Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment is set forth below:

(in millions) December 31,	2021		2020		2019
Net Sales:
Aerospace & Electronics	$	638.3	$	650.7	$	798.8
Process Flow Technologies	1,196.6		1,005.8		1,117.4
Payment & Merchandising Technologies	1,345.1		1,104.8		1,158.3
TOTAL NET SALES	$	3,180.0	$	2,761.3	$	3,074.5
Operating profit:
Aerospace & Electronics	$	110.0	$	100.7	$	189.4
Process Flow Technologies	182.5		97.7		131.7
Payment & Merchandising Technologies	307.5		100.6		177.3
Corporate expense — before asbestos and environmental provisions	(97.7)		(58.8)		(67.4)
Corporate expense — asbestos provision, net	—		—		(229.0)
Corporate expense — environmental provision, net	—		—		(18.9)
TOTAL OPERATING PROFIT	$	502.3	$	240.2	$	183.1
Capital expenditures:
Aerospace & Electronics	$	14.1	$	9.8	$	20.0
Process Flow Technologies	18.8		13.7		23.4
Payment & Merchandising Technologies	18.6		9.3		20.6
Corporate	0.2		0.1		0.4
TOTAL CAPITAL EXPENDITURES	$	51.7	$	32.9	$	64.4
Depreciation and amortization:
Aerospace & Electronics	$	14.7	$	14.2	$	13.5
Process Flow Technologies	22.0		21.6		14.2
Payment & Merchandising Technologies	81.3		85.9		77.1
Corporate	1.5		2.1		3.1
TOTAL DEPRECIATION AND AMORTIZATION	$	119.5	$	123.8	$	107.9

Balance sheet items by reportable segment is set forth below:

(in millions) December 31,	2021		2020
Goodwill:
Aerospace & Electronics	$	202.5	$	202.5
Process Flow Technologies	349.4		360.0
Payment & Merchandising Technologies	860.6		875.2
TOTAL GOODWILL	$	1,412.5	$	1,437.7
Assets:
Aerospace & Electronics	$	604.7	$	593.9
Process Flow Technologies	1,240.4		1,106.1
Payment & Merchandising Technologies	2,096.5		2,215.3
Corporate	324.5		482.4
Assets held for sale	220.5		217.3
TOTAL ASSETS	$	4,486.6	$	4,615.0

Revenue from External Customers by Geographic Areas

Net sales by geographic region:

(in millions) December 31,	2021		2020		2019
Net sales (a)
United States	$	1,645.4	$	1,423.2	$	1,557.0
Canada	286.9		217.1		243.1
United Kingdom	140.9		122.8		168.6
Continental Europe	406.0		362.7		465.4
Other international	700.8		635.5		640.4
TOTAL NET SALES	$	3,180.0	$	2,761.3	$	3,074.5

(a) Net sales by geographic region are based on the destination of the sale.

Long-lived assets by geographic region:

(in millions) December 31,	2021		2020
Long-lived assets (a)
United States	$	295.8	$	311.9
Canada	18.2		15.8
Europe	231.3		266.6
Other international	62.8		60.7
Corporate	15.6		22.4
TOTAL LONG-LIVED ASSETS	$	623.7	$	677.4

(a) Long-lived assets, net by geographic region are based on the location of the business unit.