Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following:

				Carrying Value at
	Maturity Date	Interest Rate at June 30, 2017		June 30, 2017			December 31, 2016
				(In millions)
Senior Notes due 2027	April 15, 2027	6.625	%	$	350.0		$	—
Senior Notes due 2021	April 1, 2021	8.125	%	—			250.0
Revolving credit facility	April 17, 2022	3.11	%	104.0			132.8
Term Loan				—			23.4
Industrial Equipment Group European Facilities	December 21, 2021	3.25	%	27.1			26.4
Capital Leases	Various	Various		20.0			18.8
Other	Various	Various		20.4			23.6
Gross debt				521.5			475.0
Less current portion of long-term debt				(13.1		)	(25.8		)
Less short-term debt				(3.5		)	(5.0		)
Less unamortized debt issuance costs				(8.8		)	(5.2		)
Total long-term debt, net				$	496.1		$	439.0

Fair value of debt

The following table represents fair value information of the Notes, classified as Level 1 using estimated quoted market prices.

	June 30, 2017
	(In millions)
Carrying amount	$	350.0
Fair value	$	367.5