Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2019

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, 2017	$	245.4		$	587.7		$	202.4		$	171.4		$	1,206.9
Additions	—			208.4			—			—			208.4
Currency translation	(4.6		)	(6.9		)	—			(0.1		)	(11.6		)
Balance at December 31, 2018	$	240.8		$	789.2		$	202.4		$	171.3		$	1,403.7
Additions	—			8.7			—			—			8.7
Currency translation	(3.7		)	(3.1		)	(0.1		)	—			(6.9		)
Balance at September 30, 2019	$	237.1		$	794.8		$	202.3		$	171.3		$	1,405.5

Changes To Intangible Assets

 Changes to intangible assets are as follows:

(in millions)	Nine Months Ended September 30, 2019			Year Ended December 31, 2018
Balance at beginning of period, net of accumulated amortization	$	481.8		$	276.8
Additions	—			252.8
Amortization expense	(30.6		)	(44.5		)
Currency translation	(5.8		)	(3.3		)
Balance at end of period, net of accumulated amortization	$	445.4		$	481.8

Summary Of Intangible Assets

A summary of intangible assets follows:

	Weighted Average Amortization Period of Finite Lived Assets (in years)	September 30, 2019						December 31, 2018
(in millions)		Gross Asset		Accumulated Amortization		Net		Gross Asset		Accumulated Amortization		Net
Intellectual property rights	17.2	$	129.9	$	55.8	$	74.1	$	130.7	$	55.6	$	75.1
Customer relationships and backlog	18.7	545.7		231.3		314.4		546.8		210.7		336.1
Drawings	37.9	11.1		10.5		0.6		11.1		10.5		0.6
Other	10.3	129.3		73.0		56.3		135.0		65.0		70.0
Total	18.0	$	816.0	$	370.6	$	445.4	$	823.6	$	341.8	$	481.8

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

(in millions)
Remainder of 2019	$	9.7
2020	36.8
2021	34.5
2022	34.3
2023 and thereafter	260.7