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v3.23.1

Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Information on Company's Business Segments | Information on the Company’s business segments is presented below based on the nature of the products and services offered. The Company uses Adjusted EBITDA as its principal measure of segment performance. Intersegment sales are accounted for at fair value as if the sales were to third parties.
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Net sales |  |  |  |  |  |  |
Fluid & Metering Technologies |  |  |  |  |  |  |
External customers | $ | 321.1 |  |  | $ | 271.9 |  |  |  |  |
Intersegment sales | 0.7 |  |  | 0.1 |  |  |  |  |
Total segment sales | 321.8 |  |  | 272.0 |  |  |  |  |
Health & Science Technologies |  |  |  |  |  |  |
External customers | 350.3 |  |  | 314.6 |  |  |  |  |
Intersegment sales | 0.7 |  |  | 0.6 |  |  |  |  |
Total segment sales | 351.0 |  |  | 315.2 |  |  |  |  |
Fire & Safety/Diversified Products |  |  |  |  |  |  |
External customers | 174.0 |  |  | 164.6 |  |  |  |  |
Intersegment sales | 0.4 |  |  | 0.1 |  |  |  |  |
Total segment sales | 174.4 |  |  | 164.7 |  |  |  |  |
Intersegment eliminations | (1.8) |  |  | (0.8) |  |  |  |  |
Net sales | $ | 845.4 |  |  | $ | 751.1 |  |  |  |  |
ADJUSTED EBITDA |  |  |  |  |  |  |
Fluid & Metering Technologies | $ | 106.2 |  |  | $ | 88.4 |  |  |  |  |
Health & Science Technologies | 100.7 |  |  | 99.8 |  |  |  |  |
Fire & Safety/Diversified Products | 49.7 |  |  | 44.4 |  |  |  |  |
Segment Adjusted EBITDA | 256.6 |  |  | 232.6 |  |  |  |  |
Corporate and other | (26.8) |  |  | (17.9) |  |  |  |  |
Adjusted EBITDA | 229.8 |  |  | 214.7 |  |  |  |  |
- Interest expense | 13.1 |  |  | 9.5 |  |  |  |  |
- Depreciation | 12.8 |  |  | 12.2 |  |  |  |  |
- Amortization | 23.6 |  |  | 15.3 |  |  |  |  |
- Restructuring expenses and asset impairments | 0.5 |  |  | — |  |  |  |  |
+ Gains on sales of asset | — |  |  | 2.7 |  |  |  |  |
Income before income taxes | $ | 179.8 |  |  | $ | 180.4 |  |  |  |  |
| March 31, 2023 |  | December 31, 2022
ASSETS |  |  |
Fluid & Metering Technologies | $ | 1,720.9 |  |  | $ | 1,676.9 |
Health & Science Technologies | 2,960.9 |  |  | 2,931.1 |
Fire & Safety/Diversified Products | 787.3 |  |  | 771.8 |
Corporate and other | 188.9 |  |  | 132.1 |
Total assets | $ | 5,658.0 |  |  | $ | 5,511.9 |

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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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