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Segment Information (Tables)

9 Months Ended

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

X

- 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.

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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.

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