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Revenues from Contracts (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

We disaggregate revenue from contracts with customers by major product line and based on the timing of recognition for each of our reportable segments, as we believe such disaggregation best depicts how the nature, amount, timing, and uncertainty of our revenues and cash flows are affected by economic factors, with such disaggregation presented below for the years ended December 31, 2024, 2023, and 2022:

						Year Ended December 31, 2024
Reportable Segments						HVAC						Detection and Measurement						Total
Major product lines
Package and process cooling equipment and services, and engineered air movement and handling solutions						$	884.0					$	—					$	884.0
Boilers, electrical heating, and ventilation						480.7						—						480.7
Underground locators, inspection and rehabilitation equipment, and robotic systems						—						260.9						260.9
Communication technologies, aids to navigation, and transportation systems						—						358.3						358.3
						$	1,364.7					$	619.2					$	1,983.9
Timing of Revenue Recognition
Revenues recognized at a point in time						$	1,249.0					$	521.5					$	1,770.5
Revenues recognized over time						115.7						97.7						213.4
						$	1,364.7					$	619.2					$	1,983.9

						Year Ended December 31, 2023
Reportable Segments						HVAC						Detection and Measurement						Total
Major product lines
Package and process cooling equipment and services, and engineered air movement solutions						$	683.2					$	—					$	683.2
Boilers, electrical heating, and ventilation						439.1						—						439.1
Underground locators, inspection and rehabilitation equipment, and robotic systems						—						264.1						264.1
Communication technologies, aids to navigation, and transportation systems						—						354.8						354.8
						$	1,122.3					$	618.9					$	1,741.2
Timing of Revenue Recognition
Revenues recognized at a point in time						$	1,042.8					$	525.2					$	1,568.0
Revenues recognized over time						79.5						93.7						173.2
						$	1,122.3					$	618.9					$	1,741.2

						Year Ended December 31, 2022
Reportable Segments						HVAC						Detection and Measurement						Total
Major product lines
Package and process cooling equipment and services, and engineered air movement solutions						$	537.0					$	—					$	537.0
Boilers, electrical heating, and ventilation						376.8						—						376.8
Underground locators, inspection and rehabilitation equipment, and robotic systems						—						262.1						262.1
Communication technologies, aids to navigation, and transportation systems						—						285.0						285.0
						$	913.8					$	547.1					$	1,460.9
Timing of Revenue Recognition
Revenues recognized at a point in time						$	838.0					$	455.1					$	1,293.1
Revenues recognized over time						75.8						92.0						167.8
						$	913.8					$	547.1					$	1,460.9

Schedule of Contract with Customer, Asset and Liability

Our contract balances consisted of the following as of December 31, 2024 and 2023:

Contract Balances			December 31, 2024						December 31, 2023						Change
Contract Accounts Receivable (1)			$	305.4					$	275.4					$	30.0
Contract Assets			11.3						16.6						(5.3)
Contract Liabilities - current			(62.3)						(73.5)						11.2
Contract Liabilities - non-current (2)			(4.0)						(4.0)						—
Net contract balance			$	250.4					$	214.5					$	35.9

_____________________

(1) Included in “Accounts receivable, net” within the accompanying consolidated balance sheets.

(2) Included in “Other long-term liabilities” within the accompanying consolidated balance sheets.

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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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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