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Business Segments (Tables)
12 Months Ended
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