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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment wise financial performance
The primary measurement used by management to measure the financial performance of each segment is EBIT (earnings before interest and taxes).
 
Three Months Ended
September 30,
Nine Months Ended
September 30,
 
2014
2013
2014
2013
Net sales to external customers:
 
 
 
 
Mobile Industries
$
357.1

$
348.0

$
1,072.3

$
1,137.5

Process Industries
355.6

307.2

1,001.9

907.7

Aerospace
75.3

76.2

239.8

240.7

 
$
788.0

$
731.4

$
2,314.0

$
2,285.9

 
 
 
 
 
Segment EBIT:
 
 
 
 
Mobile Industries
$
47.0

$
27.8

$
144.5

$
132.1

Process Industries
77.4

51.1

196.0

149.6

Aerospace
(113.2
)
4.6

(104.9
)
21.0

Total EBIT, for reportable segments
$
11.2

$
83.5

$
235.6

$
302.7

Unallocated corporate expenses
(15.5
)
(24.2
)
(57.2
)
(66.9
)
Interest expense
(9.1
)
(5.0
)
(20.4
)
(17.5
)
Interest income
1.0

0.4

3.1

1.4

Income (loss) from continuing operations before income taxes
$
(12.4
)
$
54.7

$
161.1

$
219.7