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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Financial Information by Reportable Business Segment

Financial information by reportable business segment is included in the following summary:

2025			Water Systems						Distribution						Energy Systems						Total
(In millions)
External sales			$	1,131.6					$	700.7					$	299.0					$	2,131.3
Intersegment sales			124.8						—						—						124.8
			$	1,256.4					$	700.7					$	299.0					$	2,256.1
Elimination of intersegment sales																					$	(124.8)
Total consolidated sales																					$	2,131.3
Cost of sales			$	830.1					$	511.2					$	156.6
Selling, general and administrative expenses			218.7						149.4						43.3
Restructuring expense			0.4						0.3						—
Segment operating income			$	207.2					$	39.8					$	99.1					$	346.1
Reconciliation of segment operating income to income before income taxes
Deferred intersegment loss																					$	(2.4)
Corporate general and administrative expenses																					(74.8)
Interest expense																					(10.6)
Other income, net																					0.6
Foreign exchange expense																					(9.3)
Pension settlement loss																					(54.9)
Consolidated income before income taxes																					$	194.7

2024			Water Systems						Distribution						Energy Systems						Total
(In millions)
External sales			$	1,062.1					$	685.5					$	273.7					$	2,021.3
Intersegment sales			121.9						—						—						121.9
			$	1,184.0					$	685.5					$	273.7					$	2,143.2
Elimination of intersegment sales																					$	(121.9)
Total consolidated sales																					$	2,021.3
Cost of sales			$	782.0					$	505.9					$	137.6
Selling, general and administrative expenses			201.7						154.6						42.1
Restructuring expense			2.4						0.7						0.4
Segment operating income			$	197.9					$	24.3					$	93.6					$	315.8
Reconciliation of segment operating income to income before income taxes
Deferred intersegment loss																					$	(0.5)
Corporate general and administrative expenses																					(71.7)
Interest expense																					(6.3)
Other income, net																					1.3
Foreign exchange expense																					(6.8)
Consolidated income before income taxes																					$	231.8

2023			Water Systems						Distribution						Energy Systems						Consolidated
(In millions)
External sales			$	1,095.3					$	673.3					$	296.5					$	2,065.1
Intersegment sales			108.4						—						—						108.4
			$	1,203.7					$	673.3					$	296.5					$	2,173.5
Elimination of intersegment sales																					$	(108.4)
Total consolidated sales																					$	2,065.1
Cost of sales			$	819.3					497.4						$	162.0
Selling, general and administrative expenses			187.3						141.6						41.2
Restructuring expense			0.5						—						0.6
Segment operating income			$	196.6					$	34.3					$	92.7					$	323.6
Reconciliation of segment operating income to income before income taxes
Deferred intersegment profit																					$	2.2
Corporate general and administrative expenses																					(63.4)
Interest expense																					(11.8)
Other income, net																					3.7
Foreign exchange expense																					(12.1)
Consolidated income before income taxes																					$	242.2

(In millions)			2025						2024						2023
Depreciation and amortization
Water Systems			$	45.8					$	39.0					$	36.9
Distribution			9.3						9.6						7.6
Energy Systems			4.3						4.3						4.2
Total segment depreciation and amortization			$	59.4					$	52.9					$	48.7
Corporate			3.5						3.2						3.6
Total depreciation and amortization			$	62.9					$	56.1					$	52.3
Capital Expenditures
Water Systems			$	32.7					$	27.8					$	28.6
Distribution			6.2						9.3						9.3
Energy Systems			2.6						2.3						3.0
Total segment capital expenditure			$	41.5					$	39.4					$	40.9
Corporate			3.5						1.8						2.3
Total capital expenditure			$	45.0					$	41.2					$	43.2
Assets
Water Systems			$	1,235.0					$	998.8					$	1,044.4
Distribution			367.2						358.9						365.6
Energy Systems			259.5						250.4						256.4
Total segment assets			$	1,861.7					$	1,608.1					$	1,666.4
Corporate			82.7						212.5						61.7
Total assets			$	1,944.4					$	1,820.6					$	1,728.1

Schedule of Financial Information by Geographic Region

Financial information by geographic region is as follows:

			Net sales																		Long-lived assets
(In millions)			2025						2024						2023						2025						2024						2023
United States			$	1,446.5					$	1,400.4					$	1,441.6					$	610.3					$	626.6					$	625.3
Foreign			684.8						620.9						623.5						368.9						221.6						240.3
Consolidated			$	2,131.3					$	2,021.3					$	2,065.1					$	979.2					$	848.2					$	865.6

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

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-Name Accounting Standards Codification
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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
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