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v3.22.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Revenue by Reporting Segments | The following table presents our revenue, operating income, and operating margin for each segment.
| Revenue |  | Operating Income |  | Operating Margin
For the Year Ended December 31 | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020
Motion Technologies | $ | 1,374.0 |  |  | $ | 1,368.6 |  |  | $ | 1,121.1 |  |  | $ | 208.5 |  |  | $ | 258.2 |  |  | $ | 184.0 |  |  | 15.2 | % |  | 18.9 | % |  | 16.4 | %
Industrial Process | 971.0 |  |  | 843.2 |  |  | 843.0 |  |  | 187.6 |  |  | 126.8 |  |  | 77.6 |  |  | 19.3 | % |  | 15.0 | % |  | 9.2 | %
Connect & Control Technologies | 645.6 |  |  | 554.7 |  |  | 516.5 |  |  | 115.8 |  |  | 81.7 |  |  | 57.0 |  |  | 17.9 | % |  | 14.7 | % |  | 11.0 | %
Eliminations | (2.9) |  |  | (1.5) |  |  | (2.8) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |
Total segment results | 2,987.7 |  |  | 2,765.0 |  |  | 2,477.8 |  |  | 511.9 |  |  | 466.7 |  |  | 318.6 |  |  | 17.1 | % |  | 16.9 | % |  | 12.9 | %
Asbestos-related benefit (costs), net(a) | — |  |  | — |  |  | — |  |  | — |  |  | 74.4 |  |  | (66.3) |  |  | — |  |  | — |  |  | — |
Other corporate costs | — |  |  | — |  |  | — |  |  | (43.9) |  |  | (36.8) |  |  | (25.8) |  |  | — |  |  | — |  |  | — |
Total Corporate and other (costs) benefit | — |  |  | — |  |  | — |  |  | (43.9) |  |  | 37.6 |  |  | (92.1) |  |  | — |  |  | — |  |  | — |
Total | $ | 2,987.7 |  |  | $ | 2,765.0 |  |  | $ | 2,477.8 |  |  | $ | 468.0 |  |  | $ | 504.3 |  |  | $ | 226.5 |  |  | 15.7 | % |  | 18.2 | % |  | 9.1 | %
(a)The 2021 period includes a pre-tax gain of $88.8 resulting from the InTelCo Management LLC (InTelCo) divestiture transaction. The 2020 period includes the impact of extending the net asbestos measurement over the full time period we expected claims to be filed against InTelCo. See Note 20, Commitments and Contingencies, for further information.
Schedule of Segment Reporting Information | The following table presents our assets as of December 31, 2022 and 2021, as well as our capital expenditures and depreciation and amortization expense for the years ended December 31, 2022, 2021, and 2020, by segment.
| Assets |  | Capital Expenditures |  | Depreciation and Amortization
| 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020
Motion Technologies | $ | 1,311.9 |  |  | $ | 1,272.8 |  |  | $ | 73.2 |  |  | $ | 71.1 |  |  | $ | 43.8 |  |  | $ | 59.9 |  |  | $ | 64.1 |  |  | $ | 60.0 |
Industrial Process | 1,218.6 |  |  | 1,030.0 |  |  | 10.9 |  |  | 6.7 |  |  | 8.3 |  |  | 25.3 |  |  | 22.3 |  |  | 23.7 |
Connect & Control Technologies | 751.6 |  |  | 719.3 |  |  | 14.8 |  |  | 8.5 |  |  | 10.6 |  |  | 18.8 |  |  | 21.8 |  |  | 23.1 |
Corporate and Other | 498.2 |  |  | 543.3 |  |  | 5.0 |  |  | 2.1 |  |  | 1.0 |  |  | 3.4 |  |  | 4.9 |  |  | 5.4 |
Total | $ | 3,780.3 |  |  | $ | 3,565.4 |  |  | $ | 103.9 |  |  | $ | 88.4 |  |  | $ | 63.7 |  |  | $ | 107.4 |  |  | $ | 113.1 |  |  | $ | 112.2 |
Business Segment Information by Geographical Information | The following table displays consolidated revenue by geographic region. Revenue is attributed to individual regions based on the destination of the product or service delivery.
For the Year Ended December 31, 2022 | Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Eliminations |  | Total
North America(a) | $ | 266.9 |  |  | $ | 566.2 |  |  | $ | 390.2 |  |  | $ | (2.8) |  |  | $ | 1,220.5 |
Europe(b) | 756.7 |  |  | 94.6 |  |  | 136.4 |  |  | — |  |  | 987.7 |
Asia(c) | 333.6 |  |  | 102.8 |  |  | 88.1 |  |  | (0.1) |  |  | 524.4 |
Middle East and Africa | 1.3 |  |  | 120.8 |  |  | 22.4 |  |  | — |  |  | 144.5 |
South America | 15.5 |  |  | 86.6 |  |  | 8.5 |  |  | — |  |  | 110.6 |
Total | $ | 1,374.0 |  |  | $ | 971.0 |  |  | $ | 645.6 |  |  | $ | (2.9) |  |  | $ | 2,987.7 |
For the Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |
North America(a) | $ | 249.9 |  |  | $ | 470.1 |  |  | $ | 331.4 |  |  | $ | (1.5) |  |  | $ | 1,049.9 |
Europe(b) | 798.8 |  |  | 96.0 |  |  | 115.5 |  |  | — |  |  | 1,010.3 |
Asia(c) | 307.8 |  |  | 99.8 |  |  | 84.0 |  |  | — |  |  | 491.6 |
Middle East and Africa | 1.0 |  |  | 97.7 |  |  | 18.1 |  |  | — |  |  | 116.8 |
South America | 11.1 |  |  | 79.6 |  |  | 5.7 |  |  | — |  |  | 96.4 |
Total | $ | 1,368.6 |  |  | $ | 843.2 |  |  | $ | 554.7 |  |  | $ | (1.5) |  |  | $ | 2,765.0 |
For the Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |
North America(a) | $ | 187.3 |  |  | $ | 479.0 |  |  | $ | 319.3 |  |  | $ | (2.6) |  |  | $ | 983.0 |
Europe(b) | 676.4 |  |  | 95.5 |  |  | 97.4 |  |  | — |  |  | 869.3 |
Asia(c) | 243.8 |  |  | 93.1 |  |  | 77.0 |  |  | (0.2) |  |  | 413.7 |
Middle East and Africa | 1.5 |  |  | 92.0 |  |  | 18.8 |  |  | — |  |  | 112.3 |
South America | 12.1 |  |  | 83.4 |  |  | 4.0 |  |  | — |  |  | 99.5 |
Total | $ | 1,121.1 |  |  | $ | 843.0 |  |  | $ | 516.5 |  |  | $ | (2.8) |  |  | $ | 2,477.8 |
(a)Includes revenue of $978.6, $842.9, and $811.0 from the United States for 2022, 2021, and 2020, respectively. (b)Includes revenue of $404.7, $418.3, and $334.9 from Germany for 2022, 2021, and 2020, respectively. (c)Includes revenue of $307.8, $306.5, and $232.9 from China for 2022, 2021, and 2020, respectively.
Schedule of PP&E by Geographic Region | The following table displays Plant, Property and Equipment (PPE), net by geographic region.
As of December 31 | 2022 |  | 2021
North America(a) | $ | 156.5 |  |  | $ | 160.6 |
Europe(b) | 272.5 |  |  | 263.8 |
Asia(c) | 79.2 |  |  | 81.1 |
Middle East and Africa | 15.8 |  |  | 0.6 |
South America | 2.8 |  |  | 3.0 |
Total | $ | 526.8 |  |  | $ | 509.1 |
(a)Includes PPE, net of $125.2 and $130.3 in the United States as of December 31, 2022 and 2021, respectively. (b)Includes PPE, net of $113.6 and $115.7 in Italy as of December 31, 2022 and 2021, respectively. (c)Includes PPE, net of $52.8 and $52.5 in China as of December 31, 2022 and 2021, respectively.

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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