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Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents our segment revenue and operating income for each segment and reconciles to total consolidated revenue, total segment operating income and income from continuing operations before income tax.

For the Year Ended December 31, 2024			Motion Technologies						Industrial Process						Connect & Control Technologies						Total
Revenue			$	1,447.8					$	1,361.0					$	825.1					$	3,633.9
Eliminations																					(3.2)
Consolidated revenue																					$	3,630.7
Costs of revenue(a)			1,016.7						844.2						526.1
Selling, general and administrative expenses(a)			110.7						215.7						117.7
Research and development expenses(a)			54.0						24.6						34.5
Other segment expenses(b)			(48.2)						0.2						0.7
Segment operating income			314.6						276.3						146.1						737.0
Other corporate costs																					(61.0)
Interest expense																					(36.6)
Interest income																					6.6
Other non-operating income, net																					1.6
Income from continuing operations before income tax																					$	647.6

For the Year Ended December 31, 2023			Motion Technologies						Industrial Process						Connect & Control Technologies						Total
Revenue			$	1,457.8					$	1,129.6					$	699.4					$	3,286.8
Eliminations																					(3.8)
Consolidated revenue																					$	3,283.0
Costs of revenue(a)			1,053.3						678.4						447.8
Selling, general and administrative expenses(a)			122.4						192.5						103.2
Research and development expenses(a)			51.8						15.0						32.7
Other segment expenses(b)			(0.5)						0.1						8.2
Segment operating income			230.8						243.6						107.5						581.9
Other corporate costs																					(53.7)
Interest expense																					(19.2)
Interest income																					8.8
Other non-operating income, net																					1.7
Income from continuing operations before income tax																					$	519.5

For the Year Ended December 31, 2022			Motion Technologies						Industrial Process						Connect & Control Technologies						Total
Revenue			$	1,374.0					$	971.0					$	645.6					$	2,990.6
Eliminations																					(2.9)
Consolidated revenue																					$	2,987.7
Costs of revenue(a)			1,024.6						633.4						410.3
Selling, general and administrative expenses(a)			91.0						152.5						89.2
Research and development expenses(a)			50.1						13.8						30.2
Other segment expenses(b)			(0.2)						(16.3)						0.1
Segment operating income			208.5						187.6						115.8						511.9
Other corporate costs																					(43.9)
Interest expense																					(10.9)
Interest income																					4.5
Other non-operating income, net																					0.2
Income from continuing operations before income tax																					$	461.8

Segment Operating Margin Table

The following table presents our operating margin for each segment. Segment operating margin is calculated as segment operating income divided by segment revenue.

For the Year Ended December 31																																							2024						2023						2022
Motion Technologies																																							21.7		%				15.8		%				15.2		%
Industrial Process																																							20.3		%				21.6		%				19.3		%
Connect & Control Technologies																																							17.7		%				15.4		%				17.9		%

Schedule of Segment Reporting Information

The following table presents our assets as of December 31, 2024 and 2023, as well as our capital expenditures and depreciation and amortization expense for the years ended December 31, 2024, 2023, and 2022, by segment.

			Assets												Capital Expenditures																		Depreciation and Amortization
			2024						2023						2024						2023						2022						2024						2023						2022
Motion Technologies			$	1,186.6					$	1,366.6					$	75.3					$	72.0					$	73.2					$	61.5					$	64.4					$	59.9
Industrial Process			1,798.6						1,323.2						34.2						17.7						10.9						45.9						21.9						25.3
Connect & Control Technologies			1,326.8						834.6						13.1						16.1						14.8						27.5						20.3						18.8
Corporate and Other			398.7						408.2						1.3						1.8						5.0						2.4						2.6						3.4
Total			$	4,710.7					$	3,932.6					$	123.9					$	107.6					$	103.9					$	137.3					$	109.2					$	107.4

Revenue from External Customers by Geographic Areas

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, 2024			Motion Technologies						Industrial Process						Connect & Control Technologies						Eliminations						Total
North America(a)			$	256.5					$	714.6					$	539.0					$	(2.8)					$	1,507.3
Europe(b)			787.4						176.2						144.6						(0.3)						1,107.9
Asia(c)			384.7						190.6						95.2						(0.1)						670.4
Middle East and Africa			1.2						165.9						32.6						—						199.7
South America			18.0						113.7						13.7						—						145.4
Total			$	1,447.8					$	1,361.0					$	825.1					$	(3.2)					$	3,630.7
For the Year Ended December 31, 2023
North America(a)			$	265.2					$	660.9					$	441.1					$	(3.7)					$	1,363.5
Europe(b)			802.7						109.1						134.8						—						1,046.6
Asia(c)			370.1						118.5						84.1						(0.1)						572.6
Middle East and Africa			1.5						139.6						28.4						—						169.5
South America			18.3						101.5						11.0						—						130.8
Total			$	1,457.8					$	1,129.6					$	699.4					$	(3.8)					$	3,283.0
For the Year Ended December 31, 2022
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

(a)Includes revenue of $1,197.6, $1,075.8, and $978.6 from the United States for 2024, 2023, and 2022, respectively.

(b)Includes revenue of $385.9, $387.8, and $404.7 from Germany for 2024, 2023, and 2022, respectively.

(c)Includes revenue of $445.3, $351.8, and $307.8 from China for 2024, 2023, and 2022, 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			2024						2023
North America(a)			$	160.4					$	165.0
Europe(b)			300.6						287.5
Asia(c)			91.7						87.8
Middle East and Africa			22.4						17.8
South America			2.1						2.9
Total			$	577.2					$	561.0

(a)Includes PPE, net of $113.0 and $127.1 in the United States as of December 31, 2024 and 2023, respectively.

(b)Includes PPE, net of $154.8 and $134.4 in Italy as of December 31, 2024 and 2023, respectively.

(c)Includes PPE, net of $62.3 and $63.2 in China as of December 31, 2024 and 2023, respectively.

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