Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2022

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.

	Quarter Ended						Year to Date Ended
	September 30, 2022			September 30, 2021			September 30, 2022			September 30, 2021
Power Transmission Technologies	$	239.3		$	232.5		$	745.5		$	691.1
Automation & Specialty		228.6			237.8			735.1			741.9
Inter-segment eliminations		(1.6	)		(1.0	)		(4.5	)		(3.0	)
Total net sales	$	466.3		$	469.3		$	1,476.1		$	1,430.0

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

	Quarter Ended				Year to Date Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
North America (primarily U.S.)	$	277.7	$	256.1	$	849.8	$	758.6
Europe excluding Germany		75.4		83.9		262.0		259.1
Germany		51.0		50.0		162.5		151.5
China		33.0		48.8		114.2		176.9
Asia and other excluding China		29.2		30.5		87.6		83.9
Total net sales	$	466.3	$	469.3	$	1,476.1	$	1,430.0

Summary of Opening and Closing Balances of Current Contract Liability

The Company had inconsequential contract assets for the year to date periods ended September 30, 2022 and September 30, 2021, respectively. The opening and closing balances of the Company’s current contract liabilities as of the year to date periods ended September 30, 2022 and September 30, 2021 are as follows:

	Year to Date Ended
	September 30, 2022		September 30, 2021
Beginning balance	$	13.5	$	10.3
Closing balance		15.1		14.3
Increase	$	1.6	$	4.0