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Segment and Related Information
 6 Months Ended
Jun. 30, 2024
Segment and Related Information [Abstract]  
Segment and Related Information
Note 14.  Segment and Related 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 six-month periods ended June 30, 2024 and July 2, 2023 is as follows:

 
Three Months Ended
    
Six Months Ended
  
(in millions of dollars)
  
Jun. 30,
2024
    
Jul. 2,
2023
    
Jun. 30,
2024
    
Jul. 2,
2023
  
                         
Net Sales
                        
Consumer & Specialties
  
$
284.3
    
$
290.3
    
$
581.2
    
$
587.6
  
Engineered Solutions
    
256.9
      
261.2
      
494.5
      
510.0
  
Total
  
$
541.2
    
$
551.5
    
$
1,075.7
    
$
1,097.6
  
                                 
Income from Operations
                                
Consumer & Specialties
  
$
43.9
    
$
19.4
    
$
85.9
    
$
51.6
  
Engineered Solutions
    
44.7
      
35.2
      
83.2
      
70.5
  
Total
  
$
88.6
    
$
54.6
    
$
169.1
    
$
122.1
  


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
    
Six Months Ended
  
(in millions of dollars)
  
Jun. 30,
2024
    
Jul. 2,
2023
    
Jun. 30,
2024
    
Jul. 2,
2023
  
                         
Income from operations for reportable segments
  
$
88.6
    
$
54.6
    
$
169.1
    
$
122.1
  
Provision for credit losses
    
(30.0
)
    
—
      
(30.0
)
    
—
  
Restructuring and other items, net
    
—
      
(2.8
)
    
—
      
(2.8
)
Acquisition-related expenses
    
—
      
(0.2
)
    
—
      
(0.3
)
Litigation expenses
    
(4.2
)
    
—
      
(6.3
)
    
—
  
Unallocated and other corporate expenses
    
(3.8
)
    
(1.7
)
    
(7.0
)
    
(6.1
)
Consolidated income from operations
    
50.6
      
49.9
      
125.8
      
112.9
  
Non-operating deductions, net
    
(16.0
)
    
(15.9
)
    
(31.1
)
    
(31.2
)
Income before tax and equity in earnings
  
$
34.6
    
$
34.0
    
$
94.7
    
$
81.7
  


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

 
Three Months Ended
    
Six Months Ended
  
(in millions of dollars)
  
Jun. 30,
2024
    
Jul. 2,
2023
    
Jun. 30,
2024
    
Jul. 2,
2023
  
                         
Household & Personal Care
  
$
126.8
    
$
125.5
    
$
265.2
    
$
254.7
  
Specialty Additives
    
157.5
      
164.8
      
316.0
      
332.9
  
High-Temperature Technologies
    
184.7
      
182.6
      
362.0
      
361.2
  
Environmental & Infrastructure
    
72.2
      
78.6
      
132.5
      
148.8
  
Total
  
$
541.2
    
$
551.5
    
$
1,075.7
    
$
1,097.6