RESTRUCTURING CHARGES |
12 Months Ended |
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Dec. 31, 2022 | |
| Restructuring Charges [Abstract] | |
| RESTRUCTURING CHARGES | RESTRUCTURING CHARGES In the fourth quarters of 2022, 2021 and 2020, we recorded $24.0 million ($18.0 million, net of tax), $8.6 million ($6.5 million, net of tax) and $31.9 million ($24.3 million, net of tax) of restructuring charges, respectively, all of which were recorded in selling, general and administrative expenses on our Consolidated Statements of Income. These charges were recorded to general corporate expense and resulted from our continuing efforts to realign our internal resources to support the Company’s strategic objectives. The 2022, 2021 and 2020 restructuring charges primarily relate to a reduction in headcount. As of December 31, 2022, no payments have been made related to the 2022 restructuring charge. As of December 31, 2022, payments for the 2021 and 2020 restructuring charges were substantially completed.
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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