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v3.22.4

Nature of Operations and Significant Accounting Policies (Narrative) (Details) shares in Millions, $ in Millions, $ in Millions |  | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Aug. 12, 2022 USD ($) | Aug. 31, 2022 USD ($) | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) reportable_segment | Dec. 31, 2022 USD ($) shares | Dec. 31, 2022 USD ($) segment | Dec. 31, 2021 USD ($) shares | Dec. 31, 2020 USD ($) shares | Aug. 31, 2022 CAD ($) | May 31, 2022 CAD ($) | May 26, 2022 USD ($) | Apr. 08, 2022 CAD ($) | May 16, 2021 USD ($) | Dec. 31, 2019 USD ($)
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of reporting segments |  |  |  |  |  | 4 |  | 4 |  |  |  |  |  |  |  |
Payments for Disposal of Asbestos-Related Assets and Liabilities |  |  |  |  | $ 550.0 |  |  |  | $ 0.0 | $ 0.0 |  |  |  |  |  |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal |  |  |  |  | (162.4) |  |  |  | 0.0 | 0.0 |  |  |  |  |  |
Gain on sale of business |  |  |  |  | 232.5 |  |  |  | $ 0.0 | $ 0.0 |  |  |  |  |  |
Revenue recognized related to government contracts in progress |  |  |  |  | 120.0 |  |  |  |  |  |  |  |  |  |  |
Number of stock options excluded from computation of earnings per share (in shares) | shares |  |  |  |  |  |  | 0.4 |  | 1.2 | 2.1 |  |  |  |  |  |
Allowance for doubtful accounts receivable |  |  |  | $ 14.1 | 14.1 | $ 14.1 | $ 14.1 | $ 14.1 | $ 10.4 |  |  |  |  |  |  |
Increase (decrease) in cost of sales by changes in level of LIFO inventories |  |  |  |  | $ 8.4 |  |  |  | $ 3.6 | $ 2.3 |  |  |  |  |  |
Percentage of inventories cost, LIFO method |  |  |  | 37.20% | 37.20% | 37.20% | 37.20% | 37.20% | 30.10% |  |  |  |  |  |  |
Higher value of LIFO inventories if valued under FIFO |  |  |  | $ 38.8 | $ 38.8 | $ 38.8 | $ 38.8 | $ 38.8 | $ 30.4 |  |  |  |  |  |  |
Reserve for excess and obsolete inventory |  |  |  | $ 99.3 | 99.3 | $ 99.3 | $ 99.3 | $ 99.3 | 98.6 |  |  |  |  |  |  |
Depreciation expense |  |  |  |  | $ 76.1 |  |  |  | 75.1 | 77.2 |  |  |  |  |  |
Number of reporting units | segment |  |  |  |  |  |  |  | 6 |  |  |  |  |  |  |  |
Estimated cost of capital, minimum |  |  |  | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% |  |  |  |  |  |  |  |
Estimated cost of capital, maximum |  |  |  | 11.50% | 11.50% | 11.50% | 11.50% | 11.50% |  |  |  |  |  |  |  |
Estimated cost of capital, weighted |  |  |  | 10.80% | 10.80% | 10.80% | 10.80% | 10.80% |  |  |  |  |  |  |  |
Disposal on sale of business |  |  |  |  | $ 22.3 |  |  |  |  |  |  |  |  |  |  |
Adjustments to purchase price allocations |  |  |  |  |  |  |  |  | 0.1 |  |  |  |  |  |  |
Intangible assets, net |  |  |  | $ 416.6 | 416.6 | $ 416.6 | $ 416.6 | $ 416.6 | 467.1 | $ 520.3 |  |  |  |  |  | $ 505.1
Intangibles with indefinite useful lives |  |  |  | $ 67.3 | 67.3 | $ 67.3 | $ 67.3 | $ 67.3 | 70.6 |  |  |  |  |  |  |
Process Flow Technologies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disposal on sale of business |  |  |  |  | $ 22.3 |  |  |  | 22.3 |  |  |  |  |  |  |
Adjustments to purchase price allocations |  |  |  |  |  |  |  |  | $ 0.1 |  |  |  |  |  |  |
Minimum | Building and Building Improvements [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment, Useful Life |  |  |  | 10 years |  |  |  |  |  |  |  |  |  |  |  |
Minimum | Machinery and Equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment, Useful Life |  |  |  | 3 years |  |  |  |  |  |  |  |  |  |  |  |
Maximum | Building and Building Improvements [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment, Useful Life |  |  |  | 25 years |  |  |  |  |  |  |  |  |  |  |  |
Maximum | Machinery and Equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment, Useful Life |  |  |  | 10 years |  |  |  |  |  |  |  |  |  |  |  |
Discontinued Operations, Disposed of by Sale | Asbestos-Related Assets and Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments for Disposal of Asbestos-Related Assets and Liabilities | $ 550.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $ (162.4) |  | $ 162.4 |  |  |  |  |  |  |  |  |  |  |  |  |
Discontinued Operations, Disposed of by Sale | Crane Supply |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital adjustment |  |  |  |  |  |  |  |  |  |  | $ 5 |  |  |  |  |
Gain on sale of business |  | $ 232.5 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discontinued Operations, Held-for-sale | Crane Supply |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consideration from sale of discontinued operation |  |  |  |  |  |  |  |  |  |  |  | $ 402 |  | $ 380 |  |
Discontinued Operations, Held-for-sale | Engineered Materials |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consideration from sale of discontinued operation |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 360.0 |
Disposal Group, Including Discontinued Operation, Contract Termination Fees |  |  |  |  |  |  |  |  |  |  |  |  | $ 7.5 |  |  |

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