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v3.23.3

Revenue (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenue from External Customers by Products and Services | The following table presents net sales disaggregated by product line for each segment:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Aerospace & Electronics |  |  |  |  |  |  |  |
Commercial Original Equipment |  | $ | 75.8 |  |  | $ | 63.7 |  |  | $ | 214.1 |  |  | $ | 182.9 |
Military and Other Original Equipment |  | 64.4 |  |  | 57.1 |  |  | 189.1 |  |  | 171.5 |
Commercial Aftermarket Products |  | 48.5 |  |  | 34.8 |  |  | 127.2 |  |  | 92.5 |
Military Aftermarket Products |  | 18.5 |  |  | 11.6 |  |  | 46.1 |  |  | 38.9 |
Total Aerospace & Electronics |  | $ | 207.2 |  |  | $ | 167.2 |  |  | $ | 576.5 |  |  | $ | 485.8 |
Process Flow Technologies |  |  |  |  |  |  |  |
Process Valves and Related Products |  | $ | 197.3 |  |  | $ | 186.2 |  |  | $ | 597.6 |  |  | $ | 555.8 |
Commercial Valves |  | 31.2 |  |  | 30.4 |  |  | 90.5 |  |  | 205.8 |
Pumps and Systems |  | 38.2 |  |  | 33.4 |  |  | 113.2 |  |  | 95.8 |
Total Process Flow Technologies |  | $ | 266.7 |  |  | $ | 250.0 |  |  | $ | 801.3 |  |  | $ | 857.4 |
Engineered Materials |  |  |  |  |  |  |  |
FRP - Recreational Vehicles |  | $ | 19.6 |  |  | $ | 24.9 |  |  | $ | 57.1 |  |  | $ | 92.8 |
FRP - Building Products |  | 27.5 |  |  | 29.0 |  |  | 91.1 |  |  | 88.2 |
FRP - Transportation |  | 9.1 |  |  | 8.9 |  |  | 27.5 |  |  | 24.9 |
Total Engineered Materials |  | $ | 56.2 |  |  | $ | 62.8 |  |  | $ | 175.7 |  |  | $ | 205.9 |
Net sales |  | $ | 530.1 |  |  | $ | 480.0 |  |  | $ | 1,553.5 |  |  | $ | 1,549.1 |
Contract with Customer, Asset and Liability | Net contract assets and contract liabilities consisted of the following:
(in millions) | September 30, 2023 |  | December 31, 2022 |  |  |  |
Contract assets | $ | 73.6 |  |  | $ | 56.8 |  |  |  |  |
Contract liabilities | $ | 51.8 |  |  | $ | 49.4 |  |  |  |  |

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- 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
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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
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