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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] | The following table represents our revenue disaggregated by end market.
For the Year Ended December 31, 2022 | Motion Technologies | Industrial Process | Connect & Control Technologies | Eliminations | Total
Auto and rail |  | $ | 1,336.1 |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | (0.1) |  |  |  | $ | 1,336.0 |  |
Chemical and industrial pumps |  | — |  |  |  | 780.9 |  |  |  | — |  |  |  | (0.1) |  |  |  | 780.8 |  |
Aerospace and defense |  | 7.8 |  |  |  | — |  |  |  | 316.9 |  |  |  | — |  |  |  | 324.7 |  |
General industrial |  | 30.1 |  |  |  | — |  |  |  | 285.1 |  |  |  | (2.7) |  |  |  | 312.5 |  |
Energy |  | — |  |  |  | 190.1 |  |  |  | 43.6 |  |  |  | — |  |  |  | 233.7 |  |
Total |  | $ | 1,374.0 |  |  |  | $ | 971.0 |  |  |  | $ | 645.6 |  |  |  | $ | (2.9) |  |  |  | $ | 2,987.7 |  |
For the Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto and rail |  | $ | 1,335.1 |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | 1,335.1 |  |
Chemical and industrial pumps |  | — |  |  |  | 659.0 |  |  |  | — |  |  |  | — |  |  |  | 659.0 |  |
Aerospace and defense |  | 8.3 |  |  |  | — |  |  |  | 261.4 |  |  |  | — |  |  |  | 269.7 |  |
General industrial |  | 25.2 |  |  |  | — |  |  |  | 255.2 |  |  |  | (1.5) |  |  |  | 278.9 |  |
Energy |  | — |  |  |  | 184.2 |  |  |  | 38.1 |  |  |  | — |  |  |  | 222.3 |  |
Total |  | $ | 1,368.6 |  |  |  | $ | 843.2 |  |  |  | $ | 554.7 |  |  |  | $ | (1.5) |  |  |  | $ | 2,765.0 |  |
For the Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Auto and rail |  | $ | 1,104.6 |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | (0.2) |  |  |  | $ | 1,104.4 |  |
Chemical and industrial pumps |  | — |  |  |  | 660.5 |  |  |  | — |  |  |  | — |  |  |  | 660.5 |  |
Aerospace and defense |  | 6.7 |  |  |  | — |  |  |  | 284.7 |  |  |  | — |  |  |  | 291.4 |  |
General industrial |  | 9.8 |  |  |  | — |  |  |  | 200.5 |  |  |  | (2.6) |  |  |  | 207.7 |  |
Energy |  | — |  |  |  | 182.5 |  |  |  | 31.3 |  |  |  | — |  |  |  | 213.8 |  |
Total |  | $ | 1,121.1 |  |  |  | $ | 843.0 |  |  |  | $ | 516.5 |  |  |  | $ | (2.8) |  |  |  | $ | 2,477.8 |  |
Contract with Customer, Asset and Liability [Table Text Block] | The following table represents our net contract assets and liabilities.
As of December 31 | 2022 | 2021 |  |
Current contract assets |  | $ | 26.3 |  |  |  | $ | 20.6 |  |  |  |  |  |
Noncurrent contract assets |  | 1.2 |  |  |  | 0.3 |  |  |  |  |  |
Current contract liabilities |  | (70.2) |  |  |  | (46.6) |  |  |  |  |  |
Noncurrent contract liabilities |  | (4.4) |  |  |  | (4.4) |  |  |  |  |  |
Net contract liabilities |  | $ | (47.1) |  |  |  | $ | (30.1) |  |  |  |  |  |
Our net contract liability increased $17.0 during 2022, primarily due to timing of cash receipts relative to project performance within our IP segment. During 2022, we recognized revenue of $33.7 related to contract liabilities at December 31, 2021.

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