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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2015
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)
 
2015
 
2014
 
2015
 
2014
Net sales:
 
 

 
 

 
 

 
 

Crane
 
$
477.7

 
$
606.1

 
$
884.4

 
$
1,072.8

Foodservice
 
407.7

 
406.7

 
753.1

 
790.0

Total net sales
 
$
885.4

 
$
1,012.8

 
$
1,637.5

 
$
1,862.8

Earnings (loss) from continuing operations:
 
 

 
 

 
 

 
 

Crane
 
$
26.2

 
$
54.4

 
$
35.9

 
$
77.0

Foodservice
 
63.6

 
65.9

 
96.6

 
123.8

Corporate expense
 
(12.0
)
 
(15.0
)
 
(30.8
)
 
(31.1
)
Amortization expense
 
(8.6
)
 
(8.8
)
 
(17.2
)
 
(17.6
)
Separation expense
 
(8.3
)
 
—

 
(9.8
)
 
—

Restructuring expense
 
(0.1
)
 
(1.0
)
 
(1.2
)
 
(3.0
)
Other
 
(0.4
)
 
(0.1
)
 
(0.4
)
 
(0.1
)
Earnings from continuing operations
 
$
60.4

 
$
95.4

 
$
73.1

 
$
149.0

Other income (expenses):
 
 
 
 
 
 
 
 
Interest expense
 
$
(24.4
)
 
$
(25.1
)
 
$
(48.0
)
 
$
(44.4
)
Amortization of deferred financing fees
 
(1.0
)
 
(1.1
)
 
(2.1
)
 
(2.3
)
Loss on debt extinguishment
 
—

 
—

 
—

 
(25.3
)
Other income (expense) - net
 
2.9

 
(3.1
)
 
5.4

 
(2.3
)
Earnings from continuing operations before taxes on earnings
 
$
37.9

 
$
66.1

 
$
28.4

 
$
74.7
Reconciliation of Assets from Segment to Consolidated
As of June 30, 2015 and December 31, 2014, the total assets by segment were as follows:
(in millions)
 
June 30, 2015
 
December 31, 2014
Crane
 
$
1,775.1

 
$
1,742.3

Foodservice
 
1,933.6

 
1,902.0

Corporate
 
136.8

 
172.3

Total
 
$
3,845.5

 
$
3,816.6