Revenue (Tables)

3 Months Ended

Mar. 31, 2023

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)	2023		2022
Aerospace & Electronics
Commercial Original Equipment	$	68.4	$	58.7
Military and Other Original Equipment	61.9		57.4
Commercial Aftermarket Products	37.9		28.6
Military Aftermarket Products	11.9		12.5
Total Aerospace & Electronics	$	180.1	$	157.2
Process Flow Technologies
Process Valves and Related Products	$	202.9	$	182.9
Commercial Valves	30.6		98.2
Pumps and Systems	37.9		30.2
Total Process Flow Technologies	$	271.4	$	311.3
Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products	$	223.8	$	211.0
Banknotes and Security Products	105.3		121.6
Total Payment & Merchandising Technologies	$	329.1	$	332.6
Engineered Materials
FRP - Recreational Vehicles	$	20.3	$	35.7
FRP - Building Products	32.3		27.4
FRP - Transportation	9.7		7.3
Total Engineered Materials	$	62.3	$	70.4
Net sales	$	842.9	$	871.5

Contract with Customer, Asset and Liability

Net contract assets and contract liabilities consisted of the following:

(in millions)	March 31, 2023		December 31, 2022
Contract assets	$	97.0	$	88.6
Contract liabilities	$	150.4	$	142.9