Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment is set forth below:

(in millions) December 31,	2019			2018			2017
Fluid Handling
Net sales	$	1,117.4		$	1,101.8		$	1,042.5
Operating profit	131.7			118.8			101.7
Assets	941.6			878.2			941.6
Goodwill	240.9			240.8			245.4
Capital expenditures	23.4			19.9			14.7
Depreciation and amortization	14.2			15.2			16.2
Payment & Merchandising Technologies
Net sales	$	1,158.3		$	1,257.0		$	776.7
Operating profit	177.3			186.0			145.9
Assets	2,303.4			2,074.4			1,215.7
Goodwill	857.8			789.2			587.7
Capital expenditures	20.6			57.5			14.2
Depreciation and amortization	77.1			82.4			34.2
Aerospace & Electronics
Net sales	$	798.8		$	743.5		$	691.4
Operating profit	189.4			164.2			160.3
Assets	638.1			603.9			573.0
Goodwill	202.4			202.4			202.4
Capital expenditures	20.0			20.6			16.7
Depreciation and amortization	13.5			13.0			14.0
Engineered Materials
Net sales	$	208.6		$	243.2		$	275.4
Operating profit	26.8			37.8			49.4
Assets	219.6			222.1			220.8
Goodwill	171.3			171.3			171.4
Capital expenditures	4.4			10.3			3.1
Depreciation and amortization	5.6			6.4			6.7
TOTAL NET SALES	$	3,283.1		$	3,345.5		$	2,786.0
Operating profit (loss)
Reporting segments	$	525.2		$	506.8		$	457.3
Corporate expense — before asbestos and environmental provisions	(66.9		)	(65.5		)	(68.9		)
Corporate expense — asbestos provision, net	(229.0		)	—			—
Corporate expense — environmental provision, net	(18.9		)	—			—
TOTAL OPERATING PROFIT	$	210.4		$	441.3		$	388.4
Interest income	2.7			2.3			2.5
Interest expense	(46.8		)	(50.9		)	(36.1		)
Miscellaneous income, net	4.4			18.7			12.7
INCOME BEFORE INCOME TAXES	$	170.7		$	411.4		$	367.5
Assets
Reporting segments	$	4,102.7		$	3,778.6		$	2,951.1
Corporate	321.0			264.1			642.4
TOTAL ASSETS	$	4,423.7		$	4,042.7		$	3,593.5
TOTAL GOODWILL (Reporting segments)	$	1,472.4		$	1,403.7		$	1,206.9
Capital expenditures
Reporting segments	$	68.4		$	108.3		$	48.7
Corporate	0.4			0.5			0.3
TOTAL CAPITAL EXPENDITURES	$	68.8		$	108.8		$	49.0
Depreciation and amortization
Reporting segments	$	110.4		$	117.0		$	71.1
Corporate	3.1			3.0			1.6
TOTAL DEPRECIATION AND AMORTIZATION	$	113.5		$	120.0		$	72.7

Revenue from External Customers by Geographic Areas

Information by geographic region:

(in millions) December 31,	2019		2018		2017
Net sales (a)
United States	$	2,111.3	$	2,107.2	$	1,767.3
Canada	176.8		172.3		169.0
United Kingdom	393.6		397.5		388.2
Continental Europe	410.1		484.2		268.6
Other international	191.3		184.3		192.9
TOTAL NET SALES	$	3,283.1	$	3,345.5	$	2,786.0
Assets (a)
United States	$	2,139.7	$	1,866.5	$	1,645.3
Canada	211.8		206.2		170.0
Europe	963.6		897.7		702.9
Other international	787.6		808.2		432.9
Corporate	321.0		264.1		642.4
TOTAL ASSETS	$	4,423.7	$	4,042.7	$	3,593.5
Tangible Assets (a)
United States	$	635.9	$	442.3	$	645.8
Canada	159.3		156.3		115.8
Europe	698.7		646.8		436.6
Other international	631.3		648.2		269.2
Corporate	321.0		264.1		642.4
TOTAL TANGIBLE ASSETS	$	2,446.2	$	2,157.7	$	2,109.8

(a) Net sales and assets by geographic region are based on the location of the business unit.