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Nature of Operations and Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Computation Of Basic And Diluted Earnings Per Share
(in millions, except per share data) For the year ended December 31,202020192018
Net income attributable to common shareholders$181.0 $133.3 $335.6 
Weighted average basic shares outstanding58.3 59.8 59.6 
Effect of dilutive shared-based awards0.5 0.8 1.4 
Weighted average diluted shares outstanding58.8 60.6 61.0 
Basic earnings per share$3.10 $2.23 $5.63 
Diluted earnings per share$3.08 $2.20 $5.50 
Summary Of Inventories Inventories consist of the following:
(in millions) December 31,20202019
Finished goods$130.5 $130.6 
Finished parts and subassemblies54.5 66.1 
Work in process45.2 47.7 
Raw materials208.0 212.9 
Total inventories, net$438.2 $457.3 
Summary Of Property, Plant And Equipment, Net Property, plant and equipment, net consists of the following: 
(in millions) December 31,20202019
Land$88.5 $84.4 
Buildings and improvements289.6 282.6 
Machinery and equipment917.7 889.9 
Gross property, plant and equipment1,295.8 1,256.9 
Less: accumulated depreciation695.4 640.6 
Property, plant and equipment, net$600.4 $616.3 
Schedule Of Changes To Goodwill
Changes to goodwill are as follows:
(in millions) Fluid HandlingPayment & Merchandising TechnologiesAerospace & ElectronicsEngineered MaterialsTotal
Balance as of December 31, 2018$240.8 $789.2 $202.4 $171.3 $1,403.7 
Additions— 63.4 — — 63.4 
Currency translation0.1 5.2 — — 5.3 
Balance as of December 31, 2019$240.9 $857.8 $202.4 $171.3 $1,472.4 
Additions106.1 — — — 106.1 
Adjustments to purchase price allocations— 5.6 — — 5.6 
Currency translation13.0 11.8 0.1 — 24.9 
Balance as of December 31, 2020$360.0 $875.2 $202.5 $171.3 $1,609.0 
Schedule Of Changes To Intangible Assets
Changes to intangible assets are as follows:
(in millions) December 31,202020192018
Balance at beginning of period, net of accumulated amortization$505.1 $481.8 $276.8 
Additions52.5 66.0 252.8 
Amortization expense(48.4)(40.0)(44.5)
Currency translation and other11.1 (2.7)(3.3)
Balance at end of period, net of accumulated amortization$520.3 $505.1 $481.8 
Summary Of Intangible Assets A summary of intangible assets follows:
(in millions)Weighted Average
Amortization Period of Finite Lived Assets (in years)		December 31, 2020December 31, 2019
Gross
Asset		Accumulated
Amortization		NetGross
Asset		Accumulated
Amortization		Net
Intellectual property rights15.7$138.2 $58.4 $79.8 $134.2 $56.8 $77.4 
Customer relationships and backlog18.0663.6 280.6 383.0 603.1 241.3 361.8 
Drawings40.011.1 10.5 0.6 11.1 10.5 0.6 
Other11.8144.9 88.0 56.9 141.6 76.3 65.3 
Total17.6$957.8 $437.5 $520.3 $890.0 $384.9 $505.1 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination A summary of intangible assets follows:
(in millions)Weighted Average
Amortization Period of Finite Lived Assets (in years)		December 31, 2020December 31, 2019
Gross
Asset		Accumulated
Amortization		NetGross
Asset		Accumulated
Amortization		Net
Intellectual property rights15.7$138.2 $58.4 $79.8 $134.2 $56.8 $77.4 
Customer relationships and backlog18.0663.6 280.6 383.0 603.1 241.3 361.8 
Drawings40.011.1 10.5 0.6 11.1 10.5 0.6 
Other11.8144.9 88.0 56.9 141.6 76.3 65.3 
Total17.6$957.8 $437.5 $520.3 $890.0 $384.9 $505.1 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Future amortization expense associated with intangibles is expected to be:
Year(in millions)
2021$44.4 
2022$43.9 
2023$43.8 
2024$42.9 
2025 and after$274.4 
Classification Of Accumulated Other Comprehensive Income (Loss) Reflected On Consolidated Balance Sheets
Accumulated Other Comprehensive Loss
The tables below provide the accumulated balances for each classification of accumulated other comprehensive loss, as reflected on the Consolidated Balance Sheets.
(in millions)Defined Benefit Pension and Other Postretirement Items Currency Translation Adjustment
 Total (c)
Balance as of December 31, 2017$(270.4)
(a)
$(109.7)
(a)
$(380.1)
Other comprehensive (loss) income before reclassifications(36.2)
(b)
(41.3)(77.5)
Amounts reclassified from accumulated other comprehensive loss10.0 
(b)
— 10.0 
Net period other comprehensive (loss) income(26.2)(41.3)(67.5)
Balance as of December 31, 2018(296.6)
(a)
(151.0)
(a)
(447.6)
Other comprehensive (loss) income before reclassifications(58.4)
(b)
11.6 (46.8)
Amounts reclassified from accumulated other comprehensive loss10.7 
(b)
— 10.7 
Net period other comprehensive (loss) income(47.7)11.6 (36.1)
Balance as of December 31, 2019(344.3)
(a)
(139.4)
(a)
(483.7)
Other comprehensive (loss) income before reclassifications(67.4)70.9 3.5 
Amounts reclassified from accumulated other comprehensive loss13.8 — 13.8 
Net period other comprehensive (loss) income(53.6)70.9 17.3 
Balance as of December 31, 2020$(397.9)$(68.5)$(466.4)
(a)
Balance has been revised to correct a $21.7 million misclassification between previously reported amounts, which resulted in a decrease in previously reported Defined Benefit Pension and Other Postretirement Items as of December 31, 2017, 2018 and 2019 from $(292.1) million, $(318.3) million and $(366.0) million, respectively, to $(270.4) million,$(296.6) million and $(344.3) million, respectively, and an increase in previously reported Currency Translation Adjustment as of December 31, 2017, 2018 and 2019 from $(88.0) million, $(129.3) million and $(117.7) million, respectively, to $(109.7) million, $(151.0) million and $(139.4) million, respectively. This correction had no effect on the Company’s previously reported consolidated financial statements as of and for the years ended December 31, 2019, 2018 and 2017.
(b)
Balance has been revised to correct a $9.6 million and $15.5 million misclassification between previously reported amounts, which resulted in a decrease in previously reported Other comprehensive (loss) income before reclassifications for the years ended December 31, 2018 and 2019 from $(45.8) million and $(73.9) million, respectively to $(36.2) million and $(58.4) million, respectively, and a decrease in previously reported Amounts reclassified from accumulated other comprehensive loss for the years ended December 31, 2018 and 2019 from $19.6 million and $26.2 million, respectively, to $10.0 million and $10.7 million, respectively. This correction had no effect on the Company’s previously reported consolidated financial statements as of and for the years ended December 31, 2019 and 2018.
(c)
 Net of tax benefit of $148.2 million, $135.4 million and $122.2 million for 2020, 2019, and 2018, respectively.
The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive loss for the years ended December 31, 2020, 2019 and 2018. Amortization of pension and postretirement components have been recorded within “Miscellaneous income, net” on the Consolidated Statements of Operations.
(in millions) Amount Reclassified from Accumulated Other Comprehensive Loss
 December 31,202020192018
Amortization of pension items:
Prior service costs$(0.3)$(0.3)$(0.5)
Net loss19.1 15.3 14.2 
Amortization of postretirement items:
Prior service costs(1.1)(1.1)(1.0)
Net gain— (0.3)(0.2)
Total before tax$17.7 $13.6 $12.5 
Tax impact3.9 2.9 
(a)
2.5 
(a)
Total reclassifications for the period$13.8 $10.7 $10.0 
(a)
Balance has been revised to correct a misclassification between previously reported amounts of $15.5 million and $9.6 million for the years ended December 31, 2019 and 2018, respectively, which resulted in an increase in previously reported Tax impact from $(12.6) million and $(7.1) million, respectively, to $2.9 million and $2.5 million, respectively. This correction had no effect on the Company’s previously reported consolidated financial statements as of and for the years ended December 31, 2019 and 2018.