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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Information | The following table presents information about our reportable segments, reconciled to consolidated totals:
| Three Months Ended June 30, |  | Six Months Ended June 30,
($ in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Net sales: |  |  |  |  |  |  |
Proprietary Products | $ | 653.7 |  |  | $ | 587.3 |  |  | $ | 1,255.0 |  |  | $ | 1,131.0 |
Contract-Manufactured Products | 117.8 |  |  | 136.4 |  |  | 236.5 |  |  | 263.5 |
Intersegment sales elimination | (0.2) |  |  | (0.1) |  |  | (0.2) |  |  | (0.2) |
Consolidated net sales | $ | 771.3 |  |  | $ | 723.6 |  |  | $ | 1,491.3 |  |  | $ | 1,394.3 |
The intersegment sales elimination, which is required for the presentation of consolidated net sales, represents the elimination of components sold between our segments. The following table provides summarized financial information for our segments:
| Three Months Ended June 30, |  | Six Months Ended June 30,
($ in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Operating profit (loss): |  |  |  |  |  |  |
Proprietary Products | $ | 233.9 |  |  | $ | 216.2 |  |  | $ | 427.3 |  |  | $ | 398.8 |
Contract-Manufactured Products | 14.2 |  |  | 18.7 |  |  | 33.3 |  |  | 35.1 |
Total business segment operating profit | $ | 248.1 |  |  | $ | 234.9 |  |  | $ | 460.6 |  |  | $ | 433.9 |
Corporate and Unallocated |  |  |  |  |  |  |
Stock-based compensation expense | $ | (5.5) |  |  | $ | (10.3) |  |  | $ | (11.0) |  |  | $ | (16.2) |
Corporate general costs (1) | (15.6) |  |  | (13.4) |  |  | (32.7) |  |  | (27.3) |
Unallocated Items: |  |  |  |  |  |  |
Restructuring and severance related charges | 1.6 |  |  | (1.0) |  |  | 1.6 |  |  | (2.2) |
Amortization of acquisition-related intangible assets (2) | (0.2) |  |  | (0.2) |  |  | (0.4) |  |  | (0.4) |
Cost investment activity | — |  |  | 1.3 |  |  | — |  |  | (0.9) |
Total Corporate and Unallocated | (19.7) |  |  | (23.6) |  |  | (42.5) |  |  | (47.0) |
Total consolidated operating profit | $ | 228.4 |  |  | $ | 211.3 |  |  | $ | 418.1 |  |  | $ | 386.9 |
Interest expense (income) and other nonoperating expense (income), net | 1.2 |  |  | 0.3 |  |  | 3.1 |  |  | 1.0 |
Income before income taxes | $ | 227.2 |  |  | $ | 211.0 |  |  | $ | 415.0 |  |  | $ | 385.9 |
(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 and six months ended June 30, 2022, the Company recorded $0.2 million and $0.4 million, respectively, of amortization expense within operating profit associated with an intangible asset acquired during the second quarter of 2020. During the three and six months ended June 30, 2021, the Company recorded $0.2 million and $0.4 million, respectively, 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 the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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