Revenue (Tables)

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents net sales disaggregated by product line for each segment:

(in millions) December 31,	2020		2019		2018
Fluid Handling
Process Valves and Related Products	$	631.6	$	685.1	$	685.4
Commercial Valves	286.3		332.1		325.4
Pumps and Systems	87.9		100.2		91.0
Total Fluid Handling	$	1,005.8	$	1,117.4	$	1,101.8
Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products (a)	$	670.8	$	805.5	$	798.8
Banknotes and Security Products	434.0		352.8		458.2
Total Payment & Merchandising Technologies	$	1,104.8	$	1,158.3	$	1,257.0
Aerospace & Electronics
Commercial Original Equipment	$	226.4	$	357.2	$	343.4
Military Original Equipment	258.7		217.2		195.7
Commercial Aftermarket Products	93.0		161.4		150.5
Military Aftermarket Products	72.6		63.0		53.9
Total Aerospace & Electronics	$	650.7	$	798.8	$	743.5
Engineered Materials
FRP - Recreational Vehicles	$	68.9	$	84.5	$	119.0
FRP - Building Products	83.1		91.9		92.2
FRP - Transportation	23.6		32.2		32.0
Total Engineered Materials	$	175.6	$	208.6	$	243.2
Total Net Sales	$	2,936.9	$	3,283.1	$	3,345.5

Contract with Customer, Asset and Liability

Net contract assets and contract liabilities consisted of the following:

(in millions) December 31,	2020		2019
Contract assets	$	66.7	$	55.8
Contract liabilities	$	103.0	$	88.4