Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Wise Financial Performance

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

	2021		2020		2019
Net sales to external customers:
Mobile Industries	$	1,965.7	$	1,671.6	$	1,893.9
Process Industries	2,167.2		1,841.6		1,896.0
	$	4,132.9	$	3,513.2	$	3,789.9
Segment EBITDA:
Mobile Industries	$	240.1	$	232.5	$	284.9
Process Industries	506.3		442.9		466.6
Total EBITDA, for reportable segments	$	746.4	$	675.4	$	751.5
Unallocated corporate expense	(46.1)		(40.7)		(55.4)
Corporate pension and other postretirement benefit related (expense)    income (1)	(0.3)		(18.5)		4.1
Acquisition-related gain (2)	0.9		11.1		—
Depreciation and amortization	(167.8)		(167.1)		(160.6)
Interest expense	(58.8)		(67.6)		(72.1)
Interest income	2.3		3.7		4.9
Income before income taxes	$	476.6	$	396.3	$	472.4

(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.

	2021		2020
Assets employed at year-end:
Mobile Industries	$	2,216.4	$	2,082.2
Process Industries	2,548.3		2,482.6
Corporate (2)	406.0		476.8
	$	5,170.7	$	5,041.6

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

Note 4 - Segment Information (continued)

	2021		2020		2019
Capital expenditures:
Mobile Industries	$	52.3	$	70.5	$	74.2
Process Industries	95.4		50.1		65.3
Corporate	0.6		1.0		1.1
	$	148.3	$	121.6	$	140.6
Depreciation and amortization:
Mobile Industries	$	80.1	$	79.7	$	73.6
Process Industries	86.6		86.6		86.2
Corporate	1.1		0.8		0.8
	$	167.8	$	167.1	$	160.6

Schedule of Geographic Wise Financial Information

Geographic Financial Information:

	2021		2020
Property, Plant and Equipment, net:
United States	$	398.2	$	401.8
China	235.3		196.4
India	142.9		140.0
Romania	112.1		118.0
Rest of world	166.8		179.4
	$	1,055.3	$	1,035.6