Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table (in millions) sets forth summarized financial information by reportable business segment:

	Industrial		Aerospace		Other		Total Company
Sales
2019	$	938.5	$	552.6	$	—	$	1,491.1
2018	994.7		501.2		—		1,495.9
2017	973.9		462.6		—		1,436.5
Operating profit
2019	$	114.0	$	122.5	$	—	$	236.4
2018	130.4		101.4		—		231.8
2017	122.8		83.6		—		206.5
Assets
2019	$	1,879.3	$	704.3	$	154.8	$	2,738.3
2018	1,962.4		692.6		154.0		2,809.0
2017	1,505.4		667.1		193.3		2,365.7
Depreciation and amortization
2019	$	62.4	$	35.9	$	0.8	$	99.1
2018	57.6		35.9		0.8		94.2
2017	54.8		33.6		1.7		90.2
Capital expenditures
2019	$	25.3	$	26.0	$	2.0	$	53.3
2018	33.4		23.6		0.3		57.3
2017	31.0		27.5		0.2		58.7

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Notes:

One customer, General Electric, accounted for 21%, 18% and 18% of the Company’s total revenues in 2019, 2018 and 2017, respectively.

“Other” assets include corporate-controlled assets, the majority of which are cash and cash equivalents.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of the total reportable segments’ operating profit to income before income taxes follows (in millions):

	2019		2018		2017
Operating profit	$	236.4	$	231.8	$	206.5
Interest expense	20.6		16.8		14.6
Other expense (income), net	9.0		7.4		(3.8		)
Income before income taxes	$	206.8	$	207.5	$	195.7

Revenue from External Customers by Products and Services

The following table (in millions) summarizes total net sales of the Company by products and services:

	2019		2018		2017
Engineered Components Products	$	254.6	$	285.9	$	292.2
Molding Solutions Products	442.6		503.8		487.3
Force & Motion Control Products	186.7		196.2		194.4
Automation Products	54.6		8.8		—
Aerospace Original Equipment Manufacturer Products	367.5		337.0		323.4
Aerospace Aftermarket Products and Services	185.1		164.2		139.2
Total net sales	$	1,491.1	$	1,495.9	$	1,436.5

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table (in millions) summarizes total net sales and long-lived assets of the Company by geographic area: 

	Domestic		International		Other			Total Company
Sales
2019	$	630.0	$	949.4	$	(88.4	)	$	1,491.1
2018	624.3		958.7		(87.1		)	1,495.9
2017	638.6		868.3		(70.4		)	1,436.5
Long-lived assets
2019	$	372.2	$	1,580.5	$	—		$	1,952.7
2018	366.1		1,616.2		—			1,982.4
2017	366.7		1,218.1		—			1,584.8

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Notes:

Germany, with sales of $302.0 million, $331.4 million and $301.7 million in 2019, 2018 and 2017, respectively, and Singapore, with sales of $225.7 million and $193.6 million in 2019 and 2018, respectively, represent the only international countries with revenues in excess of 10% of the Company's total revenues in those years.

“Other” revenues represent the elimination of inter-company sales between geographic locations, of which approximately 68%, 72% and 78% were sales from international locations to domestic locations in 2019, 2018 and 2017, respectively.

Germany, with long-lived assets of $480.3 million, $494.0 million and $514.0 million as of December 31, 2019, 2018 and 2017, respectively, Singapore, with long-lived assets of $226.5 million, $233.3 million and $237.6 million as of December 31, 2019, 2018 and 2017, respectively, Italy, with long-lived assets of $402.1 million and $412.0 million as of December 31, 2019 and 2018, respectively, and Switzerland, with long-lived assets of $160.0 million as of December 31, 2017, represent the international countries with long-lived assets that exceeded 10% of the Company's total long-lived assets in those years.