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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Financial Information by Reportable Business Segment
Financial information by reportable segment is included in the following summary:
Net salesSegment income (loss)
In millions202320222021202320222021
Enclosures$1,605.9 $1,503.7 $1,244.8 $346.6 $256.0 $202.1 
Electrical & Fastening Solutions1,063.0 791.4 657.5 330.6 219.9 181.5 
Thermal Management594.7 613.9 559.7 138.5 140.8 121.2 
Other— — — (95.1)(93.1)(69.0)
Consolidated$3,263.6 $2,909.0 $2,462.0 $720.6 $523.6 $435.8 
No customer accounted for more than 10% of net sales in 2023, 2022 or 2021.
Identifiable assetsDepreciation
In millions202320222021202320222021
Enclosures$1,319.3 $1,206.6 $1,192.9 $22.4 $20.5 $19.4 
Electrical & Fastening Solutions3,242.1 2,101.0 2,121.6 16.3 10.5 10.1 
Thermal Management1,245.2 1,257.7 1,275.3 8.0 7.4 7.2 
Other355.1 336.9 84.4 5.0 5.1 4.2 
Consolidated$6,161.7 $4,902.2 $4,674.2 $51.7 $43.5 $40.9 
Capital expenditures
In millions202320222021
Enclosures$38.1 $20.5 $18.3 
Electrical & Fastening Solutions20.7 12.9 11.6 
Thermal Management5.4 5.4 5.3 
Other6.8 7.1 4.3 
Consolidated$71.0 $45.9 $39.5 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table presents a reconciliation of consolidated segment income to consolidated income before income taxes for the years ended December 31:
In millions202320222021
Segment income$720.6 $523.6 $435.8 
Loss on early extinguishment of debt— — (15.2)
Restructuring and other(12.8)(11.7)(8.8)
Intangible amortization(89.7)(70.7)(67.5)
Pension and other post-retirement mark-to-market (loss) gain(13.9)66.3 15.1 
Acquisition transaction and integration costs(13.0)(0.8)(4.1)
Inventory step-up amortization(17.7)— — 
Gain on sale of investment10.3 — — 
Interest expense, net(79.4)(31.2)(32.3)
Other income (expense)(4.9)(2.9)(2.3)
Income before income taxes$499.5 $472.6 $320.7