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Information on Reportable Segments (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Reportable and Other Operating Segments
Financial data for our reportable segments for the years ended December 31, 2024, 2023, and 2022 were as follows:
202420232022
HVAC reportable segment
Revenues$1,364.7 $1,122.3 $913.8 
Cost of products sold843.8 712.8 636.0 
Selling, general and administrative expense197.0 175.1 142.3 
     Segment income$323.9 $234.4 $135.5 
Detection and Measurement reportable segment
Revenues$619.2 $618.9 $547.1 
Cost of products sold338.9 354.8 299.9 
Selling, general and administrative expense143.6 145.3 133.1 
     Segment income$136.7 $118.8 $114.1 
Consolidated revenues$1,983.9 $1,741.2 $1,460.9 
Consolidated income for segments460.6 353.2 249.6 
Corporate expense53.6 58.4 68.6 
Acquisition-related and other costs (1)
7.2 5.8 1.9 
Long-term incentive compensation expense15.0 13.4 10.9 
Amortization of acquired intangible assets64.5 43.9 28.5 
Impairment of goodwill and intangible assets (2)
— — 13.4 
Special charges, net3.6 0.8 0.4 
Other operating expense, net (3)
8.4 9.0 74.9 
     Consolidated operating income $308.3 $221.9 $51.0 
Capital expenditures:
HVAC reportable segment$31.9 $17.6 $10.1 
Detection and Measurement reportable segment5.5 5.4 4.6 
General corporate0.6 0.9 1.2 
     Total capital expenditures$38.0 $23.9 $15.9 
Depreciation and amortization:
HVAC reportable segment$64.7 $37.1 $20.5 
Detection and Measurement reportable segment24.4 23.7 23.5 
General corporate2.5 2.4 2.4 
     Total depreciation and amortization$91.6 $63.2 $46.4 
Geographic Areas:
Revenues: (4)
United States$1,640.8 $1,454.1 $1,223.5 
Canada111.3 48.4 17.3 
China64.9 53.7 51.0 
United Kingdom90.9 96.3 96.5 
Other76.0 88.7 72.6 
$1,983.9 $1,741.2 $1,460.9 
Tangible Long-Lived Assets:
United States$275.5 $292.4 $275.0 
Canada83.3 11.9 3.3 
Other25.7 29.1 31.7 
Long-lived assets of continuing operations384.5 333.4 310.0 
Long-lived assets of discontinued operations, DBT and Heat Transfer— 0.2 19.3 
Total tangible long-lived assets$384.5 $333.6 $329.3 
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(1)Represents integration costs incurred in connection with acquisitions of $7.2, $5.8, and $1.9, including additional “Cost of products sold” related to the step-up of inventory (to fair value) acquired in connection with these acquisitions of $1.8, $3.6 and $1.1, during the years ended December 31, 2024, 2023 and 2022, respectively.
(2)The year ended December 31, 2022 includes impairment charges of $12.9 related to the goodwill and trademarks of our ULC Robotics (“ULC”) business and $0.5 related to certain other trademarks.
(3)The year ended December 31, 2024 includes a charge of $8.4 related to a settlement with the seller of ULC regarding additional contingent consideration. The year ended December 31, 2023 includes a charge of $9.0 related to the resolution of a dispute with a former representative at one of our businesses within the Detection and Measurement reportable segment. The year ended December 31, 2022 includes a loss on the Asbestos Portfolio Sale of $73.9, as well as charges of $2.3 for asbestos product liability matters incurred prior to the Asbestos Portfolio Sale, partially offset by a reduction in the fair value/liability associated with contingent consideration related to the acquisition of Enterprise Control Systems Ltd (“ECS”), which was completed in 2021, of $1.3.
(4)Revenues are included in the above geographic areas based on the country that recorded the revenue.