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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of Preliminary Fair Values of the Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary fair values of the Senscient assets acquired and liabilities assumed at the date of acquisition:
(In millions)
September 19, 2016
Current assets (including cash of $0.7 million)
$
5.9

Property, plant and equipment and other noncurrent assets
0.3

Acquired technology
1.6

Customer-related intangibles
2.8

Goodwill
10.5

Total assets acquired
21.1

Total liabilities assumed
2.0

Net assets acquired
$
19.1

The following table summarizes the preliminary fair values of the Latchways assets acquired and liabilities assumed at the date of acquisition:
(In millions)
October 21, 2015
Current assets (including cash of $10.6 million)
$
35.7

Property, plant and equipment
9.5

Trade name and acquired technology
14.6

Customer-related intangibles
53.0

Goodwill
98.0

Total assets acquired
210.8

Total liabilities assumed
19.9

Net assets acquired
$
190.9

Pro Forma Financial Information (Unaudited)
(In millions, except per share amounts)
2016
2015
Net sales
$
1,153

$
1,175

Income from continuing operations
93

75

Basic earnings per share from continuing operations
2.48

2.00

Diluted earnings per share from continuing operations
2.44

1.98