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Segment Reporting
 12 Months Ended
Jul. 31, 2022
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Reporting
Note 19. Segment Reporting
The Company’s reportable segments are Engine Products and Industrial Products. The Company determines its operating segments consistent with the manner in which it manages its operations and evaluates performance for internal review and decision-making. Corporate and unallocated includes corporate expenses determined to be non-allocable to the segments, such as interest expense, restructuring charges and certain incentive compensation. In fiscal 2022, corporate and unallocated also included a charge of $3.4 million related to the Russia and Ukraine conflict.
The Engine Products segment is organized based on a combination of customers and products and consists of the Off-Road, On-Road, Aftermarket and Aerospace and Defense business units. Within these business units, Engine products consist of replacement filters for both air and liquid filtration applications as well as exhaust and emissions. Applications include air filtration systems, fuel and lube systems, hydraulic applications and exhaust and emissions systems and sensors, indicators and monitoring systems. Engine sells to OEMs in the construction, mining, agriculture, transportation, aerospace and defense end markets and to independent distributors, OEM dealer networks, private label accounts and large fleets.
The Industrial Products is organized based on product type and consists of the IFS, Gas Turbine Systems (GTS) and Special Applications business units. Within the IFS business unit, products consist of dust, fume and mist collectors, compressed air purification systems, gas and liquid filtration for food, beverage and industrial processes. The GTS business unit products consist of air filtration systems for gas turbines. Special applications products include polytetrafluoroethylene membrane-based products as well as specialized air and gas filtration systems for applications including hard disk drives and semi-conductor manufacturing and sensors, indicators and monitoring systems. Industrial sells to various dealers, distributors, OEMs and end users.
The Company has manufacturing facilities that serve both of its reportable segments. As such, asset and capital expenditure information by reportable segment has not been provided, since the Company does not produce or utilize such information internally. In addition, although depreciation and amortization expense is a component of each reportable segment’s operating results, it is not discretely identifiable.
The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations and sharing of assets. Therefore, the Company does not represent these segments, if operated independently, would report earnings before income taxes and other financial information as stated below.
Segment details were as follows (in millions):
Engine
Products Segment		Industrial
Products Segment		Corporate and
Unallocated		Total
Company
Year ended July 31, 2022
Net sales$2,302.7 $1,003.9 $— $3,306.6 
Equity earnings in unconsolidated affiliates$1.7 $— $— $1.7 
Earnings (loss) before income taxes$329.2 $162.5 $(53.3)$438.4 
Equity investments in unconsolidated affiliates$22.4 $— $— $22.4 
Year ended July 31, 2021
Net sales$1,957.7 $896.2 $— $2,853.9 
Equity earnings in unconsolidated affiliates$4.2 $— $— $4.2 
Earnings (loss) before income taxes$289.0 $133.3 $(41.3)$381.0 
Equity investments in unconsolidated affiliates$24.2 $— $— $24.2 
Year ended July 31, 2020
Net sales$1,727.5 $854.3 $— $2,581.8 
Equity earnings in unconsolidated affiliates$4.7 $0.5 $— $5.2 
Earnings (loss) before income taxes$229.3 $124.9 $(19.0)$335.2 
Equity investments in unconsolidated affiliates$21.7 $— $— $21.7 
Net sales by business unit were as follows (in millions):
Year Ended July 31,
202220212020
Engine Products segment
Off-Road$405.8 $328.1 $256.5 
On-Road136.1 138.8 124.4 
Aftermarket1,640.3 1,394.6 1,228.9 
Aerospace and Defense120.5 96.2 117.7 
Total Engine Products segment2,302.7 1,957.7 1,727.5 
Industrial Products segment
Industrial Filtration Solutions
711.2 621.9 581.2 
Gas Turbine Systems110.2 96.2 101.6 
Special Applications182.5 178.1 171.5 
Total Industrial Products segment1,003.9 896.2 854.3 
Total Company$3,306.6 $2,853.9 $2,581.8 
Net sales, generally disaggregated by location where the customer’s order was received, and property, plant and equipment, net by geographic region were as follows (in millions):
Net Sales Property, Plant and Equipment, Net
Year ended July 31, 2022
U.S. and Canada$1,336.8 $218.1 
EMEA963.6 184.3 
APAC669.0 59.5 
LATAM337.2 132.5 
Total$3,306.6 $594.4 
Year ended July 31, 2021
U.S. and Canada$1,084.2 $214.0 
EMEA865.7 220.4 
APAC649.2 60.4 
LATAM254.8 123.0 
Total$2,853.9 $617.8 
Year ended July 31, 2020
U.S. and Canada$1,059.9 $229.0 
EMEA760.2 229.4 
APAC553.2 59.8 
LATAM208.5 113.4 
Total$2,581.8 $631.6 
Concentrations
There were no customers that accounted for over 10% of net sales for the years ended July 31, 2022, 2021 or 2020. There were no customers that accounted for over 10% of gross accounts receivable as of July 31, 2022 or 2021.