v3.26.1
Supplemental Financial Information (Tables)
 6 Months Ended
Jun. 30, 2026
Supplemental Income Statement Elements [Abstract]  
Schedule of Restructuring and Impairment Charges
The components of the “Restructuring and impairment charges” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedSix Months Ended
(Dollars in millions)June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Restructuring charges
Manufacturing footprint consolidation$0.6 $3.6 $5.0 $7.6 
Global workforce reduction0.1 0.7 0.6 2.5 
Executive leadership transition— — 0.8 — 
Other— — — 0.1 
Total restructuring charges0.7 4.3 6.4 10.2 
Impairment charges
Lease impairment charges— — 0.2 — 
Goodwill impairment— 67.3 — 67.3 
Other intangible assets impairment— 4.5 — 4.5 
Total impairment charges— 71.8 0.2 71.8 
Total restructuring and impairment charges$0.7 $76.1 $6.6 $82.0 
The following table summarizes the allocation of restructuring and impairment charges to our operating and reportable segments:
Three Months EndedSix Months Ended
(Dollars in millions)June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Advanced Electronics Solutions
Allocated restructuring charges$0.7 $3.8 $6.0 $8.5 
Allocated impairment charges— 71.8 0.2 71.8 
Elastomeric Material Solutions
Allocated restructuring charges— 0.5 0.4 1.7 
Total restructuring and impairment charges$0.7 $76.1 $6.6 $82.0 
Schedule of Severance Activity
Remaining severance and related benefits to be paid for the manufacturing footprint consolidation, global workforce reduction, and executive leadership transition restructuring projects is presented in the table below for the period ended June 30, 2026:
(Dollars in thousands)
Restructuring Severance and Related Benefits
Balance as of December 31, 2025$10.2 
Provisions6.3 
Payments(12.6)
Foreign currency translation adjustment(0.1)
Balance as of June 30, 2026$3.8 
Schedule of Other Nonoperating Income (Expense)
The components of the “Other income (expense), net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedSix Months Ended
(Dollars in millions)June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Foreign currency translation impacts$1.9 $(1.9)$3.2 $(3.2)
Foreign currency derivative impacts(1.3)(0.2)(2.3)(0.4)
Copper derivative impacts0.5 (0.1)0.5 0.1 
Other— — — (0.3)
Total other income (expense), net$1.1 $(2.2)$1.4 $(3.8)
Schedule of Components of Interest Income (Expense), Net
The components of the “Interest income, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedSix Months Ended
(Dollars in millions)June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Line of credit fees$(0.3)$(0.3)$(0.6)$(0.6)
Debt issuance amortization costs(0.1)(0.1)(0.2)(0.2)
Interest income0.9 0.8 1.7 1.6 
Other(0.2)— (0.3)(0.1)
Total interest income, net$0.3 $0.4 $0.6 $0.7