XML 54 R37.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Revenue (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
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, 2023 | Motion Technologies | Industrial Process | Connect & Control Technologies | Eliminations | Total
Auto and rail |  | $ | 1,423.7 |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | (0.1) |  |  |  | $ | 1,423.6 |  |
Chemical and industrial pumps |  | — |  |  |  | 893.0 |  |  |  | — |  |  |  | (0.1) |  |  |  | 892.9 |  |
Aerospace and defense |  | 8.4 |  |  |  | — |  |  |  | 377.3 |  |  |  | — |  |  |  | 385.7 |  |
General industrial |  | 25.7 |  |  |  | — |  |  |  | 270.7 |  |  |  | (3.6) |  |  |  | 292.8 |  |
Energy |  | — |  |  |  | 236.6 |  |  |  | 51.4 |  |  |  | — |  |  |  | 288.0 |  |
Total |  | $ | 1,457.8 |  |  |  | $ | 1,129.6 |  |  |  | $ | 699.4 |  |  |  | $ | (3.8) |  |  |  | $ | 3,283.0 |  |
For the Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |  |
Contract with Customer, Asset and Liability [Table Text Block] | The following table represents our net contract assets and liabilities.
As of December 31 | 2023 | 2022 |  |
Current contract assets |  | $ | 25.8 |  |  |  | $ | 26.3 |  |  |  |  |  |
Noncurrent contract assets |  | 1.6 |  |  |  | 1.2 |  |  |  |  |  |
Current contract liabilities |  | (95.9) |  |  |  | (70.2) |  |  |  |  |  |
Noncurrent contract liabilities |  | (4.5) |  |  |  | (4.4) |  |  |  |  |  |
Net contract liabilities |  | $ | (73.0) |  |  |  | $ | (47.1) |  |  |  |  |  |
Our net contract liability increased $25.9 during 2023, primarily due to timing of cash receipts relative to project performance within our IP segment. During 2023, we recognized revenue of $49.2 related to contract liabilities at December 31, 2022.

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration