Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

Pay versus Performance Table

Tabular disclosure for the PEO (CEO) and the average NEO (excluding the PEO) for reporting years 2022, 2021, and 2020 is shown in the table below:


Year (1) (a)	Summary Compensation Table Total for PEO (Mitchell) (2) (b)		Compensation Actually Paid to PEO (Mitchell) (3) (c)		Average Summary Compensation Table Total for Non-PEO NEOs (4) (d)		Average Compensation Actually Paid to Non-PEO NEOs (5) (e)		Value of Initial Fixed $100 Investment Based on:				Net Income (GAAP) (8) (h)		Adjusted EPS (9) (i)
Year (1) (a)	Summary Compensation Table Total for PEO (Mitchell) (2) (b)		Compensation Actually Paid to PEO (Mitchell) (3) (c)				Average Compensation Actually Paid to Non-PEO NEOs (5) (e)		Total Shareholder Return (6) (f)		Peer Group Total Shareholder Return (7) (g)		Net Income (GAAP) (8) (h)		Adjusted EPS (9) (i)

2022	$	9,316,556	$	10,823,056	$	2,368,300	$	2,520,280	$	124	$	133	$	401.1	$	7.87

2021	$	9,484,490	$	13,917,645	$	2,183,277	$	2,995,405	$	123	$	150	$	435.4	$	7.08

2020	$	6,361,666	$	2,420,223	$	1,595,008	$	1,044,106	$	92	$	118	$	181.0	$	3.84

(1)	The Pay Versus Performance table reflects required disclosures for fiscal years 2022, 2021, and 2020.

(2)	For fiscal years 2022, 2021, and 2020, Mr. Mitchell was the Principal Executive Officer (PEO) for the Company.

(3)

Compensation Actually Paid (CAP) is calculated from the PEO’s SCT compensation total, less the amounts reported in the SCT equity awards (i.e., RSUs, PRSUs, and stock options); adding the fair value as of the end of the covered fiscal year of all awards granted during the fiscal year that are outstanding and unvested as of the fiscal

year-end;

adding the amount equal to the change in fair value as of the end of the covered fiscal year, whether positive or negative, of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year; adding the amount equal to the change in fair value as of the vesting date, whether positive or negative, of any award granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year. The following table shows the relationship between SCT compensation and CAP:

PEO SCT Total to CAP Reconciliation:


Year	Salary		Bonus and Non-Equity Incentive Compensation		All Other Compensation (i)		Stock Awards		Options Awards		Change in Pension Value and Nonqualified Deferred Compensation Earnings		SCT Total		Deductions from SCT Total (ii)			Additions to SCT Total (iii)		CAP

2022	$	1,200,000	$	1,919,520	$	287,464	$	4,569,575	$	1,339,997	$	0	$	9,316,556	($	5,909,572	)	$	7,416,072	$	10,823,056

2021	$	1,177,990	$	2,880,000	$	195,104	$	3,956,400	$	1,274,996	$	0	$	9,484,490	($	5,231,396	)	$	9,664,551	$	13,917,645

2020	$	857,475	$	156,663	$	116,063	$	3,156,256	$	1,890,003	$	185,206	$	6,361,666	($	5,231,465	)	$	1,290,022	$	2,420,223

i.	Reflects the PEO’s All Other Compensation reported in the SCT for each year shown.

ii.	Represents the grant date fair value of equity-based awards granted each year and change in pension value.

iii.

Additions to the SCT Total reflect the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The equity awards were revalued using the Monte Carlo values for the PRSUs (which vest based on relative TSR) and the Black-Scholes values for the options. Because the Company includes the amount of cash dividends paid with respect to unvested TRSUs as compensation in the All Other Compensation column of the SCT, no adjustments were made for purposes of calculating CAP. Dividends or dividend equivalents do not accrue on stock options of PRSUs. There were no service cost additions to be made with respect to pension values because the Company’s pension plan was previously frozen.

Equity Reconciliation Detail for PEO


Year	Year End Fair Value of Equity Awards Granted in the Year		Year over Year Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years			Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year			Total Equity Value Included in CAP

2022	$	6,122,264	$	1,872,556		($	578,748	)	$	7,416,072

2021	$	7,744,303	$	3,173,397		($	1,253,149	)	$	9,664,551

2020	$	3,908,297	($	1,061,793	)	($	1,556,482	)	$	1,290,022

(4)

Each of the three fiscal years presented include the average SCT totals of the

Non-PEO

Named Executive Officers (NEOs) as applicable in each reporting year. Fiscal year 2022 includes: Mr. Maue, Mr. D’Iorio, Mr. Gallo, and Mr. Saak. Fiscal years 2020 and 2021 include: Mr. Maue, Mr. D’Iorio, Mr. Gallo, and Mr. Alejandro Alcala.

(5)

Average CAP is calculated by averaging the following (each year) for the

non-PEO

NEOs; SCT total, less the amounts reported in the SCT equity awards (i.e., RSUs, PRSUs, and stock options); adding the fair value as of the end of the covered fiscal year of all awards granted during the fiscal year that are outstanding and unvested as of the fiscal

year-end;

adding the amount equal to the change in fair value as of the end of the covered fiscal year, whether positive or negative, of any awards granted in the prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year; adding the amount equal to the change in fair value as of the vesting date, whether positive or negative, of any award granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year. The following table shows the relationship between SCT compensation and CAP:

Average

Non-PEO

NEOs SCT Total to CAP Reconciliation:


Year	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation (i)		Stock Awards		Options Awards		Change in Pension Value and Nonqualified Deferred Compensation Earnings		SCT Total		Deductions from SCT Total (ii)			Additions to SCT Total (iii)		CAP

2022	$	452,766	$	549,578	$	64,386	$	1,129,697	$	171,872	$	0	$	2,368,300	($	1,301,570	)	$	1,453,550	$	2,520,280

2021	$	535,698	$	773,177	$	55,676	$	618,725	$	200,002	$	0	$	2,183,277	($	818,727	)	$	1,630,855	$	2,995,405

2020	$	473,430	$	238,771	$	51,190	$	547,660	$	271,252	$	12,705	$	1,595,008	($	831,617	)	$	280,715	$	1,044,106

i.	Reflects the average of all the NEOs’ All Other Compensation reported in the SCT for each year shown.

ii.	Represents the average of the NEOs’ grant date fair value of equity-based awards granted each year and average change in pension value.

iii.

Equity Reconciliation Detail for

Non-PEO

NEOs


Year	Year End Fair Value of Equity Awards Granted in the Year		Year over Year Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years			Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year			Total Equity Value Included in CAP

2022	$	1,300,604	$	216,426		($	63,480	)	$	1,453,550

2021	$	1,206,172	$	498,361		($	73,678	)	$	1,630,855

2020	$	655,526	($	151,542	)	($	223,269	)	$	280,715

(6)	The amount represents the value of an initial fixed $100 investment in Company stock on December 31, 2019, assuming reinvestment of all dividends.

(7)

Peer group companies include those comprising the S&P 400 MidCap Capital Goods Index, which Crane also uses in its stock performance graph disclosure in the Form

10-K.

The amount represents the value of an initial fixed $100 investment in the index on December 31, 2019, assuming reinvestment of all dividends.

(8)	Represents the Company’s Net Earnings (Loss) Attributable to Crane (in millions) for each applicable fiscal year-end.

(9)	Adjusted EPS is calculated as Earnings from continuing operations per diluted share excluding special items, as used for determining annual incentive compensation awards.

Company Selected Measure Name

Adjusted EPS

Named Executive Officers, Footnote [Text Block]

Each of the three fiscal years presented include the average SCT totals of the

Non-PEO

Peer Group Issuers, Footnote [Text Block]

Peer group companies include those comprising the S&P 400 MidCap Capital Goods Index, which Crane also uses in its stock performance graph disclosure in the Form

10-K.

The amount represents the value of an initial fixed $100 investment in the index on December 31, 2019, assuming reinvestment of all dividends.

PEO Total Compensation Amount

$ 9,316,556

$ 9,484,490

$ 6,361,666

PEO Actually Paid Compensation Amount

$ 10,823,056

13,917,645

2,420,223

Adjustment To PEO Compensation, Footnote [Text Block]

PEO SCT Total to CAP Reconciliation:


Year	Salary		Bonus and Non-Equity Incentive Compensation		All Other Compensation (i)		Stock Awards		Options Awards		Change in Pension Value and Nonqualified Deferred Compensation Earnings		SCT Total		Deductions from SCT Total (ii)			Additions to SCT Total (iii)		CAP

2022	$	1,200,000	$	1,919,520	$	287,464	$	4,569,575	$	1,339,997	$	0	$	9,316,556	($	5,909,572	)	$	7,416,072	$	10,823,056

2021	$	1,177,990	$	2,880,000	$	195,104	$	3,956,400	$	1,274,996	$	0	$	9,484,490	($	5,231,396	)	$	9,664,551	$	13,917,645

2020	$	857,475	$	156,663	$	116,063	$	3,156,256	$	1,890,003	$	185,206	$	6,361,666	($	5,231,465	)	$	1,290,022	$	2,420,223

i.	Reflects the PEO’s All Other Compensation reported in the SCT for each year shown.

ii.	Represents the grant date fair value of equity-based awards granted each year and change in pension value.

iii.

Equity Reconciliation Detail for PEO


Year	Year End Fair Value of Equity Awards Granted in the Year		Year over Year Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years			Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year			Total Equity Value Included in CAP

2022	$	6,122,264	$	1,872,556		($	578,748	)	$	7,416,072

2021	$	7,744,303	$	3,173,397		($	1,253,149	)	$	9,664,551

2020	$	3,908,297	($	1,061,793	)	($	1,556,482	)	$	1,290,022

Non-PEO NEO Average Total Compensation Amount

$ 2,368,300

2,183,277

1,595,008

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,520,280

2,995,405

1,044,106

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

Average

Non-PEO

NEOs SCT Total to CAP Reconciliation:


Year	Salary		Bonus and Non-Equity Incentive Compensation		Other Compensation (i)		Stock Awards		Options Awards		Change in Pension Value and Nonqualified Deferred Compensation Earnings		SCT Total		Deductions from SCT Total (ii)			Additions to SCT Total (iii)		CAP

2022	$	452,766	$	549,578	$	64,386	$	1,129,697	$	171,872	$	0	$	2,368,300	($	1,301,570	)	$	1,453,550	$	2,520,280

2021	$	535,698	$	773,177	$	55,676	$	618,725	$	200,002	$	0	$	2,183,277	($	818,727	)	$	1,630,855	$	2,995,405

2020	$	473,430	$	238,771	$	51,190	$	547,660	$	271,252	$	12,705	$	1,595,008	($	831,617	)	$	280,715	$	1,044,106

i.	Reflects the average of all the NEOs’ All Other Compensation reported in the SCT for each year shown.

ii.	Represents the average of the NEOs’ grant date fair value of equity-based awards granted each year and average change in pension value.

iii.

Equity Reconciliation Detail for

Non-PEO

NEOs


Year	Year End Fair Value of Equity Awards Granted in the Year		Year over Year Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years			Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year			Total Equity Value Included in CAP

2022	$	1,300,604	$	216,426		($	63,480	)	$	1,453,550

2021	$	1,206,172	$	498,361		($	73,678	)	$	1,630,855

2020	$	655,526	($	151,542	)	($	223,269	)	$	280,715

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Relationship between CAP and TSR

The chart below reflects the relationship between the PEO and Average

Non-PEO

NEO CAP (per the SEC’s definition), the Company’s TSR, and the TSR Peer Group in the above table for 2020, 2021 and 2022 – the S&P 400 MidCap Capital Goods Index, which is also used to determine relative TSR performance for PRSU payouts.

Compensation Actually Paid vs. Net Income [Text Block]

Relationship between CAP and GAAP Net Income

The chart below reflects the relationship between the PEO and Average

Non-PEO

NEO CAP (per the SEC’s definition), and the Company’s GAAP Net Income in 2020, 2021 and 2022.

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Relationship between CAP and the Company-Selected Measure (Adjusted EPS)

The chart below reflects the relationship between the PEO and Average

Non-PEO

NEO CAP and the Company’s Adjusted EPS for the applicable reporting year. This metric is used to determine 75% of the earnout of annual incentive program for the PEO and other corporate NEOs and is strongly correlated to the Company’s absolute and relative stock price performance, which meaningfully impacts CAP. We consider Adjusted EPS to be among the most important financial measures used to link pay with performance in 2022 because it determines a significant portion of NEOs’ variable, and thus total, compensation each year.

Total Shareholder Return Vs Peer Group [Text Block]

Relationship between CAP and TSR

The chart below reflects the relationship between the PEO and Average

Non-PEO

Tabular List [Table Text Block]

Pay versus Performance Metrics

The table below shows, in compliance with PVP regulations, the most important metrics used to link CAP to Company performance. These measures, along with others, significantly impact annual compensation decisions and outcomes for the executive team.


Performance Metric		Impact on CAP
Adjusted EPS
Earnings from continuing operations per diluted share excluding Special Items		Determines 75% of the annual incentive payout for the PEO and other corporate NEOs

Adjusted Free Cash Flow
Cash provided by operating activities, less capital spending		Determines 25% of annual incentive payout for the PEO and other corporate NEOs

Relative Total Shareholder Return
Stock price performance versus a comparator group (S&P 400 MidCap Capital Goods Index)		Determines 100% of the PRSU payout, which represents 55% of the annual LTI grant value for the PEO and 50% for other NEOs

In addition to the metrics detailed above, compensation decisions are made each year taking into account a number of other factors. Short-term and long-term incentives are subject to formalized performance and payout curves (detailed on page 50), but fixed compensation and target incentive pay levels are set based on individual performance, scope of responsibility, and assessment of pay competitiveness within the market.

Total Shareholder Return Amount

$ 124

123

Peer Group Total Shareholder Return Amount

133

150

118

Net Income (Loss)

$ 401,100,000

$ 435,400,000

$ 181,000,000

Company Selected Measure Amount

7.87

7.08

3.84

PEO Name

Mr. Mitchell

Measure [Axis]: 1

Pay vs Performance Disclosure [Table]

Measure Name

Adjusted EPS

Non-GAAP Measure Description [Text Block]

Adjusted EPS is calculated as Earnings from continuing operations per diluted share excluding special items, as used for determining annual incentive compensation awards.

Measure [Axis]: 2

Pay vs Performance Disclosure [Table]

Measure Name

Adjusted Free Cash Flow

Measure [Axis]: 3

Pay vs Performance Disclosure [Table]

Measure Name

Relative Total Shareholder Return