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CONSOLIDATED AND COMBINED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Shares Issued at Par Value
Capital Surplus
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Crane Net Investment
Beginning balance at Dec. 31, 2020 $ 914.1 $ 0.0 $ 0.0 $ 0.0 $ (33.5) $ 0.0 $ 947.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 178.0           178.0
Net transfers to Crane (298.1)           (298.1)
Stock-based compensation 8.6           8.6
Changes in pension and postretirement plan assets and benefit obligation, net of tax 7.3       7.3    
Currency translation adjustment (46.1)       (46.1)    
Ending balance at Dec. 31, 2021 763.8 0.0 0.0 0.0 (72.3) 0.0 836.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 204.9           204.9
Net transfers to Crane (135.0)           (135.0)
Stock-based compensation 9.3           9.3
Changes in pension and postretirement plan assets and benefit obligation, net of tax 10.0       10.0    
Currency translation adjustment (69.2)       (69.2)    
Ending balance at Dec. 31, 2022 783.8 0.0 0.0 0.0 (131.5) 0.0 915.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 188.3     144.6     43.7
Cash dividends (23.7)     (23.7)      
Dividend from Crane 275.0           275.0
Net transfers to Crane (285.2)           (285.2)
Reclassification of Crane Net Investment to Common Stock, Treasury Stock and Capital Surplus 0.0 72.4 1,726.8     (848.1) (951.1)
Exercise of stock options, net of shares reacquired 5.0         5.0  
Stock-based compensation 8.8   6.5       2.3
Stock-based compensation reclassification [1] (0.3)   (0.3)        
Impact from settlement of share-based awards, net of shares acquired (0.6)   (4.9)     4.3  
Changes in pension and postretirement plan assets and benefit obligation, net of tax (5.2)       (5.2)    
Currency translation adjustment 18.1       18.1    
Ending balance at Dec. 31, 2023 $ 964.0 $ 72.4 $ 1,728.1 $ 120.9 $ (118.6) $ (838.8) $ 0.0
[1] Reclassification of stock-based compensation due to modification resulting from equity award conversions. See Note 7, “Stock-Based Compensation Plans” for additional information.