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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Sales by Significant Product Group
The following table presents information about our reportable segments, reconciled to consolidated totals:
Three Months Ended
June 30,		Six Months Ended
June 30,
($ in millions)2024202320242023
Net sales:    
Proprietary Products$559.7 $618.0 $1,119.2 $1,201.1 
Contract-Manufactured Products142.4 135.8 278.3 269.3 
Consolidated net sales$702.1 $753.8 $1,397.5 $1,470.4 
Schedule of Segment Reporting Information, by Segment
The following table provides summarized financial information for our segments:
Three Months Ended
June 30,		Six Months Ended
June 30,
($ in millions)2024202320242023
Operating profit (loss):
Proprietary Products$131.0 $194.2 $257.3 $364.9 
Contract-Manufactured Products17.2 14.9 34.3 32.3 
Total business segment operating profit$148.2 $209.1 $291.6 $397.2 
Corporate and Unallocated
Stock-based compensation expense$(4.3)$(7.5)$(9.3)$(16.0)
Corporate general costs (1)
(17.5)(16.6)(32.9)(31.3)
Unallocated Items:
Amortization of acquisition-related intangible assets (2)
(0.2)(0.2)(0.4)(0.4)
Loss on disposal of plant (3)
— (2.2)— (11.6)
Restructuring and other charges (4)
— (0.1)— (0.1)
Total Corporate and Unallocated(22.0)(26.6)(42.6)(59.4)
Total consolidated operating profit$126.2 $182.5 $249.0 $337.8 
Interest (income) expense, net and other nonoperating (income) expense, net(2.5)(2.4)(7.1)(5.0)
Income before income taxes and equity in net income of affiliated companies$128.7 $184.9 $256.1 $342.8 

(1) Corporate general costs includes executive and director compensation, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments.

(2) During the three and six months ended June 30, 2024, the Company recorded $0.2 million and $0.4 million, respectively, of amortization expense within operating profit associated with an intangible asset acquired during the second quarter of 2020. During the three and six months ended June 30, 2023, the Company recorded $0.2 million and $0.4 million, respectively, of amortization expense within operating profit associated with an intangible asset acquired during the second quarter of 2020.

(3) During the three and six months ended June 30, 2023, the Company recorded expense of $2.2 million and $11.6 million, respectively, within other expense (income), as a result of the sale of one of the Company’s manufacturing facilities within the Proprietary Products segment. The transaction closed during the second quarter of 2023.
(4) Restructuring and other charges of $0.1 million for both the three and six months ended June 30, 2023 represents the net impact of an inventory write down of $0.9 million within cost of goods and services sold and a $0.8 million benefit within other expense (income) for revised severance estimates in connection with its 2022 restructuring plan.