Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Financial Information by Reportable Segment

Financial information by reportable segment is set forth below:

(in millions) Year ended December 31, 2024	Crane Payment Innovations		Security and Authentication Technologies		Corporate		Total
Net Sales	$	873.2	$	613.6	$	—	$	1,486.8
Less:
Cost of operations	394.2		323.6		—
Selling and administrative expense	160.6		94.2		(70.5)
Engineering expense	43.8		27.2		—
Other segment items (a)	46.2		57.7		—
Operating profit (loss)	228.4		110.9		(70.5)		268.8
Interest income							1.6
Interest expense							(47.8)
Miscellaneous income, net							3.8
Income before income taxes							$	226.4
Capital expenditures	$	7.9	$	37.5	$	0.1	$	45.5
Depreciation and amortization	$	29.3	$	55.1	$	2.4	$	86.8

(in millions) Year ended December 31, 2023	Crane Payment Innovations		Security and Authentication Technologies		Corporate		Total
Net Sales	$	886.4	$	504.9	$	—	$	1,391.3
Less:
Cost of operations	373.3		297.6		—
Selling and administrative expense	152.9		72.1		72.3
Engineering expense	51.5		18.7		—
Other segment items (a)	65.9		0.2		—
Operating profit (loss)	242.8		116.3		(72.3)		286.8
Interest income							1.1
Interest expense							(48.1)
Related party interest expense							(2.5)
Miscellaneous income, net							2.5
Income before income taxes							$	239.8
Capital expenditures	$	7.6	$	25.9	$	1.6	35.1
Depreciation and amortization	$	31.2	$	44.2	$	2.2	77.6

(in millions) Year ended December 31, 2022	Crane Payment Innovations		Security and Authentication Technologies		Corporate		Total
Net Sales	$	874.3	$	465.6	$	—	$	1,339.9
Less:
Cost of operations	369.6		238.2		—
Selling and administrative expense	156.3		67.5		33.1
Engineering expense	56.7		11.3		—
Other segment items (a)	74.6		31.3		—
Operating profit (loss)	217.1		117.3		(33.1)		301.3
Interest income							0.2
Interest expense							(41.9)
Related party interest expense							(14.4)
Miscellaneous income, net							3.1
Income before income taxes							$	248.3
Capital expenditures	$	5.0	$	16.3	$	—	21.3
Depreciation and amortization	$	32.9	$	45.3	$	0.5	78.7

(a) Includes other cost of operations such as manufacturing costs, amortization expenses, shipping and handling costs, and certain overhead expenses, as well as corporate allocations.

Balance sheet items by reportable segment is set forth below:

(in millions) December 31,	2024		2023
Goodwill:
Crane Payment Innovations	$	609.1	$	626.7
Security and Authentication Technologies	347.5		214.5
Total goodwill	$	956.6	$	841.2
Assets:
Crane Payment Innovations	$	1,187.1	$	1,279.1
Security and Authentication Technologies	1,178.2		814.4
Corporate	21.2		35.9
Total assets	$	2,386.5	$	2,129.4

Summary of Financial Information by Geographic Region

Net sales by geographic region:

(in millions) December 31,	2024		2023		2022
Net sales (a)
North America	$	804.8	$	787.1	$	826.9
Western Europe	162.1		196.3		187.8
Rest of the World	519.9		407.9		325.2
Total net sales	$	1,486.8	$	1,391.3	$	1,339.9

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

Long-lived assets by geographic region:

(in millions) December 31,	2024		2023
Long-lived assets (a)
North America	$	187.3	$	159.7
Western Europe	129.1		134.7
Rest of the World	16.3		14.6
Total long-lived assets	$	332.7	$	309.0

(a) Long-lived assets, net by geographic region are based on the location of the business unit and consist of property, plant and equipment and operating lease assets.