Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 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.

	Years Ended December 31,
	2022			2021			2020
Net Sales:
Power Transmission Technologies	$	985.6		$	924.8		$	818.6
Automation & Specialty		965.5			979.0			911.8
Inter-segment eliminations		(5.6	)		(4.0	)		(4.4	)
Net sales	$	1,945.5		$	1,899.8		$	1,726.0

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

	Net Sales
	Years Ended December 31,
	2022		2021		2020
North America (primarily U.S.)	$	1,124.2	$	1,018.3	$	914.9
Europe excluding Germany		344.8		341.9		289.3
Germany		209.5		200.0		185.8
China		148.0		222.9		222.5
Asia and other (excluding China)		119.0		116.7		113.5
Total	$	1,945.5	$	1,899.8	$	1,726.0

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, 2022 and December 31, 2021 are as follows:

	Years Ended December 31,
	2022		2021
Beginning balance	$	13.5	$	10.3
Closing balance		16.9		13.5
Increase	$	3.4	$	3.2