JBT Marel (JBTM) 10-Q 29 Apr 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	Apr. 22, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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		31,784,331
Entity Central Index Key	0001433660
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue	$ 469.2	$ 417.8
Operating expenses:
Selling, general and administrative expense	108.4	94.4
Restructuring expense	0.5	1
Operating income	30.6	37.8
Interest expense, net	2.1	2.1
Net income before income taxes	28.5	35.7
Income tax provision	2.9	8.7
Net income	$ 25.6	$ 27
Basic earnings per share:
Net income (in dollars per share)	$ 0.80	$ 0.84
Diluted earnings per share:
Net income (in dollars per share)	$ 0.80	$ 0.84
Product
Revenue	$ 400.9	$ 360.7
Operating expenses:
Cost of goods and services	281.8	245.1
Service
Revenue	68.3	57.1
Operating expenses:
Cost of goods and services	$ 47.9	$ 39.5

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 25.6	$ 27
Other comprehensive income, net of income taxes
Foreign currency translation adjustments	0.1	4.5
Pension and other postretirement benefits adjustments	1.6	1.7
Derivatives designated as hedges	7.3	3.2
Other comprehensive income	9	9.4
Comprehensive income	$ 34.6	$ 36.4

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 84.2	$ 78.8
Trade receivables, net of allowances	236.9	239.1
Contract assets	104	94.4
Inventories	275.6	229.1
Other current assets	76.4	77.3
Total current assets	777.1	718.7
Property, plant and equipment, net of accumulated depreciation of $347.3 and $339.2 respectively	269.2	267.6
Goodwill	681.9	684.8
Intangible assets, net	329.1	342.6
Other assets	152.6	127.7
Total Assets	2,209.9	2,141.4
Current Liabilities:
Short-term debt	0.1	0
Accounts payable, trade and other	212.5	186
Advance and progress payments	218.7	190.2
Other current liabilities	164.6	173.7
Total current liabilities	595.9	549.9
Long-term debt	669.9	674.4
Accrued pension and other postretirement benefits, less current portion	53.2	57.6
Other liabilities	107.3	109
Commitments and contingencies (Note 13)
Stockholders' Equity:
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2022 or 2021	0	0
Common stock, $0.01 par value; 120,000,000 shares authorized; March 31, 2022: 31,770,216 issued and outstanding; December 31, 2021: 31,769,967 issued and outstanding	0.3	0.3
Common stock held in treasury, at cost March 31, 2022: 0 shares and December 31, 2021: 0 shares	0	0
Additional paid-in capital	215.9	214.2
Retained earnings	755.8	733.4
Accumulated other comprehensive loss	(188.4)	(197.4)
Total stockholders' equity	783.6	750.5
Total Liabilities and Stockholders' Equity	$ 2,209.9	$ 2,141.4

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Property, plant and equipment, accumulated depreciation	$ 347.3	$ 339.2
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)	31,770,216	31,769,967
Common stock, shares outstanding (in shares)		31,769,967
Common stock held in treasury (in shares)	0	0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 25.6	$ 27
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	19.9	18.3
Stock-based compensation	1.7	1.8
Other	1.7	1
Changes in operating assets and liabilities:
Trade receivables, net and contract assets	(6.5)	20.1
Inventories	(47.2)	(0.9)
Accounts payable, trade and other	27.2	11.1
Advance and progress payments	28.4	11.3
Accrued pension and other postretirement benefits, net	(2)	(0.2)
Other assets and liabilities, net	(9.7)	(3.8)
Cash provided by operating activities	39.1	85.7
Cash flows from investing activities:
Acquisitions, net of cash acquired	(0.4)	(15.9)
Capital expenditures	(26.7)	(8.9)
Proceeds from disposal of assets	0.1	0.6
Cash required by investing activities	(27)	(24.2)
Cash flows from financing activities:
Net proceeds (payments) on short-term debt	0.1	(1.9)
Net payments for domestic credit facilities	(4.5)	(44.9)
Dividends	(3.2)	(3.2)
Cash required by financing activities	(7.6)	(50)
Effect of foreign exchange rate changes on cash and cash equivalents	0.9	(1.5)
Increase in cash and cash equivalents	5.4	10
Cash and cash equivalents, beginning of period	78.8	47.5
Cash and cash equivalents, end of period	84.2	57.5
Supplemental Cash Flow Information:
Non-cash investing in capital expenditures, accrued but not paid	$ 6	$ 0.1

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)
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	27				27
Issuance of treasury stock	0		0.1	(0.1)
Common stock cash dividends	(3.2)				(3.2)
Foreign currency translation adjustments, net of income taxes	4.5					4.5
Derivatives designated as hedges, net of income taxes	3.2					3.2
Pension and other postretirement liability adjustments, net of income taxes	1.7					1.7
Stock-based compensation expense	1.8			1.8
Ending balance at Mar. 31, 2021	672.1	0.3	(0.9)	231.6	651.6	(210.5)
Beginning balance at Dec. 31, 2021	750.5	0.3	0	214.2	733.4	(197.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	25.6				25.6
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	7.3					7.3
Pension and other postretirement liability adjustments, net of income taxes	1.6					1.6
Stock-based compensation expense	1.7			1.7
Ending balance at Mar. 31, 2022	$ 783.6	$ 0.3	$ 0	$ 215.9	$ 755.8	$ (188.4)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Common stock cash dividends (in usd per share)	$ 0.10	$ 0.10
Foreign currency, translation adjustments, tax	$ (0.2)	$ (1.1)
Derivatives designated as hedges, tax	(2.6)	(1.1)
Pension and other postretirement liability adjustments, tax	$ (0.5)	$ (0.6)

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2022
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, 2021, 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 Issued Accounting Standards Not Yet Adopted In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance. This update requires annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. This standard is effective for annual periods beginning after December 15, 2021 and should be applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2021-10 within its Form 10-K for the fiscal year 2022.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	ACQUISITIONS During fiscal year 2021 the Company acquired 100% of voting equity of three businesses. The Company did not make any acquisitions during the three months ended March 31, 2022. A summary of the acquisitions made during 2021 is as follows: Date Type Company/Product Line Location (Near) Segment November 2, 2021 Stock Urtasun Tecnología Alimentaria S.L ("Urtasun") Navarra, Spain JBT FoodTech A provider of fruit and vegetable processing solutions, particularly in the fresh packaged and frozen markets. The Urtasun acquisition extends the Company's capabilities in providing fruit and vegetable processing solutions. July 2, 2021 Stock CMS Technology, Inc ("Prevenio") Bridgewater, New Jersey JBT FoodTech A provider of innovative food safety solutions primarily for the poultry industry as well as produce applications. Prevenio provides a pathogen protection solution through its anti-microbial delivery equipment that enhances food safety and integrity, and creates a safer work environment for its customers and their employees. This acquisition enhances the Company’s recurring revenue portfolio and furthers its investment in solutions that support its customers’ daily operations. 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. 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. (In millions) Urtasun (1) Prevenio (2) ACS (3) Total Financial assets $ 8.5 $ 8.1 $ 2.9 $ 19.5 Inventories 3.4 0.2 0.7 4.3 Property, plant and equipment 3.2 4.1 — 7.3 Customer relationship (4) 11.5 41.0 3.7 56.2 Patents and acquired technology (4) 6.0 17.5 3.4 26.9 Trademarks (4) 2.2 0.7 0.8 3.7 Deferred taxes (5.9) (15.5) (0.9) (22.3) Financial liabilities (7.2) (3.4) (2.9) (13.5) Total identifiable net assets $ 21.7 $ 52.7 $ 7.7 $ 82.1 Cash consideration paid $ 44.2 $ 173.3 $ 16.8 $ 234.3 Cash acquired 4.8 3.5 1.1 9.4 Net consideration $ 39.4 $ 169.8 $ 15.7 $ 224.9 Goodwill (5) $ 22.5 $ 120.6 $ 9.1 $ 152.2 (1) The purchase accounting for Urtasun is provisional. The valuation of certain working capital balances, property, plant and equipment, 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 March 31, 2022, the Company made no significant measurement period adjustments for Urtasun. (2) The purchase accounting for Prevenio is provisional. The valuation of income tax balances, intangible assets 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 March 31, 2022, the Company made no significant measurement period adjustments for Prevenio. (3) The purchase accounting for ACS was final as of December 31, 2021. (4) The acquired intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from four

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2022
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, 2021 $ 646.7 $ 38.1 $ 684.8 Acquisitions 1.3 — 1.3 Currency translation (4.1) (0.1) (4.2) Balance as of March 31, 2022 $ 643.9 $ 38.0 $ 681.9 Intangible assets consisted of the following: March 31, 2022 December 31, 2021 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 307.3 $ 107.1 $ 309.3 $ 102.0 Patents and acquired technology 171.6 85.1 174.5 82.0 Trademarks 47.4 15.5 47.2 15.0 Non-amortizing intangible assets 10.5 — 10.6 — Other 8.7 8.7 8.7 8.7 Total intangible assets $ 545.5 $ 216.4 $ 550.3 $ 207.7

Inventories

Inventories	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories consisted of the following: (In millions) March 31, 2022 December 31, 2021 Raw materials $ 121.3 $ 101.0 Work in process 75.7 59.1 Finished goods 163.2 151.8 Gross inventories before LIFO reserves and valuation adjustments 360.2 311.9 LIFO reserves (51.9) (53.3) Valuation adjustments (32.7) (29.5) Net inventories $ 275.6 $ 229.1

Pension

Pension	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
Pension	PENSION Components of net periodic benefit cost were as follows: Three Months Ended March 31, (In millions) 2022 2021 Service cost $ 0.5 $ 0.6 Interest cost 1.9 1.6 Expected return on plan assets (3.9) (3.9) Amortization of net actuarial losses 2.0 2.3 Net periodic cost $ 0.5 $ 0.6 The Company expects to contribute $13.1 million to its pension and other post-retirement benefit plans in 2022. 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. We have made no contribution to our U.S. qualified pension plan during the three months ended March 31, 2022.

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	DEBT The components of the Company's borrowings were as follows: (In millions) Maturity Date March 31, 2022 December 31, 2021 Revolving credit facility (1) December 14, 2026 $ 277.8 $ 282.9 Less: unamortized debt issuance costs $ (1.1) $ (1.2) Revolving credit facility, net $ 276.7 $ 281.7 Convertible senior notes (2) May 15, 2026 $ 402.5 $ 402.5 Less: unamortized debt issuance costs $ (9.3) $ (9.8) Convertible senior notes, net $ 393.2 $ 392.7 Long-term debt, net $ 669.9 $ 674.4 (1) Weighted-average interest rate at March 31, 2022 was 1.42% (2) Effective interest rate for the Notes (as defined below) for the quarter ended March 31, 2022 was 0.82% Interest expense of $0.8 million recognized for the Notes included contractual interest expense of $0.3 million and the amortization of debt issuance cost of $0.5 million for the three months ended March 31, 2022. Convertible Note Hedge Transactions 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. 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. On May 28, 2021, 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 March 31, 2022. 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.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 and 2021 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, December 31, 2021 $ (145.5) $ 1.8 $ (53.7) $ (197.4) Other comprehensive income before reclassification — 7.0 0.6 7.6 Amounts reclassified from accumulated other comprehensive income 1.6 0.3 (0.5) 1.4 Ending balance, March 31, 2022 $ (143.9) $ 9.1 $ (53.6) $ (188.4) (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 March 31, 2022 were $2.0 million of charges to pension expense, other than service cost, net of $0.4 million income tax benefit. 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 March 31, 2022 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, December 31, 2020 $ (161.4) $ (3.8) $ (54.7) $ (219.9) Other comprehensive income before reclassification — 2.9 5.0 7.9 Amounts reclassified from accumulated other comprehensive income 1.7 0.3 (0.5) 1.5 Ending balance, March 31, 2021 $ (159.7) $ (0.6) $ (50.2) $ (210.5) (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 March 31, 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 $0.4 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 March 31, 2021 were $0.7 million of benefit in interest expense, net of $0.2 million income tax provision.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Transaction price allocated to remaining performance obligations The Company has estimated that $1.1 billion 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 March 31, 2022. The Company expects to complete these obligations and recognize 86% as revenue in 2022, 13% in 2023, and remaining after 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 Three Months Ended March 31, 2022 March 31, 2021 (In millions) JBT FoodTech JBT AeroTech JBT FoodTech JBT AeroTech Type of Good or Service Recurring (1) $ 174.2 $ 48.7 $ 150.4 $ 41.5 Non-recurring (1) 182.1 64.2 161.4 64.5 Total 356.3 112.9 311.8 106.0 Geographical Region (2) North America 210.3 104.1 169.1 90.0 Europe, Middle East and Africa 89.4 5.3 83.9 11.5 Asia Pacific 36.0 2.7 41.3 3.3 Latin America 20.6 0.8 17.5 1.2 Total 356.3 112.9 311.8 106.0 Timing of Recognition Point in Time 171.9 49.6 147.1 43.5 Over Time 184.4 63.3 164.7 62.5 Total 356.3 112.9 311.8 106.0 (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) March 31, 2022 December 31, 2021 Contract Assets $ 104.0 $ 94.4 Contract Liabilities 207.1 178.0 Balances as of March 31, 2021 December 31, 2020 Contract Assets 76.9 68.3 Contract Liabilities 132.9 123.8

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
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 net income for the respective periods and basic and diluted shares outstanding: Three Months Ended March 31, (In millions, except per share data) 2022 2021 Basic earnings per share: Net income $ 25.6 $ 27.0 Weighted average number of shares outstanding 32.0 32.0 Basic earnings per share from net income $ 0.80 $ 0.84 Diluted earnings per share: Net income $ 25.6 $ 27.0 Weighted average number of shares outstanding 32.0 32.0 Effect of dilutive securities: Restricted stock 0.1 0.1 Total shares and dilutive securities 32.1 32.1 Diluted earnings per share from net income $ 0.80 $ 0.84

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 As of December 31, 2021 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 12.9 $ 12.9 $ — $ — $ 13.5 $ 13.5 $ — $ — Derivatives 25.1 — 25.1 — 18.4 — 18.4 — Total assets $ 38.0 $ 12.9 $ 25.1 $ — $ 31.9 $ 13.5 $ 18.4 $ — Liabilities: Derivatives $ 7.2 $ — $ 7.2 $ — $ 9.4 $ — $ 9.4 $ — Total liabilities $ 7.2 $ — $ 7.2 $ — $ 9.4 $ — $ 9.4 $ — 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 loss of $0.9 million and $0.5 million as of March 31, 2022 and December 31, 2021, respectively. 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 $385.4 million as of March 31, 2022. 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 revolving credit facility recorded in long-term debt on the Balance Sheet approximate their fair values due to their variable interest rates.

Derivative Financial Instrument

Derivative Financial Instruments and Risk Management	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 of $701.7 million, as hedges and therefore does not apply hedge accounting. The fair values of our foreign currency derivative assets are recorded within other current assets and other assets, and the fair values of foreign currency derivative liabilities are recorded within other current liabilities and other liabilities. The following table presents the fair value of foreign currency derivatives and embedded derivatives included within the Balance Sheet: As of March 31, 2022 As of December 31, 2021 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Total $ 6.6 $ 7.2 $ 10.6 $ 9.4 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 March 31, 2022 and December 31, 2021, information related to these offsetting arrangements was as follows: (In millions) As of March 31, 2022 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 $ 23.6 $ — $ 23.6 $ (3.1) $ 20.5 (In millions) As of March 31, 2022 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 $ 7.0 $ — $ 7.0 $ (3.1) $ 3.9 (In millions) As of December 31, 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 $ 17.5 $ — $ 17.5 $ (7.3) $ 10.2 (In millions) As of December 31, 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 $ 9.1 $ — $ 9.1 $ (7.3) $ 1.8 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 Three Months Ended March 31, (In millions) 2022 2021 Foreign exchange contracts Revenue $ (0.2) $ (1.2) Foreign exchange contracts Cost of sales (0.9) 0.9 Foreign exchange contracts Selling, general and administrative expense 0.5 — Total (0.6) (0.3) Remeasurement of assets and liabilities in foreign currencies 1.1 (0.3) Net gain (loss) on foreign currency transactions $ 0.5 $ (0.6) 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 March 31, 2022, the fair value of these derivatives designated as cash flow hedges were recorded in the Balance Sheet as other assets of $12.2 million and as accumulated other comprehensive income, net of tax, of $9.1 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. Coupon interest from cross currency swap agreement recorded in interest expense, net was approximately $0.7 million for both the three months ended March 31, 2022 and 2021. At March 31, 2022, the fair value of these derivatives designated as net investment hedges were recorded in the Balance Sheet as other assets of $6.2 million and as accumulated other comprehensive income, net of tax, of $4.6 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 March 31, 2022, 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	3 Months Ended
	Mar. 31, 2022
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 March 31, (In millions) 2022 2021 Fixed payment revenue $ 15.6 $ 16.3 Variable payment revenue 9.4 4.5 Operating lease revenue $ 25.0 $ 20.8 Sales-type lease revenue $ 0.7 $ 1.2 Refer to Note 16. Related Party Transactions for details of operating lease agreements with related parties.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
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 $172.6 million at March 31, 2022, represent guarantees of future performance. The Company has also provided $6.4 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 March 31, 2022, the gross value of such arrangements was $0.6 million, of which the Company's net exposure under such guarantees was less than $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 March 31, (In millions) 2022 2021 Balance at beginning of period $ 12.7 $ 11.5 Expense for new warranties 2.7 3.7 Adjustments to existing accruals (0.1) (0.2) Claims paid (3.0) (3.2) Translation (0.1) (0.2) Balance at end of period $ 12.2 $ 11.6

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2022
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, 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, plant-based meats 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 March 31, (In millions) 2022 2021 Revenue JBT FoodTech $ 356.3 $ 311.8 JBT AeroTech 112.9 106.0 Total revenue 469.2 417.8 Income before income taxes Segment operating profit: JBT FoodTech 39.9 41.5 JBT AeroTech 6.8 9.9 Total segment operating profit 46.7 51.4 Corporate items: Corporate expense (1) 15.6 12.6 Restructuring expense (2) 0.5 1.0 Operating income 30.6 37.8 Interest expense, net 2.1 2.1 Net income before income taxes $ 28.5 $ 35.7 (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	3 Months Ended
	Mar. 31, 2022
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 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 approximately $11 million for FoodTech and approximately $6 million for AeroTech to be completed by second quarter of 2022. The Company recognized restructuring charges of $18.0 million, net of a cumulative release of the related liability of $1.6 million, through March 31, 2022. 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 Three Months Ended Cumulative Amount (In millions) Balance as of December 31, 2021 March 31, 2022 Balance as of March 31, 2022 2020 restructuring plan Severance and related expense 9.2 0.2 9.4 Inventory write-off 2.1 0.2 2.3 Employee overlap costs 2.1 0.2 2.3 Retention bonus 0.5 — 0.5 Other 3.3 0.2 3.5 Total Restructuring charges $ 17.2 $ 0.8 $ 18.0 Restructuring charges, net of related release of liability, is reported within the following financial statement line items of the accompanying Consolidated Statements of Income: Three Months Ended March 31, (In millions) 2022 2021 Cost of products (1) 0.2 — Restructuring expense 0.5 1.0 Total restructuring charge $ 0.7 $ 1.0 (1) Restructuring charge reported in Cost of products is related to inventory write-off resulting from the 2020 restructuring plan. Liability balances for restructuring activities are included in other current liabilities in the accompanying Balance Sheet. The table below details the activities in 2022: Impact to Earnings (In millions) Balance as of December 31, 2021 Charged to Earnings Releases Cash Payments Balance as of March 31, 2022 2020 restructuring plan Severance and related expense $ 0.7 $ 0.2 $ (0.1) $ (0.2) $ 0.6 Employee overlap costs — 0.2 — (0.2) — Retention bonus 0.1 — — — 0.1 Other — 0.2 — (0.2) — Total $ 0.8 $ 0.6 $ (0.1) $ (0.6) $ 0.7 The Company released $0.1 million of liability during the three months ended March 31, 2022 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	3 Months Ended
	Mar. 31, 2022
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. As of March 31, 2022, the operating lease right-of-use asset and the lease liability related to this agreement is $3.0 million and $3.2 million, respectively.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
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, 2021, 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	Recently Issued Accounting Standards Not Yet Adopted In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance. This update requires annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. This standard is effective for annual periods beginning after December 15, 2021 and should be applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2021-10 within its Form 10-K for the fiscal year 2022.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of business combinations	A summary of the acquisitions made during 2021 is as follows: Date Type Company/Product Line Location (Near) Segment November 2, 2021 Stock Urtasun Tecnología Alimentaria S.L ("Urtasun") Navarra, Spain JBT FoodTech A provider of fruit and vegetable processing solutions, particularly in the fresh packaged and frozen markets. The Urtasun acquisition extends the Company's capabilities in providing fruit and vegetable processing solutions. July 2, 2021 Stock CMS Technology, Inc ("Prevenio") Bridgewater, New Jersey JBT FoodTech A provider of innovative food safety solutions primarily for the poultry industry as well as produce applications. Prevenio provides a pathogen protection solution through its anti-microbial delivery equipment that enhances food safety and integrity, and creates a safer work environment for its customers and their employees. This acquisition enhances the Company’s recurring revenue portfolio and furthers its investment in solutions that support its customers’ daily operations. 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.
Schedule of assets acquired and liabilities assumed	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. (In millions) Urtasun (1) Prevenio (2) ACS (3) Total Financial assets $ 8.5 $ 8.1 $ 2.9 $ 19.5 Inventories 3.4 0.2 0.7 4.3 Property, plant and equipment 3.2 4.1 — 7.3 Customer relationship (4) 11.5 41.0 3.7 56.2 Patents and acquired technology (4) 6.0 17.5 3.4 26.9 Trademarks (4) 2.2 0.7 0.8 3.7 Deferred taxes (5.9) (15.5) (0.9) (22.3) Financial liabilities (7.2) (3.4) (2.9) (13.5) Total identifiable net assets $ 21.7 $ 52.7 $ 7.7 $ 82.1 Cash consideration paid $ 44.2 $ 173.3 $ 16.8 $ 234.3 Cash acquired 4.8 3.5 1.1 9.4 Net consideration $ 39.4 $ 169.8 $ 15.7 $ 224.9 Goodwill (5) $ 22.5 $ 120.6 $ 9.1 $ 152.2 (1) The purchase accounting for Urtasun is provisional. The valuation of certain working capital balances, property, plant and equipment, 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 March 31, 2022, the Company made no significant measurement period adjustments for Urtasun. (2) The purchase accounting for Prevenio is provisional. The valuation of income tax balances, intangible assets 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 March 31, 2022, the Company made no significant measurement period adjustments for Prevenio. (3) The purchase accounting for ACS was final as of December 31, 2021. (4) The acquired intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from four

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2021 $ 646.7 $ 38.1 $ 684.8 Acquisitions 1.3 — 1.3 Currency translation (4.1) (0.1) (4.2) Balance as of March 31, 2022 $ 643.9 $ 38.0 $ 681.9
Schedule of finite-lived intangible assets	Intangible assets consisted of the following: March 31, 2022 December 31, 2021 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 307.3 $ 107.1 $ 309.3 $ 102.0 Patents and acquired technology 171.6 85.1 174.5 82.0 Trademarks 47.4 15.5 47.2 15.0 Non-amortizing intangible assets 10.5 — 10.6 — Other 8.7 8.7 8.7 8.7 Total intangible assets $ 545.5 $ 216.4 $ 550.3 $ 207.7
Schedule of indefinite-lived intangible assets	Intangible assets consisted of the following: March 31, 2022 December 31, 2021 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 307.3 $ 107.1 $ 309.3 $ 102.0 Patents and acquired technology 171.6 85.1 174.5 82.0 Trademarks 47.4 15.5 47.2 15.0 Non-amortizing intangible assets 10.5 — 10.6 — Other 8.7 8.7 8.7 8.7 Total intangible assets $ 545.5 $ 216.4 $ 550.3 $ 207.7

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: (In millions) March 31, 2022 December 31, 2021 Raw materials $ 121.3 $ 101.0 Work in process 75.7 59.1 Finished goods 163.2 151.8 Gross inventories before LIFO reserves and valuation adjustments 360.2 311.9 LIFO reserves (51.9) (53.3) Valuation adjustments (32.7) (29.5) Net inventories $ 275.6 $ 229.1

Pension (Tables)

Pension (Tables)	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
Components of net periodic benefit cost (income)	Components of net periodic benefit cost were as follows: Three Months Ended March 31, (In millions) 2022 2021 Service cost $ 0.5 $ 0.6 Interest cost 1.9 1.6 Expected return on plan assets (3.9) (3.9) Amortization of net actuarial losses 2.0 2.3 Net periodic cost $ 0.5 $ 0.6

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The components of the Company's borrowings were as follows: (In millions) Maturity Date March 31, 2022 December 31, 2021 Revolving credit facility (1) December 14, 2026 $ 277.8 $ 282.9 Less: unamortized debt issuance costs $ (1.1) $ (1.2) Revolving credit facility, net $ 276.7 $ 281.7 Convertible senior notes (2) May 15, 2026 $ 402.5 $ 402.5 Less: unamortized debt issuance costs $ (9.3) $ (9.8) Convertible senior notes, net $ 393.2 $ 392.7 Long-term debt, net $ 669.9 $ 674.4 (1) Weighted-average interest rate at March 31, 2022 was 1.42% (2) Effective interest rate for the Notes (as defined below) for the quarter ended March 31, 2022 was 0.82%

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Changes in the AOCI Balances	Changes in the AOCI balances for the three months ended March 31, 2022 and 2021 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, December 31, 2021 $ (145.5) $ 1.8 $ (53.7) $ (197.4) Other comprehensive income before reclassification — 7.0 0.6 7.6 Amounts reclassified from accumulated other comprehensive income 1.6 0.3 (0.5) 1.4 Ending balance, March 31, 2022 $ (143.9) $ 9.1 $ (53.6) $ (188.4) (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 before reclassification — 2.9 5.0 7.9 Amounts reclassified from accumulated other comprehensive income 1.7 0.3 (0.5) 1.5 Ending balance, March 31, 2021 $ (159.7) $ (0.6) $ (50.2) $ (210.5) (1) All amounts are net of income taxes.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2022
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 Three Months Ended March 31, 2022 March 31, 2021 (In millions) JBT FoodTech JBT AeroTech JBT FoodTech JBT AeroTech Type of Good or Service Recurring (1) $ 174.2 $ 48.7 $ 150.4 $ 41.5 Non-recurring (1) 182.1 64.2 161.4 64.5 Total 356.3 112.9 311.8 106.0 Geographical Region (2) North America 210.3 104.1 169.1 90.0 Europe, Middle East and Africa 89.4 5.3 83.9 11.5 Asia Pacific 36.0 2.7 41.3 3.3 Latin America 20.6 0.8 17.5 1.2 Total 356.3 112.9 311.8 106.0 Timing of Recognition Point in Time 171.9 49.6 147.1 43.5 Over Time 184.4 63.3 164.7 62.5 Total 356.3 112.9 311.8 106.0 (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) March 31, 2022 December 31, 2021 Contract Assets $ 104.0 $ 94.4 Contract Liabilities 207.1 178.0 Balances as of March 31, 2021 December 31, 2020 Contract Assets 76.9 68.3 Contract Liabilities 132.9 123.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
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 net income for the respective periods and basic and diluted shares outstanding: Three Months Ended March 31, (In millions, except per share data) 2022 2021 Basic earnings per share: Net income $ 25.6 $ 27.0 Weighted average number of shares outstanding 32.0 32.0 Basic earnings per share from net income $ 0.80 $ 0.84 Diluted earnings per share: Net income $ 25.6 $ 27.0 Weighted average number of shares outstanding 32.0 32.0 Effect of dilutive securities: Restricted stock 0.1 0.1 Total shares and dilutive securities 32.1 32.1 Diluted earnings per share from net income $ 0.80 $ 0.84

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 As of December 31, 2021 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 12.9 $ 12.9 $ — $ — $ 13.5 $ 13.5 $ — $ — Derivatives 25.1 — 25.1 — 18.4 — 18.4 — Total assets $ 38.0 $ 12.9 $ 25.1 $ — $ 31.9 $ 13.5 $ 18.4 $ — Liabilities: Derivatives $ 7.2 $ — $ 7.2 $ — $ 9.4 $ — $ 9.4 $ — Total liabilities $ 7.2 $ — $ 7.2 $ — $ 9.4 $ — $ 9.4 $ —

Derivative Financial Instrume_2

Derivative Financial Instruments and Risk Management (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 As of December 31, 2021 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Total $ 6.6 $ 7.2 $ 10.6 $ 9.4
Schedule of derivative assets at fair value	As of March 31, 2022 and December 31, 2021, information related to these offsetting arrangements was as follows: (In millions) As of March 31, 2022 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 $ 23.6 $ — $ 23.6 $ (3.1) $ 20.5 (In millions) As of December 31, 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 $ 17.5 $ — $ 17.5 $ (7.3) $ 10.2
Schedule of derivative liabilities at fair value	(In millions) As of March 31, 2022 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 $ 7.0 $ — $ 7.0 $ (3.1) $ 3.9 (In millions) As of December 31, 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 $ 9.1 $ — $ 9.1 $ (7.3) $ 1.8
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 Three Months Ended March 31, (In millions) 2022 2021 Foreign exchange contracts Revenue $ (0.2) $ (1.2) Foreign exchange contracts Cost of sales (0.9) 0.9 Foreign exchange contracts Selling, general and administrative expense 0.5 — Total (0.6) (0.3) Remeasurement of assets and liabilities in foreign currencies 1.1 (0.3) Net gain (loss) on foreign currency transactions $ 0.5 $ (0.6)

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, (In millions) 2022 2021 Fixed payment revenue $ 15.6 $ 16.3 Variable payment revenue 9.4 4.5 Operating lease revenue $ 25.0 $ 20.8 Sales-type lease revenue $ 0.7 $ 1.2

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of warranty cost and accrual information	Warranty cost and accrual information were as follows: Three Months Ended March 31, (In millions) 2022 2021 Balance at beginning of period $ 12.7 $ 11.5 Expense for new warranties 2.7 3.7 Adjustments to existing accruals (0.1) (0.2) Claims paid (3.0) (3.2) Translation (0.1) (0.2) Balance at end of period $ 12.2 $ 11.6

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of segment revenue and operating profit	Business segment information was as follows: Three Months Ended March 31, (In millions) 2022 2021 Revenue JBT FoodTech $ 356.3 $ 311.8 JBT AeroTech 112.9 106.0 Total revenue 469.2 417.8 Income before income taxes Segment operating profit: JBT FoodTech 39.9 41.5 JBT AeroTech 6.8 9.9 Total segment operating profit 46.7 51.4 Corporate items: Corporate expense (1) 15.6 12.6 Restructuring expense (2) 0.5 1.0 Operating income 30.6 37.8 Interest expense, net 2.1 2.1 Net income before income taxes $ 28.5 $ 35.7 (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)	3 Months Ended
	Mar. 31, 2022
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 Three Months Ended Cumulative Amount (In millions) Balance as of December 31, 2021 March 31, 2022 Balance as of March 31, 2022 2020 restructuring plan Severance and related expense 9.2 0.2 9.4 Inventory write-off 2.1 0.2 2.3 Employee overlap costs 2.1 0.2 2.3 Retention bonus 0.5 — 0.5 Other 3.3 0.2 3.5 Total Restructuring charges $ 17.2 $ 0.8 $ 18.0
Schedule of restructuring expense by consolidated income statement location	Restructuring charges, net of related release of liability, is reported within the following financial statement line items of the accompanying Consolidated Statements of Income: Three Months Ended March 31, (In millions) 2022 2021 Cost of products (1) 0.2 — Restructuring expense 0.5 1.0 Total restructuring charge $ 0.7 $ 1.0 (1) Restructuring charge reported in Cost of products is related to inventory write-off resulting from the 2020 restructuring plan.
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 2022: Impact to Earnings (In millions) Balance as of December 31, 2021 Charged to Earnings Releases Cash Payments Balance as of March 31, 2022 2020 restructuring plan Severance and related expense $ 0.7 $ 0.2 $ (0.1) $ (0.2) $ 0.6 Employee overlap costs — 0.2 — (0.2) — Retention bonus 0.1 — — — 0.1 Other — 0.2 — (0.2) — Total $ 0.8 $ 0.6 $ (0.1) $ (0.6) $ 0.7

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - 2021 Acquisitions	3 Months Ended
	Mar. 31, 2022acquisition
Business Acquisition [Line Items]
Percentage of voting interests acquired	100.00%
Number of businesses acquired	3

Acquisitions - Fair Values of A

Acquisitions - Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Nov. 02, 2021	Jul. 02, 2021	Feb. 28, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Net consideration				$ 0.4	$ 15.9
Goodwill				681.9		$ 684.8
Urtasun
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets	$ 8.5
Inventories	3.4
Property, plant and equipment	3.2
Deferred taxes	(5.9)
Financial liabilities	(7.2)
Total identifiable net assets	21.7
Cash consideration paid	44.2
Cash acquired	4.8
Net consideration	39.4
Goodwill	22.5
Urtasun | Customer relationship
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets	11.5
Urtasun | Patents and acquired technology
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets	6
Urtasun | Trademarks
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets	$ 2.2
Prevenio
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets		$ 8.1
Inventories		0.2
Property, plant and equipment		4.1
Deferred taxes		(15.5)
Financial liabilities		(3.4)
Total identifiable net assets		52.7
Cash consideration paid		173.3
Cash acquired		3.5
Net consideration		169.8
Goodwill		120.6
Prevenio | Customer relationship
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets		41
Prevenio | Patents and acquired technology
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets		17.5
Prevenio | Trademarks
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets		$ 0.7
AutoCoding Systems
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets			$ 2.9
Inventories			0.7
Property, plant and equipment			0
Deferred taxes			(0.9)
Financial liabilities			(2.9)
Total identifiable net assets			7.7
Cash consideration paid			16.8
Cash acquired			1.1
Net consideration			15.7
Goodwill			9.1
AutoCoding Systems | Customer relationship
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets			3.7
AutoCoding Systems | Patents and acquired technology
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets			3.4
AutoCoding Systems | Trademarks
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets			$ 0.8
Prevenio and AutoCoding Systems
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets				19.5
Inventories				4.3
Property, plant and equipment				7.3
Deferred taxes				(22.3)
Financial liabilities				(13.5)
Total identifiable net assets				82.1
Cash consideration paid				234.3
Cash acquired				9.4
Net consideration				224.9
Goodwill				152.2
Prevenio and AutoCoding Systems | Customer relationship
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets				56.2
Prevenio and AutoCoding Systems | Patents and acquired technology
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets				26.9
Prevenio and AutoCoding Systems | Trademarks
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets				3.7
2021 Acquisitions
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Goodwill expected to be tax deductible				$ 0.7
2021 Acquisitions | Minimum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets useful lives				4 years
2021 Acquisitions | Maximum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets useful lives				20 years
2021 Acquisitions | Customer relationship | Weighted Average
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets useful lives				14 years
2021 Acquisitions | Patents and acquired technology | Weighted Average
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets useful lives				8 years
2021 Acquisitions | Trademarks | Weighted Average
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets useful lives				17 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill [Roll Forward]
Balance as of December 31, 2021	$ 684.8
Acquisitions	1.3
Currency translation	(4.2)
Balance as of March 31, 2022	681.9
JBT FoodTech
Goodwill [Roll Forward]
Balance as of December 31, 2021	646.7
Acquisitions	1.3
Currency translation	(4.1)
Balance as of March 31, 2022	643.9
JBT AeroTech
Goodwill [Roll Forward]
Balance as of December 31, 2021	38.1
Acquisitions	0
Currency translation	(0.1)
Balance as of March 31, 2022	$ 38

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 545.5	$ 550.3
Accumulated amortization	216.4	207.7
Non-amortizing intangible assets	10.5	10.6
Customer relationship
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	307.3	309.3
Accumulated amortization	107.1	102
Patents and acquired technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	171.6	174.5
Accumulated amortization	85.1	82
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	47.4	47.2
Accumulated amortization	15.5	15
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	8.7	8.7
Accumulated amortization	$ 8.7	$ 8.7

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 121.3	$ 101
Work in process	75.7	59.1
Finished goods	163.2	151.8
Gross inventories before LIFO reserves and valuation adjustments	360.2	311.9
LIFO reserves	(51.9)	(53.3)
Valuation adjustments	(32.7)	(29.5)
Net inventories	$ 275.6	$ 229.1

Pension - Components of Net Per

Pension - Components of Net Periodic Benefit Cost (Details) - Pension Benefits - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.5	$ 0.6
Interest cost	1.9	1.6
Expected return on plan assets	(3.9)	(3.9)
Amortization of net actuarial losses	2	2.3
Net periodic cost	$ 0.5	$ 0.6

Pension - Narrative (Details)

Pension - Narrative (Details) - United States	3 Months Ended
	Mar. 31, 2022USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions to pension and other postretirement benefit plans in current year	$ 13,100,000
US Qualified Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions made	$ 0

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, net	$ 669.9	$ 674.4
Convertible Senior Notes | Convertible Debt
Debt Instrument [Line Items]
Maturity Date	May 15, 2026
Long-term debt, gross	$ 402.5	402.5
Less: unamortized debt issuance costs	(9.3)	(9.8)
Long-term debt, net	$ 393.2	392.7
Effective interest rate	0.82%
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maturity Date	Dec. 14, 2026
Long-term debt, gross	$ 277.8	282.9
Less: unamortized debt issuance costs	(1.1)	(1.2)
Long-term debt, net	$ 276.7	$ 281.7
Weighted average interest rate	1.42%

Debt - Narrative (Details)

Debt - Narrative (Details) - Convertible Debt - Convertible Senior Notes - USD ($) $ / shares in Units, shares in Millions	May 28, 2021	Mar. 31, 2022
Debt Instrument [Line Items]
Interest expense, debt		$ 800,000
Contractual interest expense		300,000
Amortization of debt issuance cost		$ 500,000
Aggregate principal amount of debt	$ 402,500,000
Stated interest rate on debt (percent)	0.25%
Conversion rate	589.58%
Redemption multiple	$ 1,000
Conversion price on convertible debt (in USD per share)	$ 169.61
Convertible Note Hedge
Debt Instrument [Line Items]
Purchase of convertible bond hedge	$ 65,600,000
Number of shares covered in transaction (in shares)	2.4
Approximate strike price (in dollars per share)	$ 169.61	$ 169.61
Adjustments to additional paid in capital, convertible note hedge transactions		$ 17,100,000
Convertible Note Warrants
Debt Instrument [Line Items]
Number of shares covered in transaction (in shares)		2.4
Approximate strike price (in dollars per share)		$ 240.02
Proceeds from Issuance of Warrants		$ 29,500,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Change in AOCI Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 750.5	$ 637.1
Other comprehensive income before reclassification	7.6	7.9
Amounts reclassified from accumulated other comprehensive income	1.4	1.5
Ending balance	783.6	672.1
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(197.4)	(219.9)
Ending balance	(188.4)	(210.5)
Pension and Other Postretirement Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(145.5)	(161.4)
Other comprehensive income before reclassification	0	0
Amounts reclassified from accumulated other comprehensive income	1.6	1.7
Ending balance	(143.9)	(159.7)
Derivatives Designated as Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	1.8	(3.8)
Other comprehensive income before reclassification	7	2.9
Amounts reclassified from accumulated other comprehensive income	0.3	0.3
Ending balance	9.1	(0.6)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(53.7)	(54.7)
Other comprehensive income before reclassification	0.6	5
Amounts reclassified from accumulated other comprehensive income	(0.5)	(0.5)
Ending balance	$ (53.6)	$ (50.2)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision (benefit)	$ 2.9	$ 8.7
Reclassification adjustments for foreign currency translation	0.7	0.7
Reclassification adjustment for foreign currency translation, tax	0.2	0.2
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	0.4	0.4
Income tax provision (benefit)	(0.1)	(0.1)
Selling, General and Administrative Expenses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustments for pension and postretirement benefit plans	2	2.3
Provision for Income Taxes
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustments for pension and postretirement benefit plans	$ 0.4	$ 0.6

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 469.2	$ 417.8
JBT FoodTech
Disaggregation of Revenue [Line Items]
Revenue	356.3	311.8
JBT FoodTech | North America
Disaggregation of Revenue [Line Items]
Revenue	210.3	169.1
JBT FoodTech | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue	89.4	83.9
JBT FoodTech | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	36	41.3
JBT FoodTech | Latin America
Disaggregation of Revenue [Line Items]
Revenue	20.6	17.5
JBT FoodTech | Recurring
Disaggregation of Revenue [Line Items]
Revenue	174.2	150.4
JBT FoodTech | Non-Recurring
Disaggregation of Revenue [Line Items]
Revenue	182.1	161.4
JBT AeroTech
Disaggregation of Revenue [Line Items]
Revenue	112.9	106
JBT AeroTech | North America
Disaggregation of Revenue [Line Items]
Revenue	104.1	90
JBT AeroTech | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue	5.3	11.5
JBT AeroTech | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	2.7	3.3
JBT AeroTech | Latin America
Disaggregation of Revenue [Line Items]
Revenue	0.8	1.2
JBT AeroTech | Recurring
Disaggregation of Revenue [Line Items]
Revenue	48.7	41.5
JBT AeroTech | Non-Recurring
Disaggregation of Revenue [Line Items]
Revenue	64.2	64.5
Point in Time | JBT FoodTech
Disaggregation of Revenue [Line Items]
Revenue	171.9	147.1
Point in Time | JBT AeroTech
Disaggregation of Revenue [Line Items]
Revenue	49.6	43.5
Over Time | JBT FoodTech
Disaggregation of Revenue [Line Items]
Revenue	184.4	164.7
Over Time | JBT AeroTech
Disaggregation of Revenue [Line Items]
Revenue	$ 63.3	$ 62.5

Revenue Recognition - Contract

Revenue Recognition - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract Assets	$ 104	$ 94.4	$ 76.9	$ 68.3
Contract Liabilities	$ 207.1	$ 178	$ 132.9	$ 123.8

Revenue Recognition - Revenue R

Revenue Recognition - Revenue Recognition (Details) $ in Millions	Mar. 31, 2022USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 1,100
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 1,100
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, percentage to be recognized	86.00%
Revenue, remaining performance obligation, period	9 months
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	13.00%
Revenue, remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	1 year

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract liability, revenue recognized	$ 83.5	$ 59

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
	Mar. 31, 2022	Mar. 31, 2021
Basic earnings per share:
Net income	$ 25.6	$ 27
Weighted average number of shares outstanding (in shares)	32	32
Basic earnings per share from continuing operations (in dollars per share)	$ 0.80	$ 0.84
Diluted earnings per share:
Net income	$ 25.6	$ 27
Weighted average number of shares outstanding (in shares)	32	32
Effect of dilutive securities:
Restricted stock (in shares)	0.1	0.1
Total shares and dilutive securities (in shares)	32.1	32.1
Diluted earnings per share from continuing operations (in dollars per share)	$ 0.80	$ 0.84

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Assets:
Derivatives	$ 23.6	$ 17.5
Liabilities:
Derivatives	7	9.1
Fair Value, Measurements, Recurring
Assets:
Investments	12.9	13.5
Derivatives	25.1	18.4
Total assets	38	31.9
Liabilities:
Derivatives	7.2	9.4
Total liabilities	7.2	9.4
Fair Value, Measurements, Recurring | Level 1
Assets:
Investments	12.9	13.5
Derivatives	0	0
Total assets	12.9	13.5
Liabilities:
Derivatives	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 2
Assets:
Investments	0	0
Derivatives	25.1	18.4
Total assets	25.1	18.4
Liabilities:
Derivatives	7.2	9.4
Total liabilities	7.2	9.4
Fair Value, Measurements, Recurring | Level 3
Assets:
Investments	0	0
Derivatives	0	0
Total assets	0	0
Liabilities:
Derivatives	0	0
Total liabilities	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading securities, unrealized gain	$ 0.9	$ 0.5
Level 2 | Convertible Senior Notes | Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible debt, fair value	$ 385.4

Derivative Financial Instrume_3

Derivative Financial Instruments and Risk Management - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)	May 31, 2020USD ($)derivative	Mar. 31, 2020USD ($)derivative
Derivatives, Fair Value [Line Items]
Fair value of derivative liability	$ 7		$ 9.1
Accumulated other comprehensive income (loss)	$ 7.3	$ 3.2
Not Designated as Hedging Instrument | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative, term of contract (less than)	2 years
Notional amount	$ 701.7
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)	4.6
Cash Flow Hedging | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive income (loss)	9.1
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				$ 50	$ 200
Other Liabilities | Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair value of derivative liability	12.2
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)	6.2
Interest Expense | Net Investment Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Gain (loss) recorded in interest expense	$ 0.7	$ 0.7

Derivative Financial Instrume_4

Derivative Financial Instruments and Risk Management - Fair Value of Foreign Currency Derivatives in Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative Assets	$ 23.6	$ 17.5
Derivative Liabilities	7	9.1
Foreign Currency Derivatives and Embedded Derivatives
Derivative [Line Items]
Derivative Assets	6.6	10.6
Derivative Liabilities	$ 7.2	$ 9.4

Derivative Financial Instrume_5

Derivative Financial Instruments and Risk Management - Derivative Assets at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Assets	$ 23.6	$ 17.5
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Presented in the Consolidated Balance Sheet	23.6	17.5
Amount Subject to Master Netting Agreement	(3.1)	(7.3)
Net Amount	$ 20.5	$ 10.2

Derivative Financial Instrume_6

Derivative Financial Instruments and Risk Management - Derivative Liabilities at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liabilities	$ 7	$ 9.1
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Presented in the Consolidated Balance Sheet	7	9.1
Amount Subject to Master Netting Agreement	(3.1)	(7.3)
Net Amount	$ 3.9	$ 1.8

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
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	$ (0.6)	$ (0.3)
Remeasurement of assets and liabilities in foreign currencies	1.1	(0.3)
Net gain (loss) on foreign currency transactions	0.5	(0.6)
Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	(0.2)	(1.2)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	(0.9)	0.9
Selling, general and administrative expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	$ 0.5	$ 0

Leases - Lease Revenue (Details

Leases - Lease Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Fixed payment revenue	$ 15.6	$ 16.3
Variable payment revenue	9.4	4.5
Operating lease revenue	25	20.8
Sales-type lease revenue	$ 0.7	$ 1.2

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
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	$ 172,600
Financial Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	6,400
Customers Financing Arrangements Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	600
Guarantor obligations, maximum exposure, undiscounted, net	$ 100

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Warranty Cost and Accrual Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 12.7	$ 11.5
Expense for new warranties	2.7	3.7
Adjustments to existing accruals	(0.1)	(0.2)
Claims paid	(3)	(3.2)
Translation	(0.1)	(0.2)
Balance at end of period	$ 12.2	$ 11.6

Business Segment Information -

Business Segment Information - Schedule of Segment Revenue and Operating Profit (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Corporate expense	$ (108.4)	$ (94.4)
Restructuring expense	(0.5)	(1)
Operating income	30.6	37.8
Net income before income taxes	28.5	35.7
Operating segments
Segment Reporting Information [Line Items]
Revenue	469.2	417.8
Segment operating profit	46.7	51.4
Operating segments | JBT FoodTech
Segment Reporting Information [Line Items]
Revenue	356.3	311.8
Segment operating profit	39.9	41.5
Operating segments | JBT AeroTech
Segment Reporting Information [Line Items]
Revenue	112.9	106
Segment operating profit	6.8	9.9
Corporate, non-segment
Segment Reporting Information [Line Items]
Corporate expense	15.6	12.6
Restructuring expense	0.5	1
Operating income	30.6	37.8
Interest expense, net	$ 2.1	$ 2.1

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0.5	$ 1
2020 restructuring plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	18
Cumulative release of related liability	1.6
Restructuring charges, release of liability	0.1
2020 restructuring plan | JBT FoodTech
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan	11
2020 restructuring plan | JBT AeroTech
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan	6
Severance and related expense | 2020 restructuring plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges, release of liability	$ 0.1

Restructuring - Restructuring E

Restructuring - Restructuring Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Restructuring Reserve [Roll Forward]
Charged to Earnings	$ 0.7	$ 1
2020 restructuring plan
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance	17.2
Charged to Earnings	0.8
Cumulative amount of restructuring costs, ending balance	18
2020 restructuring plan | Severance and related expense
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance	9.2
Charged to Earnings	0.2
Cumulative amount of restructuring costs, ending balance	9.4
2020 restructuring plan | Inventory write-off
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance	2.1
Charged to Earnings	0.2
Cumulative amount of restructuring costs, ending balance	2.3
2020 restructuring plan | Employee overlap costs
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance	2.1
Charged to Earnings	0.2
Cumulative amount of restructuring costs, ending balance	2.3
2020 restructuring plan | Retention bonus
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance	0.5
Charged to Earnings	0
Cumulative amount of restructuring costs, ending balance	0.5
2020 restructuring plan | Other
Restructuring Reserve [Roll Forward]
Cumulative amount of restructuring costs, beginning balance	3.3
Charged to Earnings	0.2
Cumulative amount of restructuring costs, ending balance	$ 3.5

Restructuring - Consolidated In

Restructuring - Consolidated Income Statement Location (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0.7	$ 1
Costs of products
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.2	0
Restructuring expense
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0.5	$ 1

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Reserve by Type of Cost (Details) - 2020 restructuring plan $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 0.8
Charged to Earnings	0.6
Releases	(0.1)
Cash Payments	(0.6)
Restructuring reserve, ending balance	0.7
Severance and related expense
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	0.7
Charged to Earnings	0.2
Releases	(0.1)
Cash Payments	(0.2)
Restructuring reserve, ending balance	0.6
Employee overlap costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	0
Charged to Earnings	0.2
Releases	0
Cash Payments	(0.2)
Restructuring reserve, ending balance	0
Retention bonus
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	0.1
Charged to Earnings	0
Releases	0
Cash Payments	0
Restructuring reserve, ending balance	0.1
Other
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	0
Charged to Earnings	0.2
Releases	0
Cash Payments	(0.2)
Restructuring reserve, ending balance	$ 0

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - Manufacturing Facility Lease - Affiliated Entity - USD ($) $ in Millions	Mar. 31, 2022	Sep. 01, 2019
Related Party Transaction [Line Items]
Term of lease (in years)		8 years
Right of use asset	$ 3
Lease liability	$ 3.2