Crane NXT (CXT) 10-Q 6 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-1657
Entity Registrant Name	CRANE NXT, CO.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-0706021
Entity Address, Address Line One	950 Winter Street 4th Floor North
Entity Address, City or Town	Waltham
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02451
City Area Code	781
Local Phone Number	755-6868
Title of 12(b) Security	Common Stock, par value $1.00
Trading Symbol	CXT
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		57,178,212
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000025445
Current Fiscal Year End Date	--12-31

CONSOLIDATED AND COMBINED CONDE

CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net sales	$ 403.5	$ 352.9	$ 1,087.7	$ 1,034.4
Operating costs and expenses:
Cost of sales	232.2	187.4	603.1	545.8
Selling, general and administrative	96.3	85.8	283.9	274.2
Restructuring charges, net	0	0	2.7	0
Operating profit	75	79.7	198	214.4
Other income (expense):
Interest income	0.4	0.3	1.4	0.7
Miscellaneous income, net	(1.3)	0.7	1.7	3.1
Total other expense, net	(11.7)	(11.8)	(32.6)	(36)
Income before income taxes	63.3	67.9	165.4	178.4
Provision for income taxes	16.2	16	38.9	39.6
Net income attributable to common shareholders	$ 47.1	$ 51.9	$ 126.5	$ 138.8
Earnings per share:
Basic (in dollars per share)	$ 0.82	$ 0.91	$ 2.21	$ 2.44
Diluted (in dollars per share)	$ 0.81	$ 0.90	$ 2.19	$ 2.42
Average shares outstanding:
Basic (in shares)	57.2	56.8	57.1	56.8
Diluted (in shares)	57.8	57.5	57.8	57.4
Dividends per share (in dollars per share)	$ 0.16	$ 0.14	$ 0.48	$ 0.28
Nonrelated Party
Other income (expense):
Interest expense	$ (13.4)	$ (12.8)	$ (35.7)	$ (37.3)
Related Party
Other income (expense):
Interest expense	$ 0	$ 0	$ 0	$ (2.5)

CONSOLIDATED AND COMBINED CON_2

CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income attributable to common shareholders	$ 47.1	$ 51.9	$ 126.5	$ 138.8
Components of other comprehensive income (loss), net of tax
Currency translation adjustment	42.2	(21.1)	6.9	(19.3)
Changes in pension and postretirement plan assets and benefit obligation, net of tax	(3)	(0.5)	(3.9)	(1.5)
Other comprehensive income (loss), net of tax	39.2	(21.6)	3	(20.8)
Comprehensive income attributable to common shareholders	$ 86.3	$ 30.3	$ 129.5	$ 118

CONSOLIDATED AND CONDENSED BALA

CONSOLIDATED AND CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Current assets:
Cash and cash equivalents	$ 165.1	$ 227.2
Accounts receivable, net of allowance for credit losses of $9.5 as of September 30, 2024 and $11.8 as of December 31, 2023	215.2	214.9
U.S. and foreign taxes on income	18		$ 0
Inventories, net:
Finished goods	30.7	35.6
Finished parts and subassemblies	25.8	22.7
Work in process	13.8	6.4
Raw materials	99.5	92.4
Inventories, net	169.8	157.1
Other current assets	62.5	45.2
Total current assets	630.6	644.4
Property, plant and equipment:
Cost	609.1	564.1
Less: accumulated depreciation	331.1	302.9
Property, plant and equipment, net	278	261.2
Long-term deferred tax assets	0.9	2.7
Intangible assets, net	440.2	308.9
Goodwill	965.4	841.2
Other assets	95.5	71
Total assets	2,410.6	2,129.4
Current liabilities:
Short-term borrowings	155	4.6
Accounts payable	108.4	106.5
Accrued liabilities	183.1	210.5
U.S. and foreign taxes on income	9.9	12.8
Total current liabilities	456.4	334.4
Long-term debt	638.2	640.3
Accrued pension and postretirement benefits	22.6	22.5
Long-term deferred tax liability	130.8	104.5
Other liabilities	91.9	63.7
Total liabilities	1,339.9	1,165.4
Commitments and contingencies (Note 12)
Equity:
Preferred shares, par value $0.01; 5,000,000 shares authorized	0	0
Common shares, par value $1.00; 200,000,000 shares authorized, 72,441,647 shares issued	72.4	72.4
Capital surplus	1,718.2	1,728.1
Retained earnings	220	120.9
Accumulated other comprehensive loss	(115.6)	(118.6)
Treasury stock	(824.3)	(838.8)
Total equity	1,070.7	964	$ 872.6
Total liabilities and equity	$ 2,410.6	$ 2,129.4
Share data:
Common shares issued (in shares)	72,441,647	72,441,647
Less: Common shares held in treasury (in shares)	15,263,435	15,544,190
Common shares outstanding (in shares)	57,178,212	56,897,457

CONSOLIDATED AND CONDENSED BA_2

CONSOLIDATED AND CONDENSED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 9.5	$ 11.8
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares, shares authorized (in shares)	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	72,441,647	72,441,647

CONSOLIDATED AND COMBINED CON_3

CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net income attributable to common shareholders		$ 126.5	$ 138.8
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization		63.4	59
Stock-based compensation expense		7.7	7.4
Defined benefit plans and postretirement credit		(1.9)	(0.6)
Deferred income taxes		(0.3)	4.8
Cash used for operating working capital		(71.8)	(12.2)
Other		9.4	0.6
Total provided by operating activities		133	197.8
Investing activities:
Payment for acquisitions, net of cash acquired		(269.9)	0
Capital expenditures		(34.6)	(16.1)
Proceeds from settlement of forward contracts		0.1	0
Total used for investing activities		(304.4)	(16.1)
Financing activities:
Dividends paid		(27.4)	(15.8)
Proceeds from stock options exercised		3	2.1
Payment of tax withholding on equity awards vested		(6.5)	0
Debt issuance costs		0	(5.3)
Repayment of long-term debt		0	300
Proceeds from revolving credit facility		310.5	20
Repayment of revolving credit facility		(160.5)	(20)
Proceeds from term loan		0	350
Repayment of term loan		(3.3)	(175)
Net transfers to Crane		0	(32.5)
Total provided by (used for) financing activities		115.8	(176.5)
Effect of exchange rates on cash, cash equivalents and restricted cash		2.4	(6.9)
Decrease in cash, cash equivalents and restricted cash		(53.2)	(1.7)
Cash and cash equivalents at beginning of period		227.2	230.7
Cash, cash equivalents and restricted cash at end of period	[1]	174	229
Current restricted cash		2.2	0
Noncurrent restricted cash		6.7	0
Detail of cash used for operating working capital:
Accounts receivable		18.9	23.8
Inventories		1.7	(13.2)
Other current assets		(11.7)	(5.7)
Accounts payable		(3.6)	4.5
Accrued liabilities		(56)	(27.7)
U.S. and foreign taxes on income		(21.1)	6.1
Total		(71.8)	(12.2)
Supplemental disclosure of cash flow information:
Interest paid		32.4	35.6
Income taxes paid		62	37.7
Unpaid capital expenditures		$ 2.8	$ 1.1
[1]Includes both current and non-current balances of restricted cash. Current restricted cash, included within “Other current assets” in our Unaudited Consolidated and Combined Condensed Balance Sheets, was $2.2 million and $0.0 million as of September 30, 2024, and September 30, 2023, respectively. Non-current restricted cash, included within “Other assets” in our Unaudited Consolidated and Combined Condensed Balance Sheets, was $6.7 million and $0.0 million as of September 30, 2024, and September 30, 2023, respectively.

CONSOLIDATED AND COMBINED CON_4

CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Millions		Total	Common Shares Issued at Par Value	Capital Surplus	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Crane Net Investment
Beginning balance at Dec. 31, 2022		$ 783.8	$ 0	$ 0	$ 0	$ (131.5)	$ 0	$ 915.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders		43.7						43.7
Stock-based compensation expense		2.3						2.3
Changes in pension and postretirement plan assets and benefit obligation, net of tax		(0.5)				(0.5)
Currency translation adjustment		4.9				4.9
Net transfers to Crane		(393.1)						(393.1)
Ending balance at Mar. 31, 2023		441.1	0	0	0	(127.1)	0	568.2
Beginning balance at Dec. 31, 2022		783.8	0	0	0	(131.5)	0	915.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders		138.8
Changes in pension and postretirement plan assets and benefit obligation, net of tax		(1.5)
Currency translation adjustment		(19.3)
Ending balance at Sep. 30, 2023		$ 872.6						(152.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends per share (in dollars per share)		$ 0.28
Beginning balance at Mar. 31, 2023		$ 441.1	0	0	0	(127.1)	0	568.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders		43.2			43.2
Cash dividends		(7.9)			(7.9)
Exercise of stock options		1.9					1.9
Impact from settlement of share-based awards, net of shares acquired		0		(1.8)			1.8
Stock-based compensation expense		1.9		1.9
Stock-based compensation reclassification	[1]	(0.3)		(0.3)
Changes in pension and postretirement plan assets and benefit obligation, net of tax		(0.5)				(0.5)
Currency translation adjustment		(3.1)				(3.1)
Dividend from Crane		275						275
Reclassification of Crane Net Investment to Common Stock, Treasury Stock and Capital Surplus		0	72.4	1,722.8			(848.1)	(947.1)
Net transfers to Crane		$ 103.9						103.9
Stock options exercised, net of shares reacquired (in shares)		64,105
Ending balance at Jun. 30, 2023		$ 855.2	72.4	1,722.6	35.3	(130.7)	(844.4)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends per share (in dollars per share)		$ 0.14
Net income attributable to common shareholders		$ 51.9			51.9			0
Common Stock, Dividends, Per Share, Cash Paid		$ 0.14
Cash dividends		$ (7.9)			(7.9)
Exercise of stock options		0.2					0.2
Impact from settlement of share-based awards, net of shares acquired		0		(0.3)			0.3
Stock-based compensation expense		2.3		2.3				0
Changes in pension and postretirement plan assets and benefit obligation, net of tax		(0.5)				(0.5)
Currency translation adjustment		(21.1)				(21.1)
Net transfers to Crane		$ (7.5)						(7.5)
Stock options exercised, net of shares reacquired (in shares)		7,465
Ending balance at Sep. 30, 2023		$ 872.6						$ (152.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends per share (in dollars per share)		$ 0.14
Beginning balance at Dec. 31, 2023		$ 964	72.4	1,728.1	120.9	(118.6)	(838.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders		37.8			37.8
Cash dividends		(9.1)			(9.1)
Exercise of stock options		1.6					1.6
Impact from settlement of share-based awards, net of shares acquired		(5.2)		(14.7)			9.5
Stock-based compensation expense		2.1		2.1
Changes in pension and postretirement plan assets and benefit obligation, net of tax		(0.4)				(0.4)
Currency translation adjustment		(26.7)				(26.7)
Ending balance at Mar. 31, 2024		$ 964.1	72.4	1,715.5	149.6	(145.7)	(827.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends per share (in dollars per share)		$ 0.16
Beginning balance at Dec. 31, 2023		$ 964	72.4	1,728.1	120.9	(118.6)	(838.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders		126.5
Changes in pension and postretirement plan assets and benefit obligation, net of tax		(3.9)
Currency translation adjustment		6.9
Ending balance at Sep. 30, 2024		$ 1,070.7	72.4	1,718.2	220	(115.6)	(824.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends per share (in dollars per share)		$ 0.48
Beginning balance at Mar. 31, 2024		$ 964.1	72.4	1,715.5	149.6	(145.7)	(827.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to common shareholders		41.6			41.6
Cash dividends		(9.2)			(9.2)
Exercise of stock options		0.3					0.3
Impact from settlement of share-based awards, net of shares acquired		(0.3)		(1.1)			0.8
Stock-based compensation expense		2.4		2.4
Changes in pension and postretirement plan assets and benefit obligation, net of tax		(0.5)				(0.5)
Currency translation adjustment		$ (8.6)				(8.6)
Stock options exercised, net of shares reacquired (in shares)		8,933
Ending balance at Jun. 30, 2024		$ 989.8	72.4	1,716.8	182	(154.8)	(826.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends per share (in dollars per share)		$ 0.16
Net income attributable to common shareholders		$ 47.1			47.1
Common Stock, Dividends, Per Share, Cash Paid		$ 0.16
Cash dividends		$ (9.1)			(9.1)
Exercise of stock options		1.1					1.1
Impact from settlement of share-based awards, net of shares acquired		0		(1.2)			1.2
Stock-based compensation expense		2.6		2.6
Changes in pension and postretirement plan assets and benefit obligation, net of tax		(3)				(3)
Currency translation adjustment		$ 42.2				42.2
Stock options exercised, net of shares reacquired (in shares)		57,564
Ending balance at Sep. 30, 2024		$ 1,070.7	$ 72.4	$ 1,718.2	$ 220	$ (115.6)	$ (824.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends per share (in dollars per share)		$ 0.16
[1]Reclassification of stock-based compensation due to modification resulting from equity award conversions. See Note 1, “Organization and Basis of Presentation” for additional information. 2 Additional liabilities attributable to the Business identified as a result of the Separation during the three months ended September 30, 2023.

CONSOLIDATED AND COMBINED CON_5

CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended					9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 0.16	$ 0.16	$ 0.16	$ 0.14	$ 0.14	$ 0.48	$ 0.28
Stock options exercised, net of shares reacquired (in shares)	57,564	8,933		7,465	64,105

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Crane NXT, Co. is a leading provider of trusted technology solutions to secure, detect, and authenticate our customers’ most valuable assets. We are comprised of two reporting segments: Crane Payment Innovations (“CPI”) and Security and Authentication Technologies (“SAT”). Our primary end markets include governments and a wide range of consumer related end markets including convenience merchandising (vending), retail and gaming. See Note 4, “Segment Results” for the relative size of these segments in relation to the total company (both net sales and total assets). References herein to “Crane NXT,” “we,” “us” and “our” refer to Crane NXT, Co. and its subsidiaries, including when Crane NXT, Co. was named “Crane Holdings, Co.” unless the context implies otherwise. References to the “Business” refer to our business, including prior to the Separation (as defined below) when it was a business of Crane Holdings, Co. References herein to “Holdings” refer to Crane Holdings, Co. and its subsidiaries prior to the consummation of the Separation unless the context implies otherwise. Separation On April 3, 2023, Holdings was separated (the “Separation”) into two independent, publicly-traded companies, Crane NXT, Co. and Crane Company (“SpinCo”) through a pro-rata distribution (the “Distribution”) of all the issued and outstanding common stock of SpinCo to the stockholders of Holdings. As part of the Separation, the Aerospace & Electronics, Process Flow Technologies and Engineered Materials businesses of Holdings were spun off to SpinCo. Also, as part of the Separation, Holdings retained the Payment and Merchandising Technologies business and was renamed “Crane NXT, Co.” on April 3, 2023. Following the consummation of the Separation, our common stock is listed under the symbol “CXT” on the New York Stock Exchange. Due to SpinCo’s larger operations, greater tangible assets, greater fair value and greater net sales, in each case, relative to ours, among other factors, SpinCo was considered to be the “accounting spinnor” and therefore is the “accounting successor” to Holdings for accounting purposes, notwithstanding the legal form of the Separation. Therefore, following the Separation, our prior historical financial statements are comprised solely of combined carve-out financial statements representing only our operations, assets, liabilities and equity on a stand-alone basis derived from the consolidated financial statements and accounting records of Holdings. Prior to the Separation, Crane NXT employees and directors participated in Holdings equity incentive plans and received equity awards under those plans in the form of stock options, restricted share units, performance-based and time-based restricted share units and deferred stock units in respect of Holdings common shares. Crane NXT Unaudited Consolidated and Combined Condensed Financial Statements reflect compensation expense for these stock-based plans associated with the portion of the Holdings equity incentive plans in which Crane NXT employees and directors participated. As a result of the Separation, all outstanding stock-based compensation awards of Holdings were exchanged for similarly valued stock-based compensation awards of either SpinCo, Crane NXT or both. The exchanged awards are subject to the same service vesting requirements as the original awards. The modification of the performance-based restricted share units resulted in a liability recorded upon Separation. The amount of the liability was $1.5 million and $1.9 million as of September 30, 2024, and December 31, 2023, respectively. Separation Agreements On April 3, 2023, we entered into definitive agreements with SpinCo in connection with the Separation. The agreements set forth the terms and conditions of the Separation and provide a framework for our relationship with SpinCo following the Separation, including the allocation between us and SpinCo of our and SpinCo’s assets, liabilities and obligations attributable to periods prior to, at and after the Separation. These agreements include the Separation and Distribution Agreement, which contains certain key provisions related to the Separation, as well as a Transition Services Agreement, a Tax Matters Agreement, an Employee Matters Agreement and an Intellectual Property Matters Agreement. Basis of Presentation The accompanying Unaudited Consolidated and Combined Condensed Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial reporting and, therefore, reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. All such adjustments are of a normal recurring nature. These Unaudited Consolidated and Combined Condensed Financial Statements should be read in conjunction with the Crane NXT Consolidated and Combined Financial Statements and Notes to Consolidated and Combined Financial Statements for the year ended December 31, 2023, previously filed on Form 10-K on February 22, 2024. The Business' financial statements for periods prior to the Separation are prepared on a "carve-out" basis, as described below. Basis of Presentation Prior to the Separation Prior to the Separation, the Business operated as Holdings’ Payment & Merchandising Technologies (“P&MT”) segment; consequently, stand-alone financial statements for periods prior to the Separation were not prepared for the Business. The Unaudited Consolidated and Combined Condensed Financial Statements of Operations include all revenues and costs directly attributable to the Business, including costs for facilities, functions and services used by the Business. Prior to the Separation, costs for certain functions and services performed by centralized Holdings organizations were directly charged to the Business based on specific identification when possible or reasonable allocation methods such as net sales, headcount, usage or other allocation methods. The results of operations include allocations of costs for administrative functions and services performed on behalf of the Business by centralized groups within Holdings (see Note 2, “Related Parties” for a description of the allocation methodologies). All charges and allocations for facilities, functions and services performed by Holdings have been deemed settled in cash by the Business to Holdings in the period in which the cost was recorded in the Unaudited Consolidated and Combined Condensed Statements of Operations. Current and deferred income taxes have been determined based on the stand-alone results of the Business. However, because the Business filed group tax returns as part of Holdings in certain jurisdictions, the Business’ actual tax balances may differ from those reported. The Business’ portion of income taxes for certain jurisdictions is deemed to have been settled in the period the related tax expense was recorded. Prior to the Separation, Holdings used a centralized approach to cash management and financing its operations. Accordingly, none of the cash of Holdings has been allocated to the Business in the Unaudited Consolidated and Combined Condensed Financial Statements. However, cash balances primarily associated with certain of our foreign entities that did not participate in Holdings’ cash management program have been included in the Unaudited Consolidated and Combined Condensed Financial Statements. Transactions between Holdings and the Business are deemed to have been settled immediately through “Crane Net Investment.” The net effect of the deemed settled transactions is reflected in the Unaudited Consolidated and Combined Condensed Statements of Cash Flows as “Net transfers to Crane” within financing activities and in the Unaudited Consolidated and Combined Condensed Statements of Changes in Equity as “Crane Net Investment.” All intercompany accounts and transactions within the Business have been eliminated in the preparation of the Unaudited Consolidated and Combined Condensed Financial Statements. The Unaudited Consolidated and Combined Condensed Financial Statements of the Business include assets and liabilities that have been determined to be specifically identifiable or otherwise attributable to the Business. All allocations and estimates in the Unaudited Consolidated and Combined Condensed Financial Statements are based on assumptions that management believes are reasonable. However, for the periods prior to the Separation, the Unaudited Consolidated and Combined Condensed Financial Statements included herein may not be indicative of the financial position, results of operations and cash flows of the Business in the future, or if the Business had been a separate, stand-alone entity during the periods presented. Due to rounding, numbers presented throughout this report may not add up precisely to totals we provide, and percentages may not precisely reflect the absolute figures. Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures which intends to improve reportable segment disclosure requirements. The new standard includes new requirements to disclose significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within the reported segment's profit or loss, the amount and composition of any other segment items, the title and position of the CODM, and how the CODM uses the reported segment's profit or loss to assess performance and allocate resources. The standard is effective for all public entities for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, applied retrospectively with early adoption permitted. The Company is currently evaluating the potential impact of this standard on its Consolidated and Combined Financial Statements and Disclosures. We do not expect the new standard to have a material impact on our disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures which intends to improve the transparency of income tax disclosures. The new standard requires public entities to provide greater disaggregation in their rate reconciliation, including new requirements to present reconciling items on a gross basis within specified categories, to disclose both percentages and dollar amounts, and to disaggregate individual reconciling items by jurisdiction and nature when the effect of the items meets a quantitative threshold. The guidance also includes new requirements to provide users of the financial statements with better information on future cash flow prospects. The standard is effective for all public entities for annual periods beginning after December 15, 2024 on a prospective basis, with a retrospective option, and early adoption permitted for annual financial statements that have not yet been issued. The Company is currently evaluating the potential impact of this standard on its Consolidated and Combined Financial Statements and Disclosures. We do not expect the new standard to have a material impact on our disclosures. The Company considered the applicability and impact of other Accounting Standards Updates issued by the Financial Accounting Standards Board (FASB) and determined them to be either not applicable or are not expected to have a material impact on the Company's Consolidated and Combined Condensed Statements of Operations, Balance Sheets and Cash Flows.

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Parties	Related Parties Prior to the Separation, the Business was managed and operated in the normal course of business with other affiliates of Holdings. Accordingly, certain shared costs were allocated to the Business and are reflected as expenses in the Unaudited Consolidated and Combined Condensed Financial Statements. Allocated Centralized Costs. The Unaudited Consolidated and Combined Condensed Financial Statements were prepared on a stand-alone basis and were derived from the consolidated financial statements and accounting records of Holdings for the periods prior to the Separation. Prior to the Separation, Holdings incurred corporate costs for services provided to the Business as well as other Holdings businesses. These services included treasury, tax, accounting, human resources, audit, legal, purchasing, information technology and other such services. The costs associated with these services generally included all payroll and benefit costs, as well as overhead costs related to the support functions. Holdings also allocated costs associated with corporate insurance coverage and medical, pension, post-retirement and other health plan costs for employees participating in Holdings sponsored plans. Allocations were based on several utilization measures including headcount, proportionate usage and relative net sales. All such amounts were deemed incurred and settled by the Business in the period in which the costs were recorded. The allocated centralized costs for the Business were $13.5 million for the three months ended March 31, 2023. These costs are included in “Selling, general and administrative” in the Unaudited Consolidated and Combined Condensed Statements of Operations. In the opinion of our management, the expense and cost allocations have been determined on a basis considered to be a reasonable reflection of the utilization of services provided to or for the benefit received by the Business during 2023 prior to the Separation. The amounts that would have been or will be incurred on a stand-alone basis could differ from the amounts allocated due to economies of scale, difference in management judgment, a requirement for more or fewer employees or other factors. Management does not believe, however, that it is practicable to estimate what these expenses would have been had the Business operated as an independent entity, including any expenses associated with obtaining any of these services from unaffiliated entities. In addition, the future results of operations, financial position and cash flows could differ materially from the historical results presented herein. Separation Costs . In connection with the Separation, we incurred expenses of $2.7 million and $19.7 million for the three-and-nine months ended September 30, 2023 recorded in “Selling, general and administrative” in the Unaudited Consolidated and Combined Condensed Statements of Operations. Expenses primarily consisted of professional service fees. Cash Management and Financing. Prior to the Separation, the Business participated in Holdings’ centralized cash management and daily cash sweeps. Disbursements were made through centralized accounts payable systems which were operated by Holdings. Cash receipts were transferred to centralized accounts, which were also maintained by Holdings. As cash was received and disbursed by Holdings, it was accounted for by the Business through “Crane Net Investment.” Historically, Holdings had centrally managed and swept cash for most domestic and certain European entities. However, certain legal entities did not participate in Holdings’ centralized cash management program for a variety of reasons. Accounts Receivable and Payable. Certain related party transactions between the Business and Holdings have been included within “Crane Net Investment” in the Unaudited Consolidated and Combined Condensed Statements of Changes in Equity in the historical periods presented when the related party transactions were not settled in cash. We recorded related party interest expense related to the loan activity with Holdings and its affiliates of $2.5 million for the three months ended March 31, 2023, which are included in the Business’ results as “Related party interest expense” in the Unaudited Consolidated and Combined Condensed Statements of Operations. The total effect of the settlement of these related party transactions is reflected within “Net transfers to Crane” as a financing activity in the Unaudited Consolidated and Combined Condensed Statements of Cash Flows.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	Acquisitions Business Combinations Business combinations are accounted for in accordance with ASC Topic 805, “Business Combinations” (“ASC 805”). Accordingly, we make an initial allocation of the purchase price at the date of acquisition based upon our understanding of the fair value of the acquired assets and assumed liabilities. OpSec Acquisition On May 3, 2024, we acquired the OpSec Security business (“OpSec”), for a base purchase price of $270 million on a cash-free and debt-free basis, subject to customary purchase price adjustments . The amount paid, net of cash acquired, was $269.8 million. We utilized $210.0 million from our Revolving Facility (as defined in Note 13, “Financing”) and cash on hand to fund the acquisition. In September 2024, we received $1.4 million related to the final working capital adjustment of the OpSec acquisition, resulting in net cash paid of $268.4 million. OpSec is a global leader in authentication and brand integrity with a heritage that spans four decades. OpSec serves brand owners, licensors, and media rights owners, helping them build intangible value and mitigate vulnerability across both physical and digital domains. OpSec also provides high-security and compliance solutions to governments. The acquisition of OpSec expands the Company’s capabilities across the entire authentication value chain, creating a leading brand and product authentication platform. In connection with the acquisition of OpSec, we renamed our “Crane Currency” reportable segment to “Security and Authentication Technologies,” which consists of the Crane Currency business and the acquired OpSec business. Allocation of Consideration Transferred to Net Assets Acquired The following amounts represent the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed from our acquisition of OpSec. The final determination of the fair value of certain assets and liabilities will be completed within the measurement period as required by ASC 805. Potential adjustments are not expected to be material in relation to the preliminary values presented below: Net assets acquired (in millions) Total current assets $ 35.7 Property, plant and equipment 17.3 Other assets 12.2 Intangible assets 158.3 Goodwill 123.2 Total assets acquired $ 346.7 Total current liabilities $ 36.1 Other liabilities 42.2 Total assumed liabilities $ 78.3 Net assets acquired $ 268.4 The amount allocated to other assumed liabilities includes a contingent liability of $1.5 million related to a prior OpSec acquisition. The amount payable is contingent upon achievement of specific revenue targets and is capped at $2.2 million. The contingency conditions expire at the end of 2026, at which point if the contingency conditions have not been met, no payment will occur. The contingent liability is measured at fair value. See Note 14, “Fair Value Measurements” for further details. The amount allocated to goodwill reflects expected sales synergies, manufacturing efficiency and research and development. Goodwill from this acquisition is not deductible for tax purposes. Th e amounts allocated to acquired intangible assets, and their associated weighted-average useful lives which were determined based on the period in which the assets are expected to contribute directly or indirectly to our future cash flows, consist of the following: Intangible Assets (in millions) Intangible Fair Value Weighted Average Life (in years) Intellectual property rights $ 4.3 9.0 Customer relationships 115.5 19.3 Developed technology 36.5 5.7 Backlog 2.0 0.7 Total acquired intangible assets $ 158.3 The intellectual property rights intangible asset category consists of trade names. The fair values of the trade names were determined by using an “income approach”, specifically the relief-from-royalty approach, which is a commonly accepted valuation approach. This approach is based on the assumption that in lieu of ownership, a company would be willing to pay a royalty in order to exploit the related benefits of this asset. Therefore, a portion of OpSec’s earnings, equal to the after-tax royalty that would have been paid for the use of the asset, can be attributed to the Company’s ownership. The trade names are being amortized on a straight-line basis (which approximates the economic pattern of benefits) over the estimated economic life of 9 years. The fair values of the developed technology intangible assets were also determined by the relief-from-royalty approach. Similarly, this approach is based on the assumption that in lieu of ownership, a company would be willing to pay a royalty in order to exploit the related benefits of the technology. Therefore, a portion of OpSec’s earnings, equal to the after-tax royalty that would have been paid for the use of the technology, can be attributed to the Company’s ownership of the technology. The technology assets are being amortized on a straight-line basis (which approximates the economic pattern of benefits) over the estimated economic life of 3 to 6 years. The fair values of the customer relationships and backlog intangible assets were determined by using an “income approach”, which is a commonly accepted valuation approach. Under this approach, the net earnings attributable to the asset or liability being measured are isolated using the discounted projected net cash flows. These projected cash flows are isolated from the projected cash flows of the combined asset group over the remaining economic life of the intangible asset or liability being measured. Both the amount and the duration of the cash flows are considered from a market participant perspective. The Company’s estimates of market participant net cash flows considered historical and projected pricing, operational performance including market participant synergies, aftermarket retention, product life cycles, material and labor pricing, and other relevant customer, contractual and market factors. Where appropriate, the net cash flows were adjusted to reflect the potential attrition of existing customers in the future, as existing customers are expected to decline over time. The attrition-adjusted future cash flows are then discounted to present value using an appropriate discount rate. The customer relationship is being amortized on a straight-line basis (which approximates the economic pattern of benefits) over the estimated economic life of 16 to 20 years. Supplemental Pro Forma Data OpSec’s results of operations have been included in our financial statements for the period subsequent to the completion of the acquisition on May 3, 2024. During the period since acquisition, OpSec contributed net sales of $32.3 million and $52.7 million for the three-and-nine months ended September 30, 2024, respectively, resulting in operating loss of $3.5 million and $8.9 million for the three-and-nine months ended September 30, 2024, respectively. The following unaudited pro forma consolidated and combined information assumes that the acquisition was completed on January 1, 2023. The unaudited pro forma consolidated and combined information is provided for illustrative purposes only and is not indicative of our actual consolidated and combined results of operations or consolidated financial position. Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2024 2023 2024 2023 Net sales $ 403.5 $ 381.8 $ 1,132.9 $ 1,119.9 Net income attributable to common shareholders $ 50.9 $ 50.0 $ 139.7 $ 117.5 Acquisition-Related Costs

Segment Results

Segment Results	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Results	Segment Results Our segments are reported on the same basis used internally for evaluating performance and for allocating resources. In connection with the acquisition of OpSec, we renamed our “Crane Currency” reportable segment to “Security and Authentication Technologies,” which consists of the Crane Currency business and the acquired OpSec business. The CPI segment remains unchanged. This updated structure is consistent with how the Chief Operating Decision Maker evaluates performance and allocates resources, and better aligns with our mission to secure, detect and authenticate our customers’ most valuable assets. As of September 30, 2024, we had two reportable segments: Crane Payment Innovations and Security and Authentication Technologies. Assets of the reportable segments exclude general corporate assets, which principally consist of cash, deferred tax assets, certain property, plant and equipment, and certain other assets. Corporate consists of corporate office expenses including compensation and benefits for corporate employees, occupancy, depreciation, and other administrative costs. A brief description of each of our segments as of September 30, 2024, is as follows: Crane Payment Innovations CPI provides electronic equipment and associated software leveraging extensive and proprietary core capabilities with various detection and sensing technologies for applications including verification and authentication of payment transactions. CPI also provides advanced automation solutions, and processing systems, field service solutions, and remote diagnostics and productivity software solutions. Key research and development and manufacturing facilities are located in the United States, the United Kingdom, Mexico, Japan, and Germany, with additional sales offices across the world. Security and Authentication Technologies Security and Authentication Technologies provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products. SAT also provides brand protection and authentication solutions, serving various brands, as well as government agencies and financial insti tutions. Key research and development and manufacturing facilities are located in the United States, United Kingdom, Sweden and Malta. Financial information by reportable segment is set forth below. Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2024 2023 2024 2023 Net sales: Crane Payment Innovations $ 224.9 $ 221.6 $ 658.3 $ 671.3 Security and Authentication Technologies 178.6 131.3 429.4 363.1 Total $ 403.5 $ 352.9 $ 1,087.7 $ 1,034.4 Operating profit: Crane Payment Innovations $ 64.6 $ 59.7 $ 178.7 $ 186.3 Security and Authentication Technologies 29.3 32.8 73.5 85.1 Corporate (18.9) (12.8) (54.2) (57.0) Total $ 75.0 $ 79.7 $ 198.0 $ 214.4 Interest income 0.4 0.3 1.4 0.7 Interest expense (13.4) (12.8) (35.7) (37.3) Related party interest expense — — — (2.5) Miscellaneous income, net 1.3 0.7 1.7 3.1 Income before income taxes $ 63.3 $ 67.9 $ 165.4 $ 178.4 (in millions) September 30, 2024 December 31, 2023 Assets: Crane Payment Innovations $ 1,203.4 $ 1,279.1 Security and Authentication Technologies 1,167.7 814.4 Corporate 39.5 35.9 Total $ 2,410.6 $ 2,129.4 (in millions) September 30, 2024 December 31, 2023 Goodwill: Crane Payment Innovations $ 627.8 $ 626.7 Security and Authentication Technologies 337.6 214.5 Total $ 965.4 $ 841.2

Revenue

Revenue	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenues The following table presents net sales disaggregated by product line for each segment: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2024 2023 2024 2023 Crane Payment Innovations Products $ 190.9 $ 189.1 $ 557.9 $ 574.9 Services 34.0 32.5 100.4 96.4 Total Crane Payment Innovations $ 224.9 $ 221.6 $ 658.3 $ 671.3 Security and Authentication Technologies Banknotes and Security Products $ 145.4 $ 130.1 $ 372.9 $ 359.6 Authentication Products and Solutions 33.2 1.2 56.5 3.5 Total Security and Authentication Technologies $ 178.6 $ 131.3 $ 429.4 $ 363.1 Net sales $ 403.5 $ 352.9 $ 1,087.7 $ 1,034.4 Remaining Performance Obligations The transaction price allocated to remaining performance obligations represents the transaction price of firm orders which have not yet been fulfilled. As of September 30, 2024, our performance obligations were $484.8 million. We expect to recognize approximately 54% of our remaining performance obligations as revenue in 2024, 38% in 2025 and the balance thereafter. Contract Assets and Contract Liabilities Contract assets represent unbilled amounts that typically arise from contracts for customized products or contracts for products sold directly to the U.S. government or indirectly to the U.S. government through subcontracts, where revenue recognized using the cost-to-cost method exceeds the amount billed to the customer. Contract assets are assessed for impairment and recorded at their net realizable value. Contract liabilities represent advance payments from customers. Revenue related to contract liabilities is recognized when control is transferred to the customer. We report contract assets, which are included within “Other current assets” in our Unaudited Consolidated and Condensed Balance Sheets, and contract liabilities, which are included within “Accrued liabilities” and “Other liabilities” on our Unaudited Consolidated and Condensed Balance Sheets, on a contract-by-contract net basis at the end of each reporting period. Net contract assets and contract liabilities consisted of the following: (in millions) September 30, 2024 December 31, 2023 Contract assets $ 40.1 $ 30.3 Contract liabilities $ 78.0 $ 92.5

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Our basic earnings per share calculations are based on the weighted average number of common shares outstanding during the period. Potentially dilutive securities include outstanding stock options, restricted share units, deferred stock units and performance-based restricted share units that were issued to Crane NXT and SpinCo employees and directors. The effect of potentially dilutive securities is reflected in diluted earnings per common share by application of the treasury method. Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the period. On April 3, 2023, 56.7 million shares of our common stock, par value $1.00 per share, were distributed to Holdings stockholders of record as of March 23, 2023. This share amount is utilized for the calculation of basic and diluted earnings per share for periods presented prior to the Separation and such shares are treated as issued and outstanding for purposes of calculating historical earnings per share. For periods prior to the Separation, it is assumed that there are no dilutive equity instruments as there were no Crane NXT stock-based awards outstanding prior to the Separation. The weighted average number of common shares outstanding during the three-and-nine-months ended September 30, 2023 was based on the weighted average number of common shares after the Separation. Three Months Ended Nine Months Ended September 30, September 30, (in millions, except per share data) 2024 2023 2024 2023 Net income attributable to common shareholders $ 47.1 $ 51.9 $ 126.5 $ 138.8 Average basic shares outstanding 57.2 56.8 57.1 56.8 Effect of dilutive share-based awards 0.6 0.7 0.7 0.6 Average diluted shares outstanding 57.8 57.5 57.8 57.4 Earnings per basic share $ 0.82 $ 0.91 $ 2.21 $ 2.44 Earnings per diluted share $ 0.81 $ 0.90 $ 2.19 $ 2.42 Stock options, restricted share units, deferred stock units and performance-based restricted share units that were excluded from the calculation of diluted earnings per share because their effect is anti‑dilutive were 0.2 million and 0.3 million for the three-and-nine-months ended September 30, 2024, respectively, and 0.4 million for the three-and-nine-months ended September 30, 2023.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	Changes in Accumulated Other Comprehensive Loss The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on our Unaudited Consolidated and Condensed Balance Sheets. (in millions) Pension and Postretirement Benefits (a) Currency Translation Adjustment Total Balance as of December 31, 2023 $ 3.8 $ (122.4) $ (118.6) Other comprehensive loss before reclassifications (1.2) 6.9 5.7 Amounts reclassified from accumulated other comprehensive loss (2.7) — (2.7) Net period other comprehensive (loss) income (3.9) 6.9 3.0 Balance as of September 30, 2024 $ (0.1) $ (115.5) $ (115.6) (a) Net of tax detriment of $1.1 million and $1.5 million as of September 30, 2024 and December 31, 2023, respectively. The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive loss for the three-and-nine month periods ended September 30, 2024, and 2023. Amortization of pension and postretirement components has been recorded within “Miscellaneous income, net” on our Unaudited Consolidated and Combined Condensed Statements of Operations. Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2024 2023 2024 2023 Amortization of pension components: Prior service costs $ (0.2) $ (0.1) $ (0.6) $ (0.5) Net loss 0.1 — 0.2 — Amortization of postretirement components: Prior service costs (0.3) (0.3) (0.7) (0.8) Net gain (0.2) (0.2) (0.6) (0.5) Other (1.4) — (1.4) — Total before tax $ (2.0) $ (0.6) $ (3.1) $ (1.8) Tax impact (0.2) (0.1) (0.4) (0.3) Total reclassifications for the period $ (1.8) $ (0.5) $ (2.7) $ (1.5)

Pension and Postretirement Bene

Pension and Postretirement Benefits	9 Months Ended
	Sep. 30, 2024
Retirement Benefits [Abstract]
Pension and Postretirement Benefits	Pension and Postretirement Benefits For all plans, the components of net periodic (benefit) expense for the three months ended September 30, 2024, and 2023 are as follows: Pension Postretirement (in millions) 2024 2023 2024 2023 Service cost $ 0.5 $ 0.5 $ — $ — Interest cost 0.5 0.5 0.2 0.2 Expected return on plan assets (0.8) (0.8) — — Amortization of prior service cost (0.2) (0.1) (0.3) (0.3) Amortization of net loss (gain) 0.1 — (0.2) (0.2) Other (1.4) — — — Net periodic (benefit) expense $ (1.3) $ 0.1 $ (0.3) $ (0.3) For all plans, the components of net periodic (benefit) expense for the nine months ended September 30, 2024, and 2023 are as follows: Pension Postretirement (in millions) 2024 2023 2024 2023 Service cost $ 1.6 $ 1.4 $ — $ — Interest cost 1.5 1.6 0.5 0.6 Expected return on plan assets (2.4) (2.4) — — Amortization of prior service cost (0.6) (0.5) (0.7) (0.8) Amortization of net loss (gain) 0.2 — (0.6) (0.5) Other (1.4) — — — Net periodic (benefit) expense $ (1.1) $ 0.1 $ (0.8) $ (0.7) The components of net periodic benefit, other than the service cost component, are included in “Miscellaneous income, net” in our Unaudited Consolidated and Combined Condensed Statements of Operations. Service cost is recorded within “Cost of sales” and “Selling, general and administrative” in our Unaudited Consolidated and Combined Condensed Statements of Operations. We expect to contribute the following to our pension and postretirement plans: (in millions) Pension Postretirement Expected contributions in 2024 $ 2.0 $ 1.5 Amounts contributed during the nine months ended September 30, 2024 $ 1.3 $ 1.4

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective Tax Rates Our quarterly provision for income taxes is measured using an annual effective tax rate, adjusted for discrete items within the periods presented. Our effective tax rates are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Effective Tax Rate 25.5% 23.5% 23.5% 22.2% Our effective tax rates for the three-and-nine months ended September 30, 2024 were higher than the prior year’s comparable periods primarily due to the mix of non-U.S. earnings. Our effective tax rates for the three-and-nine months ended September 30, 2024 were higher than the statutory U.S. federal tax rate of 21% primarily due to the mix of non-U.S. earnings. The Organization for Economic Co-operation and Development (“OECD”) has proposed a global minimum tax of 15% of reported profits (“Pillar 2”) that has been agreed upon by over 140 member jurisdictions including the United States. Pillar 2 addresses the risks associated with profit shifting to entities in low tax jurisdictions. We have adopted Pillar 2 and the impact of this adoption on our business was approximately $2 million. The Tax Matters Agreement, among other things, governs our and SpinCo’s respective rights, responsibilities and obligations after the Separation with respect to tax liabilities and benefits (including any taxes imposed that are attributable to the failure of the Distribution and certain related transactions to qualify as a transaction that is tax-free for U.S. federal income tax purposes), tax attributes, the preparation and filing of tax returns, the control of audits and other tax proceedings and other matters regarding taxes. Although enforceable as between the parties, the Tax Matters Agreement will not be binding on the Internal Revenue Service or other tax authorities. As of September 30, 2024 and December 31, 2023, we had gross unrecognized tax benefits of $18.2 million and $19.3 million, respectively included in “Other liabilities” in our Unaudited Consolidated and Condensed Balance Sheets.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Changes to goodwill are as follows: (in millions) Crane Payment Innovations Security and Authentication Technologies Total Balance as of December 31, 2023 $ 626.7 $ 214.5 $ 841.2 Additions — 123.2 123.2 Currency translation 1.1 (0.1) 1.0 Balance as of September 30, 2024 $ 627.8 $ 337.6 $ 965.4 As of September 30, 2024, we had $440.2 million of net intangible assets, of which $45.5 million were intangibles with indefinite useful lives. As of December 31, 2023, we had $308.9 million of net intangible assets, of which $45.5 million were intangibles with indefinite useful lives. Changes to intangible assets are as follows: (in millions) Nine Months Ended September 30, 2024 Year Ended December 31, 2023 Balance at beginning of period, net of accumulated amortization $ 308.9 $ 344.9 Additions 163.2 — Amortization expense (33.7) (35.9) Currency translation and other 1.8 (0.1) Balance at end of period, net of accumulated amortization $ 440.2 $ 308.9 A summary of intangible assets are as follows: September 30, 2024 December 31, 2023 (in millions) Weighted Average Gross Accumulated Net Gross Accumulated Net Intellectual property rights 10.8 $ 68.9 $ 15.8 $ 53.1 $ 62.2 $ 15.0 $ 47.2 Customer relationships and backlog 18.9 624.2 293.5 330.7 504.4 269.5 234.9 Developed Technology 6.9 66.3 25.3 41.0 26.3 21.2 5.1 Other 10.0 73.5 58.1 15.4 73.5 51.8 21.7 Total 18.0 $ 832.9 $ 392.7 $ 440.2 $ 666.4 $ 357.5 $ 308.9 Future amortization expense associated with intangible assets is expected to be: (in millions) Remainder of 2024 $ 13.9 2025 45.8 2026 45.6 2027 43.0 2028 38.8 2029 and after 207.6

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2024
Accrued Liabilities [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of: (in millions) September 30, December 31, Contract liabilities $ 63.5 $ 92.5 Employee related expenses 46.0 62.3 Current lease liabilities 10.5 7.2 Accrued interest 7.0 6.3 Warranty 6.0 5.6 Other 50.1 36.6 Total $ 183.1 $ 210.5

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We regularly review the status of lawsuits, claims and proceedings that have been or may be asserted against us relating to the conduct of our business, including those pertaining to product liability, patent infringement, commercial, employment, employee benefits, environmental and stockholder matters. We record a provision for a liability for such matters when it is considered probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions, if any, are reviewed quarterly and adjusted as additional information becomes available. If either or both criteria are not met, we assess whether there is at least a reasonable possibility that a loss, or additional losses, may have been incurred. If there is a reasonable possibility that a loss or additional loss may have been incurred for such matters, we disclose the estimate of the amount of loss or range of loss, disclose that the amount is immaterial, or disclose that an estimate of loss cannot be made, as applicable. We believe that as of September 30, 2024, there was no reasonable possibility that a material loss, or any additional material losses, may have been incurred for such matters. On April 3, 2023, Crane NXT and SpinCo entered into a Tax Matters Agreement which, among other things, governs our and SpinCo’s respective rights, responsibilities and obligations after the Separation with respect to tax liabilities and benefits. The agreement specifies the allocation of tax liabilities between us and SpinCo, and we and SpinCo agreed to indemnify each other for any amounts for which they are not responsible. As of September 30, 2024, there were no amounts owing to SpinCo pursuant to this agreement. The Tax Matters Agreement also specifies allocation of tax liabilities in the event that the Distribution is determined not to be tax-free. We believe that as of September 30, 2024, there was no reasonable possibility that such a tax liability will be incurred in connection with the Distribution.

Financing

Financing	Mar. 17, 2023
Debt Disclosure [Abstract]
Financing	Financing Our debt consisted of the following: (in millions) September 30, December 31, Term Facility $ 5.0 $ 4.6 Revolving Facility 150.0 — Total short-term borrowings (a) $ 155.0 $ 4.6 Term Facility $ 95.4 $ 98.5 6.55% notes due November 2036 198.7 198.6 4.20% notes due March 2048 346.7 346.6 Other deferred financing costs associated with credit facilities (2.6) (3.4) Total long-term debt (a) $ 638.2 $ 640.3 (a) Debt discounts and debt issuance costs totaled $8.5 million and $10.1 million as of September 30, 2024, and December 31, 2023, respectively, and have been netted against the aggregate principal amounts of the related debt in the components of the debt table above, where applicable. Credit Faciliti es - We are party to a senior secured credit agreement (the “Credit Agreement”) entered into on March 17, 2023, which provides for (i) a $500 million, five-year revolving credit facility (the “Revolving Facility”) and (ii) a $350 million, three-year term loan facility (the “Term Facility”), funding under each of which became available in connection with the Separation, upon the satisfaction of customary conditions of facilities of this type. In the nine months ended September 30, 2024, we drew down $310.5 million, primarily to fund the OpSec acquisition, and repaid $160.5 million on our Revolving Facility. The Revolving Facility allows us to borrow, repay and re-borrow funds from time to time prior to the maturity of the Revolving Facility without any penalty or premium, subject to customary borrowing conditions for facilities of this type and the reimbursement of breakage costs. Borrowings under the Term Facility are prepayable without premium or penalty, subject to customary reimbursement of breakage costs. Interest on loans advanced under the Credit Agreement accrues, at our option, at a rate per annum equal to (1) adjusted term Secured Overnight Financing Rate (SOFR) plus a credit spread adjustment of 0.10% for the applicable interest period plus a margin ranging from 1.50% to 2.25% or (2) a base rate plus a margin ranging from 0.50% to 1.25%, in each case, with such margin as determined by the lower of corporate family credit ratings issued by Moody’s and S&P (the “Ratings”) and our total net leverage ratio. We are required to pay a fee on undrawn commitments under the Revolving Facility at a rate per annum that ranges from 0.20% to 0.35%, based on the lower of the Ratings and our total net leverage ratio. The Credit Agreement contains customary affirmative and negative covenants for credit facilities of this type, including limitations on our and our subsidiaries with respect to indebtedness, liens, mergers, consolidations, liquidations and dissolutions, sales of all or substantially all assets, transactions with affiliates, investments, hedging arrangements and amendments to our organizational documents or to certain subordinated debt agreements. As of the last day of each fiscal quarter, our total net leverage ratio cannot exceed 3.50 to 1.00 (provided that, at our election, such maximum ratio may be increased to 4.00 to 1.00 for specified periods following our consummation of certain material acquisitions) and our minimum interest coverage ratio must be at least 3.00 to 1.00. The Credit Agreement also includes customary events of default, including failure to pay principal, interest or fees when due, failure to comply with covenants, any representation or warranty made by us or any of our material subsidiaries being false in any material respect, default under certain other material indebtedness, certain insolvency or receivership events affecting us and our material subsidiaries, certain ERISA events, material judgments and a change in control, in each case, subject to cure periods and thresholds where customary.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are to be considered from the perspective of a market participant that holds the asset or owes the liability. The standards also establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standards describe three levels of inputs that may be used to measure fair value: Level 1 : Quoted prices in active markets for identical or similar assets and liabilities. Level 2 : Quoted prices for identical or similar assets and liabilities in markets that are not active or observable inputs other than quoted prices in active markets for identical or similar assets and liabilities. Level 2 assets and liabilities include over-the-counter derivatives, principally forward foreign exchange contracts, whose value is determined using pricing models with inputs that are generally based on published foreign exchange rates and exchange traded prices, adjusted for other specific inputs that are primarily observable in the market or can be derived principally from or corroborated by observable market data. Level 3 : Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Valuation Technique The carrying value of our financial assets and liabilities, including cash and cash equivalents, accounts receivable and accounts payable approximate fair value, without being discounted, due to the short periods during which these amounts are outstanding. We are exposed to certain risks related to our ongoing business operations, including market risks related to fluctuation in currency exchange. We use foreign exchange contracts to manage the risk of certain cross-currency business relationships to minimize the impact of currency exchange fluctuations on our earnings and cash flows. We do not hold or issue derivative financial instruments for trading or speculative purposes. Foreign exchange contracts not designated as hedging instruments had a notional value of $70.9 million as of September 30, 2024. Our derivative assets and liabilities include foreign exchange contract derivatives that are measured at fair value using internal models based on observable market inputs such as forward rates and interest rates. Based on these inputs, the derivatives are classified within Level 2 of the valuation hierarchy. Such derivative assets of $0.3 million are recorded within “Accounts receivable” and derivative liabilities of $0.2 million are recorded within “Accrued liabilities” on our Consolidated and Condensed Balance Sheets as of September 30, 2024. We had no such hedging instruments as of December 31, 2023. As a result of the Separation, all outstanding stock-based compensation awards of Holdings were exchanged for similarly valued stock-based compensation awards of either SpinCo, Crane NXT or both. The modification of the performance-based restricted share units resulted in a liability recorded upon Separation for awards that will be settled in SpinCo’s shares. The amount of the liability is measured at fair value using Level 1 inputs such as the quoted market price of the underlying company’s stock. The fair value of the liability was $1.5 million and $1.9 million as of September 30, 2024, and December 31, 2023, respectively. Long-term debt rates currently available to us for debt with similar terms and remaining maturities are used to estimate the fair value for debt issues that are not quoted on an exchange. The estimated fair value of notes due, measured using Level 2 inputs, was $451.4 million and $469.5 million as of September 30, 2024, and December 31, 2023, respectively. As a result of the OpSec acquisition, we assumed OpSec’s contingent liability related to a prior OpSec acquisition. The amount of the liability is measured at fair value using Level 3 inputs as the fair value is determined by estimating the net present value of the expected cash flows based on the probability of the achievement of the contingent revenue targets. The fair value of the liability is recorded within “Other liabilities” on our Consolidated and Condensed Balance Sheets and was $1.5 million as of September 30, 2024. We had no such contingent liabilities as of December 31, 2023. See Note 3, “Acquisitions” for further details.

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring 2024 Restructuring - In the first quarter of 2024, in response to challenging industry conditions, we initiated workforce reductions in CPI, incurring $2.7 million of cumulative severance charges, net through September 30, 2024. We do not expect to incur additional costs to complete these actions. We expect to substantially complete the restructuring program in 2025. 2022 Restructuring - In the fourth quarter of 2022, in response to economic uncertainty, we initiated workforce reductions in CPI, incurring $6.7 million of cumulative restructuring charges, net through September 30, 2024, of which $5.8 million related to severance and $0.9 million related to other costs. We do not expect to incur additional costs to complete these actions. We expect to substantially complete the program in 2024. The following table summarizes the accrual balances related to these restructuring charges by program: (in millions) 2024 Restructuring 2022 Restructuring Total Severance: Balance as of December 31, 2023 (a) $ — $ 0.6 $ 0.6 Expense (b) 2.7 — 2.7 Utilization (2.4) (0.4) (2.8) Balance as of September 30, 2024 (a) $ 0.3 $ 0.2 $ 0.5 (a) Included within “Accrued Liabilities” in the Unaudited Consolidated and Condensed Balance Sheets. (b) Included within “Restructuring charges, net” in the Unaudited Consolidated and Combined Condensed Statements of Operations.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Unaudited Consolidated and Combined Condensed Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial reporting and, therefore, reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. All such adjustments are of a normal recurring nature. These Unaudited Consolidated and Combined Condensed Financial Statements should be read in conjunction with the Crane NXT Consolidated and Combined Financial Statements and Notes to Consolidated and Combined Financial Statements for the year ended December 31, 2023, previously filed on Form 10-K on February 22, 2024. The Business' financial statements for periods prior to the Separation are prepared on a "carve-out" basis, as described below. Basis of Presentation Prior to the Separation Prior to the Separation, the Business operated as Holdings’ Payment & Merchandising Technologies (“P&MT”) segment; consequently, stand-alone financial statements for periods prior to the Separation were not prepared for the Business. The Unaudited Consolidated and Combined Condensed Financial Statements of Operations include all revenues and costs directly attributable to the Business, including costs for facilities, functions and services used by the Business. Prior to the Separation, costs for certain functions and services performed by centralized Holdings organizations were directly charged to the Business based on specific identification when possible or reasonable allocation methods such as net sales, headcount, usage or other allocation methods. The results of operations include allocations of costs for administrative functions and services performed on behalf of the Business by centralized groups within Holdings (see Note 2, “Related Parties” for a description of the allocation methodologies). All charges and allocations for facilities, functions and services performed by Holdings have been deemed settled in cash by the Business to Holdings in the period in which the cost was recorded in the Unaudited Consolidated and Combined Condensed Statements of Operations. Current and deferred income taxes have been determined based on the stand-alone results of the Business. However, because the Business filed group tax returns as part of Holdings in certain jurisdictions, the Business’ actual tax balances may differ from those reported. The Business’ portion of income taxes for certain jurisdictions is deemed to have been settled in the period the related tax expense was recorded. Prior to the Separation, Holdings used a centralized approach to cash management and financing its operations. Accordingly, none of the cash of Holdings has been allocated to the Business in the Unaudited Consolidated and Combined Condensed Financial Statements. However, cash balances primarily associated with certain of our foreign entities that did not participate in Holdings’ cash management program have been included in the Unaudited Consolidated and Combined Condensed Financial Statements. Transactions between Holdings and the Business are deemed to have been settled immediately through “Crane Net Investment.” The net effect of the deemed settled transactions is reflected in the Unaudited Consolidated and Combined Condensed Statements of Cash Flows as “Net transfers to Crane” within financing activities and in the Unaudited Consolidated and Combined Condensed Statements of Changes in Equity as “Crane Net Investment.” All intercompany accounts and transactions within the Business have been eliminated in the preparation of the Unaudited Consolidated and Combined Condensed Financial Statements. The Unaudited Consolidated and Combined Condensed Financial Statements of the Business include assets and liabilities that have been determined to be specifically identifiable or otherwise attributable to the Business. All allocations and estimates in the Unaudited Consolidated and Combined Condensed Financial Statements are based on assumptions that management believes are reasonable. However, for the periods prior to the Separation, the Unaudited Consolidated and Combined Condensed Financial Statements included herein may not be indicative of the financial position, results of operations and cash flows of the Business in the future, or if the Business had been a separate, stand-alone entity during the periods presented.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures which intends to improve reportable segment disclosure requirements. The new standard includes new requirements to disclose significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within the reported segment's profit or loss, the amount and composition of any other segment items, the title and position of the CODM, and how the CODM uses the reported segment's profit or loss to assess performance and allocate resources. The standard is effective for all public entities for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, applied retrospectively with early adoption permitted. The Company is currently evaluating the potential impact of this standard on its Consolidated and Combined Financial Statements and Disclosures. We do not expect the new standard to have a material impact on our disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures which intends to improve the transparency of income tax disclosures. The new standard requires public entities to provide greater disaggregation in their rate reconciliation, including new requirements to present reconciling items on a gross basis within specified categories, to disclose both percentages and dollar amounts, and to disaggregate individual reconciling items by jurisdiction and nature when the effect of the items meets a quantitative threshold. The guidance also includes new requirements to provide users of the financial statements with better information on future cash flow prospects. The standard is effective for all public entities for annual periods beginning after December 15, 2024 on a prospective basis, with a retrospective option, and early adoption permitted for annual financial statements that have not yet been issued. The Company is currently evaluating the potential impact of this standard on its Consolidated and Combined Financial Statements and Disclosures. We do not expect the new standard to have a material impact on our disclosures. The Company considered the applicability and impact of other Accounting Standards Updates issued by the Financial Accounting Standards Board (FASB) and determined them to be either not applicable or are not expected to have a material impact on the Company's Consolidated and Combined Condensed Statements of Operations, Balance Sheets and Cash Flows.
Fair Value Measurements	Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are to be considered from the perspective of a market participant that holds the asset or owes the liability. The standards also establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standards describe three levels of inputs that may be used to measure fair value: Level 1 : Quoted prices in active markets for identical or similar assets and liabilities. Level 2 : Quoted prices for identical or similar assets and liabilities in markets that are not active or observable inputs other than quoted prices in active markets for identical or similar assets and liabilities. Level 2 assets and liabilities include over-the-counter derivatives, principally forward foreign exchange contracts, whose value is determined using pricing models with inputs that are generally based on published foreign exchange rates and exchange traded prices, adjusted for other specific inputs that are primarily observable in the market or can be derived principally from or corroborated by observable market data. Level 3 : Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Valuation Technique The carrying value of our financial assets and liabilities, including cash and cash equivalents, accounts receivable and accounts payable approximate fair value, without being discounted, due to the short periods during which these amounts are outstanding.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following amounts represent the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed from our acquisition of OpSec. The final determination of the fair value of certain assets and liabilities will be completed within the measurement period as required by ASC 805. Potential adjustments are not expected to be material in relation to the preliminary values presented below: Net assets acquired (in millions) Total current assets $ 35.7 Property, plant and equipment 17.3 Other assets 12.2 Intangible assets 158.3 Goodwill 123.2 Total assets acquired $ 346.7 Total current liabilities $ 36.1 Other liabilities 42.2 Total assumed liabilities $ 78.3 Net assets acquired $ 268.4
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	Th e amounts allocated to acquired intangible assets, and their associated weighted-average useful lives which were determined based on the period in which the assets are expected to contribute directly or indirectly to our future cash flows, consist of the following: Intangible Assets (in millions) Intangible Fair Value Weighted Average Life (in years) Intellectual property rights $ 4.3 9.0 Customer relationships 115.5 19.3 Developed technology 36.5 5.7 Backlog 2.0 0.7 Total acquired intangible assets $ 158.3

Segment Results (Tables)

Segment Results (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule Of Financial Information By Reportable Segment	Financial information by reportable segment is set forth below. Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2024 2023 2024 2023 Net sales: Crane Payment Innovations $ 224.9 $ 221.6 $ 658.3 $ 671.3 Security and Authentication Technologies 178.6 131.3 429.4 363.1 Total $ 403.5 $ 352.9 $ 1,087.7 $ 1,034.4 Operating profit: Crane Payment Innovations $ 64.6 $ 59.7 $ 178.7 $ 186.3 Security and Authentication Technologies 29.3 32.8 73.5 85.1 Corporate (18.9) (12.8) (54.2) (57.0) Total $ 75.0 $ 79.7 $ 198.0 $ 214.4 Interest income 0.4 0.3 1.4 0.7 Interest expense (13.4) (12.8) (35.7) (37.3) Related party interest expense — — — (2.5) Miscellaneous income, net 1.3 0.7 1.7 3.1 Income before income taxes $ 63.3 $ 67.9 $ 165.4 $ 178.4
Reconciliation of Segment Assets to Consolidated Assets	(in millions) September 30, 2024 December 31, 2023 Assets: Crane Payment Innovations $ 1,203.4 $ 1,279.1 Security and Authentication Technologies 1,167.7 814.4 Corporate 39.5 35.9 Total $ 2,410.6 $ 2,129.4
Schedule Of Goodwill By Segment	(in millions) September 30, 2024 December 31, 2023 Goodwill: Crane Payment Innovations $ 627.8 $ 626.7 Security and Authentication Technologies 337.6 214.5 Total $ 965.4 $ 841.2

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Net Sales Disaggregated by Product Line	The following table presents net sales disaggregated by product line for each segment: Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2024 2023 2024 2023 Crane Payment Innovations Products $ 190.9 $ 189.1 $ 557.9 $ 574.9 Services 34.0 32.5 100.4 96.4 Total Crane Payment Innovations $ 224.9 $ 221.6 $ 658.3 $ 671.3 Security and Authentication Technologies Banknotes and Security Products $ 145.4 $ 130.1 $ 372.9 $ 359.6 Authentication Products and Solutions 33.2 1.2 56.5 3.5 Total Security and Authentication Technologies $ 178.6 $ 131.3 $ 429.4 $ 363.1 Net sales $ 403.5 $ 352.9 $ 1,087.7 $ 1,034.4
Net Contract Assets and Contract Liabilities	Net contract assets and contract liabilities consisted of the following: (in millions) September 30, 2024 December 31, 2023 Contract assets $ 40.1 $ 30.3 Contract liabilities $ 78.0 $ 92.5

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Share	Three Months Ended Nine Months Ended September 30, September 30, (in millions, except per share data) 2024 2023 2024 2023 Net income attributable to common shareholders $ 47.1 $ 51.9 $ 126.5 $ 138.8 Average basic shares outstanding 57.2 56.8 57.1 56.8 Effect of dilutive share-based awards 0.6 0.7 0.7 0.6 Average diluted shares outstanding 57.8 57.5 57.8 57.4 Earnings per basic share $ 0.82 $ 0.91 $ 2.21 $ 2.44 Earnings per diluted share $ 0.81 $ 0.90 $ 2.19 $ 2.42

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Classification Of Accumulated Other Comprehensive Income Reflected On Consolidated Balance Sheets	The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on our Unaudited Consolidated and Condensed Balance Sheets. (in millions) Pension and Postretirement Benefits (a) Currency Translation Adjustment Total Balance as of December 31, 2023 $ 3.8 $ (122.4) $ (118.6) Other comprehensive loss before reclassifications (1.2) 6.9 5.7 Amounts reclassified from accumulated other comprehensive loss (2.7) — (2.7) Net period other comprehensive (loss) income (3.9) 6.9 3.0 Balance as of September 30, 2024 $ (0.1) $ (115.5) $ (115.6) (a) Net of tax detriment of $1.1 million and $1.5 million as of September 30, 2024 and December 31, 2023, respectively.
Amounts Reclassified out of each Component of AOCI	The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive loss for the three-and-nine month periods ended September 30, 2024, and 2023. Amortization of pension and postretirement components has been recorded within “Miscellaneous income, net” on our Unaudited Consolidated and Combined Condensed Statements of Operations. Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2024 2023 2024 2023 Amortization of pension components: Prior service costs $ (0.2) $ (0.1) $ (0.6) $ (0.5) Net loss 0.1 — 0.2 — Amortization of postretirement components: Prior service costs (0.3) (0.3) (0.7) (0.8) Net gain (0.2) (0.2) (0.6) (0.5) Other (1.4) — (1.4) — Total before tax $ (2.0) $ (0.6) $ (3.1) $ (1.8) Tax impact (0.2) (0.1) (0.4) (0.3) Total reclassifications for the period $ (1.8) $ (0.5) $ (2.7) $ (1.5)

Pension and Postretirement Be_2

Pension and Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2024
Retirement Benefits [Abstract]
Components of Net Periodic Benefit	For all plans, the components of net periodic (benefit) expense for the three months ended September 30, 2024, and 2023 are as follows: Pension Postretirement (in millions) 2024 2023 2024 2023 Service cost $ 0.5 $ 0.5 $ — $ — Interest cost 0.5 0.5 0.2 0.2 Expected return on plan assets (0.8) (0.8) — — Amortization of prior service cost (0.2) (0.1) (0.3) (0.3) Amortization of net loss (gain) 0.1 — (0.2) (0.2) Other (1.4) — — — Net periodic (benefit) expense $ (1.3) $ 0.1 $ (0.3) $ (0.3) For all plans, the components of net periodic (benefit) expense for the nine months ended September 30, 2024, and 2023 are as follows: Pension Postretirement (in millions) 2024 2023 2024 2023 Service cost $ 1.6 $ 1.4 $ — $ — Interest cost 1.5 1.6 0.5 0.6 Expected return on plan assets (2.4) (2.4) — — Amortization of prior service cost (0.6) (0.5) (0.7) (0.8) Amortization of net loss (gain) 0.2 — (0.6) (0.5) Other (1.4) — — — Net periodic (benefit) expense $ (1.1) $ 0.1 $ (0.8) $ (0.7)
Expected Contributions to Pension and Postretirement Plans	We expect to contribute the following to our pension and postretirement plans: (in millions) Pension Postretirement Expected contributions in 2024 $ 2.0 $ 1.5 Amounts contributed during the nine months ended September 30, 2024 $ 1.3 $ 1.4

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Effective Tax Rates	Our effective tax rates are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Effective Tax Rate 25.5% 23.5% 23.5% 22.2%

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Changes to Goodwill	Changes to goodwill are as follows: (in millions) Crane Payment Innovations Security and Authentication Technologies Total Balance as of December 31, 2023 $ 626.7 $ 214.5 $ 841.2 Additions — 123.2 123.2 Currency translation 1.1 (0.1) 1.0 Balance as of September 30, 2024 $ 627.8 $ 337.6 $ 965.4
Summary of Intangible Assets	Changes to intangible assets are as follows: (in millions) Nine Months Ended September 30, 2024 Year Ended December 31, 2023 Balance at beginning of period, net of accumulated amortization $ 308.9 $ 344.9 Additions 163.2 — Amortization expense (33.7) (35.9) Currency translation and other 1.8 (0.1) Balance at end of period, net of accumulated amortization $ 440.2 $ 308.9 A summary of intangible assets are as follows: September 30, 2024 December 31, 2023 (in millions) Weighted Average Gross Accumulated Net Gross Accumulated Net Intellectual property rights 10.8 $ 68.9 $ 15.8 $ 53.1 $ 62.2 $ 15.0 $ 47.2 Customer relationships and backlog 18.9 624.2 293.5 330.7 504.4 269.5 234.9 Developed Technology 6.9 66.3 25.3 41.0 26.3 21.2 5.1 Other 10.0 73.5 58.1 15.4 73.5 51.8 21.7 Total 18.0 $ 832.9 $ 392.7 $ 440.2 $ 666.4 $ 357.5 $ 308.9
Intangible Assets Future Amortization Expense	Future amortization expense associated with intangible assets is expected to be: (in millions) Remainder of 2024 $ 13.9 2025 45.8 2026 45.6 2027 43.0 2028 38.8 2029 and after 207.6

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Accrued Liabilities [Abstract]
Schedule Of Accrued Liabilities	Accrued liabilities consist of: (in millions) September 30, December 31, Contract liabilities $ 63.5 $ 92.5 Employee related expenses 46.0 62.3 Current lease liabilities 10.5 7.2 Accrued interest 7.0 6.3 Warranty 6.0 5.6 Other 50.1 36.6 Total $ 183.1 $ 210.5

Financing (Tables)

Financing (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Components Of Debt	Our debt consisted of the following: (in millions) September 30, December 31, Term Facility $ 5.0 $ 4.6 Revolving Facility 150.0 — Total short-term borrowings (a) $ 155.0 $ 4.6 Term Facility $ 95.4 $ 98.5 6.55% notes due November 2036 198.7 198.6 4.20% notes due March 2048 346.7 346.6 Other deferred financing costs associated with credit facilities (2.6) (3.4) Total long-term debt (a) $ 638.2 $ 640.3 (a) Debt discounts and debt issuance costs totaled $8.5 million and $10.1 million as of September 30, 2024, and December 31, 2023, respectively, and have been netted against the aggregate principal amounts of the related debt in the components of the debt table above, where applicable.

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring Program Accrual Balance Reconciliation	The following table summarizes the accrual balances related to these restructuring charges by program: (in millions) 2024 Restructuring 2022 Restructuring Total Severance: Balance as of December 31, 2023 (a) $ — $ 0.6 $ 0.6 Expense (b) 2.7 — 2.7 Utilization (2.4) (0.4) (2.8) Balance as of September 30, 2024 (a) $ 0.3 $ 0.2 $ 0.5 (a) Included within “Accrued Liabilities” in the Unaudited Consolidated and Condensed Balance Sheets. (b) Included within “Restructuring charges, net” in the Unaudited Consolidated and Combined Condensed Statements of Operations.

Organization and Basis of Pre_3

Organization and Basis of Presentation (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) segment	Dec. 31, 2023 USD ($)
Line of Credit Facility [Line Items]
Number of reportable segments | segment	2
Performance-based RSUs
Line of Credit Facility [Line Items]
Liability for modification of performance-based RSUs | $	$ 1.5	$ 1.9

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Selling, general and administrative expenses	$ 96.3	$ 85.8	$ 283.9	$ 274.2
Net outstanding payables	108.4		108.4		$ 106.5
Net outstanding receivables	215.2		215.2		214.9
Related Party
Related Party Transaction [Line Items]
Interest expense				2.5
Related Party | Centralized Cost
Related Party Transaction [Line Items]
Selling, general and administrative expenses		13.5
Related Party | Spinoff Transaction Costs
Related Party Transaction [Line Items]
Selling, general and administrative expenses		$ 2.7		$ 19.7
Related Party | SpinCo | Transition Services Agreement
Related Party Transaction [Line Items]
Net outstanding payables	0.1		0.1
Net outstanding receivables					0.3
Related Party | SpinCo | Tax Matters Agreement
Related Party Transaction [Line Items]
Net outstanding receivables	$ 6.5		$ 6.5		$ 4.5

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	May 03, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Amount paid, net of cash acquired				$ 269.9	$ 0
Contingent acquisition liability		$ 1.5		1.5		$ 0
Pro forma net sales		403.5	$ 381.8	1,132.9	1,119.9
Pro forma net income		50.9	$ 50	139.7	$ 117.5
Acquisition-related and integration charges		$ 6.1		$ 16.1
OpSec
Business Acquisition [Line Items]
Cash contributions received	$ 270
Amount paid, net of cash acquired	269.8
Debt instrument, face amount	210
Contingent acquisition liability	1.5
OpSec | Maximum
Business Acquisition [Line Items]
Contingent acquisition liability	$ 2.2
Intellectual property rights
Business Acquisition [Line Items]
Weighted Average Life (in years)	9 years
Intellectual property rights | OpSec
Business Acquisition [Line Items]
Weighted Average Life (in years)	9 years
Developed technology | Minimum
Business Acquisition [Line Items]
Weighted Average Life (in years)	3 years
Developed technology | Maximum
Business Acquisition [Line Items]
Weighted Average Life (in years)	6 years
Developed technology | OpSec
Business Acquisition [Line Items]
Weighted Average Life (in years)	5 years 8 months 12 days
Customer relationships | Minimum
Business Acquisition [Line Items]
Weighted Average Life (in years)	16 years
Customer relationships | Maximum
Business Acquisition [Line Items]
Weighted Average Life (in years)	20 years
Customer relationships | OpSec
Business Acquisition [Line Items]
Weighted Average Life (in years)	19 years 3 months 18 days

Acquisitions - Fair Value of As

Acquisitions - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Sep. 30, 2024	May 03, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill	$ 965.4		$ 841.2
OpSec
Business Acquisition [Line Items]
Total current assets		$ 35.7
Property, plant and equipment		17.3
Other assets		12.2
Intangible assets		158.3
Goodwill		123.2
Total assets acquired		346.7
Total current liabilities		36.1
Other liabilities		42.2
Total assumed liabilities		78.3
Net assets acquired		$ 268.4

Acquisitions - Acquired Intangi

Acquisitions - Acquired Intangible Assets and Weighted Average Useful Life (Details) $ in Millions	May 03, 2024 USD ($)
OpSec
Business Acquisition [Line Items]
Intangible Fair Value	$ 158.3
Intellectual property rights
Business Acquisition [Line Items]
Weighted Average Life (in years)	9 years
Intellectual property rights | OpSec
Business Acquisition [Line Items]
Intangible Fair Value	$ 4.3
Weighted Average Life (in years)	9 years
Customer relationships | OpSec
Business Acquisition [Line Items]
Intangible Fair Value	$ 115.5
Weighted Average Life (in years)	19 years 3 months 18 days
Developed technology | OpSec
Business Acquisition [Line Items]
Intangible Fair Value	$ 36.5
Weighted Average Life (in years)	5 years 8 months 12 days
Backlog | OpSec
Business Acquisition [Line Items]
Intangible Fair Value	$ 2
Weighted Average Life (in years)	8 months 12 days

Segment Results (Narrative) (De

Segment Results (Narrative) (Details)	9 Months Ended
	Sep. 30, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Results (Schedule Of Fi

Segment Results (Schedule Of Financial Information By Reportable Segment) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Net sales	$ 403.5	$ 352.9	$ 1,087.7	$ 1,034.4
Operating profit:	75	79.7	198	214.4
Interest income	0.4	0.3	1.4	0.7
Miscellaneous income, net	(1.3)	0.7	1.7	3.1
Income before income taxes	63.3	67.9	165.4	178.4
Related Party
Segment Reporting Information [Line Items]
Interest expense				(2.5)
Corporate
Segment Reporting Information [Line Items]
Operating profit:	(18.9)	(12.8)	(54.2)	(57)
Crane Payment Innovations
Segment Reporting Information [Line Items]
Net sales	224.9	221.6	658.3	671.3
Crane Payment Innovations | Operating Segments
Segment Reporting Information [Line Items]
Operating profit:	64.6	59.7	178.7	186.3
Security and Authentication Technologies
Segment Reporting Information [Line Items]
Net sales	178.6	131.3	429.4	363.1
Security and Authentication Technologies | Operating Segments
Segment Reporting Information [Line Items]
Operating profit:	$ 29.3	$ 32.8	$ 73.5	$ 85.1

Segment Results (Reconciliation

Segment Results (Reconciliation of Segment Assets to Consolidated Assets) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 2,410.6	$ 2,129.4
Corporate
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	39.5	35.9
Crane Payment Innovations | Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,203.4	1,279.1
Security and Authentication Technologies | Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 1,167.7	$ 814.4

Segment Results (Schedule Of Go

Segment Results (Schedule Of Goodwill By Segment) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Goodwill	$ 965.4	$ 841.2
Crane Payment Innovations
Segment Reporting Information [Line Items]
Goodwill	627.8	626.7
Security and Authentication Technologies
Segment Reporting Information [Line Items]
Goodwill	$ 337.6	$ 214.5

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 403.5	$ 352.9	$ 1,087.7	$ 1,034.4
Crane Payment Innovations
Disaggregation of Revenue [Line Items]
Net sales	224.9	221.6	658.3	671.3
Security and Authentication Technologies
Disaggregation of Revenue [Line Items]
Net sales	178.6	131.3	429.4	363.1
Products | Crane Payment Innovations
Disaggregation of Revenue [Line Items]
Net sales	190.9	189.1	557.9	574.9
Services | Crane Payment Innovations
Disaggregation of Revenue [Line Items]
Net sales	34	32.5	100.4	96.4
Banknotes and Security Products | Security and Authentication Technologies
Disaggregation of Revenue [Line Items]
Net sales	145.4	130.1	372.9	359.6
Authentication Products and Solutions | Security and Authentication Technologies
Disaggregation of Revenue [Line Items]
Net sales	$ 33.2	$ 1.2	$ 56.5	$ 3.5

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, amount	$ 484.8	$ 484.8
Revenue recognized related to contract liabilities	$ 17.3	$ 65.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	54%	54%
Remaining performance obligation, expected timing of satisfaction, period	6 months	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	38%	38%
Remaining performance obligation, expected timing of satisfaction, period	1 year	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction, period

Revenue (Contract Assets and Co

Revenue (Contract Assets and Contract Liabilities) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract assets	$ 40.1	$ 30.3
Contract liabilities	$ 78	$ 92.5

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - $ / shares shares in Millions		3 Months Ended		9 Months Ended
	Apr. 03, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Common stock distributions (in shares)	56.7
Common stock, par value (in dollars per share)	$ 1	$ 1		$ 1	$ 1
Average options excluded from computation of diluted earnings per share		0.2	0.4	0.3

Earnings Per Share (Computation

Earnings Per Share (Computation Of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income attributable to common shareholders	$ 47.1	$ 41.6	$ 37.8	$ 51.9	$ 43.2	$ 43.7	$ 126.5	$ 138.8
Average basic shares outstanding (in shares)	57.2			56.8			57.1	56.8
Effect of dilutive share-based awards (in shares)	0.6			0.7			0.7	0.6
Average diluted shares outstanding (in shares)	57.8			57.5			57.8	57.4
Earnings per basic share (in dollars per share)	$ 0.82			$ 0.91			$ 2.21	$ 2.44
Earnings per diluted share (in dollars per share)	$ 0.81			$ 0.90			$ 2.19	$ 2.42

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss (Classification Of Accumulated Other Comprehensive Income Reflected On Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	6 Months Ended	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 964	$ 964
Ending balance	989.8	1,070.7
Tax detriment	1.5	1.1
Pension and Postretirement Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	3.8	3.8
Other comprehensive loss before reclassifications		(1.2)
Amounts reclassified from accumulated other comprehensive loss		(2.7)
Net period other comprehensive (loss) income		(3.9)
Ending balance		(0.1)
Currency Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(122.4)	(122.4)
Other comprehensive loss before reclassifications		6.9
Amounts reclassified from accumulated other comprehensive loss		0
Net period other comprehensive (loss) income		6.9
Ending balance		(115.5)
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(118.6)	(118.6)
Other comprehensive loss before reclassifications		5.7
Amounts reclassified from accumulated other comprehensive loss		(2.7)
Net period other comprehensive (loss) income		3
Ending balance	$ (154.8)	$ (115.6)

Changes in Accumulated Other _4

Changes in Accumulated Other Comprehensive Loss (Details of Accumulated Other Comprehensive Income Components) (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amortization of pension and postretirement components	$ (1.3)			$ 0.7			$ 1.7	$ 3.1
Total before tax	63.3			67.9			165.4	178.4
Tax impact	16.2			16			38.9	39.6
Net income attributable to common shareholders	47.1	$ 41.6	$ 37.8	51.9	$ 43.2	$ 43.7	126.5	138.8
Reclassification out of Accumulated Other Comprehensive Income | Pension and Postretirement Benefits
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax	(2)			(0.6)			(3.1)	(1.8)
Tax impact	(0.2)			(0.1)			(0.4)	(0.3)
Net income attributable to common shareholders	(1.8)			(0.5)			(2.7)	(1.5)
Pension Plan [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other	1.4						1.4
Pension Plan [Member] | Reclassification out of Accumulated Other Comprehensive Income | Prior service costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amortization of pension and postretirement components	(0.2)			(0.1)			(0.6)	(0.5)
Pension Plan [Member] | Reclassification out of Accumulated Other Comprehensive Income | Net gain (loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amortization of pension and postretirement components	0.1			0			0.2	0
Postretirement | Reclassification out of Accumulated Other Comprehensive Income | Prior service costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amortization of pension and postretirement components	(0.3)			(0.3)			(0.7)	(0.8)
Postretirement | Reclassification out of Accumulated Other Comprehensive Income | Net gain (loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amortization of pension and postretirement components	(0.2)			$ (0.2)			(0.6)	$ (0.5)
Other	$ (1.4)						$ (1.4)

Pension and Postretirement Be_3

Pension and Postretirement Benefits (Components of Net Periodic Benefit) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	0.2	0.2	0.5	0.6
Expected return on plan assets	0	0	0	0
Amortization of prior service cost	(0.3)	(0.3)	(0.7)	(0.8)
Amortization of net loss (gain)	(0.2)	(0.2)	(0.6)	(0.5)
Net periodic (benefit) expense	(0.3)	(0.3)	(0.8)	(0.7)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Amortization of Gain (Loss)	0.2	0.2	0.6	0.5
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.5	0.5	1.6	1.4
Interest cost	0.5	0.5	1.5	1.6
Expected return on plan assets	(0.8)	(0.8)	(2.4)	(2.4)
Amortization of prior service cost	(0.2)	(0.1)	(0.6)	(0.5)
Amortization of net loss (gain)	0.1	0	0.2	0
Net periodic (benefit) expense	(1.3)	0.1	(1.1)	0.1
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Amortization of Gain (Loss)	(0.1)	$ 0	(0.2)	$ 0
Other	$ 1.4		$ 1.4

Pension and Postretirement Be_4

Pension and Postretirement Benefits (Expected Contributions to Pension and Postretirement Plans) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected contributions in 2024	$ 2
Amounts contributed during the nine months ended September 30, 2024	1.3
Postretirement
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected contributions in 2024	1.5
Amounts contributed during the nine months ended September 30, 2024	$ 1.4

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Effective Tax Rate	25.50%	23.50%	23.50%	22.20%
Pillar 2 adoption expense			$ 2
Gross unrecognized tax benefits	$ 18.2		$ 18.2		$ 19.3

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Changes to Goodwill) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 841.2
Additions	123.2
Currency translation	1
Ending balance	965.4
Crane Payment Innovations
Goodwill [Roll Forward]
Beginning balance	626.7
Additions	0
Currency translation	1.1
Ending balance	627.8
Security and Authentication Technologies
Goodwill [Roll Forward]
Beginning balance	214.5
Additions	123.2
Currency translation	(0.1)
Ending balance	$ 337.6

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Net intangible assets	$ 440.2	$ 308.9	$ 344.9
Intangibles with indefinite useful lives	$ 45.5	$ 45.5

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Changes to Intangible Assets) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived and Indefinite-Lived Intangible Assets [Roll Forward]
Balance at beginning of period, net of accumulated amortization	$ 308.9	$ 344.9
Additions	163.2	0
Amortization expense	(33.7)	(35.9)
Currency translation and other	1.8	(0.1)
Balance at end of period, net of accumulated amortization	$ 440.2	$ 308.9

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Summary Of Intangible Assets) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted  Average Amortization Period of Finite Lived Assets (in years)	18 years
Gross Asset	$ 832.9	$ 666.4
Accumulated Amortization	392.7	357.5
Net	$ 440.2	308.9	$ 344.9
Intellectual property rights
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted  Average Amortization Period of Finite Lived Assets (in years)	10 years 9 months 18 days
Gross Asset	$ 68.9	62.2
Accumulated Amortization	15.8	15
Net	$ 53.1	47.2
Customer relationships and backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted  Average Amortization Period of Finite Lived Assets (in years)	18 years 10 months 24 days
Gross Asset	$ 624.2	504.4
Accumulated Amortization	293.5	269.5
Net	$ 330.7	234.9
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted  Average Amortization Period of Finite Lived Assets (in years)	6 years 10 months 24 days
Gross Asset	$ 66.3	26.3
Accumulated Amortization	25.3	21.2
Net	$ 41	5.1
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted  Average Amortization Period of Finite Lived Assets (in years)	10 years
Gross Asset	$ 73.5	73.5
Accumulated Amortization	58.1	51.8
Net	$ 15.4	$ 21.7

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets (Future Amortization Expense) (Details) $ in Millions	Sep. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 13.9
2025	45.8
2026	45.6
2027	43
2028	38.8
2029 and after	$ 207.6

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Accrued Liabilities [Abstract]
Contract liabilities	$ 63.5	$ 92.5
Employee related expenses	46	62.3
Current lease liabilities	10.5	7.2
Accrued interest	7	6.3
Warranty	6	5.6
Other	50.1	36.6
Total	$ 183.1	$ 210.5

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Sep. 30, 2024 USD ($)
Tax Matters Agreement
Other Commitments [Line Items]
Tax agreement liability	$ 0

Financing (Components Of Debt)

Financing (Components Of Debt) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total short-term borrowings	$ 155	$ 4.6
Other deferred financing costs associated with credit facilities	(2.6)	(3.4)
Total long-term debt	638.2	640.3
Debt discounts and debt issuance costs	$ 8.5	10.1
6.55% notes due November 2036
Debt Instrument [Line Items]
Debt instrument, interest rate	6.55%
Long-term debt	$ 198.7	198.6
4.20% notes due March 2048
Debt Instrument [Line Items]
Debt instrument, interest rate	4.20%
Long-term debt	$ 346.7	346.6
Term Facility | Credit Agreement | Line of Credit
Debt Instrument [Line Items]
Long-term debt	95.4	98.5
Term Facility | Credit Agreement | Line of Credit
Debt Instrument [Line Items]
Total short-term borrowings	5	4.6
Revolving Facility | Credit Agreement | Line of Credit
Debt Instrument [Line Items]
Total short-term borrowings	$ 150	$ 0

Financing (Narrative) (Details)

Financing (Narrative) (Details)		9 Months Ended
	Mar. 17, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Line of Credit Facility [Line Items]
Proceeds from revolving credit facility		$ 310,500,000	$ 20,000,000
Repayment of revolving credit facility		$ 160,500,000	$ 20,000,000
Credit Agreement | Line of Credit
Line of Credit Facility [Line Items]
Net leverage ratio	3.50
Maximum net leverage ratio	4
Minimum interest coverage ratio	3
Credit Agreement | Line of Credit | Variable Rate Component One | Minimum | SOFR
Line of Credit Facility [Line Items]
Credit spread adjustment	0.10%
Margin rate	1.50%
Credit Agreement | Line of Credit | Variable Rate Component One | Maximum | SOFR
Line of Credit Facility [Line Items]
Margin rate	2.25%
Credit Agreement | Line of Credit | Variable Rate Component Two | Minimum | Base Rate
Line of Credit Facility [Line Items]
Margin rate	0.50%
Credit Agreement | Line of Credit | Variable Rate Component Two | Maximum | Base Rate
Line of Credit Facility [Line Items]
Margin rate	1.25%
Revolving Facility | Credit Agreement | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 500,000,000
Debt instrument, term	5 years
Revolving Facility | Credit Agreement | Line of Credit | Minimum
Line of Credit Facility [Line Items]
Undrawn commitments fee percentage	0.20%
Revolving Facility | Credit Agreement | Line of Credit | Maximum
Line of Credit Facility [Line Items]
Undrawn commitments fee percentage	0.35%
Term Facility | Credit Agreement | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 350,000,000
Debt instrument, term	3 years

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Derivative, notional value	$ 70.9
Derivative liability	0.2	$ 0
Total debt, estimated fair value	451.4	469.5
Contingent acquisition liability	1.5	$ 0
Derivative receivable	$ 0.3

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	9 Months Ended		21 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0	$ 0		$ 2.7	$ 0
2024 Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges				2.7
Additional restructuring costs	0			0
2024 Restructuring | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 2.7
2022 Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges				0		$ 6.7
Additional restructuring costs	$ 0			$ 0
2022 Restructuring | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges						5.8
2022 Restructuring | Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges						$ 0.9

Restructuring (Restructuring Pr

Restructuring (Restructuring Program Accrual Balance Reconciliation) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		21 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Restructuring Reserve [Roll Forward]
Beginning balance			$ 0.6
Expense	$ 0	$ 0	2.7	$ 0
Utilization			(2.8)
Ending balance	0.5		0.5
2024 Restructuring
Restructuring Reserve [Roll Forward]
Beginning balance			0
Expense			2.7
Utilization			(2.4)
Ending balance	0.3		0.3
2022 Restructuring
Restructuring Reserve [Roll Forward]
Beginning balance			0.6
Expense			0		$ 6.7
Utilization			(0.4)
Ending balance	$ 0.2		$ 0.2

Revenue Recognition and Deferre

Revenue Recognition and Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue Recognition and Deferred Revenue [Abstract]
Net sales	$ 403.5	$ 352.9	$ 1,087.7	$ 1,034.4