Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Revenue by Reporting Segments

The following table presents our revenue, operating income, and operating margin for each segment.


	Revenue						Operating Income						Operating Margin
For the Year Ended	2021		2020		2019		2021		2020		2019		2021		2020			2019
Motion Technologies	$	1,368.6	$	1,121.1	$	1,241.8	$	258.2	$	184.0	$	216.1	18.9	%	16.4	%		17.4	%
Industrial Process	843.2		843.0		943.8		126.8		77.6		104.7		15.0	%	9.2	%		11.1	%
Connect & Control Technologies	554.7		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 results	2,765.0		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.

Schedule of Segment Reporting 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.


	Assets				Capital Expenditures						Depreciation and Amortization
	2021		2020		2021		2020		2019		2021		2020		2019
Motion Technologies	$	1,272.8	$	1,202.3	$	71.1	$	43.8	$	57.7	$	64.1	$	60.0	$	58.6
Industrial Process	1,030.0		1,069.6		6.7		8.3		11.2		22.3		23.7		26.3
Connect & Control Technologies	719.3		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.

Business Segment Information by Geographical 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, 2021	Motion Technologies		Industrial Process		Connect & Control Technologies		Eliminations		Total
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 Africa	1.0		97.7		18.1		—		116.8
South America	11.1		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 Africa	1.5		92.0		18.8		—		112.3
South America	12.1		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 Africa	2.3		114.1		16.3		—		132.7
South America	12.9		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.

Schedule of PP&E by Geographic Region

The following table displays Plant, Property and Equipment (PPE), net by geographic region.


As of December 31	2021		2020
North America(a)	$	160.6	$	174.1
Europe(b)	263.8		263.8
Asia(c)	81.1		83.7
Middle East and Africa	0.6		0.2
South America	3.0		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.