Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Sales by Significant Product Group

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

	Three Months Ended March 31,
( $ in millions)	2022		2021
Net sales:
Proprietary Products	$	601.3	$	543.7
Contract-Manufactured Products	118.7		127.1
Intersegment sales elimination	—		(0.1)
Consolidated net sales	$	720.0	$	670.7

Schedule of Segment Reporting Information, by Segment

The following table provides summarized financial information for our segments:

	Three Months Ended March 31,
($ in millions)	2022		2021
Proprietary Products	$	193.4	$	182.6
Contract-Manufactured Products	19.1		16.4
Total business segment operating profit	$	212.5	$	199.0
Corporate and Unallocated
Stock-based compensation expense	$	(5.5)	$	(5.9)
Corporate general costs(1)	(17.1)		(13.9)
Unallocated Items:
Restructuring and related charges	—		(1.2)
Amortization of acquisition-related intangible assets(2)	(0.2)		(0.2)
Cost investment impairment	—		(2.2)
Total Corporate and Unallocated	(22.8)		(23.4)
Total consolidated operating profit	$	189.7	$	175.6
Other expense, net	1.9		0.7
Income before income taxes	$	187.8	$	174.9

(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) During the three months ended March 31, 2022 and 2021, we recorded $0.2 million of amortization expense within operating profit associated with an intangible asset acquired during the second quarter of 2020.