XML 99 R87.htm IDEA: XBRL DOCUMENT v3.23.1
Segment Results - Schedule of Segment Results (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Segment Reporting [Abstract]    
Revenue $ 1,629.3 $ 1,337.0
Segment Adjusted EBITDA 440.1 332.5
Less items to reconcile Segment Adjusted EBITDA to Income from Continuing Operations Before Income Taxes:    
Interest expense 38.9 19.0
Restructuring and related business transformation costs 4.3 14.2
Acquisition and other transaction related expenses and non-cash charges 15.2 7.5
Stock-based compensation 12.1 19.8
Foreign currency transaction losses (gains), net 1.0 (3.8)
Adjustments to LIFO inventories 7.8 0.0
Income from Continuing Operations Before Income Taxes 211.0 142.6
Provision for income taxes 48.1 32.4
Income (loss) on equity method investments 0.3 (4.3)
Income from Continuing Operations 163.2 105.9
Loss from discontinued operations, net of tax 0.0 (1.4)
Net Income 163.2 104.5
Depreciation of rental equipment 0.9 1.0
Restructuring Costs [Abstract]    
Restructuring charges 2.9 12.5
Facility reorganization, relocation and other costs 1.4 1.7
Total restructuring and related business transformation costs 4.3 14.2
Industrial Technologies and Services    
Segment Reporting [Abstract]    
Revenue 1,317.2 1,039.6
Restructuring Costs [Abstract]    
Restructuring charges 1.1  
Precision and Science Technologies    
Segment Reporting [Abstract]    
Revenue 312.1 297.4
Operating Segments | Industrial Technologies and Services    
Segment Reporting [Abstract]    
Revenue 1,317.2 1,039.6
Segment Adjusted EBITDA 345.6 247.4
Operating Segments | Precision and Science Technologies    
Segment Reporting [Abstract]    
Revenue 312.1 297.4
Segment Adjusted EBITDA 94.5 85.1
Corporate expenses not allocated to segments    
Less items to reconcile Segment Adjusted EBITDA to Income from Continuing Operations Before Income Taxes:    
Corporate expenses not allocated to segments 40.0 28.9
Segment Reconciling Items    
Less items to reconcile Segment Adjusted EBITDA to Income from Continuing Operations Before Income Taxes:    
Interest expense 38.9 19.0
Depreciation and amortization expense 113.1 107.5
Restructuring and related business transformation costs 4.3 14.2
Acquisition and other transaction related expenses and non-cash charges 18.0 9.5
Stock-based compensation 12.1 19.8
Foreign currency transaction losses (gains), net 1.0 (3.8)
Adjustments to LIFO inventories 7.8 0.0
Other adjustments (6.1) (5.2)
Income from Continuing Operations Before Income Taxes 211.0 142.6
Restructuring Costs [Abstract]    
Total restructuring and related business transformation costs $ 4.3 $ 14.2