Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2018

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, 2016	$	212.3	$	563.3	$	202.3	$	171.3	$	1,149.2
Additions	22.6		8.9		—		—		31.5
Currency translation	10.5		15.5		0.1		0.1		26.2
Balance at December 31, 2017	$	245.4	$	587.7	$	202.4	$	171.4	$	1,206.9
Additions	—		231.0		—		—		231.0
Currency translation	2.6		8.9		0.1		—		11.6
Balance as of March 31, 2018	$	248.0	$	827.6	$	202.5	$	171.4	$	1,449.5

Changes To Intangible Assets

Changes to intangible assets are as follows:

(in millions)	Three Months Ended March 31, 2018			Year Ended December 31, 2017
Balance at beginning of period, net of accumulated amortization	$	276.8		$	282.2
Additions	250.8			18.2
Amortization expense	(11.7		)	(30.9		)
Currency translation and other	5.1			7.3
Balance at end of period, net of accumulated amortization	$	521.0		$	276.8

Summary Of Intangible Assets

A summary of intangible assets follows:

	Weighted Average Amortization Period of Finite Lived Assets (in years)	March 31, 2018						December 31, 2017
(in millions)		Gross Asset		Accumulated Amortization		Net		Gross Asset		Accumulated Amortization		Net
Intellectual property rights	16.5	$	133.3	$	55.8	$	77.5	$	91.7	$	54.8	$	36.9
Customer relationships and backlog	18.4	557.5		193.4		364.1		414.7		183.4		231.3
Drawings	37.9	11.1		10.4		0.7		11.1		10.4		0.7
Other	10.2	136.2		57.5		78.7		61.8		53.9		7.9
Total	17.6	$	838.1	$	317.1	$	521.0	$	579.3	$	302.5	$	276.8

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Future amortization expense associated with intangible assets is expected to be:

(in millions)
Remainder of 2018	$	33.8
2019	41.9
2020	37.7
2021	34.9
2022 and after	301.7