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Segment Reporting
 6 Months Ended
Jan. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting
Note 18. Segment Reporting
The Company’s reportable segments are: Mobile Solutions, Industrial Solutions and Life Sciences. The organizational structure also includes Corporate and Unallocated, which includes interest expense and certain corporate expenses determined to be non-allocable to the segments, such as restructuring charges and business development expenses. The Company determines its operating segments consistent with the manner in which it manages its operations and evaluates performance for internal review and decision-making. For the three and six months ended January 31, 2023, Corporate and Unallocated also included non-recurring charges of $9.3 million and $16.9 million, see Note 19.
The Mobile Solutions segment is organized based on a combination of customers and products and consists of the Off-Road, On-Road and Aftermarket business units. Within these business units, products consist of replacement filters for both air and liquid filtration applications and filtration housings for new equipment production and systems related to exhaust and emissions. Applications include air filtration systems, fuel, lube and hydraulic systems, emissions systems and sensors, indicators and monitoring systems. Mobile Solutions sells to original equipment manufacturers (OEMs) in the construction, mining, agriculture and transportation end markets and to independent distributors and OEM dealer networks.
The Industrial Solutions segment is organized based on product type and consists of the Industrial Air Filtration, Industrial Gasses, Industrial Hydraulics, Power Generation and Aerospace and Defense business units. Within our Industrial Solutions portfolio, the Company provides a wide product offering in the market to industrial customers consisting of equipment, ancillary components, replacement parts, performance monitoring and service globally, that cost-effectively enhances productivity and manufacturing efficiency. Industrial Air Filtration, Industrial Gasses and Industrial Hydraulics products consist of dust, fume and mist collectors, compressed air and industrial gasses purification systems, hydraulic and lubricated rotating filtration applications as well as gas and liquid filtration for industrial processes. Power Generation products consist of air inlet systems and filtration sold to gas compression, power generation and natural gas liquification industries. Aerospace and Defense products consist of air, fuel, lubrication and hydraulic filtration for fixed-wing and rotorcraft aerospace applications and ground defense vehicle and naval platforms. Industrial Solutions businesses sell through multiple channels which include OEMs, distributors and direct-to-consumer in some markets.
The Life Sciences segment is organized by end market, including the Bioprocessing, Food and Beverage, Medical Device, Vehicle Electrification, Microelectronics and Disk Drive business units. Our products include gas and liquid filtration bioprocessing equipment (including bioreactors, fermenters and filtration skids), bioprocessing consumables (including membrane chromatography devices, reagents and filters) and specialized air and gas filtration systems for hard disk drive, semiconductor and electric vehicle applications. Life Sciences primarily sells to large OEMs and directly to various end users requiring cell growth, separation, purification, high purity filtration and device protection.
The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations and sharing of assets. Therefore, the Company does not represent that these segments, if operated independently, would report earnings before income taxes and other financial information as stated below.
Segment details were as follows (in millions):
Three Months Ended
January 31,		Six Months Ended
January 31,
2024202320242023
Net sales
Mobile Solutions$550.3 $522.5 $1,090.3 $1,077.4 
Industrial Solutions263.4 246.4 509.6 476.0 
Life Sciences63.0 59.4 123.1 122.2 
Total Company$876.7 $828.3 $1,723.0 $1,675.6 
Earnings (loss) before income taxes
Mobile Solutions$99.2 $78.6 $191.4 $158.9 
Industrial Solutions47.4 46.3 90.7 83.9 
Life Sciences(5.8)6.3 (10.0)17.1 
Corporate and unallocated(11.8)(17.9)(20.2)(30.1)
Total Company$129.0 $113.3 $251.9 $229.8 
Assets by segment were as follows (in millions):
January 31, 2024July 31, 2023
Mobile Solutions$1,276.8 $1,243.8 
Industrial Solutions792.6 788.1 
Life Sciences513.5 513.8 
Corporate and unallocated200.6 224.8 
Total assets$2,783.5 $2,770.5 
Net sales by business unit were as follows (in millions):
Three Months Ended
January 31,		Six Months Ended
January 31,
2024202320242023
Mobile Solutions segment
Off-Road$91.9 $106.2 $186.6 $209.8 
On-Road33.5 34.5 71.3 70.5 
Aftermarket424.9 381.8 832.4 797.1 
Total Mobile Solutions segment550.3 522.5 1,090.3 1,077.4 
Industrial Solutions segment
Industrial Filtration Solutions224.5 211.8 435.1 407.8 
Aerospace and Defense38.9 34.6 74.5 68.2 
Total Industrial Solutions segment263.4 246.4 509.6 476.0 
Life Sciences segment
Total Life Sciences segment63.0 59.4 123.1 122.2 
Total Company$876.7 $828.3 $1,723.0 $1,675.6 
Concentrations
There were no customers that accounted for over 10% of net sales for the three and six months ended January 31, 2024 or 2023. There were no customers that accounted for over 10% of gross accounts receivable as of January 31, 2024 or July 31, 2023.