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Restructuring (Tables)
 3 Months Ended
Mar. 31, 2019
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs [Table Text Block]
The following table summarizes the restructuring charges by business segment in 2019 and cumulatively through March 31, 2019:
 
Severance
 
Other
 
Total
(in millions)
2019
 
Cumulative
 
2019
 
Cumulative
 
2019
 
Cumulative
Fluid Handling
$
0.6

 
$
17.3

 
$
—

 
$
—

 
$
0.6

 
$
17.3

Payment & Merchandising Technologies
—

 
12.3

 
0.2

 
0.6

 
0.2

 
12.9

Aerospace & Electronics
—

 
1.3

 
(0.1
)
 
(1.1
)
 
(0.1
)
 
0.2

 
$
0.6

 
$
30.9

 
$
0.1

 
$
(0.5
)
 
$
0.7

 
$
30.4
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
To complete these actions, we expect to incur a total of $8.9 million of restructuring and facility consolidation related charges in 2019 and 2020 in each of the segments as follows:
(in millions)
2019
 
2020
 
Total
Fluid Handling
$
3.5

 
$
1.6

 
$
5.1

Payment & Merchandising Technologies
1.1

 
—

 
1.1

Aerospace & Electronics
2.7

 
—

 
2.7

 
$
7.3

 
$
1.6

 
$
8.9

The following table summarizes the expected costs by nature of costs and year:
(in millions)
2019
 
2020
 
Total
Restructuring
$
1.0

 
$
—

 
$
1.0

Facility consolidation
6.3

 
1.6

 
7.9

 
$
7.3

 
$
1.6

 
$
8.9

We expect recurring pre-tax savings subsequent to initiating all actions to approximate $30 million annually.
The following table summarizes the accrual balances related to these restructuring charges: 
(in millions)
Balance at December 31, 2018
 
Expense
(Gain) (1)
 
Utilization
 
Balance at
March 31, 2019
Fluid Handling
 
 
 
 
 
 
 
Severance
$
12.9

 
$
0.6

 
$
(1.4
)
 
$
12.1

Other
—

 
—

 
—

 
—

Total Fluid Handling
$
12.9

 
$
0.6

 
$
(1.4
)
 
$
12.1

 
 
 
 
 
 
 
 
Payment & Merchandising Technologies
 
 
 
 
 
 
 
Severance
$
9.4

 
$
—

 
$
(6.3
)
 
$
3.1

Other
—

 
0.2

 
(0.2
)
 
—

Total Payment & Merchandising Technologies
$
9.4

 
$
0.2

 
$
(6.5
)
 
$
3.1

 
 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
 
 
Severance
$
0.9

 
$
—

 
$
(0.2
)
 
$
0.7

Other
—

 
(0.1
)
 
0.1

 
—

Total Aerospace & Electronics
$
0.9

 
$
(0.1
)
 
$
(0.1
)
 
$
0.7

Total Restructuring
$
23.2

 
$
0.7

 
$
(8.0
)
 
$
15.9

(1) Reflected in our Condensed Consolidated Statements of Operations as “Restructuring charges”