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Segment Results
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Results Segment Results
Our segments are reported on the same basis used internally for evaluating performance and for allocating resources. We have four reportable segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics and Engineered Materials. Assets of the reportable segments exclude general corporate assets, which principally consist of cash, deferred tax assets, insurance receivables, certain property, plant and equipment, and certain other assets. Corporate consists of corporate office expenses including compensation and benefits for corporate employees, occupancy, depreciation, and other administrative costs.
A brief description of each of our segments are as follows:
Fluid Handling
The Fluid Handling segment is a provider of highly engineered fluid handling equipment for critical performance applications that require high reliability. The segment is comprised of Process Valves and Related Products, Commercial Valves, and Other Products. Process Valves and Related Products include on/off valves and related products for critical and demanding applications in the chemical, oil & gas, power, and general industrial end markets globally. Commercial Valves includes the manufacturing and distribution of valves and related products for the non-residential construction, general industrial, and to a lesser extent, municipal markets. Other Products include pumps and related products primarily for water and wastewater applications in the industrial, municipal, commercial and military markets.
Payment & Merchandising Technologies
The Payment & Merchandising Technologies segment consists of Crane Payment Innovations ("CPI"), Crane Merchandising Systems ("CMS") and Crane Currency. CPI provides high technology payment acceptance and dispensing products to original equipment manufacturers, including coin accepters and dispensers, coin hoppers, coin recyclers, bill validators and bill recyclers. CMS provides merchandising equipment, including include food, snack and beverage vending machines and vending machine software and online solutions. Crane Currency is a supplier of banknotes and highly engineered banknote security features.
Aerospace & Electronics
The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace and military aerospace and defense markets. 
Engineered Materials
The Engineered Materials segment manufactures fiberglass-reinforced plastic ("FRP") panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation), with additional applications in commercial and industrial buildings (Building Products).

For the three and nine months ended September 30, 2019, operating profit includes acquisition-related and integration charges and restructuring charges. For the three and nine months ended September 30, 2018, operating profit includes acquisition-related and integration charges, acquisition-related inventory and backlog amortization and restructuring charges. See Note 4, “Acquisitions” for discussion of the acquisition-related costs. See Note 15, “Restructuring” for discussion of the restructuring charges.
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(in millions)
2019
 
2018
 
2019
 
2018
Net sales
 
 
 
 
 
 
 
Fluid Handling
$
276.1

 
$
278.7

 
$
840.4

 
$
822.1

Payment & Merchandising Technologies
248.9

 
327.4

 
843.7

 
944.2

Aerospace & Electronics
197.2

 
189.5

 
596.3

 
547.0

Engineered Materials
50.1

 
60.2

 
165.2

 
192.5

Total
$
772.3

 
$
855.8

 
$
2,445.6

 
$
2,505.8

Operating profit (loss)
 
 
 
 
 
 
 
Fluid Handling
$
35.4

 
$
30.4

 
$
106.8

 
$
88.0

Payment & Merchandising Technologies
35.1

 
57.3

 
124.8

 
139.8

Aerospace & Electronics
47.2

 
42.5

 
141.4

 
120.0

Engineered Materials
5.9

 
8.7

 
22.8

 
32.4

Corporate
(14.3
)
 
(15.0
)
 
(50.0
)
 
(49.0
)
Total
109.3

 
123.9

 
345.8

 
331.2

Interest income
0.6

 
0.5

 
1.9

 
1.7

Interest expense
(11.7
)
 
(12.3
)
 
(35.0
)
 
(39.8
)
Miscellaneous (expense) income, net
(4.5
)
 
5.7

 
3.9

 
13.9

Income before income taxes
$
93.7

 
$
117.8

 
$
316.6

 
$
307.0


(in millions)
September 30, 2019
 
December 31,
2018
Assets
 
 
 
Fluid Handling
$
925.7

 
$
878.2

Payment & Merchandising Technologies
2,059.6

 
2,074.4

Aerospace & Electronics
634.5

 
603.9

Engineered Materials
226.3

 
222.1

Corporate
312.4

 
264.1

Total
$
4,158.5

 
$
4,042.7


 
(in millions)
September 30,
2019
 
December 31,
 2018
Goodwill
 
 
 
Fluid Handling
$
237.1

 
$
240.8

Payment & Merchandising Technologies
794.8

 
789.2

Aerospace & Electronics
202.3

 
202.4

Engineered Materials
171.3

 
171.3

Total
$
1,405.5

 
$
1,403.7