Charged to costs and expenses, net of recoveries

[Table of Contents](#i1c7c95a3a35c4e5dafc8b646de4a8ff7_7)  
The valuation and qualifying account activity for the years ended December 31, 2021 and 2020 is as follows:  


|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2021 |  | 2020 |  |  |
|   | (In millions) |
| ALLOWANCE FOR DOUBTFUL ACCOUNTS |   |
| Beginning balance January 1 | $ | 6.1  |  |  | $ | 6.3  |  |  |  |
| Charged to costs and expenses, net of recoveries | 1.5  |  |  | —  |  |  |  |
| Utilization | (0.9) |  |  | (0.5) |  |  |  |
| Other adjustments, including acquisitions and currency translation | 0.5  |  |  | 0.3  |  |  |  |
| Ending balance December 31 | $ | 7.2  |  |  | $ | 6.1  |  |  |  |

 5.    Revenue  
Disaggregation of Revenue  
The Company has a comprehensive offering of products, including technologies, built to customers’ specifications that are sold in niche markets throughout the world. The Company disaggregates revenue from contracts with customers by reporting unit and geographical region for each segment as the Company believes it best depicts how the amount, nature, timing and uncertainty of its revenue and cash flows are affected by economic factors. Revenue was attributed to geographical region based on the location of the customer. The following tables present revenue disaggregated by reporting unit and geographical region.  
Revenue by reporting unit for the years ended December 31, 2021, 2020 and 2019 was as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Year Ended December 31, |
|  | 2021 |  | 2020 |  | 2019 |
|  | (In millions) |
| Pumps | $ | 345.1  |  |  | $ | 265.3  |  |  | $ | 331.1  |  |
| Water(1) | 255.3  |  |  | 225.3  |  |  | 239.9  |  |
| Energy | 169.0  |  |  | 200.0  |  |  | 164.8  |  |
| Valves(1) | 121.9  |  |  | 118.6  |  |  | 129.0  |  |
| Agriculture | 107.4  |  |  | 87.1  |  |  | 92.2  |  |
| Intersegment elimination | (0.7) |  |  | (0.9) |  |  | (0.5) |  |
| Fluid & Metering Technologies | 998.0  |  |  | 895.4  |  |  | 956.5  |  |
| Scientific Fluidics & Optics | 508.0  |  |  | 415.8  |  |  | 434.6  |  |
| Sealing Solutions | 264.2  |  |  | 207.6  |  |  | 200.5  |  |
| Performance Pneumatic Technologies(2) | 182.2  |  |  | 122.9  |  |  | 133.5  |  |
| Material Processing Technologies | 134.5  |  |  | 120.0  |  |  | 113.6  |  |
| Micropump | 32.9  |  |  | 29.7  |  |  | 32.2  |  |
| Intersegment elimination | (2.8) |  |  | (2.6) |  |  | (1.8) |  |
| Health & Science Technologies | 1,119.0  |  |  | 893.4  |  |  | 912.6  |  |
| Fire & Safety | 377.5  |  |  | 376.3  |  |  | 404.0  |  |
| Dispensing | 169.6  |  |  | 98.5  |  |  | 116.2  |  |
| BAND-IT | 100.8  |  |  | 88.1  |  |  | 106.6  |  |
| Intersegment elimination | (0.1) |  |  | (0.1) |  |  | (1.3) |  |
| Fire & Safety/Diversified Products | 647.8  |  |  | 562.8  |  |  | 625.5  |  |
| Total net sales | $ | 2,764.8  |  |  | $ | 2,351.6  |  |  | $ | 2,494.6  |  |

  
(1) During the third quarter of 2021, the Company merged a business in the Water reporting unit with a business in the Valves reporting unit. Revenue for each reporting unit has been restated to reflect this change for all years presented.(2) This reporting unit was previously named Gast and was renamed Performance Pneumatic Technologies upon the acquisition of Airtech. Prior to 2021, amounts reflect only the Gast business.53
