Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Segment Reporting Information

Segment results for the periods indicated were as follows:


	Three Months Ended				Six Months Ended
($ in millions)	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Sales:
Mobility Technologies	$	238.8	$	210.6	$	484.7	$	418.2
Repair Solutions(a)	158.4		149.7		339.8		314.1
Environmental & Fueling Solutions	339.3		375.3		653.1		703.5
Other	27.9		40.8		63.2		88.7
Total	$	764.4	$	776.4	$	1,540.8	$	1,524.5

Segment operating profit:
Mobility Technologies	$	44.7	$	42.6	$	92.6	$	83.7
Repair Solutions(b)	41.6		41.6		88.9		88.6
Environmental & Fueling Solutions	95.2		98.5		175.9		180.5
Other	2.2		3.2		6.0		8.3
Segment operating profit	183.7		185.9		363.4		361.1
Corporate & other unallocated costs(b)	(63.1)		(49.4)		(109.0)		(89.8)
Operating profit	120.6		136.5		254.4		271.3
Interest expense, net	(23.9)		(15.3)		(47.9)		(28.2)
Gain on sale of business	34.1		—		34.1		—
Gain on previously held equity interests from combination of business	—		—		—		32.7
Unrealized (loss) gain on equity securities measured at fair value	—		(80.0)		—		83.0
Other non-operating expense, net	(0.5)		—		(1.4)		(0.1)
Earnings before income taxes	$	130.3	$	41.2	$	239.2	$	358.7

Depreciation expense:
Mobility Technologies	$	6.8	$	4.7	$	12.9	$	10.7
Repair Solutions	0.5		0.4		0.9		0.8
Environmental & Fueling Solutions	3.8		3.6		7.4		7.2
Other	—		0.5		—		0.9
Corporate	0.2		0.2		0.5		0.4
Total	$	11.3	$	9.4	$	21.7	$	20.0

(a) Includes interest income related to financing receivables of $19.0 million, $18.2 million, $38.8 million and $36.6 million for the three and six months ended June 30, 2023 and July 1, 2022, respectively.

(b) Includes the Repair Solutions Capital Charge of $10.3 million, $9.9 million, $20.5 million and $19.8 million for the three and six months ended June 30, 2023 and July 1, 2022, respectively.