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Segment Information Segment Information (Tables)
 12 Months Ended
Dec. 31, 2015
Net Sales By Product Line [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Financial information by reportable segment is set forth below:
(in millions)
 
2015

 
2014

 
2013

Fluid Handling
 
 
 
 
 
 
Net sales
 
$
1,091.3

 
$
1,263.7

 
$
1,288.6

Operating profit
 
125.4

 
181.6

 
194.9

Assets
 
888.0

 
963.2

 
996.1

Goodwill
 
218.7

 
227.3

 
239.2

Capital expenditures
 
10.0

 
14.0

 
16.3

Depreciation and amortization
 
12.6

 
14.5

 
15.7

Payment & Merchandising Technologies
 
 
 
 
 
 
Net sales
 
$
703.0

 
$
712.0

 
$
380.6

Operating profit
 
101.4

 
69.1

 
34.8

Assets
 
1,178.0

 
1,210.1

 
1,383.0

Goodwill
 
575.2

 
589.9

 
635.8

Capital expenditures
 
9.8

 
11.4

 
4.7

Depreciation and amortization
 
34.5

 
41.6

 
17.5

Aerospace & Electronics
 
 
 
 
 
 
Net sales
 
$
691.3

 
$
696.0

 
$
693.8

Operating profit 
 
145.1

 
138.2

 
160.0

Assets
 
559.4

 
512.1

 
511.7

Goodwill
 
202.6

 
202.7

 
202.8

Capital expenditures
 
16.2

 
14.9

 
6.5

Depreciation and amortization
 
11.3

 
11.8

 
13.3

Engineered Materials
 
 
 
 
 
 
Net sales
 
$
254.8

 
$
253.3

 
$
232.3

Operating profit  
 
48.4

 
36.8

 
34.3

Assets
 
227.6

 
229.1

 
233.2

Goodwill
 
171.4

 
171.5

 
171.6

Capital expenditures
 
3.3

 
2.8

 
1.8

Depreciation and amortization
 
6.2

 
6.0

 
6.0




Information by reportable segment (continued):
(in millions)
 
2015

 
2014

 
2013

TOTAL NET SALES
 
$
2,740.5

 
$
2,925.0

 
$
2,595.3

Operating profit (loss)
 
 
 
 
 
 
Reporting segments
 
$
420.3

 
$
425.7

 
$
424.0

Corporate — before asbestos and environmental charges a
 
(47.5
)
 
(53.6
)
 
(76.1
)
Corporate expense — environmental charges b
 
—

 
(55.8
)
 
—

TOTAL OPERATING PROFIT
 
$
372.9

 
$
316.3

 
$
347.9

Interest income
 
1.9

 
1.7

 
1.9

Interest expense
 
(37.6
)
 
(39.2
)
 
(26.5
)
Miscellaneous — net c
 
(0.7
)
 
2.4

 
2.7

INCOME BEFORE INCOME TAXES
 
$
336.5

 
$
281.2

 
$
326.0

Assets
 
 
 
 
 
 
Reporting segments
 
$
2,853.0

 
$
2,914.5

 
$
3,124.0

Corporate
 
488.6

 
536.3

 
435.6

TOTAL ASSETS
 
$
3,341.6

 
$
3,450.8

 
$
3,559.6

Goodwill
 
 
 
 
 
 
Reporting segments
 
$
1,167.9

 
$
1,191.3

 
$
1,249.3

Capital expenditures
 
 
 
 
 
 
Reporting segments
 
$
39.3

 
$
43.1

 
$
29.3

Corporate
 
0.3

 
0.6

 
0.2

TOTAL CAPITAL EXPENDITURES
 
$
39.6

 
$
43.7

 
$
29.5

Depreciation and amortization
 
 
 
 
 
 
Reporting segments
 
$
64.6

 
$
73.8

 
$
52.5

Corporate
 
2.4

 
2.0

 
2.3

TOTAL DEPRECIATION AND AMORTIZATION
 
$
67.0

 
$
75.8

 
$
54.8


a Includes $6.5 million for a settlement lawsuit recorded in 2014.
b Includes a $49.0 million charge related to an increase in the Company's liability expected at the Goodyear Site and a $6.8 million charge for expected remediation costs associated with a previously disclosed environmental site in Roseland, New Jersey in 2014.
c Includes $1.6 million loss on sale of a small business divested in 2014 and a $1.0 million gain on a real estate divestiture in 2014.
Revenue from External Customers by Geographic Areas [Table Text Block]
Information by geographic region:
(in millions) December 31,
 
2015

 
2014

 
2013

Net sales*
 
 
 
 
 
 
United States
 
$
1,698.6

 
$
1,719.4

 
$
1,523.0

Canada
 
212.7

 
256.4

 
292.7

United Kingdom
 
350.9

 
372.1

 
290.6

Continental Europe
 
282.2

 
365.1

 
343.8

Other international
 
196.1

 
212.0

 
145.2

TOTAL NET SALES
 
$
2,740.5

 
$
2,925.0

 
$
2,595.3

Assets*
 
 
 
 
 
 
United States
 
$
1,648.3

 
$
1,612.9

 
$
1,692.8

Canada
 
160.8

 
197.6

 
206.1

Europe
 
599.2

 
662.2

 
756.0

Other international
 
444.7

 
441.8

 
469.1

Corporate
 
488.6

 
536.3

 
435.6

TOTAL ASSETS
 
$
3,341.6

 
$
3,450.8

 
$
3,559.6

Tangible Assets*
 
 
 
 
 
 
United States
 
$
642.0

 
$
596.8

 
$
657.3

Canada
 
111.5

 
138.8

 
140.9

Europe
 
335.7

 
363.9

 
418.5

Other international
 
278.8

 
270.2

 
249.1

Corporate
 
488.6

 
536.3

 
435.6

TOTAL TANGIBLE ASSETS
 
$
1,856.6

 
$
1,906.0

 
$
1,901.4


* Net sales and assets by geographic region are based on the location of the business unit.
Revenue from External Customers by Products and Services [Table Text Block]
The table below presents net sales by product line for each segment:
(in millions) December 31,
 
2015

 
2014

 
2013

Fluid Handling
 
 
 
 
 
Process Valves and Related Products
 
$
681.2

 
$
805.1

 
$
821.0

Commercial Valves
 
316.5

 
362.5

 
365.2

Other Products
 
93.7

 
96.3

 
102.5

Total Fluid Handling
$
1,091.3

 
$
1,263.7

 
$
1,288.6

 
 
 
 
 
 
 
Payment & Merchandising Technologies
 
 
 
 
 
Payment Acceptance and Dispensing Products
 
$
496.1

 
$
512.5

 
$
200.9

Merchandising Equipment
 
207.0

 
199.4

 
179.6

Total Payment & Merchandising Technologies
$
703.0

 
$
712.0

 
$
380.6

 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
Commercial Original Equipment
 
$
349.3

 
$
350.7

 
$
340.5

Military and Other Original Equipment
 
152.6

 
159.1

 
166.5

Commercial Aftermarket Products
 
132.1

 
133.9

 
133.1

Military Aftermarket Products
 
57.1

 
52.3

 
53.7

Total Aerospace & Electronics
$
691.3

 
$
696.0

 
$
693.8

 
 
 
 
 
 
 
Engineered Materials
 
 
 
 
 
FRP - Recreational Vehicles
 
$
133.9

 
$
133.6

 
$
113.6

FRP - Building Products
 
83.1

 
81.7

 
84.0

FRP - Transportation
 
37.8

 
38.1

 
34.7

Total Engineered Materials
$
254.8

 
$
253.3

 
$
232.3

 
 
 
 
 
 
 
Total Net Sales
$
2,740.5

 
$
2,925.0

 
$
2,595.3