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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of Sales by Significant Product Group | The following table presents information about our reportable segments, reconciled to consolidated totals:
|  | Three Months Ended March 31,
( $ in millions) |  | 2022 |  | 2021
Net sales: |  |  |  |
Proprietary Products |  | $ | 601.3 |  |  | $ | 543.7 |
Contract-Manufactured Products |  | 118.7 |  |  | 127.1 |
Intersegment sales elimination |  | — |  |  | (0.1) |
Consolidated net sales |  | $ | 720.0 |  |  | $ | 670.7 |
Schedule of Segment Reporting Information, by Segment | The following table provides summarized financial information for our segments:
| Three Months Ended March 31, |  |
($ in millions) | 2022 |  | 2021 |  |  |  |
Proprietary Products | $ | 193.4 |  |  | $ | 182.6 |  |  |  |  |
Contract-Manufactured Products | 19.1 |  |  | 16.4 |  |  |  |  |
Total business segment operating profit | $ | 212.5 |  |  | $ | 199.0 |  |  |  |  |
Corporate and Unallocated |  |  |  |  |  |  |
Stock-based compensation expense | $ | (5.5) |  |  | $ | (5.9) |  |  |  |  |
Corporate general costs(1) | (17.1) |  |  | (13.9) |  |  |  |  |
Unallocated Items: |  |  |  |  |  |  |
Restructuring and related charges | — |  |  | (1.2) |  |  |  |  |
Amortization of acquisition-related intangible assets(2) | (0.2) |  |  | (0.2) |  |  |  |  |
Cost investment impairment | — |  |  | (2.2) |  |  |  |  |
Total Corporate and Unallocated | (22.8) |  |  | (23.4) |  |  |  |  |
Total consolidated operating profit | $ | 189.7 |  |  | $ | 175.6 |  |  |  |  |
Other expense, net | 1.9 |  |  | 0.7 |  |  |  |  |
Income before income taxes | $ | 187.8 |  |  | $ | 174.9 |  |  |  |  |
(1) Corporate general costs includes executive and director compensation, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments. (2) During the three months ended March 31, 2022 and 2021, we recorded $0.2 million of amortization expense within operating profit associated with an intangible asset acquired during the second quarter of 2020.

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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