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v3.23.2

Business Segments - Schedule of Information on Company's Business Segments (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | $ 846.2 | $ 796.1 | $ 1,691.6 | $ 1,547.2 |
ADJUSTED EBITDA | 240.7 | 219.2 | 470.5 | 433.9 |
Interest expense | 13.3 | 9.5 | 26.4 | 19.0 |
Depreciation | 14.4 | 12.5 | 27.2 | 24.7 |
Amortization | 23.2 | 16.9 | 46.8 | 32.2 |
Fair value inventory step-up charges | 0.0 | 0.4 | 0.0 | 0.4 |
Restructuring expenses and asset impairments | 3.6 | 2.8 | 4.1 | 2.8 |
Gains on sales of asset | 0.0 | 0.0 | 0.0 | (2.7) |
Credit loss on note receivable from collaborative partner | 7.7 | 0.0 | 7.7 | 0.0 |
Income before income taxes | 178.5 | 177.1 | 358.3 | 357.5 |
Total assets | 5,719.9 |  | 5,719.9 |  | $ 5,511.9
Intersegment eliminations |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | (3.2) | (1.0) | (5.0) | (1.8) |
Operating segments |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
ADJUSTED EBITDA | 262.3 | 243.7 | 518.9 | 476.3 |
Corporate and other |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
ADJUSTED EBITDA | (21.6) | (24.5) | (48.4) | (42.4) |
Total assets | 153.2 |  | 153.2 |  | 132.1
Fluid & Metering Technologies |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | 324.1 | 299.5 | 645.2 | 571.4 |
ADJUSTED EBITDA | 114.1 | 95.0 | 220.3 | 183.4 |
Income before income taxes | 178.5 | 177.1 | 358.3 | 357.5 |
Total assets | 1,698.3 |  | 1,698.3 |  | 1,676.9
Fluid & Metering Technologies | Intersegment eliminations |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | 1.0 | 0.4 | 1.7 | 0.5 |
Fluid & Metering Technologies | Operating segments |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | 325.1 | 299.9 | 646.9 | 571.9 |
Health & Science Technologies |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | 338.4 | 325.4 | 688.7 | 640.0 |
ADJUSTED EBITDA | 93.7 | 103.6 | 194.4 | 203.4 |
Total assets | 3,075.4 |  | 3,075.4 |  | 2,931.1
Health & Science Technologies | Intersegment eliminations |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | 1.1 | 0.6 | 1.8 | 1.2 |
Health & Science Technologies | Operating segments |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | 339.5 | 326.0 | 690.5 | 641.2 |
Fire & Safety/Diversified Products |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | 183.7 | 171.2 | 357.7 | 335.8 |
ADJUSTED EBITDA | 54.5 | 45.1 | 104.2 | 89.5 |
Total assets | 793.0 |  | 793.0 |  | $ 771.8
Fire & Safety/Diversified Products | Intersegment eliminations |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | 1.1 | 0.0 | 1.5 | 0.1 |
Fire & Safety/Diversified Products | Operating segments |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Net sales | $ 184.8 | $ 171.2 | $ 359.2 | $ 335.9 |

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