Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Financial Information by Reportable Segment

Financial information by reportable segment is as follows:

	Three months ended				Nine months ended
In millions	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Net sales
Consumer Solutions	$	665.3	$	613.6	$	1,992.7	$	1,711.9
Industrial & Flow Technologies	389.5		355.1		1,125.0		1,063.1
Other	0.3		0.5		1.2		1.2
Consolidated	$	1,055.1	$	969.2	$	3,118.9	$	2,776.2
Segment income (loss)
Consumer Solutions	$	158.6	$	144.2	$	466.3	$	418.6
Industrial & Flow Technologies	65.7		52.4		177.0		159.5
Other	(17.4)		(16.9)		(58.4)		(59.1)
Consolidated	$	206.9	$	179.7	$	584.9	$	519.0

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents a reconciliation of consolidated segment income to consolidated income from continuing operations before income taxes:

	Three months ended				Nine months ended
In millions	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Segment income	$	206.9	$	179.7	$	584.9	$	519.0
Deal-related costs and expenses	(13.4)		(2.1)		(21.4)		(3.8)
Inventory step-up	(5.8)		—		(5.8)		—
Restructuring and other	(12.5)		(0.2)		(15.7)		(5.9)
Transformation costs	(10.1)		(4.0)		(20.8)		(5.9)
Intangible amortization	(18.5)		(6.0)		(31.4)		(19.4)
Gain on sale of businesses	0.2		1.4		0.2		1.4
Russia business exit impact	0.8		—		(5.1)		—
Legal accrual adjustments and settlements	—		—		0.2		2.4
Net interest expense	(19.3)		(2.6)		(34.2)		(11.5)
Other expense	(0.6)		(0.4)		(1.7)		(1.2)
Income from continuing operations before income taxes	$	127.7	$	165.8	$	449.2	$	475.1