Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of segment revenue and operating profit

Segment operating profit is defined as total segment revenue less segment operating expense. Business segment information was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2020		2019		2020		2019
Revenue
JBT FoodTech	$	302.8	$	343.3	$	612.5	$	637.9
JBT AeroTech	108.7		149.9		256.7		272.8
Other revenue and intercompany eliminations	—		0.1		—		0.1
Total revenue	411.5		493.3		869.2		910.8
Income before income taxes
Segment operating profit:
JBT FoodTech	49.0		51.3		89.7		90.0
JBT AeroTech	10.3		17.9		28.8		28.0
Total segment operating profit	59.3		69.2		118.5		118.0
Corporate items:
Corporate expense (1)	9.6		17.9		23.1		30.8
Restructuring expense (2)	2.1		4.3		4.1		10.2
Operating income	47.6		47.0		91.3		77.0
Pension expense, other than service cost	1.0		0.5		2.0		1.0
Interest expense, net	3.5		4.2		8.3		7.5
Income from continuing operations before income taxes	$	43.1	$	42.3	$	81.0	$	68.5

(1) Corporate expense generally includes corporate staff-related expense, stock-based compensation, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations.

(2)

Refer to Note 14. Restructuring for further information on restructuring expense.