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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Schedule of financial information relating to the company's reportable segments | Financial information relating to the company’s reportable segments for the years ended December 31, 2014, 2013 and 2012 is as follows:
(in millions) |  | 2014 |  | 2013 |  | 2012
Net sales from continuing operations: |  |  |  |  |  |  |  |  |
Crane |  | $ | 2,305.2 |  |  | $ | 2,506.3 |  |  | $ | 2,427.1 |
Foodservice |  | 1,581.3 |  |  | 1,541.8 |  |  | 1,486.2 |
Total |  | $ | 3,886.5 |  |  | $ | 4,048.1 |  |  | $ | 3,913.3 |
Operating earnings (loss) from continuing operations: |  |  |  |  |  |  |  |  |
Crane |  | $ | 163.9 |  |  | $ | 218.8 |  |  | $ | 170.5 |
Foodservice |  | 234.0 |  |  | 250.3 |  |  | 238.6 |
Corporate |  | (53.4 | ) |  | (64.9 | ) |  | (63.7 | )
Asset impairment expense |  | (1.1 | ) |  | — |  |  | — |
Amortization expense |  | (35.1 | ) |  | (35.3 | ) |  | (36.5 | )
Restructuring expense |  | (9.0 | ) |  | (4.8 | ) |  | (9.5 | )
Other (expense) income |  | (0.5 | ) |  | 0.3 |  |  | (2.5 | )
Operating earnings from continuing operations |  | $ | 298.8 |  |  | $ | 364.4 |  |  | $ | 296.9 |
Other income (expense): |  |  |  |  |  |
Interest expense |  | $ | (94.0 | ) |  | $ | (128.4 | ) |  | $ | (135.6 | )
Amortization of deferred financing fees |  | (4.4 | ) |  | (7.0 | ) |  | (8.2 | )
Loss on debt extinguishment |  | (25.5 | ) |  | (3.0 | ) |  | (6.3 | )
Other (expense) income - net |  | (5.5 | ) |  | (0.8 | ) |  | 0.1 |
Earnings from continuing operations before taxes on earnings |  | $ | 169.4 |  |  | $ | 225.2 |  |  | $ | 146.9 |
Capital expenditures: |  |  |  |  |  |  |  |  |
Crane |  | $ | 57.3 |  |  | $ | 69.3 |  |  | $ | 52.7 |
Foodservice |  | 25.3 |  |  | 33.6 |  |  | 17.4 |
Corporate |  | 2.2 |  |  | 7.8 |  |  | 2.8 |
Total |  | $ | 84.8 |  |  | $ | 110.7 |  |  | $ | 72.9 |
Total depreciation: |  |  |  |  |  |  |  |  |
Crane |  | $ | 45.7 |  |  | $ | 46.9 |  |  | $ | 43.5 |
Foodservice |  | 21.2 |  |  | 20.1 |  |  | 22.3 |
Corporate |  | 1.5 |  |  | 1.5 |  |  | 2.3 |
Total |  | $ | 68.4 |  |  | $ | 68.5 |  |  | $ | 68.1 |
Total assets: |  |  |  |  |  |  |  |  |
Crane |  | $ | 1,742.3 |  |  | $ | 1,900.4 |  |  | $ | 1,903.3 |
Foodservice |  | 1,902.0 |  |  | 1,904.3 |  |  | 1,956.8 |
Corporate |  | 172.3 |  |  | 171.9 |  |  | 197.2 |
Total |  | $ | 3,816.6 |  |  | $ | 3,976.6 |  |  | $ | 4,057.3 |
Schedule of net sales from continuing operations and long-lived asset information by geographic area | 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) |  | 2014 |  | 2013 |  | 2012 |  | 2014 |  | 2013
United States |  | $ | 1,977.4 |  |  | $ | 1,978.0 |  |  | $ | 1,833.0 |  |  | $ | 1,880.8 |  |  | $ | 1,888.4 |
Other North America |  | 238.3 |  |  | 292.1 |  |  | 278.2 |  |  | 12.4 |  |  | 13.6 |
Europe |  | 821.2 |  |  | 937.6 |  |  | 788.0 |  |  | 478.9 |  |  | 530.0 |
Asia |  | 377.6 |  |  | 364.5 |  |  | 354.0 |  |  | 189.7 |  |  | 203.0 |
Middle East |  | 223.2 |  |  | 174.2 |  |  | 161.6 |  |  | 1.5 |  |  | 1.6 |
Central and South America |  | 106.9 |  |  | 166.9 |  |  | 243.0 |  |  | 30.0 |  |  | 36.0 |
Africa |  | 56.7 |  |  | 30.0 |  |  | 110.8 |  |  | — |  |  | — |
South Pacific and Caribbean |  | 13.3 |  |  | 12.6 |  |  | 10.6 |  |  | 4.0 |  |  | 4.1 |
Australia |  | 71.9 |  |  | 92.2 |  |  | 134.1 |  |  | 3.0 |  |  | 4.7 |
Total |  | $ | 3,886.5 |  |  | $ | 4,048.1 |  |  | $ | 3,913.3 |  |  | $ | 2,600.3 |  |  | $ | 2,681.4 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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