Fair Value (Tables)

12 Months Ended

Dec. 31, 2015

Assets and liabilities measured at fair value on a recurring basis

The following tables present the fair value hierarchy for those assets and liabilities on the Consolidated Balance Sheet measured at fair value on a recurring basis as of December 31, 2015 and 2014:



	December 31, 2015
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	129.6	$	110.2	$	19.4	$	—
Restricted cash	0.2		—		0.2		—
Short-term investments	9.7		—		9.7		—
Foreign currency hedges	8.2		—		8.2		—
Total Assets	$	147.7	$	110.2	$	37.5	$	—
Liabilities:
Foreign currency hedges	$	0.4	$	—	$	0.4	$	—
Total Liabilities	$	0.4	$	—	$	0.4	$	—



	December 31, 2014
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	278.8	$	155.6	$	123.2	$	—
Restricted cash	15.3		—		15.3		—
Short-term investments	8.4		—		8.4		—
Foreign currency hedges	12.4		—		12.4		—
Total Assets	$	314.9	$	155.6	$	159.3	$	—
Liabilities:
Foreign currency hedges	$	0.3	$	—	$	0.3	$	—
Total Liabilities	$	0.3	$	—	$	0.3	$	—

Fair Value Measurements, Nonrecurring [Table Text Block]



	Carrying Value		Fair Value Adjustment			Fair Value
Long-lived assets held for sale:
Aerospace overhaul business	$	8.0	$	(1.2	)	$	6.8
Total long-lived assets held for sale	$	8.0	$	(1.2	)	$	6.8

Long-lived assets held and used:
Goodwill	$	92.5	$	(86.3	)	$	6.2
Indefinite-lived intangible assets	14.2		(5.5		)	8.7
Amortizable intangible assets	4.4		(4.4		)	—
Fixed assets	1.5		(1.5		)	—
Total long-lived assets held and used	$	112.6	$	(97.7	)	$	14.9

The following table presents those assets measured at fair value on a nonrecurring basis for the year ended December 31, 2015 using Level 3 inputs:



	Carrying Value		Fair Value Adjustment			Fair Value
Long-lived assets held for sale:
Repair business in Niles, Ohio	$	5.8	$	(3.0	)	$	2.8
Total long-lived assets held for sale	$	5.8	$	(3.0	)	$	2.8

Long-lived assets held and used:
Fixed assets	$	0.8	$	(0.3	)	$	0.5
Total long-lived assets held and used	$	0.8	$	(0.3	)	$	0.5