Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following:

				Carrying Value at
	Maturity Date	Interest Rate at March 31, 2017		March 31, 2017			December 31, 2016
				(In millions)
Senior Notes due 2021	April 1, 2021	8.125	%	$	250.0		$	250.0
Revolving credit facility	July 31, 2019	4.10	%	145.8			132.8
Term Loan	July 31, 2019	3.00	%	22.3			23.4
Industrial Equipment Group European Facilities	December 21, 2021	3.25	%	26.7			26.4
Capital Leases	Various	Various		19.9			18.8
Other	Various	Various		22.0			23.6
Gross debt				486.7			475.0
Less current portion of long-term debt				(25.3		)	(25.8		)
Less short-term debt				(4.4		)	(5.0		)
Less unamortized debt issuance costs				(5.0		)	(5.2		)
Total long-term debt, net				$	452.0		$	439.0

Fair value of debt

The following table represents fair value information of the Company's 8.125% Senior Notes due 2021 (the “Senior Notes”), classified as Level 1 using estimated quoted market prices.

	March 31, 2017		December 31, 2016
	(In millions)
Carrying amount	$	250.0	$	250.0
Fair value	$	258.0	$	257.5