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Revenue (Tables)

9 Months Ended

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

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

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- References

No definition available.

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X

- 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

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