| Accounting Policies [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Accounting Policies [Abstract] | |
Computation Of Basic And Diluted Earnings Per Share | | | | | | | | | | | | | | | (in millions, except per share data) For the year ended December 31, | | 2016 |
| | 2015 |
| | 2014 |
| | | | | | | | Net income attributable to common shareholders | | $ | 122.8 |
| | $ | 228.9 |
| | $ | 192.7 |
| | | | | | | | Weighted average basic shares outstanding | | 58.5 |
| | 58.1 |
| | 58.7 |
| Effect of dilutive stock options | | 0.8 |
| | 0.7 |
| | 0.9 |
| Weighted average diluted shares outstanding | | 59.3 |
| | 58.8 |
| | 59.6 |
| | | | | | | | Earnings per basic share | | $ | 2.10 |
| | $ | 3.94 |
| | $ | 3.28 |
| Earnings per diluted share | | $ | 2.07 |
| | $ | 3.89 |
| | $ | 3.23 |
|
|
Summary Of Allowance For Doubtful Accounts | A summary of allowance for doubtful accounts activity follows: | | | | | | | | | | | | | | (in millions) December 31, | | 2016 |
| | 2015 |
| | 2014 |
| Balance at beginning of year | | $ | 4.7 |
| | $ | 4.9 |
| | $ | 4.8 |
| Provisions | | 6.1 |
| | 3.0 |
| | 3.7 |
| Deductions | | (3.5 | ) | | (3.2 | ) | | (3.6 | ) | Balance at end of year | | $ | 7.3 |
| | $ | 4.7 |
| | $ | 4.9 |
|
|
Summary Of Inventories | Inventories consist of the following: | | | | | | | | | | (in millions) December 31, | | 2016 |
| | 2015 |
| Finished goods | | $ | 97.7 |
| | $ | 102.3 |
| Finished parts and subassemblies | | 38.2 |
| | 46.9 |
| Work in process | | 56.0 |
| | 60.7 |
| Raw materials | | 150.6 |
| | 167.0 |
| Total inventories | | $ | 342.5 |
| | $ | 376.9 |
|
|
Summary Of Property, Plant And Equipment, Net | Property, plant and equipment, net consist of the following: | | | | | | | | | | (in millions) December 31, | | 2016 |
| | 2015 |
| Land | | $ | 66.6 |
| | $ | 68.8 |
| Buildings and improvements | | 193.5 |
| | 174.7 |
| Machinery and equipment | | 566.8 |
| | 566.0 |
| Gross property, plant and equipment | | 826.9 |
| | 809.5 |
| Less: accumulated depreciation | | 548.0 |
| | 533.5 |
| Property, plant and equipment, net | | $ | 278.9 |
| | $ | 276.0 |
|
|
Schedule Of Changes To Goodwill | Changes to goodwill are as follows: | | | | | | | | | | | | | | | | | (in millions) | Fluid Handling | Payment & Merchandising Technologies | Aerospace & Electronics | Engineered Materials | Total | Balance as of December 31, 2014 | $ | 227.3 |
| $ | 589.9 |
| $ | 202.7 |
| $ | 171.5 |
| $ | 1,191.3 |
| Currency translation | (8.6 | ) | (14.7 | ) | (0.1 | ) | (0.1 | ) | (23.4 | ) | Balance at December 31, 2015 | $ | 218.7 |
| $ | 575.2 |
| $ | 202.6 |
| $ | 171.4 |
| $ | 1,167.9 |
| Currency translation | (6.4 | ) | (11.9 | ) | (0.3 | ) | (0.1 | ) | (18.7 | ) | Balance as of December 31, 2016 | $ | 212.3 |
| $ | 563.3 |
| $ | 202.3 |
| $ | 171.3 |
| $ | 1,149.2 |
|
|
Schedule Of Changes To Intangible Assets | hanges to intangible assets are as follows: | | | | | | | | | | | | (in millions) December 31, | 2016 |
| | 2015 |
| 2014 |
| Balance at beginning of period, net of accumulated amortization | $ | 317.1 |
| | $ | 353.5 |
| $ | 408.9 |
| Amortization expense | (30.7 | ) | | (31.5 | ) | (37.9 | ) | Currency translation and other | (4.2 | ) | | (4.9 | ) | (17.5 | ) | Balance at end of period, net of accumulated amortization | $ | 282.2 |
| | $ | 317.1 |
| $ | 353.5 |
|
|
Summary Of Intangible Assets | A summary of intangible assets follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Weighted Average Amortization Period of Finite Lived Assets (in years) | | December 31, 2016 | | December 31, 2015 | | Gross Asset |
| | Accumulated Amortization |
| | Net |
| | Gross Asset |
| | Accumulated Amortization |
| | Net |
| Intellectual property rights | 16.4 | | $ | 86.4 |
| | $ | 52.1 |
| | $ | 34.3 |
| | $ | 88.3 |
| | $ | 51.4 |
| | $ | 36.9 |
| Customer relationships and backlog | 15.7 | | 388.9 |
| | 153.4 |
| | 235.5 |
| | 395.7 |
| | 132.9 |
| | 262.8 |
| Drawings | 37.9 | | 11.1 |
| | 10.3 |
| | 0.8 |
| | 11.1 |
| | 10.1 |
| | 1.1 |
| Other | 13.0 | | 60.3 |
| | 48.7 |
| | 11.6 |
| | 61.8 |
| | 45.4 |
| | 16.4 |
| Total | 16.0 | | $ | 546.7 |
| | $ | 264.5 |
| | $ | 282.2 |
| | $ | 556.9 |
| | $ | 239.8 |
| | $ | 317.1 |
|
|
Classification Of Accumulated Other Comprehensive Income (Loss) Reflected On Consolidated Balance Sheets | The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2016 and 2015. | | | | | | | | | | | | Details of Accumulated Other Comprehensive Loss Components (in millions) | | Amount Reclassified from Accumulated Other Comprehensive Loss | | Affected Line Item in the Statements of Operations | December 31, | | 2016 | | 2015 | | | Amortization of defined benefit pension items: | | | | | | | Prior-service costs | | $ | (0.6 | ) | | $ | (0.4 | ) | | ($0.8) and ($0.5) have been recorded within Cost of Sales for the years ended December 31, 2016 and 2015, respectively, and $0.2 and $.01 have been recorded within Selling, General & Administrative for the years ended December 31, 2016 and 2015, respectively | Net loss | | 11.3 |
| | 12.3 |
| | $15.3 and $16.7 have been recorded within Cost of Sales for the years ended December 31, 2016 and 2015, respectively and ($4.0) and ($4.4) have been recorded within Selling, General & Administrative for the years ended December 31, 2016 and 2015, respectively | Amortization of other postretirement items: | | | | | | | Prior-service costs | | (0.2 | ) | | (0.2 | ) | | Recorded within Selling, General & Administrative | Net gain | | (0.3 | ) | | (0.4 | ) | | Recorded within Selling, General & Administrative | | | | | | | | | | $ | 10.2 |
| | $ | 11.3 |
| | Total before tax | | | 3.1 |
| | 3.4 |
| | Tax benefit | Total reclassifications for the period | | $ | 7.1 |
| | $ | 7.9 |
| | Net of tax |
|