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Revenue (Tables)
6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from External Customers by Products and Services
The following table presents net sales disaggregated by product line for each segment:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(in millions)
 
2020
 
2019
 
2020
 
2019
Fluid Handling
 
 
 
 
 
 
 
 
Process Valves and Related Products
 
$
160.8

 
$
182.4

 
$
317.9

 
$
350.4

Commercial Valves
 
58.3

 
83.6

 
134.1

 
164.4

Pumps and Systems
 
20.2

 
24.6

 
43.9

 
49.5

Total Fluid Handling
 
$
239.3

 
$
290.6

 
$
495.9

 
$
564.3

 
 
 
 
 
 
 
 
 
Payment & Merchandising Technologies
 
 
 
 
 
 
 
 
Payment Acceptance and Dispensing Products
 
$
113.5

 
$
154.0

 
$
280.2

 
$
312.7

Banknotes and Security Products
 
106.7

 
88.5

 
200.8

 
187.1

Merchandising Equipment
 
27.4

 
48.5

 
63.9

 
95.0

Total Payment & Merchandising Technologies
 
$
247.6

 
$
291.0

 
$
544.9

 
$
594.8

 
 
 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
 
 
 
Commercial Original Equipment
 
$
51.9

 
$
91.3

 
$
132.5

 
$
181.7

Military and Other Original Equipment
 
65.5

 
55.4

 
125.9

 
106.9

Commercial Aftermarket Products
 
20.3

 
41.4

 
54.2

 
79.6

Military Aftermarket Products
 
19.7

 
16.4

 
37.7

 
30.9

Total Aerospace & Electronics
 
$
157.4

 
$
204.5

 
$
350.3

 
$
399.1

 
 
 
 
 
 
 
 
 
Engineered Materials
 
 
 
 
 
 
 
 
FRP - Recreational Vehicles
 
$
9.7

 
$
22.2

 
$
28.5

 
$
48.7

FRP - Building Products
 
19.4

 
24.0

 
44.3

 
47.7

FRP - Transportation
 
4.5

 
9.3

 
11.8

 
18.7

Total Engineered Materials
 
$
33.6

 
$
55.5

 
$
84.6

 
$
115.1

 
 
 
 
 
 
 
 
 
Total net sales
 
$
677.9

 
$
841.6

 
$
1,475.7

 
$
1,673.3


Contract with Customer, Asset and Liability

(in millions)
June 30, 2020
 
December 31, 2019
Contract assets
$
75.6

 
$
55.8

Contract liabilities
$
77.9

 
$
88.4