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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment is set forth below:
(in millions) December 31, |  | 2022 |  | 2021 |  | 2020
Net Sales: |  |  |  |  |  |
Aerospace & Electronics |  | $ | 667.3 |  |  | $ | 638.3 |  |  | $ | 650.7 |
Process Flow Technologies |  | 1,109.4 |  |  | 1,196.6 |  |  | 1,005.8 |
Payment & Merchandising Technologies |  | 1,339.9 |  |  | 1,345.1 |  |  | 1,104.8 |
Engineered Materials |  | 258.3 |  |  | 228.0 |  |  | 175.6 |
TOTAL NET SALES |  | $ | 3,374.9 |  |  | $ | 3,408.0 |  |  | $ | 2,936.9 |
Operating profit: |  |  |  |  |  |
Aerospace & Electronics |  | $ | 120.3 |  |  | $ | 110.0 |  |  | $ | 100.7 |
Process Flow Technologies |  | 168.2 |  |  | 182.5 |  |  | 97.7 |
Payment & Merchandising Technologies |  | 333.1 |  |  | 307.5 |  |  | 100.6 |
Engineered Materials |  | 32.6 |  |  | 26.9 |  |  | 22.7 |
Corporate |  | (284.7) |  |  | (97.7) |  |  | (58.8) |
TOTAL OPERATING PROFIT (a) |  | $ | 369.5 |  |  | $ | 529.2 |  |  | $ | 262.9 |
Capital expenditures: |  |  |  |  |  |
Aerospace & Electronics |  | $ | 9.3 |  |  | $ | 14.1 |  |  | $ | 9.8 |
Process Flow Technologies |  | 23.9 |  |  | 18.8 |  |  | 13.7 |
Payment & Merchandising Technologies |  | 21.3 |  |  | 18.6 |  |  | 9.3 |
Engineered Materials |  | 3.8 |  |  | 2.2 |  |  | 1.2 |
Corporate |  | 0.1 |  |  | 0.2 |  |  | 0.1 |
TOTAL CAPITAL EXPENDITURES |  | $ | 58.4 |  |  | $ | 53.9 |  |  | $ | 34.1 |
Depreciation and amortization: |  |  |  |  |  |
Aerospace & Electronics |  | $ | 14.1 |  |  | $ | 14.7 |  |  | $ | 14.2 |
Process Flow Technologies |  | 19.5 |  |  | 22.0 |  |  | 21.6 |
Payment & Merchandising Technologies |  | 78.2 |  |  | 81.3 |  |  | 85.9 |
Engineered Materials |  | 5.8 |  |  | 1.6 |  |  | 3.7 |
Corporate |  | 1.3 |  |  | 1.5 |  |  | 2.1 |
TOTAL DEPRECIATION AND AMORTIZATION |  | $ | 118.9 |  |  | $ | 121.1 |  |  | $ | 127.5 |
(a) | For the year ended December 31, 2022, operating profit includes a loss on divestiture of asbestos-related assets and liabilities of $162.4 million and net restructuring charges of $10.4 million. For the year ended December 31, 2021, operating profit included a restructuring gain of $16.9 million. For the year ended December 31, 2020, operating profit included acquisition-related and integration charges of $12.9 million and net restructuring charges of $32.3 million. See Note 15, “Restructuring Charges” for discussion of the restructuring charges. |
Balance sheet items by reportable segment is set forth below:
(in millions) December 31, |  | 2022 |  | 2021
Goodwill: |  |  |  |
Aerospace & Electronics |  | $ | 202.3 |  |  | $ | 202.5 |
Process Flow Technologies |  | 317.3 |  |  | 349.4 |
Payment & Merchandising Technologies |  | 836.6 |  | 860.6
Engineered Materials |  | 171.3 |  |  | 171.3 |
TOTAL GOODWILL |  | $ | 1,527.5 |  |  | $ | 1,583.8 |
Assets: |  |  |  |
Aerospace & Electronics |  | $ | 663.3 |  |  | $ | 604.7 |
Process Flow Technologies |  | 1,064.7 |  |  | 1,240.4 |
Payment & Merchandising Technologies |  | 2,125.9 |  |  | 2,096.5 |
Engineered Materials |  | 218.6 |  |  | 220.5 |
Corporate |  | 317.7 |  |  | 324.5 |
TOTAL ASSETS |  | $ | 4,390.2 |  |  | $ | 4,486.6 |
Revenue from External Customers by Geographic Areas | Net sales by geographic region:
(in millions) December 31, |  | 2022 |  | 2021 |  | 2020
Net sales (a) |  |  |  |  |  |
United States |  | $ | 1,990.4 |  |  | $ | 1,858.1 |  |  | $ | 1,862.7 |
Canada |  | 183.3 |  |  | 293.6 |  |  | 162.9 |
United Kingdom |  | 131.9 |  |  | 140.9 |  |  | 270.9 |
Continental Europe |  | 475.8 |  |  | 411.2 |  |  | 480.1 |
Other international |  | 593.5 |  |  | 704.2 |  |  | 160.3 |
TOTAL NET SALES |  | $ | 3,374.9 |  |  | $ | 3,408.0 |  |  | $ | 2,936.9 |
(a) | Net sales by geographic region are based on the destination of the sale.
Long-lived assets by geographic region:
(in millions) December 31, |  | 2022 |  | 2021
Long-lived assets (a) |  |  |  |
United States |  | $ | 310.3 |  |  | $ | 324.4 |
Canada |  | 0.8 |  |  | 18.2 |
Europe |  | 213.4 |  |  | 231.3 |
Other international |  | 66.3 |  |  | 62.8 |
Corporate |  | 11.6 |  |  | 15.6 |
TOTAL LONG-LIVED ASSETS |  | $ | 602.4 |  |  | $ | 652.3 |
(a) | Long-lived assets, net by geographic region are based on the location of the business unit.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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