Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Other Intangible Assets

Schedule of changes in the carrying amount of goodwill, by reportable segment and other operating segments

	December 31, 2013			Goodwill Resulting from Business Combinations		Impairments		Foreign Currency Translation and Other			December 31, 2014
Flow Technology reportable segment
Gross goodwill	$	1,120.2		$	—	$	—	$	(83.7	)	$	1,036.5
Accumulated impairments		—			—		—		—			—
Goodwill		1,120.2			—		—		(83.7	)		1,036.5
Thermal Equipment and Services reportable segment
Gross goodwill		570.0			—		—		(16.7	)		553.3
Accumulated impairments		(399.5	)		—		—		8.1			(391.4	)
Goodwill		170.5			—		—		(8.6	)		161.9
Industrial Products and Services and Other
Gross goodwill		398.9			—		—		(2.8	)		396.1
Accumulated impairments		(140.5	)		—		—		1.4			(139.1	)
Goodwill		258.4			—		—		(1.4	)		257.0
Total
Gross goodwill		2,089.1			—		—		(103.2	)		1,985.9
Accumulated impairments		(540.0	)		—		—		9.5			(530.5	)
Goodwill	$	1,549.1		$	—	$	—	$	(93.7	)	$	1,455.4

	December 31, 2012			Goodwill Resulting from Business Combinations		Impairments		Foreign Currency Translation and Other			December 31, 2013
Flow Technology reportable segment
Gross goodwill	$	1,114.6		$	—	$	—	$	5.6		$	1,120.2
Accumulated impairments		—			—		—		—			—
Goodwill		1,114.6			—		—		5.6			1,120.2
Thermal Equipment and Services reportable segment
Gross goodwill		563.7			—		—		6.3			570.0
Accumulated impairments		(395.7	)		—		—		(3.8	)		(399.5	)
Goodwill		168.0			—		—		2.5			170.5
Industrial Products and Services and Other
Gross goodwill		399.7			—		—		(0.8	)		398.9
Accumulated impairments		(140.4	)		—		—		(0.1	)		(140.5	)
Goodwill		259.3			—		—		(0.9	)		258.4
Total
Gross goodwill		2,078.0			—		—		11.1			2,089.1
Accumulated impairments		(536.1	)		—		—		(3.9	)		(540.0	)
Goodwill	$	1,541.9		$	—	$	—	$	7.2		$	1,549.1

Schedule of identifiable intangible assets

	December 31, 2014							December 31, 2013
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Intangible assets with determinable lives:
Customer relationships	$	388.6	$	(91.7	)	$	296.9	$	413.4	$	(80.0	)	$	333.4
Technology		183.8		(59.8	)		124.0		196.6		(52.7	)		143.9
Patents		11.3		(8.8	)		2.5		11.5		(8.3	)		3.2
Other		28.7		(18.3	)		10.4		31.0		(18.6	)		12.4
		612.4		(178.6	)		433.8		652.5		(159.6	)		492.9
Trademarks with indefinite lives		397.2		—			397.2		435.4		—			435.4
Total	$	1,009.6	$	(178.6	)	$	831.0	$	1,087.9	$	(159.6	)	$	928.3