Segment Information (Tables)

9 Months Ended

Sep. 29, 2023

Schedule of Segment Reporting Information

Segment results for the periods indicated were as follows:


	Three Months Ended				Nine Months Ended
($ in millions)	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
Sales:
Mobility Technologies	$	247.7	$	228.5	$	732.4	$	646.7
Repair Solutions(a)	160.2		152.7		500.0		466.8
Environmental & Fueling Solutions	331.6		368.5		984.7		1,072.0
Other	25.9		38.3		89.1		127.0
Total	$	765.4	$	788.0	$	2,306.2	$	2,312.5

Segment operating profit:
Mobility Technologies	$	51.4	$	54.8	$	144.0	$	138.5
Repair Solutions(b)	43.3		48.6		132.2		137.2
Environmental & Fueling Solutions	95.7		104.3		271.6		284.8
Other	2.2		1.5		8.2		9.8
Segment operating profit	192.6		209.2		556.0		570.3
Corporate & other unallocated costs(b)	(50.0)		(59.0)		(159.0)		(148.8)
Operating profit	142.6		150.2		397.0		421.5
Interest expense, net	(22.8)		(17.9)		(70.7)		(46.1)
Gain on sale of business	0.3		—		34.4		—
Gain on previously held equity interests from combination of business	—		—		—		32.7
Unrealized (loss) gain on equity securities measured at fair value	—		(65.8)		—		17.2
Other non-operating (expense) income, net	(0.2)		1.4		(1.6)		1.3
Earnings before income taxes	$	119.9	$	67.9	$	359.1	$	426.6

Depreciation expense:
Mobility Technologies	$	8.3	$	5.8	$	21.2	$	16.5
Repair Solutions	0.5		0.4		1.4		1.2
Environmental & Fueling Solutions	1.9		3.2		9.3		10.4
Other	—		—		—		0.9
Corporate	0.3		0.4		0.8		0.8
Total	$	11.0	$	9.8	$	32.7	$	29.8

(a) Includes interest income related to financing receivables of $19.7 million, $17.9 million, $58.5 million and $54.5 million for the three and nine months ended September 29, 2023 and September 30, 2022, respectively.

(b) Includes the Repair Solutions Capital Charge of $10.5 million, $10.0 million, $31.0 million and $29.8 million for the three and nine months ended September 29, 2023 and September 30, 2022, respectively.