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Nature of Operations and Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Earnings Per Share
(in millions, except per share data) For the year ended December 31,202420232022
Net income attributable to common shareholders$184.1 $188.3 $204.9 
Average basic shares outstanding57.156.856.7
Effect of dilutive share-based awards0.70.7—
Average diluted shares outstanding57.857.556.7
Basic earnings per share$3.22 $3.31 $3.61 
Diluted earnings per share$3.19 $3.28 $3.61 
Summary of Inventories Inventories consist of the following:
(in millions) December 31,20242023
Finished goods$19.2 $35.6 
Finished parts and subassemblies24.3 22.7 
Work in process14.3 6.4 
Raw materials87.0 92.4 
Total inventories, net$144.8 $157.1 
Summary of Property, Plant and Equipment, Net Property, plant and equipment, net consists of the following: 
(in millions) December 31,20242023
Land$33.6 $34.8 
Buildings and improvements121.4 123.2 
Machinery and equipment444.8 406.1 
Gross property, plant and equipment599.8 564.1 
Less: accumulated depreciation327.5 302.9 
Property, plant and equipment, net$272.3 $261.2 
Schedule of Changes to Goodwill
Changes to goodwill are as follows:
(in millions) Crane Payment InnovationsSecurity and Authentication TechnologiesTotal
Balance as of December 31, 2022
$622.4 $214.2 $836.6 
Currency translation4.3 0.3 4.6 
Balance as of December 31, 2023
$626.7 $214.5 $841.2 
Additions (see Note 3)— 133.7 $133.7 
Currency translation(17.6)(0.7)(18.3)
Balance as of December 31, 2024
$609.1 $347.5 $956.6 
Summary of Intangible Assets, Finite
Changes to intangible assets are as follows:
(in millions) December 31,202420232022
Balance at beginning of period, net of accumulated amortization$308.9 $344.9 $388.5 
Additions161.8 — — 
Amortization expense(47.0)(35.9)(36.0)
Currency translation and other(4.4)(0.1)(7.6)
Balance at end of period, net of accumulated amortization$419.3 $308.9 $344.9 
A summary of intangible assets follows:
(in millions)Weighted Average
Amortization Period of Finite Lived Assets (in years)		December 31, 2024December 31, 2023
Gross
Asset		Accumulated
Amortization		NetGross
Asset		Accumulated
Amortization		Net
Intellectual property rights10.9$65.5 $15.4 $50.1 $62.2 $15.0 $47.2 
Customer relationships and backlog18.9610.5 293.9 316.6 504.4 269.5 234.9 
Developed Technology6.866.4 26.8 39.6 26.3 21.2 5.1 
Other12.071.8 58.8 13.0 73.5 51.8 21.7 
Total18.3$814.2 $394.9 $419.3 $666.4 $357.5 $308.9 
Summary of Intangible Assets, Indefinite
Changes to intangible assets are as follows:
(in millions) December 31,202420232022
Balance at beginning of period, net of accumulated amortization$308.9 $344.9 $388.5 
Additions161.8 — — 
Amortization expense(47.0)(35.9)(36.0)
Currency translation and other(4.4)(0.1)(7.6)
Balance at end of period, net of accumulated amortization$419.3 $308.9 $344.9 
A summary of intangible assets follows:
(in millions)Weighted Average
Amortization Period of Finite Lived Assets (in years)		December 31, 2024December 31, 2023
Gross
Asset		Accumulated
Amortization		NetGross
Asset		Accumulated
Amortization		Net
Intellectual property rights10.9$65.5 $15.4 $50.1 $62.2 $15.0 $47.2 
Customer relationships and backlog18.9610.5 293.9 316.6 504.4 269.5 234.9 
Developed Technology6.866.4 26.8 39.6 26.3 21.2 5.1 
Other12.071.8 58.8 13.0 73.5 51.8 21.7 
Total18.3$814.2 $394.9 $419.3 $666.4 $357.5 $308.9 
Summary of Future Amortization Expense of Intangibles
Future amortization expense associated with intangibles is expected to be:
Year(in millions)
2025$45.3 
2026$45.1 
2027$42.8 
2028$37.9 
2029$37.1 
2030 and after$165.6 
Schedule of Accumulated Other Comprehensive Loss The tables below provide the accumulated balances for each classification of accumulated other comprehensive loss, as reflected on the Consolidated Balance Sheets.
(in millions)Defined Benefit Pension and Other Postretirement Items Currency Translation Adjustment
 Total (a)
Balance as of December 31, 2021$(1.0)$(71.3)$(72.3)
Other comprehensive income (loss) before reclassifications10.9 (69.2)(58.3)
Amounts reclassified from accumulated other comprehensive loss(0.9)— (0.9)
Net period other comprehensive income (loss)10.0 (69.2)(59.2)
Balance as of December 31, 20229.0 (140.5)(131.5)
Other comprehensive (loss) income before reclassifications(3.2)18.1 14.9 
Amounts reclassified from accumulated other comprehensive income (loss)(2.0)— (2.0)
Net period other comprehensive (loss) income (5.2)18.1 12.9 
Balance as of December 31, 20233.8 (122.4)(118.6)
Other comprehensive loss before reclassifications— (50.9)(50.9)
Amounts reclassified from accumulated other comprehensive income (loss)(3.1)— (3.1)
Net period other comprehensive loss(3.1)(50.9)(54.0)
Balance as of December 31, 2024$0.7 $(173.3)$(172.6)
(a)
 Net of tax detriment of $1.3 million, $1.5 million and $2.1 million for December 31, 2024, 2023 and 2022, respectively.
Amounts Reclassified out of Accumulated Other Comprehensive Loss
The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive loss for the years ended December 31, 2024, 2023 and 2022. Amortization of pension and postretirement components have been recorded within “Miscellaneous income, net” on the Consolidated and Combined Statements of Operations.
(in millions) Amount Reclassified from Accumulated Other Comprehensive Loss
 December 31,202420232022
Amortization of pension items:
Prior service costs$(0.8)$(0.7)$(0.7)
Net loss0.3 — 0.6 
Amortization of postretirement items:
Prior service costs(0.9)(1.1)(1.1)
Net gain(0.9)(0.7)— 
Other(1.4)— — 
Total before tax$(3.7)$(2.5)$(1.2)
Tax impact(0.6)(0.5)(0.3)
Total reclassifications for the period$(3.1)$(2.0)$(0.9)