Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2015

Acquisitions and Divestitures [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The purchase price allocations, net of cash acquired, and any subsequent purchase price adjustments for acquisitions in 2015, 2014 and 2013 are presented below:

	2015		2014		2013
Assets:
Accounts receivable	$	13.3	$	4.5	$	10.6
Inventories	48.5		5.4		12.7
Other current assets	1.1		0.3		0.4
Property, plant and equipment	37.9		2.8		19.5
Goodwill	70.8		4.7		18.1
Other intangible assets	63.9		7.5		13.0
Total assets acquired	$	235.5	$	25.2	$	74.3
Liabilities:
Accounts payable, trade	$	10.2	$	2.3	$	3.3
Salaries, wages and benefits	1.1		—		1.4
Other current liabilities	1.3		1.0		0.9
Accrued pension cost	2.3		—		—
Accrued postretirement liability	1.1		—		—
Other non-current liabilities	5.9		0.5		4.5
Total liabilities assumed	$	21.9	$	3.8	$	10.1
Net assets acquired	$	213.6	$	21.4	$	64.2

Business Acquisition Purchase price allocation identifiable intangible assets

The following table summarizes the final purchase price allocation for identifiable intangible assets acquired in 2014:

	Purchase Price Allocation
			Weighted- Average Life
Trade name	$	0.6	7 years
Technology / Know-how	2.6		17 years
All customer relationships	4.2		15 years
Non-compete agreements	0.1		5 years
Total intangible assets	$	7.5

The following table summarizes the preliminary purchase price allocation for identifiable intangible assets acquired in 2015:

	Purchase Price Allocation
			Weighted- Average Life
Trade name	$	1.7	11 years
Technology / Know-how	17.1		20 years
All customer relationships	43.9		20 years
Capitalized software	1.2		3 years
Total intangible assets	$	63.9