Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Geographic wise financial information

Geographic Financial Information:

	2019		2018
Property, Plant and Equipment, net:
United States	$	391.7	$	371.7
Americas excluding United States	28.1		13.7
Europe / Middle East / Africa	252.6		236.6
Asia-Pacific	316.8		290.1
	$	989.2	$	912.1

Segment wise financial performance

The following tables provide segment financial information and a reconciliation of segment results to consolidated results:

	2019			2018			2017
Net sales to external customers:
Mobile Industries	$	1,893.9		$	1,903.7		$	1,640.0
Process Industries	1,896.0			1,677.1			1,363.8
	$	3,789.9		$	3,580.8		$	3,003.8
Segment EBITDA:
Mobile Industries	$	284.9		$	272.2		$	209.9
Process Industries	466.6			405.7			288.6
Total EBITDA, for reportable segments	$	751.5		$	677.9		$	498.5
Corporate EBITDA	(55.4		)	(61.4		)	(48.6		)
Corporate pension-related charges (1)	4.1			(12.8		)	(18.1		)
Depreciation and amortization	(160.6		)	(146.0		)	(137.7		)
Interest expense, net	(67.2		)	(49.6		)	(34.2		)
Income before income taxes	$	472.4		$	408.1		$	259.9

⁽¹⁾ Corporate pension-related charges represent curtailments, professional fees associated with pension de-risking and actuarial (losses) and gains that resulted from the remeasurement of pension and other postretirement plan assets and obligations as a result of changes in assumptions.

	2019		2018
Assets employed at year-end:
Mobile Industries	$	2,109.9	$	1,984.5
Process Industries	2,366.7		2,211.3
Corporate (2)	383.3		249.4
	$	4,859.9	$	4,445.2

⁽²⁾ Corporate assets include corporate buildings and cash and cash equivalents.

	2019		2018		2017
Capital expenditures:
Mobile Industries	$	74.2	$	48.3	$	57.3
Process Industries	65.3		63.3		46.2
Corporate	1.1		1.0		1.2
	$	140.6	$	112.6	$	104.7
Depreciation and amortization:
Mobile Industries	$	73.6	$	73.5	$	70.9
Process Industries	86.2		71.9		66.3
Corporate	0.8		0.6		0.5
	$	160.6	$	146.0	$	137.7