Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment is set forth below:


(in millions) December 31,	2020		2019		2018
Fluid Handling
Net sales	$	1,005.8	$	1,117.4	$	1,101.8
Operating profit	97.7		131.7		118.8
Assets	1,106.1		941.6		878.2
Goodwill	360.0		240.9		240.8
Capital expenditures	13.7		23.4		19.9
Depreciation and amortization	21.6		14.2		15.2
Payment & Merchandising Technologies
Net sales	$	1,104.8	$	1,158.3	$	1,257.0
Operating profit	100.6		177.3		186.0
Assets	2,215.3		2,303.4		2,074.4
Goodwill	875.2		857.8		789.2
Capital expenditures	9.3		20.6		57.5
Depreciation and amortization	85.9		77.1		82.4
Aerospace & Electronics
Net sales	$	650.7	$	798.8	$	743.5
Operating profit	100.7		189.4		164.2
Assets	593.9		638.1		603.9
Goodwill	202.5		202.4		202.4
Capital expenditures	9.8		20.0		20.6
Depreciation and amortization	14.2		13.5		13.0
Engineered Materials
Net sales	$	175.6	$	208.6	$	243.2
Operating profit	22.7		26.8		37.8
Assets	217.3		219.6		222.1
Goodwill	171.3		171.3		171.3
Capital expenditures	1.2		4.4		10.3
Depreciation and amortization	3.7		5.6		6.4
TOTAL NET SALES	$	2,936.9	$	3,283.1	$	3,345.5
Operating profit (loss)
Reporting segments	$	321.7	$	525.2	$	506.8
Corporate expense — before asbestos and environmental provisions	(58.8)		(66.9)		(65.5)
Corporate expense — asbestos provision, net	—		(229.0)		—
Corporate expense — environmental provision, net	—		(18.9)		—
TOTAL OPERATING PROFIT	$	262.9	$	210.4	$	441.3
Interest income	2.0		2.7		2.3
Interest expense	(55.3)		(46.8)		(50.9)
Miscellaneous income, net	14.9		4.4		18.7
INCOME BEFORE INCOME TAXES	$	224.5	$	170.7	$	411.4
Assets
Reporting segments	$	4,132.6	$	4,102.7	$	3,778.6
Corporate	456.3		321.0		264.1
TOTAL ASSETS	$	4,588.9	$	4,423.7	$	4,042.7
TOTAL GOODWILL (Reporting segments)	$	1,609.0	$	1,472.4	$	1,403.7
Capital expenditures
Reporting segments	$	34.0	$	68.4	$	108.3
Corporate	0.1		0.4		0.5
TOTAL CAPITAL EXPENDITURES	$	34.1	$	68.8	$	108.8
Depreciation and amortization
Reporting segments	$	125.4	$	110.4	$	117.0
Corporate	2.1		3.1		3.0
TOTAL DEPRECIATION AND AMORTIZATION	$	127.5	$	113.5	$	120.0

Revenue from External Customers by Geographic Areas

Information by geographic region:


(in millions) December 31,	2020		2019		2018
Net sales (a)
United States	$	1,862.7	$	2,111.3	$	2,107.2
Canada	162.9		176.8		172.3
United Kingdom	270.9		393.6		397.5
Continental Europe	480.1		410.1		484.2
Other international	160.3		191.3		184.3
TOTAL NET SALES	$	2,936.9	$	3,283.1	$	3,345.5


(in millions) December 31,	2020		2019		2018
Long-lived assets (a) (b)
United States	$	339.2	$	364.2	$	304.6
Canada	15.8		17.6		7.8
Europe	266.6		259.6		249.3
Other international	60.7		61.7		32.5
Corporate	22.4		25.8		4.9
TOTAL LONG-LIVED ASSETS	$	704.7	$	728.9	$	599.1


(a)			Net sales and Long-lived assets, net by geographic region are based on the location of the business unit.
(b)			Long-lived assets consist of property, plant and equipment, net in 2020, 2019 and 2018 and right-of-use assets, net in 2020 and 2019. There were no right-of-use assets in 2018 due to the adoption of ASC 842 on January 1, 2019.