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Recent Transactions (Tables)
6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Schedule of aggregated estimated fair value of assets acquired and liabilities assumed
The following table summarizes the aggregated estimated fair value of the assets acquired and liabilities assumed on February 28, 2014, the date of acquisition:
(millions of dollars)
 
 
Receivables, net
 
$
55.2

Inventories, net
 
50.9

Property, plant and equipment, net
 
55.7

Goodwill
 
51.0

Other intangible assets
 
42.7

Other assets and liabilities
 
(31.4
)
Accounts payable and accrued expenses
 
(74.2
)
Total consideration, net of cash acquired
 
149.9

 
 
 
Less: Assumed retirement-related liabilities
 
3.2

Less: Assumed debt
 
40.3

Cash paid, net of cash acquired
 
$
106.4