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Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company’s segments are reported on the same basis used by our chief operating decision maker, for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Motion Technologies, Industrial Process, and Connect & Control Technologies.
Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets.
Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts.
Connect & Control Technologies manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets.
Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, such as asbestos and environmental liabilities, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. Assets of the segments exclude general corporate assets, which principally consist of cash, investments, asbestos-related receivables, deferred taxes, and certain property, plant and equipment.

The following table presents our revenue, operating income, and operating margin for each segment.
 RevenueOperating IncomeOperating Margin
For the Year Ended202120202019202120202019202120202019
Motion Technologies$1,368.6 $1,121.1 $1,241.8 $258.2 $184.0 $216.1 18.9 %16.4 %17.4 %
Industrial Process843.2 843.0 943.8 126.8 77.6 104.7 15.0 %9.2 %11.1 %
Connect & Control Technologies554.7 516.5 663.9 81.7 57.0 111.5 14.7 %11.0 %16.8 %
Eliminations(1.5)(2.8)(3.1)— — — — — 0— 
Total segment results2,765.0 2,477.8 2,846.4 466.7 318.6 432.3 16.9 %12.9 %15.2 %
Asbestos-related benefit (costs), net(a)
— — — 74.4 (66.3)20.2 — — — 
Other corporate costs— — — (36.8)(25.8)(41.1)— — — 
Total Corporate and other benefit (costs)— — — 37.6 (92.1)(20.9)— — — 
Total$2,765.0 $2,477.8 $2,846.4 $504.3 $226.5 $411.4 18.2 %9.1 %14.5 %
(a)The 2021 period includes a pre-tax gain of $88.8 resulting from the InTelCo Management LLC (InTelCo) divestiture transaction. The 2020 period includes the impact of extending the net asbestos measurement over the full time period we expected claims to be filed against InTelCo. See Note 20, Commitments and Contingencies, for further information.
The following table presents our assets as of December 31, 2021 and 2020, as well as our capital expenditures and depreciation and amortization expense for the years ended December 31, 2021, 2020, and 2019, by segment.
 AssetsCapital
Expenditures		Depreciation
and Amortization
20212020202120202019202120202019
Motion Technologies$1,272.8 $1,202.3 $71.1 $43.8 $57.7 $64.1 $60.0 $58.6 
Industrial Process1,030.0 1,069.6 6.7 8.3 11.2 22.3 23.7 26.3 
Connect & Control Technologies719.3 720.5 8.5 10.6 19.4 21.8 23.1 21.8 
Corporate and Other(a)
543.3 1,285.2 2.1 1.0 3.1 4.9 5.4 6.7 
Total$3,565.4 $4,277.6 $88.4 $63.7 $91.4 $113.1 $112.2 $113.4 
(a)The decrease in Corporate total assets during 2021 is due to the InTelCo divestiture transaction. See Note 20, Commitments and Contingencies, for further information.
The following table displays consolidated revenue by geographic region. Revenue is attributed to individual regions based on the destination of the product or service delivery.
For the Year Ended December 31, 2021Motion TechnologiesIndustrial ProcessConnect & Control TechnologiesEliminationsTotal
North America(a)
$249.9 $470.1 $331.4 $(1.5)$1,049.9 
Europe(b)
798.8 96.0 115.5 — 1,010.3 
Asia(c)
307.8 99.8 84.0 — 491.6 
Middle East and Africa1.0 97.7 18.1 — 116.8 
South America11.1 79.6 5.7 — 96.4 
Total$1,368.6 $843.2 $554.7 $(1.5)$2,765.0 
For the Year Ended December 31, 2020
North America(a)
$187.3 $479.0 $319.3 $(2.6)$983.0 
Europe(b)
676.4 95.5 97.4 — 869.3 
Asia(c)
243.8 93.1 77.0 (0.2)413.7 
Middle East and Africa1.5 92.0 18.8 — 112.3 
South America12.1 83.4 4.0 — 99.5 
Total$1,121.1 $843.0 $516.5 $(2.8)$2,477.8 
For the Year Ended December 31, 2019
North America(a)
$204.4 $558.7 $431.9 $(2.9)$1,192.1 
Europe(b)
780.5 89.7 125.9 — 996.1 
Asia(c)
241.7 101.9 83.8 (0.2)427.2 
Middle East and Africa2.3 114.1 16.3 — 132.7 
South America12.9 79.4 6.0 — 98.3 
Total$1,241.8 $943.8 $663.9 $(3.1)$2,846.4 
(a)Includes revenue of $842.9, $811.0, and $989.4 from the United States for 2021, 2020, and 2019, respectively.
(b)Includes revenue of $418.3, $334.9, and $391.2 from Germany for 2021, 2020, and 2019, respectively.
(c)Includes revenue of $306.5, $232.9, and $227.6 from China for 2021, 2020, and 2019, respectively.

The following table displays Plant, Property and Equipment (PPE), net by geographic region.
As of December 3120212020
North America(a)
$160.6 $174.1 
Europe(b)
263.8 263.8 
Asia(c)
81.1 83.7 
Middle East and Africa0.6 0.2 
South America3.0 3.3 
Total$509.1 $525.1 
(a)Includes PPE, net of $130.3 and $141.8 in the United States as of December 31, 2021 and 2020, respectively.
(b)Includes PPE, net of $115.7 and $108.2 in Italy as of December 31, 2021 and 2020, respectively.
(c)Includes PPE, net of $52.5 and $51.7 in China as of December 31, 2021 and 2020, respectively.