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Segment Information Segment Information (Tables)
 12 Months Ended
Dec. 31, 2016
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


a Includes charges of $5.0 million and $6.5 million for legal settlements in 2016 and 2014, respectively.
b Includes a $49.0 million charge related to an increase in the Company's liability expected at the Goodyear Site and a $6.8 million charge for expected remediation costs associated with a previously disclosed environmental site in Roseland, New Jersey in 2014.
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