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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 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

Additions
22.6

6.6



29.2

Currency translation
6.2

11.9

0.1


18.2

Balance as of June 30, 2017
$
241.1

$
581.8

$
202.4

$
171.3

$
1,196.6


Changes To Intangible Assets
 Changes to intangible assets are as follows:
(in millions)
Six Months Ended June 30, 2017
 
Year Ended December 31, 2016
Balance at beginning of period, net of accumulated amortization
$
282.2

 
$
317.1

Additions
18.1

 

Amortization expense
(14.8
)
 
(30.7
)
Currency translation and other
7.6

 
(4.2
)
Balance at end of period, net of accumulated amortization
$
293.1

 
$
282.2

For the six month period ended June 30, 2017, additions to intangible assets represent the initial purchase price allocation related to the April 2017 acquisition of Westlock and the June 2017 acquisition of Microtronic. See discussion in Note 2, "Acquisitions" for further details.
Summary Of Intangible Assets
A summary of intangible assets follows:
 
Weighted Average
Amortization Period of Finite Lived Assets (in years)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2017
 
December 31, 2016
(in millions)
 
Gross
Asset
 
Accumulated
Amortization
 
Net
 
Gross
Asset
 
Accumulated
Amortization
 
Net
Intellectual property rights
16.6
 
$
89.3

 
$
52.3

 
$
37.0

 
$
86.4

 
$
52.1

 
$
34.3

Customer relationships and backlog
15.7
 
414.2

 
168.6

 
245.6

 
388.9

 
153.4

 
235.5

Drawings
37.9
 
11.1

 
10.3

 
0.8

 
11.1

 
10.3

 
0.8

Other
13.0
 
61.2

 
51.5

 
9.7

 
60.3

 
48.7

 
11.6

Total
15.9
 
$
575.8

 
$
282.7

 
$
293.1

 
$
546.7

 
$
264.5

 
$
282.2