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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Financial Information by Reportable Segment | Financial information by reportable segment is as follows:
| Three months ended |  | Nine months ended
In millions | September 30, 2023 | September 30, 2022 |  | September 30, 2023 | September 30, 2022
Net sales |  |  |  |  |
Enclosures | $ | 412.7 |  | $ | 387.7 |  |  | $ | 1,203.7 |  | $ | 1,127.9 |
Electrical & Fastening Solutions | 302.3 |  | 209.2 |  |  | 774.7 |  | 597.7 |
Thermal Management | 143.8 |  | 148.3 |  |  | 424.0 |  | 441.8 |
Total | $ | 858.8 |  | $ | 745.2 |  |  | $ | 2,402.4 |  | $ | 2,167.4 |
Segment income (loss) |  |  |  |  |
Enclosures | $ | 89.4 |  | $ | 71.9 |  |  | $ | 261.9 |  | $ | 183.7 |
Electrical & Fastening Solutions | 97.6 |  | 60.8 |  |  | 245.4 |  | 166.7 |
Thermal Management | 34.8 |  | 35.9 |  |  | 94.3 |  | 96.6 |
Other | (19.8) |  | (24.6) |  |  | (70.3) |  | (67.6) |
Total | $ | 202.0 |  | $ | 144.0 |  |  | $ | 531.3 |  | $ | 379.4 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table presents a reconciliation of segment income to income before income taxes:
| Three months ended |  | Nine months ended
In millions | September 30, 2023 | September 30, 2022 |  | September 30, 2023 | September 30, 2022
Segment income | $ | 202.0 |  | $ | 144.0 |  |  | $ | 531.3 |  | $ | 379.4 |
Intangible amortization | (25.6) |  | (17.6) |  |  | (64.5) |  | (53.1) |
Restructuring and other | (5.4) |  | (5.9) |  |  | (11.9) |  | (10.2) |
Acquisition transaction and integration costs | (3.0) |  | — |  |  | (10.2) |  | (0.8) |
Inventory step-up amortization | (11.8) |  | — |  |  | (17.7) |  | — |
Net interest expense | (25.5) |  | (8.1) |  |  | (55.0) |  | (22.8) |
Gain on sale of investment | — |  | — |  |  | 10.2 |  | — |
Other expense | (1.4) |  | (0.5) |  |  | (3.7) |  | (2.3) |
Income before income taxes | $ | 129.3 |  | $ | 111.9 |  |  | $ | 378.5 |  | $ | 290.2 |

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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