Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

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, 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 at December 31, 2016	$	212.3		$	563.3		$	202.3		$	171.3		$	1,149.2
Currency translation	1.4			7.1			—			—			8.5
Balance as of March 31, 2017	$	213.7		$	570.4		$	202.3		$	171.3		$	1,157.7

Changes To Intangible Assets

Changes to intangible assets are as follows:

(in millions)	Three Months Ended March 31, 2017			Year Ended December 31, 2016
Balance at beginning of period, net of accumulated amortization	$	282.2		$	317.1
Amortization expense	(7.2		)	(30.7		)
Currency translation and other	3.8			(4.2		)
Balance at end of period, net of accumulated amortization	$	278.8		$	282.2

Summary Of Intangible Assets

A summary of intangible assets follows:

	Weighted Average Amortization Period of Finite Lived Assets (in years)
		March 31, 2017						December 31, 2016
(in millions)		Gross Asset		Accumulated Amortization		Net		Gross Asset		Accumulated Amortization		Net
Intellectual property rights	16.4	$	86.8	$	52.7	$	34.1	$	86.4	$	52.1	$	34.3
Customer relationships and backlog	15.8	393.8		160.5		233.3		388.9		153.4		235.5
Drawings	37.9	11.1		10.3		0.8		11.1		10.3		0.8
Other	13.0	60.5		49.9		10.6		60.3		48.7		11.6
Total	16.0	$	552.2	$	273.4	$	278.8	$	546.7	$	264.5	$	282.2