Business Segments (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net sales
Fluid & Metering Technologies
External customers	$	307.4	$	251.3	$	878.8	$	745.2
Intersegment sales	0.2		—		0.7		0.7
Total segment sales	307.6		251.3		879.5		745.9
Health & Science Technologies
External customers	344.3		301.6		984.3		825.4
Intersegment sales	0.7		0.7		1.9		2.3
Total segment sales	345.0		302.3		986.2		827.7
Fire & Safety/Diversified Products
External customers	172.3		159.1		508.1		479.4
Intersegment sales	0.1		—		0.2		—
Total segment sales	172.4		159.1		508.3		479.4
Intersegment elimination	(1.0)		(0.7)		(2.8)		(3.0)
Total net sales	$	824.0	$	712.0	$	2,371.2	$	2,050.0
Operating income (loss) (1)
Fluid & Metering Technologies	$	94.5	$	69.0	$	257.8	$	195.4
Health & Science Technologies	85.6		70.4		255.7		213.0
Fire & Safety/Diversified Products	43.6		39.1		124.0		126.5
Corporate office and other	(21.5)		(17.3)		(61.1)		(59.9)
Total operating income	$	202.2	$	161.2	$	576.4	$	475.0

	September 30, 2022		December 31, 2021
Assets
Fluid & Metering Technologies	$	1,708.9	$	1,458.8
Health & Science Technologies	2,069.2		2,138.3
Fire & Safety/Diversified Products	885.1		892.5
Corporate office and other	229.4		427.6
Total assets	$	4,892.6	$	4,917.2

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