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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents net sales disaggregated by product line for each segment:
(in millions) December 31, |  | 2022 |  | 2021 |  | 2020
Aerospace & Electronics |  |  |  |  |
Commercial Original Equipment |  | $ | 250.5 |  |  | $ | 229.4 |  |  | $ | 226.4 |
Military Original Equipment |  | 231.2 |  |  | 239.7 |  |  | 258.7 |
Commercial Aftermarket Products |  | 129.3 |  |  | 104.5 |  |  | 93.0 |
Military Aftermarket Products |  | 56.3 |  |  | 64.7 |  |  | 72.6 |
Total Aerospace & Electronics | $ | 667.3 |  |  | $ | 638.3 |  |  | $ | 650.7 |
Process Flow Technologies |  |  |  |  |
Process Valves and Related Products |  | $ | 749.8 |  |  | $ | 717.1 |  |  | $ | 631.6 |
Commercial Valves |  | 232.2 |  |  | 374.2 |  |  | 286.3 |
Pumps and Systems |  | 127.4 |  |  | 105.3 |  |  | 87.9 |
Total Process Flow Technologies | $ | 1,109.4 |  |  | $ | 1,196.6 |  |  | $ | 1,005.8 |
Payment & Merchandising Technologies |  |  |  |  |
Payment Acceptance and Dispensing Products |  | $ | 874.3 |  |  | $ | 805.7 |  |  | $ | 670.8 |
Banknotes and Security Products |  | 465.6 |  |  | 539.4 |  |  | 434.0 |
Total Payment & Merchandising Technologies | $ | 1,339.9 |  |  | $ | 1,345.1 |  |  | $ | 1,104.8 |
Engineered Materials |  |  |  |  |  |
FRP- Recreational Vehicles |  | $ | 111.9 |  |  | $ | 102.5 |  |  | $ | 68.9 |
FRP- Building Products |  | 112.5 |  |  | 94.9 |  |  | 83.1 |
FRP- Transportation |  | 33.9 |  |  | 30.6 |  |  | 23.6 |
Total Engineered Materials |  | $ | 258.3 |  |  | $ | 228.0 |  |  | $ | 175.6 |
Total Net Sales | $ | 3,374.9 |  |  | $ | 3,408.0 |  |  | $ | 2,936.9 |
Contract with Customer, Asset and Liability | Net contract assets and contract liabilities consisted of the following:
(in millions) December 31, | 2022 |  | 2021 |  |  |  |
Contract assets | $ | 88.6 |  |  | $ | 73.0 |  |  |  |  |
Contract liabilities | $ | 142.9 |  |  | $ | 101.1 |  |  |  |  |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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