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RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS (Tables)
 9 Months Ended
Sep. 30, 2017
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Costs [Table Text Block]
The table below summarizes the restructuring costs presented within general and administrative expenses in our Consolidated Condensed Statements of Operations for the three and nine months ended September 30, 2017 and 2016.
 
Three Months
 
Nine Months
For the Periods Ended September 30
2017
 
2016
 
2017
 
2016
Severance costs
$
4.6

 
$
3.1

 
$
7.3

 
$
22.0

Asset write-offs
0.1

 
0.2

 
0.1

 
0.4

Other restructuring costs
—

 
0.7

 
1.6

 
1.4

Total restructuring costs
$
4.7

 
$
4.0

 
$
9.0

 
$
23.8

By segment:
 
 
 
 
 
 
 
Industrial Process
$
3.2

 
$
2.9

 
$
4.9

 
$
19.9

Motion Technologies
0.5

 
1.1

 
1.3

 
2.5

Connect & Control Technologies
1.6

 
—

 
2.8

 
0.9

Corporate and Other
(0.6
)
 
—

 
—

 
0.5
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Condensed Balance Sheet within accrued liabilities, for the nine months ended September 30, 2017 and 2016.
For the Periods Ended September 30
2017
 
2016
Restructuring accruals - beginning balance
$
14.6

 
$
20.0

Restructuring costs
9.0

 
23.8

Cash payments
(13.8
)
 
(22.7
)
Asset write-offs
(0.1
)
 
(0.4
)
Foreign exchange translation and other
1.4

 
—

Restructuring accrual - ending balance
$
11.1

 
$
20.7

By accrual type:
 
 
 
Severance accrual
$
9.9

 
$
19.4

Facility carrying and other costs accrual
1.2

 
1.3
Industrial Process Restructuring Action [Member]  
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Costs [Table Text Block]
Industrial Process Restructuring Actions
Beginning in early 2015, we have been executing a series of restructuring actions focused on achieving efficiencies and reducing the overall cost structure of the Industrial Process segment in an effort to align with the declining oil and gas market conditions experienced over the past two years. During the first nine months of 2017, we continued to pursue these objectives and we recognized $4.9 of restructuring costs primarily related to the exit of certain office space and severance for 61 employees. Cash payments related to the remaining accrual are expected to be substantially complete in 2018. However, we will continue to monitor and evaluate the need for any additional restructuring actions.
The following table provides a rollforward of the restructuring accruals associated with the Industrial Process restructuring actions.
For the Nine Months Ended September 30
2017
 
2016
Restructuring accruals - beginning balance
$
6.5

 
$
4.9

Restructuring costs
4.9

 
19.9

Cash payments
(5.5
)
 
(12.8
)
Asset write-offs
(0.1
)
 
(0.4
)
Foreign exchange translation and other
(0.9
)
 
0.3

Restructuring accruals - ending balance
$
4.9

 
$
11.9