Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of segment revenue and operating profit

Business segment information was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2021		2020		2021		2020
Revenue
JBT FoodTech	$	359.1	$	301.0	$	1,031.6	$	913.5
JBT AeroTech	118.3		118.2		339.1		374.9
Total revenue	477.4		419.2		1,370.7		1,288.4

Income before income taxes
Segment operating profit:
JBT FoodTech	48.9		37.9		141.9		127.6
JBT AeroTech	7.0		11.4		29.0		40.2
Total segment operating profit	55.9		49.3		170.9		167.8
Corporate items:
Corporate expense (1)	14.3		13.9		42.2		37.0
Restructuring expense (2)	1.1		7.1		3.1		11.2
Operating income	40.5		28.3		125.6		119.6

Pension expense, other than service cost	0.1		1.1		0.1		3.1
Interest expense, net	2.1		2.9		6.3		11.2
Income from continuing operations before income taxes	$	38.3	$	24.3	$	119.2	$	105.3

(1)Corporate expense generally includes corporate staff-related expense, stock-based compensation, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations.

(2)Refer to Note 15. Restructuring for further information on restructuring charges.