Segment Results (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting Information [Line Items]

Schedule Of Financial Information By Reportable Segment

	Three Months Ended
	March 31,
(in millions)	2018			2017
Net sales
Fluid Handling	$	266.6		$	239.6
Payment & Merchandising Technologies	292.4			195.5
Aerospace & Electronics	170.4			163.4
Engineered Materials	69.7			74.9
Total	$	799.1		$	673.4
Operating profit (loss)
Fluid Handling (a)	$	28.1		$	24.4
Payment & Merchandising Technologies (b)	36.5			38.4
Aerospace & Electronics (c)	34.2			31.7
Engineered Materials	12.4			14.0
Corporate(d)	(16.9		)	(15.2		)
Total	94.3			93.3
Interest income	0.8			0.5
Interest expense	(14.6		)	(9.0		)
Miscellaneous income(e)	3.9			3.1
Income before income taxes	$	84.4		$	87.9

(a) Includes 1) acquisition-related inventory and backlog amortization of $0.2 associated with the acquisition of Westlock in the three months ended March 31, 2018; 2) restructuring charges of $0.4 in the three months ended March 31, 2018; and 3) a change in presentation of pension and postretirement costs of $3.6 and $2.7 in the three months ended March 31, 2018 and 2017, respectively.

(b) Includes 1) acquisition-related inventory and backlog amortization of $6.4 and Acquisition-related and integration charges of $5.2, both of which are associated with the acquisition of Crane Currency in the three months ended March 31, 2018; 2) restructuring charges of $0.2 in the three months ended March 31, 2018; and 3) a change in presentation of pension and postretirement costs of $0.7 and $0.6 in the three months ended March 31, 2018 and 2017, respectively.

(c) Includes 1) restructuring charges of $0.2 in the three months ended March 31, 2018; and 2) a change in presentation of pension and postretirement costs of $0.2 and $0.3 in the three months ended March 31, 2018 and 2017, respectively.

(d) Includes a change in presentation of pension and postretirement costs of $0.7 and ($0.3) in the three months ended March 31, 2018 and 2017, respectively.

(e) Includes a change in presentation of pension and postretirement costs of $5.2 and $3.3 in the three months ended March 31, 2018 and 2017, respectively.

(in millions)	March 31, 2018		December 31, 2017
Assets
Fluid Handling	$	977.8	$	941.6
Payment & Merchandising Technologies	2,220.0		1,215.7
Aerospace & Electronics	586.3		573.0
Engineered Materials	228.2		220.8
Corporate	478.2		642.4
Total	$	4,490.5	$	3,593.5

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

	Three Months Ended
	March 31,
(in millions)	2018		2017
Fluid Handling
Process Valves and Related Products	$	165.0	$	148.6
Commercial Valves	80.5		69.5
Other Products	21.1		21.5
Total Fluid Handling	$	266.6	$	239.6
Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products	$	145.4	$	145.9
Banknotes and Security Products	99.8		—
Merchandising Equipment	47.2		49.6
Total Payment & Merchandising Technologies	$	292.4	$	195.5
Aerospace & Electronics
Commercial Original Equipment	$	84.7	$	82.5
Military and Other Original Equipment	42.1		38.0
Commercial Aftermarket Products	32.6		32.1
Military Aftermarket Products	11.0		10.8
Total Aerospace & Electronics	$	170.4	$	163.4
Engineered Materials
FRP - Recreational Vehicles	$	37.4	$	41.6
FRP - Building Products	23.8		24.5
FRP - Transportation	8.5		8.8
Total Engineered Materials	$	69.7	$	74.9
Total net sales	$	799.1	$	673.4

Schedule Of Assets By Segment

(in millions)	March 31, 2018		December 31, 2017
Assets
Fluid Handling	$	977.8	$	941.6
Payment & Merchandising Technologies	2,220.0		1,215.7
Aerospace & Electronics	586.3		573.0
Engineered Materials	228.2		220.8
Corporate	478.2		642.4
Total	$	4,490.5	$	3,593.5

Schedule Of Goodwill By Segment

(in millions)	March 31,  2018		December 31,  2017
Goodwill
Fluid Handling	$	248.0	$	245.4
Payment & Merchandising Technologies	827.6		587.7
Aerospace & Electronics	202.5		202.4
Engineered Materials	171.4		171.4
Total	$	1,449.5	$	1,206.9