JBT Marel (JBTM) 10-Q30 Jul 212021 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2021	Jul. 26, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	1-34036
Entity Registrant Name	John Bean Technologies Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	91-1650317
Entity Address, Address Line One	70 West Madison Street,
Entity Address, Address Line Two	Suite 4400
Entity Address, City or Town	Chicago,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60602
City Area Code	312
Local Phone Number	861-5900
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	JBT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		31,767,154
Entity Central Index Key	0001433660
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue	$ 475.5	$ 411.5	$ 893.3	$ 869.2
Operating expenses:
Selling, general and administrative expense	101.6	80.5	196	177.8
Restructuring expense	1	2.1	2	4.1
Operating income	47.3	47.6	85.1	91.3
Pension expense, other than service cost	0	1	0	2
Interest expense, net	2.1	3.5	4.2	8.3
Income from continuing operations before income taxes	45.2	43.1	80.9	81
Income tax provision	14.7	10.6	23.4	19.5
Income from continuing operations	30.5	32.5	57.5	61.5
Net income	$ 30.5	$ 32.5	$ 57.5	$ 61.5
Basic earnings per share:
Income from continuing operations (in dollars per share)	$ 0.95	$ 1.02	$ 1.80	$ 1.92
Net income (in dollars per share)	0.95	1.02	1.80	1.92
Diluted earnings per share:
Income from continuing operations (in dollars per share)	0.95	1.01	1.79	1.92
Net income (in dollars per share)	$ 0.95	$ 1.01	$ 1.79	$ 1.92
Product
Revenue	$ 412.1	$ 362.2	$ 772.8	$ 762.3
Operating expenses:
Cost of goods and services	281.6	245.2	526.7	518.4
Service
Revenue	63.4	49.3	120.5	106.9
Operating expenses:
Cost of goods and services	$ 44	$ 36.1	$ 83.5	$ 77.6

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 30.5	$ 32.5	$ 57.5	$ 61.5
Other comprehensive income (loss), net of income taxes
Foreign currency translation adjustments	3.6	(0.1)	8.1	(25.3)
Pension and other postretirement benefits adjustments	1.7	1.3	3.4	2.8
Derivatives designated as hedges	(0.3)	(2)	2.9	(4.4)
Other comprehensive income (loss)	5	(0.8)	14.4	(26.9)
Comprehensive income	$ 35.5	$ 31.7	$ 71.9	$ 34.6

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 202.3	$ 47.5
Trade receivables, net of allowances	218	236.1
Contract assets	89.1	68.3
Inventories	204.1	197.3
Other current assets	64.6	66.9
Total current assets	778.1	616.1
Property, plant and equipment, net of accumulated depreciation of $344.6 and $334.8 respectively	267.8	268
Goodwill	552.1	543.9
Intangible assets, net	289.2	299.1
Other assets	89.1	78.8
Total Assets	1,976.3	1,805.9
Current Liabilities:
Short-term debt	0.6	2.4
Accounts payable, trade and other	177.9	140.7
Advance and progress payments	144.9	137.5
Other current liabilities	155.5	176.9
Total current liabilities	478.9	457.5
Long-term debt	641.1	522.5
Accrued pension and other postretirement benefits, less current portion	88.8	94.1
Other liabilities	81.8	94.7
Commitments and contingencies (Note 13)
Stockholders' Equity:
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2021 or 2020	0	0
Common stock, $0.01 par value; 120,000,000 shares authorized; June 30, 2021:31,766,654 issued and 31,766,654 outstanding; December 31, 2020: 31,741,607 issued and 31,729,736 outstanding	0.3	0.3
Common stock held in treasury, at cost June 30, 2021: 0 shares and December 31, 2020: 11,871 shares	0	(1)
Additional paid-in capital	212	229.9
Retained earnings	678.9	627.8
Accumulated other comprehensive loss	(205.5)	(219.9)
Total stockholders' equity	685.7	637.1
Total Liabilities and Stockholders' Equity	$ 1,976.3	$ 1,805.9

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Property, plant and equipment, accumulated depreciation	$ 344.6	$ 334.8
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock , shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	31,766,654	31,741,607
Common stock, shares outstanding (in shares)	31,766,654	31,729,736
Common stock held in treasury (in shares)	0	11,871

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income	$ 57.5	$ 61.5
Adjustments to reconcile income from continuing operations to cash provided by continuing operating activities:
Depreciation and amortization	36.6	35.2
Stock-based compensation	4.1	2.1
Other	2.4	4.1
Changes in operating assets and liabilities:
Trade receivables, net and contract assets	(2.8)	53.5
Inventories	(11)	2.6
Accounts payable, trade and other	37.6	(46.2)
Advance and progress payments	8.4	(3.5)
Accrued pension and other postretirement benefits, net	(0.5)	(0.4)
Other assets and liabilities, net	(2)	(7.9)
Cash provided by continuing operating activities	130.3	101
Cash provided by operating activities	130.3	101
Cash flows from investing activities:
Acquisitions, net of cash acquired	(15.9)	(4.5)
Capital expenditures	(20.3)	(16.2)
Proceeds from disposal of assets	1.7	1.7
Cash required by investing activities	(34.5)	(19)
Cash flows from financing activities:
Net payments on short-term debt	(1.8)	(0.8)
Net payments from domestic credit facilities	(270.1)	(50.9)
Proceeds from issuance of 2026 convertible senior notes, net of issuance costs	392.2	0
Purchase of convertible bond hedge	(65.6)	0
Proceeds from sale of warrants	29.5	0
Settlement of taxes withheld on stock-based compensation awards	(2)	(2.2)
Payment of acquisition date earnout liability	(16.1)	0
Dividends	(6.3)	(6.3)
Cash provided (required) by financing activities	59.8	(60.2)
Effect of foreign exchange rate changes on cash and cash equivalents	(0.8)	(3.3)
Increase in cash and cash equivalents	154.8	18.5
Cash and cash equivalents, beginning of period	47.5	39.5
Cash and cash equivalents, end of period	$ 202.3	$ 58

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Common Stock	Common Stock Held in Treasury	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentRetained Earnings
Beginning balance at Dec. 31, 2019	$ 569.5	$ 0.3	$ (12.6)	$ 241.8	$ 532.8	$ (192.8)	$ (1)	$ (1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	61.5				61.5
Issuance of treasury stock	0		5.6	(5.6)
Common stock cash dividends	(6.4)				(6.4)
Foreign currency translation adjustments, net of income taxes	(25.3)					(25.3)
Derivatives designated as hedges, net of income taxes	(4.4)					(4.4)
Pension and other postretirement liability adjustments, net of income taxes	2.8					2.8
Stock-based compensation expense	2.1			2.1
Taxes withheld on issuance of stock-based awards	(2.2)			(2.2)
Ending balance at Jun. 30, 2020	596.6	0.3	(7)	236.1	586.9	(219.7)
Beginning balance at Mar. 31, 2020	570.7	0.3	(12.6)	244.3	557.6	(218.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	32.5				32.5
Issuance of treasury stock	0		5.6	(5.6)
Common stock cash dividends	(3.2)				(3.2)
Foreign currency translation adjustments, net of income taxes	(0.1)					(0.1)
Derivatives designated as hedges, net of income taxes	(2)					(2)
Pension and other postretirement liability adjustments, net of income taxes	1.3					1.3
Stock-based compensation expense	(0.4)			(0.4)
Taxes withheld on issuance of stock-based awards	(2.2)			(2.2)
Ending balance at Jun. 30, 2020	596.6	0.3	(7)	236.1	586.9	(219.7)
Beginning balance at Dec. 31, 2020	637.1	0.3	(1)	229.9	627.8	(219.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	57.5				57.5
Issuance of treasury stock	0		1	(1)
Common stock cash dividends	(6.4)				(6.4)
Foreign currency translation adjustments, net of income taxes	8.1					8.1
Derivatives designated as hedges, net of income taxes	2.9					2.9
Proceeds from sale of warrants	29.5			29.5
Purchase of convertible bond hedge, net of income tax of $(17.1)	(48.5)			(48.5)
Pension and other postretirement liability adjustments, net of income taxes	3.4					3.4
Stock-based compensation expense	4.1			4.1
Taxes withheld on issuance of stock-based awards	(2)			(2)
Ending balance at Jun. 30, 2021	685.7	0.3	0	212	678.9	(205.5)
Beginning balance at Mar. 31, 2021	672.1	0.3	(0.9)	231.6	651.6	(210.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	30.5				30.5
Issuance of treasury stock	0		0.9	(0.9)
Common stock cash dividends	(3.2)				(3.2)
Foreign currency translation adjustments, net of income taxes	3.6					3.6
Derivatives designated as hedges, net of income taxes	(0.3)					(0.3)
Proceeds from sale of warrants	29.5			29.5
Purchase of convertible bond hedge, net of income tax of $(17.1)	(48.5)			(48.5)
Pension and other postretirement liability adjustments, net of income taxes	1.7					1.7
Stock-based compensation expense	2.3			2.3
Taxes withheld on issuance of stock-based awards	(2)			(2)
Ending balance at Jun. 30, 2021	$ 685.7	$ 0.3	$ 0	$ 212	$ 678.9	$ (205.5)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Stockholders' Equity [Abstract]
Common stock cash dividends (in usd per share)	$ 0.10	$ 0.10	$ 0.20	$ 0.20
Foreign currency, translation adjustments, tax	$ (0.4)	$ 0.6	$ 0.7	$ (1)
Derivatives designated as hedges, tax	(0.1)	(0.5)	1	(1.1)
Purchase of convertible bond hedge, tax	(17.1)		(17.1)
Pension and other postretirement liability adjustments, tax	$ 0.6	$ 0.4	$ 1.2	$ 0.9

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
Description of Business and Basis of Presentation	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business John Bean Technologies Corporation and its majority-owned consolidated subsidiaries (the “Company,” “JBT,” “our,” “us,” or “we”) provide global technology solutions to high-value segments of the food and beverage and air transportation industries. The Company designs, produces and services sophisticated products and systems for multi-national and regional customers through JBT FoodTech and JBT AeroTech segments. The Company has manufacturing operations worldwide that are strategically located to facilitate delivery of its products and services to its customers. Basis of Presentation In accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, the accompanying unaudited condensed consolidated financial statements (the “interim financial statements”) do not include all of the information and notes for complete financial statements as required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). As such, the accompanying interim financial statements should be read in conjunction with the Annual Report on Form 10-K for the year ended December 31, 2020, which provides a more complete description of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated Balance Sheet was derived from audited financial statements, but does not include all annual disclosures required by accounting principles generally accepted in the United States of America. In the opinion of management, the interim financial statements reflect all normal recurring adjustments necessary for a fair statement of the Company's financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the interim results and trends in the interim financial statements may not be representative of those for the full year or any future period. Use of estimates Preparation of financial statements that follow U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Recently adopted accounting pronouncements In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) . The amendments in this update simplifies accounting for certain convertible debt instruments by removing the separation models for convertible debt with a cash conversion feature or convertible instruments with a beneficial conversion feature. As a result, convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. Additionally, ASU 2020-06 requires the application of the if-converted method for calculating diluted earnings per share and the treasury stock method will be no longer be available for convertible debt instruments. The provisions of ASU 2020-06 are applicable for fiscal years beginning after December 15, 2021, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. The Company early adopted the new standard effective January 1, 2021 using the modified retrospective method. There was no impact on the Company's financial statements as of the adoption date. As further discussed in Note 6, "Debt," the Company issued $402.5 million principal amount of convertible senior notes on May 28, 2021, which have been accounted for in accordance with the provisions of ASU 2020-06. Recently issued accounting standards not yet adopted In July 2021, the FASB issued ASU 2021-05, Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments. ASU 2019-12 requires accounting of lessor leases with variable lease payments that do not depend on a reference index or a rate as operating leases if any other lease classification would require lessor to recognize a day-one loss. The new standard will be effective for the Company as of January 1, 2022 with early adoption permitted and allows for both prospective and retrospective methods of adoption. The Company is currently evaluating the potential impact ASU 2021-05 may have on its financial position and results of operations upon adoption .

Acquisitions

Acquisitions	6 Months Ended
Acquisitions	Jun. 30, 2021
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS During the six months ended June 30, 2021 and fiscal year 2020 the Company acquired 100% of voting equity of one business, and the assets and liabilities of another business. A summary of the acquisitions made during the periods is as follows: Date Type Company/Product Line Location (Near) Segment February 28, 2021 Stock AutoCoding Systems Ltd. ("ACS") Cheshire, U.K. JBT FoodTech A provider of a central command solution for the integration of packaging process devices. The ACS acquisition extends the Company's capabilities in packaging line equipment and associated devices, including coding and label inspection and verification. May 29, 2020 Asset MARS Food Processing Solutions, LLC ("MARS") Denver, North Carolina JBT FoodTech A provider of solutions for monitoring and managing the efficiency of poultry processing plants. The MARS acquisition allows the Company to offer its Protein customers proprietary solutions for monitoring and managing the efficiency of poultry processing plants. Each acquisition has been accounted for as a business combination. Tangible and identifiable intangible assets acquired and liabilities assumed were recorded at their respective estimated fair values. The excess of the consideration transferred over the estimated fair value of the net assets received has been recorded as goodwill. The factors that contributed to the recognition of goodwill primarily relate to acquisition-driven anticipated cost savings and revenue enhancement synergies coupled with the assembled workforce acquired. ACS (1) (In millions) Financial assets $ 2.9 Inventories 0.7 Other intangible assets (2) 7.9 Deferred taxes (1.4) Financial liabilities (2.9) Total identifiable net assets $ 7.2 Cash consideration paid $ 17.0 Cash acquired 1.1 Net consideration $ 15.9 Goodwill (3) $ 9.8 (1) The purchase accounting for ACS is provisional. The valuation of certain working capital balances, intangibles, income tax balances and residual goodwill is not complete. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). During the quarter ended June 30, 2021, the Company refined its estimates for other intangibles by ($2.0) million, deferred taxes by $0.5 million, and other working capital balances by immaterial amounts. The impact of these adjustments was reflected as a net increase in goodwill of $2.0 million. These adjustments resulted in an immaterial impact to the consolidated statement of income. (2) The intangible assets acquired include customer relationships of $3.7 million with 14 years of useful life, technology of $3.4 million with 4 years of useful life, and trade names of $0.8 million with 19 years of useful life. (3) The Company expects goodwill of $0.7 million from this acquisition to be deductible for income tax purposes. During the second quarter of 2020, the Company acquired certain assets and liabilities of MARS Food Processing Solutions, LLC ("MARS") for a purchase price of $5 million. The Company expects goodwill of $3.1 million from this acquisition to be deductible for income tax purposes.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
Goodwill and Intangible Assets	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill by business segment were as follows: (In millions) JBT FoodTech JBT AeroTech Total Balance as of December 31, 2020 $ 505.7 $ 38.2 $ 543.9 Acquisitions 9.8 — 9.8 Currency translation (1.6) — (1.6) Balance as of June 30, 2021 $ 513.9 $ 38.2 $ 552.1 Intangible assets consisted of the following: June 30, 2021 December 31, 2020 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 259.9 $ 92.0 $ 256.9 $ 82.8 Patents and acquired technology 154.7 75.4 151.3 65.2 Trademarks 45.5 14.3 44.8 16.8 Non-amortizing intangible assets 10.7 — 10.8 — Other 8.8 8.7 9.4 9.3 Total intangible assets $ 479.6 $ 190.4 $ 473.2 $ 174.1

Inventories

Inventories	6 Months Ended
Inventories	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories consisted of the following: (In millions) June 30, 2021 December 31, 2020 Raw materials $ 92.1 $ 87.3 Work in process 55.8 51.4 Finished goods 137.1 136.4 Gross inventories before LIFO reserves and valuation adjustments 285.0 275.1 LIFO reserves (50.8) (49.2) Valuation adjustments (30.1) (28.6) Net inventories $ 204.1 $ 197.3

Pension

Pension	6 Months Ended
Pension	Jun. 30, 2021
Retirement Benefits [Abstract]
Pension	PENSION Components of net periodic benefit cost were as follows: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Service cost $ 0.6 $ 0.6 $ 1.2 $ 1.1 Interest cost 1.7 2.3 3.3 4.6 Expected return on plan assets (3.9) (3.3) (7.8) (6.6) Amortization of net actuarial losses 2.3 2.0 4.6 4.0 Net periodic cost $ 0.7 $ 1.6 $ 1.3 $ 3.1 The Company expects to contribute $15.2 million to its pension and other post-retirement benefit plans in 2021. The pension contributions will be primarily for the U.S. qualified pension plan. All of the contributions are expected to be in the form of cash. The Company has made no contribution to its U.S. qualified pension plan during the six months ended June 30, 2021.

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	DEBT Five-year Revolving Credit Facility On June 19, 2018, the Company entered into a Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent, and the other lenders party thereto. The Credit Agreement provides for a $1 billion revolving credit facility that matures in June 2023. On May 25, 2021, the Company entered into the first amendment to the Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the other lenders party thereto (the “Credit Agreement Amendment”). The purpose of the Credit Agreement Amendment was to permit the issuance of the Convertible Senior Notes. Convertible Senior Notes On May 28, 2021, the Company closed a private offering of $402.5 million aggregate principal amount of the Company's 0.25% Convertible Senior Notes due 2026 (the "Notes") to qualified institutional buyers, resulting in net proceeds of approximately $392.2 million after deducting initial purchasers’ discounts of the Notes. Interest on the Notes will accrue from May 28, 2021 and is payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2021, at a rate of 0.25% per year. The Notes will mature on May 15, 2026 unless earlier converted, redeemed or repurchased. No sinking fund is provided for the Notes. The initial conversion rate of the Notes is 5.8958 shares of the Company's common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $169.61 per share. The conversion rate of the Notes is subject to adjustment upon the occurrence of certain specified events. In addition, upon the occurrence of a make-whole fundamental change (as defined in the indenture governing the Notes (the "Indenture")) or upon a notice of redemption, the Company will, in certain circumstances, increase the conversion rate for a holder that elects to convert its Notes in connection with such make-whole fundamental change or notice of redemption, as the case may be. On or after March 20, 2024, the Company has the option to redeem for cash all or part of the Notes, if the last reported sales price of the Company's common stock (the "common stock") has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which the Company provides redemption notice, during any 30 consecutive trading days ending on, and including, the last trading day immediately before the date the Company sends the related redemption notice. The redemption price of each Note to be redeemed will be the principal amount of such note, plus accrued and unpaid interest to, but excluding, the redemption date. If the Company redeems less than all the outstanding Notes, at least $100 million aggregate principal amount of Notes must be outstanding and not subject to redemption as of the relevant redemption notice date. Prior to the close of business on the business day immediately preceding February 15, 2026, the Notes are convertible at the option of the holders only under the following circumstances: • during any calendar quarter commencing after the calendar quarter ending on September 30, 2021 (and only during such calendar quarter), if the last reported sale price of the common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; • during the five business day period after any ten consecutive trading day period (the “measurement period”) in which the trading price per $1,000 principal amount of Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the common stock and the conversion rate on each such trading day; • if the Company calls such Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date, but only with respect to the Notes called (or deemed called) for redemption; or • upon the occurrence of certain corporate events, as specified in the Indenture governing the Notes. At any time on or after February 15, 2026, holders may convert their Notes at their option, and in multiples of $1,000 principle amount, without regard to the foregoing circumstances. Upon conversion, the Company will pay cash up to the aggregate principal amount of the Notes and for the remainder of our conversion obligation in excess of the aggregate principal amount will pay or deliver cash, shares of common stock, or a combination of cash and shares of common stock at the Company’s election. The Notes were not convertible during the quarter ended June 30, 2021 and none have been converted to date. Also given the average market price of the common stock has not exceeded the exercise price since inception, there is no impact to the diluted earnings per share. Upon the occurrence of a fundamental change (as defined in the Indenture), subject to certain conditions, holders may require the Company to repurchase for cash all or any portion of their Notes in multiples of $1,000 principal amounts, at its repurchase price, plus accrued and unpaid interest to, but excluding, the repurchase date. The Notes are senior unsecured obligations and rank equally in right of payment with all of the Company's existing and unsubordinated debt and senior in right of payment to any future debt that is expressly subordinated in right of payment to the Notes. The Notes will be effectively subordinated to any of the Company's existing and future secured debt to the extent of the assets securing such indebtedness. The Indenture includes customary terms and covenants, including certain events of default after which the Notes may become due and payable immediately. Convertible Note Hedge Transactions The Company paid an aggregate amount of $65.6 million for the Convertible Note Hedge Transactions (the "Hedge Transactions"). The Hedge Transactions cover, subject to anti-dilution adjustments substantially similar to those in the Notes, approximately 2.4 million shares of the Company's common stock. These are the same number of shares initially underlying the Notes, at a strike price of $169.61, subject to customary adjustments. The Hedge Transactions will expire upon the maturity of the Notes, subject to earlier exercise or termination. The Hedge Transactions are expected generally to reduce the potential dilutive effect of the conversion of the Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of the converted Notes, in the event that the market price per share of the Company's common stock, as measured under the terms of the Hedge Transactions, is greater than the Hedge Transactions strike price of $169.61. The Hedge Transactions meet the criteria in ASC 815-40 to be classified within Stockholders' Equity, and therefore these transactions are not revalued after their issuance. The Company made a tax election to integrate the Notes and the Hedge Transactions. The accounting impact of this tax election makes the Hedge Transactions deductible as original issue discount interest for tax purposes over the term of the note, and results in a $17.1 million deferred tax asset recorded as an adjustment to Additional paid-in capital on our Balance Sheet as of June 30, 2021. Warrant Transactions In addition, concurrently with entering into the Hedge Transactions, the Company separately entered into privately-negotiated Warrant Transactions (the "Warrant Transactions"), whereby the Company sold to the counterparties warrants to acquire, collectively, subject to anti-dilution adjustments, 2.4 million shares of its common stock at an initial strike price of $240.02 per share. The Company received aggregate proceeds of $29.5 million from the Warrant Transactions with the counterparties, with such proceeds partially offsetting the costs of entering into the Hedge Transactions. The warrants expire in August 2026. If the market value per share of the common stock, exceeds the strike price of the warrants, the warrants will have a dilutive effect on our earnings per share, unless the Company elects, subject to certain conditions, to settle the warrants in cash. The warrants meet the criteria in ASC 815-40 to be classified within Stockholders' Equity, and therefore the warrants are not revalued after issuance. The components of the Company's borrowings were as follows: (In millions) Maturity Date June 30, 2021 December 31, 2020 Revolving credit facility (1) June 19, 2023 $ 250.0 $ 523.9 Less: unamortized debt issuance costs $ (0.5) $ (1.4) Revolving credit facility, net $ 249.5 $ 522.5 Convertible senior notes (2) May 15, 2026 $ 402.5 $ — Less: unamortized debt issuance costs $ (10.9) $ — Convertible senior notes, net $ 391.6 $ — Long-term debt, net $ 641.1 $ 522.5 (1) Weighted-average interest rate at June 30, 2021 was 1.32% (2) Effective interest rate for the Notes for the quarter ended June 30, 2021 was 0.82%

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
Accumulated Other Comprehensive Income (Loss)	Jun. 30, 2021
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income or loss (“AOCI”) represents the cumulative balance of other comprehensive income, net of tax, as of the Balance Sheet date. For the Company, AOCI is composed of adjustments related to pension and other postretirement benefit plans, derivatives designated as hedges, and foreign currency translation adjustments. Changes in the AOCI balances for the three months ended June 30, 2021 and 2020 by component are shown in the following tables: Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, March 31, 2021 $ (159.7) $ (0.6) $ (50.2) $ (210.5) Other comprehensive income (loss) before reclassification — (0.7) 4.1 3.4 Amounts reclassified from accumulated other comprehensive income 1.7 0.4 (0.5) 1.6 Ending balance, June 30, 2021 $ (158.0) $ (0.9) $ (46.6) $ (205.5) (1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended June 30, 2021 were $2.3 million of charges to pension expense, other than service cost, net of $0.6 million in benefit for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.5 million of interest expense, net of $0.1 million income tax benefit. Reclassification adjustments for foreign currency translation related to net investment hedges for the three months ended June 30, 2021 were $0.7 million of benefit in interest expense, net of $0.2 million income tax provision. Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, March 31, 2020 $ (145.5) $ (2.3) $ (71.1) $ (218.9) Other comprehensive income (loss) before reclassification — (2.3) 0.5 (1.8) Amounts reclassified from accumulated other comprehensive income 1.3 0.3 (0.6) 1.0 Ending balance, June 30, 2020 $ (144.2) $ (4.3) $ (71.2) $ (219.7) (1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended June 30, 2020 were $1.7 million of charges to pension expense, other than service cost, net of $0.4 million in benefit for for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.4 million of interest expense, net of $0.1 million income tax benefit. Reclassification adjustments for foreign currency translation related to net investment hedges for the three months ended June 30, 2020 were $0.7 million of benefit in interest expense, net of $0.1 million income tax provision. Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, December 31, 2020 $ (161.4) $ (3.8) $ (54.7) $ (219.9) Other comprehensive income (loss) before reclassification — 2.2 9.1 11.3 Amounts reclassified from accumulated other comprehensive income 3.4 0.7 (1.0) 3.1 Ending balance, June 30, 2021 $ (158.0) $ (0.9) $ (46.6) $ (205.5) (1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the six months ended June 30, 2021 were $4.6 million of charges to pension expense, other than service cost, net of $1.2 million in benefit for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.9 million of interest expense, net of $0.2 million income tax benefit. Reclassification adjustments for foreign currency translation related to net investment hedges for the six months ended June 30, 2021 were $1.4 million of benefit in interest expense, net of $0.4 million income tax provision. Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, December 31, 2019 $ (147.0) $ 0.1 $ (45.9) $ (192.8) Other comprehensive income (loss) before reclassification — (4.7) (24.2) (28.9) Amounts reclassified from accumulated other comprehensive income 2.8 0.3 (1.1) 2.0 Ending balance, June 30, 2020 $ (144.2) $ (4.3) $ (71.2) $ (219.7) (1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the six months ended June 30, 2020 were $3.7 million of charges to pension expense, other than service cost, net of $0.9 million in benefit for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.4 million of interest expense, net of $0.1 million income tax benefit. Reclassification adjustments for foreign currency translation related to net investment hedges for the six months ended June 30, 2020 were $1.4 million of benefit in interest expense, net of $0.3 million income tax provision.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	6 Months Ended
Revenue Recognition (Notes)	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Transaction price allocated to the remaining performance obligations The Company has estimated that $880.1 million in revenue is expected to be recognized in the future periods related to remaining performance obligations from the Company's contracts with customers outstanding as of June 30, 2021. The Company expects to complete these obligations and recognize 68% as revenue in 2021, 26% in 2022 and the remainder in 2023. Disaggregation of Revenue In the following table, revenue is disaggregated by type of good or service, primary geographical market, and timing of recognition for each reportable segment. The table also includes a reconciliation of the disaggregated revenue to total revenue of each reportable segment. Three Months Ended Six Months Ended June 30, 2021 June 30, 2021 (In millions) JBT FoodTech JBT AeroTech JBT FoodTech JBT AeroTech Type of Good or Service Recurring (1) $ 164.4 $ 44.3 $ 314.8 $ 85.8 Non-recurring (1) 196.3 70.5 357.7 135.0 Total 360.7 114.8 672.5 220.8 Geographical Region (2) North America 197.1 100.0 366.2 190.0 Europe, Middle East and Africa 90.2 12.0 174.1 23.5 Asia Pacific 45.3 1.4 86.6 4.7 Latin America 28.1 1.4 45.6 2.6 Total 360.7 114.8 672.5 220.8 Timing of Recognition Point in Time 169.2 51.7 316.3 95.2 Over Time 191.5 63.1 356.2 125.6 Total 360.7 114.8 672.5 220.8 Three Months Ended Six Months Ended June 30, 2020 June 30, 2020 (In millions) JBT FoodTech JBT AeroTech JBT FoodTech JBT AeroTech Type of Good or Service Recurring (1) $ 147.7 $ 32.9 $ 301.4 $ 78.6 Non-recurring (1) 155.1 75.8 311.1 178.1 Total 302.8 108.7 612.5 256.7 Geographical Region (2) North America 167.1 94.8 321.2 225.2 Europe, Middle East and Africa 88.2 7.5 187.8 18.1 Asia Pacific 32.0 5.8 67.4 11.5 Latin America 15.5 0.6 36.1 1.9 Total 302.8 108.7 612.5 256.7 Timing of Recognition Point in Time 141.7 47.5 290.1 124.6 Over Time 161.1 61.2 322.4 132.1 Total 302.8 108.7 612.5 256.7 (1) Aftermarket parts and services and revenue from lease and long-term service contracts are considered recurring revenue. Non-recurring revenue includes new equipment and installation. (2) Geographical region represents the region in which the end customer resides. Contract balances The timing of revenue recognition, billings and cash collections results in trade receivables, contract assets, and advance and progress payments (contract liabilities). Contract assets exist when revenue recognition occurs prior to billings. Contract assets are transferred to trade receivables when the right to payment becomes unconditional (i.e., when receipt of the amount is dependent only on the passage of time). Conversely, the Company often receives payments from its customers before revenue is recognized, resulting in contract liabilities. These assets and liabilities are reported on the Balance Sheet as Contract assets and within Advance and progress payments, respectively, on a contract-by-contract net basis at the end of each reporting period. Contract asset and liability balances for the period were as follows: Balances as of (In millions) June 30, 2021 December 31, 2020 Contract assets $ 89.1 $ 68.3 Contract liabilities 135.9 123.8 Balances as of June 30, 2020 December 31, 2019 Contract assets 76.4 74.4 Contract liabilities 90.9 92.5

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the respective periods and basic and diluted shares outstanding: Three Months Ended June 30, Six Months Ended June 30, (In millions, except per share data) 2021 2020 2021 2020 Basic earnings per share: Income from continuing operations $ 30.5 $ 32.5 $ 57.5 $ 61.5 Weighted average number of shares outstanding 32.0 32.0 32.0 31.9 Basic earnings per share from continuing operations $ 0.95 $ 1.02 $ 1.80 $ 1.92 Diluted earnings per share: Income from continuing operations $ 30.5 $ 32.5 $ 57.5 $ 61.5 Weighted average number of shares outstanding 32.0 32.0 32.0 31.9 Effect of dilutive securities: Restricted stock 0.1 — 0.1 0.2 Total shares and dilutive securities 32.1 32.0 32.1 32.1 Diluted earnings per share from continuing operations $ 0.95 $ 1.01 $ 1.79 $ 1.92

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
Fair Value of Financial Instruments	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: • Level 1 : Unadjusted quoted prices in active markets for identical assets and liabilities that the Company can assess at the measurement date. • Level 2 : Observable inputs other than those included in Level 1 that are observable for the asset or liability, either directly or indirectly. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. • Level 3 : Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. Financial assets and financial liabilities measured at fair value on a recurring basis are as follows: As of June 30, 2021 As of December 31, 2020 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 13.1 $ 13.1 $ — $ — $ 12.3 $ 12.3 $ — $ — Derivatives 7.4 — 7.4 — 10.0 — 10.0 — Total assets $ 20.5 $ 13.1 $ 7.4 $ — $ 22.3 $ 12.3 $ 10.0 $ — Liabilities: Derivatives $ 4.8 $ — $ 4.8 $ — $ 18.8 $ — $ 18.8 $ — Contingent consideration — — — — 19.1 — — 19.1 Total liabilities $ 4.8 $ — $ 4.8 $ — $ 37.9 $ — $ 18.8 $ 19.1 Investments represent securities held in a trust for the non-qualified deferred compensation plan. Investments are classified as trading securities and are valued based on quoted prices in active markets for identical assets that the Company has the ability to access. Investments are reported separately in other assets on the Balance Sheet, and include an unrealized gain of $0.9 million as of June 30, 2021 and unrealized gain of $1.1 million as of December 31, 2020. The Company uses the income approach to measure the fair value of derivative instruments on a recurring basis. This approach calculates the present value of the future cash flow by measuring the change between the derivative contract rate and the published market indicative currency rate, multiplied by the contract notional values, and applying an appropriate discount rate as well as a factor of credit risk. The Notes are not registered securities nor listed on any securities exchange but may be traded by qualified institutional buyers. The fair value of the Notes estimated using Level 2 inputs was $427.5 million as of June 30, 2021. The purchase agreement for the Company's acquisition of Proseal, in the second quarter of 2019, included contingent consideration due to the sellers of Proseal upon achievement of certain earnings targets. The contingent consideration obligation included in the Balance Sheet as other current liabilities as of December 31, 2020, was paid during the current quarter. The following table provides a summary of changes in fair value of contingent consideration during the six months ended June 30, 2021 and 2020: Six months ended June 30, 2021 June 30, 2020 Beginning balance $ 19.1 $ 17.4 Measurement adjustments recorded to earnings — (0.1) Cash payment (19.4) — Foreign currency translation adjustment 0.3 (1.2) Ending balance $ — $ 16.1 The carrying amounts of cash and cash equivalents, trade receivables and payables, as well as financial instruments included in other current assets and other current liabilities, approximate fair values because of their short-term maturities. The carrying values of the Company's long-term debt approximate their fair values due to their variable interest rates.

Derivative Financial Instrument

Derivative Financial Instruments and Risk Management	6 Months Ended
Derivative Financial Instruments and Risk Management	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Risk Management	DERIVATIVE FINANCIAL INSTRUMENTS AND RISK MANAGEMENT Derivative Financial Instruments All derivatives are recorded as assets or liabilities in the Balance Sheet at their respective fair values. For derivatives designated as cash flow hedges, the unrealized gain or loss related to the derivatives is recorded in Other comprehensive income (loss) until the hedged transaction affects earnings. The Company assesses at inception of the hedge, whether the derivative in the hedging transaction will be highly effective in offsetting changes in cash flows of the hedged item. Changes in the fair value of derivatives that do not meet the criteria for designation as a hedge are recognized in earnings. Foreign Exchange: The Company manufactures and sells products in a number of countries throughout the world and, as a result, the Company is exposed to movements in foreign currency exchange rates. Major foreign currency exposures involve the markets in Western Europe, South America and Asia. Some of the Company's sales and purchase contracts contain embedded derivatives due to the nature of doing business in certain jurisdictions, which are taken into consideration as part of the Company's risk management policy. The purpose of the Company's foreign currency hedging activities is to manage the economic impact of exchange rate volatility associated with anticipated foreign currency purchases and sales made in the normal course of business. The Company primarily utilizes forward foreign exchange contracts with maturities of less than 2 years in managing this foreign exchange rate risk. The Company has not designated these forward foreign exchange contracts, which had a notional value at June 30, 2021 of $830.1 million, as hedges and therefore does not apply hedge accounting. The following table presents the fair value of foreign currency derivatives and embedded derivatives included within the Balance Sheet: As of June 30, 2021 As of December 31, 2020 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Total $ 5.5 $ 3.5 $ 10.0 $ 12.7 A master netting arrangement allows counterparties to net settle amounts owed to each other as a result of separate offsetting derivative transactions. The Company enters into master netting arrangements with its counterparties when possible to mitigate credit risk in derivative transactions by permitting the Company to net settle for transactions with the same counterparty. However, it does not net settle with such counterparties. As a result, derivatives are presented at their gross fair values in the Balance Sheet. As of June 30, 2021 and December 31, 2020, information related to these offsetting arrangements was as follows: (In millions) As of June 30, 2021 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 7.3 $ — $ 7.3 $ (1.2) $ 6.1 (In millions) As of June 30, 2021 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 3.9 $ — $ 3.9 $ (1.2) $ 2.7 (In millions) As of December 31, 2020 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 10.0 $ — $ 10.0 $ (8.6) $ 1.4 (In millions) As of December 31, 2020 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 16.6 $ — $ 16.6 $ (8.6) $ 8.0 The following table presents the location and amount of the gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies, as well as the net impact recognized in the Income Statement: Derivatives Not Designated Location of Gain (Loss) Recognized Amount of Gain (Loss) Recognized in Income Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Foreign exchange contracts Revenue $ 1.6 $ 2.3 $ 0.4 $ (2.3) Foreign exchange contracts Cost of sales (0.1) (2.9) 0.8 (0.1) Foreign exchange contracts Selling, general and administrative expense 0.3 0.9 0.3 1.3 Total 1.8 0.3 1.5 (1.1) Remeasurement of assets and liabilities in foreign currencies (1.6) (1.2) (1.8) 1.8 Net gain (loss) on foreign currency transactions $ 0.2 $ (0.9) $ (0.3) $ 0.7 Interest Rates : The Company has entered into four interest rate swaps executed in March 2020 with a combined notional amount of $200 million expiring in April 2025, and one interest rate swap executed in May 2020 with a notional amount of $50 million expiring in May 2025. These interest rate swaps fix the interest rate applicable to certain of the Company's variable-rate debt. The agreements swap one-month LIBOR for fixed rates. The Company has designated these swaps as cash flow hedges and all changes in fair value of the swaps are recognized in accumulated other comprehensive income (loss). At June 30, 2021, the fair value of these derivatives designated as cash flow hedges were recorded in the Balance Sheet as other liabilities of $1.3 million and as accumulated other comprehensive income, net of tax, of $1.0 million. Net Investment: The Company has entered into a cross currency swap agreement that synthetically swaps $116.4 million of fixed rate debt to Euro denominated fixed rate debt. The agreement is designated as a net investment hedge for accounting purposes. Accordingly, the gain or loss on this derivative instrument is included in the foreign currency translation component of other comprehensive income until the net investment is sold, diluted, or liquidated. Coupons received for the cross currency swap are excluded from the net investment hedge effectiveness assessment and are recorded in interest expense, net on the condensed consolidated statements of income. For the six months ended June 30, 2021 and 2020, gains recorded in interest expense, net under the cross currency swap agreement were approximately $1.4 million. At June 30, 2021, the fair value of these derivatives designated as net investment hedges were recorded in the Balance Sheet as other assets of $1.9 million and as accumulated other comprehensive income, net of tax, of $1.4 million. Refer to Note 10. Fair Value Of Financial Instruments for a description of how the values of the above financial instruments are determined. Credit Risk By their nature, financial instruments involve risk including credit risk for non-performance by counterparties. Financial instruments that potentially subject the Company to credit risk primarily consist of trade receivables and derivative contracts. The Company manages the credit risk on financial instruments by transacting only with financially secure counterparties, requiring credit approvals and establishing credit limits, and monitoring counterparties’ financial condition. Maximum exposure to credit loss in the event of non-performance by the counterparty, for all receivables and derivative contracts as of June 30, 2021, is limited to the amount drawn and outstanding on the financial instrument. Refer to Note 1. Description of Business and Basis of Presentation in Item 8. Financial Statements and Supplementary Data of the Company's most recent Annual Report on Form 10-K, for a description of how allowance for credit loss is determined on financial assets measured at amortized cost, which includes Trade receivables, Contract assets, and non-current receivables.

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2021
Leases [Abstract]
Leases	LEASES The following table provides the required information regarding operating and sales-type leases for which the Company is lessor. Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Fixed payment revenue $ 16.6 $ 16.3 $ 32.9 $ 32.6 Variable payment revenue 3.9 3.7 8.4 8.8 Operating lease revenue $ 20.5 $ 20.0 $ 41.3 $ 41.4 Sales-type lease revenue $ 3.1 $ 2.1 $ 4.3 $ 3.6 Refer to Note 16. Related Party Transactions for details of operating lease agreements with related parties.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES In the normal course of business, the Company is at times subject to pending and threatened legal actions, some for which the relief or damages sought may be substantial. Although the Company is not able to predict the outcome of such actions, after reviewing all pending and threatened actions with counsel and based on information currently available, management believes that the outcome of such actions, individually or in the aggregate, will not have a material adverse effect on the Company's results of operations or financial position. However, it is possible that the ultimate resolution of such matters, if unfavorable, may be material to its results of operations in a particular future period as the time and amount of any resolution of such actions and its relationship to the future results of operations are not currently known. Liabilities are established for pending legal claims only when losses associated with the claims are judged to be probable, and the loss can be reasonably estimated. In many lawsuits and arbitrations, it is not considered probable that a liability has been incurred or not possible to estimate the ultimate or minimum amount of that liability until the case is close to resolution, in which case no liability would be recognized until that time. Guarantees and Product Warranties In the ordinary course of business with customers, vendors and others, the Company issues standby letters of credit, performance bonds, surety bonds and other guarantees. These financial instruments, which totaled $202.1 million at June 30, 2021, represent guarantees of future performance. The Company has also provided $7.6 million of bank guarantees and letters of credit to secure a portion of its existing financial obligations. The majority of these financial instruments expire within one year and are expected to be replaced through the issuance of new or the extension of existing letters of credit and surety bonds. In some instances, the Company guarantees its customers’ financing arrangements. The Company is responsible for payment of any unpaid amounts, but will receive indemnification from third parties for ninety-five percent of the contract values. In addition, the Company generally retains recourse to the equipment sold. As of June 30, 2021, the gross value of such arrangements was $1.0 million, of which its net exposure under such guarantees was $0.1 million. The Company provides warranties to certain of its customers based on standard terms and conditions and negotiated agreements. The Company provides for the estimated cost of warranties at the time revenue is recognized. Cost of warranties includes an estimate for products where reliable, historical experience of failure rates, as well as the related costs in correcting a product failure warranty claims and cost exist. The Company also provides a warranty liability when additional specific warranty costs are identified. The warranty obligation reflected in other current liabilities in the consolidated Balance Sheet is based on historical experience by product and considers failure rates and the related costs in correcting a product failure. Warranty cost and accrual information were as follows: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Balance at beginning of period $ 11.6 $ 11.7 $ 11.5 $ 12.0 Expense for new warranties 3.4 3.9 7.1 6.9 Adjustments to existing accruals — (0.6) (0.2) (0.4) Claims paid (2.6) (3.0) (5.8) (6.4) Added through acquisition — (0.1) — — Translation 0.1 0.1 (0.1) (0.1) Balance at end of period $ 12.5 $ 12.0 $ 12.5 $ 12.0

Business Segment Information

Business Segment Information	6 Months Ended
Business Segment Information	Jun. 30, 2021
Segment Reporting [Abstract]
Business Segment Information	BUSINESS SEGMENT INFORMATION Operating segments for the Company are determined based on information used by the chief operating decision maker (CODM) in deciding how to evaluate performance and allocate resources to each of the segments. JBT’s CODM is the Chief Executive Officer (CEO). While there are many measures the CEO reviews in this capacity, the key segment measures reviewed include operating profit, operating profit margin, EBITDA, adjusted when applicable, and EBITDA margins. Reportable segments are: • JBT FoodTech—provides comprehensive solutions throughout the food production value chain extending from primary processing through packaging systems for a large variety of food and beverage groups, including poultry, beef, pork, seafood, ready-to-eat meals, fruits, vegetables, dairy, bakery, pet foods, soups, sauces, and juices. • JBT AeroTech— supplies customized solutions and services used for applications in the air transportation industry, including airport authorities, airlines, airfreight, ground handling companies, militaries and defense contractors. Segment operating profit is defined as total segment revenue less segment operating expenses. The following items have been excluded in computing segment operating profit: corporate expense, restructuring costs, pension expense, other than service cost, interest income and expense, and income taxes. See the table below for further details on corporate expense. Business segment information was as follows: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Revenue JBT FoodTech $ 360.7 $ 302.8 $ 672.5 $ 612.5 JBT AeroTech 114.8 108.7 220.8 256.7 Total revenue 475.5 411.5 893.3 869.2 Income before income taxes Segment operating profit: JBT FoodTech 51.5 49.0 93.0 89.7 JBT AeroTech 12.1 10.3 22.0 28.8 Total segment operating profit 63.6 59.3 115.0 118.5 Corporate items: Corporate expense (1) 15.3 9.6 27.9 23.1 Restructuring expense (2) 1.0 2.1 2.0 4.1 Operating income 47.3 47.6 85.1 91.3 Pension expense, other than service cost — 1.0 — 2.0 Interest expense, net 2.1 3.5 4.2 8.3 Income from continuing operations before income taxes $ 45.2 $ 43.1 $ 80.9 $ 81.0 (1) Corporate expense generally includes corporate staff-related expense, stock-based compensation, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations. (2) Refer to Note 15. Restructuring for further information on restructuring charges.

Restructuring

Restructuring	6 Months Ended
Restructuring	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring	RESTRUCTURING Restructuring charges primarily consist of employee separation benefits under existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs, asset impairment charges and other costs that are associated with restructuring actions. Certain restructuring charges are accrued prior to payments made in accordance with applicable guidance. For such charges, the amounts are determined based on estimates prepared at the time the restructuring actions were approved by management. Inventory write offs due to restructuring are reported in Cost of products and are included in each segment's operating profit given the nature of the item. All other restructuring charges that are reported as Restructuring expenses are excluded from the calculation of each segment's operating profit. In the first quarter of 2018, the Company implemented a restructuring plan ("2018 restructuring plan") to address its global processes to flatten the organization, improve efficiency and better leverage general and administrative resources primarily within the JBT FoodTech segment. The Company recognized cumulative restructuring charges of $62.2 million, net of cumulative releases of the related liability of $11.9 million. The Company completed this plan in the third quarter of 2020 and transferred the remaining liability into the 2020 restructuring plan in the fourth quarter of 2020. In the first quarter of 2020, the Company implemented an immaterial restructuring plan primarily within the JBT AeroTech segment. The Company recognized cumulative restructuring charges of $2.4 million related to severance, net of a cumulative release of related liability of $0.2 million. The Company completed this plan in the third quarter of 2020 and transferred the remaining liability into the 2020 restructuring plan in the fourth quarter of 2020. In the third quarter of 2020, the Company implemented a restructuring plan ("2020 restructuring plan") for manufacturing capacity rationalization affecting both the JBT FoodTech and JBT AeroTech segments. The total estimated cost in connection with this plan is in the range of $9.0 million to $10.0 million for FoodTech and approximately $6.0 million for AeroTech. The Company recognized restructuring charges of $13.0 million, net of a cumulative release of the related liability of $1.1 million, through June 30, 2021, and expect to recognize the remaining costs by end of the year 2021. The following table details the cumulative restructuring charges reported in operating income for the 2020 restructuring plan since the implementation of this plan: Cumulative Amount For The Three Months Ended Cumulative Amount (In millions) Balance as of December 31, 2020 March 31, 2021 June 30, 2021 Balance as of June 30, 2021 2020 restructuring plan Severance and related expense 7.0 0.2 0.8 8.0 Inventory write-off 1.9 — — 1.9 Employee overlap costs 0.3 0.4 0.3 1.0 Retention bonus 0.3 0.4 — 0.7 Other 0.7 0.2 0.5 1.4 Total Restructuring charges $ 10.2 $ 1.2 $ 1.6 $ 13.0 Liability balances for restructuring activities are included in other current liabilities in the accompanying Balance Sheet. The table below details the activities in 2021: Impact to Earnings (In millions) Balance as of December 31, 2020 Charged to Earnings Releases Cash Payments Balance as of June 30, 2021 2020 restructuring plan Severance and related expense $ 3.7 $ 1.0 $ (0.8) $ (2.1) $ 1.8 Employee overlap costs — 0.7 — (0.7) — Retention bonus 0.1 0.4 — (0.1) 0.4 Other 0.2 0.7 — (0.9) — Total $ 4.0 $ 2.8 $ (0.8) $ (3.8) $ 2.2 The Company released $0.8 million of liability during the six months ended June 30, 2021 which it no longer expects to pay in connection with the 2020 restructuring plan due to actual severance payments differing from the original estimates and natural attrition of employees.

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONSThe Company is a party to an agreement to lease a manufacturing facility in Columbus, Ohio from an entity owned by certain of the Company's employees who were former owners or employees of an acquired business. The lease commenced on September 1, 2019, with an eight year term. The operating lease right-of-use asset and the lease liability related to this agreement is $3.3 million and $3.6 million, respectively.

Subsequent Events (Notes)

Subsequent Events (Notes)	6 Months Ended
Subsequent Events (Notes)	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTSOn July 2, 2021, the Company completed the acquisition of Prevenio, located in Bridgewater, New Jersey. Prevenio is a provider of innovative food safety solutions primarily for the poultry industry. Prevenio provides highly effective pathogen protection through its unique anti-microbial delivery solution that significantly enhances food safety and integrity, and creates a safer work environment for its customers and their employees. This acquisition will enhance the Company’s recurring revenue portfolio and furthers its investment in solutions that support its customers’ daily operations. The purchase price was $172.4 million, which was funded with cash on hand as well as borrowings under the Company's revolving credit facility. Due to the timing of the acquisition, the initial accounting for the acquisition, including the valuation of assets and liabilities acquired is incomplete. As such, the Company is not able to disclose the preliminary fair value of assets acquired and liabilities assumed.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation In accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, the accompanying unaudited condensed consolidated financial statements (the “interim financial statements”) do not include all of the information and notes for complete financial statements as required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). As such, the accompanying interim financial statements should be read in conjunction with the Annual Report on Form 10-K for the year ended December 31, 2020, which provides a more complete description of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated Balance Sheet was derived from audited financial statements, but does not include all annual disclosures required by accounting principles generally accepted in the United States of America. In the opinion of management, the interim financial statements reflect all normal recurring adjustments necessary for a fair statement of the Company's financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the interim results and trends in the interim financial statements may not be representative of those for the full year or any future period.
Use of estimates	Use of estimates Preparation of financial statements that follow U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates.
Recently Adopted Accounting Pronouncements and Recently issued accounting standards not yet adopted	Recently adopted accounting pronouncements In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40) . The amendments in this update simplifies accounting for certain convertible debt instruments by removing the separation models for convertible debt with a cash conversion feature or convertible instruments with a beneficial conversion feature. As a result, convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. Additionally, ASU 2020-06 requires the application of the if-converted method for calculating diluted earnings per share and the treasury stock method will be no longer be available for convertible debt instruments. The provisions of ASU 2020-06 are applicable for fiscal years beginning after December 15, 2021, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. The Company early adopted the new standard effective January 1, 2021 using the modified retrospective method. There was no impact on the Company's financial statements as of the adoption date. As further discussed in Note 6, "Debt," the Company issued $402.5 million principal amount of convertible senior notes on May 28, 2021, which have been accounted for in accordance with the provisions of ASU 2020-06. Recently issued accounting standards not yet adopted In July 2021, the FASB issued ASU 2021-05, Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments. ASU 2019-12 requires accounting of lessor leases with variable lease payments that do not depend on a reference index or a rate as operating leases if any other lease classification would require lessor to recognize a day-one loss. The new standard will be effective for the Company as of January 1, 2022 with early adoption permitted and allows for both prospective and retrospective methods of adoption. The Company is currently evaluating the potential impact ASU 2021-05 may have on its financial position and results of operations upon adoption .

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
Acquisitions (Tables)	Jun. 30, 2021
Business Combinations [Abstract]
Schedule of business combinations	A summary of the acquisitions made during the periods is as follows: Date Type Company/Product Line Location (Near) Segment February 28, 2021 Stock AutoCoding Systems Ltd. ("ACS") Cheshire, U.K. JBT FoodTech A provider of a central command solution for the integration of packaging process devices. The ACS acquisition extends the Company's capabilities in packaging line equipment and associated devices, including coding and label inspection and verification. May 29, 2020 Asset MARS Food Processing Solutions, LLC ("MARS") Denver, North Carolina JBT FoodTech A provider of solutions for monitoring and managing the efficiency of poultry processing plants. The MARS acquisition allows the Company to offer its Protein customers proprietary solutions for monitoring and managing the efficiency of poultry processing plants.
Schedule of assets acquired and liabilities assumed	ACS (1) (In millions) Financial assets $ 2.9 Inventories 0.7 Other intangible assets (2) 7.9 Deferred taxes (1.4) Financial liabilities (2.9) Total identifiable net assets $ 7.2 Cash consideration paid $ 17.0 Cash acquired 1.1 Net consideration $ 15.9 Goodwill (3) $ 9.8 (1) The purchase accounting for ACS is provisional. The valuation of certain working capital balances, intangibles, income tax balances and residual goodwill is not complete. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). During the quarter ended June 30, 2021, the Company refined its estimates for other intangibles by ($2.0) million, deferred taxes by $0.5 million, and other working capital balances by immaterial amounts. The impact of these adjustments was reflected as a net increase in goodwill of $2.0 million. These adjustments resulted in an immaterial impact to the consolidated statement of income. (2) The intangible assets acquired include customer relationships of $3.7 million with 14 years of useful life, technology of $3.4 million with 4 years of useful life, and trade names of $0.8 million with 19 years of useful life.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
Goodwill and Intangible Assets (Tables)	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in the carrying amount of goodwill by business segment were as follows: (In millions) JBT FoodTech JBT AeroTech Total Balance as of December 31, 2020 $ 505.7 $ 38.2 $ 543.9 Acquisitions 9.8 — 9.8 Currency translation (1.6) — (1.6) Balance as of June 30, 2021 $ 513.9 $ 38.2 $ 552.1
Schedule of finite-lived intangible assets	Intangible assets consisted of the following: June 30, 2021 December 31, 2020 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 259.9 $ 92.0 $ 256.9 $ 82.8 Patents and acquired technology 154.7 75.4 151.3 65.2 Trademarks 45.5 14.3 44.8 16.8 Non-amortizing intangible assets 10.7 — 10.8 — Other 8.8 8.7 9.4 9.3 Total intangible assets $ 479.6 $ 190.4 $ 473.2 $ 174.1
Schedule of indefinite-lived intangible assets	Intangible assets consisted of the following: June 30, 2021 December 31, 2020 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 259.9 $ 92.0 $ 256.9 $ 82.8 Patents and acquired technology 154.7 75.4 151.3 65.2 Trademarks 45.5 14.3 44.8 16.8 Non-amortizing intangible assets 10.7 — 10.8 — Other 8.8 8.7 9.4 9.3 Total intangible assets $ 479.6 $ 190.4 $ 473.2 $ 174.1

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jun. 30, 2021
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: (In millions) June 30, 2021 December 31, 2020 Raw materials $ 92.1 $ 87.3 Work in process 55.8 51.4 Finished goods 137.1 136.4 Gross inventories before LIFO reserves and valuation adjustments 285.0 275.1 LIFO reserves (50.8) (49.2) Valuation adjustments (30.1) (28.6) Net inventories $ 204.1 $ 197.3

Pension (Tables)

Pension (Tables)	6 Months Ended
Pension (Tables)	Jun. 30, 2021
Retirement Benefits [Abstract]
Components of net periodic benefit cost (income)	Components of net periodic benefit cost were as follows: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Service cost $ 0.6 $ 0.6 $ 1.2 $ 1.1 Interest cost 1.7 2.3 3.3 4.6 Expected return on plan assets (3.9) (3.3) (7.8) (6.6) Amortization of net actuarial losses 2.3 2.0 4.6 4.0 Net periodic cost $ 0.7 $ 1.6 $ 1.3 $ 3.1

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	The components of the Company's borrowings were as follows: (In millions) Maturity Date June 30, 2021 December 31, 2020 Revolving credit facility (1) June 19, 2023 $ 250.0 $ 523.9 Less: unamortized debt issuance costs $ (0.5) $ (1.4) Revolving credit facility, net $ 249.5 $ 522.5 Convertible senior notes (2) May 15, 2026 $ 402.5 $ — Less: unamortized debt issuance costs $ (10.9) $ — Convertible senior notes, net $ 391.6 $ — Long-term debt, net $ 641.1 $ 522.5 (1) Weighted-average interest rate at June 30, 2021 was 1.32% (2) Effective interest rate for the Notes for the quarter ended June 30, 2021 was 0.82%

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Jun. 30, 2021
Equity [Abstract]
Changes in the AOCI Balances	Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, March 31, 2021 $ (159.7) $ (0.6) $ (50.2) $ (210.5) Other comprehensive income (loss) before reclassification — (0.7) 4.1 3.4 Amounts reclassified from accumulated other comprehensive income 1.7 0.4 (0.5) 1.6 Ending balance, June 30, 2021 $ (158.0) $ (0.9) $ (46.6) $ (205.5) (1) All amounts are net of income taxes. Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, March 31, 2020 $ (145.5) $ (2.3) $ (71.1) $ (218.9) Other comprehensive income (loss) before reclassification — (2.3) 0.5 (1.8) Amounts reclassified from accumulated other comprehensive income 1.3 0.3 (0.6) 1.0 Ending balance, June 30, 2020 $ (144.2) $ (4.3) $ (71.2) $ (219.7) (1) All amounts are net of income taxes. Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, December 31, 2020 $ (161.4) $ (3.8) $ (54.7) $ (219.9) Other comprehensive income (loss) before reclassification — 2.2 9.1 11.3 Amounts reclassified from accumulated other comprehensive income 3.4 0.7 (1.0) 3.1 Ending balance, June 30, 2021 $ (158.0) $ (0.9) $ (46.6) $ (205.5) (1) All amounts are net of income taxes. Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, December 31, 2019 $ (147.0) $ 0.1 $ (45.9) $ (192.8) Other comprehensive income (loss) before reclassification — (4.7) (24.2) (28.9) Amounts reclassified from accumulated other comprehensive income 2.8 0.3 (1.1) 2.0 Ending balance, June 30, 2020 $ (144.2) $ (4.3) $ (71.2) $ (219.7) (1) All amounts are net of income taxes.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition (Tables)	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	In the following table, revenue is disaggregated by type of good or service, primary geographical market, and timing of recognition for each reportable segment. The table also includes a reconciliation of the disaggregated revenue to total revenue of each reportable segment. Three Months Ended Six Months Ended June 30, 2021 June 30, 2021 (In millions) JBT FoodTech JBT AeroTech JBT FoodTech JBT AeroTech Type of Good or Service Recurring (1) $ 164.4 $ 44.3 $ 314.8 $ 85.8 Non-recurring (1) 196.3 70.5 357.7 135.0 Total 360.7 114.8 672.5 220.8 Geographical Region (2) North America 197.1 100.0 366.2 190.0 Europe, Middle East and Africa 90.2 12.0 174.1 23.5 Asia Pacific 45.3 1.4 86.6 4.7 Latin America 28.1 1.4 45.6 2.6 Total 360.7 114.8 672.5 220.8 Timing of Recognition Point in Time 169.2 51.7 316.3 95.2 Over Time 191.5 63.1 356.2 125.6 Total 360.7 114.8 672.5 220.8 Three Months Ended Six Months Ended June 30, 2020 June 30, 2020 (In millions) JBT FoodTech JBT AeroTech JBT FoodTech JBT AeroTech Type of Good or Service Recurring (1) $ 147.7 $ 32.9 $ 301.4 $ 78.6 Non-recurring (1) 155.1 75.8 311.1 178.1 Total 302.8 108.7 612.5 256.7 Geographical Region (2) North America 167.1 94.8 321.2 225.2 Europe, Middle East and Africa 88.2 7.5 187.8 18.1 Asia Pacific 32.0 5.8 67.4 11.5 Latin America 15.5 0.6 36.1 1.9 Total 302.8 108.7 612.5 256.7 Timing of Recognition Point in Time 141.7 47.5 290.1 124.6 Over Time 161.1 61.2 322.4 132.1 Total 302.8 108.7 612.5 256.7 (1) Aftermarket parts and services and revenue from lease and long-term service contracts are considered recurring revenue. Non-recurring revenue includes new equipment and installation. (2) Geographical region represents the region in which the end customer resides.
Contract with Customer, Asset and Liability	Contract asset and liability balances for the period were as follows: Balances as of (In millions) June 30, 2021 December 31, 2020 Contract assets $ 89.1 $ 68.3 Contract liabilities 135.9 123.8 Balances as of June 30, 2020 December 31, 2019 Contract assets 76.4 74.4 Contract liabilities 90.9 92.5

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2021
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the respective periods and basic and diluted shares outstanding: Three Months Ended June 30, Six Months Ended June 30, (In millions, except per share data) 2021 2020 2021 2020 Basic earnings per share: Income from continuing operations $ 30.5 $ 32.5 $ 57.5 $ 61.5 Weighted average number of shares outstanding 32.0 32.0 32.0 31.9 Basic earnings per share from continuing operations $ 0.95 $ 1.02 $ 1.80 $ 1.92 Diluted earnings per share: Income from continuing operations $ 30.5 $ 32.5 $ 57.5 $ 61.5 Weighted average number of shares outstanding 32.0 32.0 32.0 31.9 Effect of dilutive securities: Restricted stock 0.1 — 0.1 0.2 Total shares and dilutive securities 32.1 32.0 32.1 32.1 Diluted earnings per share from continuing operations $ 0.95 $ 1.01 $ 1.79 $ 1.92

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
Fair Value of Financial Instruments (Tables)	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities measured at fair value on a recurring basis	Financial assets and financial liabilities measured at fair value on a recurring basis are as follows: As of June 30, 2021 As of December 31, 2020 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 13.1 $ 13.1 $ — $ — $ 12.3 $ 12.3 $ — $ — Derivatives 7.4 — 7.4 — 10.0 — 10.0 — Total assets $ 20.5 $ 13.1 $ 7.4 $ — $ 22.3 $ 12.3 $ 10.0 $ — Liabilities: Derivatives $ 4.8 $ — $ 4.8 $ — $ 18.8 $ — $ 18.8 $ — Contingent consideration — — — — 19.1 — — 19.1 Total liabilities $ 4.8 $ — $ 4.8 $ — $ 37.9 $ — $ 18.8 $ 19.1
Schedule of changes in fair value of contingent consideration	The following table provides a summary of changes in fair value of contingent consideration during the six months ended June 30, 2021 and 2020: Six months ended June 30, 2021 June 30, 2020 Beginning balance $ 19.1 $ 17.4 Measurement adjustments recorded to earnings — (0.1) Cash payment (19.4) — Foreign currency translation adjustment 0.3 (1.2) Ending balance $ — $ 16.1

Derivative Financial Instrume_2

Derivative Financial Instruments and Risk Management (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair value of foreign currency derivatives in balance sheet	The following table presents the fair value of foreign currency derivatives and embedded derivatives included within the Balance Sheet: As of June 30, 2021 As of December 31, 2020 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Total $ 5.5 $ 3.5 $ 10.0 $ 12.7
Schedule of derivative assets at fair value	As of June 30, 2021 and December 31, 2020, information related to these offsetting arrangements was as follows: (In millions) As of June 30, 2021 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 7.3 $ — $ 7.3 $ (1.2) $ 6.1 (In millions) As of December 31, 2020 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 10.0 $ — $ 10.0 $ (8.6) $ 1.4
Schedule of derivative liabilities at fair value	(In millions) As of June 30, 2021 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 3.9 $ — $ 3.9 $ (1.2) $ 2.7 (In millions) As of December 31, 2020 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 16.6 $ — $ 16.6 $ (8.6) $ 8.0
Schedule of location and amount of gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies	The following table presents the location and amount of the gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies, as well as the net impact recognized in the Income Statement: Derivatives Not Designated Location of Gain (Loss) Recognized Amount of Gain (Loss) Recognized in Income Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Foreign exchange contracts Revenue $ 1.6 $ 2.3 $ 0.4 $ (2.3) Foreign exchange contracts Cost of sales (0.1) (2.9) 0.8 (0.1) Foreign exchange contracts Selling, general and administrative expense 0.3 0.9 0.3 1.3 Total 1.8 0.3 1.5 (1.1) Remeasurement of assets and liabilities in foreign currencies (1.6) (1.2) (1.8) 1.8 Net gain (loss) on foreign currency transactions $ 0.2 $ (0.9) $ (0.3) $ 0.7

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2021
Leases [Abstract]
Lessor, Lease Revenue	The following table provides the required information regarding operating and sales-type leases for which the Company is lessor. Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Fixed payment revenue $ 16.6 $ 16.3 $ 32.9 $ 32.6 Variable payment revenue 3.9 3.7 8.4 8.8 Operating lease revenue $ 20.5 $ 20.0 $ 41.3 $ 41.4 Sales-type lease revenue $ 3.1 $ 2.1 $ 4.3 $ 3.6

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of warranty cost and accrual information	Warranty cost and accrual information were as follows: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Balance at beginning of period $ 11.6 $ 11.7 $ 11.5 $ 12.0 Expense for new warranties 3.4 3.9 7.1 6.9 Adjustments to existing accruals — (0.6) (0.2) (0.4) Claims paid (2.6) (3.0) (5.8) (6.4) Added through acquisition — (0.1) — — Translation 0.1 0.1 (0.1) (0.1) Balance at end of period $ 12.5 $ 12.0 $ 12.5 $ 12.0

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
Business Segment Information (Tables)	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of segment revenue and operating profit	Business segment information was as follows: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2021 2020 2021 2020 Revenue JBT FoodTech $ 360.7 $ 302.8 $ 672.5 $ 612.5 JBT AeroTech 114.8 108.7 220.8 256.7 Total revenue 475.5 411.5 893.3 869.2 Income before income taxes Segment operating profit: JBT FoodTech 51.5 49.0 93.0 89.7 JBT AeroTech 12.1 10.3 22.0 28.8 Total segment operating profit 63.6 59.3 115.0 118.5 Corporate items: Corporate expense (1) 15.3 9.6 27.9 23.1 Restructuring expense (2) 1.0 2.1 2.0 4.1 Operating income 47.3 47.6 85.1 91.3 Pension expense, other than service cost — 1.0 — 2.0 Interest expense, net 2.1 3.5 4.2 8.3 Income from continuing operations before income taxes $ 45.2 $ 43.1 $ 80.9 $ 81.0 (1) Corporate expense generally includes corporate staff-related expense, stock-based compensation, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations. (2) Refer to Note 15. Restructuring for further information on restructuring charges.

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
Restructuring (Tables)	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Schedule of restructuring expense	The following table details the cumulative restructuring charges reported in operating income for the 2020 restructuring plan since the implementation of this plan: Cumulative Amount For The Three Months Ended Cumulative Amount (In millions) Balance as of December 31, 2020 March 31, 2021 June 30, 2021 Balance as of June 30, 2021 2020 restructuring plan Severance and related expense 7.0 0.2 0.8 8.0 Inventory write-off 1.9 — — 1.9 Employee overlap costs 0.3 0.4 0.3 1.0 Retention bonus 0.3 0.4 — 0.7 Other 0.7 0.2 0.5 1.4 Total Restructuring charges $ 10.2 $ 1.2 $ 1.6 $ 13.0
Schedule of restructuring reserve by type of cost	Liability balances for restructuring activities are included in other current liabilities in the accompanying Balance Sheet. The table below details the activities in 2021: Impact to Earnings (In millions) Balance as of December 31, 2020 Charged to Earnings Releases Cash Payments Balance as of June 30, 2021 2020 restructuring plan Severance and related expense $ 3.7 $ 1.0 $ (0.8) $ (2.1) $ 1.8 Employee overlap costs — 0.7 — (0.7) — Retention bonus 0.1 0.4 — (0.1) 0.4 Other 0.2 0.7 — (0.9) — Total $ 4.0 $ 2.8 $ (0.8) $ (3.8) $ 2.2

Description of Business and B_3

Description of Business and Basis of Presentation (Details)	May 28, 2021USD ($)
Convertible Senior Notes \| Convertible Debt
Debt Instrument [Line Items]
Aggregate principal amount of debt	$ 402,500,000

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
Acquisitions - Narrative (Details) $ in Millions	Jun. 30, 2020USD ($)	Jun. 30, 2021acquisition	Feb. 28, 2021USD ($)
AutoCoding Systems
Business Acquisition [Line Items]
Percentage of voting interests acquired		100.00%
Number of businesses acquired \| acquisition		1
Goodwill expected to be tax deductible			$ 0.7
MARS
Business Acquisition [Line Items]
Purchase price	$ 5
Goodwill expected to be tax deductible	$ 3.1

Acquisitions - Fair Values of A

Acquisitions - Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Feb. 28, 2021	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Net consideration			$ 15.9	$ 4.5
Goodwill		$ 552.1	$ 552.1		$ 543.9
AutoCoding Systems
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets	$ 2.9
Inventories	0.7
Other intangible assets	7.9
Deferred taxes	(1.4)
Financial liabilities	(2.9)
Total identifiable net assets	7.2
Cash consideration paid	17
Cash acquired	1.1
Net consideration	15.9
Goodwill	9.8
Refined adjustment for intangibles		(2)
Refined adjustment for deferred taxes		0.5
Net increase in goodwill		$ 2
Goodwill expected to be tax deductible	0.7
AutoCoding Systems \| Customer Relationships
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets	$ 3.7
Intangible assets useful lives	14 years
AutoCoding Systems \| Technology-Based Intangible Assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets	$ 3.4
Intangible assets useful lives	4 years
AutoCoding Systems \| Trade Names
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets	$ 0.8
Intangible assets useful lives	19 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Goodwill [Roll Forward]
Balance as of December 31, 2020	$ 543.9
Acquisitions	9.8
Currency translation	(1.6)
Balance as of June 30, 2021	552.1
JBT FoodTech
Goodwill [Roll Forward]
Balance as of December 31, 2020	505.7
Acquisitions	9.8
Currency translation	(1.6)
Balance as of June 30, 2021	513.9
JBT AeroTech
Goodwill [Roll Forward]
Balance as of December 31, 2020	38.2
Acquisitions	0
Currency translation	0
Balance as of June 30, 2021	$ 38.2

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 479.6	$ 473.2
Accumulated amortization	190.4	174.1
Non-amortizing intangible assets	10.7	10.8
Customer relationship
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	259.9	256.9
Accumulated amortization	92	82.8
Patents and acquired technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	154.7	151.3
Accumulated amortization	75.4	65.2
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	45.5	44.8
Accumulated amortization	14.3	16.8
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	8.8	9.4
Accumulated amortization	$ 8.7	$ 9.3

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 92.1	$ 87.3
Work in process	55.8	51.4
Finished goods	137.1	136.4
Gross inventories before LIFO reserves and valuation adjustments	285	275.1
LIFO reserves	(50.8)	(49.2)
Valuation adjustments	(30.1)	(28.6)
Net inventories	$ 204.1	$ 197.3

Pension - Components of Net Per

Pension - Components of Net Periodic Benefit Cost (Details) - Pension Benefits - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.6	$ 0.6	$ 1.2	$ 1.1
Interest cost	1.7	2.3	3.3	4.6
Expected return on plan assets	(3.9)	(3.3)	(7.8)	(6.6)
Amortization of net actuarial losses	2.3	2	4.6	4
Net periodic cost	$ 0.7	$ 1.6	$ 1.3	$ 3.1

Pension - Narrative (Details)

Pension - Narrative (Details) - UNITED STATES	6 Months Ended
Pension - Narrative (Details) - UNITED STATES	Jun. 30, 2021USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions to pension and other postretirement benefit plans in current year	$ 15,200,000
US Qualified Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions made	$ 0

Debt - Narrative (Details)

Debt - Narrative (Details) $ / shares in Units, shares in Millions	May 28, 2021USD ($)$ / sharesRate	Jun. 30, 2021USD ($)day$ / sharesshares	Jun. 30, 2020USD ($)	Jun. 19, 2018USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of debt		$ 392,200,000	$ 0
Purchase of convertible bond hedge		65,600,000	0
Proceeds from sale of warrants		29,500,000	$ 0
Convertible Debt \| Convertible Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount of debt	$ 402,500,000
Stated interest rate on debt (percent)	0.25%
Proceeds from issuance of debt	$ 392,200,000
Debt Instrument, Convertible, Conversion Ratio \| Rate	589.58%
Debt Instrument, Convertible, Redemption Multiple of Principal	$ 1,000	1,000
Conversion price on convertible debt (in USD per share) \| $ / shares	$ 169.61
Aggregate principal amount of notes that must be outstanding not subject to redemption		100,000,000
Interest expense, debt		300,000
Contractual interest expense		100,000
Amortization of debt issuance cost		$ 200,000
Convertible Debt \| Convertible Senior Notes \| Debt Instrument, Convertible, Term One
Debt Instrument [Line Items]
Threshold percentage of stock price trigger		130.00%
Number of trading days \| day		20
Number of consecutive trading days \| day		30
Convertible Debt \| Convertible Senior Notes \| Debt Instrument, Convertible, Term Two
Debt Instrument [Line Items]
Threshold percentage of stock price trigger		98.00%
Number of trading days \| day		5
Number of consecutive trading days \| day		10
Convertible Debt \| Convertible Senior Notes \| Convertible Note Hedge
Debt Instrument [Line Items]
Purchase of convertible bond hedge		$ 65,600,000
Number of shares covered in transaction (in shares) \| shares		2.4
Approximate strike price (in dollars per share) \| $ / shares		$ 169.61
Adjustments to additional paid in capital, convertible note hedge transactions		$ 17,100,000
Convertible Debt \| Convertible Senior Notes \| Convertible Note Warrants
Debt Instrument [Line Items]
Number of shares covered in transaction (in shares) \| shares		2.4
Approximate strike price (in dollars per share) \| $ / shares		$ 240.02
Proceeds from sale of warrants		$ 29,500,000
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Debt instrument, term		5 years
Maximum borrowing capacity (up to)				$ 1,000,000,000

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	6 Months Ended
Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt, net	$ 641.1	$ 522.5
Convertible Senior Notes \| Convertible Debt
Debt Instrument [Line Items]
Maturity Date	May 15, 2026
Long-term debt, gross	$ 402.5	0
Less: unamortized debt issuance costs	(10.9)	0
Long-term debt, net	$ 391.6	0
Effective interest rate	0.82%
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Maturity Date	Jun. 19, 2023
Long-term debt, gross	$ 250	523.9
Less: unamortized debt issuance costs	(0.5)	(1.4)
Long-term debt, net	$ 249.5	$ 522.5
Weighted average interest rate	1.32%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Change in AOCI Balances (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 672.1	$ 570.7	$ 637.1	$ 569.5
Other comprehensive income (loss) before reclassification	3.4	(1.8)	11.3	(28.9)
Amounts reclassified from accumulated other comprehensive income	1.6	1	3.1	2
Ending balance	685.7	596.6	685.7	596.6
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(210.5)	(218.9)	(219.9)	(192.8)
Ending balance	(205.5)	(219.7)	(205.5)	(219.7)
Pension and Other Postretirement Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(159.7)	(145.5)	(161.4)	(147)
Other comprehensive income (loss) before reclassification	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	1.7	1.3	3.4	2.8
Ending balance	(158)	(144.2)	(158)	(144.2)
Derivatives Designated as Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(0.6)	(2.3)	(3.8)	0.1
Other comprehensive income (loss) before reclassification	(0.7)	(2.3)	2.2	(4.7)
Amounts reclassified from accumulated other comprehensive income	0.4	0.3	0.7	0.3
Ending balance	(0.9)	(4.3)	(0.9)	(4.3)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(50.2)	(71.1)	(54.7)	(45.9)
Other comprehensive income (loss) before reclassification	4.1	0.5	9.1	(24.2)
Amounts reclassified from accumulated other comprehensive income	(0.5)	(0.6)	(1)	(1.1)
Ending balance	$ (46.6)	$ (71.2)	$ (46.6)	$ (71.2)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision (benefit)	$ 14.7	$ 10.6	$ 23.4	$ 19.5
Reclassification adjustments for foreign currency translation	0.7	0.7	1.4	1.4
Reclassification adjustment for foreign currency translation, tax	0.2	0.1	0.4	0.3
Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest expense, net	0.5	0.4	0.9	0.4
Income tax provision (benefit)	(0.1)	(0.1)	(0.2)	(0.1)
Selling, General and Administrative Expenses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustments for pension and postretirement benefit plans	2.3	1.7	4.6	3.7
Provision for Income Taxes
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustments for pension and postretirement benefit plans	$ 0.6	$ 0.4	$ 1.2	$ 0.9

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 475.5	$ 411.5	$ 893.3	$ 869.2
JBT FoodTech
Disaggregation of Revenue [Line Items]
Revenue	360.7	302.8	672.5	612.5
JBT FoodTech \| North America
Disaggregation of Revenue [Line Items]
Revenue	197.1	167.1	366.2	321.2
JBT FoodTech \| Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue	90.2	88.2	174.1	187.8
JBT FoodTech \| Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	45.3	32	86.6	67.4
JBT FoodTech \| Latin America
Disaggregation of Revenue [Line Items]
Revenue	28.1	15.5	45.6	36.1
JBT FoodTech \| Recurring
Disaggregation of Revenue [Line Items]
Revenue	164.4	147.7	314.8	301.4
JBT FoodTech \| Non-Recurring
Disaggregation of Revenue [Line Items]
Revenue	196.3	155.1	357.7	311.1
JBT AeroTech
Disaggregation of Revenue [Line Items]
Revenue	114.8	108.7	220.8	256.7
JBT AeroTech \| North America
Disaggregation of Revenue [Line Items]
Revenue	100	94.8	190	225.2
JBT AeroTech \| Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue	12	7.5	23.5	18.1
JBT AeroTech \| Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	1.4	5.8	4.7	11.5
JBT AeroTech \| Latin America
Disaggregation of Revenue [Line Items]
Revenue	1.4	0.6	2.6	1.9
JBT AeroTech \| Recurring
Disaggregation of Revenue [Line Items]
Revenue	44.3	32.9	85.8	78.6
JBT AeroTech \| Non-Recurring
Disaggregation of Revenue [Line Items]
Revenue	70.5	75.8	135	178.1
Point in Time \| JBT FoodTech
Disaggregation of Revenue [Line Items]
Revenue	169.2	141.7	316.3	290.1
Point in Time \| JBT AeroTech
Disaggregation of Revenue [Line Items]
Revenue	51.7	47.5	95.2	124.6
Over Time \| JBT FoodTech
Disaggregation of Revenue [Line Items]
Revenue	191.5	161.1	356.2	322.4
Over Time \| JBT AeroTech
Disaggregation of Revenue [Line Items]
Revenue	$ 63.1	$ 61.2	$ 125.6	$ 132.1

Revenue Recognition - Contract

Revenue Recognition - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract assets	$ 89.1	$ 68.3	$ 76.4	$ 74.4
Contract liabilities	$ 135.9	$ 123.8	$ 90.9	$ 92.5

Revenue Recognition - Revenue R

Revenue Recognition - Revenue Recognition (Details) $ in Millions	Jun. 30, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 880.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 880.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, percentage to be recognized	68.00%
Revenue, remaining performance obligation, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, percentage to be recognized	26.00%
Revenue, remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, percentage to be recognized	7.00%
Revenue, remaining performance obligation, period	1 year

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Contract liability, revenue recognized	$ 86.3	$ 68.4

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Basic earnings per share:
Income from continuing operations	$ 30.5	$ 32.5	$ 57.5	$ 61.5
Weighted average number of shares outstanding (in shares)	32	32	32	31.9
Basic earnings per share from continuing operations (in dollars per share)	$ 0.95	$ 1.02	$ 1.80	$ 1.92
Diluted earnings per share:
Income from continuing operations	$ 30.5	$ 32.5	$ 57.5	$ 61.5
Weighted average number of shares outstanding (in shares)	32	32	32	31.9
Effect of dilutive securities:
Restricted stock (in shares)	0.1	0	0.1	0.2
Total shares and dilutive securities (in shares)	32.1	32	32.1	32.1
Diluted earnings per share from continuing operations (in dollars per share)	$ 0.95	$ 1.01	$ 1.79	$ 1.92

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2021	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized holding gain	$ 1.1	$ 0.9
Level 1 \| Convertible Senior Notes \| Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible debt, fair value		$ 427.5

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Assets:
Derivatives	$ 7.3	$ 10
Liabilities:
Derivatives	3.9	16.6
Contingent consideration	0	19.1	$ 16.1	$ 17.4
Fair Value, Measurements, Recurring
Assets:
Investments	13.1	12.3
Derivatives	7.4	10
Total assets	20.5	22.3
Liabilities:
Derivatives	4.8	18.8
Contingent consideration	0	19.1
Total liabilities	4.8	37.9
Fair Value, Measurements, Recurring \| Level 1
Assets:
Investments	13.1	12.3
Derivatives	0	0
Total assets	13.1	12.3
Liabilities:
Derivatives	0	0
Contingent consideration	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring \| Level 2
Assets:
Investments	0	0
Derivatives	7.4	10
Total assets	7.4	10
Liabilities:
Derivatives	4.8	18.8
Contingent consideration	0	0
Total liabilities	4.8	18.8
Fair Value, Measurements, Recurring \| Level 3
Assets:
Investments	0	0
Derivatives	0	0
Total assets	0	0
Liabilities:
Derivatives	0	0
Contingent consideration	0	19.1
Total liabilities	$ 0	$ 19.1

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Changes in Contingent Consideration (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Business Combination, Contingent Consideration, Liability [Roll Forward]
Beginning balance	$ 19.1	$ 17.4
Measurement adjustments recorded to earnings	0	(0.1)
Cash payment	(19.4)	0
Foreign currency translation adjustment	0.3	(1.2)
Ending balance	$ 0	$ 16.1

Derivative Financial Instrume_3

Derivative Financial Instruments and Risk Management - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)derivative	Dec. 31, 2020USD ($)	May 31, 2020USD ($)derivative
Derivatives, Fair Value [Line Items]
Fair value of derivative liability	$ 3.9		$ 16.6
Not Designated as Hedging Instrument \| Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative, term of contract (less than)	2 years
Notional amount	$ 830.1
Net Investment Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Cross currency swap amount	116.4
Net investment hedge recorded in other comprehensive income (loss)	1.4
Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive income (loss)	1
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Number of derivative instruments held \| derivative				1
Cash Flow Hedging \| Designated as Hedging Instrument \| Forward Starting Interest Rate Swap
Derivatives, Fair Value [Line Items]
Number of derivative instruments held \| derivative		4
Cross currency swap amount		$ 200		$ 50
Other Liabilities \| Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair value of derivative liability	1.3
Other Assets \| Net Investment Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Net investment hedge recorded in other comprehensive income (loss)	1.9
Interest Expense \| Net Investment Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Gain (loss) recorded in interest expense	$ 1.4	$ 1.4

Derivative Financial Instrume_4

Derivative Financial Instruments and Risk Management - Fair Value of Foreign Currency Derivatives in Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Derivative Assets	$ 7.3	$ 10
Derivative Liabilities	3.9	16.6
Foreign Currency Derivatives and Embedded Derivatives
Derivative [Line Items]
Derivative Assets	5.5	10
Derivative Liabilities	$ 3.5	$ 12.7

Derivative Financial Instrume_5

Derivative Financial Instruments and Risk Management - Derivative Assets at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Assets	$ 7.3	$ 10
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Presented in the Consolidated Balance Sheet	7.3	10
Amount Subject to Master Netting Agreement	(1.2)	(8.6)
Net Amount	$ 6.1	$ 1.4

Derivative Financial Instrume_6

Derivative Financial Instruments and Risk Management - Derivative Liabilities at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liabilities	$ 3.9	$ 16.6
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Presented in the Consolidated Balance Sheet	3.9	16.6
Amount Subject to Master Netting Agreement	(1.2)	(8.6)
Net Amount	$ 2.7	$ 8

Derivative Financial Instrume_7

Derivative Financial Instruments and Risk Management - Location and Amount of Gain (Loss) on Foreign Currency Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	$ 1.8	$ 0.3	$ 1.5	$ (1.1)
Remeasurement of assets and liabilities in foreign currencies	(1.6)	(1.2)	(1.8)	1.8
Net gain (loss) on foreign currency transactions	0.2	(0.9)	(0.3)	0.7
Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	1.6	2.3	0.4	(2.3)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	(0.1)	(2.9)	0.8	(0.1)
Selling, general and administrative expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	$ 0.3	$ 0.9	$ 0.3	$ 1.3

Leases - Lease Revenue (Details

Leases - Lease Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Lease Revenue (Details) - USD ($) $ in Millions	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Fixed payment revenue	$ 16.6	$ 16.3	$ 32.9	$ 32.6
Variable payment revenue	3.9	3.7	8.4	8.8
Operating lease revenue	20.5	20	41.3	41.4
Sales-type lease revenue	$ 3.1	$ 2.1	$ 4.3	$ 3.6

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Product Warranty Liability [Line Items]
Guarantor obligations, expiration term	one year
Guarantor obligations, amount recoverable from third-parties (as a percent)	95.00%
Performance Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 202.1
Financial Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	7.6
Customers Financing Arrangements Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	1
Guarantor obligations, maximum exposure, undiscounted, net	$ 0.1

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Warranty Cost and Accrual Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 11.6	$ 11.7	$ 11.5	$ 12
Expense for new warranties	3.4	3.9	7.1	6.9
Adjustments to existing accruals	0	(0.6)	(0.2)	(0.4)
Claims paid	(2.6)	(3)	(5.8)	(6.4)
Added through acquisition	0	(0.1)	0	0
Translation	0.1	0.1	(0.1)	(0.1)
Balance at end of period	$ 12.5	$ 12	$ 12.5	$ 12

Business Segment Information -

Business Segment Information - Schedule of Segment Revenue and Operating Profit (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenue	$ 475.5	$ 411.5
Corporate expense	(101.6)	(80.5)	$ (196)	$ (177.8)
Restructuring expense	(1)	(2.1)	(2)	(4.1)
Operating income	47.3	47.6	85.1	91.3
Periodic pension cost, net	0	(1)	0	(2)
Income from continuing operations before income taxes	45.2	43.1	80.9	81
Operating segments
Segment Reporting Information [Line Items]
Revenue			893.3	869.2
Segment operating profit	63.6	59.3	115	118.5
Operating segments \| JBT FoodTech
Segment Reporting Information [Line Items]
Revenue	360.7	302.8	672.5	612.5
Segment operating profit	51.5	49	93	89.7
Operating segments \| JBT AeroTech
Segment Reporting Information [Line Items]
Revenue	114.8	108.7	220.8	256.7
Segment operating profit	12.1	10.3	22	28.8
Corporate, non-segment
Segment Reporting Information [Line Items]
Corporate expense	15.3	9.6	27.9	23.1
Restructuring expense	1	2.1	2	4.1
Operating income	47.3	47.6	85.1	91.3
Periodic pension cost, net	0	1	0	2
Interest expense, net	$ 2.1	$ 3.5	$ 4.2	$ 8.3

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
Restructuring - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2020	Mar. 31, 2018	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Sep. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1	$ 2.1			$ 2	$ 4.1
2018 restructuring plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges, release of liability					0.8
2018 restructuring plan \| JBT FoodTech
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, incurred cost				$ 62.2
Restructuring charges, release of liability				$ 11.9
2020 restructuring plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges, release of liability					0.8
Cumulative amount of restructuring costs	13				13		$ 10.2
Restructuring charges					13
Cumulative release of related liability					1.1
2020 restructuring plan \| JBT AeroTech
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan								$ 6
Severance and related expense \| Immaterial Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges, release of liability			$ 0.2
Restructuring charges			$ 2.4
Severance and related expense \| 2020 restructuring plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges, release of liability					0.8
Cumulative amount of restructuring costs	$ 8				$ 8		$ 7
Minimum \| 2020 restructuring plan \| JBT FoodTech
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan								9
Maximum \| 2020 restructuring plan \| JBT FoodTech
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan								$ 10

Restructuring - Restructuring E

Restructuring - Restructuring Expense (Details) - 2020 restructuring plan - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance		$ 10.2	$ 10.2
Charged to Earnings	$ 1.6	1.2	2.8
Cumulative amount of restructuring costs, ending balance	13		13
Severance and related expense
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance		7	7
Charged to Earnings	0.8	0.2	1
Cumulative amount of restructuring costs, ending balance	8		8
Inventory write-off
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance		1.9	1.9
Charged to Earnings	0	0
Cumulative amount of restructuring costs, ending balance	1.9		1.9
Employee overlap costs
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance		0.3	0.3
Charged to Earnings	0.3	0.4	0.7
Cumulative amount of restructuring costs, ending balance	1		1
Retention bonus
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance		0.3	0.3
Charged to Earnings	0	0.4	0.4
Cumulative amount of restructuring costs, ending balance	0.7		0.7
Other
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance		0.7	0.7
Charged to Earnings	0.5	$ 0.2	0.7
Cumulative amount of restructuring costs, ending balance	$ 1.4		$ 1.4

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Reserve by Type of Cost (Details) - 2020 restructuring plan - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance		$ 4	$ 4
Charged to Earnings	$ 1.6	1.2	2.8
Releases			(0.8)
Cash Payments			(3.8)
Restructuring reserve, ending balance	2.2		2.2
Severance and related expense
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance		3.7	3.7
Charged to Earnings	0.8	0.2	1
Releases			(0.8)
Cash Payments			(2.1)
Restructuring reserve, ending balance	1.8		1.8
Employee overlap costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance		0	0
Charged to Earnings	0.3	0.4	0.7
Releases			0
Cash Payments			(0.7)
Restructuring reserve, ending balance	0		0
Retention bonus
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance		0.1	0.1
Charged to Earnings	0	0.4	0.4
Releases			0
Cash Payments			(0.1)
Restructuring reserve, ending balance	0.4		0.4
Other
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance		0.2	0.2
Charged to Earnings	0.5	$ 0.2	0.7
Releases			0
Cash Payments			(0.9)
Restructuring reserve, ending balance	$ 0		$ 0

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - Manufacturing Facility Lease - Affiliated Entity $ in Millions	Sep. 01, 2019USD ($)
Related Party Transaction [Line Items]
Term of lease (in years)	8 years
Right of use asset	$ 3.3
Lease liability	$ 3.6

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	Jul. 02, 2021USD ($)
Subsequent Event \| Prevenio
Subsequent Event [Line Items]
Total consideration	$ 172.4

Uncategorized Items - jbt-20210

Label	Element	Value
Accounting Standards Update [Extensible List]	us-gaap_AccountingStandardsUpdateExtensibleList	us-gaap:AccountingStandardsUpdate201613Member