SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company’s segments are reported on the same basis used by our Chief Executive Officer, who is also our chief operating decision maker, for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Motion Technologies, Industrial Process, and Connect & Control Technologies.

Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets.

Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, oil and gas, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts.

Connect & Control Technologies manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and oil and gas markets.

Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation and other administrative costs, as well as charges related to certain matters, such as asbestos and environmental liabilities, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. Assets of the segments exclude general corporate assets, which principally consist of cash, investments, asbestos-related receivables, environmental-related assets, deferred taxes, and certain property, plant and equipment.

	Revenue				Operating Income				Operating Margin
For the Three Months Ended September 30	2020		2019		2020		2019		2020		2019
Motion Technologies	$	271.8	$	304.5	$	50.4	$	56.7	18.5	%	18.6	%
Industrial Process	194.1		240.3		17.1		22.0		8.8	%	9.2	%
Connect & Control Technologies	125.9		167.9		16.4		28.4		13.0	%	16.9	%
Total segment results	591.8		712.7		83.9		107.1		14.2	%	15.0	%
Asbestos-related (costs) benefit, net	—		—		(141.4)		56.2		—		—
Eliminations / Other Corporate costs	(0.6)		(0.8)		(5.0)		(10.8)		—		—
Total Eliminations / Corporate and other costs	(0.6)		(0.8)		(146.4)		45.4		—		—
Total	$	591.2	$	711.9	$	(62.5)	$	152.5	(10.6)	%	21.4	%
	Revenue				Operating Income				Operating Margin
For the Nine Months Ended September 30	2020		2019		2020		2019		2020		2019
Motion Technologies	$	769.0	$	937.4	$	113.9	$	169.6	14.8	%	18.1	%
Industrial Process	614.7		688.6		44.5		70.2		7.2	%	10.2	%
Connect & Control Technologies	387.5		503.1		40.7		85.4		10.5	%	17.0	%
Total segment results	1,771.2		2,129.1		199.1		325.2		11.3	%	15.3	%
Asbestos-related (costs) benefit, net	—		—		(116.7)		31.8		—		—
Eliminations / Other Corporate costs	(2.0)		(1.8)		(15.1)		(27.9)		—		—
Total Eliminations / Corporate and other costs	(2.0)		(1.8)		(131.8)		3.9		—		—
Total	$	1,769.2	$	2,127.3	$	67.3	$	329.1	3.8	%	15.5	%

As of and for the Nine Months Ended September 30	Total Assets				Capital Expenditures				Depreciation & Amortization
	2020		2019(a)		2020		2019		2020		2019
Motion Technologies	$	1,142.2	$	1,178.2	$	32.0	$	44.8	$	44.5	$	42.9
Industrial Process	1,043.1		1,137.8		6.2		8.5		18.0		19.8
Connect & Control Technologies	732.2		755.6		8.4		13.4		17.5		15.9
Corporate	1,258.9		1,036.1		1.0		2.6		2.0		2.5
Total	$	4,176.4	$	4,107.7	$	47.6	$	69.3	$	82.0	$	81.1

(a)Amounts reflect balances as of December 31, 2019.