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Segment Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
 
Prior to the completion of the Merger, we operated in two reporting segments: Advanced Materials & Structures and Engineered Papers. Effective with the Merger, the Company reassessed its reporting segments. Management concluded that it has two operating product line segments that are also the reporting segments for financial reporting purposes: Advanced Technical Materials and Fiber-Based Solutions. ATM is comprised of the legacy SWM Advanced Materials & Structures segment and FBS is comprised of the legacy Engineered Papers segment. As such, there were no changes to the historical results of these segments. The merged Neenah segments have been allocated to ATM and FBS based on performance, market focus, technologies, and reporting structure.

The ATM segment provides solutions that filter and purify air and liquids, supports adhesive and protective applications, advances healing and wellness, and solves some of material science’s most demanding performance needs across a number of categories. The FBS segment leverages the company’s extensive natural fiber capabilities to provide specialty solutions for various end-uses, including sustainable packaging, imaging and communications, home and office, consumer goods, and other applications.

Information about Net Sales and Operating Profit

The Company primarily evaluates segment performance and allocates resources based on operating profit. General corporate expenses that do not directly support the operations of the business segments are unallocated expenses. Assets are managed on a total company basis and are therefore not disclosed at the segment level.
Net sales and operating profit by segments were (in millions):
Net Sales
Years Ended December 31,
202220212020
ATM$1,396.2 64.4 %$930.7 64.6 %$543.5 50.6 %
FBS771.2 35.6 %509.3 35.4 %530.9 49.4 %
Consolidated$2,167.4 100.0 %$1,440.0 100.0 %$1,074.4 100.0 %
Operating Profit
Years Ended December 31,
202220212020
ATM$98.8 192.2 %$61.6 73.9 %$64.8 50.3 %
FBS106.6 207.4 %100.5 120.6 %116.8 90.7 %
Unallocated(154.0)(299.6)%(78.8)(94.6)%(52.8)(41.0)%
Consolidated$51.4 100.0 %$83.3 100.0 %$128.8 100.0 %

Capital spending and depreciation by segments were (in millions):

Capital SpendingDepreciation
Years Ended December 31,Years Ended December 31,
202220212020202220212020
ATM$37.2 $19.5 $14.5 $38.3 $25.9 $14.5 
FBS19.1 16.4 15.5 32.4 21.7 27.5 
Unallocated0.6 — 0.1 0.5 0.2 0.2 
Consolidated$56.9 $35.9 $30.1 $71.2 $47.8 $42.2 

Information about Geographic Areas

Long-lived assets by geographic area were as follows (in millions):
December 31,
20222021
U.S.$425.8 $173.9 
France180.7 169.1 
Germany138.5 — 
U.K.55.5 65.4 
Brazil15.4 15.3 
Poland8.3 10.4 
Other foreign countries83.9 43.7 
Consolidated$908.1 $477.8