Discontinued Operations

6 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

As discussed in Note 1, Crane Company has reflected the historical consolidated financial statements of Crane Holdings, Co. with the Payment & Merchandising Technologies segment classified as discontinued operations.

Financial results from discontinued operations:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2024		2023		2024		2023
Net sales	$	—	$	—	$	—	$	329.1
Cost of sales	—		—		—		174.4
Selling, general and administrative	—		—		—		80.0
Operating profit	—		—		—		74.7
Other income (expense), net	—		1.0		—		(11.2)
Net income from discontinued operations before income taxes	—		1.0		—		63.5
(Benefit from) Provision for income taxes	—		(1.3)		—		11.4
Income from discontinued operations, net of tax	$	—	$	2.3	$	—	$	52.1