Revenue (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023	Motion Technologies			Industrial Process			Connect & Control Technologies			Eliminations			Total
Auto and rail		$	1,423.7		$	—		$	—		$	(0.1)		$	1,423.6
Chemical and industrial pumps		—			893.0			—			(0.1)			892.9
Aerospace and defense		8.4			—			377.3			—			385.7
General industrial		25.7			—			270.7			(3.6)			292.8
Energy		—			236.6			51.4			—			288.0
Total		$	1,457.8		$	1,129.6		$	699.4		$	(3.8)		$	3,283.0
For the Year Ended December 31, 2022
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

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

The following table represents our net contract assets and liabilities.

As of December 31	2023			2022
Current contract assets		$	25.8		$	26.3
Noncurrent contract assets		1.6			1.2
Current contract liabilities		(95.9)			(70.2)
Noncurrent contract liabilities		(4.5)			(4.4)
Net contract liabilities		$	(73.0)		$	(47.1)

Our net contract liability increased $25.9 during 2023, primarily due to timing of cash receipts relative to project performance within our IP segment. During 2023, we recognized revenue of $49.2 related to contract liabilities at December 31, 2022.