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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment wise financial performance
The primary measurement used by management to measure the financial performance of each segment is EBIT (earnings before interest and taxes).
 
Three Months Ended
September 30,
Nine Months Ended
September 30,
 
2015
2014
2015
2014
Net sales to external customers:
 
 
 
 
Mobile Industries
$
396.4

$
427.0

$
1,178.0

$
1,295.9

Process Industries
311.0

361.0

979.9

1,018.1

 
$
707.4

$
788.0

$
2,157.9

$
2,314.0

 
 
 
 
 
Segment EBIT:
 
 
 
 
Mobile Industries
$
43.0

$
(63.4
)
$
114.4

$
43.2

Process Industries
43.1

74.4

145.0

187.4

Total EBIT, for reportable segments
$
86.1

$
11.0

$
259.4

$
230.6

Unallocated corporate expenses
(16.6
)
(15.3
)
(44.8
)
(52.2
)
Unallocated pension settlement charges
(3.6
)
—

(223.2
)
—

Interest expense
(8.6
)
(9.1
)
(25.0
)
(20.4
)
Interest income
0.6

1.0

2.0

3.1

Income (loss) from continuing operations before income taxes
$
57.9

$
(12.4
)
$
(31.6
)
$
161.1