Accrued and Other Liabilities (Tables)

6 Months Ended

Jul. 03, 2026

Schedule of Accrued and Other Liabilities

Accrued and Other liabilities in the Consolidated and Condensed Balance Sheets consisted of the following:


	July 3, 2026				December 31, 2025
	Current		Noncurrent		Current		Noncurrent
	(In thousands)
Accrued taxes and deferred tax liabilities	$	57,260	$	329,359	$	53,728	$	182,898
Compensation and related benefits	82,042		50,770		68,535		52,706
Asbestos liability	43,069		255,857		42,242		269,829
Contract liabilities	40,691		—		19,663		—
Lease liabilities	26,106		116,101		22,081		88,141
Warranty liability	12,896		—		12,573		—
Third-party commissions	13,798		—		19,371		—
Restructuring liability	12,896		146		17,297		319
Accrued interest	24,166		—		8,570		—

Dividends payable	8,886		—		6,098		—
Other	43,829		55,804		31,828		63,343
	$	365,639	$	808,037	$	301,986	$	657,236

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 3, 2026		July 4, 2025
	(In thousands)
Warranty liability, beginning of period	$	12,573	$	12,794
Accrued warranty expense	4,844		4,428
Changes in estimates related to pre-existing warranties	1,031		697
Cost of warranty service work performed	(5,966)		(6,125)

Foreign exchange translation effect and other	414		1,474
Warranty liability, end of period	$	12,896	$	13,268

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 3, 2026
	Balance at Beginning of Period		Charges		Payments		Foreign Currency Translation and Other		Balance at End of Period
	(In thousands)
Americas:
Termination benefits(1)	$	8,827	$	423	$	(2,245)	$	(75)	$	6,930
Facility closure costs and other(2)	1,677		16,306		(15,686)		—		2,297
Subtotal	10,504		16,729		(17,931)		(75)		9,227
Non-cash charges(2)			10,534
			27,263
EMEA & APAC:
Termination benefits(1)	6,223		136		(3,041)		(31)		3,287
Facility closure costs and other(2)	889		1,079		(1,440)		—		528
Subtotal	7,112		1,215		(4,481)		(31)		3,815
Non-cash charges			—
			1,215

Total	$	17,616	17,944		$	(22,412)	$	(106)	$	13,042
Non-cash charges(2)			10,534
Total Provision			$	28,478

(1) Includes severance and other termination benefits, including outplacement services.

(2) Includes the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets, costs associated with disposing of discontinued products and other costs in connection with the closure and optimization of facilities and product lines.