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Restructuring (Tables)
 6 Months Ended
Jun. 30, 2019
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs [Table Text Block] The following table summarizes the restructuring charges by business segment in 2019 and cumulatively
through June 30, 2019:
 
Severance
 
Other
 
Total
(in millions)
2019
 
Cumulative
 
2019
 
Cumulative
 
2019
 
Cumulative
Fluid Handling
$
0.8

 
$
17.5

 
$
—

 
$
—

 
$
0.8

 
$
17.5

Payment & Merchandising Technologies
0.2

 
12.5

 
0.8

 
1.2

 
1.0

 
13.7

Aerospace & Electronics
—

 
1.3

 
(0.1
)
 
(1.1
)
 
(0.1
)
 
0.2

 
$
1.0

 
$
31.3

 
$
0.7

 
$
0.1

 
$
1.7

 
$
31.4
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
To complete these actions, we expect to incur a total of $5.5 million of restructuring and facility consolidation related charges in 2019 and 2020 in each of the segments as follows:
(in millions)
2019
 
2020
 
Total
Fluid Handling
$
1.0

 
$
1.6

 
$
2.6

Payment & Merchandising Technologies
0.5

 
—

 
0.5

Aerospace & Electronics
2.4

 
—

 
2.4

 
$
3.9

 
$
1.6

 
$
5.5

The following table summarizes the expected costs by nature of costs and year:
(in millions)
2019
 
2020
 
Total
Restructuring
$
1.0

 
$
—

 
$
1.0

Facility consolidation
2.9

 
1.6

 
4.5

 
$
3.9

 
$
1.6

 
$
5.5

We expect recurring pre-tax savings subsequent to initiating all actions to approximate $30 million annually.
The following table summarizes the accrual balances related to these restructuring charges: 
(in millions)
Balance at December 31, 2018
 
Expense
(Gain) (1)
 
Utilization
 
Balance at
June 30, 2019
Fluid Handling
 
 
 
 
 
 
 
Severance
$
12.9

 
$
0.8

 
$
(2.2
)
 
$
11.5

Other
—

 
—

 
—

 
—

Total Fluid Handling
$
12.9

 
$
0.8

 
$
(2.2
)
 
$
11.5

 
 
 
 
 
 
 
 
Payment & Merchandising Technologies
 
 
 
 
 
 
 
Severance
$
9.4

 
$
0.2

 
$
(7.4
)
 
$
2.2

Other
—

 
0.8

 
(0.8
)
 
—

Total Payment & Merchandising Technologies
$
9.4

 
$
1.0

 
$
(8.2
)
 
$
2.2

 
 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
 
 
Severance
$
0.9

 
$
—

 
$
—

 
$
0.9

Other
—

 
(0.1
)
 
0.3

 
0.2

Total Aerospace & Electronics
$
0.9

 
$
(0.1
)
 
$
0.3

 
$
1.1

Total Restructuring
$
23.2

 
$
1.7

 
$
(10.1
)
 
$
14.8

(1) Reflected in our Condensed Consolidated Statements of Operations as “Restructuring charges”