Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Financial Information by Reportable Segment

Financial information by reportable segment is as follows:

	Three months ended				Nine months ended
In millions	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Net sales
Consumer Solutions	$	470.8	$	377.0	$	1,260.8	$	1,172.3
Industrial & Flow Technologies	327.4		336.2		960.1		1,028.6
Other	0.3		0.4		0.9		1.1
Consolidated	$	798.5	$	713.6	$	2,221.8	$	2,202.0
Segment income (loss)
Consumer Solutions	$	113.8	$	81.9	$	295.3	$	266.1
Industrial & Flow Technologies	42.7		55.9		131.5		156.6
Other	(16.0)		(15.0)		(50.1)		(47.1)
Consolidated	$	140.5	$	122.8	$	376.7	$	375.6

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents a reconciliation of consolidated segment income to consolidated income from continuing operations before income taxes:

	Three months ended				Nine months ended
In millions	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Segment income	$	140.5	$	122.8	$	376.7	$	375.6
Deal-related costs and expenses	—		—		(0.4)		(4.2)
Inventory step-up	—		—		—		(2.2)
Restructuring and other	(2.1)		(5.9)		(5.6)		(13.7)
Intangible amortization	(6.9)		(7.6)		(21.5)		(24.1)
Pension settlement (loss) gain	—		(0.4)		—		11.8
Asset impairment	—		—		—		(18.2)
(Loss) gain on sale of businesses	—		(0.1)		(0.1)		3.3
COVID-19 related costs and expenses	(2.6)		—		(8.3)		—
Net interest expense	(5.4)		(6.9)		(20.0)		(23.6)
Other income (expense)	1.7		(0.7)		0.6		(3.1)
Income from continuing operations before income taxes	$	125.2	$	101.2	$	321.4	$	301.6