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Business Segments (Tables)
3 Months Ended
Mar. 31, 2014
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
March 31,
(in millions)
 
2014
 
2013
Net sales:
 
 

 
 

Crane
 
$
466.7

 
$
544.0

Foodservice
 
383.3

 
350.6

Total net sales
 
$
850.0

 
$
894.6

Earnings (loss) from continuing operations:
 
 

 
 

Crane
 
$
22.6

 
$
34.9

Foodservice
 
57.9

 
49.1

Corporate expense
 
(16.1
)
 
(18.5
)
Amortization expense
 
(8.8
)
 
(9.0
)
Restructuring expense
 
(2.0
)
 
(0.3
)
Other
 

 
(0.3
)
Earnings from continuing operations
 
$
53.6

 
$
55.9

Other income (expenses):
 
 
 
 
Interest expense
 
$
(19.3
)
 
$
(33.0
)
Amortization of deferred financing fees
 
(1.2
)
 
(1.8
)
Loss on debt extinguishment
 
(25.3
)
 
(0.4
)
Other income (expense)-net
 
0.8

 
1.6

Earnings from continuing operations before taxes on earnings
 
$
8.6

 
$
22.3

Reconciliation of Assets from Segment to Consolidated
As of March 31, 2014 and December 31, 2013, the total assets by segment were as follows:
(in millions)
 
March 31, 2014
 
December 31, 2013
Crane
 
$
1,985.2

 
$
1,900.4

Foodservice
 
1,962.8

 
1,904.3

Corporate
 
170.7

 
171.9

Total
 
$
4,118.7

 
$
3,976.6