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Revenue (Tables)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by Market The following table details our revenue by market for the years ended December 31, 2023, 2022 and 2021:

 

(In millions)

 

2023

 

 

2022

 

 

2021

 

Consolidated Net Sales

 

$

1,789.0

 

 

$

1,577.7

 

 

$

1,324.7

 

Commercial Aerospace

 

1,068.2

 

 

911.8

 

 

668.2

 

Space & Defense

 

 

544.8

 

 

465.2

 

 

434.9

 

Industrial

 

 

176.0

 

 

 

200.7

 

 

 

221.6

 

Schedule of Activity Related to Contract Assets The activity related to contract assets is as follows:

 

 

Composite

 

 

Engineered

 

 

 

 

(In millions)

 

Materials

 

 

Products

 

 

Total

 

Opening adjustment - January 1, 2021

 

$

7.8

 

 

$

35.3

 

 

$

43.1

 

Net revenue billed

 

 

(1.0

)

 

 

(11.6

)

 

 

(12.6

)

Balance at December 31, 2021

 

$

6.8

 

 

$

23.7

 

 

$

30.5

 

Net revenue billed

 

 

2.3

 

 

 

(0.8

)

 

 

1.5

 

Balance at December 31, 2022

 

 

9.1

 

 

 

22.9

 

 

 

32.0

 

Net revenue billed

 

 

(0.8

)

 

 

(6.1

)

 

 

(6.9

)

Balance at December 31, 2023

 

$

8.3

 

 

$

16.8

 

 

$

25.1