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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 29, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Segment results for the periods indicated were as follows:
| Three Months Ended |  | Nine Months Ended
($ in millions) | September 29, 2023 |  | September 30, 2022 |  | September 29, 2023 |  | September 30, 2022
Sales: |  |  |  |  |  |  |
Mobility Technologies | $ | 247.7 |  |  | $ | 228.5 |  |  | $ | 732.4 |  |  | $ | 646.7 |
Repair Solutions(a) | 160.2 |  |  | 152.7 |  |  | 500.0 |  |  | 466.8 |
Environmental & Fueling Solutions | 331.6 |  |  | 368.5 |  |  | 984.7 |  |  | 1,072.0 |
Other | 25.9 |  |  | 38.3 |  |  | 89.1 |  |  | 127.0 |
Total | $ | 765.4 |  |  | $ | 788.0 |  |  | $ | 2,306.2 |  |  | $ | 2,312.5 |
Segment operating profit: |  |  |  |  |  |  |
Mobility Technologies | $ | 51.4 |  |  | $ | 54.8 |  |  | $ | 144.0 |  |  | $ | 138.5 |
Repair Solutions(b) | 43.3 |  |  | 48.6 |  |  | 132.2 |  |  | 137.2 |
Environmental & Fueling Solutions | 95.7 |  |  | 104.3 |  |  | 271.6 |  |  | 284.8 |
Other | 2.2 |  |  | 1.5 |  |  | 8.2 |  |  | 9.8 |
Segment operating profit | 192.6 |  |  | 209.2 |  |  | 556.0 |  |  | 570.3 |
Corporate & other unallocated costs(b) | (50.0) |  |  | (59.0) |  |  | (159.0) |  |  | (148.8) |
Operating profit | 142.6 |  |  | 150.2 |  |  | 397.0 |  |  | 421.5 |
Interest expense, net | (22.8) |  |  | (17.9) |  |  | (70.7) |  |  | (46.1) |
Gain on sale of business | 0.3 |  |  | — |  |  | 34.4 |  |  | — |
Gain on previously held equity interests from combination of business | — |  |  | — |  |  | — |  |  | 32.7 |
Unrealized (loss) gain on equity securities measured at fair value | — |  |  | (65.8) |  |  | — |  |  | 17.2 |
Other non-operating (expense) income, net | (0.2) |  |  | 1.4 |  |  | (1.6) |  |  | 1.3 |
Earnings before income taxes | $ | 119.9 |  |  | $ | 67.9 |  |  | $ | 359.1 |  |  | $ | 426.6 |
Depreciation expense: |  |  |  |  |  |  |
Mobility Technologies | $ | 8.3 |  |  | $ | 5.8 |  |  | $ | 21.2 |  |  | $ | 16.5 |
Repair Solutions | 0.5 |  |  | 0.4 |  |  | 1.4 |  |  | 1.2 |
Environmental & Fueling Solutions | 1.9 |  |  | 3.2 |  |  | 9.3 |  |  | 10.4 |
Other | — |  |  | — |  |  | — |  |  | 0.9 |
Corporate | 0.3 |  |  | 0.4 |  |  | 0.8 |  |  | 0.8 |
Total | $ | 11.0 |  |  | $ | 9.8 |  |  | $ | 32.7 |  |  | $ | 29.8 |
(a) Includes interest income related to financing receivables of $19.7 million, $17.9 million, $58.5 million and $54.5 million for the three and nine months ended September 29, 2023 and September 30, 2022, respectively. (b) Includes the Repair Solutions Capital Charge of $10.5 million, $10.0 million, $31.0 million and $29.8 million for the three and nine months ended September 29, 2023 and September 30, 2022, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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