Accrued and Other Liabilities (Tables)

9 Months Ended

Oct. 02, 2026

Schedule of Accrued and Other Liabilities

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


	October 2, 2026				December 31, 2025
	Current		Noncurrent		Current		Noncurrent
	(In thousands)
Accrued taxes and deferred tax liabilities	$	66,857	$	341,871	$	53,728	$	182,898
Compensation and related benefits	87,131		49,415		68,535		52,706
Asbestos liability	43,206		248,828		42,242		269,829
Contract liabilities	33,098		—		19,663		—
Lease liabilities	24,779		113,310		22,081		88,141
Warranty liability	12,854		—		12,573		—
Third-party commissions	16,209		—		19,371		—
Restructuring liability	8,281		351		17,297		319
Accrued interest	19,959		—		8,570		—

Dividends payable	10,351		—		6,098		—
Other	45,494		39,551		31,828		63,343
	$	368,219	$	793,326	$	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:


	Nine Months Ended
	October 2, 2026		October 3, 2025
	(In thousands)
Warranty liability, beginning of period	$	12,573	$	12,794
Accrued warranty expense	7,231		6,526
Changes in estimates related to pre-existing warranties	1,427		906
Cost of warranty service work performed	(8,681)		(9,102)

Foreign exchange translation effect and other	304		2,201
Warranty liability, end of period	$	12,854	$	13,325

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:


	Nine Months Ended October 2, 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	$	2,751	$	(6,438)	$	(1,074)	$	4,066
Facility closure costs and other(2)	1,677		25,420		(25,644)		(418)		1,035
Subtotal	10,504		28,171		(32,082)		(1,492)		5,101
Non-cash charges(2)			10,196
			38,367
EMEA & APAC:
Termination benefits(1)	6,223		(285)		(4,472)		1,195		2,661
Facility closure costs and other(2)	889		1,725		(2,153)		409		870
Subtotal	7,112		1,440		(6,625)		1,604		3,531
Non-cash charges			—
			1,440

Total	$	17,616	29,611		$	(38,707)	$	112	$	8,632
Non-cash charges(2)			10,196
Total Provision			$	39,807

(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.