Financing Arrangements (Tables)

12 Months Ended

Dec. 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 December 31, 2017		December 31, 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	3.30	%	124.7			132.8
Term loan				—			23.4
Industrial Equipment Group European Facilities	December 21, 2021	3.25	%	27.0			26.4
Capital leases	Various	Various		20.3			18.8
Other	Various	Various		19.9			23.6
Gross debt				541.9			475.0
Less: current portion of long-term debt				(15.4		)	(25.8		)
Less: short-term debt				(2.3		)	(5.0		)
Less: unamortized debt issuance costs				(8.7		)	(5.2		)
Total long-term debt, net				$	515.5		$	439.0

Fair value of debt

The following table represents fair value information of the Notes, classified as Level 1, at December 31, 2017 and 2016. The fair value was estimated using quoted market prices.

	December 31, 2017
	(In millions)
Carrying amount	$	350.0
Fair value	$	380.6

Maturities of long-term debt

Maturities of short-term and long-term debt, excluding capital leases, during each of the five years subsequent to December 31, 2017 are as follows:

	(In millions)
2018	$	8.6
2019	$	9.8
2020	$	9.5
2021	$	15.3
2022	$	125.9