Business Segments (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Information on Company's Business Segments

Information on the Company’s business segments is presented below based on the nature of the products and services offered. The Company evaluates its performance based on several factors, of which sales, operating income and operating margin are the primary financial measures. Intersegment sales are accounted for at fair value as if the sales were to third parties.

	Three Months Ended March 31,
	2022		2021
Net sales
Fluid & Metering Technologies
External customers	$	271.9	$	243.0
Intersegment sales	0.1		0.3
Total segment sales	272.0		243.3
Health & Science Technologies
External customers	314.6		249.5
Intersegment sales	0.6		0.9
Total segment sales	315.2		250.4
Fire & Safety/Diversified Products
External customers	164.6		159.5
Intersegment sales	0.1		—
Total segment sales	164.7		159.5
Intersegment elimination	(0.8)		(1.2)
Total net sales	$	751.1	$	652.0
Operating income (loss) (1)
Fluid & Metering Technologies	$	80.4	$	62.9
Health & Science Technologies	83.6		66.6
Fire & Safety/Diversified Products	40.5		44.6
Corporate office and other	(16.9)		(18.6)
Total operating income	$	187.6	$	155.5

	March 31, 2022		December 31, 2021
Assets
Fluid & Metering Technologies	$	1,635.6	$	1,458.8
Health & Science Technologies	2,182.6		2,138.3
Fire & Safety/Diversified Products	905.2		892.5
Corporate office and other	276.3		427.6
Total assets	$	4,999.7	$	4,917.2

(1) Segment operating income (loss) excludes net unallocated corporate operating expenses.