Operating Segments and Related Disclosures (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Selected Financial Information for Each Reportable Segment

The following table presents selected financial information for each reportable segment:

	Year Ended December 31,
	2021		2020		2019
	(In millions)
Net Sales:
Aerospace and Defense	$	2,179.3	$	2,069.4	$	1,974.0
Real Estate	8.7		3.3		7.5
Total Net Sales	$	2,188.0	$	2,072.7	$	1,981.5
Segment Performance:
Aerospace and Defense	$	282.3	$	264.2	$	249.1
Environmental remediation provision adjustments	(3.8)		(2.7)		(1.9)
GAAP/CAS retirement benefits expense difference	11.5		14.7		22.4
Unusual items	(4.1)		(0.6)		(0.3)
Aerospace and Defense Total	285.9		275.6		269.3
Real Estate	2.9		(1.8)		2.1
Total Segment Performance	$	288.8	$	273.8	$	271.4
Reconciliation of segment performance to income before income taxes:
Segment performance	$	288.8	$	273.8	$	271.4
Interest expense	(20.1)		(30.1)		(35.7)
Interest income	2.5		6.3		15.5
Stock-based compensation	(20.7)		(31.4)		(27.3)
Corporate retirement benefits expense	(6.6)		(7.5)		(7.2)
Corporate and other	(23.6)		(23.4)		(24.8)
Unusual items	(25.3)		(7.5)		—
Income before income taxes	$	195.0	$	180.2	$	191.9
Aerospace and Defense	$	37.3	$	54.6	$	42.9
Real Estate	—		—		—
Corporate	—		—		1.0
Capital Expenditures	$	37.3	$	54.6	$	43.9
Aerospace and Defense	$	60.5	$	64.2	$	72.9
Real Estate	0.7		0.8		1.2
Corporate	0.2		0.3		0.4
Depreciation and Amortization	$	61.4	$	65.3	$	74.5

	As of December 31,
	2021		2020
	(In millions)
Assets:
Aerospace and Defense	$	1,499.5	$	1,484.9
Real Estate	135.1		133.9
Operating segment assets	1,634.6		1,618.8
Corporate	799.0		1,281.1
Total Assets	$	2,433.6	$	2,899.9