Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Business Segment Information

The following table summarizes total assets by segment:

	September 30, 2019		December 31, 2018
	(in millions)
Advanced Plastic Processing Technologies	$	435.3	$	482.3
Melt Delivery and Control Systems	998.9		1,030.6
Fluid Technologies	149.5		145.3
Corporate	59.9		74.3
Total assets	$	1,643.6	$	1,732.5

The following table summarizes long-lived assets, net by segment:

	September 30, 2019		December 31, 2018
	(in millions)
Advanced Plastic Processing Technologies	$	98.6	$	82.1
Melt Delivery and Control Systems	113.1		109.6
Fluid Technologies	22.6		17.7
Corporate	6.7		6.3
Total long-lived assets, net	$	241.0	$	215.7

The following tables summarize segment information:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(in millions)
Net sales to external customers:
Advanced Plastic Processing Technologies	$	121.5	$	141.4	$	378.8	$	427.6
Melt Delivery and Control Systems	98.9		108.8		302.8		349.4
Fluid Technologies	29.9		32.6		88.8		98.2
Total net sales to external customers	$	250.3	$	282.8	$	770.4	$	875.2

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
	(in millions)
Operating earnings (loss):
Advanced Plastic Processing Technologies	$	9.3		$	11.6		$	34.9		$	25.4
Melt Delivery and Control Systems	16.6			25.4			55.0			82.4
Fluid Technologies	5.9			6.1			16.9			18.5
Corporate	(12.5		)	(11.2		)	(37.8		)	(35.5		)
Total operating earnings	$	19.3		$	31.9		$	69.0		$	90.8
Capital expenditures:
Advanced Plastic Processing Technologies	$	3.9		$	4.1		$	14.1		$	9.2
Melt Delivery and Control Systems	1.8			3.9			15.0			12.7
Fluid Technologies	0.5			0.8			2.0			1.7
Corporate	0.3			0.4			0.3			1.4
Total capital expenditures	$	6.5		$	9.2		$	31.4		$	25.0
Depreciation and amortization:
Advanced Plastic Processing Technologies	$	2.7		$	3.0		$	8.2		$	9.9
Melt Delivery and Control Systems	7.8			7.9			23.4			24.8
Fluid Technologies	0.7			1.1			2.5			3.3
Corporate	0.4			0.4			1.2			1.0
Total depreciation and amortization	$	11.6		$	12.4		$	35.3		$	39.0

Net Sales to External Customers, by Geographic Region

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(in millions)
Net sales to external customers:
United States	$	109.7	$	123.5	$	340.9	$	354.8
China	27.6		36.2		81.1		124.3
India	28.3		29.3		95.2		96.7
Rest of World	84.7		93.8		253.2		299.4
Total net sales to external customers	$	250.3	$	282.8	$	770.4	$	875.2

Long-lived Assets, by Geographic Region

	September 30, 2019		December 31, 2018
	(in millions)
Long-lived assets, net:
United States	$	75.0	$	63.3
China	49.5		48.4
India	42.1		37.9
Czech Republic	17.2		18.7
Canada	26.6		29.0
Rest of World	30.6		18.4
Total long-lived assets, net	$	241.0	$	215.7