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| In millions, except per share items | Dec-31-22 | Dec-25-21 | Dec-26-20 | Dec-28-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Dec-26-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Piping Systems | 2,730.1 | 2,600.0 | 1,583.0 | 1,542.5 | 1,645.6 | 1,565.0 | | 1,436.7 |
| Industrial Metals | 644.7 | 703.4 | 472.2 | 554.4 | 651.1 | 602.1 | | 567.5 |
| Climate | 650.3 | 495.4 | 370.1 | 356.2 | 229.1 | 131.4 | | 110.7 |
| Total revenues [+] | 3,982.5 | 3,769.3 | 2,398.0 | 2,430.6 | 2,507.9 | 2,266.1 | 2,055.6 | 2,100.0 |
| Products | 3,982.5 | 3,769.3 | 2,398.0 | 2,430.6 | 2,507.9 | 2,266.1 | | 2,100.0 |
| Revenue growth [+] | 5.7% | 57.2% | -1.3% | -3.1% | 10.7% | 10.2% | -2.1% | -11.2% |
| Piping Systems | 5.0% | 64.2% | 2.6% | -6.3% | 5.2% | | | -11.5% |
| Industrial Metals | -8.3% | 49.0% | -14.8% | -14.9% | 8.1% | | | -14.0% |
| Climate | 31.3% | 33.8% | 3.9% | 55.5% | 74.3% | | | 11.5% |
| Cost of goods sold | 2,864.9 | 2,881.2 | 1,966.2 | 2,035.1 | 2,150.4 | 1,940.6 | 1,723.5 | 1,809.7 |
| Gross profit | 1,117.6 | 888.1 | 431.9 | 395.5 | 357.5 | 325.5 | 332.1 | 290.3 |
| Gross margin | 28.1% | 23.6% | 18.0% | 16.3% | 14.3% | 14.4% | 16.2% | 13.8% |
| Selling, general and administrative | 203.1 | 184.1 | 159.5 | 162.4 | 148.9 | 140.7 | 135.8 | 130.4 |
| Equity in earnings | 10.1 | -0.2 | -10.2 | -24.6 | -12.6 | -2.1 | 1.9 | |
| Other operating expenses | 43.7 | 103.2 | 44.8 | 43.2 | 39.6 | 33.9 | 35.1 | 38.0 |
| EBITDA [+] | 924.6 | 646.1 | 262.2 | 208.1 | 195.9 | 182.6 | 198.2 | 156.5 |
| EBITDA growth | 43.1% | 146.5% | 26.0% | 6.2% | 7.3% | -7.8% | 26.6% | -13.8% |
| EBITDA margin | 23.2% | 17.1% | 10.9% | 8.6% | 7.8% | 8.1% | 9.6% | 7.5% |
| Depreciation | 38.2 | 39.1 | 38.7 | 37.3 | 35.1 | 30.8 | 30.8 | 30.6 |
| EBITA | 886.5 | 607.0 | 223.5 | 170.7 | 160.8 | 151.8 | 167.3 | 125.9 |
| EBITA margin | 22.3% | 16.1% | 9.3% | 7.0% | 6.4% | 6.7% | 8.1% | 6.0% |
| Amortization of intangibles | 5.6 | 6.3 | 6.1 | 5.4 | 4.4 | 3.1 | 4.3 | 4.1 |
| EBIT [+] | 880.9 | 600.8 | 217.3 | 165.4 | 156.4 | 148.7 | 163.0 | 121.9 |
| EBIT growth | 46.6% | 176.4% | 31.4% | 5.7% | 5.2% | -8.8% | 33.8% | -17.5% |
| EBIT margin | 22.1% | 15.9% | 9.1% | 6.8% | 6.2% | 6.6% | 7.9% | 5.8% |
| Non-recurring items [+] | -6.4 | -54.9 | -18.3 | -1.4 | -3.9 | 0.0 | 6.8 | -15.4 |
| Asset impairment | | 2.8 | 3.8 | | | 1.5 | 6.8 | |
| Loss (gain) on sale of assets | -6.4 | | | -1.0 | -0.3 | -1.5 | | |
| Loss (gain) on sale of business | | -57.8 | | | | | | -15.4 |
| Unusual expense | | | | -0.5 | -3.7 | | | |
| Legal settlement | | | -22.1 | | | | | |
| Interest expense, net [+] | -5.6 | 7.4 | 18.1 | 25.0 | 24.6 | 18.8 | 6.2 | 6.6 |
| Interest expense | 0.8 | 7.7 | 19.2 | 25.7 | 25.2 | 19.5 | 7.4 | 7.7 |
| Interest income | 6.5 | 0.4 | 1.1 | 0.7 | 0.6 | 0.7 | 1.2 | 1.0 |
| Other income (expense), net | -16.9 | -7.2 | -8.3 | 24.2 | 14.7 | -2.9 | -4.0 | 1.2 |
| Pre-tax income | 876.0 | 641.1 | 209.2 | 166.1 | 150.4 | 127.0 | 146.0 | 131.8 |
| Income taxes | -223.3 | -165.9 | -55.3 | -35.3 | -31.0 | -37.9 | -48.1 | 43.4 |
| Tax rate | | | | | | | | 32.9% |
| Minority interest | 4.5 | 6.6 | 4.2 | 5.3 | 2.4 | 1.4 | 0.0 | 0.5 |
| Net income | 658.3 | 468.5 | 139.5 | 101.0 | 104.5 | 85.6 | 99.7 | 87.9 |
| Net margin | 16.5% | 12.4% | 5.8% | 4.2% | 4.2% | 3.8% | 4.9% | 4.2% |
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| Basic EPS [+] | $11.80 | $8.36 | $2.50 | $1.81 | $1.84 | $1.50 | $1.76 | $1.56 |
| Growth | 41.1% | 234.7% | 38.1% | -1.6% | 22.3% | -14.7% | 13.0% | -13.9% |
| Diluted EPS [+] | $11.64 | $8.25 | $2.47 | $1.79 | $1.82 | $1.49 | $1.74 | $1.54 |
| Growth | 41.1% | 233.5% | 38.0% | -1.7% | 22.5% | -14.6% | 13.1% | -13.8% |
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| Dividends per share [+] | $1.00 | $0.52 | $0.40 | $0.40 | $0.40 | $8.40 | $0.38 | $0.30 |
| Growth | 92.3% | 30.0% | 0.0% | 0.0% | -95.2% | 2140.0% | 25.0% | 0.0% |
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| Shares outstanding (basic) [+] | 55.8 | 56.0 | 55.8 | 55.8 | 56.8 | 56.9 | 56.6 | 56.3 |
| Growth | -0.4% | 0.3% | 0.0% | -1.7% | -0.3% | 0.6% | 0.5% | 0.5% |
| Shares outstanding (diluted) [+] | 56.6 | 56.8 | 56.4 | 56.3 | 57.3 | 57.5 | 57.2 | 57.0 |
| Growth | -0.4% | 0.7% | 0.1% | -1.6% | -0.4% | 0.6% | 0.4% | 0.4% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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