XML 62 R53.htm IDEA: XBRL DOCUMENT v3.23.3
Business Segment Information - Schedule of Segment Operating Results and Other Financial Data (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Segment Reporting Information        
Total third-party sales $ 250.7 $ 280.1 $ 810.2 $ 827.3
Income from continuing operations before income taxes 22.9 35.9 28.4 84.8
Acquisition and divestiture expenses 0.0 0.0 0.0 0.4
Non-controlling interest compensation allocation 0.0 (0.6) (0.3) (0.1)
Amortization of fair value adjustment to acquisition date inventory 0.0 1.0 0.0 12.3
Restructuring and impairment expense 2.0 0.1 2.6 1.2
Depreciation and amortization expense 23.5 25.7 70.9 77.7
Interest expense, net 7.1 9.3 23.6 23.9
Goodwill impairment 0.0 0.0 60.8 0.0
Other expense (income), net (1.9) 0.3 (4.3) (1.7)
Adjusted Segment EBITDA 67.0 79.6 226.5 230.7
Sealing Technologies        
Segment Reporting Information        
Total third-party sales 161.3 157.6 511.3 466.7
Goodwill impairment     0.0  
Advanced Surface Technologies        
Segment Reporting Information        
Total third-party sales 89.4 122.5 298.9 360.6
Goodwill impairment     60.8  
Operating Segments        
Segment Reporting Information        
Total third-party sales 250.8 280.4 810.5 828.1
Operating Segments | Sealing Technologies        
Segment Reporting Information        
Total third-party sales 161.4 157.9 511.4 467.4
Adjusted Segment EBITDA 48.0 39.7 153.9 118.1
Operating Segments | Advanced Surface Technologies        
Segment Reporting Information        
Total third-party sales 89.4 122.5 299.1 360.7
Adjusted Segment EBITDA 19.0 39.9 72.6 112.6
Intersegment sales        
Segment Reporting Information        
Total third-party sales (0.1) (0.3) (0.3) (0.8)
Corporate        
Segment Reporting Information        
Corporate expenses 9.4 9.1 35.1 31.4
Segment Reconciling Items        
Segment Reporting Information        
Other expense (income), net $ 2.1 $ (0.9) $ 5.4 $ (0.9)