Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2015

Changes To Goodwill

	As of
	March 31,		December 31,
(in millions)	2015		2014
Goodwill
Fluid Handling	$	218.7	$	227.3
Payment & Merchandising Technologies	581.3		589.9
Aerospace & Electronics	202.6		202.7
Engineered Materials	171.4		171.5
Total	$	1,174.0	$	1,191.3

Changes to goodwill are as follows:

(in millions)	Three Months Ended March 31, 2015			Year Ended December 31, 2014
Balance at beginning of period	$	1,191.3		$	1,249.3
Disposals	—			(0.8		)
Adjustments to purchase price allocations	—			(13.9		)
Currency translation and other	(17.3		)	(43.3		)
Balance at end of period	$	1,174.0		$	1,191.3

Changes To Intangible Assets

Changes to intangible assets are as follows:

(in millions)	Three Months Ended March 31, 2015			Year Ended December 31, 2014
Balance at beginning of period, net of accumulated amortization	$	353.5		$	408.9
Amortization expense	(8.0		)	(37.9		)
Currency translation and other	(4.1		)	(17.6		)
Balance at end of period, net of accumulated amortization	$	341.3		$	353.5

Summary Of Intangible Assets

A summary of intangible assets follows:

	Weighted Average Amortization Period of Finite Lived Assets (in years)
		March 31, 2015						December 31, 2014
(in millions)		Gross Asset		Accumulated Amortization		Net		Gross Asset		Accumulated Amortization		Net
Intellectual property rights	16.5	$	88.6	$	50.2	$	38.4	$	91.3	$	50.4	$	40.9
Customer relationships and backlog	15.5	397.8		115.9		281.9		402.6		112.5		290.1
Drawings	37.9	11.1		10.1		1.1		11.1		10.1		1.1
Other	12.9	62.2		42.2		20.0		63.2		41.8		21.4
Total	15.8	$	559.7	$	218.4	$	341.3	$	568.2	$	214.8	$	353.5