Revenue

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenue

RevenueWe disaggregate our revenue by product line and geographic region of our customer, as we believe these metrics best depict how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors. See details in the tables below.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In millions)
PRODUCT LINE
Supply Technologies	$	134.5	$	112.1	$	406.2	$	320.1
Engineered specialty fasteners and other products	19.5		19.9		60.5		47.1
Supply Technologies Segment	154.0		132.0		466.7		367.2
Fuel, rubber and plastic products	80.8		86.8		238.2		211.3
Aluminum products	39.4		40.1		117.5		98.7
Assembly Components Segment	120.2		126.9		355.7		310.0
Industrial equipment	62.0		56.2		179.9		175.7
Forged and machined products	22.3		25.1		65.8		81.9
Engineered Products Segment	84.3		81.3		245.7		257.6
Total revenues	$	358.5	$	340.2	$	1,068.1	$	934.8

	Supply Technologies Segment		Assembly Components Segment		Engineered Products Segment		Total Revenues
	(In millions)
Three Months Ended September 30, 2021
GEOGRAPHIC REGION
United States	$	92.5	$	77.9	$	46.4	$	216.8
Europe	27.9		3.4		14.8		46.1
Asia	14.7		6.6		12.0		33.3
Mexico	15.6		17.8		5.0		38.4
Canada	2.9		14.1		3.5		20.5
Other	0.4		0.4		2.6		3.4
Total	$	154.0	$	120.2	$	84.3	$	358.5
Three Months Ended September 30, 2020
GEOGRAPHIC REGION
United States	$	77.0	$	86.1	$	43.0	$	206.1
Europe	21.6		3.8		16.1		41.5
Asia	10.3		9.1		12.6		32.0
Mexico	20.5		10.0		2.0		32.5
Canada	2.5		17.4		6.0		25.9
Other	0.1		0.5		1.6		2.2
Total	$	132.0	$	126.9	$	81.3	$	340.2

	Supply Technologies Segment		Assembly Components Segment		Engineered Products Segment		Total Revenues
	(In millions)
Nine Months Ended September 30, 2021
GEOGRAPHIC REGION
United States	$	281.4	$	241.8	$	126.7	$	649.9
Europe	84.7		10.7		46.3		141.7
Asia	42.4		19.0		38.5		99.9
Mexico	48.2		38.6		13.4		100.2
Canada	8.6		44.3		12.5		65.4
Other	1.4		1.3		8.3		11.0
Total	$	466.7	$	355.7	$	245.7	$	1,068.1
Nine Months Ended September 30, 2020
GEOGRAPHIC REGION
United States	$	228.3	$	212.9	$	141.7	$	582.9
Europe	59.3		10.2		42.4		111.9
Asia	31.5		19.8		46.1		97.4
Mexico	40.0		23.8		5.5		69.3
Canada	7.0		42.3		15.1		64.4
Other	1.1		1.0		6.8		8.9
Total	$	367.2	$	310.0	$	257.6	$	934.8

For over time arrangements, contract liabilities primarily relate to advances or deposits received from the Company’s customers before revenue is recognized. These amounts, which totaled $38.6 million and $37.4 million at September 30, 2021 and December 31, 2020, respectively, are recorded in Accrued expenses and other in the Condensed Consolidated Balance Sheets.

For over time arrangements, contract assets primarily relate to revenue recognized in advance of billings to customers under long-term contracts accounted for under percentage of completion. These amounts, which totaled $50.0 million and $56.9 million at September 30, 2021 and December 31, 2020, respectively, are recorded in Prepaid and other current assets in the Condensed Consolidated Balance Sheets.