Revenue (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table represents our revenue disaggregated by end market.

For the Year Ended December 31, 2022	Motion Technologies			Industrial Process			Connect & Control Technologies			Eliminations			Total
Auto and rail		$	1,336.1		$	—		$	—		$	(0.1)		$	1,336.0
Chemical and industrial pumps		—			780.9			—			(0.1)			780.8
Aerospace and defense		7.8			—			316.9			—			324.7
General industrial		30.1			—			285.1			(2.7)			312.5
Energy		—			190.1			43.6			—			233.7
Total		$	1,374.0		$	971.0		$	645.6		$	(2.9)		$	2,987.7
For the Year Ended December 31, 2021
Auto and rail		$	1,335.1		$	—		$	—		$	—		$	1,335.1
Chemical and industrial pumps		—			659.0			—			—			659.0
Aerospace and defense		8.3			—			261.4			—			269.7
General industrial		25.2			—			255.2			(1.5)			278.9
Energy		—			184.2			38.1			—			222.3
Total		$	1,368.6		$	843.2		$	554.7		$	(1.5)		$	2,765.0
For the Year Ended December 31, 2020
Auto and rail		$	1,104.6		$	—		$	—		$	(0.2)		$	1,104.4
Chemical and industrial pumps		—			660.5			—			—			660.5
Aerospace and defense		6.7			—			284.7			—			291.4
General industrial		9.8			—			200.5			(2.6)			207.7
Energy		—			182.5			31.3			—			213.8
Total		$	1,121.1		$	843.0		$	516.5		$	(2.8)		$	2,477.8

Contract with Customer, Asset and Liability [Table Text Block]

The following table represents our net contract assets and liabilities.

As of December 31	2022			2021
Current contract assets		$	26.3		$	20.6
Noncurrent contract assets		1.2			0.3
Current contract liabilities		(70.2)			(46.6)
Noncurrent contract liabilities		(4.4)			(4.4)
Net contract liabilities		$	(47.1)		$	(30.1)

Our net contract liability increased $17.0 during 2022, primarily due to timing of cash receipts relative to project performance within our IP segment. During 2022, we recognized revenue of $33.7 related to contract liabilities at December 31, 2021.