Document

Nature Of Operations And Significant Accounting Policies

Accounting Policies [Abstract]

Nature of Operations and Significant Accounting Policies

Nature of Operations

See Note 12, “Segment Information” for the relative size of these segments in relation to the total company (both net sales and total assets).

Due to rounding, numbers presented throughout this report may not add up precisely to totals the Company provides, and percentages may not precisely reflect the absolute figures.

Significant Accounting Policies

In determining whether the earnings of its non-U.S. subsidiaries are permanently reinvested overseas, the Company considers the following:


•	Its history of utilizing non-U.S. cash to acquire non-U.S. businesses,


•	Its current and future needs for cash outside the U.S. (e.g., to fund capital expenditures, business operations, potential acquisitions, etc.),


•	Its ability to satisfy U.S.-based cash needs (e.g., domestic pension contributions, interest payment on external debt, dividends to shareholders, etc.) with cash generated by its U.S. businesses, and


•	The effect U.S. tax reform proposals calling for reduced corporate income tax rates and/or “repatriation” tax holidays would have on the amount of the tax liability.



(in millions, except per share data) For the year ended December 31,	2016		2015		2014

Net income attributable to common shareholders	$	122.8	$	228.9	$	192.7

Weighted average basic shares outstanding	58.5		58.1		58.7
Effect of dilutive stock options	0.8		0.7		0.9
Weighted average diluted shares outstanding	59.3		58.8		59.6

Earnings per basic share	$	2.10	$	3.94	$	3.28
Earnings per diluted share	$	2.07	$	3.89	$	3.23

Accounts Receivable Receivables are carried at net realizable value.

A summary of allowance for doubtful accounts activity follows:



(in millions) December 31,	2016			2015			2014
Balance at beginning of year	$	4.7		$	4.9		$	4.8
Provisions	6.1			3.0			3.7
Deductions	(3.5		)	(3.2		)	(3.6		)
Balance at end of year	$	7.3		$	4.7		$	4.9

Inventories Inventories consist of the following:



(in millions) December 31,	2016		2015
Finished goods	$	97.7	$	102.3
Finished parts and subassemblies	38.2		46.9
Work in process	56.0		60.7
Raw materials	150.6		167.0
Total inventories	$	342.5	$	376.9

Property, Plant and Equipment, net Property, plant and equipment, net consist of the following:



(in millions) December 31,	2016		2015
Land	$	66.6	$	68.8
Buildings and improvements	193.5		174.7
Machinery and equipment	566.8		566.0
Gross property, plant and equipment	826.9		809.5
Less: accumulated depreciation	548.0		533.5
Property, plant and equipment, net	$	278.9	$	276.0

Changes to goodwill are as follows:



(in millions)	Fluid Handling			Payment & Merchandising Technologies			Aerospace & Electronics			Engineered Materials			Total
Balance as of December 31, 2014	$	227.3		$	589.9		$	202.7		$	171.5		$	1,191.3
Currency translation	(8.6		)	(14.7		)	(0.1		)	(0.1		)	(23.4		)
Balance at December 31, 2015	$	218.7		$	575.2		$	202.6		$	171.4		$	1,167.9
Currency translation	(6.4		)	(11.9		)	(0.3		)	(0.1		)	(18.7		)
Balance as of December 31, 2016	$	212.3		$	563.3		$	202.3		$	171.3		$	1,149.2

Changes to intangible assets are as follows:



(in millions) December 31,	2016			2015			2014
Balance at beginning of period, net of accumulated amortization	$	317.1		$	353.5		$	408.9
Amortization expense	(30.7		)	(31.5		)	(37.9		)
Currency translation and other	(4.2		)	(4.9		)	(17.5		)
Balance at end of period, net of accumulated amortization	$	282.2		$	317.1		$	353.5

In addition to annual testing for impairment of indefinite-lived intangible assets, the Company reviews all of its definite-lived intangible assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Examples of events or changes in circumstances could include, but are not limited to, a prolonged economic downturn, current period operating or cash flow losses combined with a history of losses or a forecast of continuing losses associated with the use of an asset or asset group, or a current expectation that an asset or asset group will be sold or disposed of before the end of its previously estimated useful life. Recoverability is based upon projections of anticipated future undiscounted cash flows associated with the use and eventual disposal of the definite-lived intangible asset (or asset group), as well as specific appraisal in certain instances. Reviews occur at the lowest level for which identifiable cash flows are largely independent of cash flows associated with other long-lived assets or asset groups and include estimated future revenues, gross profit margins, operating profit margins and capital expenditures which are based on the businesses’ strategic plans and long-range planning forecasts, which change from year to year. The revenue growth rates included in the forecasts represent the Company's best estimates based on current and forecasted market conditions, and the profit margin assumptions are based on the current cost structure and anticipated net cost increases/reductions. There are inherent uncertainties related to these assumptions, including changes in market conditions, and management’s judgment in applying them to the analysis. If the future undiscounted cash flows are less than the carrying value, then the definite-lived intangible asset is considered impaired and a charge would be taken against net earnings based on the amount by which the carrying amount exceeds the estimated recoverable amount. Judgments that the Company makes which impact these assessments relate to the expected useful lives of definite-lived assets and its ability to realize any undiscounted cash flows in excess of the carrying amounts of such assets, and are affected primarily by changes in the expected use of the assets, changes in technology or development of alternative assets, changes in economic conditions, changes in operating performance and changes in expected future cash flows. Since judgment is involved in determining the recoverable amount of definite-lived intangible assets, there is risk that the carrying value of the Company's definite-lived intangible assets may require adjustment in future periods. Historical results to date have generally approximated expected cash flows for the identifiable cash flow generating level. The Company believes there have been no events or circumstances which would more likely than not reduce the fair value of its indefinite-lived or definite-lived intangible assets below their carrying value.

A summary of intangible assets follows:



(in millions)	Weighted Average Amortization Period of Finite Lived Assets (in years)	December 31, 2016						December 31, 2015
(in millions)		Gross Asset		Accumulated Amortization		Net		Gross Asset		Accumulated Amortization		Net
Intellectual property rights	16.4	$	86.4	$	52.1	$	34.3	$	88.3	$	51.4	$	36.9
Customer relationships and backlog	15.7	388.9		153.4		235.5		395.7		132.9		262.8
Drawings	37.9	11.1		10.3		0.8		11.1		10.1		1.1
Other	13.0	60.3		48.7		11.6		61.8		45.4		16.4
Total	16.0	$	546.7	$	264.5	$	282.2	$	556.9	$	239.8	$	317.1

Future amortization expense associated with intangibles is expected to be:



Year (in millions)
2017	$	28.7
2018	26.1
2019	23.4
2020	20.3
2021 and after	156.7

Accumulated Other Comprehensive Income (Loss)

The tables below provide the accumulated balances for each classification of accumulated other comprehensive loss, as reflected on the Consolidated Balance Sheets.



	(in millions)	Defined Benefit Pension and Other Postretirement Items*			Currency Translation Adjustment			Total

Balance as of December 31, 2015		$	(266.2	)	$	(110.6	)	$	(376.7	)
	Other comprehensive loss before reclassifications	(42.3		)	(64.2		)	(106.5		)
	Amounts reclassified from accumulated other comprehensive income (loss)	7.1			$	—		7.1
Net period other comprehensive income (loss)		(35.2		)	(64.2		)	(99.4		)
Balance as of December 31, 2016		$	(301.3	)	$	(174.8	)	$	(476.1	)



	(in millions)	Defined Benefit Pension and Other Postretirement Items*			Currency Translation Adjustment			Total

Balance as of December 31, 2014		$	(257.8	)	$	(41.0	)	$	(298.8	)
	Other comprehensive loss before reclassifications	(16.3		)	(69.6		)	(85.9		)
	Amounts reclassified from accumulated other comprehensive income (loss)	7.9			—			7.9
Net period other comprehensive loss		(8.4		)	(69.6		)	(78.0		)
Balance as of December 31, 2015		$	(266.2	)	$	(110.6	)	$	(376.7	)

* Net of tax benefit of $119.8, $109.8 and $114.4 for 2016, 2015, and 2014, respectively.

The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2016 and 2015.



Details of Accumulated Other Comprehensive Loss Components (in millions)	Amount Reclassified from Accumulated Other Comprehensive Loss						Affected Line Item in the Statements of Operations
December 31,	2016			2015
Amortization of defined benefit pension items:
Prior-service costs	$	(0.6	)	$	(0.4	)	($0.8) and ($0.5) have been recorded within Cost of Sales for the years ended December 31, 2016 and 2015, respectively, and $0.2 and $.01 have been recorded within Selling, General & Administrative for the years ended December 31, 2016 and 2015, respectively
Net loss	11.3			12.3			$15.3 and $16.7 have been recorded within Cost of Sales for the years ended December 31, 2016 and 2015, respectively and ($4.0) and ($4.4) have been recorded within Selling, General & Administrative for the years ended December 31, 2016 and 2015, respectively
Amortization of other postretirement items:
Prior-service costs	(0.2		)	(0.2		)	Recorded within Selling, General & Administrative
Net gain	(0.3		)	(0.4		)	Recorded within Selling, General & Administrative

	$	10.2		$	11.3		Total before tax
	3.1			3.4			Tax benefit
Total reclassifications for the period	$	7.1		$	7.9		Net of tax

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Income Taxes

Provision for Income Taxes

Income Tax Disclosure [Abstract]

Income Taxes

The Company’s income before taxes is as follows:



(in millions) For year ended December 31,	2016		2015		2014
U.S. operations	$	63.5	$	261.9	$	141.8
Non-U.S. operations	100.6		74.6		139.4
Total	$	164.1	$	336.5	$	281.2

The Company’s provision (benefit) for income taxes consists of:



(in millions) For year ended December 31,	2016			2015			2014
Current:
U.S. federal tax	$	38.7		$	43.0		$	14.0
U.S. state and local tax	5.1			5.4			2.6
Non-U.S. tax	21.6			18.4			33.1
Total current	65.4			66.8			49.7
Deferred:
U.S. federal tax	(28.0		)	36.5			30.1
U.S. state and local tax	1.5			(0.4		)	1.3
Non-U.S. tax	1.4			3.6			6.5
Total deferred	(25.1		)	39.7			37.9
Total provision for income taxes	$	40.3		$	106.5		$	87.6

A reconciliation of the statutory U.S. federal tax rate to the Company’s effective tax rate is as follows:



(in millions) For year ended December 31,	2016		2015		2014
Statutory U.S. federal tax rate	35.0	%	35.0	%	35.0	%
Increase (reduction) from:
Income taxed at non-U.S. rates	(7.4	)%	(2.0	)%	(4.0	)%
Non-U.S. income inclusion, net of tax credits	(1.0	)%	—	%	0.1	%
State and local taxes, net of federal benefit	3.1	%	1.3	%	1.3	%
U.S. research and development tax credit	(3.2	)%	(0.9	)%	(1.0	)%
U.S. domestic manufacturing deduction	(3.2	)%	(1.3	)%	(0.7	)%
Other	1.3	%	(0.4	)%	0.5	%
Effective tax rate	24.6	%	31.7	%	31.2	%

Deferred Taxes and Valuation Allowances

The components of deferred tax assets and liabilities included on the Company’s Consolidated Balance Sheets are as follows:



(in millions) December 31,	2016			2015
Deferred tax assets:
Asbestos-related liabilities	$	215.4		$	162.7
Tax loss and credit carryforwards	101.3			105.6
Pension and post-retirement benefits	74.3			69.1
Inventories	25.0			23.5
Accrued bonus and stock-based compensation	16.9			17.1
Environmental reserves	12.3			16.0
Other	36.7			55.3
Total	481.9			449.3
Less: valuation allowance	148.2			145.9
Total deferred tax assets, net of valuation allowance	333.7			303.4
Deferred tax liabilities:
Basis difference in intangible assets	(147.2		)	(142.2		)
Basis difference in fixed assets	(17.6		)	(21.5		)
Total deferred tax liabilities	(164.8		)	(163.7		)
Net deferred tax asset	$	168.9		$	139.7
Balance sheet classification:
Current deferred tax assets	$	29.6		$	27.5
Long-term deferred tax assets	181.8			162.4
Accrued liabilities	(0.1		)	(0.2		)
Long-term deferred tax liability	(42.4		)	(50.0		)
Net deferred tax asset	$	168.9		$	139.7

As of December 31, 2016, the Company had U.S. federal, U.S. state and non-U.S. tax loss and credit carryforwards that will expire, if unused, as follows:



(in millions) Year of expiration	U.S. Federal Tax Credits			U.S. Federal Tax Losses			U.S. State Tax Credits			U.S. State Tax Losses			Non- U.S. Tax Losses			Total
2017-2021	$	18.5		$	0.2		$	4.0		$	33.5		$	49.8
After 2021	1.5			1.0			2.0			824.5			9.2
Indefinite	—			—			20.0			—			89.9
Total tax carryforwards	$	20.0		$	1.2		$	26.0		$	858.0		$	148.9
Deferred tax asset on tax carryforwards	$	20.0		$	0.5		$	17.0		$	38.1		$	25.7		$	101.3
Valuation allowance on tax carryforwards	(20.0		)	(0.4		)	(16.3		)	(37.5		)	(22.3		)	(96.5		)
Net deferred tax asset on tax carryforwards	$	—		$	0.1		$	0.7		$	0.6		$	3.4		$	4.8

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of the Company’s gross unrecognized tax benefits, excluding interest and penalties, is as follows:



(in millions)	2016			2015			2014
Balance of liability as of January 1	$	45.2		$	40.7		$	31.4
Increase as a result of tax positions taken during a prior year	0.5			1.5			2.0
Decrease as a result of tax positions taken during a prior year	(7.3		)	(2.1		)	(1.2		)
Increase as a result of tax positions taken during the current year	10.3			9.2			11.2
Decrease as a result of settlements with taxing authorities	(1.2		)	—			(1.1		)
Reduction as a result of a lapse of the statute of limitations	(1.0		)	(4.1		)	(1.6		)
Balance of liability as of December 31	$	46.5		$	45.2		$	40.7

Income Tax Examinations

The Company's income tax returns are subject to examination by U.S. federal, U.S. state and local, and non-U.S. tax authorities.

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Accrued Liabilities

Accrued liabilities consist of:

Text Block [Abstract]

Accrued Liabilities



(in millions) December 31,	2016		2015
Employee related expenses	$	95.4	$	83.1
Warranty	15.5		15.1
Advanced payment from customers	19.0		29.1
Other	93.2		91.3
Total	$	223.1	$	218.6

A summary of the warranty liabilities is as follows:



(in millions) December 31,	2016			2015
Balance at beginning of period	$	15.1		$	15.5
Expense	14.5			12.1
Payments / deductions	(13.4		)	(12.7		)
Currency translation	(0.7		)	0.2
Balance at end of period	$	15.5		$	15.1

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Other Liabilities

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Other Liabilities [Abstract]

Other Liabilities



(in millions) December 31,	2016		2015
Environmental	$	34.0	$	48.9
Other	65.8		63.9
	$	99.8	$	112.8

Research And Development	12 Months Ended
Research And Development	Dec. 31, 2016
Research and Development [Abstract]
Research And Development	Research and Development Research and development costs are expensed when incurred. These costs were $61.5 million, $62.8 million and $68.0 million in 2016, 2015 and 2014, respectively.

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The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

+ References + Details

Pension And Postretirement Benefits

Compensation and Retirement Disclosure [Abstract]

Pension And Postretirement Benefits

Pension and Postretirement Benefits

A summary of the projected benefit obligations, fair value of plan assets and funded status is as follows:



(in millions) December 31,	2016			2015
Change in benefit obligation:
Benefit obligation at beginning of year	$	988.0		$	1,093.2
Service cost	4.7			5.2
Interest cost	31.8			37.9
Plan participants’ contributions	0.5			0.5
Amendments	0.4			(18.2		)
Actuarial loss (gain)	88.4			(60.3		)
Settlement	(1.7		)	(2.8		)
Benefits paid	(42.4		)	(41.4		)
Foreign currency exchange impact	(65.1		)	(25.5		)
Acquisition/divestitures/curtailment	—			(0.3		)
Adjustment for expenses/tax contained in service cost	(0.6		)	(0.3		)
Benefit obligation at end of year	$	1,004.0		$	988.0
Change in plan assets:
Fair value of plan assets at beginning of year	$	816.5		$	874.6
Actual return on plan assets	87.4			(2.0		)
Foreign currency exchange impact	(59.1		)	(28.5		)
Employer contributions	8.3			17.0
Administrative expenses paid	(1.0		)	(0.9		)
Plan participants’ contributions	0.5			0.5
Settlement	(1.7		)	(2.8		)
Benefits paid	(42.4		)	(41.4		)
Fair value of plan assets at end of year	$	808.5		$	816.5
Funded status	$	(195.5	)	$	(171.5	)

Amounts recognized in the Consolidated Balance Sheets consist of:



(in millions) December 31,	2016			2015
Other assets	$	46.0		$	56.3
Current liabilities	(1.2		)	(1.1		)
Accrued pension and postretirement benefits	(240.3		)	(226.7		)
Funded status	$	(195.5	)	$	(171.5	)

Amounts recognized in accumulated other comprehensive loss consist of:



(in millions) December 31,	2016			2015
Net actuarial loss	$	373.2		$	347.4
Prior service credit	(10.1		)	(11.6		)
Total recognized in accumulated other comprehensive income	$	363.1		$	335.8

The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the U.S. and Non-U.S. plans, are as follows:



	Pension Obligations/Assets
	U.S.				Non-U.S.				Total
(in millions) December 31,	2016		2015		2016		2015		2016		2015
Projected benefit obligation	$	545.8	$	548.5	$	458.2	$	439.5	$	1,004.0	$	988.0
Accumulated benefit obligation	545.8		548.4		450.9		432.5		996.7		980.9
Fair value of plan assets	379.8		380.2		428.7		436.3		808.5		816.5

Information for pension plans with an accumulated benefit obligation in excess of plan assets is as follows:



(in millions) December 31,	2016		2015
Projected benefit obligation	$	834.8	$	791.5
Accumulated benefit obligation	827.8		785.0
Fair value of plan assets	593.3		563.9

Components of net periodic benefit cost are as follows:



(in millions) December 31,	2016			2015			2014
Net Periodic Benefit Cost:
Service cost	$	4.7		$	5.2		$	4.9
Interest cost	31.8			37.9			40.9
Expected return on plan assets	(56.1		)	(62.0		)	(62.5		)
Amortization of prior service cost	(0.6		)	(0.4		)	0.1
Amortization of net loss	11.3			12.3			5.1
Recognized curtailment loss	—			(5.2		)	—
Settlement costs	—			0.8			—
Net periodic (benefit) cost	$	(8.9	)	$	(11.4	)	$	(11.5	)

The weighted average assumptions used to determine benefit obligations are as follows:



December 31,	2016		2015		2014
U.S. Plans:
Discount rate	4.29	%	4.41	%	4.10	%
Rate of compensation increase	N/A		N/A		N/A
Non-U.S. Plans:
Discount rate	2.29	%	3.30	%	3.01	%
Rate of compensation increase	2.85	%	2.81	%	2.40	%

The weighted-average assumptions used to determine net periodic benefit cost are as follows:



December 31,	2016		2015		2014
U.S. Plans:
Discount rate	4.41	%	4.10	%	4.90	%
Expected rate of return on plan assets	7.75	%	7.75	%	7.75	%
Rate of compensation increase	N/A		N/A		N/A
Non-U.S. Plans:
Discount rate	3.30	%	3.01	%	4.05	%
Expected rate of return on plan assets	6.77	%	6.94	%	7.01	%
Rate of compensation increase	2.81	%	2.40	%	2.56	%

Plan Assets

The Company’s pension plan target allocations and weighted-average asset allocations by asset category are as follows:



	Target Allocation	Actual Allocation
Asset Category December 31,		2016		2015
Equity securities	35%-75%	47	%	49	%
Fixed income securities	20%-50%	23	%	26	%
Alternative assets/Other	0%-35%	28	%	24	%
Money market	0%-10%	2	%	1	%

and costs.

Equity securities include Crane Co. common stock, which represents 5% and 4% of plan assets as of December 31, 2016 and 2015, respectively.

The fair value of the Company’s pension plan assets as of December 31, 2016, by asset category are as follows:



(in millions)	Active Markets for Identical Assets Level 1		Other Observable Inputs Level 2		Unobservable Inputs Level 3		NAV Practical Expedient*		Total Fair Value
Cash and Money Markets	$	16.1	$	—	$	—	$	—	$	16.1
Common Stocks
Actively Managed U.S. Equities	112.0		—		—		—		112.0
Fixed Income Bonds and Notes	—		44.3		—		—		44.3
Commingled and Mutual Funds
U.S. Equity Funds	—		—		—		62.3		62.3
Non-U.S. Equity Funds	—		—		—		201.9		201.9
U.S. Fixed Income, Government and Corporate	—		—		—		12.4		12.4
Non-U.S. Fixed Income, Government and Corporate	—		—		—		165.3		165.3
International Balanced Funds	—		—		—		10.1		10.1
Collective Trust	—		—		21.7		17.4		39.1
Alternative Investments
Hedge Funds	—		—		—		106.4		106.4
International Property Funds	—		—		—		37.6		37.6
Annuity Contract	—		1.0		—		—		1.0
Total Fair Value	$	128.1	$	45.3	$	21.7	$	613.4	$	808.5

* Investments are measured at fair value using the net asset value per share practical expedient, and therefore, are not classified in the fair value hierarchy.

In 2016, the Pension Plan's asset classified as Level 3 constitutes an insurance contract valued annually on an actuarial basis.

The fair value of the Company’s pension plan assets as of December 31, 2015, by asset category are as follows:



(in millions)	Active Markets for Identical Assets Level 1		Other Observable Inputs Level 2		Unobservable Inputs Level 3		NAV Practical Expedient*		Total Fair Value
Cash and Money Markets	$	4.9	$	—	$	—	$	—	$	4.9
Common Stocks
Actively Managed U.S. Equities	134.5		—		—		—		134.5
Fixed Income Bonds and Notes	—		46.1		—		—		46.1
Commingled and Mutual Funds
U.S. Equity Funds	—		—		—		49.9		49.9
Non-U.S. Equity Funds	—		—		—		218.6		218.6
U.S. Fixed Income, Government and Corporate	—		—		—		11.5		11.5
Non-U.S. Fixed Income, Government and Corporate	—		—		—		157.2		157.2
International Balanced Funds	—		—		—		10.1		10.1
Collective Trust	—		—		19.0		17.1		36.1
Alternative Investments
Hedge Funds	—		—		—		102.3		102.3
International Property Funds	—		—		—		44.3		44.3
Annuity Contract	—		1.0		—		—		1.0
Total Fair Value	$	139.4	$	47.1	$	19.0	$	611.0	$	816.5

* Investments are measured at fair value using the net asset value per share practical expedient, and therefore, are not classified in the fair value hierarchy.

In 2015, the Pension Plan's asset classified as Level 3 constitutes an insurance contract valued annually on an actuarial basis.

The following table sets forth a summary of pension plan assets valued using Net Asset Value ("NAV") or its equivalent as of December 31, 2016:



(in millions)	Redemption Frequency	Unfunded Commitment	Other Redemption Restrictions	Redemption Notice Period
U.S. Equity Funds (a)	Immediate	None	None	None
Non-U.S. Equity Funds (b)	Immediate	None	None	None
U.S. Fixed Income, Government and Corporate (c)	Immediate	None	None	None
Non-U.S. Fixed Income, Gov't and Corp. (d)	Immediate	None	None	None
International Balanced Funds (e)	Immediate	None	None	None
Collective Trust Fund (f)	Immediate	None	None	None
Hedge Fund (g)	12 Months	None	None	65 days written
Hedge Fund (h)	Quarterly	None	None	65 days written
Hedge Funds (h)	Quarterly	None	None	30 days written
Hedge Funds (h)	Immediate	None	None	None
International Property Funds (i)	Immediate	None	None	None
Non-US Tactical/Diversified Alternative Funds (j)	Immediate	None	None	None


(a)	These funds invest in Corporate equity securities within the U.S. markets and seek to meet or exceed relative benchmarks


(b)	These funds invest in Corporate equity securities outside the U.S. and seek to meet or exceed relative benchmarks


(c)	These funds invest in U.S. fixed income securities, corporate, government and agency, and seek to outperform the Barclays Capital Aggregate Index


(d)	These funds invest in Corporate and Governments fixed income securities outside the U.S. and seek to meet or exceed relative benchmarks


(e)	These funds invest in a blend of equities, fixed income, cash and property outside the U.S. and seek to outperform a similarly weighted index


(f)	This fund invests in a combination of U.S. and non-U.S. stocks and bonds and is managed by a third party to track liability


(g)	This fund is alternative asset in process of liquidation. Amounts included represent funds hold back expected to be distributed in early 2017


(h)	These funds are direct investment alternative investments/hedge funds that deploy a multi-strategy approach to investing (e.g. long/short/event-driven, credit)


(i)	These funds invest in real property outside the U.S.


(j)	These funds invest in traditional and alternative strategies and seek to add diversification while adding returns greater than equity in a non-correlated approach

The following table sets forth a summary of pension plan assets valued using NAV or its equivalent as of December 31, 2015:



(in millions)	Redemption Frequency	Unfunded Commitment	Other Redemption Restrictions	Redemption Notice Period
U.S. Equity Funds (a)	Immediate	None	None	None
Non-U.S. Equity Funds (b)	Immediate	None	None	None
U.S. Fixed Income, Government and Corporate (c)	Immediate	None	None	None
Non-U.S. Fixed Income, Government and Corporate (d)	Immediate	None	None	None
International Balanced Funds (e)	Immediate	None	None	None
Collective Trust (f)	Immediate	None	None	None
Hedge Fund (g)	12 Months	None	None	90 days written
Hedge Fund (g)	12 Months	None	None	65 days written
Hedge Funds (h)	12 Months	None	None	90 days written
Hedge Funds (i)	Quarterly	None	None	65 days written
Hedge Funds (i)	Quarterly	None	None	30 days written
International Property Funds (j)	Immediate	None	None	None
Non-US Tactical/Diversified Alternative Funds (k)	Immediate	None	None	None


(a)	These funds invest in Corporate equity securities within the U.S. markets and seek to meet or exceed relative benchmarks


(b)	These funds invest in Corporate equity securities outside the U.S. and seek to meet or exceed relative benchmarks


(c)	These funds invest in U.S. fixed income securities, corporate, government and agency, and seek to outperform the Barclays Capital Aggregate Index


(d)	These funds invest in Corporate and Governments fixed income securities outside the U.S. and seek to meet or exceed relative benchmarks


(e)	These funds invest in a blend of equities, fixed income, cash and property outside the U.S. and seek to outperform a similarly weighted index


(f)	This fund invests in a combination of U.S. and non-U.S. stocks and bonds and is managed by a third party to track liability


(g)	These funds are alternative assets which seeks to outperform equities while maintaining a lower risk profile than equities


(h)	This fund is an alternative investment that invests in distressed debt instruments seeking price appreciation


(i)	These funds are direct investment alternative investments/hedge funds that deploy a multi-strategy approach to investing (e.g. long/short/event-driven, credit)


(j)	These funds invest in real property outside the U.S.


(k)	These funds invest in traditional and alternative strategies and seek to add diversification while adding returns greater than equity in a non-correlated approach

Cash Flows

Estimated Future Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:



Estimated future payments (in millions)	Pension Benefits
2017	$	39.6
2018	41.2
2019	42.1
2020	44.3
2021	46.0
2022-2026	255.0
Total payments	$	468.2

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Long-Term Debt And Notes Payable

Long-Term Debt and Notes Payable

Debt Disclosure [Abstract]

The following table summarizes the Company’s debt as of December 31, 2016 and 2015:



(in millions)	December 31, 2016			December 31, 2015
Long-term debt consists of:
2.75% notes due December 2018
Principal amount	$	250.0		$	250.0
Less debt issuance costs (See Note 1)	(0.8		)	(1.2		)
Carrying Value	$	249.2		$	248.8

4.45% notes due December 2023
Principal amount	$	300.0		$	300.0
Less debt issuance costs (See Note 1)	(1.9		)	(2.1		)
Carrying Value	$	298.1		$	297.9

6.55% notes due November 2036
Principal Amount	$	200.0		$	200.0
Less unamortized discount	(0.7		)	(0.7		)
Less debt issuance costs (See Note 1)	(1.3		)	(1.4		)
Carrying Value	$	198.0		$	197.9

Total long-term debt	$	745.3		$	744.6

Short-term borrowings consists of:
Commercial paper	$	—		$	49.0
Other	—			0.6
Total short-term borrowings	$	—		$	49.6

6.55% notes due November 2036 - In November 2006, the Company issued 30 year notes having an aggregate principal amount of $200 million. The notes are unsecured, senior obligations of the Company that mature on November 15, 2036 and bear interest at 6.55% per annum, payable semi-annually on May 15 and November 15 of each year. The notes have no sinking fund requirement, but may be redeemed, in whole or in part, at the option of the Company. These notes do not contain any material debt covenants or cross default provisions. If there is a change in control of the Company, and if as a consequence, the notes are rated below investment grade by both Moody’s Investors Service and Standard & Poor’s, then holders of the notes may require the Company to repurchase them, in whole or in part, for 101% of the principal amount plus accrued and unpaid interest. Debt issuance costs are deferred and included in long-term debt and are amortized as a component of interest expense over the term of the notes. Including debt issuance cost amortization, these notes have an effective annualized interest rate of 6.67%.

As of December 31, 2016, the Company's total debt to total capitalization ratio was 40%, computed as follows:



(in millions)	December 31, 2016
Long-term debt	$	745.3
Total indebtedness	$	745.3
Total shareholders’ equity	1,133.8
Capitalization	$	1,879.1
Total indebtedness to capitalization	40		%

All outstanding senior, unsecured notes were issued under an indenture dated as of April 1, 1991. The indenture contains certain limitations on liens and sale and lease-back transactions.

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Fair Value Of Financial Instruments	12 Months Ended
Fair Value Of Financial Instruments	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Of Financial Instruments	Fair Value Measurements Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are to be considered from the perspective of a market participant that holds the asset or owes the liability. The standards also establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standards describe three levels of inputs that may be used to measure fair value: Level 1: Quoted prices in active markets for identical or similar assets and liabilities. Level 2: Quoted prices for identical or similar assets and liabilities in markets that are not active or observable inputs other than quoted prices in active markets for identical or similar assets and liabilities. Level 2 assets and liabilities include over-the-counter derivatives, principally forward foreign exchange contracts, whose value is determined using pricing models with inputs that are generally based on published foreign exchange rates and exchange traded prices, adjusted for other specific inputs that are primarily observable in the market or can be derived principally from or corroborated by observable market data. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Valuation Technique - The Company’s derivative assets and liabilities include foreign exchange contract derivatives that are measured at fair value using internal models based on observable market inputs such as forward rates and interest rates. Based on these inputs, the derivatives are classified within Level 2 of the valuation hierarchy. Such derivative liability amounts are recorded within accrued liabilities and were $0.1 million and $0.4 million as of December 31, 2016 and 2015, respectively. The carrying value of the Company’s financial assets and liabilities, including cash and cash equivalents, accounts receivable, accounts payable approximate fair value, without being discounted, due to the short periods during which these amounts are outstanding. Long-term debt rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate the fair value for debt issues that are not quoted on an exchange. The estimated fair value of long-term debt is measured using Level 2 inputs and was $801.8 million and $791.1 million as of December 31, 2016 and 2015, respectively.

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Derivative Instruments and Hedging Activities	12 Months Ended
Derivative Instruments and Hedging Activities	Dec. 31, 2016
Text Block [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company is exposed to certain risks related to its ongoing business operations, including market risks related to fluctuation in currency exchange. The Company uses foreign exchange contracts to manage the risk of certain cross-currency business relationships to minimize the impact of currency exchange fluctuations on the Company’s earnings and cash flows. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. As of December 31, 2016, the foreign exchange contracts designated as hedging instruments did not have a material impact on the Company’s consolidated statement of operations, balance sheet or cash flows. Foreign exchange contracts not designated as hedging instruments, which primarily pertain to foreign exchange fluctuation risk of intercompany positions, had a notional value of $8 million and $38 million as of December 31, 2016 and December 31, 2015, respectively. The settlement of derivative contracts for the years ended December 31, 2016, 2015 and 2014 resulted in net cash inflows (outflows) of $0.0 million, $(13.6) million and $(16.0) million, respectively, and is reported within “Total provided by operating activities” on the Consolidated Statements of Cash Flows. As of December 31, 2016 and 2015, the Company's payable position for the foreign exchange contracts was $0.1 million and $0.4 million, respectively.

XML 33 R18.htm IDEA: XBRL DOCUMENT

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
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-Paragraph 1A
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Paragraph 4H
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 815
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959

Reference 16: http://www.xbrl.org/2003/role/presentationRef
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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-Topic 815
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-URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Commitments And Contingencies

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Note 10 - Commitments and Contingencies

Leases



(in millions)	Operating Leases
2017	$	17.1
2018	13.8
2019	8.3
2020	5.5
2021	4.1
Thereafter	14.9
Total minimum lease payments	$	63.7

Rental expense was $25.4 million, $25.7 million and $28.7 million for 2016, 2015 and 2014, respectively.

Asbestos Liability

Information Regarding Claims and Costs in the Tort System



For the year ended December 31,	2016		2015		2014
Beginning claims	41,090		47,507		51,490
New claims	2,826		2,572		2,743
Settlements	(924	)	(954	)	(992	)
Dismissals	(6,940	)	(8,035	)	(5,734	)
Ending claims	36,052		41,090		47,507

On April 22, 2016, a Phoenix, Arizona federal court jury found the Company responsible for a 20 percent share of a $9 million verdict in the George Coulbourn claim, and further awarded exemplary damages against the Company in the amount of $5 million. The jury also awarded compensatory and exemplary damages against the other defendant present at trial. The court entered judgment against the Company in the amount of $6.8 million. The Company filed post-trial motions, which were denied on September 20, 2016. The Company is pursuing an appeal to the Ninth Circuit Court of Appeals.

Such judgment amounts are not included in the Company’s incurred costs until all available appeals are exhausted and the final payment amount is determined.



(in millions)
For the year ended December 31,	2016			2015			2014
Settlement / indemnity costs incurred (1)	$	30.5		$	27.7		$	25.3
Defense costs incurred (1)	43.0			41.7			55.9
Total costs incurred	$	73.5		$	69.4		$	81.1

Settlement / indemnity payments	$	32.4		$	24.5		$	27.3
Defense payments	43.7			43.5			57.7
Insurance receipts	(20.1		)	(18.1		)	(23.8		)
Pre-tax cash payments	$	56.0		$	49.9		$	61.3


(1)	Before insurance recoveries and tax effects.

The amounts shown for settlement and defense costs incurred, and cash payments, are not necessarily indicative of future period amounts, which may be higher or lower than those reported.

Effects on the Consolidated Financial Statements

The Company has retained the firm of Hamilton, Rabinovitz & Associates, Inc. (“HR&A”), a nationally recognized expert in the field, to assist management in estimating the Company’s asbestos liability in the tort system. HR&A reviews information provided by the Company concerning claims filed, settled and dismissed, amounts paid in settlements and relevant claim information such as the nature of the asbestos-related disease asserted by the claimant, the jurisdiction where filed and the time lag from filing to disposition of the claim. The methodology used by HR&A to project future asbestos costs is based on the Company’s recent historical experience for claims filed, settled and dismissed during a base reference period. The Company’s experience is then compared to estimates of the number of individuals likely to develop asbestos-related diseases determined based on widely used previously conducted epidemiological studies augmented with current data inputs. Those studies were undertaken in connection with national analyses of the population of workers believed to have been exposed to asbestos. Using that information, HR&A estimates the number of future claims that would be filed against the Company and estimates the aggregate settlement or indemnity costs that would be incurred to resolve both pending and future claims based upon the average settlement costs by disease during the reference period. This methodology has been accepted by numerous courts. After discussions with the Company, HR&A augments its liability estimate for the costs of defending asbestos claims in the tort system using a forecast from the Company which is based upon discussions with its defense counsel. Based on this information, HR&A compiles an estimate of the Company’s asbestos liability for pending and future claims using a range of reference periods based on claim experience and covering claims expected to be filed through the indicated forecast period. The most significant factors affecting the liability estimate are (1) the number of new mesothelioma claims filed against the Company, (2) the average settlement costs for mesothelioma claims, (3) the percentage of mesothelioma claims dismissed against the Company and (4) the aggregate defense costs incurred by the Company. These factors are interdependent, and no one factor predominates in determining the liability estimate.

A liability of $696 million was recorded as of December 31, 2016 to cover the estimated cost of asbestos claims now pending or subsequently asserted through 2059, of which approximately 80% is attributable to settlement and defense costs for future claims projected to be filed through 2059. The liability is reduced when cash payments are made in respect of settled claims and defense costs. It is not possible to forecast when cash payments related to the asbestos liability will be fully expended; however, it is expected such cash payments will continue for a number of years past 2059, due to the significant proportion of future claims included in the estimated asbestos liability and the lag time between the date a claim is filed and when it is resolved. None of these estimated costs have been discounted to present value due to the inability to reliably forecast the timing of payments. The current portion of the total estimated liability at December 31, 2016 was $71 million and represents the Company’s best estimate of total asbestos costs expected to be paid during the twelve-month period ended December 31, 2017. Such amount is based upon the HR&A model together with the Company’s prior year payment experience for both settlement and defense costs.

Other Contingencies

Environmental Matters

Goodyear Site

Roseland Site

Other Environmental Matters

GD-OTS has asked the Company to participate in a voluntary cost allocation/mediation exercise with respect to response costs it has incurred or will incur with respect to the AUS-OU. The Company, along with a number of other PRPs that were contacted, initially declined, but in light of the ongoing investigative activities, and the apparent willingness of the U.S. government to participate in a mediation proceeding, the Company and a number of PRPs have agreed to participate in a non-binding mediation process. The Company and other PRPs executed a mediation agreement on March 16, 2015, and the U.S. government, following the resolution of an inter-agency dispute, executed the mediation agreement on August 6, 2015. The participants have selected a mediator, are exchanging relevant information, and have agreed upon a framework for the mediation to address the numerous sub-areas at the Site in a coherent fashion. The first phase of the mediation, involving former munitions or ordnance storage areas, is presently scheduled to be conducted in May 2017, although this schedule is dependent upon the resolution of certain outstanding pre-mediation disclosure issues. The Company at present cannot predict whether this mediation proceeding will result in an agreement, or when any determination of the allocable share of the various PRPs, including the U.S. Government, is likely to be completed. Although a loss is probable, it is not possible at this time to reasonably estimate the amount of any obligation for remediation of the Crab Orchard Site because the extent of the environmental impact, allocation among PRPs, remediation alternatives, and concurrence of regulatory authorities have not yet advanced to the stage where a reasonable estimate can be made. The Company notified its insurers of this potential liability and has obtained coverage, subject to reservations of rights, under certain of its insurance policies.

Other Proceedings

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Stock-Based Compensation Plans

Stock-Based Compensation Plans

Share-based Compensation [Abstract]

Stock Options



	2016		2015		2014
Dividend yield	4.08	%	2.95	%	2.50	%
Volatility	23.41	%	24.97	%	27.49	%
Risk-free interest rate	1.59	%	1.32	%	1.39	%
Expected lives in years	4.2		4.2		4.2

Activity in the Company’s stock option plans for the year ended December 31, 2016 was as follows:



Option Activity	Number of Shares (in 000’s)		Weighted Average Exercise Price		Weighted Average Remaining Life (Years)
Options outstanding as of January 1, 2016	2,670		$	53.69
Granted	1,053		43.57
Exercised	(850	)	48.24
Canceled	(149	)	55.21
Options outstanding as of December 31, 2016	2,724		$	51.41	6.75
Options exercisable as of December 31, 2016	860		$	53.73	3.91

Restricted Stock and Performance-Based Restricted Share Units

Restricted share units vest at a rate of 25% after the first year, 50% after the second year, 75% after the third year and 100% after the fourth year from the date of grant and are subject to forfeiture restrictions which lapse over time. The vesting of performance-based restricted share units is determined in three years based on relative total shareholder return for Crane Co. compared to the S&P Midcap 400 Capital Goods Group, with payout potential ranging from 0% to 200% but capped at 100% if the Company’s three year total shareholder return is negative.

Changes in the Company’s restricted stock and restricted share units for the year ended December 31, 2016 were as follows:



Restricted Stock and Restricted Share Unit Activity	Restricted Stock and Restricted Share Units (in 000’s)		Weighted Average Grant-Date Fair Value
Restricted Stock and Restricted Share Units a of January 1, 2016	654		$	56.16
Restricted Share Units granted	228		43.74
Restricted Share Units vested	(155	)	53.99
Restricted Share Units forfeited	(29	)	54.70
Performance-based Restricted Share Units granted	116		47.18
Performance-based Restricted Share Units vested	(106	)	47.93
Performance-based Restricted Share Units forfeited	(29	)	52.72
Restricted Stock and Restricted Share Units as of December 31, 2016	679		$	52.44

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The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

Segment Information

A brief description of each of the Company's segments are as follows:

Segment Reporting [Abstract]

Segment Information

Fluid Handling

Payment & Merchandising Technologies

Aerospace & Electronics

Engineered Materials

Financial information by reportable segment is set forth below:



(in millions)	2016		2015		2014
Fluid Handling
Net sales	$	999.5	$	1,091.3	$	1,263.7
Operating profit	119.5		125.4		181.6
Assets	845.9		888.0		963.2
Goodwill	212.3		218.7		227.3
Capital expenditures	10.3		10.0		14.0
Depreciation and amortization	10.8		12.6		14.5
Payment & Merchandising Technologies
Net sales	$	745.8	$	703.0	$	712.0
Operating profit	135.5		101.4		69.1
Assets	1,188.9		1,178.0		1,210.1
Goodwill	563.3		575.2		589.9
Capital expenditures	8.7		9.8		11.4
Depreciation and amortization	33.9		34.5		41.6
Aerospace & Electronics
Net sales	$	745.7	$	691.3	$	696.0
Operating profit	149.8		145.1		138.2
Assets	555.5		559.4		512.1
Goodwill	202.3		202.6		202.7
Capital expenditures	28.7		16.2		14.9
Depreciation and amortization	11.7		11.3		11.8
Engineered Materials
Net sales	$	257.0	$	254.8	$	253.3
Operating profit	49.0		48.4		36.8
Assets	224.7		227.6		229.1
Goodwill	171.3		171.4		171.5
Capital expenditures	3.5		3.3		2.8
Depreciation and amortization	6.1		6.2		6.0

Information by reportable segment (continued):



(in millions)	2016			2015			2014
TOTAL NET SALES	$	2,748.0		$	2,740.5		$	2,925.0
Operating profit (loss)
Reporting segments	$	453.8		$	420.3		$	425.7
Corporate — before asbestos and environmental charges ^a	(61.2		)	(47.5		)	(53.6		)
Corporate expense — asbestos charge	(192.4		)	—			—
Corporate expense — environmental charges ^b	—			—			(55.8		)
TOTAL OPERATING PROFIT	$	200.3		$	372.9		$	316.3
Interest income	1.9			1.9			1.7
Interest expense	(36.5		)	(37.6		)	(39.2		)
Miscellaneous — net	(1.6		)	(0.7		)	2.4
INCOME BEFORE INCOME TAXES	$	164.1		$	336.5		$	281.2
Assets
Reporting segments	$	2,815.0		$	2,853.0		$	2,914.5
Corporate	613.0			483.9			531.0
TOTAL ASSETS	$	3,428.0		$	3,336.9		$	3,445.5
Goodwill
Reporting segments	$	1,149.2		$	1,167.9		$	1,191.3
Capital expenditures
Reporting segments	$	51.2		$	39.3		$	43.1
Corporate	0.3			0.3			0.6
TOTAL CAPITAL EXPENDITURES	$	51.5		$	39.6		$	43.7
Depreciation and amortization
Reporting segments	$	62.5		$	64.6		$	73.8
Corporate	4.9			2.4			2.0
TOTAL DEPRECIATION AND AMORTIZATION	$	67.4		$	67.0		$	75.8

^aIncludes charges of $5.0 million and $6.5 million for legal settlements in 2016 and 2014, respectively.

Information by geographic region:



(in millions) December 31,	2016		2015		2014
Net sales*
United States	$	1,769.7	$	1,698.6	$	1,719.4
Canada	163.2		212.7		256.4
United Kingdom	357.6		350.9		372.1
Continental Europe	279.6		282.2		365.1
Other international	177.9		196.1		212.0
TOTAL NET SALES	$	2,748.0	$	2,740.5	$	2,925.0
Assets*
United States	$	1,609.4	$	1,648.3	$	1,612.9
Canada	159.8		160.8		197.6
Europe	588.0		599.2		662.2
Other international	457.8		444.7		441.8
Corporate	613.0		483.9		531.0
TOTAL ASSETS	$	3,428.0	$	3,336.9	$	3,445.5
Tangible Assets*
United States	$	621.3	$	642.0	$	596.8
Canada	109.0		111.5		138.8
Europe	357.9		335.7		363.9
Other international	292.4		278.8		270.2
Corporate	613.0		488.6		531.0
TOTAL TANGIBLE ASSETS	$	1,993.6	$	1,856.6	$	1,900.7

* Net sales and assets by geographic region are based on the location of the business unit.

The table below presents net sales by product line for each segment:



(in millions) December 31,	2016		2015		2014
Fluid Handling
Process Valves and Related Products	$	619.2	$	681.2	$	805.1
Commercial Valves	290.9		316.5		362.5
Other Products	89.4		93.7		96.3
Total Fluid Handling	$	999.5	$	1,091.3	$	1,263.7

Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products	$	511.8	$	496.1	$	512.5
Merchandising Equipment	234.0		207.0		199.4
Total Payment & Merchandising Technologies	$	745.8	$	703.0	$	712.0

Aerospace & Electronics
Commercial Original Equipment	$	354.9	$	349.3	$	350.7
Military Original Equipment	200.3		152.6		159.1
Commercial Aftermarket Products	132.8		132.1		133.9
Military Aftermarket Products	57.7		57.1		52.3
Total Aerospace & Electronics	$	745.7	$	691.3	$	696.0

Engineered Materials
FRP - Recreational Vehicles	$	131.2	$	133.9	$	133.6
FRP - Building Products	89.6		83.1		81.7
FRP - Transportation	36.2		37.8		38.1
Total Engineered Materials	$	257.0	$	254.8	$	253.3

Total Net Sales	$	2,748.0	$	2,740.5	$	2,925.0

XML 36 R21.htm IDEA: XBRL DOCUMENT

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

Quarterly Results For The Year

Quarterly Results (Unaudited)

Quarterly Financial Data [Abstract]



(in millions, except per share data) For year ended December 31,	First		Second			Third		Fourth				Year
2016
Net sales	$	660.0	$	712.2		$	694.2	$	681.6			$	2,748.0
Cost of sales	426.1		449.1			449.2		433.9				$	1,758.3
Gross profit	233.9		263.1			245.0		247.7				989.7
Operating profit (loss)	85.5		102.6		(a)	103.8		(91.6		)	(c)	200.3
Net income attributable to common shareholders	55.0		68.2		(b)	63.5		(63.9		)	(d)	122.8
Earnings (loss) per basic share:
Net income attributable to common shareholders	$	0.95	$	1.17		$	1.09	$	(1.11	)		$	2.10
Earnings (loss) per diluted share:								—
Net income attributable to common shareholders	$	0.93	$	1.15		$	1.07	$	(1.08	)		$	2.07

2015
Net sales	$	678.8	$	711.2		$	669.9	$	680.6			$	2,740.5
Cost of sales	442.0		470.7			431.7		441.7				$	1,786.1
Gross profit	236.8		240.5			238.2		238.9				954.4
Operating profit	86.0		90.2			93.2		103.5				372.9
Net income attributable to common shareholders	51.1		55.8			56.9		65.1				228.9
Earnings per basic share:
Net income attributable to common shareholders	$	0.88	$	0.96		$	0.98	$	1.12			$	3.94
Earnings per diluted share:
Net income attributable to common shareholders	$	0.87	$	0.95		$	0.97	$	1.10			$	3.89


(a)	Includes a $5.0 million legal settlement charge


(b)	Includes the impact of item (a) cited above, net of tax


(c)	Includes a $192.4 million asbestos provision


(d)	Includes the impact of item (c) cited above, net of tax

XML 37 R22.htm IDEA: XBRL DOCUMENT

Restructuring	12 Months Ended
Restructuring	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring	cturing Charges The Company recorded pre-tax restructuring charges of $7.8 million and $29.2 million in 2015 and 2014, respectively. The 2015 restructuring charges were driven by severance costs from workforce reductions of approximately 125 people primarily in the Fluid Handling segment and, to a lesser extent, in the Aerospace & Electronics segment. The liability associated with these actions was $1.2 million and $4.2 million as of December 31, 2016 and 2015, respectively. The 2014 restructuring charges included $18.9 million of severance costs from workforce reductions of approximately 320 people primarily in the Fluid Handling segment and, to a lesser extent, in the Aerospace & Electronics segment. There was no liability related to these actions as of December 31, 2016. The liability was $1.3 million as of December 31, 2015. The 2014 restructuring charge also included $10.3 million of severance and other costs related to the December 2013 acquisition of MEI within the Payment & Merchandising Technologies segment. These actions resulted in workforce reductions of approximately 240 employees. The liability associated with these actions was $2.7 million and $6.3 million as of December 31, 2016 and 2015, respectively. Acquisition Integration Costs The Company recorded pre-tax acquisition integration related costs of $7.2 million and $9.8 million in 2015 and 2014, respectively related to the December 2013 acquisition of MEI within the Payment & Merchandising Technologies segment.

XML 38 R23.htm IDEA: XBRL DOCUMENT

Nature Of Operations And Significant Accounting Policies (Policy)

urrency Translation Assets and liabilities of subsidiaries that prepare financial statements in currencies other than the U.S. dollar are translated at the rate of exchange in effect on the balance sheet date; results of operations are translated at the average rates of exchange prevailing during the year. The related translation adjustments are included in accumulated other comprehensive income (loss) in a separate component of equity.

Accounting Policies [Abstract]

Use Of Estimates

Currency Translation

Revenue Recognition

Cost Of Goods Sold

Selling, General And Administrative Expenses

Income Taxes

In determining whether the earnings of its non-U.S. subsidiaries are permanently reinvested overseas, the Company considers the following:


•	Its history of utilizing non-U.S. cash to acquire non-U.S. businesses,


•	Its current and future needs for cash outside the U.S. (e.g., to fund capital expenditures, business operations, potential acquisitions, etc.),


•	Its ability to satisfy U.S.-based cash needs (e.g., domestic pension contributions, interest payment on external debt, dividends to shareholders, etc.) with cash generated by its U.S. businesses, and


•	The effect U.S. tax reform proposals calling for reduced corporate income tax rates and/or “repatriation” tax holidays would have on the amount of the tax liability.

Earnings Per Share

Cash And Cash Equivalents

Accounts Receivable

Accounts Receivable Receivables are carried at net realizable value.

A summary of allowance for doubtful accounts activity follows:



(in millions) December 31,	2016			2015			2014
Balance at beginning of year	$	4.7		$	4.9		$	4.8
Provisions	6.1			3.0			3.7
Deductions	(3.5		)	(3.2		)	(3.6		)
Balance at end of year	$	7.3		$	4.7		$	4.9

Inventories

Inventories Inventories consist of the following:



(in millions) December 31,	2016		2015
Finished goods	$	97.7	$	102.3
Finished parts and subassemblies	38.2		46.9
Work in process	56.0		60.7
Raw materials	150.6		167.0
Total inventories	$	342.5	$	376.9

Property, Plant And Equipment

Property, Plant and Equipment, net Property, plant and equipment, net consist of the following:



(in millions) December 31,	2016		2015
Land	$	66.6	$	68.8
Buildings and improvements	193.5		174.7
Machinery and equipment	566.8		566.0
Gross property, plant and equipment	826.9		809.5
Less: accumulated depreciation	548.0		533.5
Property, plant and equipment, net	$	278.9	$	276.0

Goodwill And Intangible Assets

Changes to goodwill are as follows:



(in millions)	Fluid Handling			Payment & Merchandising Technologies			Aerospace & Electronics			Engineered Materials			Total
Balance as of December 31, 2014	$	227.3		$	589.9		$	202.7		$	171.5		$	1,191.3
Currency translation	(8.6		)	(14.7		)	(0.1		)	(0.1		)	(23.4		)
Balance at December 31, 2015	$	218.7		$	575.2		$	202.6		$	171.4		$	1,167.9
Currency translation	(6.4		)	(11.9		)	(0.3		)	(0.1		)	(18.7		)
Balance as of December 31, 2016	$	212.3		$	563.3		$	202.3		$	171.3		$	1,149.2

Changes to intangible assets are as follows:



(in millions) December 31,	2016			2015			2014
Balance at beginning of period, net of accumulated amortization	$	317.1		$	353.5		$	408.9
Amortization expense	(30.7		)	(31.5		)	(37.9		)
Currency translation and other	(4.2		)	(4.9		)	(17.5		)
Balance at end of period, net of accumulated amortization	$	282.2		$	317.1		$	353.5

A summary of intangible assets follows:



(in millions)	Weighted Average Amortization Period of Finite Lived Assets (in years)	December 31, 2016						December 31, 2015
(in millions)		Gross Asset		Accumulated Amortization		Net		Gross Asset		Accumulated Amortization		Net
Intellectual property rights	16.4	$	86.4	$	52.1	$	34.3	$	88.3	$	51.4	$	36.9
Customer relationships and backlog	15.7	388.9		153.4		235.5		395.7		132.9		262.8
Drawings	37.9	11.1		10.3		0.8		11.1		10.1		1.1
Other	13.0	60.3		48.7		11.6		61.8		45.4		16.4
Total	16.0	$	546.7	$	264.5	$	282.2	$	556.9	$	239.8	$	317.1

Future amortization expense associated with intangibles is expected to be:



Year (in millions)
2017	$	28.7
2018	26.1
2019	23.4
2020	20.3
2021 and after	156.7

Valuation of Long

Valuation Of Long-Lived Assets

Financial Instruments

Accumulated Other Comprehensive Income (Loss)

The tables below provide the accumulated balances for each classification of accumulated other comprehensive loss, as reflected on the Consolidated Balance Sheets.



	(in millions)	Defined Benefit Pension and Other Postretirement Items*			Currency Translation Adjustment			Total

Balance as of December 31, 2015		$	(266.2	)	$	(110.6	)	$	(376.7	)
	Other comprehensive loss before reclassifications	(42.3		)	(64.2		)	(106.5		)
	Amounts reclassified from accumulated other comprehensive income (loss)	7.1			$	—		7.1
Net period other comprehensive income (loss)		(35.2		)	(64.2		)	(99.4		)
Balance as of December 31, 2016		$	(301.3	)	$	(174.8	)	$	(476.1	)



	(in millions)	Defined Benefit Pension and Other Postretirement Items*			Currency Translation Adjustment			Total

Balance as of December 31, 2014		$	(257.8	)	$	(41.0	)	$	(298.8	)
	Other comprehensive loss before reclassifications	(16.3		)	(69.6		)	(85.9		)
	Amounts reclassified from accumulated other comprehensive income (loss)	7.9			—			7.9
Net period other comprehensive loss		(8.4		)	(69.6		)	(78.0		)
Balance as of December 31, 2015		$	(266.2	)	$	(110.6	)	$	(376.7	)

* Net of tax benefit of $119.8, $109.8 and $114.4 for 2016, 2015, and 2014, respectively.

The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2016 and 2015.



Details of Accumulated Other Comprehensive Loss Components (in millions)	Amount Reclassified from Accumulated Other Comprehensive Loss						Affected Line Item in the Statements of Operations
December 31,	2016			2015
Amortization of defined benefit pension items:
Prior-service costs	$	(0.6	)	$	(0.4	)	($0.8) and ($0.5) have been recorded within Cost of Sales for the years ended December 31, 2016 and 2015, respectively, and $0.2 and $.01 have been recorded within Selling, General & Administrative for the years ended December 31, 2016 and 2015, respectively
Net loss	11.3			12.3			$15.3 and $16.7 have been recorded within Cost of Sales for the years ended December 31, 2016 and 2015, respectively and ($4.0) and ($4.4) have been recorded within Selling, General & Administrative for the years ended December 31, 2016 and 2015, respectively
Amortization of other postretirement items:
Prior-service costs	(0.2		)	(0.2		)	Recorded within Selling, General & Administrative
Net gain	(0.3		)	(0.4		)	Recorded within Selling, General & Administrative

	$	10.2		$	11.3		Total before tax
	3.1			3.4			Tax benefit
Total reclassifications for the period	$	7.1		$	7.9		Net of tax

Recently Issued Accounting Standards

XML 39 R24.htm IDEA: XBRL DOCUMENT

Nature Of Operations And Significant Accounting Policies (Tables)

Computation Of Basic And Diluted Earnings Per Share

Accounting Policies [Abstract]



(in millions, except per share data) For the year ended December 31,	2016		2015		2014

Net income attributable to common shareholders	$	122.8	$	228.9	$	192.7

Weighted average basic shares outstanding	58.5		58.1		58.7
Effect of dilutive stock options	0.8		0.7		0.9
Weighted average diluted shares outstanding	59.3		58.8		59.6

Earnings per basic share	$	2.10	$	3.94	$	3.28
Earnings per diluted share	$	2.07	$	3.89	$	3.23

Summary Of Allowance For Doubtful Accounts

A summary of allowance for doubtful accounts activity follows:



(in millions) December 31,	2016			2015			2014
Balance at beginning of year	$	4.7		$	4.9		$	4.8
Provisions	6.1			3.0			3.7
Deductions	(3.5		)	(3.2		)	(3.6		)
Balance at end of year	$	7.3		$	4.7		$	4.9

Summary Of Inventories

Inventories consist of the following:



(in millions) December 31,	2016		2015
Finished goods	$	97.7	$	102.3
Finished parts and subassemblies	38.2		46.9
Work in process	56.0		60.7
Raw materials	150.6		167.0
Total inventories	$	342.5	$	376.9

Summary Of Property, Plant And Equipment, Net

Property, plant and equipment, net consist of the following:



(in millions) December 31,	2016		2015
Land	$	66.6	$	68.8
Buildings and improvements	193.5		174.7
Machinery and equipment	566.8		566.0
Gross property, plant and equipment	826.9		809.5
Less: accumulated depreciation	548.0		533.5
Property, plant and equipment, net	$	278.9	$	276.0

Schedule Of Changes To Goodwill

Changes to goodwill are as follows:



(in millions)	Fluid Handling			Payment & Merchandising Technologies			Aerospace & Electronics			Engineered Materials			Total
Balance as of December 31, 2014	$	227.3		$	589.9		$	202.7		$	171.5		$	1,191.3
Currency translation	(8.6		)	(14.7		)	(0.1		)	(0.1		)	(23.4		)
Balance at December 31, 2015	$	218.7		$	575.2		$	202.6		$	171.4		$	1,167.9
Currency translation	(6.4		)	(11.9		)	(0.3		)	(0.1		)	(18.7		)
Balance as of December 31, 2016	$	212.3		$	563.3		$	202.3		$	171.3		$	1,149.2

Schedule Of Changes To Intangible Assets

hanges to intangible assets are as follows:



(in millions) December 31,	2016			2015			2014
Balance at beginning of period, net of accumulated amortization	$	317.1		$	353.5		$	408.9
Amortization expense	(30.7		)	(31.5		)	(37.9		)
Currency translation and other	(4.2		)	(4.9		)	(17.5		)
Balance at end of period, net of accumulated amortization	$	282.2		$	317.1		$	353.5

Summary Of Intangible Assets

A summary of intangible assets follows:



(in millions)	Weighted Average Amortization Period of Finite Lived Assets (in years)	December 31, 2016						December 31, 2015
(in millions)		Gross Asset		Accumulated Amortization		Net		Gross Asset		Accumulated Amortization		Net
Intellectual property rights	16.4	$	86.4	$	52.1	$	34.3	$	88.3	$	51.4	$	36.9
Customer relationships and backlog	15.7	388.9		153.4		235.5		395.7		132.9		262.8
Drawings	37.9	11.1		10.3		0.8		11.1		10.1		1.1
Other	13.0	60.3		48.7		11.6		61.8		45.4		16.4
Total	16.0	$	546.7	$	264.5	$	282.2	$	556.9	$	239.8	$	317.1

Classification Of Accumulated Other Comprehensive Income (Loss) Reflected On Consolidated Balance Sheets

The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2016 and 2015.



Details of Accumulated Other Comprehensive Loss Components (in millions)	Amount Reclassified from Accumulated Other Comprehensive Loss						Affected Line Item in the Statements of Operations
December 31,	2016			2015
Amortization of defined benefit pension items:
Prior-service costs	$	(0.6	)	$	(0.4	)	($0.8) and ($0.5) have been recorded within Cost of Sales for the years ended December 31, 2016 and 2015, respectively, and $0.2 and $.01 have been recorded within Selling, General & Administrative for the years ended December 31, 2016 and 2015, respectively
Net loss	11.3			12.3			$15.3 and $16.7 have been recorded within Cost of Sales for the years ended December 31, 2016 and 2015, respectively and ($4.0) and ($4.4) have been recorded within Selling, General & Administrative for the years ended December 31, 2016 and 2015, respectively
Amortization of other postretirement items:
Prior-service costs	(0.2		)	(0.2		)	Recorded within Selling, General & Administrative
Net gain	(0.3		)	(0.4		)	Recorded within Selling, General & Administrative

	$	10.2		$	11.3		Total before tax
	3.1			3.4			Tax benefit
Total reclassifications for the period	$	7.1		$	7.9		Net of tax

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Income Taxes (Tables)

Schedule Of Income Before Taxes

Income Tax Disclosure [Abstract]

The Company’s income before taxes is as follows:



(in millions) For year ended December 31,	2016		2015		2014
U.S. operations	$	63.5	$	261.9	$	141.8
Non-U.S. operations	100.6		74.6		139.4
Total	$	164.1	$	336.5	$	281.2

Schedule Of Provision For Income Taxes

The Company’s provision (benefit) for income taxes consists of:



(in millions) For year ended December 31,	2016			2015			2014
Current:
U.S. federal tax	$	38.7		$	43.0		$	14.0
U.S. state and local tax	5.1			5.4			2.6
Non-U.S. tax	21.6			18.4			33.1
Total current	65.4			66.8			49.7
Deferred:
U.S. federal tax	(28.0		)	36.5			30.1
U.S. state and local tax	1.5			(0.4		)	1.3
Non-U.S. tax	1.4			3.6			6.5
Total deferred	(25.1		)	39.7			37.9
Total provision for income taxes	$	40.3		$	106.5		$	87.6

Schedule Of Deferred Tax Assets And Liabilities

A reconciliation of the statutory U.S. federal tax rate to the Company’s effective tax rate is as follows:



(in millions) For year ended December 31,	2016		2015		2014
Statutory U.S. federal tax rate	35.0	%	35.0	%	35.0	%
Increase (reduction) from:
Income taxed at non-U.S. rates	(7.4	)%	(2.0	)%	(4.0	)%
Non-U.S. income inclusion, net of tax credits	(1.0	)%	—	%	0.1	%
State and local taxes, net of federal benefit	3.1	%	1.3	%	1.3	%
U.S. research and development tax credit	(3.2	)%	(0.9	)%	(1.0	)%
U.S. domestic manufacturing deduction	(3.2	)%	(1.3	)%	(0.7	)%
Other	1.3	%	(0.4	)%	0.5	%
Effective tax rate	24.6	%	31.7	%	31.2	%

Reconciliation Of The Statutory U.S. Federal Rate To The Effective Tax Rate

The components of deferred tax assets and liabilities included on the Company’s Consolidated Balance Sheets are as follows:



(in millions) December 31,	2016			2015
Deferred tax assets:
Asbestos-related liabilities	$	215.4		$	162.7
Tax loss and credit carryforwards	101.3			105.6
Pension and post-retirement benefits	74.3			69.1
Inventories	25.0			23.5
Accrued bonus and stock-based compensation	16.9			17.1
Environmental reserves	12.3			16.0
Other	36.7			55.3
Total	481.9			449.3
Less: valuation allowance	148.2			145.9
Total deferred tax assets, net of valuation allowance	333.7			303.4
Deferred tax liabilities:
Basis difference in intangible assets	(147.2		)	(142.2		)
Basis difference in fixed assets	(17.6		)	(21.5		)
Total deferred tax liabilities	(164.8		)	(163.7		)
Net deferred tax asset	$	168.9		$	139.7
Balance sheet classification:
Current deferred tax assets	$	29.6		$	27.5
Long-term deferred tax assets	181.8			162.4
Accrued liabilities	(0.1		)	(0.2		)
Long-term deferred tax liability	(42.4		)	(50.0		)
Net deferred tax asset	$	168.9		$	139.7

Summary Of Tax Loss And Tax Credit Carryforwards

As of December 31, 2016, the Company had U.S. federal, U.S. state and non-U.S. tax loss and credit carryforwards that will expire, if unused, as follows:



(in millions) Year of expiration	U.S. Federal Tax Credits			U.S. Federal Tax Losses			U.S. State Tax Credits			U.S. State Tax Losses			Non- U.S. Tax Losses			Total
2017-2021	$	18.5		$	0.2		$	4.0		$	33.5		$	49.8
After 2021	1.5			1.0			2.0			824.5			9.2
Indefinite	—			—			20.0			—			89.9
Total tax carryforwards	$	20.0		$	1.2		$	26.0		$	858.0		$	148.9
Deferred tax asset on tax carryforwards	$	20.0		$	0.5		$	17.0		$	38.1		$	25.7		$	101.3
Valuation allowance on tax carryforwards	(20.0		)	(0.4		)	(16.3		)	(37.5		)	(22.3		)	(96.5		)
Net deferred tax asset on tax carryforwards	$	—		$	0.1		$	0.7		$	0.6		$	3.4		$	4.8

Schedule Of Gross Unrecognized Tax Benefits Reconciliation

A reconciliation of the beginning and ending amount of the Company’s gross unrecognized tax benefits, excluding interest and penalties, is as follows:



(in millions)	2016			2015			2014
Balance of liability as of January 1	$	45.2		$	40.7		$	31.4
Increase as a result of tax positions taken during a prior year	0.5			1.5			2.0
Decrease as a result of tax positions taken during a prior year	(7.3		)	(2.1		)	(1.2		)
Increase as a result of tax positions taken during the current year	10.3			9.2			11.2
Decrease as a result of settlements with taxing authorities	(1.2		)	—			(1.1		)
Reduction as a result of a lapse of the statute of limitations	(1.0		)	(4.1		)	(1.6		)
Balance of liability as of December 31	$	46.5		$	45.2		$	40.7

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Accrued Liabilities (Tables)

Schedule Of Accrued Liabilities

Text Block [Abstract]

Accrued liabilities consist of:



(in millions) December 31,	2016		2015
Employee related expenses	$	95.4	$	83.1
Warranty	15.5		15.1
Advanced payment from customers	19.0		29.1
Other	93.2		91.3
Total	$	223.1	$	218.6

Summary Of Warranty Liabilities

A summary of the warranty liabilities is as follows:



(in millions) December 31,	2016			2015
Balance at beginning of period	$	15.1		$	15.5
Expense	14.5			12.1
Payments / deductions	(13.4		)	(12.7		)
Currency translation	(0.7		)	0.2
Balance at end of period	$	15.5		$	15.1

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Other Liabilities (Tables)

Schedule Of Other Liabilities

Other Liabilities [Abstract]



(in millions) December 31,	2016		2015
Environmental	$	34.0	$	48.9
Other	65.8		63.9
	$	99.8	$	112.8

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Pension And Postretirement Benefits (Tables)

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Summary Of Benefit Obligations, Fair Value Of Plan Assets And Funded Status

A summary of the projected benefit obligations, fair value of plan assets and funded status is as follows:



(in millions) December 31,	2016			2015
Change in benefit obligation:
Benefit obligation at beginning of year	$	988.0		$	1,093.2
Service cost	4.7			5.2
Interest cost	31.8			37.9
Plan participants’ contributions	0.5			0.5
Amendments	0.4			(18.2		)
Actuarial loss (gain)	88.4			(60.3		)
Settlement	(1.7		)	(2.8		)
Benefits paid	(42.4		)	(41.4		)
Foreign currency exchange impact	(65.1		)	(25.5		)
Acquisition/divestitures/curtailment	—			(0.3		)
Adjustment for expenses/tax contained in service cost	(0.6		)	(0.3		)
Benefit obligation at end of year	$	1,004.0		$	988.0
Change in plan assets:
Fair value of plan assets at beginning of year	$	816.5		$	874.6
Actual return on plan assets	87.4			(2.0		)
Foreign currency exchange impact	(59.1		)	(28.5		)
Employer contributions	8.3			17.0
Administrative expenses paid	(1.0		)	(0.9		)
Plan participants’ contributions	0.5			0.5
Settlement	(1.7		)	(2.8		)
Benefits paid	(42.4		)	(41.4		)
Fair value of plan assets at end of year	$	808.5		$	816.5
Funded status	$	(195.5	)	$	(171.5	)

Schedule Of Amounts Recognized In Consolidated Balance Sheets

Amounts recognized in the Consolidated Balance Sheets consist of:



(in millions) December 31,	2016			2015
Other assets	$	46.0		$	56.3
Current liabilities	(1.2		)	(1.1		)
Accrued pension and postretirement benefits	(240.3		)	(226.7		)
Funded status	$	(195.5	)	$	(171.5	)

Schedule Of Amounts Recognized In Accumulated Other Comprehensive (Income) Loss

Amounts recognized in accumulated other comprehensive loss consist of:



(in millions) December 31,	2016			2015
Net actuarial loss	$	373.2		$	347.4
Prior service credit	(10.1		)	(11.6		)
Total recognized in accumulated other comprehensive income	$	363.1		$	335.8

Schedule Of Accumulated And Projected Benefit Obligations

The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the U.S. and Non-U.S. plans, are as follows:



	Pension Obligations/Assets
	U.S.				Non-U.S.				Total
(in millions) December 31,	2016		2015		2016		2015		2016		2015
Projected benefit obligation	$	545.8	$	548.5	$	458.2	$	439.5	$	1,004.0	$	988.0
Accumulated benefit obligation	545.8		548.4		450.9		432.5		996.7		980.9
Fair value of plan assets	379.8		380.2		428.7		436.3		808.5		816.5

Schedule Of Information For Pension Plans With An Accumulated Benefit Obligation In Excess Of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets is as follows:



(in millions) December 31,	2016		2015
Projected benefit obligation	$	834.8	$	791.5
Accumulated benefit obligation	827.8		785.0
Fair value of plan assets	593.3		563.9

Components Of Net Periodic Cost

Components of net periodic benefit cost are as follows:



(in millions) December 31,	2016			2015			2014
Net Periodic Benefit Cost:
Service cost	$	4.7		$	5.2		$	4.9
Interest cost	31.8			37.9			40.9
Expected return on plan assets	(56.1		)	(62.0		)	(62.5		)
Amortization of prior service cost	(0.6		)	(0.4		)	0.1
Amortization of net loss	11.3			12.3			5.1
Recognized curtailment loss	—			(5.2		)	—
Settlement costs	—			0.8			—
Net periodic (benefit) cost	$	(8.9	)	$	(11.4	)	$	(11.5	)

Components of net periodic benefit cost are as follows:



(in millions) December 31,	2016			2015			2014
Net Periodic Benefit Cost:
Service cost	$	4.7		$	5.2		$	4.9
Interest cost	31.8			37.9			40.9
Expected return on plan assets	(56.1		)	(62.0		)	(62.5		)
Amortization of prior service cost	(0.6		)	(0.4		)	0.1
Amortization of net loss	11.3			12.3			5.1
Recognized curtailment loss	—			(5.2		)	—
Settlement costs	—			0.8			—
Net periodic (benefit) cost	$	(8.9	)	$	(11.4	)	$	(11.5	)

The weighted average assumptions used to determine benefit obligations are as follows:



December 31,	2016		2015		2014
U.S. Plans:
Discount rate	4.29	%	4.41	%	4.10	%
Rate of compensation increase	N/A		N/A		N/A
Non-U.S. Plans:
Discount rate	2.29	%	3.30	%	3.01	%
Rate of compensation increase	2.85	%	2.81	%	2.40	%

Schedule Of Weighted Average Assumptions Used To Determine Benefit Obligation And Net Periodic Benefit Cost

The weighted-average assumptions used to determine net periodic benefit cost are as follows:



December 31,	2016		2015		2014
U.S. Plans:
Discount rate	4.41	%	4.10	%	4.90	%
Expected rate of return on plan assets	7.75	%	7.75	%	7.75	%
Rate of compensation increase	N/A		N/A		N/A
Non-U.S. Plans:
Discount rate	3.30	%	3.01	%	4.05	%
Expected rate of return on plan assets	6.77	%	6.94	%	7.01	%
Rate of compensation increase	2.81	%	2.40	%	2.56	%

Schedule Of Pension Plan Target Allocations And Weighted-Average Asset Allocations

The Company’s pension plan target allocations and weighted-average asset allocations by asset category are as follows:



	Target Allocation	Actual Allocation
Asset Category December 31,		2016		2015
Equity securities	35%-75%	47	%	49	%
Fixed income securities	20%-50%	23	%	26	%
Alternative assets/Other	0%-35%	28	%	24	%
Money market	0%-10%	2	%	1	%

Schedule Of Fair Value Of Company Pension Plan Assets

The fair value of the Company’s pension plan assets as of December 31, 2015, by asset category are as follows:



(in millions)	Active Markets for Identical Assets Level 1		Other Observable Inputs Level 2		Unobservable Inputs Level 3		NAV Practical Expedient*		Total Fair Value
Cash and Money Markets	$	4.9	$	—	$	—	$	—	$	4.9
Common Stocks
Actively Managed U.S. Equities	134.5		—		—		—		134.5
Fixed Income Bonds and Notes	—		46.1		—		—		46.1
Commingled and Mutual Funds
U.S. Equity Funds	—		—		—		49.9		49.9
Non-U.S. Equity Funds	—		—		—		218.6		218.6
U.S. Fixed Income, Government and Corporate	—		—		—		11.5		11.5
Non-U.S. Fixed Income, Government and Corporate	—		—		—		157.2		157.2
International Balanced Funds	—		—		—		10.1		10.1
Collective Trust	—		—		19.0		17.1		36.1
Alternative Investments
Hedge Funds	—		—		—		102.3		102.3
International Property Funds	—		—		—		44.3		44.3
Annuity Contract	—		1.0		—		—		1.0
Total Fair Value	$	139.4	$	47.1	$	19.0	$	611.0	$	816.5

Summary Of Pension Plan Assets Valued Using Net Asset Value (NAV) Or Its Equivalent

The following table sets forth a summary of pension plan assets valued using NAV or its equivalent as of December 31, 2015:



(in millions)	Redemption Frequency	Unfunded Commitment	Other Redemption Restrictions	Redemption Notice Period
U.S. Equity Funds (a)	Immediate	None	None	None
Non-U.S. Equity Funds (b)	Immediate	None	None	None
U.S. Fixed Income, Government and Corporate (c)	Immediate	None	None	None
Non-U.S. Fixed Income, Government and Corporate (d)	Immediate	None	None	None
International Balanced Funds (e)	Immediate	None	None	None
Collective Trust (f)	Immediate	None	None	None
Hedge Fund (g)	12 Months	None	None	90 days written
Hedge Fund (g)	12 Months	None	None	65 days written
Hedge Funds (h)	12 Months	None	None	90 days written
Hedge Funds (i)	Quarterly	None	None	65 days written
Hedge Funds (i)	Quarterly	None	None	30 days written
International Property Funds (j)	Immediate	None	None	None
Non-US Tactical/Diversified Alternative Funds (k)	Immediate	None	None	None


(a)	These funds invest in Corporate equity securities within the U.S. markets and seek to meet or exceed relative benchmarks


(b)	These funds invest in Corporate equity securities outside the U.S. and seek to meet or exceed relative benchmarks


(c)	These funds invest in U.S. fixed income securities, corporate, government and agency, and seek to outperform the Barclays Capital Aggregate Index


(d)	These funds invest in Corporate and Governments fixed income securities outside the U.S. and seek to meet or exceed relative benchmarks


(e)	These funds invest in a blend of equities, fixed income, cash and property outside the U.S. and seek to outperform a similarly weighted index


(f)	This fund invests in a combination of U.S. and non-U.S. stocks and bonds and is managed by a third party to track liability


(g)	These funds are alternative assets which seeks to outperform equities while maintaining a lower risk profile than equities


(h)	This fund is an alternative investment that invests in distressed debt instruments seeking price appreciation


(i)	These funds are direct investment alternative investments/hedge funds that deploy a multi-strategy approach to investing (e.g. long/short/event-driven, credit)

Summary Of Estimated Future Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:



Estimated future payments (in millions)	Pension Benefits
2017	$	39.6
2018	41.2
2019	42.1
2020	44.3
2021	46.0
2022-2026	255.0
Total payments	$	468.2

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Long-Term Debt And Notes Payable (Tables)

The following table summarizes the Company’s debt as of December 31, 2016 and 2015:

Debt Disclosure [Abstract]

Components of Debt



(in millions)	December 31, 2016			December 31, 2015
Long-term debt consists of:
2.75% notes due December 2018
Principal amount	$	250.0		$	250.0
Less debt issuance costs (See Note 1)	(0.8		)	(1.2		)
Carrying Value	$	249.2		$	248.8

4.45% notes due December 2023
Principal amount	$	300.0		$	300.0
Less debt issuance costs (See Note 1)	(1.9		)	(2.1		)
Carrying Value	$	298.1		$	297.9

6.55% notes due November 2036
Principal Amount	$	200.0		$	200.0
Less unamortized discount	(0.7		)	(0.7		)
Less debt issuance costs (See Note 1)	(1.3		)	(1.4		)
Carrying Value	$	198.0		$	197.9

Total long-term debt	$	745.3		$	744.6

Short-term borrowings consists of:
Commercial paper	$	—		$	49.0
Other	—			0.6
Total short-term borrowings	$	—		$	49.6

Capitalization of Long-Term Debt



(in millions)	December 31, 2016
Long-term debt	$	745.3
Total indebtedness	$	745.3
Total shareholders’ equity	1,133.8
Capitalization	$	1,879.1
Total indebtedness to capitalization	40		%

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Fair Value Of Financial Instruments (Tables)	12 Months Ended
Fair Value Of Financial Instruments (Tables)	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Summary Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

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Commitments And Contingencies (Tables)

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Future Minimum Payments For Operating Leases

Leases



(in millions)	Operating Leases
2017	$	17.1
2018	13.8
2019	8.3
2020	5.5
2021	4.1
Thereafter	14.9
Total minimum lease payments	$	63.7

Schedule Of Activity Related To Asbestos Claims



For the year ended December 31,	2016		2015		2014
Beginning claims	41,090		47,507		51,490
New claims	2,826		2,572		2,743
Settlements	(924	)	(954	)	(992	)
Dismissals	(6,940	)	(8,035	)	(5,734	)
Ending claims	36,052		41,090		47,507

Schedule Of Gross Settlement And Defense Costs



(in millions)
For the year ended December 31,	2016			2015			2014
Settlement / indemnity costs incurred (1)	$	30.5		$	27.7		$	25.3
Defense costs incurred (1)	43.0			41.7			55.9
Total costs incurred	$	73.5		$	69.4		$	81.1

Settlement / indemnity payments	$	32.4		$	24.5		$	27.3
Defense payments	43.7			43.5			57.7
Insurance receipts	(20.1		)	(18.1		)	(23.8		)
Pre-tax cash payments	$	56.0		$	49.9		$	61.3


(1)	Before insurance recoveries and tax effects.

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Stock-Based Compensation Plans (Tables)

Schedule Of Weighted-Average Assumptions For Grants Made

Share-based Compensation [Abstract]

The weighted-average assumptions for grants made during the years ended December 31, 2016, 2015 and 2014 are as follows:



	2016		2015		2014
Dividend yield	4.08	%	2.95	%	2.50	%
Volatility	23.41	%	24.97	%	27.49	%
Risk-free interest rate	1.59	%	1.32	%	1.39	%
Expected lives in years	4.2		4.2		4.2

Schedule Of Company's Stock Option Plans

Activity in the Company’s stock option plans for the year ended December 31, 2016 was as follows:



Option Activity	Number of Shares (in 000’s)		Weighted Average Exercise Price		Weighted Average Remaining Life (Years)
Options outstanding as of January 1, 2016	2,670		$	53.69
Granted	1,053		43.57
Exercised	(850	)	48.24
Canceled	(149	)	55.21
Options outstanding as of December 31, 2016	2,724		$	51.41	6.75
Options exercisable as of December 31, 2016	860		$	53.73	3.91

Schedule Of Changes Of Restricted Stock

Changes in the Company’s restricted stock and restricted share units for the year ended December 31, 2016 were as follows:



Restricted Stock and Restricted Share Unit Activity	Restricted Stock and Restricted Share Units (in 000’s)		Weighted Average Grant-Date Fair Value
Restricted Stock and Restricted Share Units a of January 1, 2016	654		$	56.16
Restricted Share Units granted	228		43.74
Restricted Share Units vested	(155	)	53.99
Restricted Share Units forfeited	(29	)	54.70
Performance-based Restricted Share Units granted	116		47.18
Performance-based Restricted Share Units vested	(106	)	47.93
Performance-based Restricted Share Units forfeited	(29	)	52.72
Restricted Stock and Restricted Share Units as of December 31, 2016	679		$	52.44

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Segment Information Segment Information (Tables)

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)	2016		2015		2014
Fluid Handling
Net sales	$	999.5	$	1,091.3	$	1,263.7
Operating profit	119.5		125.4		181.6
Assets	845.9		888.0		963.2
Goodwill	212.3		218.7		227.3
Capital expenditures	10.3		10.0		14.0
Depreciation and amortization	10.8		12.6		14.5
Payment & Merchandising Technologies
Net sales	$	745.8	$	703.0	$	712.0
Operating profit	135.5		101.4		69.1
Assets	1,188.9		1,178.0		1,210.1
Goodwill	563.3		575.2		589.9
Capital expenditures	8.7		9.8		11.4
Depreciation and amortization	33.9		34.5		41.6
Aerospace & Electronics
Net sales	$	745.7	$	691.3	$	696.0
Operating profit	149.8		145.1		138.2
Assets	555.5		559.4		512.1
Goodwill	202.3		202.6		202.7
Capital expenditures	28.7		16.2		14.9
Depreciation and amortization	11.7		11.3		11.8
Engineered Materials
Net sales	$	257.0	$	254.8	$	253.3
Operating profit	49.0		48.4		36.8
Assets	224.7		227.6		229.1
Goodwill	171.3		171.4		171.5
Capital expenditures	3.5		3.3		2.8
Depreciation and amortization	6.1		6.2		6.0

Information by reportable segment (continued):



(in millions)	2016			2015			2014
TOTAL NET SALES	$	2,748.0		$	2,740.5		$	2,925.0
Operating profit (loss)
Reporting segments	$	453.8		$	420.3		$	425.7
Corporate — before asbestos and environmental charges ^a	(61.2		)	(47.5		)	(53.6		)
Corporate expense — asbestos charge	(192.4		)	—			—
Corporate expense — environmental charges ^b	—			—			(55.8		)
TOTAL OPERATING PROFIT	$	200.3		$	372.9		$	316.3
Interest income	1.9			1.9			1.7
Interest expense	(36.5		)	(37.6		)	(39.2		)
Miscellaneous — net	(1.6		)	(0.7		)	2.4
INCOME BEFORE INCOME TAXES	$	164.1		$	336.5		$	281.2
Assets
Reporting segments	$	2,815.0		$	2,853.0		$	2,914.5
Corporate	613.0			483.9			531.0
TOTAL ASSETS	$	3,428.0		$	3,336.9		$	3,445.5
Goodwill
Reporting segments	$	1,149.2		$	1,167.9		$	1,191.3
Capital expenditures
Reporting segments	$	51.2		$	39.3		$	43.1
Corporate	0.3			0.3			0.6
TOTAL CAPITAL EXPENDITURES	$	51.5		$	39.6		$	43.7
Depreciation and amortization
Reporting segments	$	62.5		$	64.6		$	73.8
Corporate	4.9			2.4			2.0
TOTAL DEPRECIATION AND AMORTIZATION	$	67.4		$	67.0		$	75.8

^aIncludes charges of $5.0 million and $6.5 million for legal settlements in 2016 and 2014, respectively.

Revenue from External Customers by Geographic Areas [Table Text Block]

Information by geographic region:



(in millions) December 31,	2016		2015		2014
Net sales*
United States	$	1,769.7	$	1,698.6	$	1,719.4
Canada	163.2		212.7		256.4
United Kingdom	357.6		350.9		372.1
Continental Europe	279.6		282.2		365.1
Other international	177.9		196.1		212.0
TOTAL NET SALES	$	2,748.0	$	2,740.5	$	2,925.0
Assets*
United States	$	1,609.4	$	1,648.3	$	1,612.9
Canada	159.8		160.8		197.6
Europe	588.0		599.2		662.2
Other international	457.8		444.7		441.8
Corporate	613.0		483.9		531.0
TOTAL ASSETS	$	3,428.0	$	3,336.9	$	3,445.5
Tangible Assets*
United States	$	621.3	$	642.0	$	596.8
Canada	109.0		111.5		138.8
Europe	357.9		335.7		363.9
Other international	292.4		278.8		270.2
Corporate	613.0		488.6		531.0
TOTAL TANGIBLE ASSETS	$	1,993.6	$	1,856.6	$	1,900.7

* 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,	2016		2015		2014
Fluid Handling
Process Valves and Related Products	$	619.2	$	681.2	$	805.1
Commercial Valves	290.9		316.5		362.5
Other Products	89.4		93.7		96.3
Total Fluid Handling	$	999.5	$	1,091.3	$	1,263.7

Payment & Merchandising Technologies
Payment Acceptance and Dispensing Products	$	511.8	$	496.1	$	512.5
Merchandising Equipment	234.0		207.0		199.4
Total Payment & Merchandising Technologies	$	745.8	$	703.0	$	712.0

Aerospace & Electronics
Commercial Original Equipment	$	354.9	$	349.3	$	350.7
Military Original Equipment	200.3		152.6		159.1
Commercial Aftermarket Products	132.8		132.1		133.9
Military Aftermarket Products	57.7		57.1		52.3
Total Aerospace & Electronics	$	745.7	$	691.3	$	696.0

Engineered Materials
FRP - Recreational Vehicles	$	131.2	$	133.9	$	133.6
FRP - Building Products	89.6		83.1		81.7
FRP - Transportation	36.2		37.8		38.1
Total Engineered Materials	$	257.0	$	254.8	$	253.3

Total Net Sales	$	2,748.0	$	2,740.5	$	2,925.0

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Quarterly Results For The Year (Tables)

Schedule Of Quarterly Financial Information

Quarterly Financial Data [Abstract]



(in millions, except per share data) For year ended December 31,	First		Second			Third		Fourth				Year
2016
Net sales	$	660.0	$	712.2		$	694.2	$	681.6			$	2,748.0
Cost of sales	426.1		449.1			449.2		433.9				$	1,758.3
Gross profit	233.9		263.1			245.0		247.7				989.7
Operating profit (loss)	85.5		102.6		(a)	103.8		(91.6		)	(c)	200.3
Net income attributable to common shareholders	55.0		68.2		(b)	63.5		(63.9		)	(d)	122.8
Earnings (loss) per basic share:
Net income attributable to common shareholders	$	0.95	$	1.17		$	1.09	$	(1.11	)		$	2.10
Earnings (loss) per diluted share:								—
Net income attributable to common shareholders	$	0.93	$	1.15		$	1.07	$	(1.08	)		$	2.07

2015
Net sales	$	678.8	$	711.2		$	669.9	$	680.6			$	2,740.5
Cost of sales	442.0		470.7			431.7		441.7				$	1,786.1
Gross profit	236.8		240.5			238.2		238.9				954.4
Operating profit	86.0		90.2			93.2		103.5				372.9
Net income attributable to common shareholders	51.1		55.8			56.9		65.1				228.9
Earnings per basic share:
Net income attributable to common shareholders	$	0.88	$	0.96		$	0.98	$	1.12			$	3.94
Earnings per diluted share:
Net income attributable to common shareholders	$	0.87	$	0.95		$	0.97	$	1.10			$	3.89


(a)	Includes a $5.0 million legal settlement charge


(b)	Includes the impact of item (a) cited above, net of tax


(c)	Includes a $192.4 million asbestos provision


(d)	Includes the impact of item (c) cited above, net of tax

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Restructuring (Tables)	12 Months Ended
Restructuring (Tables)	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs [Table Text Block]
Summary of Restructuring Charges	cturing Charges The Company recorded pre-tax restructuring charges of $7.8 million and $29.2 million in 2015 and 2014, respectively. The 2015 restructuring charges were driven by severance costs from workforce reductions of approximately 125 people primarily in the Fluid Handling segment and, to a lesser extent, in the Aerospace & Electronics segment. The liability associated with these actions was $1.2 million and $4.2 million as of December 31, 2016 and 2015, respectively. The 2014 restructuring charges included $18.9 million of severance costs from workforce reductions of approximately 320 people primarily in the Fluid Handling segment and, to a lesser extent, in the Aerospace & Electronics segment. There was no liability related to these actions as of December 31, 2016. The liability was $1.3 million as of December 31, 2015. The 2014 restructuring charge also included $10.3 million of severance and other costs related to the December 2013 acquisition of MEI within the Payment & Merchandising Technologies segment. These actions resulted in workforce reductions of approximately 240 employees. The liability associated with these actions was $2.7 million and $6.3 million as of December 31, 2016 and 2015, respectively. Acquisition Integration Costs The Company recorded pre-tax acquisition integration related costs of $7.2 million and $9.8 million in 2015 and 2014, respectively related to the December 2013 acquisition of MEI within the Payment & Merchandising Technologies segment.

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Nature Of Operations And Significant Accounting Policies (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016 USD ($) Segment	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Property, Plant and Equipment [Line Items]
Other Assets, Noncurrent	$ 95.0	$ 101.3
Assets	3,428.0	3,336.9	$ 3,445.5
Long-term Debt, Excluding Current Maturities	745.3	744.6
Liabilities and Equity	3,428.0	3,336.9
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets		(4.7)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	$ 119.8	0.0	0.0
Number of reporting segments \| Segment	4
Increase (decrease) in cost of sales by changes in level of LIFO inventories	$ 1.8	$ 1.5	0.7
Percentage of inventories cost, LIFO method	34.00%	29.00%
Higher value of LIFO inventories if valued under FIFO	$ 13.3	$ 14.3
Depreciation expense	$ 40.2	39.1	$ 41.7
Number of reporting units \| Segment	7
Estimated cost of capital, minimum	9.00%
Estimated cost of capital, maximum	12.00%
Estimated cost of capital, weighted	10.50%
Hypothetical decrease to fair values of each reporting unit	10.00%
Estimated amortization expense for intangible assets, year 2013	$ 28.7
Finite-Lived Intangible Assets, Amortization Expense, Year Two	26.1
Estimated amortization expense for intangible assets, year 2015	23.4
Finite-Lived Intangible Assets, Amortization Expense, Year Four	20.3
Estimated amortization expense for intangible assets, year 2017 and thereafter	156.7
Intangible assets, net	282.2	317.1
Intangibles with indefinite useful lives	$ 27.0
Minimum [Member] \| Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life- minimum, years	10 years
Minimum [Member] \| Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life- minimum, years	3 years
Maximum [Member] \| Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life- minimum, years	25 years
Maximum [Member] \| Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful life- minimum, years	10 years
Scenario, Previously Reported [Member]
Property, Plant and Equipment [Line Items]
Other Assets, Noncurrent		106.0
Assets		3,341.6
Long-term Debt, Excluding Current Maturities		749.3
Liabilities and Equity		$ 3,341.6

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Nature Of Operations And Significant Accounting Policies (Computation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Less: Noncontrolling interest in subsidiaries’ earnings									$ 1.0	$ 1.1	$ 0.9	$ 0.9
Net income attributable to common shareholders	$ (63.9)	$ 63.5	$ 68.2	$ 55.0					$ 122.8	$ 228.9	$ 192.7	$ 192.7
Weighted average basic shares outstanding									58.5	58.1	58.7
Effect of dilutive stock options									0.8	0.7	0.9
Average diluted shares outstanding									59.3	58.8	59.6
Earnings per share - diluted:
Earnings Per Share, Basic	$ (1.11)	$ 1.09	$ 1.17	$ 0.95	$ 1.12	$ 0.98	$ 0.96	$ 0.88	$ 2.10	$ 3.94	$ 3.28
Earnings Per Share, Diluted	$ (1.08)	$ 1.07	$ 1.15	$ 0.93	$ 1.10	$ 0.97	$ 0.95	$ 0.87	$ 2.07	$ 3.89	$ 3.23

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Nature Of Operations And Significant Accounting Policies (Summary Of Allowance For Doubtful Accounts) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	$ 4.7	$ 4.9	$ 4.8
Provision for Loan, Lease, and Other Losses	6.1	3.0	3.7
Financing Receivable, Allowance for Credit Losses, Write-downs	(3.5)	(3.2)	(3.6)
Balance at end of year	$ 7.3	$ 4.7	$ 4.9

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Nature Of Operations And Significant Accounting Policies (Summary Of Inventories) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
excessandobsoleteinventoryreserve	$ 54.1	$ 48.5
Finished goods	97.7	102.3
Finished parts and subassemblies	38.2	46.9
Work in process	56.0	60.7
Raw materials	150.6	167.0
Total inventories	$ 342.5	$ 376.9

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Nature Of Operations And Significant Accounting Policies (Summary Of Property, Plant And Equipment, Net) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Land	$ 66.6	$ 68.8
Buildings and improvements	193.5	174.7
Machinery and equipment	566.8	566.0
Gross property, plant and equipment	826.9	809.5
Less: accumulated depreciation	548.0	533.5
Property, plant and equipment, net	$ 278.9	$ 276.0

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Nature Of Operations And Significant Accounting Policies (Schedule Of Changes To Goodwill) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Goodwill [Line Items]
Balance at beginning of period	$ 1,167.9	$ 1,191.3
Currency translation	(18.7)	(23.4)
Balance at end of period	1,149.2	1,167.9
Fluid Handling [Member]
Goodwill [Line Items]
Balance at beginning of period	218.7	227.3
Currency translation	(6.4)	(8.6)
Balance at end of period	212.3	218.7
Payment and Merchandising Technologies [Member]
Goodwill [Line Items]
Balance at beginning of period	575.2	589.9
Currency translation	(11.9)	(14.7)
Balance at end of period	563.3	575.2
Aerospace And Electronics [Member]
Goodwill [Line Items]
Balance at beginning of period	202.6	202.7
Currency translation	(0.3)	(0.1)
Balance at end of period	202.3	202.6
Engineered Materials [Member]
Goodwill [Line Items]
Balance at beginning of period	171.4	171.5
Currency translation	(0.1)	(0.1)
Balance at end of period	$ 171.3	$ 171.4

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Nature Of Operations And Significant Accounting Policies (Schedule Of Changes To Intangible Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 28.7
Balance at beginning of period, net of accumulated amortization	317.1	$ 353.5	$ 408.9
Amortization expense	(30.7)	(31.5)	(37.9)
Finite-Lived Intangible Assets, Translation Adjustments	(4.2)	(4.9)	(17.5)
Balance at end of period, net of accumulated amortization	282.2	$ 317.1	$ 353.5
Finite-Lived Intangible Assets, Amortization Expense, Year Two	26.1
Finite-Lived Intangible Assets, Amortization Expense, Year Three	23.4
Finite-Lived Intangible Assets, Amortization Expense, Year Four	20.3
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	$ 156.7

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Nature Of Operations And Significant Accounting Policies (Summary Of Intangible Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	$ 156.7
Weighted Average Amortization Period of Finite Lived Assets (in years)	16 years
Gross Asset	$ 546.7	$ 556.9
Accumulated Amortization	264.5	239.8
Finite-Lived Intangible Assets, Net	$ 282.2	317.1	$ 353.5	$ 408.9
Intellectual property rights [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period of Finite Lived Assets (in years)	16 years 4 months 24 days
Gross Asset	$ 86.4	88.3
Accumulated Amortization	52.1	51.4
Finite-Lived Intangible Assets, Net	$ 34.3	36.9
Customer relationships and backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period of Finite Lived Assets (in years)	15 years 8 months 12 days
Gross Asset	$ 388.9	395.7
Accumulated Amortization	153.4	132.9
Finite-Lived Intangible Assets, Net	$ 235.5	262.8
Drawings [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period of Finite Lived Assets (in years)	37 years 10 months 24 days
Gross Asset	$ 11.1	11.1
Accumulated Amortization	10.3	10.1
Finite-Lived Intangible Assets, Net	$ 0.8	1.1
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period of Finite Lived Assets (in years)	13 years
Gross Asset	$ 60.3	61.8
Accumulated Amortization	48.7	45.4
Finite-Lived Intangible Assets, Net	$ 11.6	$ 16.4

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Nature Of Operations And Significant Accounting Policies (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 31, 2012				$ (376.7)				$ (298.8)	$ (376.7)	$ (298.8)
Other comprehensive loss before reclassifications									(106.5)	(85.9)
Amounts reclassified from accumulated other comprehensive loss									7.1	7.9
Net current-period other comprehensive loss									(99.4)	(78.0)
Balance as of December 31, 2013	$ (476.1)				$ (376.7)				(476.1)	(376.7)	$ (298.8)
Tax benefit									(119.8)	0.0	0.0
Cost of sales	433.9	$ 449.2	$ 449.1	426.1	441.7	$ 431.7	$ 470.7	442.0	1,758.3	1,786.1	1,908.7
Acquisition integration related charges									597.0	566.5	605.2
Income before income taxes									164.1	336.5	281.2
Provision (benefit) for income taxes									(40.3)	(106.5)	(87.6)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 31, 2012				(266.2)				(257.8)	(266.2)	(257.8)
Other comprehensive loss before reclassifications									(42.3)	(16.3)
Amounts reclassified from accumulated other comprehensive loss									7.1	7.9
Net current-period other comprehensive loss									(35.2)	(8.4)
Balance as of December 31, 2013	(301.3)				(266.2)				(301.3)	(266.2)	(257.8)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 31, 2012				$ (110.6)				$ (41.0)	(110.6)	(41.0)
Other comprehensive loss before reclassifications									(64.2)	(69.6)
Amounts reclassified from accumulated other comprehensive loss									0.0	0.0
Net current-period other comprehensive loss									(64.2)	(69.6)
Balance as of December 31, 2013	$ (174.8)				$ (110.6)				(174.8)	(110.6)	(41.0)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Income before income taxes									10.2	11.3
Provision (benefit) for income taxes									(3.1)	(3.4)
Income from continuing operations									7.1	7.9
Pension Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)									(0.6)	(0.4)	0.1
Defined Benefit Plan, Amortization of Gains (Losses)									(11.3)	(12.3)	$ (5.1)
Pension Benefits [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Prior service costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)									(0.6)	(0.4)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cost of sales									0.0	0.0
Acquisition integration related charges									0.0	0.0
Pension Benefits [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Net loss (gain) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Defined Benefit Plan, Amortization of Gains (Losses)									11.3	12.3
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cost of sales									0.0	0.0
Acquisition integration related charges									0.0	0.0
Postretirement Benefits [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Prior service costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit									(0.2)	(0.2)
Postretirement Benefits [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Net loss (gain) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
us-gaap_PostretirementPlanAmortizationOfGainsLosses									$ (0.3)	$ (0.4)

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Nature Of Operations And Significant Accounting Policies Recently Adopted Accounting Pronouncements (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other Assets, Noncurrent	$ 95.0	$ 101.3
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets		(4.7)
Assets	3,428.0	3,336.9	$ 3,445.5
Long-term Debt, Excluding Current Maturities	745.3	744.6
Liabilities and Equity	$ 3,428.0	$ 3,336.9

XML 61 R46.htm IDEA: XBRL DOCUMENT

Amount of cumulative effect of the change in accounting principle or new accounting pronouncement on retained earnings or other components of equity or net assets in the statement of financial position as of the beginning of the earliest period presented.

+ References + Details

Nature Of Operations And Significant Accounting Policies Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill [Line Items]
Goodwill	$ 1,149.2	$ 1,167.9	$ 1,191.3
Goodwill, Foreign Currency Translation Gain (Loss)	(18.7)	(23.4)
Fluid Handling [Member]
Goodwill [Line Items]
Goodwill	212.3	218.7	227.3
Goodwill, Foreign Currency Translation Gain (Loss)	(6.4)	(8.6)
Payment and Merchandising Technologies [Member]
Goodwill [Line Items]
Goodwill	563.3	575.2	589.9
Goodwill, Foreign Currency Translation Gain (Loss)	(11.9)	(14.7)
Aerospace And Electronics [Member]
Goodwill [Line Items]
Goodwill	202.3	202.6	202.7
Goodwill, Foreign Currency Translation Gain (Loss)	(0.3)	(0.1)
Engineered Materials [Member]
Goodwill [Line Items]
Goodwill	171.3	171.4	$ 171.5
Goodwill, Foreign Currency Translation Gain (Loss)	$ (0.1)	$ (0.1)

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Income Taxes (Schedule Of Income Before Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
U.S. operations	$ 63.5	$ 261.9	$ 141.8
Non-U.S. operations	100.6	74.6	139.4
Income before income taxes	$ 164.1	$ 336.5	$ 281.2

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Income Taxes (Schedule Of Provision For Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Current, U.S. federal tax	$ 38.7	$ 43.0	$ 14.0
Current, state and local tax	5.1	5.4	2.6
Current, Non-U.S. tax	21.6	18.4	33.1
Total current	65.4	66.8	49.7
Deferred, U.S. federal tax	(28.0)	36.5	30.1
Deferred, U.S. state and local tax	1.5	(0.4)	1.3
Deferred, Non-U.S. tax	1.4	3.6	6.5
Total deferred	(25.1)	39.7	37.9	$ 37.9
Total provision for income taxes	$ 40.3	$ 106.5	$ 87.6

XML 64 R49.htm IDEA: XBRL DOCUMENT

Income Taxes (Reconciliation Of The Statutory U.S. Federal Rate To The Effective Tax Rate) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Statutory U.S. federal tax rate	35.00%	35.00%	35.00%
Non-U.S. taxes	(7.40%)	(2.00%)	(4.00%)
Repatriation of non-U.S. earnings, net of credits	(1.00%)	(0.00%)	(0.10%)
State and local taxes, net of federal benefit	3.10%	1.30%	1.30%
U.S. research and development tax credit	(3.20%)	(0.90%)	(1.00%)
U.S. domestic manufacturing deduction	(3.20%)	(1.30%)	(0.70%)
Other	1.30%	(0.40%)	0.50%
Effective tax rate	24.60%	31.70%	31.20%

XML 65 R50.htm IDEA: XBRL DOCUMENT

Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Asbestos-related liabilities	$ 215,400	$ 162,700
Tax loss and credit carryforwards	101,300	105,600
Pension and post-retirement benefits	74,300	69,100
Inventories	25,000	23,500
Accrued bonus and stock-based compensation	16,900	17,100
Environmental reserves	12,300	16,000
Other	36,700	55,300
Total	481,900	449,300
Less: valuation allowance on non-U.S. and state deferred tax assets, tax loss and credit carryforwards	148,200	145,900
Total deferred tax assets, net	333,700	303,400
Basis difference in intangible assets	(147,200)	(142,200)
Basis difference in fixed assets	(17,600)	(21,500)
Total deferred tax liabilities	(164,800)	(163,700)
Net deferred tax asset	168,900	139,700
Current deferred tax assets	29,600	27,500
Long-term deferred tax assets	181,800	162,400
Accrued liabilities	(100)	(200)
Long-term deferred tax liability	$ (42,400)	$ (50,000)

XML 66 R51.htm IDEA: XBRL DOCUMENT

Income Taxes (Summary Of Tax Loss And Tax Credit Carryforwards) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Tax Credit Carryforward [Line Items]
Deferred tax asset on tax carryforwards	$ 101,300	$ 105,600
Valuation Allowance, Amount	(148,200)	$ (145,900)
Tax Loss and Credit Carryforwards [Member]
Tax Credit Carryforward [Line Items]
Deferred tax asset on tax carryforwards	101,300
Valuation Allowance, Amount	(96,500)
Net deferred tax asset on tax carryforwards	4,800
U.S. Federal Tax Credits [Member]
Tax Credit Carryforward [Line Items]
2016-2020	18,500
After 2020	1,500
Indefinite	0
Total tax carryforwards	20,000
Deferred tax asset on tax carryforwards	20,000
Valuation Allowance, Amount	(20,000)
Net deferred tax asset on tax carryforwards	0
U.S Federal Tax Losses [Member]
Tax Credit Carryforward [Line Items]
2016-2020	200
After 2020	1,000
Total tax carryforwards	1,200
Deferred tax asset on tax carryforwards	500
Valuation Allowance, Amount	(400)
Net deferred tax asset on tax carryforwards	100
U.S. State Tax Credits [Member]
Tax Credit Carryforward [Line Items]
2016-2020	4,000
After 2020	2,000
Indefinite	20,000
Total tax carryforwards	26,000
Deferred tax asset on tax carryforwards	17,000
Valuation Allowance, Amount	(16,300)
Net deferred tax asset on tax carryforwards	700
U.S. State Tax Losses [Member]
Tax Credit Carryforward [Line Items]
2016-2020	33,500
After 2020	824,500
Total tax carryforwards	858,000
Deferred tax asset on tax carryforwards	38,100
Valuation Allowance, Amount	(37,500)
Net deferred tax asset on tax carryforwards	600
Non-U.S. Tax Losses [Member]
Tax Credit Carryforward [Line Items]
2016-2020	49,800
After 2020	9,200
Indefinite	89,900
Total tax carryforwards	148,900
Deferred tax asset on tax carryforwards	25,700
Valuation Allowance, Amount	(22,300)
Net deferred tax asset on tax carryforwards	$ 3,400

XML 67 R52.htm IDEA: XBRL DOCUMENT

Income Taxes (Schedule Of Gross Unrecognized Tax Benefits Reconciliation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Undistributed Earnings of Foreign Subsidiaries	$ 725.0
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance of liability as of January 1	46.5	$ 45.2	$ 40.7	$ 31.4
Increase as a result of tax positions taken during a prior year	0.5	1.5	2.0
Decrease as a result of tax positions taken during a prior year	(7.3)	(2.1)	(1.2)
Increase as a result of tax positions taken during the current year	10.3	9.2	11.2
Decrease as a result of settlements with taxing authorities	(1.2)	0.0	(1.1)
Reduction as a result of a lapse of the statute of limitations	(1.0)	(4.1)	(1.6)
Balance of liability as of December 31	$ 46.5	$ 45.2	$ 40.7	$ 31.4

XML 68 R53.htm IDEA: XBRL DOCUMENT

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Undistributed Earnings of Foreign Subsidiaries	$ 725,000
Cash held by non-US subsidiaries	464,000	$ 358,000
Income tax benefits attributable to equity-based compensation	(400)	(1,600)	$ (7,700)
Tax expense/(benefit) related to changes in pension and post-retirement plan assets and benefit obligations	(8,400)	4,600	(61,100)
Unrealized tax asset on related tax loss	96,500	98,700
Valuation allowance against U.S. and non-U.S. deferred tax assets	51,700	47,200
Total valuation allowance	148,200	145,900
Increase in total amount of unrecognized tax benefits that would impact effective tax rate	47,600	46,600	42,200
Interest expense and penalties, related to unrecognized tax benefits	400	1,100	$ 700
Unrecognized tax benefits, income tax penalties and interest accrued	6,200	$ 5,800
Change in unrecognized tax benefits is reasonably possible, amount of unrecorded benefit	$ 7,800

XML 69 R54.htm IDEA: XBRL DOCUMENT

Accrued Liabilities (Schedule Of Accrued Liabilities) (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure Accrued Liabilities Schedule Of Accrued Liabilities [Abstract]
Employee related expenses	$ 95.4	$ 83.1
Warranty	15.5	15.1	$ 15.5
Customer Advances, Current	19.0	29.1
Other	93.2	91.3
Total	$ 223.1	$ 218.6

XML 70 R55.htm IDEA: XBRL DOCUMENT

Accrued Liabilities (Summary Of Warranty Liabilities) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Disclosure Accrued Liabilities Summary Of Warranty Liabilities [Abstract]
Balance at beginning of period	$ 15.1	$ 15.5
Expense	14.5	12.1
Payments / deductions	(13.4)	(12.7)
Currency translation	(0.7)	0.2
Balance at end of period	$ 15.5	$ 15.1

XML 71 R56.htm IDEA: XBRL DOCUMENT

Other Liabilities (Schedule Of Other Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Other Liabilities [Abstract]
Environmental	$ 34.0	$ 48.9
Other	65.8	63.9
Total other liabilities	$ 99.8	$ 112.8

XML 72 R57.htm IDEA: XBRL DOCUMENT

Research And Development (Details) - USD ($) $ in Millions	12 Months Ended
Research And Development (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Research and Development [Abstract]
Research and development costs	$ 61.5	$ 62.8	$ 68.0

XML 73 R58.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Qualifying employees receive additional contribution, percentage	3.00%
Percentage of non-matching contribution to participants	3.00%
postretirementgainpretax	$ 0.2	$ 0.3
gaap_PostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent	8.1	8.7
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated net gain/loss that will be amortized from accumulated other comprehensive income into net periodic benefit cost	8.0
Estimated net gain/loss that will be amortized from accumulated other compreshensive income into net peridoic benefit cost, prior service cost	0.3
Expected cash contribution based on current actuarial calculations in 2012	12.0
Defined benefit plans contribution by the company	$ 8.3	$ 17.0
Equity securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	47.00%	49.00%
Target plan asset allocation range minimum	35.00%
Target plan asset allocation range maximum	75.00%
Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	23.00%	26.00%
Target plan asset allocation range minimum	20.00%
Target plan asset allocation range maximum	50.00%
Alternative assets/Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	28.00%	24.00%
Target plan asset allocation range minimum	0.00%
Target plan asset allocation range maximum	35.00%
Money market [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	2.00%	1.00%
Target plan asset allocation range minimum	0.00%
Target plan asset allocation range maximum	10.00%
Common Stock [Member] \| Equity securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	5.00%
Money Purchase Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plans contribution by the company			$ 1.1
Savings And Investment Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plans contribution by the company	$ 8.0	$ 7.9	6.9
2% Non-Matching Contribution [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plans contribution by the company	$ 10.7	$ 8.7	$ 3.5
Non-U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan employees, percentage	11.00%
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan employees, percentage	18.00%
Expected rate of return on assets assumption reflected as a long-term asset allocation	7.75%
U.S. [Member] \| Equity securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	58.00%
U.S. [Member] \| Equity securities [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected rate of return on assets assumption reflected as a long-term asset allocation	25.00%
U.S. [Member] \| Equity securities [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected rate of return on assets assumption reflected as a long-term asset allocation	75.00%
U.S. [Member] \| Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	15.00%
U.S. [Member] \| Fixed income securities [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected rate of return on assets assumption reflected as a long-term asset allocation	15.00%
U.S. [Member] \| Alternative assets/Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	24.00%
U.S. [Member] \| Alternative assets/Other [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected rate of return on assets assumption reflected as a long-term asset allocation	10.00%
U.S. [Member] \| Alternative assets/Other [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected rate of return on assets assumption reflected as a long-term asset allocation	35.00%
U.S. [Member] \| Cash [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	0.00%
U.S. [Member] \| Cash [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	10.00%
U.S. [Member] \| Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	3.00%
North America [Member] \| Fixed income securities [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected rate of return on assets assumption reflected as a long-term asset allocation	35.00%
Non-U.S. [Member] \| Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected rate of return on assets assumption reflected as a long-term asset allocation	6.77%	6.94%	7.01%
Non-U.S. [Member] \| Equity securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage	36.00%
Non-U.S. [Member] \| Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage		30.00%
Non-U.S. [Member] \| Alternative assets/Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage		33.00%
Non-U.S. [Member] \| Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Actual asset allocation, percentage		1.00%

XML 74 R59.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Summary Of Benefit Obligations, Fair Value Of Plan Assets And Funded Status) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Change in plan assets, Fair value of plan assets at beginning of year	$ 816.5
Change in plan assets, Fair value of plan assets at end of year	808.5	$ 816.5
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Change in benefit obligation Beginning of year	988.0	1,093.2
Change in benefit obligation, Service cost	4.7	5.2	$ 4.9
Change in benefit obligation, Interest cost	31.8	37.9	40.9
Change in benefit obligation, Plan participants' contributions	0.5	0.5
Change in benefit obligation, Amendments	0.4	(18.2)
Change in benefit obligation, Actuarial loss	88.4	(60.3)
Change in benefit obligation, Settlement	(1.7)	(2.8)
Change in benefits paid	(42.4)	(41.4)
Change in benefit obligation, Foreign currency exchange impact	(65.1)	(25.5)
Change in benefit obligation, Acquisition/divestitures/curtailment	0.0	(0.3)
Change in benefit obligation, Adjustment for expenses/tax contained in service cost	(0.6)	(0.3)
Change in benefit obligation at end of year	1,004.0	988.0	1,093.2
Change in plan assets, Fair value of plan assets at beginning of year	816.5	874.6
Change in plan assets, Actual return on plan assets	87.4	(2.0)
Change in plan assets, Foreign currency exchange impact	(59.1)	(28.5)
Change in plan assets, Employer contributions	8.3	17.0
Change in plan assets, Acquisition/transferred asset	(1.0)	(0.9)
Change in plan assets, Plan participants' contributions	0.5	0.5
Change in plan assets, Settlement	(1.7)	(2.8)
Change in plan assets, Fair value of plan assets at end of year	808.5	816.5	$ 874.6
Change in plan assets, Funded status	$ (195.5)	$ (171.5)

XML 75 R60.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Schedule Of Amounts Recognized In Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Accrued pension and postretirement benefits	$ (249.1)	$ (235.4)
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Other assets	46.0	56.3
Current liabilities	(1.2)	(1.1)
Accrued pension and postretirement benefits	(240.3)	(226.7)
Amounts recognized in the Consolidated Balance Sheets	$ (195.5)	$ (171.5)

XML 76 R61.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Schedule Of Amounts Recognized In Accumulated Other Comprehensive (Income) Loss) (Details) - Pension Benefits [Member] - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	$ 373.2	$ 347.4
Prior service cost (credit)	(10.1)	(11.6)
Amounts recognized in accumulated other comprehensive (income) loss total	$ 363.1	$ 335.8

XML 77 R62.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Schedule Of Accumulated And Projected Benefit Obligations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 808.5	$ 816.5
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	1,004.0	988.0	$ 1,093.2
Accumulated benefit obligation	996.7	980.9
Fair value of plan assets	808.5	816.5	$ 874.6
United States Pension Plan of US Entity [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	545.8	548.5
Accumulated benefit obligation	545.8	548.4
Fair value of plan assets	379.8	380.2
Foreign Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	458.2	439.5
Accumulated benefit obligation	450.9	432.5
Fair value of plan assets	$ 428.7	$ 436.3
United States Pension Plan of US Entity [Member] \| Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.41%	4.10%	4.90%
Expected rate of return on plan assets	7.75%	7.75%	7.75%
Foreign Pension Plan [Member] \| Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.29%	3.30%	3.01%
Rate of compensation increase	2.85%	2.81%	2.40%
Discount rate	3.30%	3.01%	4.05%
Expected rate of return on plan assets	6.77%	6.94%	7.01%
Rate of compensation increase	2.81%	2.40%	2.56%

XML 78 R63.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Schedule Of Information For Pension Plans With An Accumulated Benefit Obligation In Excess Of Plan Assets) (Details) - Pension Benefits [Member] - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 834.8	$ 791.5
Accumulated benefit obligation	827.8	785.0
Fair value of plan assets	$ 593.3	$ 563.9

XML 79 R64.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Components Of Net Periodic Benefits Cost) (Details) - Pension Benefits [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4.7	$ 5.2	$ 4.9
Interest cost	31.8	37.9	40.9
Expected return on plan assets	(56.1)	(62.0)	(62.5)
Amortization of prior service cost	(0.6)	(0.4)	0.1
Amortization of net (gain) loss	11.3	12.3	5.1
Recognized Curtailments Gain/(Loss)	0.0	(5.2)	0.0
Settlement costs	0.0	0.8	0.0
Net periodic benefit cost	$ (8.9)	$ (11.4)	$ (11.5)

XML 80 R65.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Schedule Of Weighted Average Assumptions Used To Determine Benefit Obligation) (Details) - Pension Benefits [Member]	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.29%	4.41%	4.10%
Non-U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.29%	3.30%	3.01%
Rate of compensation increase	2.85%	2.81%	2.40%

XML 81 R66.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Schedule Of Weighted Average Assumptions Used To Determine Net Periodic Benefit Cost) (Details) - Pension Benefits [Member]	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.41%	4.10%	4.90%
Expected rate of return on plan assets	7.75%	7.75%	7.75%
Non-U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.30%	3.01%	4.05%
Expected rate of return on plan assets	6.77%	6.94%	7.01%
Rate of compensation increase	2.81%	2.40%	2.56%

XML 82 R67.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Schedule Of Pension Plan Target Allocations And Weighted-Average Asset Allocations By Asset Category) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Equity securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	75.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	35.00%
Actual asset allocation, percentage	47.00%	49.00%
DefinedBenefitPlantargetallocationrange	35%-75%
Fixed income securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	50.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	20.00%
Actual asset allocation, percentage	23.00%	26.00%
DefinedBenefitPlantargetallocationrange	20%-50%
Alternative assets/Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	35.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	0.00%
Actual asset allocation, percentage	28.00%	24.00%
DefinedBenefitPlantargetallocationrange	0%-35%
Money market [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	10.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	0.00%
Actual asset allocation, percentage	2.00%	1.00%
DefinedBenefitPlantargetallocationrange	0%-10%

XML 83 R68.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Schedule Of Fair Value Of Company Pension Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 808.5	$ 816.5
Quoted Prices In Active Markets For Identical Assets Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	128.1	139.4
Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	45.3	47.1
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	21.7	19.0
NAV Practical Expedient	613.4	611.0
Cash and Money Markets [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	16.1	4.9
Cash and Money Markets [Member] \| Quoted Prices In Active Markets For Identical Assets Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	16.1	4.9
Common Stocks Actively Managed U.S. Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	112.0	134.5
Common Stocks Actively Managed U.S. Equities [Member] \| Quoted Prices In Active Markets For Identical Assets Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	112.0	134.5
Fixed Income Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	44.3	46.1
Fixed Income Investments [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	44.3	46.1
U.S. Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	62.3	49.9
NAV Practical Expedient	62.3	49.9
U.S. Equity Funds [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.0	0.0
Non-U.S. Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	201.9	218.6
NAV Practical Expedient	201.9	218.6
Non-U.S. Equity Funds [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.0	0.0
U.S. Fixed Income, Government and Corporate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	12.4	11.5
NAV Practical Expedient	12.4	11.5
U.S. Fixed Income, Government and Corporate [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.0	0.0
Non-U.S. Fixed Income, Government And Corporate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	165.3	157.2
NAV Practical Expedient	165.3	157.2
Non-U.S. Fixed Income, Government And Corporate [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.0	0.0
International Balanced Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	10.1	10.1
NAV Practical Expedient	10.1	10.1
International Balanced Funds [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.0	0.0
CollectiveTrust [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	39.1
NAV Practical Expedient	17.4	17.1
CollectiveTrust [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.0
CollectiveTrust [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	21.7	19.0
collectivetrustfund [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value		36.1
Hedge Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value		102.3
NAV Practical Expedient	106.4	102.3
Hedge Funds [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.0	0.0
International Property Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	106.4	44.3
International Property Funds [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	0.0	0.0
Commodities Fund [Member] [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	37.6
Commodities Fund [Member] [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
NAV Practical Expedient	37.6	44.3
Annuity Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	1.0	1.0
Annuity Contract [Member] \| Significant Other Observable Inputs Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Fair Value	$ 1.0	$ 1.0

XML 84 R69.htm IDEA: XBRL DOCUMENT

Pension And Postretirement Benefits (Summary Of Estimated Future Benefit Payments) (Details) - Pension Benefits [Member] $ in Millions	Dec. 31, 2016 USD ($)
Defined Benefit Plan Disclosure [Line Items]
2014	$ 39.6
2015	41.2
2016	42.1
2017	44.3
2018	46.0
2019-2023	255.0
Total payments	$ 468.2

XML 85 R70.htm IDEA: XBRL DOCUMENT

Long-Term Debt And Notes Payable (Components Of Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 745.3	$ 744.6
Short-term borrowings	0.0	49.6
2.75% Notes Due 2018 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	250.0	250.0
Long-term Debt, Excluding Current Maturities	249.2	248.8
Amortization of Debt Issuance Costs	(0.8)	(1.2)
4.45% Notes Due 2023 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	300.0	300.0
Long-term Debt, Excluding Current Maturities	298.1	297.9
Amortization of Debt Issuance Costs	(1.9)	(2.1)
6.55% Notes Due 2036 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	200.0	200.0
Long-term Debt, Excluding Current Maturities	198.0	197.9
Amortization of Debt Issuance Costs	(1.3)	(1.4)
Debt Instrument, Unamortized Discount	(0.7)	(0.7)
Commercial Paper [Member]
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	0.0	49.0
Other Liabilities [Member]
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 0.0	$ 0.6

XML 86 R71.htm IDEA: XBRL DOCUMENT

Long-Term Debt And Notes Payable (Narrative) (Details) - USD ($)	1 Months Ended		9 Months Ended	12 Months Ended
	Dec. 31, 2013	Nov. 30, 2006	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Mar. 31, 2013	May 31, 2012	Sep. 30, 2003
Debt Instrument [Line Items]
Line of credit facility, amended maximum borrowing capacity						$ 500,000,000	$ 300,000,000
Long-term debt				$ 745,300,000	$ 744,600,000
Total debt to capitalization ratio				0.40
Standby letters of credit				$ 24,000,000
Uncommitted letter of credit reimbursement agreement				48,000,000
Long-term Commercial Paper			$ 500,000,000
number of days to maturity			397
4.45% Notes Due 2023 [Member]
Debt Instrument [Line Items]
Notes issued, term	10 years
Notes issued	$ 300,000,000
Debt instrument interest rate					4.45%
Long-term debt				$ 298,100,000	$ 297,900,000
Percentage of principal amount Company may be required to buy back at	101.00%
Annualized interest rate including debt issuance cost amortization				4.56%
2.75% Notes Due 2018 [Member]
Debt Instrument [Line Items]
Notes issued	$ 250,000,000
Debt instrument interest rate					2.75%
Long-term debt				$ 249,200,000	$ 248,800,000
Percentage of principal amount Company may be required to buy back at	101.00%
Annualized interest rate including debt issuance cost amortization				2.92%
5.50% Notes Due 2013 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate								5.50%
6.55% Notes Due 2036 [Member]
Debt Instrument [Line Items]
Notes issued, term		30 years
Notes issued		$ 200,000,000
Debt instrument interest rate		6.55%
Long-term debt				$ 198,000,000	197,900,000
Percentage of principal amount Company may be required to buy back at		101.00%
Annualized interest rate including debt issuance cost amortization				6.67%
Commercial Paper [Member]
Debt Instrument [Line Items]
Long-term debt				$ 0	$ 49,000,000
London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				1.05%
London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				1.475%
Federal Funds Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%
Adjusted London Interbank Offered Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				1.00%
Adjusted London Interbank Offered Rate [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.05%
Adjusted London Interbank Offered Rate [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.475%

XML 87 R72.htm IDEA: XBRL DOCUMENT

Long-Term Debt And Notes Payable (Capitalization Of Long-Term Debt) (Details) $ in Millions	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Debt Disclosure [Abstract]
Short-term borrowings	$ 0.0	$ 49.6
Long-term debt	745.3	744.6
Total indebtedness	745.3
Total shareholders' equity	1,133.8	$ 1,139.4
Capitalization	$ 1,879.1
Total indebtedness to capitalization	0.40

XML 88 R73.htm IDEA: XBRL DOCUMENT

Fair Value Of Financial Instruments (Summary Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives - foreign exchange contracts, Liabilities	$ 0.1	$ 0.4
Estimated fair value of long-term debt	$ 801.8	$ 791.1

XML 89 R74.htm IDEA: XBRL DOCUMENT

Derivative Instruments And Hedging Activities (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2013
Disclosure Derivative Instruments And Hedging Activities Narrative [Abstract]
Derivative, Notional Amount	$ 8.0	$ 38.0
Net cash outflow/inflow from settlement of derivative contracts	0.0	(13.6)	$ (16.0)
Derivative Liability	$ 0.1	$ 0.4

XML 90 R75.htm IDEA: XBRL DOCUMENT

Commitments And Contingencies (Leases) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2013	Sep. 30, 2014	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Operating Leases, 2014	$ 17.1
Operating Leases, 2013	13.8
Operating Leases, 2014	8.3
Operating Leases, 2015	5.5
Operating Leases, 2019	4.1
Operating Leases, Thereafter	14.9
Operating Leases, Future Minimum Payments Due, Total	63.7
Rental expense	$ 0.0	$ 0.0	$ 0.0
Airplane Operating Lease Period Years		5
Residual value guarantee liability				$ 7.8
Fair Value Of Residual Value Guarantee, Fair Value of Operating Lease Asset Threshold				$ 9.5
ResidualValueGuaranteePayment					$ 9.5

XML 91 R76.htm IDEA: XBRL DOCUMENT

Commitments And Contingencies (Asbestos Liability) (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2016 USD ($) Claim	Dec. 31, 2016 USD ($) Claim	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Oct. 06, 2016 USD ($)	Apr. 22, 2016 USD ($)	Feb. 09, 2016 USD ($)	Dec. 31, 2015	Dec. 31, 2015 Claim	Aug. 21, 2015 USD ($)	Jul. 02, 2015 USD ($)	Jun. 16, 2014 USD ($)	Sep. 17, 2013 USD ($)	Sep. 11, 2013 USD ($)	Jul. 31, 2013 USD ($)	Mar. 01, 2013 USD ($)	Feb. 25, 2013 USD ($)	Nov. 28, 2012 USD ($)	Oct. 23, 2012 USD ($)	Mar. 09, 2012	Aug. 17, 2011 USD ($)	Feb. 23, 2011 USD ($)	Mar. 23, 2010 USD ($)
Loss Contingencies [Line Items]
Pre-tax cash payments		$ 56,000,000	$ 49,900,000		$ 61,300,000
Current portion of total estimated liability	$ 71,000,000	$ 71,000,000	75,000,000
Asbestos Commitments And Contingencies [Member]
Loss Contingencies [Line Items]
Pending claims	36,052	36,052		47,507	51,490				41,090	36,052
Gross Settlement And Defense Incurred Costs		$ 73,500,000	69,400,000	$ 81,100,000
Number of coverage-in-place agreements with excess insurer groups	11	11
Number of buyout agreements with excess insurer groups	10	10
Pre-tax cash payments		$ 56,000,000	49,900,000	61,300,000
Cumulative claims resolved \| Claim	124,000	124,000
Settlement cost	$ 483,000,000	$ 483,000,000
Average settlement cost per resolved claim		3,900	$ 3,100	$ 3,800
Cumulative average settlement cost per resolved claim	3,900	3,900
Estimated payments to current and future claimants	36,000,000,000	$ 36,000,000,000
Additional liability	$ 227,000,000
Percentage of mesothelioma claims of total pending asbestos claims	10.00%	10.00%
Percentage of mesothelioma claims of aggregate settlement and defense costs	90.00%	90.00%
Liability for claims	$ 696,000,000	$ 696,000,000
Percentage Of Asbestos Liability Attributable To Settlement And Denfese Costs For Future Claims	80.00%	80.00%
Current portion of total estimated liability	$ 71,000,000	$ 71,000,000
Insurance reimbursement asset	$ 143,000,000	$ 143,000,000
Forecasted liability reimbursement rate	21.00%	21.00%
Aggregate value of policy buyout agreements	$ 82,500,000	$ 82,500,000
Asbestos Commitments And Contingencies [Member] \| New York [Member]
Loss Contingencies [Line Items]
Pending claims \| Claim										18,300
Asbestos Commitments And Contingencies [Member] \| Mississippi [Member]
Loss Contingencies [Line Items]
Pending claims \| Claim										4,800
Asbestos Commitments And Contingencies [Member] \| Texas [Member]
Loss Contingencies [Line Items]
Pending claims \| Claim										1,000
Asbestos Commitments And Contingencies [Member] \| Ohio [Member]
Loss Contingencies [Line Items]
Pending claims \| Claim										200
Asbestos Commitments And Contingencies [Member] \| Ivan Sweberg [Member]
Loss Contingencies [Line Items]
Jury Verdict Total													$ 15,000,000
Court_Reduced_Verdict													10,000,000
Court judgment													5,300,000
Court Judgment Including Set-offs						$ 4,730,000
Asbestos Commitments And Contingencies [Member] \| Selwyn Hackshaw [Member]
Loss Contingencies [Line Items]
Jury Verdict Total													10,000,000
Court_Reduced_Verdict													6,000,000
Court judgment													$ 3,100,000
Court Judgment Including Set-offs						0
Asbestos Commitments And Contingencies [Member] \| James Nelson [Member]
Loss Contingencies [Line Items]
Share of responsibility of verdict																								9.09%
Jury verdict																								$ 14,500,000
Court judgment against all parties held responsible																							$ 4,000,000
Additional interest on the compensation awarded																							$ 10,000
Asbestos Commitments And Contingencies [Member] \| Larry Bell [Member]
Loss Contingencies [Line Items]
Share of responsibility of verdict																								5.00%
Asbestos Commitments And Contingencies [Member] \| Ronald Dummitt [Member]
Loss Contingencies [Line Items]
Jury verdict percentage of responsibility																						99.00%
Jury verdict																						$ 32,000,000
Court judgment																						4,900,000
Court written decision																						$ 8,000,000
Asbestos Commitments And Contingencies [Member] \| Frank Paasch [Member]
Loss Contingencies [Line Items]
Share of responsibility of verdict																					12.50%
Asbestos Commitments And Contingencies [Member] \| Gerald Suttner [Member]
Loss Contingencies [Line Items]
Share of responsibility of verdict																				4.00%
Plaintiff's Damages																				$ 3,000,000
Court judgment																				$ 100,000
Asbestos Commitments And Contingencies [Member] \| James Hellam [Member]
Loss Contingencies [Line Items]
Share of responsibility of verdict																			7.00%
Jury Verdict Non-Economic Damages																			$ 4,500,000
Jury Verdict Economic Damages																			900,000
Court judgment																			1,282,000
Court Judgment Including Set-offs																			$ 1,100,000
DamagesReversedInPart											$ 20,000
Asbestos Commitments And Contingencies [Member] \| Thomas Amato [Member]
Loss Contingencies [Line Items]
Share of responsibility of verdict																		10.00%
Jury verdict																		$ 2,500,000
Asbestos Commitments And Contingencies [Member] \| Frank Vincinguerra [Member]
Loss Contingencies [Line Items]
Share of responsibility of verdict																		20.00%
Jury verdict																		$ 2,300,000
PaidJuryVerdict	$ 600,000
Asbestos Commitments And Contingencies [Member] \| Ivo Peraica [Member]
Loss Contingencies [Line Items]
Jury Verdict Total																	$ 35,000,000
Court_Reduced_Verdict																	18,000,000
Court judgment																	$ 10,600,000
Court Judgment Including Set-offs						$ 1,940,000
Asbestos Commitments And Contingencies [Member] \| Holdsworth [Member]
Loss Contingencies [Line Items]
Jury Verdict Total																$ 3,100,000
Court judgment																$ 1,700,000
Asbestos Commitments And Contingencies [Member] \| Lloyd Garvin [Member]
Loss Contingencies [Line Items]
Additional damages															$ 11,000,000
Court_Reduced_Verdict															2,500,000
Court Reduced damages															3,500,000
Court Judgment Including Set-offs															3,500,000
compensatory_damages															$ 11,000,000
Asbestos Commitments And Contingencies [Member] \| Richard DeLisle [Member]
Loss Contingencies [Line Items]
Share of responsibility of verdict														16.00%
Jury verdict														$ 8,000,000
Court judgment														$ 1,300,000
Asbestos Commitments And Contingencies [Member] \| James Poage [Member]
Loss Contingencies [Line Items]
Additional damages												$ 10,000,000
Court judgment												10,800,000
compensatory_damages												$ 1,500,000
Asbestos Commitments And Contingencies [Member] \| Valent Rabovsky [Member]
Loss Contingencies [Line Items]
Share of responsibility of verdict								30.00%
Jury Verdict Total								$ 1,085,000
Court judgment							$ 400,000

XML 92 R77.htm IDEA: XBRL DOCUMENT

Commitments And Contingencies (Schedule Of Activity Related To Asbestos Claims) (Details) - Asbestos Commitments And Contingencies [Member]	3 Months Ended	12 Months Ended
	Dec. 31, 2016 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2016 USD ($) Claim	Dec. 31, 2015	Dec. 31, 2014	Oct. 06, 2016 USD ($)	Sep. 30, 2016 USD ($)	Apr. 22, 2016 USD ($)	Feb. 09, 2016 USD ($)	Aug. 21, 2015 USD ($)	Jul. 02, 2015 USD ($)	Jun. 16, 2014 USD ($)	Sep. 17, 2013 USD ($)	Sep. 11, 2013 USD ($)	Jul. 31, 2013 USD ($)	Mar. 01, 2013 USD ($)	Feb. 25, 2013 USD ($)	Nov. 28, 2012 USD ($)	Oct. 23, 2012 USD ($)	Aug. 17, 2011 USD ($)	Feb. 23, 2011 USD ($)	Mar. 23, 2010 USD ($)
Loss Contingencies [Line Items]
Estimated Funds Available From Post Bankruptcy Trusts To Pay Current And Future Claimants	$ 36,000,000,000	$ 36,000,000,000	$ 36,000,000,000
Activity Related to Asbestos Claims [Roll Forward]
Beginning claims		41,090	36,052	47,507	51,490
New claims		2,826		2,572	2,743
Settlements		(924)		(954)	(992)
Dismissals		(6,940)		(8,035)	(5,734)
Ending claims	36,052	36,052		41,090	47,507
Increase In Total Asbestos Liability	$ 227,000,000
Mesothelioma Claims Percentage Pending Asbestos Claims	10.00%	10.00%	10.00%
Mesothelioma Claims Percentage Aggregate Settlement Defense Costs	90.00%	90.00%	90.00%
James Nelson [Member]
Loss Contingencies [Line Items]
Jury Verdict																						$ 14,500,000
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment Against All Parties Held Responsible																					$ 4,000,000
Additional Judgment Interest																					$ 10,000
Share Of Responsibility Of Verdict																						9.09%
Thomas Amato [Member]
Loss Contingencies [Line Items]
Jury Verdict																	$ 2,500,000
Activity Related to Asbestos Claims [Roll Forward]
Share Of Responsibility Of Verdict																	10.00%
Ronald Dummitt [Member]
Loss Contingencies [Line Items]
Jury Verdict																				$ 32,000,000
Activity Related to Asbestos Claims [Roll Forward]
Jury verdict percentage of responsibility.																				99.00%
Court written decision																				$ 8,000,000
Court Judgment																				$ 4,900,000
courtjudgmentwithinterest							$ 6,600,000
Gerald Suttner [Member]
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment																			$ 100,000
courtjudgmentwithinterest							$ 200,000
Share Of Responsibility Of Verdict																			4.00%
Plaintiff's Damages																			$ 3,000,000
James Hellam [Member]
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment																		$ 1,282,000
Share Of Responsibility Of Verdict																		7.00%
Jury Verdict Non-Economic Damages																		$ 4,500,000
Jury Verdict Economic Damages																		900,000
CourtJudgmentIncludingSetoffs																		$ 1,100,000
DamagesReversedInPart										$ 20,000
Frank Vincinguerra [Member]
Loss Contingencies [Line Items]
Jury Verdict																	$ 2,300,000
Activity Related to Asbestos Claims [Roll Forward]
Share Of Responsibility Of Verdict																	20.00%
Ivo Peraica [Member]
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment																$ 10,600,000
Reduced Damages						$ 4,250,000
CourtJudgmentIncludingSetoffs						1,940,000
Jury Verdict Total																35,000,000
Court_Reduced_Verdict																$ 18,000,000
Holdsworth [Member]
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment															$ 1,700,000
Jury Verdict Total															3,100,000
Motion to enter judgment															$ 1,000,000
Lloyd Garvin [Member]
Activity Related to Asbestos Claims [Roll Forward]
CourtJudgmentIncludingSetoffs														$ 3,500,000
Court_Reduced_Verdict														2,500,000
Court Reduced damages														3,500,000
compensatory_damages														11,000,000
Additional Damages														$ 11,000,000
Richard DeLisle [Member]
Loss Contingencies [Line Items]
Jury Verdict													$ 8,000,000
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment													$ 1,300,000
Share Of Responsibility Of Verdict													16.00%
Ivan Sweberg [Member]
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment												$ 5,300,000
Reduced Damages						9,500,000
CourtJudgmentIncludingSetoffs						4,730,000
Jury Verdict Total												15,000,000
Court_Reduced_Verdict												10,000,000
Selwyn Hackshaw [Member]
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment												3,100,000
Reduced Damages						3,000,000
CourtJudgmentIncludingSetoffs						$ 0
Jury Verdict Total												10,000,000
Court_Reduced_Verdict												$ 6,000,000
James Poage [Member]
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment											$ 10,800,000
compensatory_damages											1,500,000
Additional Damages											$ 10,000,000
Valent Rabovsky [Member]
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment								$ 400,000
Share Of Responsibility Of Verdict									30.00%
Jury Verdict Total									$ 1,085,000
George Coulbourn [Member]
Activity Related to Asbestos Claims [Roll Forward]
Court Judgment								$ 6,800,000
Share Of Responsibility Of Verdict								20.00%
Jury Verdict Total								$ 9,000,000
Court Reduced damages								$ 5,000,000
NEW YORK
Activity Related to Asbestos Claims [Roll Forward]
Beginning claims \| Claim			18,300
Ending claims \| Claim
TEXAS
Activity Related to Asbestos Claims [Roll Forward]
Beginning claims \| Claim			1,000
Ending claims \| Claim
MISSISSIPPI
Activity Related to Asbestos Claims [Roll Forward]
Beginning claims \| Claim			4,800
Ending claims \| Claim
OHIO
Activity Related to Asbestos Claims [Roll Forward]
Beginning claims \| Claim			200
Ending claims \| Claim

XML 93 R78.htm IDEA: XBRL DOCUMENT

Commitments And Contingencies (Schedule Of Gross Settlement And Defense Costs) (Details)	12 Months Ended
	Dec. 31, 2016 USD ($) Claim	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Loss Contingencies [Line Items]
Payments Or Receipts For Asbestos Related Fees And Costs Net Of Insurance Recoveries	$ 56,000,000	$ 49,900,000		$ 61,300,000
Asbestos Commitments And Contingencies [Member]
Loss Contingencies [Line Items]
Gross Settlement And Defense Incurred Costs	73,500,000	69,400,000	$ 81,100,000
Payments Or Receipts For Asbestos Related Fees And Costs Net Of Insurance Recoveries	$ 56,000,000	49,900,000	61,300,000
Asbestos Cumulative Claims Resolved \| Claim	124,000
Settlement / indemnity costs incurred	$ 30,500,000	27,700,000	25,300,000
Defense costs incurred	43,000,000	41,700,000	55,900,000
InsuranceInflow	(20,100,000)	(18,100,000)	(23,800,000)
Payments For Asbestos Related Defense And Related Fees Costs	43,700,000	43,500,000	57,700,000
Payments For Asbestos Related Settlement And Indemnity	32,400,000	24,500,000	27,300,000
Cumulative Related Settlement Cost Incurred Before Insurance Recoveries	483,000,000
Cumulative Asbestos Settlement Cost Per Resolved Claim	3,900
Asbestos Settlement Cost Per Resolved Claim	$ 3,900	$ 3,100	$ 3,800

XML 94 R79.htm IDEA: XBRL DOCUMENT

Commitments And Contingencies (Other Contingencies) (Details) $ in Millions		3 Months Ended
	Aug. 08, 2014 USD ($)	Jun. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2012 acre	Jul. 31, 2006
Loss Contingencies [Line Items]
Residual value guarantee liability			$ 7.8
Environmental Claims For Site In Goodyear Arizona [Member]
Loss Contingencies [Line Items]
Estimated liability				$ 49.4
Additional charge			49.0
Accrued environmental loss contingencies, current portion of total gross estimated liability					$ 16.2
Other receivables					$ 10.6
Loss contingency reimbursement rate							21.00%
Environmental Claims For Crab Orchard National Wildlife Refuge Superfund Site [Member]
Loss Contingencies [Line Items]
Approximate size of referenced site, acres \| acre						55,000
Environmental Claims For Site In Roseland New Jersey [Member]
Loss Contingencies [Line Items]
Additional charge			$ 6.8
Loss Contingency, Damages Paid, Value	$ 6.5	$ 6.5

XML 95 R80.htm IDEA: XBRL DOCUMENT

Acquisitions And Divestitures (Details) - USD ($)	1 Months Ended	12 Months Ended
Acquisitions And Divestitures (Details) - USD ($)	Dec. 31, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Intangible asset useful life		16 years
Business Combination, Integration Related Costs		$ 0	$ 7,200,000	$ 9,800,000
Restructuring charges		0	7,800,000	29,200,000
Goodwill		$ 1,149,200,000	$ 1,167,900,000	1,191,300,000
2.75% Notes Due 2018 [Member]
Business Acquisition [Line Items]
Notes issued	$ 250,000,000
Debt instrument interest rate			2.75%
4.45% Notes Due 2023 [Member]
Business Acquisition [Line Items]
Notes issued	$ 300,000,000
Debt instrument interest rate			4.45%
Customer relationships [Member]
Business Acquisition [Line Items]
Intangible asset useful life		15 years 8 months 12 days
Acquisition Related Restructuring [Member]
Business Acquisition [Line Items]
Restructuring charges				$ 10,300,000

XML 96 R81.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting payout cap	100.00%
Period of time to measure Company total shareholder return and apply vesting payout cap	3 years
Weighted-average fair value of options granted during period	$ 6.52	$ 9.80	$ 12.57
Fair value of shares vested	$ 7.8	$ 9.0	$ 9.6
Total intrinsic value of options exercised	14.8	7.9	25.4
Cash received from options exercised	26.4	8.9		$ 8.2
Proceeds and Excess Tax Benefit from Share-based Compensation	0.4	1.6
Tax benefit/(shortfall) realized for tax deductions from option exercises and vesting of restricted stock	0.0	0.1	7.7	$ 7.7
Aggregate intrinsic value of exercisable options	15.8	2.1	12.5
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 9.9
weighted average period for unvested share-based options to be recognized	1 year 3 months
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 18.1
weighted average period for unvested share-based RSUs to be recognized	1.18
Stock Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock trading days	10 days
Cash received from options exercised	$ 31.8	11.9	20.5
Stock Compensation Plan [Member] \| Options Exercisable After First Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable rate	25.00%
Stock Compensation Plan [Member] \| Options Exercisable After Second Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable rate	50.00%
Stock Compensation Plan [Member] \| Options Exercisable After Third Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable rate	75.00%
Stock Compensation Plan [Member] \| Options Exercisable After Fourth Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable rate	100.00%
Restricted Stock And Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense recognized for restricted stock awards	$ 13.8	$ 12.2	$ 10.9
Restricted Stock And Restricted Stock Units [Member] \| Options Exercisable After First Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable rate	25.00%
Restricted Stock And Restricted Stock Units [Member] \| Options Exercisable After Second Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable rate	50.00%
Restricted Stock And Restricted Stock Units [Member] \| Options Exercisable After Third Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable rate	75.00%
Restricted Stock And Restricted Stock Units [Member] \| Options Exercisable After Fourth Year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable rate	100.00%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting payout potential range	0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting payout potential range	200.00%

XML 97 R82.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation Plans (Schedule Of Weighted-Average Assumptions For Grants Made) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation [Abstract]
Dividend yield	4.08%	2.95%	2.50%
Volatility	23.41%	24.97%	27.49%
Risk-free interest rate	1.59%	1.32%	1.39%
Expected lives in years	4 years 2 months 12 days	4 years 2 months 12 days	4 years 2 months 12 days

XML 98 R83.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation Plans (Schedule Of Company's Stock Option Plans) (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2016 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Options outstanding Beginning Balance \| shares	2,670
Number of Shares, Granted \| shares	1,053
Number of Shares, Exercised \| shares	(850)
Number of Shares, Canceled \| shares	(149)
Number of Shares, Options outstanding Ending Balance \| shares	2,724
Number of Shares, Options exercisable Ending Balance \| shares	860
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted Average Exercise Price, Options outstanding Beginning Balance \| $ / shares	$ 53.69
Weighted Average Exercise Price, Granted \| $ / shares	43.57
Weighted Average Exercise Price, Exercised \| $ / shares	48.24
Weighted Average Exercise Price, Canceled \| $ / shares	55.21
Weighted Average Exercise Price, Options outstanding Ending Balance \| $ / shares	51.41
Weighted Average Exercise Price, Options exercisable Ending Balance \| $ / shares	$ 53.73
Weighted Average Remaining Life (Years), Options outstanding	6 years 9 months
Weighted Average Remaining Life (Years), Options exercisable	3 years 10 months 28 days

XML 99 R84.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation Plans (Schedule Of Changes Of Restricted Stock) (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2016 $ / shares shares
Restricted Stock And Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Restricted Stock and Restricted Stock Units, Beginning Balance \| shares	654
Restricted Stock and Restricted Stock Units, Ending Balance \| shares	679
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted Average Grant-Date Fair Value, Restricted Stock and Restricted Stock Units, Beginning Balance \| $ / shares	$ 56.16
Weighted Average Grant-Date Fair Value, Restricted Stock and Restricted Stock Units, Ending Balance \| $ / shares	$ 52.44
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Restricted Stock and Restricted Stock Units, vested \| shares	(155)
Restricted Stock and Restricted Share Units, forfeited \| shares	(29)
Restricted Shares Units and Performance-based Restricted Share Units, granted \| shares	228
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted Average Grant-Date Fair Value, Restricted Stock and Restricted Stock Units, Vested \| $ / shares	$ 53.99
Weighted Average Grant-Date Fair Value, Restricted Stock and Restricted Stock Units, Forfeited \| $ / shares	54.70
Weighted Average Grant-Date Fair Value, Restricted Stock and Restricted Stock Units, Granted \| $ / shares	$ 43.74
Performance Based Restricted Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Restricted Stock and Restricted Stock Units, vested \| shares	(106)
Restricted Stock and Restricted Share Units, forfeited \| shares	(29)
Restricted Shares Units and Performance-based Restricted Share Units, granted \| shares	116
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted Average Grant-Date Fair Value, Restricted Stock and Restricted Stock Units, Vested \| $ / shares	$ 47.93
Weighted Average Grant-Date Fair Value, Restricted Stock and Restricted Stock Units, Forfeited \| $ / shares	52.72
Weighted Average Grant-Date Fair Value, Restricted Stock and Restricted Stock Units, Granted \| $ / shares	$ 47.18

XML 100 R85.htm IDEA: XBRL DOCUMENT

Segment Information (Schedule Of Financial Information By Reportable Segment) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Business Combination, Integration Related Costs									$ 0	$ 7,200,000	$ 9,800,000
Net sales	$ 681,600,000	$ 694,200,000	$ 712,200,000	$ 660,000,000	$ 680,600,000	$ 669,900,000	$ 711,200,000	$ 678,800,000	2,748,000,000	2,740,500,000	2,925,000,000
Operating profit (loss)	(91,600,000)	$ 103,800,000	$ 102,600,000	$ 85,500,000	103,500,000	$ 93,200,000	$ 90,200,000	$ 86,000,000	200,300,000	372,900,000	316,300,000
Assets	3,428,000,000				3,336,900,000				3,428,000,000	3,336,900,000	3,445,500,000
Goodwill	1,149,200,000				1,167,900,000				1,149,200,000	1,167,900,000	1,191,300,000
Capital expenditures									51,500,000	39,600,000	43,700,000	$ 43,700,000
Depreciation and amortization									67,400,000	67,000,000	75,800,000	$ 75,800,000
Restructuring charges									0	7,800,000	29,200,000
Corporate Expense Asbestos Charge [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)									(192,400,000)
Aerospace And Electronics [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)									149,800,000	145,100,000	138,200,000
Assets	555,500,000				559,400,000				555,500,000	559,400,000	512,100,000
Goodwill	202,300,000				202,600,000				202,300,000	202,600,000	202,700,000
Capital expenditures									28,700,000	16,200,000	14,900,000
Depreciation and amortization									11,700,000	11,300,000	11,800,000
Engineered Materials [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)									49,000,000	48,400,000	36,800,000
Assets	224,700,000				227,600,000				224,700,000	227,600,000	229,100,000
Goodwill	171,300,000				171,400,000				171,300,000	171,400,000	171,500,000
Capital expenditures									3,500,000	3,300,000	2,800,000
Depreciation and amortization									6,100,000	6,200,000	6,000,000
Fluid Handling [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)									119,500,000	125,400,000	181,600,000
Assets	845,900,000				888,000,000				845,900,000	888,000,000	963,200,000
Goodwill	212,300,000				218,700,000				212,300,000	218,700,000	227,300,000
Capital expenditures									10,300,000	10,000,000	14,000,000
Depreciation and amortization									10,800,000	12,600,000	14,500,000
Payment and Merchandising Technologies [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)									135,500,000	101,400,000	69,100,000
Assets	1,188,900,000				1,178,000,000				1,188,900,000	1,178,000,000	1,210,100,000
Goodwill	$ 563,300,000				$ 575,200,000				563,300,000	575,200,000	589,900,000
Capital expenditures									8,700,000	9,800,000	11,400,000
Depreciation and amortization									33,900,000	34,500,000	41,600,000
Outside [Member] \| Aerospace And Electronics [Member]
Segment Reporting Information [Line Items]
Net sales									745,700,000	691,300,000	696,000,000
Outside [Member] \| Engineered Materials [Member]
Segment Reporting Information [Line Items]
Net sales									257,000,000	254,800,000	253,300,000
Outside [Member] \| Fluid Handling [Member]
Segment Reporting Information [Line Items]
Net sales									999,500,000	1,091,300,000	1,263,700,000
Outside [Member] \| Payment and Merchandising Technologies [Member]
Segment Reporting Information [Line Items]
Net sales									745,800,000	$ 703,000,000	712,000,000
Environmental Claims For Site In Goodyear Arizona [Member] \| Corporation [Member]
Segment Reporting Information [Line Items]
Loss Contingency, Damages Paid, Value									$ 5,000,000		$ 6,500,000

XML 101 R86.htm IDEA: XBRL DOCUMENT

Segment Information (Schedule Of Consolidated Financial Statements By Industry Segments) (Details) - USD ($)

Business Combination, Integration Related Costs

Income before income taxes

Depreciation and amortization

67,400,000

67,000,000

75,800,000

7,800,000

29,200,000

Gains (Losses) on Sales of Other Real Estate

55,800,000

$ 55,800,000

3,500,000

700,000

$ 1,100,000

Corporate Before Environmental Charges [Member]

Corporate expense - environmental charges [Member]

(61,200,000)

(47,500,000)

(53,600,000)

Operating Segments [Member]

^[2]

(55,800,000)

Depreciation and amortization

62,500,000

64,600,000

73,800,000

Corporate Segment [Member]

Depreciation and amortization

^[3]

^[3]

^[3]

4,900,000

$ 2,400,000

2,000,000

Environmental Claims For Site In Goodyear Arizona [Member] | Corporation [Member]

Loss Contingency, Damages Paid, Value

5,000,000

$ 6,500,000

Environmental Claims For Site In Roseland New Jersey [Member] | Corporation [Member]

49,000,000

XML 102 R87.htm IDEA: XBRL DOCUMENT

$ 6,800,000

[1]	$6.5 million for legal settlements in 2016 and 2014, respectively
[2]	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.
[3]	Net sales and assets by geographic region are based on the location of the business unit.

Segment Information (Schedule Of Net Sales And Assets By Geographic Region) (Details) - USD ($)
$ in Millions

United Kingdom [Member]

Other International [Member]

Corporate Segment [Member]

XML 103 R88.htm IDEA: XBRL DOCUMENT

[1]	Net sales and assets by geographic region are based on the location of the business unit.

Segment Information Segment Information (Sales By Major Product Group) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue from External Customer [Line Items]
Net sales	$ 681.6	$ 694.2	$ 712.2	$ 660.0	$ 680.6	$ 669.9	$ 711.2	$ 678.8	$ 2,748.0	$ 2,740.5	$ 2,925.0
Process Valves and Related Products [Member] \| Fluid Handling [Member]
Revenue from External Customer [Line Items]
Net sales									619.2	681.2	805.1
Commercial Valves [Member] \| Fluid Handling [Member]
Revenue from External Customer [Line Items]
Net sales									290.9	316.5	362.5
otherproducts [Member] \| Fluid Handling [Member]
Revenue from External Customer [Line Items]
Net sales									89.4	93.7	96.3
Payment Acceptance and Dispensing Products [Member] [Member] \| Payment and Merchandising Technologies [Member]
Revenue from External Customer [Line Items]
Net sales									511.8	496.1	512.5
Merchandising Equipment [Member] \| Payment and Merchandising Technologies [Member]
Revenue from External Customer [Line Items]
Net sales									234.0	207.0	199.4
Commercial Original Equipment [Member] \| Aerospace And Electronics [Member]
Revenue from External Customer [Line Items]
Net sales									354.9	349.3	350.7
Military and Other Original Equipment [Member] \| Aerospace And Electronics [Member]
Revenue from External Customer [Line Items]
Net sales									200.3	152.6	159.1
Commercial Aftermarket Products [Member] \| Aerospace And Electronics [Member]
Revenue from External Customer [Line Items]
Net sales									132.8	132.1	133.9
Military Aftermarket Products [Member] \| Aerospace And Electronics [Member]
Revenue from External Customer [Line Items]
Net sales									57.7	57.1	52.3
FRP - Recreational Vehicles [Member] \| Engineered Materials [Member]
Revenue from External Customer [Line Items]
Net sales									131.2	133.9	133.6
FRP - Building Products [Member] \| Engineered Materials [Member]
Revenue from External Customer [Line Items]
Net sales									89.6	83.1	81.7
FRP - Transportation [Member] \| Engineered Materials [Member]
Revenue from External Customer [Line Items]
Net sales									36.2	37.8	38.1
Outside [Member] \| Fluid Handling [Member]
Revenue from External Customer [Line Items]
Net sales									999.5	1,091.3	1,263.7
Outside [Member] \| Payment and Merchandising Technologies [Member]
Revenue from External Customer [Line Items]
Net sales									745.8	703.0	712.0
Outside [Member] \| Aerospace And Electronics [Member]
Revenue from External Customer [Line Items]
Net sales									745.7	691.3	696.0
Outside [Member] \| Engineered Materials [Member]
Revenue from External Customer [Line Items]
Net sales									$ 257.0	$ 254.8	$ 253.3

XML 104 R89.htm IDEA: XBRL DOCUMENT

Quarterly Results For The Year (Details) - USD ($)

Business Combination, Integration Related Costs

Income from continuing operations attributable to common shareholders

Net income attributable to common shareholders

Gains (Losses) on Sales of Other Real Estate

$ 0

$ 55,800,000

$ 3,500,000

$ 700,000

$ 1,100,000

Earnings Per Share, Basic

Earnings Per Share, Diluted

2014 Repositioning Actions [Member]

$ 10,300,000

Litigation Settlement, Amount

18,900,000

Huttig [Domain]

$ 5,000,000

Environmental Claims For Site In Roseland New Jersey [Member]

Loss Contingency, Damages Paid, Value

$ 6,500,000

Corporate Before Environmental Charges [Member]

Environmental Claims For Site In Goodyear Arizona [Member] | Environmental Claims For Site In Roseland NJ [Member]

$ (61,200,000)

$ (47,500,000)

(53,600,000)

Loss Contingency, Damages Paid, Value

5,000,000

$ 6,500,000

Environmental Claims For Site In Roseland New Jersey [Member] | Environmental Claims For Site In Roseland NJ [Member]

$ 49,000,000

49,000,000