Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Information

The following table presents information about our reportable segments, reconciled to consolidated totals:

	Three Months Ended March 31,
( $ in millions)	2021		2020
Net sales:
Proprietary Products	$	543.7	$	373.5
Contract-Manufactured Products	127.1		118.1
Intersegment sales elimination	(0.1)		(0.1)
Consolidated net sales	$	670.7	$	491.5

The intersegment sales elimination, which is required for the presentation of consolidated net sales, represents the elimination of components sold between our segments.

The following table provides summarized financial information for our segments:

	Three Months Ended March 31,
($ in millions)	2021		2020
Proprietary Products	$	182.6	$	93.2
Contract-Manufactured Products	16.4		12.8
Total business segment operating profit	$	199.0	$	106.0
Corporate and Unallocated
Stock-based compensation expense	$	(5.9)	$	(5.4)
Corporate general costs(1)	(13.9)		(12.6)
Unallocated Items:
Restructuring and related charges	(1.2)		—
Amortization of Acquisition-related Intangible Assets(2)	(0.2)		—
Cost investment impairment	(2.2)		—
Total Corporate and Unallocated	(23.4)		(18.0)
Total consolidated operating profit	$	175.6	$	88.0
Other expense, net	0.7		1.5
Income before income taxes	$	174.9	$	86.5

(1) Corporate general costs includes executive and director compensation, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments.

(2) The Company recorded $0.2 million of amortization expense within operating profit associated with an intangible asset acquired during the second quarter of 2020.