Revenue (Tables)

9 Months Ended

Sep. 30, 2021

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)	2021		2020		2021		2020
Aerospace & Electronics
Commercial Original Equipment	$	62.2	$	47.5	$	170.5	$	180.0
Military and Other Original Equipment	58.4		70.9		184.0		196.8
Commercial Aftermarket Products	30.2		20.2		75.1		74.4
Military Aftermarket Products	17.8		18.4		50.6		56.1
Total Aerospace & Electronics	$	168.6	$	157.0	$	480.2	$	507.3
Process Flow Technologies
Process Valves and Related Products	$	176.6	$	153.9	$	535.4	$	471.7
Commercial Valves	95.8		76.1		283.3		210.3
Pumps and Systems	26.7		22.3		79.2		66.2
Total Process Flow Technologies	$	299.1	$	252.3	$	897.9	$	748.2
Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products	$	206.0	$	161.6	$	588.3	$	505.7
Banknotes and Security Products	159.8		115.6		443.1		316.4
Total Payment & Merchandising Technologies	$	365.8	$	277.2	$	1,031.4	$	822.1
Net sales	$	833.5	$	686.5	$	2,409.5	$	2,077.6

Contract with Customer, Asset and Liability

Net contract assets and contract liabilities consisted of the following:

(in millions)	September 30, 2021		December 31, 2020
Contract assets	$	74.6	$	66.7
Contract liabilities	$	87.5	$	103.0