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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes To Goodwill | Changes to goodwill are as follows:
(in millions) | Fluid Handling | Payment & Merchandising Technologies | Aerospace & Electronics | Engineered Materials | Total
Balance as of December 31, 2015 | $ | 218.7 |  | $ | 575.2 |  | $ | 202.6 |  | $ | 171.4 |  | $ | 1,167.9 |
Currency translation | (6.4 | ) | (11.9 | ) | (0.3 | ) | (0.1 | ) | (18.7 | )
Balance at December 31, 2016 | $ | 212.3 |  | $ | 563.3 |  | $ | 202.3 |  | $ | 171.3 |  | $ | 1,149.2 |
Currency translation | 1.4 |  | 7.1 |  | — |  | — |  | 8.5 |
Balance as of March 31, 2017 | $ | 213.7 |  | $ | 570.4 |  | $ | 202.3 |  | $ | 171.3 |  | $ | 1,157.7 |
Changes To Intangible Assets | Changes to intangible assets are as follows:
(in millions) | Three Months Ended March 31, 2017 |  | Year Ended December 31, 2016
Balance at beginning of period, net of accumulated amortization | $ | 282.2 |  |  | $ | 317.1 |
Amortization expense | (7.2 | ) |  | (30.7 | )
Currency translation and other | 3.8 |  |  | (4.2 | )
Balance at end of period, net of accumulated amortization | $ | 278.8 |  |  | $ | 282.2 |
Summary Of Intangible Assets | A summary of intangible assets follows:
| Weighted Average Amortization Period of Finite Lived Assets (in years) |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2017 |  | December 31, 2016
(in millions) |  | Gross Asset |  | Accumulated Amortization |  | Net |  | Gross Asset |  | Accumulated Amortization |  | Net
Intellectual property rights | 16.4 |  | $ | 86.8 |  |  | $ | 52.7 |  |  | $ | 34.1 |  |  | $ | 86.4 |  |  | $ | 52.1 |  |  | $ | 34.3 |
Customer relationships and backlog | 15.8 |  | 393.8 |  |  | 160.5 |  |  | 233.3 |  |  | 388.9 |  |  | 153.4 |  |  | 235.5 |
Drawings | 37.9 |  | 11.1 |  |  | 10.3 |  |  | 0.8 |  |  | 11.1 |  |  | 10.3 |  |  | 0.8 |
Other | 13.0 |  | 60.5 |  |  | 49.9 |  |  | 10.6 |  |  | 60.3 |  |  | 48.7 |  |  | 11.6 |
Total | 16.0 |  | $ | 552.2 |  |  | $ | 273.4 |  |  | $ | 278.8 |  |  | $ | 546.7 |  |  | $ | 264.5 |  |  | $ | 282.2 |

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- Definition Tabular disclosure of acquired indefinite-lived intangible assets. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. Indefinite-lived assets are assets that are not subject to amortization. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 + Details
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