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Fair Value Measurements (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Carrying value of goodwill $ 1,227.6 $ 1,154.7 $ 1,191.0 $ 1,227.6 $ 1,154.7 $ 1,191.0
Non-cash impairment charge on goodwill     343.3 0.0 0.0 343.3
Petroleum and Industrial Pumps [Member]            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Carrying value of goodwill     529.3     529.3
Write-down Estimated Implied Fair Value of Goodwill     186.0     186.0
Non-cash impairment charge on goodwill           343.3
Trademarks [Member]            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Carrying value of indefinite lived assets 623.5 609.5   623.5 609.5  
Non-cash impairment charge on indefinite lived intangible assets 1.5 24.4 71.1      
Senior Notes [Member]            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Carrying value of notes [1] 0.0 575.0   0.0 575.0  
Level 2 [Member] | Senior Notes [Member]            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Carrying value of notes   575.0     575.0  
Estimated fair value of notes   573.6     573.6  
Recurring [Member]            
Financial Assets [Abstract]            
Foreign currency forwards [2]   0.9     0.9  
Cross currency interest rate swaps [3]   26.8     26.8  
Trading securities held in deferred compensation plan [4] 5.8 4.2   5.8 4.2  
Total 5.8 31.9   5.8 31.9  
Financial Liabilities [Abstract]            
Foreign currency forwards [2] 1.2 0.2   1.2 0.2  
Interest rate swaps [5] 46.7 63.5   46.7 63.5  
Deferred compensation plan [4] 5.8 4.2   5.8 4.2  
Total 53.7 67.9   53.7 67.9  
Recurring [Member] | Level 1 [Member]            
Financial Assets [Abstract]            
Foreign currency forwards [2]   0.0     0.0  
Cross currency interest rate swaps [3]   0.0     0.0  
Trading securities held in deferred compensation plan [4] 5.8 4.2   5.8 4.2  
Total 5.8 4.2   5.8 4.2  
Financial Liabilities [Abstract]            
Foreign currency forwards [2] 0.0 0.0   0.0 0.0  
Interest rate swaps [5] 0.0 0.0   0.0 0.0  
Deferred compensation plan [4] 5.8 4.2   5.8 4.2  
Total 5.8 4.2   5.8 4.2  
Recurring [Member] | Level 2 [Member]            
Financial Assets [Abstract]            
Foreign currency forwards [2]   0.9     0.9  
Cross currency interest rate swaps [3]   26.8     26.8  
Trading securities held in deferred compensation plan [4] 0.0 0.0   0.0 0.0  
Total 0.0 27.7   0.0 27.7  
Financial Liabilities [Abstract]            
Foreign currency forwards [2] 1.2 0.2   1.2 0.2  
Interest rate swaps [5] 46.7 63.5   46.7 63.5  
Deferred compensation plan [4] 0.0 0.0   0.0 0.0  
Total 47.9 63.7   47.9 63.7  
Recurring [Member] | Level 3 [Member]            
Financial Assets [Abstract]            
Foreign currency forwards [2]   0.0     0.0  
Cross currency interest rate swaps [3]   0.0     0.0  
Trading securities held in deferred compensation plan [4] 0.0 0.0   0.0 0.0  
Total 0.0 0.0   0.0 0.0  
Financial Liabilities [Abstract]            
Foreign currency forwards [2] 0.0 0.0   0.0 0.0  
Interest rate swaps [5] 0.0 0.0   0.0 0.0  
Deferred compensation plan [4] 0.0 0.0   0.0 0.0  
Total 0.0 0.0   0.0 0.0  
Nonrecurring Basis [Member] | Level 3 [Member] | Petroleum and Industrial Pumps [Member]            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Write-down Estimated Implied Fair Value of Goodwill     186.0     186.0
Nonrecurring Basis [Member] | Level 3 [Member] | Trademarks [Member]            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Carrying value of indefinite lived assets 36.7 179.3 560.1 36.7 179.3 560.1
Write-down estimated fair value of indefinite lived assets $ 35.2 $ 154.9 $ 489.0 35.2 154.9 489.0
Non-cash impairment charge on indefinite lived intangible assets       $ 1.5 $ 24.4 $ 71.1
[1] This amount consists of the $575.0 million aggregate principal 6.875% senior notes due 2021 that were entered into in connection with the KKR transaction on July 30, 2013. Interest on the Senior Notes is payable on February 15 and August 15 of each year. The senior notes were redeemed in May 2017.
[2] Based on calculations that use readily observable market parameters as their basis, such as spot and forward rates.
[3] Based on observable foreign exchange market pricing parameters such as spot and forward rates and the present value of all expected future cash flows. The present value calculation incorporates foreign exchange market pricing, discount rates, and credit quality adjustments of the Company and its counterparties.
[4] Based on the quoted price of publicly traded mutual funds which are classified as trading securities and accounted for using the mark-to-market method.
[5] Measured as the present value of all expected future cash flows based on the LIBOR-based swap yield curves as of December 31, 2017. The present value calculation uses discount rates that have been adjusted to reflect the credit quality of the Company and its counterparties.