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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Financial information by reportable segment is set forth below:
(in millions) December 31,
 
2017
 
2016
 
2015
Fluid Handling
 
 
 
 
 
 
Net sales
 
$
1,042.5

 
$
999.5

 
$
1,091.3

Operating profit
 
111.8

 
119.5

 
125.4

Assets
 
941.6

 
845.9

 
888.0

Goodwill
 
245.4

 
212.3

 
218.7

Capital expenditures
 
14.7

 
10.3

 
10.0

Depreciation and amortization
 
16.2

 
10.8

 
12.6

Payment & Merchandising Technologies
 
 
 
 
 
 
Net sales
 
$
776.7

 
$
745.8

 
$
703.0

Operating profit
 
148.5

 
135.5

 
101.4

Assets
 
1,215.7

 
1,188.9

 
1,178.0

Goodwill
 
587.7

 
563.3

 
575.2

Capital expenditures
 
14.2

 
8.7

 
9.8

Depreciation and amortization
 
34.2

 
33.9

 
34.5

Aerospace & Electronics
 
 
 
 
 
 
Net sales
 
$
691.4

 
$
745.7

 
$
691.3

Operating profit 
 
160.2

 
149.8

 
145.1

Assets
 
573.0

 
555.5

 
559.4

Goodwill
 
202.4

 
202.3

 
202.6

Capital expenditures
 
16.7

 
28.7

 
16.2

Depreciation and amortization
 
14.0

 
11.7

 
11.3

Engineered Materials
 
 
 
 
 
 
Net sales
 
$
275.4

 
$
257.0

 
$
254.8

Operating profit  
 
49.5

 
49.0

 
48.4

Assets
 
220.8

 
224.7

 
227.6

Goodwill
 
171.4

 
171.3

 
171.4

Capital expenditures
 
3.1

 
3.5

 
3.3

Depreciation and amortization
 
6.7

 
6.1

 
6.2




Information by reportable segment (continued):
(in millions) December 31,
 
2017
 
2016
 
2015
TOTAL NET SALES
 
$
2,786.0

 
$
2,748.0

 
$
2,740.5

Operating profit (loss)
 
 
 
 
 
 
Reporting segments a
 
$
470.0

 
$
453.8

 
$
420.3

Corporate expense — before asbestos b
 
(68.1
)
 
(61.2
)
 
(47.5
)
Corporate expense — asbestos
 
—

 
(192.4
)
 
—

TOTAL OPERATING PROFIT
 
$
401.9

 
$
200.3

 
$
372.9

Interest income
 
2.5

 
1.9

 
1.9

Interest expense
 
(36.1
)
 
(36.5
)
 
(37.6
)
Miscellaneous — net
 
(0.8
)
 
(1.6
)
 
(0.7
)
INCOME BEFORE INCOME TAXES
 
$
367.5

 
$
164.1

 
$
336.5

Assets
 
 
 
 
 
 
Reporting segments
 
$
2,951.1

 
$
2,815.0

 
$
2,853.0

Corporate
 
642.4

 
613.0

 
483.9

TOTAL ASSETS
 
$
3,593.5

 
$
3,428.0

 
$
3,336.9

Goodwill
 
 
 
 
 
 
Reporting segments
 
$
1,206.9

 
$
1,149.2

 
$
1,167.9

Capital expenditures
 
 
 
 
 
 
Reporting segments
 
$
48.7

 
$
51.2

 
$
39.3

Corporate
 
0.3

 
0.3

 
0.3

TOTAL CAPITAL EXPENDITURES
 
$
49.0

 
$
51.5

 
$
39.6

Depreciation and amortization
 
 
 
 
 
 
Reporting segments
 
$
71.1

 
$
62.5

 
$
64.6

Corporate
 
1.6

 
4.9

 
2.4

TOTAL DEPRECIATION AND AMORTIZATION
 
$
72.7

 
$
67.4

 
$
67.0


a Includes transaction related charges of $3.6 in 2017.
b Includes transaction related charges of $4.2 and a restructuring charge, net of gain on property sale of $13.0 in 2017 and charges of $5.0 for legal settlements in 2016.
Revenue from External Customers by Geographic Areas [Table Text Block]
Information by geographic region:
(in millions) December 31,
 
2017
 
2016
 
2015
Net sales*
 
 
 
 
 
 
United States
 
$
1,767.3

 
$
1,769.7

 
$
1,698.6

Canada
 
169.0

 
163.2

 
212.7

United Kingdom
 
388.2

 
357.6

 
350.9

Continental Europe
 
268.6

 
279.6

 
282.2

Other international
 
192.9

 
177.9

 
196.1

TOTAL NET SALES
 
$
2,786.0

 
$
2,748.0

 
$
2,740.5

Assets*
 
 
 
 
 
 
United States
 
$
1,645.3

 
$
1,609.4

 
$
1,648.3

Canada
 
170.0

 
159.8

 
160.8

Europe
 
702.9

 
588.0

 
599.2

Other international
 
432.9

 
457.8

 
444.7

Corporate
 
642.4

 
613.0

 
483.9

TOTAL ASSETS
 
$
3,593.5

 
$
3,428.0

 
$
3,336.9

Tangible Assets*
 
 
 
 
 
 
United States
 
$
645.8

 
$
621.3

 
$
642.0

Canada
 
115.8

 
109.0

 
111.5

Europe
 
436.6

 
357.9

 
335.7

Other international
 
269.2

 
292.4

 
278.8

Corporate
 
642.4

 
613.0

 
488.6

TOTAL TANGIBLE ASSETS
 
$
2,109.8

 
$
1,993.6

 
$
1,856.6


* Net sales and assets by geographic region are based on the location of the business unit.
Revenue from External Customers by Products and Services [Table Text Block]
The table below presents net sales by product line for each segment:
(in millions) December 31,
 
2017
 
2016
 
2015
Fluid Handling
 
 
 
 
 
Process Valves and Related Products
 
$
640.1

 
$
619.2

 
$
681.2

Commercial Valves
 
310.1

 
290.9

 
316.5

Other Products
 
92.3

 
89.4

 
93.7

Total Fluid Handling
$
1,042.5

 
$
999.5

 
$
1,091.3

 
 
 
 
 
 
 
Payment & Merchandising Technologies
 
 
 
 
 
Payment Acceptance and Dispensing Products
 
$
575.9

 
$
511.8

 
$
496.1

Merchandising Equipment
 
200.8

 
234.0

 
207.0

Total Payment & Merchandising Technologies
$
776.7

 
$
745.8

 
$
703.0

 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
Commercial Original Equipment
 
$
346.1

 
$
354.9

 
$
349.3

Military Original Equipment
 
159.0

 
200.3

 
152.6

Commercial Aftermarket Products
 
134.0

 
132.8

 
132.1

Military Aftermarket Products
 
52.3

 
57.7

 
57.1

Total Aerospace & Electronics
$
691.4

 
$
745.7

 
$
691.3

 
 
 
 
 
 
 
Engineered Materials
 
 
 
 
 
FRP - Recreational Vehicles
 
$
150.5

 
$
131.2

 
$
133.9

FRP - Building Products
 
95.2

 
89.6

 
83.1

FRP - Transportation
 
29.7

 
36.2

 
37.8

Total Engineered Materials
$
275.4

 
$
257.0

 
$
254.8

 
 
 
 
 
 
 
Total Net Sales
$
2,786.0

 
$
2,748.0

 
$
2,740.5