Revenue (Tables)

12 Months Ended

Dec. 31, 2021

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,	2021		2020		2019
Aerospace & Electronics
Commercial Original Equipment	$	229.4	$	226.4	$	357.2
Military Original Equipment	239.7		258.7		217.2
Commercial Aftermarket Products	104.5		93.0		161.4
Military Aftermarket Products	64.7		72.6		63.0
Total Aerospace & Electronics	$	638.3	$	650.7	$	798.8
Process Flow Technologies
Process Valves and Related Products	$	717.1	$	631.6	$	685.1
Commercial Valves	374.2		286.3		332.1
Pumps and Systems	105.3		87.9		100.2
Total Process Flow Technologies	$	1,196.6	$	1,005.8	$	1,117.4
Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products	$	805.7	$	670.8	$	805.5
Banknotes and Security Products	539.4		434.0		352.8
Total Payment & Merchandising Technologies	$	1,345.1	$	1,104.8	$	1,158.3
Total Net Sales	$	3,180.0	$	2,761.3	$	3,074.5

Contract with Customer, Asset and Liability

Net contract assets and contract liabilities consisted of the following:

(in millions) December 31,	2021		2020
Contract assets	$	73.0	$	66.7
Contract liabilities	$	101.1	$	103.0