Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment and Related Information [Abstract]

Segment Information

Segment information for the years ended December 31, 2023, 2022 and 2021 was as follows:

	Year Ended December 31,
(millions of dollars)	2023		2022		2021
Net Sales
Consumer & Specialties	$	1,160.2	$	1,124.6	$	962.6
Engineered Solutions		1,009.7		1,000.9		895.7
Total		2,169.9		2,125.5		1,858.3
Income from Operations
Consumer & Specialties		41.6		79.0		119.5
Engineered Solutions		147.8		147.1		127.7
Total		189.4		226.1		247.2
Depreciation, Depletion and Amortization
Consumer & Specialties		47.2		48.0		45.1
Engineered Solutions		47.7		46.2		49.5
Total		94.9		94.2		94.6
Segment Assets
Consumer & Specialties		1,244.8		1,107.5		1,062.8
Engineered Solutions		2,028.5		2,187.5		2,229.4
Total		3,273.3		3,295.0		3,292.2
Capital Expenditures
Consumer & Specialties		56.8		44.3		55.7
Engineered Solutions		31.2		34.0		26.6
Total		88.0		78.3		82.3

Reconciliation of Significant Items from Segments to Consolidated Totals

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

	Year Ended December 31,
(millions of dollars)	2023			2022			2021
Income from Operations before Provision for Taxes on Income
Income from operations for reportable segments	$	189.4		$	226.1		$	247.2
Restructuring and other items, net		(2.8	)		—			—
Acquisition-related expenses		(0.3	)		(5.1	)		(4.0	)
Litigation expenses		(2.4	)		(1.5	)		—
Unallocated corporate expenses		(14.9	)		(4.7	)		(7.5	)
Consolidated income from operations	$	171.8		$	214.8		$	235.7
Non-operating deductions, net		(64.1	)		(58.1	)		(33.4	)
Income before tax and equity in earnings	$	107.7		$	156.7		$	202.3
Total Assets
Total segment assets		3,273.3			3,295.0			3,292.2
Corporate assets		73.3			106.6			82.0
Consolidated total assets	$	3,346.6		$	3,401.6		$	3,374.2
Capital Expenditures
Total segment capital expenditures		88.0			78.3			82.3
Corporate capital expenditures		5.5			4.0			3.7
Consolidated capital expenditures	$	93.5		$	82.3		$	86.0

Financial Information Related to Operations by Geographic Area

Financial information relating to the Company’s operations by geographic area was as follows:

	Year Ended December 31,
(millions of dollars)	2023		2022		2021
Net Sales
United States	$	1,144.0	$	1,135.6	$	959.6
Canada/Latin America		150.2		148.3		99.8
Europe/Africa		525.5		496.8		441.9
Asia		350.2		344.8		357.0
Total International	$	1,025.9	$	989.9	$	898.7
Consolidated net sales	$	2,169.9	$	2,125.5	$	1,858.3
Long-Lived Assets
United States	$	1,842.0	$	1,915.8	$	1,925.9
Canada/Latin America		17.7		16.4		10.6
Europe/Africa		157.0		162.8		151.1
Asia		114.7		112.1		120.6
Total International	$	289.4	$	291.3	$	282.3
Consolidated long-lived assets	$	2,131.4	$	2,207.1	$	2,208.2

Sales by Product Category

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

	Year Ended December 31,
(millions of dollars)	2023		2022		2021
Household & Personal Care	$	517.6	$	476.2	$	383.7
Specialty Additives		642.6		648.4		578.9
High-Temperature Technologies		720.9		702.5		642.7
Environmental & Infrastructure		288.8		298.4		253.0
Total	$	2,169.9	$	2,125.5	$	1,858.3