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Segment and Related Information (Tables)
 3 Months Ended
Mar. 30, 2025
Segment and Related Information [Abstract]  
Segment Information

Segment revenues, expenses, operating income and a reconciliation of the operating segment totals to the applicable line items on the condensed consolidated financial statements is as follows for the three-month periods ended March 30, 2025 and March 31, 2024:

 
Three Months Ended
 
Mar. 30, 2025
  
Mar. 31, 2024
(millions of dollars)
Consumer &
Specialties
  
Engineered
Solutions
  
Total
  
Consumer &
Specialties
  
Engineered
Solutions
  
Total
                                   
Net Sales
$
268.3
  
$
223.5
  
$
491.8
  
$
296.9
  
$
237.6
  
$
534.5
Cost of goods sold
  
215.8
    
156.4
    
372.2
    
233.3
    
165.3
    
398.6
Segment production margin
  
52.5
    
67.1
    
119.6
    
63.6
    
72.3
    
135.9
                                   
Marketing and administrative expenses
  
19.1
    
30.3
    
49.4
    
18.6
    
31.2
    
49.8
Research and development expenses
  
3.4
    
2.4
    
5.8
    
3.0
    
2.6
    
5.6
Restructuring and other items, net
  
2.5
    
0.8
    
3.3
    
—
    
—
    
—
Segment income from operations
$
27.5
  
$
33.6
  
$
61.1
  
$
42.0
  
$
38.5
  
$
80.5

Segment information is as follows for the three-month periods ended March 30, 2025 and March 31, 2024:

 
Three Months Ended
  
(in millions of dollars)
  
Mar. 30,
2025
    
Mar. 31,
2024
  
Depreciation, Depletion and Amortization
            
Consumer & Specialties
  
$
10.8
    
$
11.4
  
Engineered Solutions
    
12.7
      
12.1
  
Total
  
$
23.5
    
$
23.5
  
                 
                 
Capital Expenditures
                
Consumer & Specialties
  
$
11.5
    
$
6.5
  
Engineered Solutions
    
5.8
      
9.1
  
Corporate
    
1.0
      
0.9
  
   Total
  
$
18.3
    
$
16.5
  
Reconciliation of Segment Income to Consolidated
 
Three Months Ended
  
(millions of dollars)
  
Mar. 30,
2025
    
Mar. 31,
2024
  
Segment income from operations
  
$
61.1
    
$
80.5
  
Interest expense, net
    
(14.2
)
    
(14.9
)
Other non-operating deductions, net
    
(2.0
)
    
(0.2
)
Unallocated expenses:
                
  Provision for litigation reserve
    
215.0
      
—
  
  Restructuring and other items, net
    
2.2
      
—
  
  Litigation expenses
    
2.8
      
2.1
  
  Unallocated corporate expenses
    
1.2
      
3.2
  
    Income (loss) before taxes and equity in earnings
  
$
(176.3
)
  
$
60.1
  
Reconciliation of Segment Assets to Consolidated

The Company's segment assets as of March 30, 2025 and December 31, 2024 are as follows:

(in millions of dollars)
  
Mar. 30,
    
Dec. 31,
Segment Assets
  
2025
    
2024
Consumer & Specialties
$
1,297.1
  
$
1,289.4
Engineered Solutions
  
2,035.9
    
2,028.0
Corporate
  
68.2
    
76.5
   Total
$
3,401.2
  
$
3,393.9
Sales by Product Category

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

 
Three Months Ended
  
(in millions of dollars)
  
Mar. 30,
2025
    
Mar. 31,
2024
  
Household & Personal Care
  
$
123.1
    
$
138.4
  
Specialty Additives
    
145.2
      
158.5
  
High-Temperature Technologies
    
169.4
      
177.3
  
Environmental & Infrastructure
    
54.1
      
60.3
  
Total
  
$
491.8
    
$
534.5