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Revenue (Tables)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from External Customers by Products and Services
The following table presents net sales disaggregated by product line for each segment:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2020
 
2019
 
2020
 
2019
Fluid Handling
 
 
 
 
 
 
 
 
Process Valves and Related Products
 
$
153.9

 
$
163.3

 
$
471.7

 
$
513.7

Commercial Valves
 
76.1

 
88.8

 
210.3

 
253.2

Pumps and Systems
 
22.3

 
24.0

 
66.2

 
73.5

Total Fluid Handling
 
$
252.3

 
$
276.1

 
$
748.2

 
$
840.4

 
 
 
 
 
 
 
 
 
Payment & Merchandising Technologies
 
 
 
 
 
 
 
 
Payment Acceptance and Dispensing Products 1
 
$
161.6

 
$
197.0

 
$
505.7

 
$
604.7

Banknotes and Security Products
 
115.6

 
51.9

 
316.4

 
239.0

Total Payment & Merchandising Technologies
 
$
277.2

 
$
248.9

 
$
822.1

 
$
843.7

 
 
 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
 
 
 
Commercial Original Equipment
 
$
47.5

 
$
85.9

 
$
180.0

 
$
267.6

Military and Other Original Equipment
 
70.9

 
55.4

 
196.8

 
162.3

Commercial Aftermarket Products
 
20.2

 
41.8

 
74.4

 
121.4

Military Aftermarket Products
 
18.4

 
14.1

 
56.1

 
45.0

Total Aerospace & Electronics
 
$
157.0

 
$
197.2

 
$
507.3

 
$
596.3

 
 
 
 
 
 
 
 
 
Engineered Materials
 
 
 
 
 
 
 
 
FRP - Recreational Vehicles
 
$
21.9

 
$
19.7

 
$
50.6

 
$
68.4

FRP - Building Products
 
20.2

 
22.8

 
64.4

 
70.5

FRP - Transportation
 
6.2

 
7.6

 
17.9

 
26.3

Total Engineered Materials
 
$
48.3

 
$
50.1

 
$
132.9

 
$
165.2

 
 
 
 
 
 
 
 
 
Total net sales
 
$
734.8

 
$
772.3

 
$
2,210.5

 
$
2,445.6


Contract with Customer, Asset and Liability

(in millions)
September 30, 2020
 
December 31, 2019
Contract assets
$
74.5

 
$
55.8

Contract liabilities
$
79.0

 
$
88.4