Segment Results (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting Information [Line Items]

Schedule Of Financial Information By Reportable Segment

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in millions)	2017			2016			2017			2016
Net sales
Fluid Handling	$	263.8		$	265.9		$	503.4		$	513.9
Payment & Merchandising Technologies	198.2			192.6			393.7			364.5
Aerospace & Electronics	171.1			189.2			334.5			361.0
Engineered Materials	69.4			64.5			144.3			132.8
Total	$	702.5		$	712.2		$	1,375.9		$	1,372.2
Operating profit (loss)
Fluid Handling	$	31.6		$	35.4		$	58.7		$	60.8
Payment & Merchandising Technologies	42.5			34.5			81.6			62.5
Aerospace & Electronics	38.0			38.6			70.0			71.7
Engineered Materials	13.3			13.5			27.3			27.2
Corporate *	(16.4		)	(19.4		)	(32.0		)	(34.1		)
Total	109.0			102.6			205.6			188.1
Interest income	0.6			0.5			1.1			1.0
Interest expense	(9.0		)	(9.2		)	(18.0		)	(18.3		)
Miscellaneous - net	(0.9		)	(0.3		)	(1.0		)	(0.6		)
Income before income taxes	$	99.7		$	93.6		$	187.7		$	170.2

* Includes a $5 million legal settlement charge in the three and six months ended June 30, 2016.

	As of
(in millions)	June 30, 2017		December 31, 2016
Assets
Fluid Handling	$	924.1	$	845.9
Payment & Merchandising Technologies	1,221.7		1,188.9
Aerospace & Electronics	567.8		555.5
Engineered Materials	228.3		224.7
Corporate	591.9		613.0
Total	$	3,533.8	$	3,428.0

The table below presents net sales by product line for each segment:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2017		2016		2017		2016
Fluid Handling
Process Valves and Related Products	$	165.8	$	165.9	$	314.5	$	321.0
Commercial Valves	75.0		76.5		144.5		148.9
Other Products	23.0		23.5		44.4		44.0
Total Fluid Handling	$	263.8	$	265.9	$	503.4	$	513.9
Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products	$	148.6	$	132.4	$	294.5	$	249.9
Merchandising Equipment	49.6		60.2		99.2		114.6
Total Payment & Merchandising Technologies	$	198.2	$	192.6	$	393.7	$	364.5
Aerospace & Electronics
Commercial Original Equipment	$	87.3	$	92.1	$	169.8	$	182.1
Military and Other Original Equipment	40.9		49.0		78.9		89.6
Commercial Aftermarket Products	31.6		34.0		63.7		64.4
Military Aftermarket Products	11.3		14.1		22.1		24.8
Total Aerospace & Electronics	$	171.1	$	189.2	$	334.5	$	361.0
Engineered Materials
FRP - Recreational Vehicles	$	38.1	$	32.1	$	79.7	$	67.2
FRP - Building Products	23.9		22.9		48.4		45.4
FRP - Transportation	7.4		9.5		16.2		20.2
Total Engineered Materials	$	69.4	$	64.5	$	144.3	$	132.8
Total Net Sales	$	702.5	$	712.2	$	1,375.9	$	1,372.2

Schedule Of Assets By Segment

	As of
(in millions)	June 30, 2017		December 31, 2016
Assets
Fluid Handling	$	924.1	$	845.9
Payment & Merchandising Technologies	1,221.7		1,188.9
Aerospace & Electronics	567.8		555.5
Engineered Materials	228.3		224.7
Corporate	591.9		613.0
Total	$	3,533.8	$	3,428.0

Schedule Of Goodwill By Segment

	As of
(in millions)	June 30, 2017		December 31, 2016
Goodwill
Fluid Handling	$	241.1	$	212.3
Payment & Merchandising Technologies	581.8		563.3
Aerospace & Electronics	202.4		202.3
Engineered Materials	171.3		171.3
Total	$	1,196.6	$	1,149.2