Revenue (Tables)

9 Months Ended

Sep. 30, 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				Nine Months Ended
	September 30,				September 30,
(in millions)	2022		2021		2022		2021
Aerospace & Electronics
Commercial Original Equipment	$	63.7	$	62.2	$	182.9	$	170.5
Military and Other Original Equipment	57.1		58.4		171.5		184.0
Commercial Aftermarket Products	34.8		30.2		92.5		75.1
Military Aftermarket Products	11.6		17.8		38.9		50.6
Total Aerospace & Electronics	$	167.2	$	168.6	$	485.8	$	480.2
Process Flow Technologies
Process Valves and Related Products	$	186.2	$	176.6	$	555.8	$	535.4
Commercial Valves	30.4		95.8		205.8		283.3
Pumps and Systems	33.4		26.7		95.8		79.2
Total Process Flow Technologies	$	250.0	$	299.1	$	857.4	$	897.9
Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products	$	220.8	$	206.0	$	643.2	$	588.3
Banknotes and Security Products	114.3		159.8		358.5		443.1
Total Payment & Merchandising Technologies	$	335.1	$	365.8	$	1,001.7	$	1,031.4
Engineered Materials
FRP - Recreational Vehicles	$	24.9	$	28.9	$	92.8	$	78.1
FRP - Building Products	29.0		23.7		88.2		72.0
FRP - Transportation	8.9		7.7		24.9		23.2
Total Engineered Materials	62.8		60.3		205.9		173.3
Net sales	$	815.1	$	893.8	$	2,550.8	$	2,582.8

Contract with Customer, Asset and Liability

Net contract assets and contract liabilities consisted of the following:

(in millions)	September 30, 2022		December 31, 2021
Contract assets	$	85.9	$	73.0
Contract liabilities	$	117.6	$	101.1