Business Segments (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net sales
Fluid & Metering Technologies
External customers	$	299.5	$	250.9	$	571.4	$	493.9
Intersegment sales	0.4		0.4		0.5		0.7
Total segment sales	299.9		251.3		571.9		494.6
Health & Science Technologies
External customers	325.4		274.3		640.0		523.8
Intersegment sales	0.6		0.7		1.2		1.6
Total segment sales	326.0		275.0		641.2		525.4
Fire & Safety/Diversified Products
External customers	171.2		160.8		335.8		320.3
Intersegment sales	—		—		0.1		—
Total segment sales	171.2		160.8		335.9		320.3
Intersegment elimination	(1.0)		(1.1)		(1.8)		(2.3)
Total net sales	$	796.1	$	686.0	$	1,547.2	$	1,338.0
Operating income (loss) (1)
Fluid & Metering Technologies	$	82.9	$	63.5	$	163.3	$	126.4
Health & Science Technologies	86.5		76.0		170.1		142.6
Fire & Safety/Diversified Products	39.9		42.8		80.4		87.4
Corporate office and other	(22.7)		(24.0)		(39.6)		(42.6)
Total operating income	$	186.6	$	158.3	$	374.2	$	313.8

	June 30, 2022		December 31, 2021
Assets
Fluid & Metering Technologies	$	1,742.6	$	1,458.8
Health & Science Technologies	2,119.9		2,138.3
Fire & Safety/Diversified Products	906.2		892.5
Corporate office and other	144.1		427.6
Total assets	$	4,912.8	$	4,917.2

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