v3.26.1
Restructuring
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
During the six months ended June 30, 2026 and the year ended December 31, 2025, we initiated and continued execution of certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business.
Restructuring related costs included in Selling, general and administrative in the Condensed Consolidated Statements of Income and Comprehensive Income included costs for severance and other restructuring costs as follows:
 
Three months endedSix months ended
In millionsJune 30,
2026
June 30,
2025
June 30,
2026
June 30,
2025
Severance and related costs$0.6 $1.5 $2.9 $2.2 
Other0.7 1.6 1.4 1.8 
Total restructuring costs$1.3 $3.1 $4.3 $4.0 
Other restructuring costs primarily consist of asset impairment and various contract termination costs.
Restructuring costs by reportable segment as well as Enterprise and other were as follows:
Three months endedSix months ended
In millionsJune 30,
2026
June 30,
2025
June 30,
2026
June 30,
2025
Systems Protection$0.9 $0.3 $2.3 $0.6 
Electrical Connections0.2 0.5 1.2 0.8 
Enterprise and other0.2 2.3 0.8 2.6 
Total$1.3 $3.1 $4.3 $4.0 
Activity related to accrued severance and related costs recorded in Other current liabilities in the Condensed Consolidated Balance Sheets is summarized as follows:
Six months ended
In millionsJune 30,
2026
June 30,
2025
Beginning balance$2.8 $1.8 
Costs incurred2.9 2.2 
Cash payments and other(3.5)(2.2)
Ending balance$2.2 $1.8