Nature Of Operations And Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Computation Of Basic And Diluted Earnings Per Share



(in millions, except per share data) For the year ended December 31,	2015		2014		2013

Net income attributable to common shareholders	$	228.9	$	192.7	$	219.5

Weighted average basic shares outstanding	58.1		58.7		57.9
Effect of dilutive stock options	0.7		0.9		0.9
Weighted average diluted shares outstanding	58.8		59.6		58.8

Earnings per basic share	$	3.94	$	3.28	$	3.79
Earnings per diluted share	$	3.89	$	3.23	$	3.73

Summary Of Allowance For Doubtful Accounts

A summary of allowance for doubtful accounts activity follows:



(in millions) December 31,	2015			2014			2013
Balance at beginning of year	$	4.9		$	4.8		$	6.7
Provisions	3.0			3.7			1.5
Deductions	(3.2		)	(3.6		)	(3.4		)
Balance at end of year	$	4.7		$	4.9		$	4.8

Summary Of Inventories

Inventories consist of the following:



(in millions) December 31,	2015		2014
Finished goods	$	102.3	$	111.8
Finished parts and subassemblies	46.9		42.5
Work in process	60.7		53.2
Raw materials	167.0		162.2
Total inventories	$	376.9	$	369.7

Summary Of Property, Plant And Equipment, Net

Property, plant and equipment, net consist of the following:



(in millions) December 31,	2015		2014
Land	$	68.8	$	73.2
Buildings and improvements	174.7		179.8
Machinery and equipment	566.0		571.9
Gross property, plant and equipment	809.5		824.9
Less: accumulated depreciation	533.5		534.6
Property, plant and equipment, net	$	276.0	$	290.3

Schedule Of Changes To Goodwill

Changes to goodwill are as follows:



(in millions) December 31,	2015			2014
Balance at beginning of period	$	1,191.3		$	1,249.3
Disposals	—			(0.8		)
Adjustments to purchase price allocations	—			(13.9		)
Currency translation	(23.4		)	(43.3		)
Balance at end of period	$	1,167.9		$	1,191.3

Schedule Of Changes To Intangible Assets

hanges to intangible assets are as follows:



(in millions) December 31,	2015			2014
Balance at beginning of period, net of accumulated amortization	$	353.5		$	408.9
Amortization expense	(31.5		)	(37.9		)
Currency translation and other	(4.9		)	(17.5		)
Balance at end of period, net of accumulated amortization	$	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, 2015						December 31, 2014
(in millions)		Gross Asset		Accumulated Amortization		Net		Gross Asset		Accumulated Amortization		Net
Intellectual property rights	16.5	$	88.3	$	51.4	$	36.9	$	91.3	$	50.4	$	40.9
Customer relationships and backlog	15.5	395.7		132.9		262.8		402.6		112.5		290.1
Drawings	37.9	11.1		10.1		1.0		11.1		10.0		1.1
Other	12.9	61.8		45.4		16.4		63.2		41.8		21.4
Total	15.8	$	556.9	$	239.8	$	317.1	$	568.2	$	214.7	$	353.5

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 for the period ended December 31, 2015 and 2014.



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,	2015			2014
Amortization of defined benefit pension items:
Prior-service costs	$	(0.4	)	$	0.1		($0.5) and $0.2 have been recorded within Cost of Sales for the years ended December 31, 2015 and 2014, respectively, and $0.1 and ($0.0) have been recorded within Selling, General & Administrative for the years ended December 31, 2015 and 2014, respectively
Net loss (gain)	12.3			5.1			$16.7 and $6.9 have been recorded within Cost of Sales for the years ended December 31, 2015 and 2014, respectively and ($4.4) and ($1.8) have been recorded within Selling, General & Administrative for the years ended December 31, 2015 and 2014, respectively
Amortization of other postretirement items:
Prior-service costs	(0.2		)	(0.2		)	Recorded within Selling, General & Administrative
Net loss (gain)	(0.4		)	(0.2		)	Recorded within Selling, General & Administrative

	$	11.3		$	4.8		Total before tax
	3.4			0.7			Tax benefit
Total reclassifications for the period	$	7.9		$	4.1		Net of tax