Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2021

Revenue From Contract With Customer [Abstract]

Disaggregates Revenue for Each Reportable Segment and Geographic Region

The following table disaggregates our revenue for each reportable segment. The Company believes that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

	Years Ended December 31,
	2021			2020			2019
Net Sales:
Power Transmission Technologies	$	924.8		$	818.6		$	907.7
Automation & Specialty		979.0			911.8			931.0
Inter-segment eliminations		(4.0	)		(4.4	)		(4.6	)
Net sales	$	1,899.8		$	1,726.0		$	1,834.1

Net sales by geographic region based on point of shipment origin are as follows:

	Net Sales
	Years Ended December 31,
	2021		2020		2019
North America (primarily U.S.)	$	1,018.3	$	914.9	$	1,036.5
Europe excluding Germany		341.9		289.3		307.7
Germany		200.0		185.8		222.7
China		222.9		222.5		159.6
Asia and other (excluding China)		116.7		113.5		107.6
Total	$	1,899.8	$	1,726.0	$	1,834.1

Summary of Opening and Closing Balances of Current Contract Liability

The opening and closing balances of the Company’s current contract liabilities as of the year to date periods ended December 31, 2021 and December 31, 2020 are as follows:

	Years Ended December 31,
	2021		2020
Beginning balance	$	10.3	$	8.4
Closing balance		13.5		10.3
Increase	$	3.2	$	1.9