Revenue (Tables)

3 Months Ended

Mar. 31, 2022

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
	March 31,
(in millions)	2022		2021
Aerospace & Electronics
Commercial Original Equipment	$	58.7	$	54.7
Military and Other Original Equipment	57.4		62.8
Commercial Aftermarket Products	28.6		19.5
Military Aftermarket Products	12.5		17.1
Total Aerospace & Electronics	$	157.2	$	154.1
Process Flow Technologies
Process Valves and Related Products	$	182.9	$	174.5
Commercial Valves	98.2		89.2
Pumps and Systems	30.2		24.3
Total Process Flow Technologies	$	311.3	$	288.0
Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products	$	211.0	$	185.0
Banknotes and Security Products	121.6		152.5
Total Payment & Merchandising Technologies	$	332.6	$	337.5
Net sales	$	801.1	$	779.6

Contract with Customer, Asset and Liability

Net contract assets and contract liabilities consisted of the following:

(in millions)	March 31, 2022		December 31, 2021
Contract assets	$	78.0	$	73.0
Contract liabilities	$	96.5	$	101.1