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Business Segment Information
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
We aggregate our operating businesses into two reportable segments. The factors considered in determining our reportable segments are the economic similarity of the businesses, the nature of products sold or services provided, the production processes and the types of customers and distribution methods. Our reportable segments are managed separately based on these differences.

Our Sealing Products segment designs, manufactures and sells sealing products, including: metallic, non-metallic and composite material gaskets, dynamic seals, compression packing, resilient metal seals, elastomeric seals, custom-engineered mechanical seals for applications in the aerospace industry and other markets, hydraulic components, expansion joints, modular sealing systems for sealing pipeline penetrations and pipe casing isolators and end seals, sanitary gaskets, hoses and fittings for the hygienic process industries, fluid transfer products for the pharmaceutical and biopharmaceutical industries, hole forming products, manhole infiltration sealing systems, bellows and bellows assemblies, pedestals for semiconductor manufacturing, PTFE products, and heavy-duty commercial vehicle parts used in the wheel-end and suspension. In addition to these products, we also provide cleaning and refurbishment services for critical components and assemblies used in state-of-the-art semiconductor equipment. The equipment serviced is used to produce advanced microchips for smartphones, autonomous vehicles, high-speed wireless connectivity, artificial intelligence, and other applications.
Our Engineered Products segment includes operations that design, manufacture and sell self-lubricating, non-rolling metal-polymer, solid polymer and filament wound bearing products, aluminum blocks for hydraulic applications, bolted flange
and welded joint isolation for pipelines, and precision engineered components and lubrication systems for reciprocating compressors.
Segment profit is total segment revenue reduced by operating expenses, restructuring and other costs identifiable with the segment. Corporate expenses include general corporate administrative costs. Expenses not directly attributable to the segments, corporate expenses, net interest expense, gains and losses related to the sale of assets, and income taxes are not included in the computation of segment profit. The accounting policies of the reportable segments are the same as those for EnPro.
Segment operating results and other financial data for the quarters and six months ended June 30, 2020 and 2019 were as follows:
Quarters Ended June 30,Six Months Ended June 30,
2020201920202019
 (in millions)
Sales
Sealing Products$189.9  $231.3  $399.6  $448.5  
Engineered Products58.6  87.3  133.7  174.7  
248.5  318.6  533.3  623.2  
Intersegment sales(1.5) (1.4) (3.6) (3.0) 
Net sales$247.0  $317.2  $529.7  $620.2  
Segment Profit (Loss)
Sealing Products$11.0  $27.9  $36.5  $48.4  
Engineered Products(0.3) 11.6  3.3  18.1  
Total segment profit10.7  39.5  39.8  66.5  
Corporate expenses(7.1) (7.8) (15.6) (17.4) 
Interest expense, net(3.5) (4.2) (7.5) (8.7) 
Other expense, net(1.5) (2.2) (0.2) (4.5) 
Income (loss) from continuing operations before income taxes$(1.4) $25.3  $16.5  $35.9  
Segment assets are as follows:
June 30,
2020		December 31,
2019
(in millions)
Sealing Products$1,288.4  $1,316.5  
Engineered Products252.1  259.4  
Corporate514.9  205.1  
Discontinued operations—  254.1  
$2,055.4  $2,035.1  
 
Backlog

As of June 30, 2020, the aggregate amount of transaction price of remaining performance obligations, or backlog, on a consolidated basis was $190.3 million. Approximately 96% of these obligations are expected to be satisfied within one year. There is no certainty these orders will result in actual sales at the times or in the amounts ordered. In addition, for most of our business, this total is not particularly predictive of future performance because of our short lead times and some seasonality.

Revenue by End Market

Due to the diversified nature of our business and the wide array of products that we offer, we sell into a number of end markets. Underlying economic conditions within these markets are a major driver of our segments' sales performance. Below is a summary of our third party sales by major end market with which we did business for the quarters and six months ended June 30, 2020 and 2019:
Quarter Ended June 30, 2020
(in millions)Sealing ProductsEngineered ProductsTotal
Aerospace$12.5  $1.2  $13.7  
Automotive0.2  7.3  7.5  
Chemical and material processing12.8  11.6  24.4  
Food and pharmaceutical13.6  0.3  13.9  
General industrial36.6  18.7  55.3  
Medium-duty/heavy-duty truck54.1  —  54.1  
Oil and gas5.4  15.0  20.4  
Power generation11.1  4.4  15.5  
Semiconductors41.7  —  41.7  
Other0.5  —  0.5  
Total third party sales$188.5  $58.5  $247.0  

Quarter Ended June 30, 2019
(in millions)Sealing ProductsEngineered ProductsTotal
Aerospace$14.8  $3.0  $17.8  
Automotive0.5  22.5  23.0  
Chemical and material processing13.2  13.0  26.2  
Food and pharmaceutical9.5  0.1  9.6  
General industrial43.1  24.4  67.5  
Medium-duty/heavy-duty truck97.8  0.1  97.9  
Oil and gas7.7  19.4  27.1  
Power generation12.7  2.3  15.0  
Semiconductors27.0  —  27.0  
Other3.9  2.2  6.1  
Total third party sales$230.2  $87.0  $317.2  
Six Months Ended June 30, 2020
(in millions)Sealing ProductsEngineered ProductsTotal
Aerospace$25.0  $3.5  $28.5  
Automotive0.4  27.8  28.2  
Chemical and material processing25.7  21.7  47.4  
Food and pharmaceutical24.8  0.8  25.6  
General industrial82.6  38.1  120.7  
Medium-duty/heavy-duty truck122.9  0.1  123.0  
Oil and gas13.5  32.3  45.8  
Power generation21.0  8.8  29.8  
Semiconductors78.2  —  78.2  
Other2.4  0.1  2.5  
Total third party sales$396.5  $133.2  $529.7  
Six Months Ended June 30, 2019
(in millions)Sealing ProductsEngineered ProductsTotal
Aerospace$26.9  $5.7  $32.6  
Automotive1.5  45.8  47.3  
Chemical and material processing28.6  25.2  53.8  
Food and pharmaceutical19.2  0.3  19.5  
General industrial85.9  50.7  136.6  
Medium-duty/heavy-duty truck187.0  0.4  187.4  
Oil and gas15.7  37.0  52.7  
Power generation23.3  4.7  28.0  
Semiconductors52.5  —  52.5  
Other6.1  3.7  9.8  
Total third party sales$446.7  $173.5  $620.2