Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, by Reportable Segment

The following table summarizes the changes in the Company’s goodwill, by reportable segment, for the years ended December 31, 2015, 2014 and 2013:

	Advanced Plastic Processing Technologies		Melt Delivery and Control Systems			Fluid Technologies		Corporate		Total
	(in millions)
Balance at December 31, 2012	$	8.1	$	1.3		$	46.8	$	—	$	56.2
Acquisitions	0.8		478.6			0.1		—		479.5
Foreign currency translation adjustments	—		2.5			—		—		2.5
Balance at December 31, 2013	8.9		482.4			46.9		—		538.2
Acquisitions	17.2		15.0			—		—		32.2
Foreign currency translation adjustments	—		(21.8		)	—		—		(21.8		)
Balance at December 31, 2014	26.1		475.6			46.9		—		548.6
Acquisitions	10.9		—			—		—		10.9
Foreign currency translation adjustments	—		(29.4		)	—		—		(29.4		)
Balance at December 31, 2015	$	37.0	$	446.2		$	46.9	$	—	$	530.1

Other Intangible Assets Acquired Through Business Combinations

The following table summarizes the other intangible assets acquired through business combinations completed during the year ended December 31, 2015:

	Amount		Weighted-Average Expected Useful Life
	(in millions)		(in years)
Intangible assets subject to amortization:
Trademarks	$	0.6	8.9
Technology	1.0		10.0
Customer relationships	7.8		20.0
Total	$	9.4	18.2

Intangible Assets, Subject to Amortization

The following table summarizes the Company’s other intangible assets at December 31, 2015:

	Gross Amount		Accumulated Amortization		Net Amount
	(in millions)
Intangible assets subject to amortization:
Trademarks	$	42.6	$	14.7	$	27.9
Technology	110.9		26.6		84.3
Customer relationships	227.9		98.9		129.0
Total intangible assets subject to amortization	381.4		140.2		241.2
Trademarks, not subject to amortization	138.9		—		138.9
Total	$	520.3	$	140.2	$	380.1

The following table summarizes the Company’s other intangible assets at December 31, 2014:

	Gross Amount		Accumulated Amortization		Net Amount
	(in millions)
Intangible assets subject to amortization:
Non-compete agreements	$	1.9	$	1.8	$	0.1
Trademarks	48.1		12.4		35.7
Technology	127.1		19.9		107.2
Customer relationships	231.2		79.7		151.5
Total intangible assets subject to amortization	408.3		113.8		294.5
Trademarks, not subject to amortization	148.3		—		148.3
Total	$	556.6	$	113.8	$	442.8

Intangible Assets, Not Subject to Amortization

The following table summarizes the Company’s other intangible assets at December 31, 2015:

	Gross Amount		Accumulated Amortization		Net Amount
	(in millions)
Intangible assets subject to amortization:
Trademarks	$	42.6	$	14.7	$	27.9
Technology	110.9		26.6		84.3
Customer relationships	227.9		98.9		129.0
Total intangible assets subject to amortization	381.4		140.2		241.2
Trademarks, not subject to amortization	138.9		—		138.9
Total	$	520.3	$	140.2	$	380.1

The following table summarizes the Company’s other intangible assets at December 31, 2014:

	Gross Amount		Accumulated Amortization		Net Amount
	(in millions)
Intangible assets subject to amortization:
Non-compete agreements	$	1.9	$	1.8	$	0.1
Trademarks	48.1		12.4		35.7
Technology	127.1		19.9		107.2
Customer relationships	231.2		79.7		151.5
Total intangible assets subject to amortization	408.3		113.8		294.5
Trademarks, not subject to amortization	148.3		—		148.3
Total	$	556.6	$	113.8	$	442.8