v3.26.1
RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS
6 Months Ended
Jul. 04, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING ACTIONS
RESTRUCTURING ACTIONS
From time to time, we initiate restructuring actions throughout our businesses. There are no restructuring actions that are considered individually significant. The following table summarizes our total restructuring costs, which are presented within General and administrative expenses within our Consolidated Condensed Statements of Operations.
Three Months EndedSix Months Ended
July 4, 2026June 28, 2025July 4, 2026June 28, 2025
Severance and other employee-related$2.3 $3.1 $13.1 $9.2 
Asset write-offs 0.1  0.1 
Other —  0.4 
Total restructuring costs$2.3 $3.2 $13.1 $9.7 
By segment:
Flow Technologies$0.9 $1.3 8.7 5.5 
Motion Technologies0.9 2.1 $1.4 $2.3 
Connect & Control Technologies0.4 (0.2)1.4 1.9 
Corporate and Other0.1 — 1.6 — 
The following table displays a rollforward of our restructuring liability, which is included within accrued liabilities on our Consolidated Condensed Balance Sheet.
For the Six Months EndedJuly 4, 2026June 28, 2025
Beginning balance - January 1$3.7 $2.9 
Restructuring costs13.1 9.7 
Cash payments(9.1)(8.4)
Asset write-offs (0.1)
Foreign exchange translation and other0.7 0.2 
Ending balance$8.4 $4.3 
By accrual type:
Severance and other employee-related$8.4 $4.3