Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment is set forth below:

(in millions) December 31,	2022		2021		2020
Net Sales:
Aerospace & Electronics	$	667.3	$	638.3	$	650.7
Process Flow Technologies	1,109.4		1,196.6		1,005.8
Payment & Merchandising Technologies	1,339.9		1,345.1		1,104.8
Engineered Materials	258.3		228.0		175.6
TOTAL NET SALES	$	3,374.9	$	3,408.0	$	2,936.9
Operating profit:
Aerospace & Electronics	$	120.3	$	110.0	$	100.7
Process Flow Technologies	168.2		182.5		97.7
Payment & Merchandising Technologies	333.1		307.5		100.6
Engineered Materials	32.6		26.9		22.7
Corporate	(284.7)		(97.7)		(58.8)
TOTAL OPERATING PROFIT (a)	$	369.5	$	529.2	$	262.9
Capital expenditures:
Aerospace & Electronics	$	9.3	$	14.1	$	9.8
Process Flow Technologies	23.9		18.8		13.7
Payment & Merchandising Technologies	21.3		18.6		9.3
Engineered Materials	3.8		2.2		1.2
Corporate	0.1		0.2		0.1
TOTAL CAPITAL EXPENDITURES	$	58.4	$	53.9	$	34.1
Depreciation and amortization:
Aerospace & Electronics	$	14.1	$	14.7	$	14.2
Process Flow Technologies	19.5		22.0		21.6
Payment & Merchandising Technologies	78.2		81.3		85.9
Engineered Materials	5.8		1.6		3.7
Corporate	1.3		1.5		2.1
TOTAL DEPRECIATION AND AMORTIZATION	$	118.9	$	121.1	$	127.5

(a) For the year ended December 31, 2022, operating profit includes a loss on divestiture of asbestos-related assets and liabilities of $162.4 million and net restructuring charges of $10.4 million. For the year ended December 31, 2021, operating profit included a restructuring gain of $16.9 million. For the year ended December 31, 2020, operating profit included acquisition-related and integration charges of $12.9 million and net restructuring charges of $32.3 million. See Note 15, “Restructuring Charges” for discussion of the restructuring charges.

Balance sheet items by reportable segment is set forth below:

(in millions) December 31,	2022		2021
Goodwill:
Aerospace & Electronics	$	202.3	$	202.5
Process Flow Technologies	317.3		349.4
Payment & Merchandising Technologies	836.6		860.6
Engineered Materials	171.3		171.3
TOTAL GOODWILL	$	1,527.5	$	1,583.8
Assets:
Aerospace & Electronics	$	663.3	$	604.7
Process Flow Technologies	1,064.7		1,240.4
Payment & Merchandising Technologies	2,125.9		2,096.5
Engineered Materials	218.6		220.5
Corporate	317.7		324.5
TOTAL ASSETS	$	4,390.2	$	4,486.6

Revenue from External Customers by Geographic Areas

Net sales by geographic region:

(in millions) December 31,	2022		2021		2020
Net sales (a)
United States	$	1,990.4	$	1,858.1	$	1,862.7
Canada	183.3		293.6		162.9
United Kingdom	131.9		140.9		270.9
Continental Europe	475.8		411.2		480.1
Other international	593.5		704.2		160.3
TOTAL NET SALES	$	3,374.9	$	3,408.0	$	2,936.9

(a) Net sales by geographic region are based on the destination of the sale.

Long-lived assets by geographic region:

(in millions) December 31,	2022		2021
Long-lived assets (a)
United States	$	310.3	$	324.4
Canada	0.8		18.2
Europe	213.4		231.3
Other international	66.3		62.8
Corporate	11.6		15.6
TOTAL LONG-LIVED ASSETS	$	602.4	$	652.3

(a) Long-lived assets, net by geographic region are based on the location of the business unit.