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Segment and Related Information (Tables)
9 Months Ended
Oct. 01, 2023
Segment and Related Information [Abstract]  
Segment Information

The Company has two reportable segments: Consumer & Specialties and Engineered Solutions. See Note 1 to the Condensed Consolidated Financial Statements. Segment information for the three and nine-month periods ended October 1, 2023 and October 2, 2022 is as follows:

 
Three Months Ended
   
Nine Months Ended
 
(in millions of dollars)
 
Oct. 1,
2023
   
Oct. 2,
2022
   
Oct. 1,
2023
   
Oct. 2,
2022
 
                         
Net Sales
                       
Consumer & Specialties
 
$
291.2
   
$
284.7
   
$
878.8
   
$
851.4
 
Engineered Solutions
   
256.6
     
257.2
     
766.6
     
766.5
 
Total
 
$
547.8
   
$
541.9
   
$
1,645.4
   
$
1,617.9
 
                                 
Income (loss) from Operations
                               
Consumer & Specialties
 
$
(46.6
)
 
$
(0.3
)
 
$
5.0
   
$
62.6
 
Engineered Solutions
   
40.6
     
36.4
     
111.1
     
115.4
 
Total
 
$
(6.0
)
 
$
36.1
   
$
116.1
   
$
178.0
 
Reconciliation of Income (Loss) from Operations

A reconciliation of the totals reported for the operating segments to the applicable line items in the condensed consolidated financial statements is as follows:

 
Three Months Ended
   
Nine Months Ended
 
(in millions of dollars)
 
Oct. 1,
2023
   
Oct. 2,
2022
   
Oct. 1,
2023
   
Oct. 2,
2022
 
                         
Income (loss) from operations for reportable segments
 
$
(6.0
)
 
$
36.1
   
$
116.1
   
$
178.0
 
Restructuring and other items, net
   
     
     
(2.8
)
   
 
Acquisition-related expenses
   
     
(0.5
)
   
(0.3
)
   
(4.7
)
Litigation expenses
   
     
     
     
(1.5
)
Unallocated and other corporate expenses
   
(1.9
)
   
     
(8.0
)
   
(0.6
)
Consolidated income (loss) from operations
   
(7.9
)
   
35.6
     
105.0
     
171.2
 
Non-operating deductions, net
   
(14.7
)
   
(18.5
)
   
(45.9
)
   
(41.8
)
Income (loss) before tax and equity in earnings
 
$
(22.6
)
 
$
17.1
   
$
59.1
   
$
129.4
 
Sales by Product Category

The Company’s sales by product category are as follows:

 
Three Months Ended
   
Nine Months Ended
 
(in millions of dollars)
 
Oct. 1,
2023
   
Oct. 2,
2022
   
Oct. 1,
2023
   
Oct. 2,
2022
 
                         
Household & Personal Care
 
$
128.9
   
$
118.7
   
$
383.6
   
$
358.0
 
Specialty Additives
   
162.3
     
166.0
     
495.2
     
493.4
 
High-Temperature Technologies
   
177.4
     
176.1
     
538.6
     
532.7
 
Environmental & Infrastructure
   
79.2
     
81.1
     
228.0
     
233.8
 
Total
 
$
547.8
   
$
541.9
   
$
1,645.4
   
$
1,617.9