XML 55 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Nature of Operations and Significant Accounting Policies (Narrative) (Details)
shares in Millions, $ in Millions, $ in Millions
1 Months Ended 3 Months Ended 12 Months Ended
Aug. 12, 2022
USD ($)
Aug. 31, 2022
USD ($)
Sep. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
reportable_segment
Dec. 31, 2022
USD ($)
shares
Dec. 31, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
shares
Dec. 31, 2020
USD ($)
shares
Aug. 31, 2022
CAD ($)
May 31, 2022
CAD ($)
May 26, 2022
USD ($)
Apr. 08, 2022
CAD ($)
May 16, 2021
USD ($)
Dec. 31, 2019
USD ($)
Property, Plant and Equipment [Line Items]                                
Number of reporting segments           4   4                
Payments for Disposal of Asbestos-Related Assets and Liabilities         $ 550.0       $ 0.0 $ 0.0            
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal         (162.4)       0.0 0.0            
Gain on sale of business         232.5       $ 0.0 $ 0.0            
Revenue recognized related to government contracts in progress         120.0                      
Number of stock options excluded from computation of earnings per share (in shares) | shares             0.4   1.2 2.1            
Allowance for doubtful accounts receivable       $ 14.1 14.1 $ 14.1 $ 14.1 $ 14.1 $ 10.4              
Increase (decrease) in cost of sales by changes in level of LIFO inventories         $ 8.4       $ 3.6 $ 2.3            
Percentage of inventories cost, LIFO method       37.20% 37.20% 37.20% 37.20% 37.20% 30.10%              
Higher value of LIFO inventories if valued under FIFO       $ 38.8 $ 38.8 $ 38.8 $ 38.8 $ 38.8 $ 30.4              
Reserve for excess and obsolete inventory       $ 99.3 99.3 $ 99.3 $ 99.3 $ 99.3 98.6              
Depreciation expense         $ 76.1       75.1 77.2            
Number of reporting units | segment               6                
Estimated cost of capital, minimum       9.50% 9.50% 9.50% 9.50% 9.50%                
Estimated cost of capital, maximum       11.50% 11.50% 11.50% 11.50% 11.50%                
Estimated cost of capital, weighted       10.80% 10.80% 10.80% 10.80% 10.80%                
Disposal on sale of business         $ 22.3                      
Adjustments to purchase price allocations                 0.1              
Intangible assets, net       $ 416.6 416.6 $ 416.6 $ 416.6 $ 416.6 467.1 $ 520.3           $ 505.1
Intangibles with indefinite useful lives       $ 67.3 67.3 $ 67.3 $ 67.3 $ 67.3 70.6              
Process Flow Technologies                                
Property, Plant and Equipment [Line Items]                                
Disposal on sale of business         $ 22.3       22.3              
Adjustments to purchase price allocations                 $ 0.1              
Minimum | Building and Building Improvements [Member]                                
Property, Plant and Equipment [Line Items]                                
Property, Plant and Equipment, Useful Life       10 years                        
Minimum | Machinery and Equipment                                
Property, Plant and Equipment [Line Items]                                
Property, Plant and Equipment, Useful Life       3 years                        
Maximum | Building and Building Improvements [Member]                                
Property, Plant and Equipment [Line Items]                                
Property, Plant and Equipment, Useful Life       25 years                        
Maximum | Machinery and Equipment                                
Property, Plant and Equipment [Line Items]                                
Property, Plant and Equipment, Useful Life       10 years                        
Discontinued Operations, Disposed of by Sale | Asbestos-Related Assets and Liabilities                                
Property, Plant and Equipment [Line Items]                                
Payments for Disposal of Asbestos-Related Assets and Liabilities $ 550.0                              
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $ (162.4)   $ 162.4                          
Discontinued Operations, Disposed of by Sale | Crane Supply                                
Property, Plant and Equipment [Line Items]                                
Working capital adjustment                     $ 5          
Gain on sale of business   $ 232.5                            
Discontinued Operations, Held-for-sale | Crane Supply                                
Property, Plant and Equipment [Line Items]                                
Consideration from sale of discontinued operation                       $ 402   $ 380    
Discontinued Operations, Held-for-sale | Engineered Materials                                
Property, Plant and Equipment [Line Items]                                
Consideration from sale of discontinued operation                             $ 360.0  
Disposal Group, Including Discontinued Operation, Contract Termination Fees                         $ 7.5