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Segment Results (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule Of Financial Information By Reportable Segment
Financial information by reportable segment is set forth below:
(in millions) Three months ended June 30, 2025
Crane Payment InnovationsSecurity and Authentication TechnologiesTotal
Net Sales$211.4 $193.0 $404.4 
Less:
Cost of operations97.5 95.5 
Selling and administrative expense41.4 41.9 
Engineering expense9.3 9.2 
Other segment items (a)
14.2 28.4 
Segment operating profit$49.0 $18.0 $67.0 
Corporate costs(19.1)
Operating profit47.9 
Interest income0.2 
Interest expense(16.4)
Miscellaneous income, net1.1 
Income before income taxes$32.8 
(in millions) Three months ended June 30, 2024
Crane Payment InnovationsSecurity and Authentication TechnologiesTotal
Net Sales$224.4 $146.2 $370.6 
Less:
Cost of operations101.879.9
Selling and administrative expense37.720.0
Engineering expense10.77.1
Other segment items (a)
12.815.2
Segment operating profit$61.4 $24.0 $85.4 
Corporate costs(17.8)
Operating profit67.6 
Interest income0.4 
Interest expense(12.4)
Miscellaneous expense, net(0.2)
Income before income taxes$55.4 
(in millions) Six months ended June 30, 2025
Crane Payment InnovationsSecurity and Authentication TechnologiesTotal
Net Sales$414.3 $320.4 $734.7 
Less:
Cost of operations189.8 154.6 
Selling and administrative expense81.2 71.4 
Engineering expense18.9 18.4 
Other segment items (a)
25.7 55.6 
Segment operating profit$98.7 $20.4 $119.1 
Corporate costs(33.9)
Operating profit85.2 
Interest income0.4 
Interest expense(27.9)
Miscellaneous income, net3.2 
Income before income taxes$60.9 
(in millions) Six months ended June 30, 2024
Crane Payment InnovationsSecurity and Authentication TechnologiesTotal
Net Sales$433.4 $250.8 $684.2 
Less:
Cost of operations196.2 137.1 
Selling and administrative expense77.6 42.6 
Engineering expense22.3 12.5 
Other segment items (a)
23.2 14.4 
Segment operating profit$114.1 $44.2 $158.3 
Corporate costs(35.3)
Operating profit123.0 
Interest income1.0 
Interest expense(22.3)
Miscellaneous income, net0.4 
Income before income taxes$102.1 
(a)
Includes other cost of operations such as manufacturing costs, amortization expenses, shipping and handling costs, and certain overhead expenses, as well as corporate allocations.
Three months ended June 30,
Six months ended June 30,
(in millions)2025202420252024
Depreciation and amortization:
Crane Payment Innovations$7.3 $7.3 $14.4 $14.7 
Security and Authentication Technologies19.2 12.4 33.1 22.8 
Corporate 0.6 0.5 1.2 1.2 
Total$27.1 $20.2 $48.7 $38.7 
Six months ended June 30,
(in millions)20252024
Capital expenditures:
Crane Payment Innovations$1.9 $3.4 
Security and Authentication Technologies13.1 14.3 
Corporate 0.3 0.1 
Total$15.3 $17.8 
Reconciliation of Segment Assets to Consolidated Assets
(in millions)June 30, 2025December 31, 2024
Assets:
Crane Payment Innovations$1,169.1 $1,187.1 
Security and Authentication Technologies1,711.5 1,178.2 
Corporate 37.1 21.2 
Total$2,917.7 $2,386.5 
Schedule Of Goodwill By Segment
(in millions)June 30, 2025December 31, 2024
Goodwill:
Crane Payment Innovations$632.0 $609.1 
Security and Authentication Technologies535.8 347.5 
Total$1,167.8 $956.6