Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

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

The following table presents the initial purchase price allocation for acquisitions in 2017: 

	Initial Purchase Price Allocation
Assets:
Accounts receivable, net	$	7.5
Inventories, net	11.9
Property, plant and equipment, net	4.0
Goodwill	15.1
Other intangible assets	29.5
Total assets acquired	$	68.0
Liabilities:
Accounts payable, trade	$	2.1
Salaries, wages and benefits	0.3
Other current liabilities	2.1
Total liabilities assumed	$	4.5
Net assets acquired	$	63.5

Business Acquisition Purchase price allocation identifiable intangible assets

The following table summarizes the initial purchase price allocation for identifiable intangible assets acquired in 2017:

	Initial Purchase Price Allocation
			Weighted - Average Life
Trade Name	$	1.5	14 years
Know-How	8.5		20 years
All customer relationships	19.1		19 years
Non-competition agreements	0.2		5 years
Capitalized software	0.2		3 years
Total intangible assets	$	29.5