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Business Segments (Tables)
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Net sales and earnings from operations by segment are summarized as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in millions)
 
2013
 
2012
 
2013
 
2012
Net sales:
 
 

 
 

 
 

 
 

Crane
 
$
656.9

 
$
610.7

 
$
1,204.3

 
$
1,118.6

Foodservice
 
389.7

 
386.5

 
740.3

 
730.5

Total net sales
 
$
1,046.6

 
$
997.2

 
$
1,944.6

 
$
1,849.1

Earnings (loss) from continuing operations:
 
 

 
 

 
 

 
 

Crane
 
$
65.0

 
$
52.0

 
$
96.3

 
$
73.4

Foodservice
 
63.0

 
66.1

 
112.1

 
117.1

Corporate expense
 
(16.5
)
 
(16.5
)
 
(35.0
)
 
(32.5
)
Amortization expense
 
(9.0
)
 
(9.3
)
 
(18.1
)
 
(18.6
)
Restructuring expense
 
(0.9
)
 
(0.2
)
 
(1.2
)
 
(0.9
)
Other
 

 
(0.1
)
 
(0.3
)
 
(0.1
)
Earnings from continuing operations
 
$
101.6

 
$
92.0

 
$
153.8

 
$
138.4

Other income (expenses):
 
 
 
 
 
 
 
 
Interest expense
 
$
(32.6
)
 
$
(33.8
)
 
$
(65.9
)
 
$
(66.8
)
Amortization of deferred financing fees
 
(1.7
)
 
(2.1
)
 
(3.5
)
 
(4.1
)
Loss on debt extinguishment
 

 

 
(0.4
)
 

Other income (expense)-net
 
(1.4
)
 
2.0

 
0.2

 
0.2

Earnings from continuing operations before taxes on earnings
 
$
65.9

 
$
58.1

 
$
84.2

 
$
67.7

Reconciliation of Assets from Segment to Consolidated
As of June 30, 2013 and December 31, 2012, the total assets by segment were as follows:
(in millions)
 
June 30, 2013
 
December 31, 2012
Crane
 
$
1,988.0

 
$
1,903.3

Foodservice
 
1,936.2

 
1,956.8

Corporate
 
227.0

 
197.2

Total
 
$
4,151.2

 
$
4,057.3