Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Wise Financial Performance

The following tables provide segment financial information and a reconciliation of segment results to consolidated results:

	2020		2019		2018
Net sales to external customers:
Mobile Industries	$	1,671.6	$	1,893.9	$	1,903.7
Process Industries	1,841.6		1,896.0		1,677.1
	$	3,513.2	$	3,789.9	$	3,580.8
Segment EBITDA:
Mobile Industries	$	232.5	$	284.9	$	272.2
Process Industries	442.9		466.6		405.7
Total EBITDA, for reportable segments	$	675.4	$	751.5	$	677.9
Corporate EBITDA	(40.7)		(55.4)		(61.4)
Corporate pension and other postretirement benefit related    (expense) income (1)	(18.5)		4.1		(12.8)
Acquisition-related gain (2)	11.1		—		—
Depreciation and amortization	(167.1)		(160.6)		(146.0)
Interest expense, net	(63.9)		(67.2)		(49.6)
Income before income taxes	$	396.3	$	472.4	$	408.1

(1) Corporate pension and other postretirement benefit related (expense) income represents curtailments, professional fees associated with pension de-risking and actuarial (losses) and gains that resulted from the remeasurement of pension and other postretirement plan assets and obligations as a result of changes in assumptions.

(2) The acquisition-related gain represents a bargain purchase price gain on the acquisition of Aurora, acquired on November 30, 2020. See Note 2 - Acquisitions for additional information.

	2020		2019
Assets employed at year-end:
Mobile Industries	$	2,082.2	$	2,109.9
Process Industries	2,482.6		2,366.7
Corporate (2)	476.8		383.3
	$	5,041.6	$	4,859.9

(2) Corporate assets include corporate buildings and cash and cash equivalents.

Note 4 - Segment Information (continued)

	2020		2019		2018
Capital expenditures:
Mobile Industries	$	70.5	$	74.2	$	48.3
Process Industries	50.1		65.3		63.3
Corporate	1.0		1.1		1.0
	$	121.6	$	140.6	$	112.6
Depreciation and amortization:
Mobile Industries	$	79.7	$	73.6	$	73.5
Process Industries	86.6		86.2		71.9
Corporate	0.8		0.8		0.6
	$	167.1	$	160.6	$	146.0

Geographic Wise Financial Information

Geographic Financial Information:

	2020		2019
Property, Plant and Equipment, net:
United States	$	401.8	$	391.7
China	196.4		183.4
India	140.0		132.6
Romania	118.0		105.3
Rest of world	179.4		176.2
	$	1,035.6	$	989.2