826 7,144 14,352 8,810 
Corporate103 181 515 475 
Total$17,012 $13,529 $47,223 $21,839 
These amounts are classified in the condensed consolidated statements of earnings as follows:
Cost of goods and services$8,282 $10,136 $25,171 $14,456 
Selling, general and administrative expenses8,730 3,393 22,052 7,383 
Total$17,012 $13,529 $47,223 $21,839 

The restructuring expenses of $17,012 and $47,223 incurred during the three and six months ended June 30, 2026 were primarily related to headcount reductions and exit costs in the Climate & Sustainability Technologies, Pumps & Process Solutions, Clean Energy & Fueling and Engineered Products segments. These restructuring programs were initiated in 2025 and 2026 and the Company will continue to make proactive adjustments to its cost structure to align with current demand trends.

The Company’s severance and exit accrual activities were as follows:
 SeveranceExitTotal
Balance at January 1, 2026$15,155 $3,439 $18,594 
Restructuring charges31,322 15,901 (1)47,223 
Payments(21,964)(11,447)(33,411)
Other, including foreign currency translation(101)(5,454)(1)(5,555)
Balance at June 30, 2026$24,412 $2,439 $26,851 
(1) Exit reserves activity includes non-cash asset charges within the Climate & Sustainability Technologies and Clean Energy & Fueling segments.