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Business Segments
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Business Segments
Business Segments 
The company identifies its segments using the “management approach,” which designates the internal organization that is used by management for making operating decisions and assessing performance as the source of the company’s reportable segments. 
The Crane business is a global provider of engineered lift solutions which designs, manufactures and markets a comprehensive line of lattice-boom crawler cranes, mobile telescopic cranes, tower cranes and boom trucks.  The Crane products are used in a wide variety of applications, including energy, petrochemical and industrial projects, infrastructure development such as road, bridge and airport construction, commercial and high-rise residential construction, mining and dredging.  Our crane-related product support services are principally marketed under the Crane Care brand name and include maintenance and repair services and parts supply.
Our Foodservice equipment business designs, manufactures and sells primary cooking and warming equipment; ice-cube machines, ice flaker machines and storage bins; refrigerator and freezer equipment; beverage dispensers and related products; serving and storage equipment; and food-preparation equipment.  Our suite of products is used by commercial and institutional foodservice operators such as full service restaurants, QSR chains, hotels, industrial caterers, supermarkets, convenience stores, hospitals, schools and other institutions.
The accounting policies of the segments are the same as those described in the summary of significant accounting policies except that certain expenses are not allocated to the segments.  These unallocated expenses are corporate overhead, amortization expense of intangible assets with definite lives, goodwill impairment, intangible asset impairment, restructuring expense, integration expense and other expense.  The company evaluates segment performance based upon profit and loss before the aforementioned expenses.  Financial information relating to the company’s reportable segments for the years ended December 31, 2013, 2012 and 2011 is as follows: 

(in millions)
 
2013
 
2012
 
2011
Net sales from continuing operations:
 
 

 
 

 
 

Crane
 
$
2,506.3

 
$
2,427.1

 
$
2,134.7

Foodservice
 
1,541.8

 
1,486.2

 
1,454.6

Total
 
$
4,048.1

 
$
3,913.3

 
$
3,589.3

Operating earnings (loss) from continuing operations:
 
 

 
 

 
 

Crane
 
$
218.8

 
$
170.5

 
$
118.8

Foodservice
 
250.3

 
238.6

 
214.4

Corporate
 
(64.9
)
 
(63.7
)
 
(61.3
)
Amortization expense
 
(35.3
)
 
(36.5
)
 
(37.4
)
Restructuring expense
 
(4.8
)
 
(9.5
)
 
(5.5
)
Other income (expense)
 
0.3

 
(2.5
)
 
0.5

Operating earnings from continuing operations
 
$
364.4

 
$
296.9

 
$
229.5

Other income (expenses):
 
 
 
 
 
 
Interest expense
 
$
(128.4
)
 
$
(135.6
)
 
$
(145.4
)
Amortization of deferred financing fees
 
(7.0
)
 
(8.2
)
 
(10.4
)
Loss on debt extinguishment
 
(3.0
)
 
(6.3
)
 
(29.7
)
Other income (expense)-net
 
(0.8
)
 
0.1

 
2.3

Earnings from continuing operations before taxes on earnings
 
$
225.2

 
$
146.9

 
$
46.3

 
 
 
 
 
 
 
Capital expenditures:
 
 

 
 

 
 

Crane
 
$
69.3

 
$
52.7

 
$
52.0

Foodservice
 
33.6

 
17.4

 
11.9

Corporate
 
7.8

 
2.8

 
0.7

Total
 
$
110.7

 
$
72.9

 
$
64.6

Total depreciation:
 
 

 
 

 
 

Crane
 
$
46.9

 
$
43.5

 
$
52.9

Foodservice
 
20.1

 
22.3

 
24.5

Corporate
 
1.5

 
2.3

 
2.8

Total
 
$
68.5

 
$
68.1

 
$
80.2

Total assets:
 
 

 
 

 
 

Crane
 
$
1,900.4

 
$
1,903.3

 
$
1,760.8

Foodservice
 
1,904.3

 
1,956.8

 
2,192.6

Corporate
 
171.9

 
197.2

 
69.2

Total
 
$
3,976.6

 
$
4,057.3

 
$
4,022.6

 
Net sales are attributed to geographic regions based on location of customer. Net sales from continuing operations and long-lived asset information by geographic area as of and for the years ended December 31 are as follows:
 
 
Net Sales
 
Long-Lived Assets
(in millions)
 
2013
 
2012
 
2011
 
2013
 
2012
United States
 
$
1,978.0

 
$
1,833.0

 
$
1,588.8

 
$
1,888.4

 
$
1,905.4

Other North America
 
292.1

 
278.2

 
208.8

 
13.6

 
5.3

Europe
 
937.6

 
788.0

 
813.4

 
530.0

 
510.6

Asia
 
364.5

 
354.0

 
352.2

 
203.0

 
189.5

Middle East
 
174.2

 
161.6

 
189.4

 
1.6

 
1.6

Central and South America
 
166.9

 
243.0

 
237.8

 
36.0

 
33.3

Africa
 
30.0

 
110.8

 
65.4

 
—

 
—

South Pacific and Caribbean
 
12.6

 
10.6

 
12.0

 
4.1

 
4.6

Australia
 
92.2

 
134.1

 
121.5

 
4.7

 
4.4

Total
 
$
4,048.1

 
$
3,913.3

 
$
3,589.3

 
$
2,681.4

 
$
2,654.7


Net sales from continuing operations and long-lived asset information for Europe primarily relate to France, Germany and the United Kingdom.