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Segment and Related Information (Tables)
 9 Months Ended
Sep. 29, 2024
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 September 29, 2024 and October 1, 2023 is as follows:

 
Three Months Ended
    
Nine Months Ended
  
(in millions of dollars)
  
Sep. 29,
2024
    
Oct. 1,
2023
    
Sep. 29,
2024
    
Oct. 1,
2023
  
Net Sales
                        
Consumer & Specialties
  
$
280.3
    
$
291.2
    
$
861.5
    
$
878.8
  
Engineered Solutions
    
244.4
      
256.6
      
738.9
      
766.6
  
Total
  
$
524.7
    
$
547.8
    
$
1,600.4
    
$
1,645.4
  
                                 
Income (loss) from Operations
                                
Consumer & Specialties
  
$
41.7
    
$
(46.6
)
  
$
127.6
    
$
5.0
  
Engineered Solutions
    
38.8
      
40.6
      
122.0
      
111.1
  
Total
  
$
80.5
    
$
(6.0
)
  
$
249.6
    
$
116.1
  
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)
  
Sep. 29,
2024
    
Oct. 1,
2023
    
Sep. 29,
2024
    
Oct. 1,
2023
  
                         
Income (loss) from operations for reportable segments
  
$
80.5
    
$
(6.0
)
  
$
249.6
    
$
116.1
  
Provision for credit losses
    
—
      
—
      
(30.0
)
    
—
  
Restructuring and other items, net
    
—
      
—
      
—
      
(2.8
)
Acquisition-related expenses
    
—
      
—
      
—
      
(0.3
)
Litigation expenses
    
(2.6
)
    
—
      
(8.9
)
    
—
  
Unallocated and other corporate expenses
    
(1.3
)
    
(1.9
)
    
(8.3
)
    
(8.0
)
Consolidated income (loss) from operations
    
76.6
      
(7.9
)
    
202.4
      
105.0
  
Non-operating deductions, net
    
(17.1
)
    
(14.7
)
    
(48.2
)
    
(45.9
)
Income (loss) before tax and equity in earnings
  
$
59.5
    
$
(22.6
)
  
$
154.2
    
$
59.1
  
Sales by Product Category

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

 
Three Months Ended
    
Nine Months Ended
  
(in millions of dollars)
  
Sep. 29,
2024
    
Oct. 1,
2023
    
Sep. 29,
2024
    
Oct. 1,
2023
  
                         
Household & Personal Care
  
$
130.9
    
$
128.9
    
$
396.1
    
$
383.6
  
Specialty Additives
    
149.4
      
162.3
      
465.4
      
495.2
  
High-Temperature Technologies
    
174.8
      
177.4
      
536.8
      
538.6
  
Environmental & Infrastructure
    
69.6
      
79.2
      
202.1
      
228.0
  
Total
  
$
524.7
    
$
547.8
    
$
1,600.4
    
$
1,645.4