Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

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:

	2022		2021		2020
Net sales to external customers:
Mobile Industries	$	2,106.5	$	1,965.7	$	1,671.6
Process Industries	2,390.2		2,167.2		1,841.6
	$	4,496.7	$	4,132.9	$	3,513.2
Segment EBITDA:
Mobile Industries	$	217.1	$	240.1	$	232.5
Process Industries	621.5		506.3		442.9
Total EBITDA, for reportable segments	$	838.6	$	746.4	$	675.4
Unallocated corporate expense	(50.0)		(46.1)		(40.7)
Corporate pension and other postretirement benefit related expense (1)	(2.9)		(0.3)		(18.5)
Acquisition-related gain (2)	—		0.9		11.1
Depreciation and amortization	(164.0)		(167.8)		(167.1)
Interest expense	(74.6)		(58.8)		(67.6)
Interest income	3.8		2.3		3.7
Income before income taxes	$	550.9	$	476.6	$	396.3

(1) Corporate pension and other postretirement benefit related expense represents curtailments, professional fees associated with pension de-risking and actuarial losses 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 and Divestitures for additional information.

	2022		2021
Assets employed at year-end:
Mobile Industries	$	2,371.6	$	2,216.4
Process Industries	2,963.4		2,548.3
Corporate (2)	437.4		406.0
	$	5,772.4	$	5,170.7

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

	2022		2021		2020
Capital expenditures:
Mobile Industries	$	71.2	$	52.3	$	70.5
Process Industries	105.8		95.4		50.1
Corporate	1.4		0.6		1.0
	$	178.4	$	148.3	$	121.6
Depreciation and amortization:
Mobile Industries	$	75.2	$	80.1	$	79.7
Process Industries	87.6		86.6		86.6
Corporate	1.2		1.1		0.8
	$	164.0	$	167.8	$	167.1

Schedule of Geographic Wise Financial Information

Geographic Financial Information:

	2022		2021
Property, Plant and Equipment, net:
United States	$	418.3	$	398.2
China	272.5		235.3
India	130.6		142.9
Romania	101.8		112.1
Rest of world	284.2		166.8
	$	1,207.4	$	1,055.3