Lennox International (LII) 10-Q 24 Oct 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 19, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	LENNOX INTERNATIONAL INC
Entity Central Index Key	1,069,202
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		41,773,840

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 60.7	$ 50.2
Accounts and notes receivable, net of allowances of $6.9 and $6.7 in 2017 and 2016, respectively	598.1	469.8
Inventories, net	530.9	418.5
Other assets	80.9	67.4
Total current assets	1,270.6	1,005.9
Property, plant and equipment, net of accumulated depreciation of $767.8 and $717.2 in 2017 and 2016, respectively	374.6	361.4
Goodwill	200.6	195.1
Deferred income taxes	143.3	136.7
Other assets, net	66.6	61.2
Total assets	2,055.7	1,760.3
Current Liabilities:
Short-term debt	326	52.4
Current maturities of long-term debt	22.4	200.1
Accounts payable	394.5	361.2
Accrued expenses	278.4	265.9
Income taxes payable	2.4	9
Total current liabilities	1,023.7	888.6
Long-term debt	775.7	615.7
Post-retirement benefits, other than pensions	1.9	2.8
Pensions	90.2	87.5
Other liabilities	131.7	127.7
Total liabilities	2,023.2	1,722.3
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 25,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $.01 par value, 200,000,000 shares authorized, 87,170,197 shares issued	0.9	0.9
Additional paid-in capital	1,048	1,046.2
Retained earnings	1,554.4	1,353
Accumulated other comprehensive loss	(157)	(195.1)
Treasury stock, at cost, 45,401,841 shares and 44,195,250 shares as of September 30, 2017 and December 31, 2016, respectively	(2,414.2)	(2,167.4)
Noncontrolling interests	0.4	0.4
Total stockholders’ equity	32.5	38
Total liabilities and stockholders' equity	$ 2,055.7	$ 1,760.3

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowances, accounts and notes receivable	$ 6.9	$ 6.7
Accumulated depreciation	$ 767.8	$ 717.2
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	87,170,197	87,170,197
Treasury stock, shares	45,401,841	44,195,250

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net sales	$ 1,052.3	$ 1,010	$ 2,947.9	$ 2,744.4
Cost of goods sold	738.6	699.7	2,082.4	1,935.5
Gross profit	313.7	310.3	865.5	808.9
Operating Expenses:
Selling, general and administrative expenses	158.7	156.5	479.6	456.2
Losses and other expenses, net	3	0.7	8.5	5.5
Restructuring charges	1.9	0.6	2.1	1.2
Income from equity method investments	(4.5)	(4.4)	(15.5)	(15.3)
Operating income	154.6	156.9	390.8	361.3
Interest expense, net	7.6	7	23.3	19.6
Other income, net	0	0	(0.2)	(0.2)
Income from continuing operations before income taxes	147	149.9	367.7	341.9
Provision for income taxes	43	48.2	103.8	104
Income from continuing operations	104	101.7	263.9	237.9
Discontinued Operations:
Loss from discontinued operations before income taxes	(0.8)	0	(2.3)	(0.9)
Benefit from income taxes	(0.3)	0	(0.9)	(0.3)
Loss from discontinued operations	(0.5)	0	(1.4)	(0.6)
Net income	$ 103.5	$ 101.7	$ 262.5	$ 237.3
Earnings per share – Basic:
Income from continuing operations (in dollars per share)	$ 2.48	$ 2.35	$ 6.23	$ 5.46
Loss from discontinued operations (in dollars per share)	(0.01)	0	(0.03)	(0.01)
Net income (in dollars per share)	2.47	2.35	6.20	5.45
Earnings per share – Diluted:
Income from continuing operations (in dollars per share)	2.45	2.33	6.15	5.39
Loss from discontinued operations (in dollars per share)	(0.01)	0	(0.03)	(0.01)
Net income (in dollars per share)	$ 2.44	$ 2.33	$ 6.12	$ 5.38
Average shares outstanding:
Weighted Average Number of Shares Outstanding - Basic	41.9	43.2	42.3	43.6
Weighted Average Number of Shares Outstanding - Diluted	42.4	43.7	42.9	44.2
Cash dividends declared per share	$ 0.51	$ 0.43	$ 1.45	$ 1.22

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 103.5	$ 101.7	$ 262.5	$ 237.3
Other comprehensive income:
Foreign currency translation adjustments	10.2	(3.1)	39.4	11.3
Net change in pension and post-retirement liabilities	(2.7)	(0.4)	(8.1)	(4.5)
Reclassification of pension and post-retirement benefit losses into earnings	1.8	1.6	5.5	4.8
Change in fair value of available-for-sale marketable equity securities	0.1	(1.2)	0.2	(1.8)
Net change in fair value of cash flow hedges	3.4	2	10.5	1.4
Reclassification of cash flow hedge (gains) losses into earnings	(3.5)	2.4	(9.4)	10.6
Other comprehensive income before income taxes	9.3	1.3	38.1	21.8
Income tax benefit (expense)	0.1	(1.7)	0	(4.1)
Other comprehensive income, net of tax	9.4	(0.4)	38.1	17.7
Comprehensive income	$ 112.9	$ 101.3	$ 300.6	$ 255

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income	$ 262.5	$ 237.3
Adjustments to reconcile net income to net cash provided by operating activities:
Pension Contributions	1.4	52.5
Income from equity method investments	(15.5)	(15.3)
Dividends from affiliates	7.8	3.9
Restructuring charges (gains), net of cash paid	1	(0.8)
Provision for bad debts	3.2	3.4
Unrealized gains on derivative contracts	(0.7)	(2.2)
Stock-based compensation expense	18.8	24.8
Depreciation and amortization	48.1	43.4
Deferred income taxes	(3.9)	(2.6)
Pension Expense	4.1	4.7
Other items, net	1	0.4
Changes in assets and liabilities, net of effects of divestitures:
Accounts and notes receivable	(118.3)	(146.2)
Inventories	(102.6)	(49.9)
Other current assets	(7.3)	(6.6)
Accounts payable	31	56.4
Accrued expenses	7.6	40.7
Income taxes payable and receivable	(9.9)	(15)
Other	3.5	3
Net cash provided by operating activities	129	126.9
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0.2	0
Purchases of property, plant and equipment	(60.5)	(59.4)
Net cash used in investing activities	(60.3)	(59.4)
Cash flows from financing activities:
Short-term borrowings, net	(1.4)	(2.1)
Asset securitization borrowings	275	145
Asset securitization payments	0	(20)
Long-term debt payments	(200.8)	(30.9)
Proceeds from Issuance of Long-term Debt	0
Borrowings from credit facility	1,883	1,715
Payments on credit facility	(1,701)	(1,493)
Payments of Debt Issuance Costs	0	0.9
Proceeds from employee stock purchases	2.3	1.9
Repurchases of common stock	(250)	(300)
Repurchases of common stock to satisfy employee withholding tax obligations	(16)	(26.3)
Cash dividends paid	(58.4)	(50.5)
Net cash provided by financing activities	(67.3)	(61.8)
Increase in cash and cash equivalents	1.4	5.7
Effect of exchange rates on cash and cash equivalents	9.1	3.2
Cash and cash equivalents, beginning of period	50.2	38.9
Cash and cash equivalents, end of period	60.7	47.8
Supplemental disclosures of cash flow information:
Interest paid	22.5	17
Income taxes paid (net of refunds)	$ 115.5	$ 120.9

General

General	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General: References in this Quarterly Report on Form 10-Q to "we," "our," "us," "LII," or the "Company" refer to Lennox International Inc. and its subsidiaries, unless the context requires otherwise. Basis of Presentation The accompanying unaudited Consolidated Balance Sheet as of September 30, 2017 , the accompanying unaudited Consolidated Statements of Operations for the three and nine months ended September 30, 2017 and 2016 , the accompanying unaudited Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2017 and 2016 , and the accompanying unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2017 and 2016 should be read in conjunction with our audited consolidated financial statements and footnotes included in our Annual Report on Form 10-K for the year ended December 31, 2016 . The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The accompanying consolidated financial statements contain all material adjustments, consisting principally of normal recurring adjustments, necessary for a fair presentation of our financial position, results of operations and cash flows. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to applicable rules and regulations, although we believe that the disclosures herein are adequate to make the information presented not misleading. The operating results for the interim periods are not necessarily indicative of the results that may be expected for a full year. Our fiscal quarterly periods are comprised of approximately 13 weeks, but the number of days per quarter may vary year-over-year. Our quarterly reporting periods usually end on the Saturday closest to the last day of March, June and September. Our fourth quarter and fiscal year ends on December 31, regardless of the day of the week on which December 31 falls. Use of Estimates The preparation of financial statements requires us to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible assets and other long-lived assets, contingencies, guarantee obligations, indemnifications, and assumptions used in the calculation of income taxes, pension and post-retirement medical benefits, and stock-based compensation, among others. These estimates and assumptions are based on our best estimates and judgment. We evaluate these estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We believe these estimates and assumptions to be reasonable under the circumstances and will adjust such estimates and assumptions when facts and circumstances dictate. Volatile equity, foreign currency and commodity markets combine to increase the uncertainty inherent in such estimates and assumptions. Future events and their effects cannot be determined with precision and actual results could differ significantly from these estimates. Changes in these estimates will be reflected in the financial statements in future periods. Recently Adopted Accounting Guidance On March 30, 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, which changes the accounting for certain aspects of share-based payments to employees. The new guidance requires entities to record all tax effects related to share-based payments at settlement or expiration through the income statement and the excess tax benefit to be recorded when it arises, subject to normal valuation allowance considerations. This is in comparison to the prior requirement that these excess tax benefits be recognized in additional paid-in capital. The new guidance also requires excess tax benefits to be classified along with other income tax cash flows as an operating activity in the statement of cash flows rather than, as previously required, a financing activity. We have adopted ASU 2016-09 effective January 1, 2017 on a prospective basis where permitted by the new standard. As a result of this adoption: • We recognized discrete tax benefits of $1.5 million and $9.6 million in the income taxes line item of our consolidated statements of operations for the three and nine months ended September 30, 2017 respectively, related to excess tax benefits upon vesting or settlement in that period. • We elected to adopt the cash flow presentation of the excess tax benefits retrospectively where these benefits are classified along with other income tax cash flows as operating cash flows. • We have elected to continue to estimate the number of stock-based awards expected to vest, rather than electing to account for forfeitures as they occur to determine the amount of compensation cost to be recognized in each period. • We excluded the excess tax benefits from the assumed proceeds available to repurchase shares in the computation of our diluted earnings per share for the three and nine months ended September 30, 2017. Reclassifications Certain amounts have been reclassified from the prior year presentation to conform to the current year presentation.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories: The components of inventories are as follows (in millions): As of September 30, 2017 As of December 31, 2016 Finished goods $ 369.1 $ 287.2 Work in process 8.6 5.1 Raw materials and parts 209.4 183.4 Subtotal 587.1 475.7 Excess of current cost over last-in, first-out cost (56.2 ) (57.2 ) Total inventories, net $ 530.9 $ 418.5

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill: The changes in the carrying amount of goodwill for the first nine months of 2017, in total and by segment, are summarized in the table below (in millions): Balance at December 31, 2016 Changes in foreign currency translation rates Balance at September 30, 2017 Residential Heating & Cooling $ 26.1 $ — $ 26.1 Commercial Heating & Cooling 60.1 1.8 61.9 Refrigeration 108.9 3.7 112.6 Total Goodwill $ 195.1 $ 5.5 $ 200.6 We perform our annual goodwill impairment test in the fourth quarter of each year. We continue to monitor our reporting units for indicators of impairment throughout the year to determine if a change in facts or circumstances warrants a re-evaluation of our goodwill. In the current year, we have noted no indicators of impairment of our reporting units.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives: Objectives and Strategies for Using Derivative Instruments Commodity Price Risk - We utilize a cash flow hedging program to mitigate our exposure to volatility in the prices of metal commodities used in our production processes. Our hedging program includes the use of futures contracts to lock in prices, and as a result, we are subject to derivative losses should the metal commodity prices decrease and gains should the prices increase. We utilize a dollar cost averaging strategy so that a higher percentage of commodity price exposures are hedged near-term and lower percentages hedged at future dates. This strategy allows for protection against near-term price volatility while allowing us to adjust to market price movements over time. Interest Rate Risk - A portion of our debt bears interest at variable rates, and as a result, we are subject to variability in the cash paid for interest. To mitigate a portion of that risk, we may choose to engage in an interest rate swap hedging strategy to eliminate the variability of interest payment cash flows. We are not currently hedged against interest rate risk. Foreign Currency Risk - Foreign currency exchange rate movements create a degree of risk by affecting the U.S. dollar value of assets and liabilities arising in foreign currencies. We seek to mitigate the impact of currency exchange rate movements on certain short-term transactions by periodically entering into foreign currency forward contracts. Cash Flow Hedges We have commodity futures contracts and foreign exchange forward contracts designated as cash flow hedges that are scheduled to mature through February 2019 and December 2018 , respectively. Unrealized gains or losses from our cash flow hedges are included in Accumulated other comprehensive loss (“ AOCL ”) and are expected to be reclassified into earnings within the next 18 months based on the prices of the commodities and foreign currencies at the settlement dates. We recorded the following amounts in AOCL related to our cash flow hedges (in millions): As of September 30, 2017 As of December 31, 2016 Unrealized (gains) losses on unsettled contracts $ (9.9 ) $ (8.9 ) Income tax expense 3.6 3.3 Gains included in AOCL, net of tax (1) $ (6.3 ) $ (5.6 ) (1) Assuming commodity and foreign currency prices remain constant, we expect to reclassify $6.1 million of derivative gains into earnings within the next 12 months. We had the following outstanding commodity futures contracts designated as cash flow hedges (in millions of pounds): As of September 30, 2017 As of December 31, 2016 Copper 18.9 30.4 We had the following outstanding foreign exchange forward contracts designated as cash flow hedges (in millions): As of September 30, 2017 As of December 31, 2016 Notional Amounts (in local currency): Mexican Peso 69.8 310.1 Canadian Dollar 83.1 24.9 Derivatives not Designated as Cash Flow Hedges For commodity derivatives not designated as cash flow hedges, we follow the same hedging strategy as derivatives designated as cash flow hedges, except that we elect not to designate them as cash flow hedges at the inception of the arrangement. We had the following outstanding commodity futures contracts not designated as cash flow hedges (in millions of pounds): As of September 30, 2017 As of December 31, 2016 Copper 1.8 2.4 Aluminum 1.9 2.6 We also had the following outstanding foreign currency forward contracts not designated as cash flow hedges (in millions): As of September 30, 2017 As of December 31, 2016 Notional Amounts (in local currency): Chinese Yuan 52.3 10.5 Mexican Peso 35.7 64.5 Euro 60.7 46.9 Canadian Dollar 31.0 — British Pound 4.9 1.3 Singapore Dollar 6.5 — Australian Dollar 40.0 — New Zealand Dollar 6.5 — Indian Rupee 169.4 584.6 Information about the Locations and Amounts of Derivative Instruments The following tables provide the locations and amounts of derivative fair values in the Consolidated Balance Sheets and derivative gains and losses in the Consolidated Statements of Operations (in millions): Fair Values of Derivative Instruments (1) Derivatives Designated as Hedging Instruments Derivatives Not Designated as Hedging Instruments As of September 30, 2017 As of December 31, 2016 As of September 30, 2017 As of December 31, 2016 Current Assets: Other Assets Commodity futures contracts $ 9.7 $ 8.7 $ 1.0 $ 0.7 Foreign currency forward contracts 0.4 0.5 0.2 0.2 Non-Current Assets: Other Assets, net Commodity futures contracts 0.3 1.9 — 0.2 Total Assets $ 10.4 $ 11.1 $ 1.2 $ 1.1 Current Liabilities: Accrued Expenses Foreign currency forward contracts $ 0.4 $ 0.8 $ 1.5 $ 3.2 Total Liabilities $ 0.4 $ 0.8 $ 1.5 $ 3.2 (1) All derivative instruments are classified as Level 2 within the fair value hierarchy. See Note 15 for more information. Derivatives Designated as Cash Flow Hedges For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Amount of (Gain)/Loss reclassified from AOCL into Income (effective portion) (1) $ (3.5 ) $ 2.4 $ (9.4 ) $ 10.6 Amount of (Gain)/Loss recognized in Net income (ineffective portion) (2) $ (0.1 ) $ (0.5 ) $ 1.1 $ (0.4 ) Derivatives Not Designated as Hedging Instruments For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Amount of (Gain)/Loss Recognized in Net Income: Commodity futures contracts (2) $ (0.2 ) $ (0.3 ) $ (1.3 ) $ (0.2 ) Foreign currency forward contracts (2) (0.4 ) 0.4 (4.3 ) 0.3 $ (0.6 ) $ 0.1 $ (5.6 ) $ 0.1 (1) The (gain)/loss was recorded in Cost of goods sold in the accompanying Consolidated Statements of Operations. (2) The (gain)/loss was recorded in Losses and other expenses, net in the accompanying Consolidated Statements of Operations.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes: As of September 30, 2017 , we had no unrecognized tax benefits. We are currently under examination for our U.S. federal income taxes under the Internal Revenue Service's Compliance Assurance Program for 2017, 2016 and 2015 and are subject to examination by numerous other taxing authorities in the U.S. and in jurisdictions such as Australia, Belgium, France, Canada, and Germany. We are generally no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by taxing authorities for years prior to 2011. Since January 1, 2017, numerous states and the District of Columbia have enacted legislation effective for tax years beginning on or after January 1, 2017, including changes to tax rates. The impact of these changes is immaterial. On March 30, 2016, the FASB issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, which changes the accounting for certain aspects of share-based payments to employees. The new guidance requires entities to record all tax effects related to share-based payments at settlement or expiration through the income statement and the excess tax benefit to be recorded when it arises, subject to normal valuation allowance considerations. The new guidance also requires excess tax benefits to be classified along with other income tax cash flows as an operating activity in the statement of cash flows rather than, as previously required, a financing activity. We recognized discrete tax benefits of $1.5 million and $9.6 million in the income taxes line item of our Consolidated Statements of Operations for the three and nine months ended September 30, 2017, respectively, related to excess tax benefits upon vesting or settlement in those periods.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies: Product Warranties and Product Related Contingencies We offer warranties to customers for some of our products and record liabilities for the estimated future warranty-related costs based on failure rates, cost experience and other factors. We periodically review the assumptions used to determine the product warranty liabilities and will adjust the liabilities in future periods for changes in assumptions, as necessary. Liabilities for estimated product warranty costs related to continuing operations are included in the following captions on the accompanying Consolidated Balance Sheets (in millions): As of September 30, 2017 As of December 31, 2016 Accrued expenses $ 34.9 $ 30.0 Other liabilities 72.7 71.1 Total warranty liability $ 107.6 $ 101.1 The changes in product warranty liabilities related to continuing operations for the nine months ended September 30, 2017 were as follows (in millions): Total warranty liability as of December 31, 2016 $ 101.1 Warranty claims paid (21.6 ) Changes resulting from issuance of new warranties 32.2 Changes in estimates associated with pre-existing liabilities (4.7 ) Changes in foreign currency translation rates and other 0.6 Total warranty liability as of September 30, 2017 $ 107.6 We have incurred, and will likely continue to incur, product costs not covered by insurance or our suppliers’ warranties, which are not included in the tables immediately above. Also, to satisfy our customers and protect our brands, we have repaired or replaced installed products experiencing quality-related issues, and will likely continue such repairs and replacements. During the second quarter of 2017, we identified a product quality issue in a defective vendor-supplied component affecting a product line in the Residential Heating & Cooling segment. This defect has been isolated, the vendor is supplying corrected components, and we are manufacturing product with the corrected components. We have also implemented a program for our dealers to install corrected components in the field. We recorded an expense of $0.5 million and $5.7 million for the three and nine months ended September 30, 2017, respectively, relating to estimated repair costs. The expense related to this product quality issue has been classified in Cost of goods sold in the Consolidated Statements of Operations and the related liability is included in Accrued expenses on the Consolidated Balance Sheet. Litigation We are involved in a number of claims and lawsuits incident to the operation of our businesses. Insurance coverages are maintained and estimated costs are recorded for such claims and lawsuits, including costs to settle claims and lawsuits, based on experience involving similar matters and specific facts known. Some of these claims and lawsuits allege personal injury or health problems resulting from exposure to asbestos that was integrated into certain of our products. We have never manufactured asbestos and have not incorporated asbestos-containing components into our products for several decades. A substantial majority of these asbestos-related claims have been covered by insurance or other forms of indemnity or have been dismissed without payment. The remainder of our closed cases have been resolved for amounts that are not material, individually or in the aggregate. Our defense costs for asbestos-related claims are generally covered by insurance; however, our insurance coverage for settlements and judgments for asbestos-related claims varies depending on several factors and are subject to policy limits, so we may have greater financial exposure for future settlements and judgments. For the nine months ended September 30, 2017 and 2016 , expense for asbestos-related litigation was $3.9 million and $2.3 million , respectively, net of probable insurance recoveries, for known and future asbestos-related litigation and is recorded in Losses and other expenses, net in the Consolidated Statements of Operations. For the three months ended September 30, 2017 and 2016 , expense for asbestos-related litigation was $1.5 million and $0.4 million , respectively, net of probable insurance recoveries. In October 2016, we self-reported to the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) an alleged payment in the amount of 30,000 rubles (approximately US $475 ) to a Russian customs broker or official. Under the oversight of our Audit Committee, we initiated an investigation into this matter with the assistance of external legal counsel and external forensic accountants.The scope of the investigation was later expanded to include our operations in Poland and Ukraine. The investigation raised questions regarding possible irregularities with respect to non-compliance with customs documents and procedures related to these operations. We continue to fully cooperate with the SEC and the DOJ regarding this matter. We do not anticipate any material adverse effect on our business or financial condition as a result of this matter. It is management's opinion that none of these claims or lawsuits or any threatened litigation will have a material adverse effect on our financial condition, results of operations or cash flows. Claims and lawsuits, however, involve uncertainties and it is possible that their eventual outcome could adversely affect our results of operations for a particular period.

Lines of Credit and Financing A

Lines of Credit and Financing Arrangements	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Lines of Credit and Financing Arrangements	Lines of Credit and Financing Arrangements: The following table summarizes our outstanding debt obligations and their classification in the accompanying Consolidated Balance Sheets (in millions): As of September 30, 2017 As of December 31, 2016 Short-Term Debt: Asset Securitization Program $ 325.0 $ 50.0 Foreign obligations 1.0 2.4 Total short-term debt $ 326.0 $ 52.4 Current maturities of long-term debt: Capital lease obligations $ 0.5 $ 0.8 Domestic credit facility 22.5 — Senior unsecured notes — 200.0 Debt issuance costs (0.6 ) (0.7 ) Total current maturities of long-term debt $ 22.4 $ 200.1 Long-Term Debt: Capital lease obligations $ 14.7 $ 15.0 Domestic credit facility 415.5 256.0 Senior unsecured notes 350.0 350.0 Debt issuance costs (4.5 ) (5.3 ) Total long-term debt $ 775.7 $ 615.7 Total debt $ 1,124.1 $ 868.2 Short-Term Debt Foreign Obligations Through several of our foreign subsidiaries, we have facilities available to assist in financing seasonal borrowing needs for our foreign locations. We had $1.0 million and $2.4 million of foreign obligations outstanding as of September 30, 2017 and December 31, 2016 , respectively, that were primarily borrowings under non-committed facilities. Proceeds on these facilities were $19.1 million and $28.2 million during the nine months ended September 30, 2017 and 2016 , respectively. Repayments on the facilities were $20.5 million and $30.3 million during the nine months ended September 30, 2017 and 2016 , respectively. Asset Securitization Program Under the Asset Securitization Program (“ASP”), we are eligible to sell beneficial interests in a portion of our trade accounts receivable to a financial institution for cash. The ASP contains a provision whereby we retain the right to repurchase all of the outstanding beneficial interests transferred. Our continued involvement with the transferred assets includes servicing, collection and administration of the transferred beneficial interests. The accounts receivable securitized under the ASP are high-quality domestic customer accounts that have not aged significantly. The receivables represented by the retained interest that we service are exposed to the risk of loss for any uncollectible amounts in the pool of receivables sold under the ASP. The fair values assigned to the retained and transferred interests are based on the sold accounts receivable carrying value given the short term to maturity and low credit risk. The sale of the beneficial interests in our trade accounts receivable are reflected as secured borrowings in the accompanying Consolidated Balance Sheets and proceeds received are included in Cash flows from financing activities in the accompanying Consolidated Statements of Cash Flows. The ASP provides for a maximum securitization range from $200.0 million to $325.0 million , depending on the period. The maximum capacity under the ASP is the lesser of the maximum securitization amount or 100% of the net pool balance less allowances, as defined by the ASP. Eligibility for securitization is limited based on the amount and quality of the qualifying accounts receivable and is calculated monthly. The eligible amounts available and beneficial interests sold were as follows (in millions): As of September 30, 2017 As of December 31, 2016 Eligible amount available under the ASP on qualified accounts receivable $ 325.0 $ 250.0 Less: Beneficial interest sold 325.0 50.0 Remaining amount available $ — $ 200.0 We pay certain discount fees to use the ASP and to have the facility available to us. These fees relate to both the used and unused portions of the securitization. The used fee is based on the beneficial interest sold and calculated on floating commercial paper rates determined by the purchaser of the beneficial interest, plus a program fee of 0.65% . The rates as of September 30, 2017 and December 31, 2016 were 1.99% and 1.66% , respectively. The unused fee is based on 102% of the maximum available amount less the beneficial interest sold and is calculated at a 0.33% fixed rate throughout the term of the agreement. In addition, a 0.05% unused fee is charged on incremental available amounts above $200 million during certain months of the year. We recorded these fees in Interest expense, net in the accompanying Consolidated Statements of Operations. The ASP contains certain restrictive covenants relating to the quality of our accounts receivable and cross-default provisions with our Sixth Amended and Restated Credit Facility Agreement ("Domestic Credit Facility"), senior unsecured notes and any other indebtedness we may have over $75.0 million . The administrative agent under the ASP is also a participant in our Domestic Credit Facility. The participating financial institutions have investment grade credit ratings. We continue to evaluate their credit ratings and have no reason to believe they will not perform under the ASP. As of September 30, 2017 , we believe we were in compliance with all covenant requirements. Long-Term Debt Domestic Credit Facility On August 30, 2016, we replaced an earlier credit facility with a $900.0 million credit facility (the "Domestic Credit Facility"), which consists of a $650.0 million unsecured revolving credit facility and a $250.0 million unsecured term loan and matures in August 2021 (the "Maturity Date"). Under our Domestic Credit Facility, we had outstanding borrowings of $438.0 million , of which $220.0 million was the term loan balance, as well as $3.0 million committed to standby letters of credit as of September 30, 2017 . Subject to covenant limitations, $429.0 million was available for future borrowings. The unsecured term loan also matures on the Maturity Date and requires quarterly principal repayments of $7.5 million ; however, we made $30.0 million of required principal repayments for 2017 in November 2016. The revolving credit facility allows up to $100.0 million of letters of credit to be issued and also includes a subfacility for swingline loans of up to $65.0 million . Additionally, at our request and subject to certain conditions, the commitments under the Domestic Credit Facility may be increased by a maximum of $350.0 million as long as existing or new lenders agree to provide such additional commitments. Our weighted average borrowing rate on the facility was as follows: As of September 30, 2017 As of December 31, 2016 Weighted average borrowing rate 2.47 % 2.00 % Our Domestic Credit Facility is guaranteed by certain of our subsidiaries and contains financial covenants relating to leverage and interest coverage. Other covenants contained in the Domestic Credit Facility restrict, among other things, certain mergers, asset dispositions, guarantees, debt, liens, and affiliate transactions. The financial covenants require us to maintain a defined Consolidated Indebtedness to Adjusted EBITDA Ratio and a Cash Flow (defined as EBITDA minus capital expenditures) to Net Interest Expense Ratio. The required ratios under our Domestic Credit Facility are detailed below: Consolidated Indebtedness to Adjusted EBITDA Ratio no greater than 3.5 : 1.0 Cash Flow to Net Interest Expense Ratio no less than 3.0 : 1.0 Our Domestic Credit Facility contains customary events of default. These events of default include nonpayment of principal or interest, breach of covenants or other restrictions or requirements, default on certain other indebtedness or receivables securitizations (cross default), and bankruptcy. A cross default under our Domestic Credit Facility could occur if: • We fail to pay any principal or interest when due on any other indebtedness or receivables securitization of at least $75.0 million ; or • We are in default in the performance of, or compliance with any term of any other indebtedness or receivables securitization in an aggregate principal amount of at least $75.0 million or any other condition exists which would give the holders the right to declare such indebtedness due and payable prior to its stated maturity. Each of our major debt agreements contains provisions by which a default under one agreement causes a default in the others (a "cross default"). If a cross default under the Domestic Credit Facility, our senior unsecured notes, our lease of our corporate headquarters in Richardson, Texas (recorded as an operating lease), or our ASP were to occur, it could have a wider impact on our liquidity than might otherwise occur from a default of a single debt instrument or lease commitment. If any event of default occurs and is continuing, lenders with a majority of the aggregate commitments may require the administrative agent to terminate our right to borrow under our Domestic Credit Facility and accelerate amounts due under our Domestic Credit Facility (except for a bankruptcy event of default, in which case such amounts will automatically become due and payable and the lenders’ commitments will automatically terminate). As of September 30, 2017 , we believe we were in compliance with all covenant requirements. Senior Unsecured Notes We issued $350.0 million of senior unsecured notes in November 2016 (the "Notes") which will mature on November 15, 2023 with interest being paid on May 15 and November 15 at 3.00% per annum semiannually. We also repaid $200.0 million of senior unsecured notes issued in 2010 that matured on May 15, 2017 . The Notes are guaranteed, on a senior unsecured basis, by each of our domestic subsidiaries that guarantee indebtedness under our Domestic Credit Facility. The indenture governing the Notes contains covenants that, among other things, limit our ability and the ability of the subsidiary guarantors to: create or incur certain liens; enter into certain sale and leaseback transactions; and enter into certain mergers, consolidations and transfers of substantially all of our assets. The indenture also contains a cross default provision which is triggered if we default on other debt of at least $75.0 million in principal which is then accelerated, and such acceleration is not rescinded within 30 days of the notice date. As of September 30, 2017 , we believe we were in compliance with all covenant requirements.

Pension and Post-Retirement Ben

Pension and Post-Retirement Benefit Plans	9 Months Ended
	Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Pension and Post-Retirement Benefit Plans	Pension and Post-Retirement Benefit Plans: The components of net periodic benefit cost were as follows (in millions): For the Three Months Ended September 30, 2017 2016 2017 2016 Pension Benefits Other Benefits Service cost $ 1.3 $ 1.1 $ — $ — Interest cost 3.2 3.8 — — Expected return on plan assets (5.3 ) (5.4 ) — — Amortization of prior service cost — 0.1 (0.6 ) (0.8 ) Recognized actuarial loss 2.0 1.9 0.4 0.4 Settlements and curtailments — 0.2 — — Net periodic benefit cost (1) $ 1.2 $ 1.7 $ (0.2 ) $ (0.4 ) For the Nine Months Ended September 30, 2017 2016 2017 2016 Pension Benefits Other Benefits Service cost $ 3.8 $ 3.3 $ — $ — Interest cost 9.5 11.5 — 0.1 Expected return on plan assets (16.0 ) (16.2 ) — — Amortization of prior service cost 0.1 0.2 (1.8 ) (2.3 ) Recognized actuarial loss 6.1 5.7 1.1 1.1 Settlements and curtailments 0.6 0.2 — — Net periodic benefit cost (1) $ 4.1 $ 4.7 $ (0.7 ) $ (1.1 ) (1) All net periodic benefit cost for the three and nine months ended September 30, 2017 and 2016 related to continuing operations.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation: We issue various long-term incentive awards, including performance share units, restricted stock units and stock appreciation rights under the Lennox International Inc. 2010 Incentive Plan, as amended and restated. Stock-based compensation expense related to continuing operations is included in Selling, general and administrative expenses in the accompanying Consolidated Statements of Operations as follows (in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Stock-based compensation expense (1) $ 6.3 $ 9.9 $ 18.8 $ 24.8 (1) All expense was recorded in our Corporate and Other business segment.

Stock Repurchases

Stock Repurchases	9 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Stock Repurchases	Stock Repurchases: Our Board of Directors has authorized a total of $2 billion towards the repurchase of shares of our common stock (collectively referred to as the "Share Repurchase Plans"), including a $550 million share repurchase authorization in 2016. The Share Repurchase Plans authorize open market repurchase transactions and do not have a stated expiration date. As of September 30, 2017 , $396 million of shares may yet be repurchased under the Share Repurchase Plans. On February 9, 2017, the Company entered into a Fixed Dollar Accelerated Share Repurchase Transaction (the “ASR Agreement”) with Morgan Stanley, to effect an accelerated stock buyback of our common stock (the “Common Stock”). Under the ASR Agreement, on February 9, 2017, we paid Morgan Stanley an initial purchase price of $75 million , and Morgan Stanley delivered to us Common Stock, representing approximately 85% of the shares expected to be purchased under the ASR Agreement. The ASR Agreement was completed in the second quarter and Morgan Stanley delivered additional shares for a total of 0.5 million shares of common stock repurchased as part of this ASR Agreement. On April 28, 2017, we entered into another Fixed Dollar ASR Agreement (the "Second ASR Agreement") with J.P. Morgan Chase Bank to effect an accelerated stock buyback of Common Stock. Under the Second ASR Agreement, on April 28, 2017, we paid J.P. Morgan Chase Bank an initial purchase price of $100 million , and J.P. Morgan Chase Bank delivered to us Common Stock, representing approximately 85% of the shares expected to be purchased under the ASR Agreement. The ASR Agreement was completed in the third quarter and J.P. Morgan Chase Bank delivered additional shares for a total of 0.6 million shares of common stock repurchased as part of this ASR Agreement. On July 27, 2017, we entered into another Fixed Dollar ASR Agreement (the "Third ASR Agreement") with Bank of America to effect an accelerated stock buyback of Common Stock. Under the Third ASR Agreement, on July 27, 2017, we paid Bank of America an initial purchase price of $75 million , and Bank of America delivered to us a total of 0.4 million shares of Common Stock, representing approximately 85% of the shares expected to be purchased under the third ASR Agreement. The third ASR Agreement will be completed in the fourth quarter. We also repurchased 0.1 million shares for $16.0 million during the nine months ended September 30, 2017 from employees who surrendered their shares to satisfy minimum tax withholding obligations upon the exercise of long-term incentive awards.

Comprehensive Income

Comprehensive Income	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Comprehensive Income	Comprehensive Income: The following table provides information on items not reclassified in their entirety from AOCL to Net income in the accompanying Consolidated Statements of Operations (in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, Affected Line Item(s) in the Consolidated Statements of Operations 2017 2016 2017 2016 Gains/(Losses) on cash flow hedges: Commodity futures contracts $ 3.5 $ (2.4 ) $ 9.4 $ (10.6 ) Cost of goods sold Income tax (expense)/benefit (1.3 ) 0.8 (3.4 ) 3.7 Provision for income taxes Net of tax $ 2.2 $ (1.6 ) $ 6.0 $ (6.9 ) Defined Benefit Plan items: Pension and post-retirement benefit costs $ (1.8 ) $ (1.6 ) $ (5.5 ) $ (4.8 ) Cost of goods sold; Selling, general and administrative expenses Income tax benefit 0.7 0.6 2.0 1.7 Provision for income taxes Net of tax $ (1.1 ) $ (1.0 ) $ (3.5 ) $ (3.1 ) Total reclassifications from AOCL $ 1.1 $ (2.6 ) $ 2.5 $ (10.0 ) The following table provides information on changes in AOCL , by component (net of tax), for the nine months ended September 30, 2017 (in millions): Gains (Losses) on Cash Flow Hedges Unrealized Gains on Available-for-Sale Securities Defined Benefit Pension Plan Items Foreign Currency Translation Adjustments Total AOCL Balance as of December 31, 2016 $ 5.6 $ 2.3 $ (130.0 ) $ (73.0 ) $ (195.1 ) Other comprehensive income (loss) before reclassifications 6.7 0.2 (5.7 ) 39.4 40.6 Amounts reclassified from AOCL (6.0 ) — 3.5 — (2.5 ) Net other comprehensive income (loss) 0.7 0.2 (2.2 ) 39.4 38.1 Balance as of September 30, 2017 $ 6.3 $ 2.5 $ (132.2 ) $ (33.6 ) $ (157.0 )

Restructuring Charges

Restructuring Charges	9 Months Ended
	Sep. 30, 2017
Restructuring Charges [Abstract]
Restructuring Charges	Restructuring Charges: We record restructuring charges associated with management-approved restructuring plans when we reorganize or remove duplicative headcount and infrastructure within our businesses. Restructuring charges include severance costs to eliminate a specified number of employees, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other related activities. The timing of associated cash payments is dependent upon the type of restructuring charge and can extend over a multi-year period. Restructuring charges are not included in our calculation of segment profit (loss), as more fully explained in Note 14. Restructuring Activities in 2017 Information regarding the restructuring charges for all ongoing activities is presented in the following table (in millions): Charges Incurred in 2017 Charges Incurred to Date Total Charges Expected to be Incurred Severance and related expense $ 1.3 $ 10.6 $ 11.0 Asset write-offs and accelerated depreciation 0.7 3.1 3.1 Lease termination — 0.2 0.2 Other 0.1 3.8 4.1 Total restructuring charges $ 2.1 $ 17.7 $ 18.4 While restructuring charges are excluded from our calculation of segment profit (loss), the table below presents the restructuring charges associated with each segment (in millions): Charges Incurred in 2017 Charges Incurred to Date Total Charges Expected to be Incurred Residential Heating & Cooling $ 0.5 $ 1.4 $ 1.6 Commercial Heating & Cooling 0.7 1.8 1.9 Refrigeration 0.4 12.3 12.3 Corporate & Other 0.5 2.2 2.6 Total restructuring charges $ 2.1 $ 17.7 $ 18.4 Restructuring accruals are included in Accrued expenses in the accompanying Consolidated Balance Sheets. The table below details the activity in 2017 within the restructuring accruals (in millions): Balance as of Included in Cash Non-Cash Utilization and Other Balance as of September 30, 2017 Severance and related expense $ — $ 1.3 $ (0.9 ) $ — $ 0.4 Asset write-offs and accelerated depreciation — 0.7 (0.1 ) (0.6 ) — Lease termination — — — — — Other — 0.1 (0.1 ) — — Total restructuring accruals $ — $ 2.1 $ (1.1 ) $ (0.6 ) $ 0.4

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share: Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income by the sum of the weighted-average number of shares and the number of equivalent shares assumed outstanding, if dilutive, under our stock-based compensation plans. The computations of basic and diluted earnings per share for Income from continuing operations were as follows (in millions, except per share data): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Net income $ 103.5 $ 101.7 $ 262.5 $ 237.3 Add: Loss from discontinued operations 0.5 — 1.4 0.6 Income from continuing operations $ 104.0 $ 101.7 $ 263.9 $ 237.9 Weighted-average shares outstanding – basic 41.9 43.2 42.3 43.6 Add: Potential effect of dilutive securities attributable to stock-based payments 0.5 0.5 0.6 0.6 Weighted-average shares outstanding – diluted 42.4 43.7 42.9 44.2 Earnings per share – Basic: Income from continuing operations $ 2.48 $ 2.35 $ 6.23 $ 5.46 Loss from discontinued operations (0.01 ) — (0.03 ) (0.01 ) Net income $ 2.47 $ 2.35 $ 6.20 $ 5.45 Earnings per share – Diluted: Income from continuing operations $ 2.45 $ 2.33 $ 6.15 $ 5.39 Loss from discontinued operations (0.01 ) — (0.03 ) (0.01 ) Net income $ 2.44 $ 2.33 $ 6.12 $ 5.38 The following stock appreciation rights and restricted stock units were outstanding but not included in the diluted earnings per share calculation because the assumed exercise of such rights would have been anti-dilutive (in millions, except for per share data): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Weighted-average number of shares 0.2 — 0.2 0.2 Price range per share $ 156.94 — $ 156.94 $124.97-$131.94

Reportable Business Segments

Reportable Business Segments	9 Months Ended
	Sep. 30, 2017
Segment Reporting, Measurement Disclosures [Abstract]
Reportable Business Segments	Reportable Business Segments: We operate in three reportable business segments of the heating, ventilation, air conditioning and refrigeration (“HVACR”) industry. Our segments are organized primarily by the nature of the products and services we provide. The following table describes each segment: Segment Product or Services Markets Served Geographic Areas Residential Heating & Cooling Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts Residential Replacement; Residential New Construction United States Canada Commercial Heating & Cooling Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment Light Commercial United States Canada Europe Central America Refrigeration Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems Light Commercial; Food Preservation; Non-Food/Industrial United States Canada Europe Asia Pacific South America Central America We use segment profit or loss as the primary measure of profitability to evaluate operating performance and to allocate capital resources. We define segment profit or loss as a segment’s income or loss from continuing operations before income taxes included in the accompanying Consolidated Statements of Operations, excluding certain items. The reconciliation in the table below details the items excluded. Our corporate costs include those costs related to corporate functions such as legal, internal audit, treasury, human resources, tax compliance and senior executive staff. Corporate costs also include the long-term share-based incentive awards provided to employees throughout LII. We record these share-based awards as corporate costs because they are determined at the discretion of the Board of Directors and based on the historical practice of doing so for internal reporting purposes. Any intercompany sales and associated profit (and any other intercompany items) are eliminated from segment results. There were no significant intercompany eliminations for the periods presented. Segment Data Net sales and segment profit (loss) for each segment, along with a reconciliation of segment profit (loss) to Operating income, are shown below (in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Net sales Residential Heating & Cooling $ 590.5 $ 572.7 $ 1,663.8 $ 1,524.5 Commercial Heating & Cooling 269.4 251.4 723.5 674.7 Refrigeration 192.4 185.9 560.6 545.2 $ 1,052.3 $ 1,010.0 $ 2,947.9 $ 2,744.4 Segment profit (loss) (1) Residential Heating & Cooling $ 114.7 $ 112.7 $ 297.6 $ 266.9 Commercial Heating & Cooling 50.0 48.9 113.8 110.6 Refrigeration 20.0 22.9 55.7 53.2 Corporate and other (23.7 ) (27.3 ) (58.5 ) (65.7 ) Total segment profit 161.0 157.2 408.6 365.0 Reconciliation to Operating income: Special product quality adjustments 0.5 — 5.7 (0.4 ) Items in Losses and other expenses, net that are excluded from segment profit (loss) (1) 4.0 (0.3 ) 10.0 2.9 Restructuring charges 1.9 0.6 2.1 1.2 Operating income $ 154.6 $ 156.9 $ 390.8 $ 361.3 (1) We define segment profit (loss) as a segment's operating income included in the accompanying Consolidated Statements of Operations, excluding: • Special product quality adjustments; • The following items in Losses (gains) and other expenses, net: ◦ Net change in unrealized losses (gains) on unsettled futures contracts, ◦ Special legal contingency charges, ◦ Asbestos-related litigation, ◦ Contractor tax payments, ◦ Environmental liabilities, ◦ Acquisition costs, ◦ Other items, net; and • Restructuring charges. Total Assets by Segment Except for the seasonal increase in total assets across all reportable segments, there have not been any material changes in the composition of total assets by segment since December 31, 2016.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements: Fair Value Hierarchy The methodologies used to determine the fair value of our financial assets and liabilities at September 30, 2017 were the same as those used at December 31, 2016 . Assets and Liabilities Carried at Fair Value on a Recurring Basis Derivatives Derivatives were classified as Level 2 and primarily valued using estimated future cash flows based on observed prices from exchange-traded derivatives. We also considered the counterparty's creditworthiness, or our own creditworthiness, as appropriate. Adjustments were recorded to reflect the risk of credit default, however, they were insignificant to the overall value of the derivatives. Refer to Note 4 for more information related to our derivative instruments. Marketable Equity Securities The following table presents the fair value of an investment in marketable equity securities, classified as Level 1 and related to publicly traded stock of a non-U.S. company, recorded in Other assets, net in the accompanying Consolidated Balance Sheets (in millions): As of September 30, 2017 As of December 31, 2016 Investment in marketable equity securities $ 4.7 $ 4.4 Other Fair Value Disclosures The carrying amounts of Cash and cash equivalents, Accounts and notes receivable, net, Accounts payable, and Short-term debt approximate fair value due to the short maturities of these instruments. The carrying amount of our Domestic Credit Facility in Long-term debt also approximates fair value due to its variable-rate characteristics. The fair value of our senior unsecured notes in Long-term debt, classified as Level 2, was based on the amount of future cash flows using current market rates for debt instruments of similar maturities and credit risk. The following table presents their fair value (in millions): As of September 30, 2017 As of December 31, 2016 Senior unsecured notes $ 316.9 $ 499.3

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	9 Months Ended
	Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Statements	Condensed Consolidating Financial Statements: The Company’s senior unsecured notes are unconditionally guaranteed by certain of the Company’s subsidiaries (the “Guarantor Subsidiaries”) and are not guaranteed by our other subsidiaries (the “Non-Guarantor Subsidiaries”). The Guarantor Subsidiaries are 100% owned, all guarantees are full and unconditional, and all guarantees are joint and several. As a result of the guarantee arrangements, we are required to present the following condensed consolidating financial statements. The condensed consolidating financial statements reflect the investments in subsidiaries of the Company using the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. Condensed consolidating financial statements of the Company, its Guarantor Subsidiaries and Non-Guarantor Subsidiaries as of September 30, 2017 and December 31, 2016 and for the three and nine months ended September 30, 2017 and 2016 are shown on the following pages. Lennox International Inc. and Subsidiaries Condensed Consolidating Balance Sheets As of September 30, 2017 (Amounts in millions) Parent Guarantor Non-Guarantor Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ 1.2 $ 22.4 $ 37.1 $ — $ 60.7 Accounts and notes receivable, net — 35.5 562.6 — 598.1 Inventories, net — 392.2 143.5 (4.8 ) 530.9 Other assets 14.2 34.3 60.7 (28.3 ) 80.9 Total current assets 15.4 484.4 803.9 (33.1 ) 1,270.6 Property, plant and equipment, net — 243.7 135.2 (4.3 ) 374.6 Goodwill — 117.8 65.7 17.1 200.6 Investment in subsidiaries 1,212.8 383.7 — (1,596.5 ) — Deferred income taxes 11.0 112.0 32.5 (12.2 ) 143.3 Other assets, net 1.8 42.1 24.1 (1.4 ) 66.6 Intercompany (payables) receivables, net (453.9 ) 461.3 95.1 (102.5 ) — Total assets $ 787.1 $ 1,845.0 $ 1,156.5 $ (1,732.9 ) $ 2,055.7 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term debt $ — $ — $ 326.0 $ — $ 326.0 Current maturities of long-term debt 21.9 0.3 0.2 — 22.4 Accounts payable 21.3 252.7 120.5 — 394.5 Accrued expenses 5.7 216.6 56.1 — 278.4 Income taxes (receivable) payable (55.7 ) 60.4 48.5 (50.8 ) 2.4 Total current liabilities (6.8 ) 530.0 551.3 (50.8 ) 1,023.7 Long-term debt 761.1 14.3 0.3 — 775.7 Post-retirement benefits, other than pensions — 1.9 — — 1.9 Pensions — 77.1 13.1 — 90.2 Other liabilities 0.3 119.9 11.5 — 131.7 Total liabilities 754.6 743.2 576.2 (50.8 ) 2,023.2 Commitments and contingencies Total stockholders' equity 32.5 1,101.8 580.3 (1,682.1 ) 32.5 Total liabilities and stockholders' equity $ 787.1 $ 1,845.0 $ 1,156.5 $ (1,732.9 ) $ 2,055.7 Lennox International Inc. and Subsidiaries Condensed Consolidating Balance Sheets As of December 31, 2016 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ 1.2 $ 17.1 $ 31.9 $ — $ 50.2 Accounts and notes receivable, net — 30.6 439.2 — 469.8 Inventories, net — 314.7 108.9 (5.1 ) 418.5 Other assets 12.8 48.8 67.5 (61.7 ) 67.4 Total current assets 14.0 411.2 647.5 (66.8 ) 1,005.9 Property, plant and equipment, net — 237.6 123.8 — 361.4 Goodwill — 134.9 60.2 — 195.1 Investment in subsidiaries 1,166.9 524.7 (0.5 ) (1,691.1 ) — Deferred income taxes 6.8 113.5 31.1 (14.7 ) 136.7 Other assets, net 3.6 40.0 19.0 (1.4 ) 61.2 Intercompany (payables) receivables, net (382.4 ) 375.2 80.4 (73.2 ) — Total assets $ 808.9 $ 1,837.1 $ 961.5 $ (1,847.2 ) $ 1,760.3 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term debt $ — $ — $ 52.4 $ — $ 52.4 Current maturities of long-term debt 199.3 0.4 0.4 — 200.1 Accounts payable 18.5 248.5 94.2 — 361.2 Accrued expenses 6.3 206.3 53.3 — 265.9 Income taxes (receivable) payable (54.0 ) 89.8 52.5 (79.3 ) 9.0 Total current liabilities 170.1 545.0 252.8 (79.3 ) 888.6 Long-term debt 600.9 14.5 0.3 — 615.7 Post-retirement benefits, other than pensions — 2.8 — — 2.8 Pensions — 75.5 12.0 — 87.5 Other liabilities — 119.1 11.1 (2.5 ) 127.7 Total liabilities 771.0 756.9 276.2 (81.8 ) 1,722.3 Commitments and contingencies Total stockholders' equity 37.9 1,080.2 685.3 (1,765.4 ) 38.0 Total liabilities and stockholders' equity $ 808.9 $ 1,837.1 $ 961.5 $ (1,847.2 ) $ 1,760.3 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Operations and Comprehensive Income For the Three Months Ended September 30, 2017 (Amounts in millions) Parent Guarantor Non-Guarantor Eliminations Consolidated Net Sales $ — $ 905.6 $ 300.0 $ (153.3 ) $ 1,052.3 Cost of goods sold — 644.8 249.0 (155.2 ) 738.6 Gross profit — 260.8 51.0 1.9 313.7 Operating expenses: Selling, general and administrative expenses — 140.7 18.8 (0.8 ) 158.7 Losses and other expenses, net 0.2 1.9 0.9 — 3.0 Restructuring charges — 1.2 0.7 — 1.9 Income from equity method investments (108.2 ) (21.7 ) (3.5 ) 128.9 (4.5 ) Operating income 108.0 138.7 34.1 (126.2 ) 154.6 Interest expense, net 6.2 (0.6 ) 2.0 — 7.6 Other expense, net — — 0.2 (0.2 ) — Income from continuing operations before income taxes 101.8 139.3 31.9 (126.0 ) 147.0 Provision for income tax (benefit) expense (1.7 ) 30.5 13.5 0.7 43.0 Income from continuing operations 103.5 108.8 18.4 (126.7 ) 104.0 Loss from discontinued operations, net of tax — — (0.5 ) — (0.5 ) Net income $ 103.5 $ 108.8 $ 17.9 $ (126.7 ) $ 103.5 Other comprehensive income, net of tax 0.4 2.1 6.9 — 9.4 Comprehensive income (loss) $ 103.9 $ 110.9 $ 24.8 $ (126.7 ) $ 112.9 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Operations and Comprehensive Income For the Nine Months Ended September 30, 2017 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated Net Sales $ — $ 2,560.6 $ 869.7 $ (482.4 ) $ 2,947.9 Cost of goods sold — 1,830.8 731.1 (479.5 ) 2,082.4 Gross profit — 729.8 138.6 (2.9 ) 865.5 Operating expenses: Selling, general and administrative expenses — 419.2 61.6 (1.2 ) 479.6 Losses (gains) and other expenses, net 1.1 5.8 1.7 (0.1 ) 8.5 Restructuring charges — 1.3 0.8 — 2.1 Income from equity method investments (277.5 ) (52.0 ) (12.7 ) 326.7 (15.5 ) Operating income 276.4 355.5 87.2 (328.3 ) 390.8 Interest expense, net 20.9 (2.3 ) 4.7 — 23.3 Other expense, net — — — (0.2 ) (0.2 ) Income from continuing operations before income taxes 255.5 357.8 82.5 (328.1 ) 367.7 Provision for income tax (benefit) expense (7.0 ) 84.8 26.2 (0.2 ) 103.8 Income from continuing operations 262.5 273.0 56.3 (327.9 ) 263.9 Loss from discontinued operations, net of tax — — (1.4 ) — (1.4 ) Net income $ 262.5 $ 273.0 $ 54.9 $ (327.9 ) $ 262.5 Other comprehensive income, net of tax $ 0.5 $ 9.7 $ 27.9 $ — $ 38.1 Comprehensive income (loss) $ 263.0 $ 282.7 $ 82.8 $ (327.9 ) $ 300.6 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Operations and Comprehensive Income For the Three Months Ended September 30, 2016 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated Net Sales $ — $ 870.5 $ 186.9 $ (47.4 ) $ 1,010.0 Cost of goods sold — 603.4 143.7 (47.4 ) 699.7 Gross profit — 267.1 43.2 — 310.3 Operating expenses: Selling, general and administrative expenses — 135.9 20.6 — 156.5 (Gains) losses and other expenses, net (1.1 ) 1.1 0.7 — 0.7 Restructuring charges — 0.5 0.1 — 0.6 Income from equity method investments (105.0 ) (10.0 ) (3.2 ) 113.8 (4.4 ) Operating income 106.1 139.6 25.0 (113.8 ) 156.9 Interest expense, net 6.1 (0.5 ) 1.4 — 7.0 Other expense, net — — — — — Income from continuing operations before income taxes 100.0 140.1 23.6 (113.8 ) 149.9 Provision for income tax (benefit) expense (1.7 ) 42.3 7.6 — 48.2 Income from continuing operations 101.7 97.8 16.0 (113.8 ) 101.7 Loss from discontinued operations, net of tax — — — — — Net income $ 101.7 $ 97.8 $ 16.0 $ (113.8 ) $ 101.7 Other comprehensive income (loss), net of tax 2.7 (0.4 ) (2.3 ) (0.4 ) (0.4 ) Comprehensive income (loss) $ 104.4 $ 97.4 $ 13.7 $ (114.2 ) $ 101.3 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Operations and Comprehensive Income For the Nine Months Ended September 30, 2016 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated Net Sales $ — $ 2,368.8 $ 514.1 $ (138.5 ) $ 2,744.4 Cost of goods sold — 1,675.6 396.3 (136.4 ) 1,935.5 Gross profit — 693.2 117.8 (2.1 ) 808.9 Operating expenses: Selling, general and administrative expenses — 394.6 61.6 — 456.2 (Gains) losses and other expenses, net (1.7 ) 4.3 3.0 (0.1 ) 5.5 Restructuring charges (gains) — 1.5 (0.3 ) — 1.2 Income from equity method investments (248.5 ) (19.5 ) (12.4 ) 265.1 (15.3 ) Operating income 250.2 312.3 65.9 (267.1 ) 361.3 Interest expense, net 17.7 (1.5 ) 3.4 — 19.6 Other expense, net — — (0.2 ) — (0.2 ) Income from continuing operations before income taxes 232.5 313.8 62.7 (267.1 ) 341.9 Provision for income tax (benefit) expense (4.9 ) 89.1 20.5 (0.7 ) 104.0 Income from continuing operations 237.4 224.7 42.2 (266.4 ) 237.9 Loss from discontinued operations, net of tax — — 0.6 — 0.6 Net income $ 237.4 $ 224.7 $ 41.6 $ (266.4 ) $ 237.3 Other comprehensive income, net of tax 7.7 2.0 6.7 1.3 17.7 Comprehensive income (loss) $ 245.1 $ 226.7 $ 48.3 $ (265.1 ) $ 255.0 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2017 (Amounts in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities $ 411.6 $ (2.4 ) $ (279.6 ) $ (0.6 ) $ 129.0 Cash flows from investing activities: Proceeds from the disposal of property, plant and equipment — 0.1 — 0.1 0.2 Purchases of property, plant and equipment — (48.3 ) (12.2 ) — (60.5 ) Net cash used in investing activities — (48.2 ) (12.2 ) 0.1 (60.3 ) Cash flows from financing activities: Short-term borrowings, net — — (1.4 ) — (1.4 ) Asset securitization borrowings — — 275.0 — 275.0 Asset securitization payments — — — — — Long-term debt payments (200.0 ) (0.2 ) (0.1 ) (0.5 ) (200.8 ) Long-term borrowings — 0.1 (0.1 ) — — Borrowings from credit facility 1,883.0 (0.2 ) (0.2 ) 0.4 1,883.0 Payments on credit facility (1,701.0 ) — — — (1,701.0 ) Proceeds from employee stock purchases 2.3 — — — 2.3 Repurchases of common stock (250.0 ) — — — (250.0 ) Repurchases of common stock to satisfy employee withholding tax obligations (16.0 ) — — — (16.0 ) Intercompany debt 102.8 (34.8 ) (68.0 ) — — Intercompany financing activity (174.3 ) 91.0 82.7 0.6 — Cash dividends paid (58.4 ) — — — (58.4 ) Net cash (used in) provided by financing activities (411.6 ) 55.9 287.9 0.5 (67.3 ) Increase (decrease) in cash and cash equivalents — 5.3 (3.9 ) — 1.4 Effect of exchange rates on cash and cash equivalents — — 9.1 — 9.1 Cash and cash equivalents, beginning of period 1.2 17.1 31.9 — 50.2 Cash and cash equivalents, end of period $ 1.2 $ 22.4 $ 37.1 $ — $ 60.7 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2016 (Amounts in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities $ 15.5 $ 262.2 $ (150.8 ) $ — $ 126.9 Cash flows from investing activities: Purchases of property, plant and equipment — (52.4 ) (7.0 ) — (59.4 ) Net cash used in investing activities — (52.4 ) (7.0 ) — (59.4 ) Cash flows from financing activities: Short-term borrowings, net — — (2.1 ) — (2.1 ) Asset securitization borrowings — — 145.0 — 145.0 Asset securitization payments — — (20.0 ) — (20.0 ) Long-term debt payments (30.0 ) (0.6 ) (0.3 ) — (30.9 ) Borrowings from credit facility 1,715.0 — — — 1,715.0 Payments on credit facility (1,493.0 ) — — — (1,493.0 ) Proceeds from employee stock purchases 1.9 — — — 1.9 Payments of deferred financing costs (0.9 ) — — — (0.9 ) Repurchases of common stock (300.0 ) — — — (300.0 ) Repurchases of common stock to satisfy employee withholding tax obligations (26.3 ) — — — (26.3 ) Intercompany debt (6.6 ) (5.1 ) 11.7 — — Intercompany financing activity 178.9 (196.0 ) 17.1 — — Intercompany investments — — — — — — Cash dividends paid (50.5 ) — — — (50.5 ) Net cash (used in) provided by financing activities (11.5 ) (201.7 ) 151.4 — (61.8 ) Increase (decrease) in cash and cash equivalents 4.0 8.1 (6.4 ) — 5.7 Effect of exchange rates on cash and cash equivalents — — 3.2 — 3.2 Cash and cash equivalents, beginning of period 0.5 7.8 30.6 — 38.9 Cash and cash equivalents, end of period $ 4.5 $ 15.9 $ 27.4 $ — $ 47.8

General (Policies)

General (Policies)	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Consolidated Balance Sheet as of September 30, 2017 , the accompanying unaudited Consolidated Statements of Operations for the three and nine months ended September 30, 2017 and 2016 , the accompanying unaudited Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2017 and 2016 , and the accompanying unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2017 and 2016 should be read in conjunction with our audited consolidated financial statements and footnotes included in our Annual Report on Form 10-K for the year ended December 31, 2016 . The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The accompanying consolidated financial statements contain all material adjustments, consisting principally of normal recurring adjustments, necessary for a fair presentation of our financial position, results of operations and cash flows. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to applicable rules and regulations, although we believe that the disclosures herein are adequate to make the information presented not misleading. The operating results for the interim periods are not necessarily indicative of the results that may be expected for a full year. Our fiscal quarterly periods are comprised of approximately 13 weeks, but the number of days per quarter may vary year-over-year. Our quarterly reporting periods usually end on the Saturday closest to the last day of March, June and September. Our fourth quarter and fiscal year ends on December 31, regardless of the day of the week on which December 31 falls.
Use of Estimates	Use of Estimates The preparation of financial statements requires us to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible assets and other long-lived assets, contingencies, guarantee obligations, indemnifications, and assumptions used in the calculation of income taxes, pension and post-retirement medical benefits, and stock-based compensation, among others. These estimates and assumptions are based on our best estimates and judgment. We evaluate these estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We believe these estimates and assumptions to be reasonable under the circumstances and will adjust such estimates and assumptions when facts and circumstances dictate. Volatile equity, foreign currency and commodity markets combine to increase the uncertainty inherent in such estimates and assumptions. Future events and their effects cannot be determined with precision and actual results could differ significantly from these estimates. Changes in these estimates will be reflected in the financial statements in future periods.
Reclassifications	Reclassifications Certain amounts have been reclassified from the prior year presentation to conform to the current year presentation.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Components of inventories	The components of inventories are as follows (in millions): As of September 30, 2017 As of December 31, 2016 Finished goods $ 369.1 $ 287.2 Work in process 8.6 5.1 Raw materials and parts 209.4 183.4 Subtotal 587.1 475.7 Excess of current cost over last-in, first-out cost (56.2 ) (57.2 ) Total inventories, net $ 530.9 $ 418.5

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill	The changes in the carrying amount of goodwill for the first nine months of 2017, in total and by segment, are summarized in the table below (in millions): Balance at December 31, 2016 Changes in foreign currency translation rates Balance at September 30, 2017 Residential Heating & Cooling $ 26.1 $ — $ 26.1 Commercial Heating & Cooling 60.1 1.8 61.9 Refrigeration 108.9 3.7 112.6 Total Goodwill $ 195.1 $ 5.5 $ 200.6

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amounts related to cash flow hedges	We recorded the following amounts in AOCL related to our cash flow hedges (in millions): As of September 30, 2017 As of December 31, 2016 Unrealized (gains) losses on unsettled contracts $ (9.9 ) $ (8.9 ) Income tax expense 3.6 3.3 Gains included in AOCL, net of tax (1) $ (6.3 ) $ (5.6 ) (1) Assuming commodity and foreign currency prices remain constant, we expect to reclassify $6.1 million of derivative gains into earnings within the next 12 months.
Outstanding contracts designated and not designated as cash flow hedges	We had the following outstanding commodity futures contracts not designated as cash flow hedges (in millions of pounds): As of September 30, 2017 As of December 31, 2016 Copper 1.8 2.4 Aluminum 1.9 2.6 We also had the following outstanding foreign currency forward contracts not designated as cash flow hedges (in millions): As of September 30, 2017 As of December 31, 2016 Notional Amounts (in local currency): Chinese Yuan 52.3 10.5 Mexican Peso 35.7 64.5 Euro 60.7 46.9 Canadian Dollar 31.0 — British Pound 4.9 1.3 Singapore Dollar 6.5 — Australian Dollar 40.0 — New Zealand Dollar 6.5 — Indian Rupee 169.4 584.6 We had the following outstanding commodity futures contracts designated as cash flow hedges (in millions of pounds): As of September 30, 2017 As of December 31, 2016 Copper 18.9 30.4 We had the following outstanding foreign exchange forward contracts designated as cash flow hedges (in millions): As of September 30, 2017 As of December 31, 2016 Notional Amounts (in local currency): Mexican Peso 69.8 310.1 Canadian Dollar 83.1 24.9
Location and amounts of derivative fair values in Consolidated Balance Sheets and derivative gains and losses in Consolidated Statements of Operations	The following tables provide the locations and amounts of derivative fair values in the Consolidated Balance Sheets and derivative gains and losses in the Consolidated Statements of Operations (in millions): Fair Values of Derivative Instruments (1) Derivatives Designated as Hedging Instruments Derivatives Not Designated as Hedging Instruments As of September 30, 2017 As of December 31, 2016 As of September 30, 2017 As of December 31, 2016 Current Assets: Other Assets Commodity futures contracts $ 9.7 $ 8.7 $ 1.0 $ 0.7 Foreign currency forward contracts 0.4 0.5 0.2 0.2 Non-Current Assets: Other Assets, net Commodity futures contracts 0.3 1.9 — 0.2 Total Assets $ 10.4 $ 11.1 $ 1.2 $ 1.1 Current Liabilities: Accrued Expenses Foreign currency forward contracts $ 0.4 $ 0.8 $ 1.5 $ 3.2 Total Liabilities $ 0.4 $ 0.8 $ 1.5 $ 3.2 (1) All derivative instruments are classified as Level 2 within the fair value hierarchy. See Note 15 for more information.
Effect of derivative instruments on Consolidated Statements of Operations	Derivatives Designated as Cash Flow Hedges For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Amount of (Gain)/Loss reclassified from AOCL into Income (effective portion) (1) $ (3.5 ) $ 2.4 $ (9.4 ) $ 10.6 Amount of (Gain)/Loss recognized in Net income (ineffective portion) (2) $ (0.1 ) $ (0.5 ) $ 1.1 $ (0.4 ) Derivatives Not Designated as Hedging Instruments For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Amount of (Gain)/Loss Recognized in Net Income: Commodity futures contracts (2) $ (0.2 ) $ (0.3 ) $ (1.3 ) $ (0.2 ) Foreign currency forward contracts (2) (0.4 ) 0.4 (4.3 ) 0.3 $ (0.6 ) $ 0.1 $ (5.6 ) $ 0.1 (1) The (gain)/loss was recorded in Cost of goods sold in the accompanying Consolidated Statements of Operations. (2) The (gain)/loss was recorded in Losses and other expenses, net in the accompanying Consolidated Statements of Operations.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Summary of total liabilities for estimated warranty are included in the accompanying Consolidated Balance Sheets	Liabilities for estimated product warranty costs related to continuing operations are included in the following captions on the accompanying Consolidated Balance Sheets (in millions): As of September 30, 2017 As of December 31, 2016 Accrued expenses $ 34.9 $ 30.0 Other liabilities 72.7 71.1 Total warranty liability $ 107.6 $ 101.1
Summary of changes in the total warranty liabilities	The changes in product warranty liabilities related to continuing operations for the nine months ended September 30, 2017 were as follows (in millions): Total warranty liability as of December 31, 2016 $ 101.1 Warranty claims paid (21.6 ) Changes resulting from issuance of new warranties 32.2 Changes in estimates associated with pre-existing liabilities (4.7 ) Changes in foreign currency translation rates and other 0.6 Total warranty liability as of September 30, 2017 $ 107.6

Lines of Credit and Financing28

Lines of Credit and Financing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Summary of outstanding debt obligations	The following table summarizes our outstanding debt obligations and their classification in the accompanying Consolidated Balance Sheets (in millions): As of September 30, 2017 As of December 31, 2016 Short-Term Debt: Asset Securitization Program $ 325.0 $ 50.0 Foreign obligations 1.0 2.4 Total short-term debt $ 326.0 $ 52.4 Current maturities of long-term debt: Capital lease obligations $ 0.5 $ 0.8 Domestic credit facility 22.5 — Senior unsecured notes — 200.0 Debt issuance costs (0.6 ) (0.7 ) Total current maturities of long-term debt $ 22.4 $ 200.1 Long-Term Debt: Capital lease obligations $ 14.7 $ 15.0 Domestic credit facility 415.5 256.0 Senior unsecured notes 350.0 350.0 Debt issuance costs (4.5 ) (5.3 ) Total long-term debt $ 775.7 $ 615.7 Total debt $ 1,124.1 $ 868.2
Eligible amounts available and beneficial interests sold	The eligible amounts available and beneficial interests sold were as follows (in millions): As of September 30, 2017 As of December 31, 2016 Eligible amount available under the ASP on qualified accounts receivable $ 325.0 $ 250.0 Less: Beneficial interest sold 325.0 50.0 Remaining amount available $ — $ 200.0
Summary of weighted average borrowing rate facility	Our weighted average borrowing rate on the facility was as follows: As of September 30, 2017 As of December 31, 2016 Weighted average borrowing rate 2.47 % 2.00 %
Schedule of required ratios under the domestic credit facility	The required ratios under our Domestic Credit Facility are detailed below: Consolidated Indebtedness to Adjusted EBITDA Ratio no greater than 3.5 : 1.0 Cash Flow to Net Interest Expense Ratio no less than 3.0 : 1.0

Pension and Post-Retirement B29

Pension and Post-Retirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Components of net periodic benefit cost	The components of net periodic benefit cost were as follows (in millions): For the Three Months Ended September 30, 2017 2016 2017 2016 Pension Benefits Other Benefits Service cost $ 1.3 $ 1.1 $ — $ — Interest cost 3.2 3.8 — — Expected return on plan assets (5.3 ) (5.4 ) — — Amortization of prior service cost — 0.1 (0.6 ) (0.8 ) Recognized actuarial loss 2.0 1.9 0.4 0.4 Settlements and curtailments — 0.2 — — Net periodic benefit cost (1) $ 1.2 $ 1.7 $ (0.2 ) $ (0.4 ) For the Nine Months Ended September 30, 2017 2016 2017 2016 Pension Benefits Other Benefits Service cost $ 3.8 $ 3.3 $ — $ — Interest cost 9.5 11.5 — 0.1 Expected return on plan assets (16.0 ) (16.2 ) — — Amortization of prior service cost 0.1 0.2 (1.8 ) (2.3 ) Recognized actuarial loss 6.1 5.7 1.1 1.1 Settlements and curtailments 0.6 0.2 — — Net periodic benefit cost (1) $ 4.1 $ 4.7 $ (0.7 ) $ (1.1 ) (1) All net periodic benefit cost for the three and nine months ended September 30, 2017 and 2016 related to continuing operations.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock -based compensation expense in operations	Stock-based compensation expense related to continuing operations is included in Selling, general and administrative expenses in the accompanying Consolidated Statements of Operations as follows (in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Stock-based compensation expense (1) $ 6.3 $ 9.9 $ 18.8 $ 24.8 (1) All expense was recorded in our Corporate and Other business segment.

Comprehensive Income (Tables)

Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Reclassification out of accumulated other comprehensive income	The following table provides information on items not reclassified in their entirety from AOCL to Net income in the accompanying Consolidated Statements of Operations (in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, Affected Line Item(s) in the Consolidated Statements of Operations 2017 2016 2017 2016 Gains/(Losses) on cash flow hedges: Commodity futures contracts $ 3.5 $ (2.4 ) $ 9.4 $ (10.6 ) Cost of goods sold Income tax (expense)/benefit (1.3 ) 0.8 (3.4 ) 3.7 Provision for income taxes Net of tax $ 2.2 $ (1.6 ) $ 6.0 $ (6.9 ) Defined Benefit Plan items: Pension and post-retirement benefit costs $ (1.8 ) $ (1.6 ) $ (5.5 ) $ (4.8 ) Cost of goods sold; Selling, general and administrative expenses Income tax benefit 0.7 0.6 2.0 1.7 Provision for income taxes Net of tax $ (1.1 ) $ (1.0 ) $ (3.5 ) $ (3.1 ) Total reclassifications from AOCL $ 1.1 $ (2.6 ) $ 2.5 $ (10.0 )
Changes in AOCI by component (net of tax)	The following table provides information on changes in AOCL , by component (net of tax), for the nine months ended September 30, 2017 (in millions): Gains (Losses) on Cash Flow Hedges Unrealized Gains on Available-for-Sale Securities Defined Benefit Pension Plan Items Foreign Currency Translation Adjustments Total AOCL Balance as of December 31, 2016 $ 5.6 $ 2.3 $ (130.0 ) $ (73.0 ) $ (195.1 ) Other comprehensive income (loss) before reclassifications 6.7 0.2 (5.7 ) 39.4 40.6 Amounts reclassified from AOCL (6.0 ) — 3.5 — (2.5 ) Net other comprehensive income (loss) 0.7 0.2 (2.2 ) 39.4 38.1 Balance as of September 30, 2017 $ 6.3 $ 2.5 $ (132.2 ) $ (33.6 ) $ (157.0 )

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Sep. 30, 2017
Restructuring Charges [Abstract]
Information regarding restructuring charges	Information regarding the restructuring charges for all ongoing activities is presented in the following table (in millions): Charges Incurred in 2017 Charges Incurred to Date Total Charges Expected to be Incurred Severance and related expense $ 1.3 $ 10.6 $ 11.0 Asset write-offs and accelerated depreciation 0.7 3.1 3.1 Lease termination — 0.2 0.2 Other 0.1 3.8 4.1 Total restructuring charges $ 2.1 $ 17.7 $ 18.4
Information regarding restructuring charges by segment	While restructuring charges are excluded from our calculation of segment profit (loss), the table below presents the restructuring charges associated with each segment (in millions): Charges Incurred in 2017 Charges Incurred to Date Total Charges Expected to be Incurred Residential Heating & Cooling $ 0.5 $ 1.4 $ 1.6 Commercial Heating & Cooling 0.7 1.8 1.9 Refrigeration 0.4 12.3 12.3 Corporate & Other 0.5 2.2 2.6 Total restructuring charges $ 2.1 $ 17.7 $ 18.4 The following table describes each segment: Segment Product or Services Markets Served Geographic Areas Residential Heating & Cooling Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts Residential Replacement; Residential New Construction United States Canada Commercial Heating & Cooling Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment Light Commercial United States Canada Europe Central America Refrigeration Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems Light Commercial; Food Preservation; Non-Food/Industrial United States Canada Europe Asia Pacific South America Central America
Details activity within the restructuring reserves	The table below details the activity in 2017 within the restructuring accruals (in millions): Balance as of Included in Cash Non-Cash Utilization and Other Balance as of September 30, 2017 Severance and related expense $ — $ 1.3 $ (0.9 ) $ — $ 0.4 Asset write-offs and accelerated depreciation — 0.7 (0.1 ) (0.6 ) — Lease termination — — — — — Other — 0.1 (0.1 ) — — Total restructuring accruals $ — $ 2.1 $ (1.1 ) $ (0.6 ) $ 0.4

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Computations of basic and diluted loss per share for loss from continuing operations	The computations of basic and diluted earnings per share for Income from continuing operations were as follows (in millions, except per share data): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Net income $ 103.5 $ 101.7 $ 262.5 $ 237.3 Add: Loss from discontinued operations 0.5 — 1.4 0.6 Income from continuing operations $ 104.0 $ 101.7 $ 263.9 $ 237.9 Weighted-average shares outstanding – basic 41.9 43.2 42.3 43.6 Add: Potential effect of dilutive securities attributable to stock-based payments 0.5 0.5 0.6 0.6 Weighted-average shares outstanding – diluted 42.4 43.7 42.9 44.2 Earnings per share – Basic: Income from continuing operations $ 2.48 $ 2.35 $ 6.23 $ 5.46 Loss from discontinued operations (0.01 ) — (0.03 ) (0.01 ) Net income $ 2.47 $ 2.35 $ 6.20 $ 5.45 Earnings per share – Diluted: Income from continuing operations $ 2.45 $ 2.33 $ 6.15 $ 5.39 Loss from discontinued operations (0.01 ) — (0.03 ) (0.01 ) Net income $ 2.44 $ 2.33 $ 6.12 $ 5.38
Stock appreciation rights were outstanding, but not included in the diluted loss per share calculation	The following stock appreciation rights and restricted stock units were outstanding but not included in the diluted earnings per share calculation because the assumed exercise of such rights would have been anti-dilutive (in millions, except for per share data): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Weighted-average number of shares 0.2 — 0.2 0.2 Price range per share $ 156.94 — $ 156.94 $124.97-$131.94

Reportable Business Segments (T

Reportable Business Segments (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting, Measurement Disclosures [Abstract]
Summary of segment description	While restructuring charges are excluded from our calculation of segment profit (loss), the table below presents the restructuring charges associated with each segment (in millions): Charges Incurred in 2017 Charges Incurred to Date Total Charges Expected to be Incurred Residential Heating & Cooling $ 0.5 $ 1.4 $ 1.6 Commercial Heating & Cooling 0.7 1.8 1.9 Refrigeration 0.4 12.3 12.3 Corporate & Other 0.5 2.2 2.6 Total restructuring charges $ 2.1 $ 17.7 $ 18.4 The following table describes each segment: Segment Product or Services Markets Served Geographic Areas Residential Heating & Cooling Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts Residential Replacement; Residential New Construction United States Canada Commercial Heating & Cooling Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment Light Commercial United States Canada Europe Central America Refrigeration Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems Light Commercial; Food Preservation; Non-Food/Industrial United States Canada Europe Asia Pacific South America Central America
Net sales and segment profit (loss) and reconciliation of segment profit (loss) to income from continuing operations before income taxes	Net sales and segment profit (loss) for each segment, along with a reconciliation of segment profit (loss) to Operating income, are shown below (in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Net sales Residential Heating & Cooling $ 590.5 $ 572.7 $ 1,663.8 $ 1,524.5 Commercial Heating & Cooling 269.4 251.4 723.5 674.7 Refrigeration 192.4 185.9 560.6 545.2 $ 1,052.3 $ 1,010.0 $ 2,947.9 $ 2,744.4 Segment profit (loss) (1) Residential Heating & Cooling $ 114.7 $ 112.7 $ 297.6 $ 266.9 Commercial Heating & Cooling 50.0 48.9 113.8 110.6 Refrigeration 20.0 22.9 55.7 53.2 Corporate and other (23.7 ) (27.3 ) (58.5 ) (65.7 ) Total segment profit 161.0 157.2 408.6 365.0 Reconciliation to Operating income: Special product quality adjustments 0.5 — 5.7 (0.4 ) Items in Losses and other expenses, net that are excluded from segment profit (loss) (1) 4.0 (0.3 ) 10.0 2.9 Restructuring charges 1.9 0.6 2.1 1.2 Operating income $ 154.6 $ 156.9 $ 390.8 $ 361.3 (1) We define segment profit (loss) as a segment's operating income included in the accompanying Consolidated Statements of Operations, excluding: • Special product quality adjustments; • The following items in Losses (gains) and other expenses, net: ◦ Net change in unrealized losses (gains) on unsettled futures contracts, ◦ Special legal contingency charges, ◦ Asbestos-related litigation, ◦ Contractor tax payments, ◦ Environmental liabilities, ◦ Acquisition costs, ◦ Other items, net; and • Restructuring charges.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	The following table presents the fair value of an investment in marketable equity securities, classified as Level 1 and related to publicly traded stock of a non-U.S. company, recorded in Other assets, net in the accompanying Consolidated Balance Sheets (in millions): As of September 30, 2017 As of December 31, 2016 Investment in marketable equity securities $ 4.7 $ 4.4
Other fair value measurements	The following table presents their fair value (in millions): As of September 30, 2017 As of December 31, 2016 Senior unsecured notes $ 316.9 $ 499.3

Condensed Consolidating Finan36

Condensed Consolidating Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheets	Lennox International Inc. and Subsidiaries Condensed Consolidating Balance Sheets As of September 30, 2017 (Amounts in millions) Parent Guarantor Non-Guarantor Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ 1.2 $ 22.4 $ 37.1 $ — $ 60.7 Accounts and notes receivable, net — 35.5 562.6 — 598.1 Inventories, net — 392.2 143.5 (4.8 ) 530.9 Other assets 14.2 34.3 60.7 (28.3 ) 80.9 Total current assets 15.4 484.4 803.9 (33.1 ) 1,270.6 Property, plant and equipment, net — 243.7 135.2 (4.3 ) 374.6 Goodwill — 117.8 65.7 17.1 200.6 Investment in subsidiaries 1,212.8 383.7 — (1,596.5 ) — Deferred income taxes 11.0 112.0 32.5 (12.2 ) 143.3 Other assets, net 1.8 42.1 24.1 (1.4 ) 66.6 Intercompany (payables) receivables, net (453.9 ) 461.3 95.1 (102.5 ) — Total assets $ 787.1 $ 1,845.0 $ 1,156.5 $ (1,732.9 ) $ 2,055.7 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term debt $ — $ — $ 326.0 $ — $ 326.0 Current maturities of long-term debt 21.9 0.3 0.2 — 22.4 Accounts payable 21.3 252.7 120.5 — 394.5 Accrued expenses 5.7 216.6 56.1 — 278.4 Income taxes (receivable) payable (55.7 ) 60.4 48.5 (50.8 ) 2.4 Total current liabilities (6.8 ) 530.0 551.3 (50.8 ) 1,023.7 Long-term debt 761.1 14.3 0.3 — 775.7 Post-retirement benefits, other than pensions — 1.9 — — 1.9 Pensions — 77.1 13.1 — 90.2 Other liabilities 0.3 119.9 11.5 — 131.7 Total liabilities 754.6 743.2 576.2 (50.8 ) 2,023.2 Commitments and contingencies Total stockholders' equity 32.5 1,101.8 580.3 (1,682.1 ) 32.5 Total liabilities and stockholders' equity $ 787.1 $ 1,845.0 $ 1,156.5 $ (1,732.9 ) $ 2,055.7 Lennox International Inc. and Subsidiaries Condensed Consolidating Balance Sheets As of December 31, 2016 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ 1.2 $ 17.1 $ 31.9 $ — $ 50.2 Accounts and notes receivable, net — 30.6 439.2 — 469.8 Inventories, net — 314.7 108.9 (5.1 ) 418.5 Other assets 12.8 48.8 67.5 (61.7 ) 67.4 Total current assets 14.0 411.2 647.5 (66.8 ) 1,005.9 Property, plant and equipment, net — 237.6 123.8 — 361.4 Goodwill — 134.9 60.2 — 195.1 Investment in subsidiaries 1,166.9 524.7 (0.5 ) (1,691.1 ) — Deferred income taxes 6.8 113.5 31.1 (14.7 ) 136.7 Other assets, net 3.6 40.0 19.0 (1.4 ) 61.2 Intercompany (payables) receivables, net (382.4 ) 375.2 80.4 (73.2 ) — Total assets $ 808.9 $ 1,837.1 $ 961.5 $ (1,847.2 ) $ 1,760.3 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Short-term debt $ — $ — $ 52.4 $ — $ 52.4 Current maturities of long-term debt 199.3 0.4 0.4 — 200.1 Accounts payable 18.5 248.5 94.2 — 361.2 Accrued expenses 6.3 206.3 53.3 — 265.9 Income taxes (receivable) payable (54.0 ) 89.8 52.5 (79.3 ) 9.0 Total current liabilities 170.1 545.0 252.8 (79.3 ) 888.6 Long-term debt 600.9 14.5 0.3 — 615.7 Post-retirement benefits, other than pensions — 2.8 — — 2.8 Pensions — 75.5 12.0 — 87.5 Other liabilities — 119.1 11.1 (2.5 ) 127.7 Total liabilities 771.0 756.9 276.2 (81.8 ) 1,722.3 Commitments and contingencies Total stockholders' equity 37.9 1,080.2 685.3 (1,765.4 ) 38.0 Total liabilities and stockholders' equity $ 808.9 $ 1,837.1 $ 961.5 $ (1,847.2 ) $ 1,760.3
Condensed Consolidating Statements of Operations and Comprehensive Income	Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Operations and Comprehensive Income For the Three Months Ended September 30, 2017 (Amounts in millions) Parent Guarantor Non-Guarantor Eliminations Consolidated Net Sales $ — $ 905.6 $ 300.0 $ (153.3 ) $ 1,052.3 Cost of goods sold — 644.8 249.0 (155.2 ) 738.6 Gross profit — 260.8 51.0 1.9 313.7 Operating expenses: Selling, general and administrative expenses — 140.7 18.8 (0.8 ) 158.7 Losses and other expenses, net 0.2 1.9 0.9 — 3.0 Restructuring charges — 1.2 0.7 — 1.9 Income from equity method investments (108.2 ) (21.7 ) (3.5 ) 128.9 (4.5 ) Operating income 108.0 138.7 34.1 (126.2 ) 154.6 Interest expense, net 6.2 (0.6 ) 2.0 — 7.6 Other expense, net — — 0.2 (0.2 ) — Income from continuing operations before income taxes 101.8 139.3 31.9 (126.0 ) 147.0 Provision for income tax (benefit) expense (1.7 ) 30.5 13.5 0.7 43.0 Income from continuing operations 103.5 108.8 18.4 (126.7 ) 104.0 Loss from discontinued operations, net of tax — — (0.5 ) — (0.5 ) Net income $ 103.5 $ 108.8 $ 17.9 $ (126.7 ) $ 103.5 Other comprehensive income, net of tax 0.4 2.1 6.9 — 9.4 Comprehensive income (loss) $ 103.9 $ 110.9 $ 24.8 $ (126.7 ) $ 112.9 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Operations and Comprehensive Income For the Nine Months Ended September 30, 2017 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated Net Sales $ — $ 2,560.6 $ 869.7 $ (482.4 ) $ 2,947.9 Cost of goods sold — 1,830.8 731.1 (479.5 ) 2,082.4 Gross profit — 729.8 138.6 (2.9 ) 865.5 Operating expenses: Selling, general and administrative expenses — 419.2 61.6 (1.2 ) 479.6 Losses (gains) and other expenses, net 1.1 5.8 1.7 (0.1 ) 8.5 Restructuring charges — 1.3 0.8 — 2.1 Income from equity method investments (277.5 ) (52.0 ) (12.7 ) 326.7 (15.5 ) Operating income 276.4 355.5 87.2 (328.3 ) 390.8 Interest expense, net 20.9 (2.3 ) 4.7 — 23.3 Other expense, net — — — (0.2 ) (0.2 ) Income from continuing operations before income taxes 255.5 357.8 82.5 (328.1 ) 367.7 Provision for income tax (benefit) expense (7.0 ) 84.8 26.2 (0.2 ) 103.8 Income from continuing operations 262.5 273.0 56.3 (327.9 ) 263.9 Loss from discontinued operations, net of tax — — (1.4 ) — (1.4 ) Net income $ 262.5 $ 273.0 $ 54.9 $ (327.9 ) $ 262.5 Other comprehensive income, net of tax $ 0.5 $ 9.7 $ 27.9 $ — $ 38.1 Comprehensive income (loss) $ 263.0 $ 282.7 $ 82.8 $ (327.9 ) $ 300.6 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Operations and Comprehensive Income For the Three Months Ended September 30, 2016 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated Net Sales $ — $ 870.5 $ 186.9 $ (47.4 ) $ 1,010.0 Cost of goods sold — 603.4 143.7 (47.4 ) 699.7 Gross profit — 267.1 43.2 — 310.3 Operating expenses: Selling, general and administrative expenses — 135.9 20.6 — 156.5 (Gains) losses and other expenses, net (1.1 ) 1.1 0.7 — 0.7 Restructuring charges — 0.5 0.1 — 0.6 Income from equity method investments (105.0 ) (10.0 ) (3.2 ) 113.8 (4.4 ) Operating income 106.1 139.6 25.0 (113.8 ) 156.9 Interest expense, net 6.1 (0.5 ) 1.4 — 7.0 Other expense, net — — — — — Income from continuing operations before income taxes 100.0 140.1 23.6 (113.8 ) 149.9 Provision for income tax (benefit) expense (1.7 ) 42.3 7.6 — 48.2 Income from continuing operations 101.7 97.8 16.0 (113.8 ) 101.7 Loss from discontinued operations, net of tax — — — — — Net income $ 101.7 $ 97.8 $ 16.0 $ (113.8 ) $ 101.7 Other comprehensive income (loss), net of tax 2.7 (0.4 ) (2.3 ) (0.4 ) (0.4 ) Comprehensive income (loss) $ 104.4 $ 97.4 $ 13.7 $ (114.2 ) $ 101.3 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Operations and Comprehensive Income For the Nine Months Ended September 30, 2016 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated Net Sales $ — $ 2,368.8 $ 514.1 $ (138.5 ) $ 2,744.4 Cost of goods sold — 1,675.6 396.3 (136.4 ) 1,935.5 Gross profit — 693.2 117.8 (2.1 ) 808.9 Operating expenses: Selling, general and administrative expenses — 394.6 61.6 — 456.2 (Gains) losses and other expenses, net (1.7 ) 4.3 3.0 (0.1 ) 5.5 Restructuring charges (gains) — 1.5 (0.3 ) — 1.2 Income from equity method investments (248.5 ) (19.5 ) (12.4 ) 265.1 (15.3 ) Operating income 250.2 312.3 65.9 (267.1 ) 361.3 Interest expense, net 17.7 (1.5 ) 3.4 — 19.6 Other expense, net — — (0.2 ) — (0.2 ) Income from continuing operations before income taxes 232.5 313.8 62.7 (267.1 ) 341.9 Provision for income tax (benefit) expense (4.9 ) 89.1 20.5 (0.7 ) 104.0 Income from continuing operations 237.4 224.7 42.2 (266.4 ) 237.9 Loss from discontinued operations, net of tax — — 0.6 — 0.6 Net income $ 237.4 $ 224.7 $ 41.6 $ (266.4 ) $ 237.3 Other comprehensive income, net of tax 7.7 2.0 6.7 1.3 17.7 Comprehensive income (loss) $ 245.1 $ 226.7 $ 48.3 $ (265.1 ) $ 255.0
Condensed Consolidating Statements of Cash Flows	Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2017 (Amounts in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities $ 411.6 $ (2.4 ) $ (279.6 ) $ (0.6 ) $ 129.0 Cash flows from investing activities: Proceeds from the disposal of property, plant and equipment — 0.1 — 0.1 0.2 Purchases of property, plant and equipment — (48.3 ) (12.2 ) — (60.5 ) Net cash used in investing activities — (48.2 ) (12.2 ) 0.1 (60.3 ) Cash flows from financing activities: Short-term borrowings, net — — (1.4 ) — (1.4 ) Asset securitization borrowings — — 275.0 — 275.0 Asset securitization payments — — — — — Long-term debt payments (200.0 ) (0.2 ) (0.1 ) (0.5 ) (200.8 ) Long-term borrowings — 0.1 (0.1 ) — — Borrowings from credit facility 1,883.0 (0.2 ) (0.2 ) 0.4 1,883.0 Payments on credit facility (1,701.0 ) — — — (1,701.0 ) Proceeds from employee stock purchases 2.3 — — — 2.3 Repurchases of common stock (250.0 ) — — — (250.0 ) Repurchases of common stock to satisfy employee withholding tax obligations (16.0 ) — — — (16.0 ) Intercompany debt 102.8 (34.8 ) (68.0 ) — — Intercompany financing activity (174.3 ) 91.0 82.7 0.6 — Cash dividends paid (58.4 ) — — — (58.4 ) Net cash (used in) provided by financing activities (411.6 ) 55.9 287.9 0.5 (67.3 ) Increase (decrease) in cash and cash equivalents — 5.3 (3.9 ) — 1.4 Effect of exchange rates on cash and cash equivalents — — 9.1 — 9.1 Cash and cash equivalents, beginning of period 1.2 17.1 31.9 — 50.2 Cash and cash equivalents, end of period $ 1.2 $ 22.4 $ 37.1 $ — $ 60.7 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2016 (Amounts in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities $ 15.5 $ 262.2 $ (150.8 ) $ — $ 126.9 Cash flows from investing activities: Purchases of property, plant and equipment — (52.4 ) (7.0 ) — (59.4 ) Net cash used in investing activities — (52.4 ) (7.0 ) — (59.4 ) Cash flows from financing activities: Short-term borrowings, net — — (2.1 ) — (2.1 ) Asset securitization borrowings — — 145.0 — 145.0 Asset securitization payments — — (20.0 ) — (20.0 ) Long-term debt payments (30.0 ) (0.6 ) (0.3 ) — (30.9 ) Borrowings from credit facility 1,715.0 — — — 1,715.0 Payments on credit facility (1,493.0 ) — — — (1,493.0 ) Proceeds from employee stock purchases 1.9 — — — 1.9 Payments of deferred financing costs (0.9 ) — — — (0.9 ) Repurchases of common stock (300.0 ) — — — (300.0 ) Repurchases of common stock to satisfy employee withholding tax obligations (26.3 ) — — — (26.3 ) Intercompany debt (6.6 ) (5.1 ) 11.7 — — Intercompany financing activity 178.9 (196.0 ) 17.1 — — Intercompany investments — — — — — — Cash dividends paid (50.5 ) — — — (50.5 ) Net cash (used in) provided by financing activities (11.5 ) (201.7 ) 151.4 — (61.8 ) Increase (decrease) in cash and cash equivalents 4.0 8.1 (6.4 ) — 5.7 Effect of exchange rates on cash and cash equivalents — — 3.2 — 3.2 Cash and cash equivalents, beginning of period 0.5 7.8 30.6 — 38.9 Cash and cash equivalents, end of period $ 4.5 $ 15.9 $ 27.4 $ — $ 47.8

General (Details)

General (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Current income tax expense (benefit)	$ 1.5	$ 9.6

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Components of inventories
Finished goods	$ 369.1	$ 287.2
Work in process	8.6	5.1
Raw materials and parts	209.4	183.4
Subtotal	587.1	475.7
Excess of current cost over last-in, first-out cost	(56.2)	(57.2)
Total inventories, net	$ 530.9	$ 418.5

Goodwill (Details)

Goodwill (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 195.1
Changes in foreign currency translation rates	5.5
Goodwill, Ending Balance	200.6
Residential Heating & Cooling [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	26.1
Changes in foreign currency translation rates	0
Goodwill, Ending Balance	26.1
Commercial Heating & Cooling [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	60.1
Changes in foreign currency translation rates	1.8
Goodwill, Ending Balance	61.9
Refrigeration [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	108.9
Changes in foreign currency translation rates	3.7
Goodwill, Ending Balance	$ 112.6

Derivatives (AOCL Related to Ca

Derivatives (AOCL Related to Cash Flow Hedges) (Details) - Cash Flow Hedge [Member] - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains on unsettled contracts	$ (9.9)	$ (8.9)
Income tax expense	3.6	3.3
Losses included in AOCL, net of tax	(6.3)	$ (5.6)
Cash flow hedge derivative losses expected to be reclassified into earnings within the next 12 months	$ 6.1

Derivatives (Outstanding Contra

Derivatives (Outstanding Contracts Designated as Cash Flow Hedges) (Details) - Designated as Hedging Instrument [Member] lb in Millions, MXN in Millions, CAD in Millions	Sep. 30, 2017CADlb	Sep. 30, 2017MXNlb	Dec. 31, 2016CADlb	Dec. 31, 2016MXNlb
Commodity Futures Contracts [Member]
Derivative [Line Items]
Derivative, nonmonetary notional amount (in lbs) | lb	18.9	18.9	30.4	30.4
Foreign Exchange Forward [Member] | Mexican Peso [Member]
Derivative [Line Items]
Derivative, notional amount | MXN		MXN 69.8		MXN 310.1
Foreign Exchange Forward [Member] | Canadian Dollar [Member]
Derivative [Line Items]
Derivative, notional amount | CAD	CAD 83.1		CAD 24.9

Derivatives (Outstanding Cont42

Derivatives (Outstanding Contracts Not Designated as Cash Flow Hedges) (Details) - Not Designated as Hedging Instrument [Member] € in Millions, ₨ in Millions, lb in Millions, MXN in Millions, CAD in Millions, $ in Millions	Sep. 30, 2017EUR (€)lb	Sep. 30, 2017USD ($)lb	Sep. 30, 2017CADlb	Sep. 30, 2017MXNlb	Sep. 30, 2017INR (₨)lb	Dec. 31, 2016EUR (€)lb	Dec. 31, 2016USD ($)lb	Dec. 31, 2016CADlb	Dec. 31, 2016MXNlb	Dec. 31, 2016INR (₨)lb	Sep. 30, 2016CAD
Copper Commodity Contract [Member]
Derivative [Line Items]
Derivative, nonmonetary notional amount (in lbs) | lb	1.8	1.8	1.8	1.8	1.8	2.4	2.4	2.4	2.4	2.4
Aluminum Commodity Contract [Member]
Derivative [Line Items]
Derivative, nonmonetary notional amount (in lbs) | lb	1.9	1.9	1.9	1.9	1.9	2.6	2.6	2.6	2.6	2.6
Foreign Exchange Forward [Member] | Chinese Yuan [Member]
Derivative [Line Items]
Derivative, notional amount | $		$ 52.3					$ 10.5
Foreign Exchange Forward [Member] | Mexican Peso [Member]
Derivative [Line Items]
Derivative, notional amount | MXN				MXN 35.7					MXN 64.5
Foreign Exchange Forward [Member] | Euro [Member]
Derivative [Line Items]
Derivative, notional amount	€ 60.7					€ 46.9
Foreign Exchange Forward [Member] | Canadian Dollar [Member]
Derivative [Line Items]
Derivative, notional amount	31					0
Foreign Exchange Forward [Member] | British Pounds [Member]
Derivative [Line Items]
Derivative, notional amount | CAD			CAD 4.9					CAD 1.3
Foreign Exchange Forward [Member] | Singapore, Dollars [Member]
Derivative [Line Items]
Derivative, notional amount | $		$ 6.5					$ 0
Foreign Exchange Forward [Member] | Australia Dollar [Member]
Derivative [Line Items]
Derivative, notional amount | CAD											CAD 40
Foreign Exchange Forward [Member] | New Zealand Dollar [Member]
Derivative [Line Items]
Derivative, notional amount	€ 6.5					€ 0
Foreign Exchange Forward [Member] | Indian Rupee [Member]
Derivative [Line Items]
Derivative, notional amount | ₨					₨ 169.4					₨ 584.6

Derivatives (Fair Value of Deri

Derivatives (Fair Value of Derivative Instruments) (Details) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Total Assets	$ 10.4	$ 11.1
Total Liabilities	0.4	0.8
Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Total Assets	9.7	8.7
Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Other Non-Current Assets [Member]
Derivatives, Fair Value [Line Items]
Total Assets	0.3	1.9
Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Total Assets	0.4	0.5
Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Total Liabilities	0.4	0.8
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Total Assets	1.2	1.1
Total Liabilities	1.5	3.2
Not Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Total Assets	1	0.7
Not Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Other Non-Current Assets [Member]
Derivatives, Fair Value [Line Items]
Total Assets	0	0.2
Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Total Assets	0.2	0.2
Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Total Liabilities	$ 1.5	$ 3.2

Derivatives (Derivative Instrum

Derivatives (Derivative Instruments Classified as Level 2) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member] | Cost of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss reclassified from AOCL into income (effective portion)	$ (3.5)	$ 2.4	$ (9.4)	$ 10.6
Designated as Hedging Instrument [Member] | Cash Flow Hedge [Member] | Other Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss recognized in net income (ineffective portion)	(0.1)	(0.5)	1.1	(0.4)
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss (gain) recognized in net income	(0.6)	0.1	(5.6)	0.1
Not Designated as Hedging Instrument [Member] | Other Expense [Member] | Commodity Futures Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss (gain) recognized in net income	(0.2)	(0.3)	(1.3)	(0.2)
Not Designated as Hedging Instrument [Member] | Other Expense [Member] | Foreign Currency Forward Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss (gain) recognized in net income	$ (0.4)	$ 0.4	$ (4.3)	$ 0.3

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 0	$ 0
Current income tax expense (benefit)	$ 1,500,000	$ 9,600,000

Commitments and Contingencies46

Commitments and Contingencies (Liabilities for Estimated Product Warranty Costs) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Total liabilities for estimated warranty
Accrued expenses	$ 34.9	$ 30
Other liabilities	72.7	71.1
Total warranty liability	$ 107.6	$ 101.1

Commitments and Contingencies47

Commitments and Contingencies (Changes in Product Warranty Liabilities) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Changes in the total warranty liabilities
Total warranty liability, beginning balance	$ 101.1
Warranty claims paid	(21.6)
Changes resulting from issuance of new warranties	32.2
Changes in estimates associated with pre-existing liabilities	(4.7)
Changes in foreign currency translation rates and other	0.6
Total warranty liability, ending balance	$ 107.6

Commitments and Contingencies48

Commitments and Contingencies (Narrative) (Details) RUB in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Oct. 31, 2016USD ($)	Oct. 31, 2016RUB
Product Liability Contingency [Line Items]
Estimated repair costs	$ 500,000	$ 5,700,000
Expense for asbestos-related litigation		$ 3,900,000	$ 2,300,000
Unfavorable Regulatory Action [Member]
Product Liability Contingency [Line Items]
Alleged unauthorized payment				$ 475	RUB 30

Lines of Credit and Financing49

Lines of Credit and Financing Arrangements (Outstanding Debt Obligations) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Short-Term Debt:
Total short-term debt	$ 326	$ 52.4
Current maturities of long-term debt:
Capital lease obligations	0.5	0.8
Total current maturities of long-term debt	22.4	200.1
Long-Term Debt:
Capital lease obligations	14.7	15
Debt issuance costs	(4.5)	(5.3)
Total long-term debt	775.7	615.7
Total debt	1,124.1	868.2
Domestic Credit Facility [Member]
Current maturities of long-term debt:
Domestic credit facility and senior unsecured notes	22.5	0
Debt issuance costs	(0.6)	(0.7)
Long-Term Debt:
Domestic credit facility and senior unsecured notes	415.5	256
Senior Unsecured Notes [Member]
Current maturities of long-term debt:
Domestic credit facility and senior unsecured notes	0	200
Long-Term Debt:
Domestic credit facility and senior unsecured notes	350	350
Asset Securitization Program [Member]
Short-Term Debt:
Total short-term debt	325	50
Foreign Obligations [Member]
Short-Term Debt:
Total short-term debt	$ 1	$ 2.4

Lines of Credit and Financing50

Lines of Credit and Financing Arrangements (Foreign Obligations) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Short-term Debt [Line Items]
Foreign obligations	$ 326		$ 52.4
Foreign Obligations [Member]
Short-term Debt [Line Items]
Foreign obligations	1		$ 2.4
Proceeds on facilities	19.1	$ 28.2
Repayments on facilities	$ 20.5	$ 30.3

Lines of Credit and Financing51

Lines of Credit and Financing Arrangements (Asset Securitization Program) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Jul. 05, 2016
Line of Credit Facility [Line Items]
Maximum securitization as percentage of net pool balance	100.00%
Program fee percentage	0.65%
Average floating commercial paper rate (as a percent)	1.99%	1.66%
Unused fee (as a percent)	102.00%
Fixed rate of agreement (as a percent)	0.33%
Unused fee charged on incremental available amounts (as a percent)	0.05%
Senior Unsecured Notes [Member]
Line of Credit Facility [Line Items]
Minimum principal amount accelerated	$ 75,000,000
Minimum [Member]
Line of Credit Facility [Line Items]
Securitization amount			$ 200,000,000
Unused fee charged on incremental amount limit	$ 200,000,000
Maximum [Member]
Line of Credit Facility [Line Items]
Securitization amount			$ 325,000,000

Lines of Credit and Financing52

Lines of Credit and Financing Arrangements (Eligible Amounts Available and Beneficial Interest Sold) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Eligible amounts available and beneficial interests sold
Eligible amount available under the ASP on qualified accounts receivable	$ 325	$ 250
Less: Beneficial interest sold	325	50
Remaining amount available	$ 0	$ 200

Lines of Credit and Financing53

Lines of Credit and Financing Arrangements (Domestic Credit Facility) (Details) - USD ($)	Nov. 01, 2016	Sep. 30, 2017	Aug. 30, 2016	Nov. 13, 2014
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 650,000,000
Domestic Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 900,000,000
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 100,000,000
Subfacility for Swingline Loans [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity		65,000,000
Line of Credit [Member]
Line of Credit Facility [Line Items]
Minimum principal amount accelerated		75,000,000
Medium-term Notes [Member] | Domestic Credit Facility [Member]
Line of Credit Facility [Line Items]
Face amount of debt		220,000,000		$ 250,000,000
Periodic payments		7,500,000
Required principal repayments	$ 30,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings		438,000,000
Committed standby letters of credit		3,000,000
Available for future borrowings		429,000,000
Revolving Credit Facility [Member] | Domestic Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum increase in borrowings		$ 350,000,000

Lines of Credit and Financing54

Lines of Credit and Financing Arrangements (Weighted Average Borrowing Rate) (Details)	Sep. 30, 2017	Dec. 31, 2016
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Weighted average borrowing rate	2.47%	2.00%

Lines of Credit and Financing55

Lines of Credit and Financing Arrangements (Credit Facility Ratios) (Details) - Revolving Credit Facility [Member]	9 Months Ended
	Sep. 30, 2017
Maximum [Member]
Line of Credit Facility [Line Items]
Consolidated Indebtedness to Adjusted EBITDA Ratio no greater than	3.5
Minimum [Member]
Line of Credit Facility [Line Items]
Cash Flow to Net Interest Expense Ratio no less than	3

Lines of Credit and Financing56

Lines of Credit and Financing Arrangements (Senior Unsecured Notes) (Details) - Senior Unsecured Notes [Member] - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Dec. 31, 2016	Nov. 01, 2016	May 31, 2010
Debt Instrument [Line Items]
Senior unsecured notes				$ 350,000,000	$ 200,000,000
Fixed interest rate for senior unsecured notes (as a percent)				3.00%
Maturity date of senior unsecured notes	Nov. 15, 2023		May 15, 2017
Minimum principal amount accelerated		$ 75,000,000
Notice period		30 days

Pension and Post-Retirement B57

Pension and Post-Retirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 1.3	$ 1.1	$ 3.8	$ 3.3
Interest cost	3.2	3.8	9.5	11.5
Expected return on plan assets	(5.3)	(5.4)	(16)	(16.2)
Amortization of prior service cost	0	0.1	0.1	0.2
Recognized actuarial loss	2	1.9	6.1	5.7
Settlements and curtailments	0	0.2	0.6	0.2
Net periodic benefit cost	1.2	1.7	4.1	4.7
Other Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0	0	0	0
Interest cost	0	0	0	0.1
Expected return on plan assets	0	0	0	0
Amortization of prior service cost	(0.6)	(0.8)	(1.8)	(2.3)
Recognized actuarial loss	0.4	0.4	1.1	1.1
Settlements and curtailments	0	0	0	0
Net periodic benefit cost	$ (0.2)	$ (0.4)	$ (0.7)	$ (1.1)

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Millions	Jul. 27, 2017	Apr. 28, 2017	Feb. 09, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Accelerated Share Repurchases, Percentages of Shares to be Repurchased	85.00%	85.00%	85.00%
Stock-based compensation expense				$ 6.3	$ 9.9	$ 18.8	$ 24.8

Stock Repurchases (Details)

Stock Repurchases (Details) - USD ($) shares in Millions	Jul. 27, 2017	Apr. 28, 2017	Feb. 09, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Stock repurchase program, authorized amount				$ 2,000,000,000		$ 550,000,000
Stock repurchase program, remaining authorized amount				$ 396,000,000
Accelerated share repurchases, initial price to be paid	$ 75,000,000	$ 100,000,000	$ 75,000,000
Accelerated share repurchases, percentage of shares to be repurchased	85.00%	85.00%	85.00%
Accelerated share repurchases, number of shares	0.4	0.6	0.5
Shares repurchased from employees who surrendered shares to satisfy minimum tax withholding obligations				0.1
Shares repurchased from employees who surrendered shares to satisfy minimum tax withholding obligations, value				$ 16,000,000	$ 26,300,000

Comprehensive Income (Reclassif

Comprehensive Income (Reclassification out of AOCL) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold; Selling, general and administrative expenses	$ (738.6)	$ (699.7)	$ (2,082.4)	$ (1,935.5)
Income tax (expense)/benefit	(43)	(48.2)	(103.8)	(104)
Reclassification out of Accumulated Other Comprehensive Loss [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net of tax	1.1	(2.6)	2.5	(10)
Reclassification out of Accumulated Other Comprehensive Loss [Member] | (Losses)/Gains on Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax (expense)/benefit	(1.3)	0.8	(3.4)	3.7
Net of tax	2.2	(1.6)	6	(6.9)
Reclassification out of Accumulated Other Comprehensive Loss [Member] | (Losses)/Gains on Cash Flow Hedges [Member] | Commodity Futures Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold; Selling, general and administrative expenses	3.5	(2.4)	9.4	(10.6)
Reclassification out of Accumulated Other Comprehensive Loss [Member] | Defined Benefit Plan Items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold; Selling, general and administrative expenses	(1.8)	(1.6)	(5.5)	(4.8)
Income tax (expense)/benefit	0.7	0.6	2	1.7
Net of tax	$ (1.1)	$ (1)	$ (3.5)	$ (3.1)

Comprehensive Income (Changes i

Comprehensive Income (Changes in AOCL) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Changes in AOCI by component (net of tax) [Roll Forward]
Balance as of beginning of period	$ (195.1)
Other comprehensive income (loss) before reclassifications	40.6
Amounts reclassified from AOCL	(2.5)
Net other comprehensive income (loss)	38.1
Balance as of end of period	(157)
Gains (Losses) on Cash Flow Hedges [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Balance as of beginning of period	5.6
Other comprehensive income (loss) before reclassifications	6.7
Amounts reclassified from AOCL	(6)
Net other comprehensive income (loss)	0.7
Balance as of end of period	6.3
Unrealized Gains on Available-for-Sale Securities [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Balance as of beginning of period	2.3
Other comprehensive income (loss) before reclassifications	0.2
Amounts reclassified from AOCL	0
Net other comprehensive income (loss)	0.2
Balance as of end of period	2.5
Defined Benefit Pension Plan Items [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Balance as of beginning of period	(130)
Other comprehensive income (loss) before reclassifications	(5.7)
Amounts reclassified from AOCL	3.5
Net other comprehensive income (loss)	(2.2)
Balance as of end of period	(132.2)
Foreign Currency Translation Adjustments [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Balance as of beginning of period	(73)
Other comprehensive income (loss) before reclassifications	39.4
Amounts reclassified from AOCL	0
Net other comprehensive income (loss)	39.4
Balance as of end of period	$ (33.6)

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Information regarding restructuring charges
Charges Incurred in 2017			$ 2.1
Charges Incurred to Date	$ 17.7		17.7
Total Charges Expected to be Incurred	18.4		18.4
Details activity within the restructuring reserves
Beginning balance			0
Included in Earnings	1.9	$ 0.6	2.1	$ 1.2
Cash Utilization			(1.1)
Non-Cash Utilization and Other			(0.6)
Ending balance	0.4		0.4
Residential Heating & Cooling [Member]
Information regarding restructuring charges
Charges Incurred in 2017			0.5
Charges Incurred to Date	1.4		1.4
Total Charges Expected to be Incurred	1.6		1.6
Commercial Heating & Cooling [Member]
Information regarding restructuring charges
Charges Incurred in 2017			0.7
Charges Incurred to Date	1.8		1.8
Total Charges Expected to be Incurred	1.9		1.9
Refrigeration [Member]
Information regarding restructuring charges
Charges Incurred in 2017			0.4
Charges Incurred to Date	12.3		12.3
Total Charges Expected to be Incurred	12.3		12.3
Corporate & Other [Member]
Information regarding restructuring charges
Charges Incurred in 2017			0.5
Charges Incurred to Date	2.2		2.2
Total Charges Expected to be Incurred	2.6		2.6
Severance and Related Expense [Member]
Information regarding restructuring charges
Charges Incurred in 2017			1.3
Charges Incurred to Date	10.6		10.6
Total Charges Expected to be Incurred	11		11
Details activity within the restructuring reserves
Beginning balance			0
Included in Earnings			1.3
Cash Utilization			(0.9)
Non-Cash Utilization and Other			0
Ending balance	0.4		0.4
Asset Write-offs and Accelerated Depreciation [Member]
Information regarding restructuring charges
Charges Incurred in 2017			0.7
Charges Incurred to Date	3.1		3.1
Total Charges Expected to be Incurred	3.1		3.1
Details activity within the restructuring reserves
Beginning balance			0
Included in Earnings			0.7
Cash Utilization			(0.1)
Non-Cash Utilization and Other			(0.6)
Ending balance	0		0
Lease Termination [Member]
Information regarding restructuring charges
Charges Incurred in 2017			0
Charges Incurred to Date	0.2		0.2
Total Charges Expected to be Incurred	0.2		0.2
Details activity within the restructuring reserves
Beginning balance			0
Included in Earnings			0
Cash Utilization			0
Non-Cash Utilization and Other			0
Ending balance	0		0
Other [Member]
Information regarding restructuring charges
Charges Incurred in 2017			0.1
Charges Incurred to Date	3.8		3.8
Total Charges Expected to be Incurred	4.1		4.1
Details activity within the restructuring reserves
Beginning balance			0
Included in Earnings			0.1
Cash Utilization			(0.1)
Non-Cash Utilization and Other			0
Ending balance	$ 0		$ 0

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Net income	$ 103.5	$ 101.7	$ 262.5	$ 237.3
Add: Loss from discontinued operations	0.5	0	1.4	0.6
Income from continuing operations	$ 104	$ 101.7	$ 263.9	$ 237.9
Weighted-average shares outstanding – basic	41.9	43.2	42.3	43.6
Add: Potential effect of dilutive securities attributable to stock-based payments	0.5	0.5	0.6	0.6
Weighted-average shares outstanding – diluted	42.4	43.7	42.9	44.2
Earnings per share – Basic:
Income from continuing operations (in dollars per share)	$ 2.48	$ 2.35	$ 6.23	$ 5.46
Loss from discontinued operations (in dollars per share)	(0.01)	0	(0.03)	(0.01)
Net income (in dollars per share)	2.47	2.35	6.20	5.45
Earnings per share – Diluted:
Income from continuing operations (in dollars per share)	2.45	2.33	6.15	5.39
Loss from discontinued operations (in dollars per share)	(0.01)	0	(0.03)	(0.01)
Net income (in dollars per share)	$ 2.44	$ 2.33	$ 6.12	$ 5.38

Earnings Per Share (Excluded fr

Earnings Per Share (Excluded from Diluted Earnings Per Share Calculation) (Details) - $ / shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average number of shares	0.2	0	0.2	0.2
Price range per share (in dollars per share)	$ 156.94		$ 156.94
Minimum [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Price range per share (in dollars per share)		$ 124.97		$ 124.97
Maximum [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Price range per share (in dollars per share)		$ 131.94		$ 131.94

Reportable Business Segments (S

Reportable Business Segments (Segment Description) (Details)	9 Months Ended
	Sep. 30, 2017Segment
Segment Reporting, Measurement Disclosures [Abstract]
Number of reportable business segments	3
Residential Heating & Cooling [Member]
Segment Reporting Information [Line Items]
Product or Services	Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts
Markets Served	Residential Replacement; Residential New Construction
Commercial Heating & Cooling [Member]
Segment Reporting Information [Line Items]
Product or Services	Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment
Markets Served	Light Commercial
Refrigeration [Member]
Segment Reporting Information [Line Items]
Product or Services	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems
Markets Served	Light Commercial; Food Preservation; Non-Food/Industrial

Reportable Business Segments 66

Reportable Business Segments (Segment Data) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net sales
Net sales	$ 1,052.3	$ 1,010	$ 2,947.9	$ 2,744.4
Segment profit (loss)
Total segment profit	161	157.2	408.6	365
Reconciliation to Operating income:
Special product quality adjustments	0.5	0	5.7	(0.4)
Items in Losses (gains) and other expenses, net that are excluded from segment profit (loss)	4	(0.3)	10	2.9
Restructuring charges	1.9	0.6	2.1	1.2
Operating income	154.6	156.9	390.8	361.3
Residential Heating & Cooling [Member]
Net sales
Net sales	590.5	572.7	1,663.8	1,524.5
Segment profit (loss)
Total segment profit	114.7	112.7	297.6	266.9
Commercial Heating & Cooling [Member]
Net sales
Net sales	269.4	251.4	723.5	674.7
Segment profit (loss)
Total segment profit	50	48.9	113.8	110.6
Refrigeration [Member]
Net sales
Net sales	192.4	185.9	560.6	545.2
Segment profit (loss)
Total segment profit	20	22.9	55.7	53.2
Corporate & Other [Member]
Segment profit (loss)
Total segment profit	$ 23.7	$ 27.3	$ 58.5	$ 65.7

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Carried at Fair Value on Recurring Basis) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Level 1 [Member]
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Investment in marketable equity securities	$ 4.7	$ 4.4

Fair Value Measurements (Other

Fair Value Measurements (Other Fair Value Disclosures) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Level 2 [Member] | Senior Unsecured Notes [Member]
Other Fair Value Measurements
Senior unsecured notes	$ 316.9	$ 499.3

Condensed Consolidating Finan69

Condensed Consolidating Financial Statements (Narrative) (Details)	9 Months Ended
	Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Subsidiaries, ownership percentage	100.00%

Condensed Consolidating Finan70

Condensed Consolidating Financial Statements (Balance Sheets) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 60.7	$ 50.2	$ 47.8	$ 38.9
Accounts and notes receivable, net	598.1	469.8
Inventories, net	530.9	418.5
Other assets	80.9	67.4
Total current assets	1,270.6	1,005.9
Property, plant and equipment, net	374.6	361.4
Goodwill	200.6	195.1
Investment in subsidiaries	0	0
Deferred income taxes	143.3	136.7
Other assets, net	66.6	61.2
Intercompany receivables (payables), net	0	0
Total assets	2,055.7	1,760.3
Current Liabilities:
Short-term debt	326	52.4
Current maturities of long-term debt	22.4	200.1
Accounts payable	394.5	361.2
Accrued expenses	278.4	265.9
Income taxes (receivable) payable	2.4	9
Total current liabilities	1,023.7	888.6
Long-term debt	775.7	615.7
Post-retirement benefits, other than pensions	1.9	2.8
Pensions	90.2	87.5
Other liabilities	131.7	127.7
Total liabilities	2,023.2	1,722.3
Commitments and contingencies
Total stockholders' equity	32.5	38
Total liabilities and stockholders' equity	2,055.7	1,760.3
Eliminations [Member]
Current Assets:
Cash and cash equivalents	0	0	0	0
Accounts and notes receivable, net	0	0
Inventories, net	(4.8)	(5.1)
Other assets	(28.3)	(61.7)
Total current assets	(33.1)	(66.8)
Property, plant and equipment, net	(4.3)	0
Goodwill	17.1	0
Investment in subsidiaries	(1,596.5)	(1,691.1)
Deferred income taxes	(12.2)	(14.7)
Other assets, net	(1.4)	(1.4)
Intercompany receivables (payables), net	(102.5)	(73.2)
Total assets	(1,732.9)	(1,847.2)
Current Liabilities:
Short-term debt	0	0
Current maturities of long-term debt	0	0
Accounts payable	0	0
Accrued expenses	0	0
Income taxes (receivable) payable	(50.8)	(79.3)
Total current liabilities	(50.8)	(79.3)
Long-term debt	0	0
Post-retirement benefits, other than pensions	0	0
Pensions	0	0
Other liabilities	0	(2.5)
Total liabilities	(50.8)	(81.8)
Commitments and contingencies
Total stockholders' equity	(1,682.1)	(1,765.4)
Total liabilities and stockholders' equity	(1,732.9)	(1,847.2)
Parent [Member]
Current Assets:
Cash and cash equivalents	1.2	1.2	4.5	0.5
Accounts and notes receivable, net	0	0
Inventories, net	0	0
Other assets	14.2	12.8
Total current assets	15.4	14
Property, plant and equipment, net	0	0
Goodwill	0	0
Investment in subsidiaries	1,212.8	1,166.9
Deferred income taxes	11	6.8
Other assets, net	1.8	3.6
Intercompany receivables (payables), net	(453.9)	(382.4)
Total assets	787.1	808.9
Current Liabilities:
Short-term debt	0	0
Current maturities of long-term debt	21.9	199.3
Accounts payable	21.3	18.5
Accrued expenses	5.7	6.3
Income taxes (receivable) payable	(55.7)	(54)
Total current liabilities	(6.8)	170.1
Long-term debt	761.1	600.9
Post-retirement benefits, other than pensions	0	0
Pensions	0	0
Other liabilities	0.3	0
Total liabilities	754.6	771
Commitments and contingencies
Total stockholders' equity	32.5	37.9
Total liabilities and stockholders' equity	787.1	808.9
Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	22.4	17.1	15.9	7.8
Accounts and notes receivable, net	35.5	30.6
Inventories, net	392.2	314.7
Other assets	34.3	48.8
Total current assets	484.4	411.2
Property, plant and equipment, net	243.7	237.6
Goodwill	117.8	134.9
Investment in subsidiaries	383.7	524.7
Deferred income taxes	112	113.5
Other assets, net	42.1	40
Intercompany receivables (payables), net	461.3	375.2
Total assets	1,845	1,837.1
Current Liabilities:
Short-term debt	0	0
Current maturities of long-term debt	0.3	0.4
Accounts payable	252.7	248.5
Accrued expenses	216.6	206.3
Income taxes (receivable) payable	60.4	89.8
Total current liabilities	530	545
Long-term debt	14.3	14.5
Post-retirement benefits, other than pensions	1.9	2.8
Pensions	77.1	75.5
Other liabilities	119.9	119.1
Total liabilities	743.2	756.9
Commitments and contingencies
Total stockholders' equity	1,101.8	1,080.2
Total liabilities and stockholders' equity	1,845	1,837.1
Non-Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	37.1	31.9	$ 27.4	$ 30.6
Accounts and notes receivable, net	562.6	439.2
Inventories, net	143.5	108.9
Other assets	60.7	67.5
Total current assets	803.9	647.5
Property, plant and equipment, net	135.2	123.8
Goodwill	65.7	60.2
Investment in subsidiaries	0	(0.5)
Deferred income taxes	32.5	31.1
Other assets, net	24.1	19
Intercompany receivables (payables), net	95.1	80.4
Total assets	1,156.5	961.5
Current Liabilities:
Short-term debt	326	52.4
Current maturities of long-term debt	0.2	0.4
Accounts payable	120.5	94.2
Accrued expenses	56.1	53.3
Income taxes (receivable) payable	48.5	52.5
Total current liabilities	551.3	252.8
Long-term debt	0.3	0.3
Post-retirement benefits, other than pensions	0	0
Pensions	13.1	12
Other liabilities	11.5	11.1
Total liabilities	576.2	276.2
Commitments and contingencies
Total stockholders' equity	580.3	685.3
Total liabilities and stockholders' equity	$ 1,156.5	$ 961.5

Condensed Consolidating Finan71

Condensed Consolidating Financial Statements (Statements of Operations and Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Condensed Consolidating Statements of Operations
Net sales	$ 1,052.3	$ 1,010	$ 2,947.9	$ 2,744.4
Cost of goods sold	738.6	699.7	2,082.4	1,935.5
Gross profit	313.7	310.3	865.5	808.9
Operating Expenses:
Selling, general and administrative expenses	158.7	156.5	479.6	456.2
Losses and other expenses, net	3	0.7	8.5	5.5
Restructuring charges	1.9	0.6	2.1	1.2
Income from equity method investments	(4.5)	(4.4)	(15.5)	(15.3)
Operating income	154.6	156.9	390.8	361.3
Interest expense, net	7.6	7	23.3	19.6
Other expense, net	0	0	(0.2)	(0.2)
Income from continuing operations before income taxes	147	149.9	367.7	341.9
Income tax benefit	43	48.2	103.8	104
Income from continuing operations	104	101.7	263.9	237.9
Loss from discontinued operations	(0.5)	0	(1.4)	(0.6)
Net income	103.5	101.7	262.5	237.3
Other comprehensive income (loss), net of tax	9.4	(0.4)	38.1	17.7
Comprehensive income	112.9	101.3	300.6	255
Eliminations [Member]
Condensed Consolidating Statements of Operations
Net sales	(153.3)	(47.4)	(482.4)	(138.5)
Cost of goods sold	(155.2)	(47.4)	(479.5)	(136.4)
Gross profit	1.9	0	(2.9)	(2.1)
Operating Expenses:
Selling, general and administrative expenses	(0.8)	0	(1.2)	0
Losses and other expenses, net	0	0	(0.1)	(0.1)
Restructuring charges	0	0	0	0
Income from equity method investments	128.9	113.8	326.7	265.1
Operating income	(126.2)	(113.8)	(328.3)	(267.1)
Interest expense, net	0	0	0	0
Other expense, net	(0.2)	0	(0.2)	0
Income from continuing operations before income taxes	(126)	(113.8)	(328.1)	(267.1)
Income tax benefit	0.7	0	(0.2)	(0.7)
Income from continuing operations	(126.7)	(113.8)	(327.9)	(266.4)
Loss from discontinued operations	0	0	0	0
Net income	(126.7)	(113.8)	(327.9)	(266.4)
Other comprehensive income (loss), net of tax	0	(0.4)	0	1.3
Comprehensive income	(126.7)	(114.2)	(327.9)	(265.1)
Parent [Member]
Condensed Consolidating Statements of Operations
Net sales	0	0	0	0
Cost of goods sold	0	0	0	0
Gross profit	0	0	0	0
Operating Expenses:
Selling, general and administrative expenses	0	0	0	0
Losses and other expenses, net	0.2	(1.1)	1.1	(1.7)
Restructuring charges	0	0	0	0
Income from equity method investments	(108.2)	(105)	(277.5)	(248.5)
Operating income	108	106.1	276.4	250.2
Interest expense, net	6.2	6.1	20.9	17.7
Other expense, net	0	0	0	0
Income from continuing operations before income taxes	101.8	100	255.5	232.5
Income tax benefit	(1.7)	(1.7)	(7)	(4.9)
Income from continuing operations	103.5	101.7	262.5	237.4
Loss from discontinued operations	0	0	0	0
Net income	103.5	101.7	262.5	237.4
Other comprehensive income (loss), net of tax	0.4	2.7	0.5	7.7
Comprehensive income	103.9	104.4	263	245.1
Guarantor Subsidiaries [Member]
Condensed Consolidating Statements of Operations
Net sales	905.6	870.5	2,560.6	2,368.8
Cost of goods sold	644.8	603.4	1,830.8	1,675.6
Gross profit	260.8	267.1	729.8	693.2
Operating Expenses:
Selling, general and administrative expenses	140.7	135.9	419.2	394.6
Losses and other expenses, net	1.9	1.1	5.8	4.3
Restructuring charges	1.2	0.5	1.3	1.5
Income from equity method investments	(21.7)	(10)	(52)	(19.5)
Operating income	138.7	139.6	355.5	312.3
Interest expense, net	(0.6)	(0.5)	(2.3)	(1.5)
Other expense, net	0	0	0	0
Income from continuing operations before income taxes	139.3	140.1	357.8	313.8
Income tax benefit	30.5	42.3	84.8	89.1
Income from continuing operations	108.8	97.8	273	224.7
Loss from discontinued operations	0	0	0	0
Net income	108.8	97.8	273	224.7
Other comprehensive income (loss), net of tax	2.1	(0.4)	9.7	2
Comprehensive income	110.9	97.4	282.7	226.7
Non-Guarantor Subsidiaries [Member]
Condensed Consolidating Statements of Operations
Net sales	300	186.9	869.7	514.1
Cost of goods sold	249	143.7	731.1	396.3
Gross profit	51	43.2	138.6	117.8
Operating Expenses:
Selling, general and administrative expenses	18.8	20.6	61.6	61.6
Losses and other expenses, net	0.9	0.7	1.7	3
Restructuring charges	0.7	0.1	0.8	(0.3)
Income from equity method investments	(3.5)	(3.2)	(12.7)	(12.4)
Operating income	34.1	25	87.2	65.9
Interest expense, net	2	1.4	4.7	3.4
Other expense, net	0.2	0	0	(0.2)
Income from continuing operations before income taxes	31.9	23.6	82.5	62.7
Income tax benefit	13.5	7.6	26.2	20.5
Income from continuing operations	18.4	16	56.3	42.2
Loss from discontinued operations	(0.5)	0	(1.4)	(0.6)
Net income	17.9	16	54.9	41.6
Other comprehensive income (loss), net of tax	6.9	(2.3)	27.9	6.7
Comprehensive income	$ 24.8	$ 13.7	$ 82.8	$ 48.3

Condensed Consolidating Finan72

Condensed Consolidating Financial Statements (Statements of Cash Flows) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	$ 129	$ 126.9
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0.2	0
Purchases of property, plant and equipment	(60.5)	(59.4)
Net cash used in investing activities	(60.3)	(59.4)
Cash flows from financing activities:
Short-term borrowings, net	(1.4)	(2.1)
Asset securitization borrowings	275	145
Asset securitization payments	0	(20)
Long-term debt payments	(200.8)	(30.9)
Proceeds from Issuance of Long-term Debt	0
Borrowings from credit facility	1,883	1,715
Payments on credit facility	(1,701)	(1,493)
Proceeds from employee stock purchases	2.3	1.9
Payments of Debt Issuance Costs	0	(0.9)
Repurchases of common stock	(250)	(300)
Repurchases of common stock to satisfy employee withholding tax obligations	(16)	(26.3)
Intercompany debt	0	0
Intercompany financing activity	0	0
Intercompany investments		0
Cash dividends paid	(58.4)	(50.5)
Net cash provided by financing activities	(67.3)	(61.8)
Increase in cash and cash equivalents	1.4	5.7
Effect of exchange rates on cash and cash equivalents	9.1	3.2
Cash and cash equivalents, beginning of period	50.2	38.9
Cash and cash equivalents, end of period	60.7	47.8
Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	(0.6)	0
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0.1
Purchases of property, plant and equipment	0	0
Net cash used in investing activities	0.1	0
Cash flows from financing activities:
Short-term borrowings, net	0	0
Asset securitization borrowings	0	0
Asset securitization payments	0	0
Long-term debt payments	(0.5)	0
Proceeds from Issuance of Long-term Debt	0
Borrowings from credit facility	0.4	0
Payments on credit facility	0	0
Proceeds from employee stock purchases	0	0
Payments of Debt Issuance Costs		0
Repurchases of common stock	0	0
Repurchases of common stock to satisfy employee withholding tax obligations	0	0
Intercompany debt	0	0
Intercompany financing activity	0.6	0
Intercompany investments		0
Cash dividends paid	0	0
Net cash provided by financing activities	0.5	0
Increase in cash and cash equivalents	0	0
Effect of exchange rates on cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	411.6	15.5
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0
Purchases of property, plant and equipment	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Short-term borrowings, net	0	0
Asset securitization borrowings	0	0
Asset securitization payments	0	0
Long-term debt payments	(200)	(30)
Proceeds from Issuance of Long-term Debt	0
Borrowings from credit facility	1,883	1,715
Payments on credit facility	(1,701)	(1,493)
Proceeds from employee stock purchases	2.3	1.9
Payments of Debt Issuance Costs		(0.9)
Repurchases of common stock	(250)	(300)
Repurchases of common stock to satisfy employee withholding tax obligations	(16)	(26.3)
Intercompany debt	102.8	(6.6)
Intercompany financing activity	(174.3)	178.9
Intercompany investments		0
Cash dividends paid	(58.4)	(50.5)
Net cash provided by financing activities	(411.6)	(11.5)
Increase in cash and cash equivalents	0	4
Effect of exchange rates on cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	1.2	0.5
Cash and cash equivalents, end of period	1.2	4.5
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	(2.4)	262.2
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0.1
Purchases of property, plant and equipment	(48.3)	(52.4)
Net cash used in investing activities	(48.2)	(52.4)
Cash flows from financing activities:
Short-term borrowings, net	0	0
Asset securitization borrowings	0	0
Asset securitization payments	0	0
Long-term debt payments	(0.2)	(0.6)
Proceeds from Issuance of Long-term Debt	(0.1)
Borrowings from credit facility	(0.2)	0
Payments on credit facility	0	0
Proceeds from employee stock purchases	0	0
Payments of Debt Issuance Costs		0
Repurchases of common stock	0	0
Repurchases of common stock to satisfy employee withholding tax obligations	0	0
Intercompany debt	(34.8)	(5.1)
Intercompany financing activity	91	(196)
Intercompany investments		0
Cash dividends paid	0	0
Net cash provided by financing activities	55.9	(201.7)
Increase in cash and cash equivalents	5.3	8.1
Effect of exchange rates on cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	17.1	7.8
Cash and cash equivalents, end of period	22.4	15.9
Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	(279.6)	(150.8)
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0
Purchases of property, plant and equipment	(12.2)	(7)
Net cash used in investing activities	(12.2)	(7)
Cash flows from financing activities:
Short-term borrowings, net	(1.4)	(2.1)
Asset securitization borrowings	275	145
Asset securitization payments	0	(20)
Long-term debt payments	(0.1)	(0.3)
Proceeds from Issuance of Long-term Debt	0.1
Borrowings from credit facility	(0.2)	0
Payments on credit facility	0	0
Proceeds from employee stock purchases	0	0
Payments of Debt Issuance Costs		0
Repurchases of common stock	0	0
Repurchases of common stock to satisfy employee withholding tax obligations	0	0
Intercompany debt	(68)	11.7
Intercompany financing activity	82.7	17.1
Intercompany investments		0
Cash dividends paid	0	0
Net cash provided by financing activities	287.9	151.4
Increase in cash and cash equivalents	(3.9)	(6.4)
Effect of exchange rates on cash and cash equivalents	9.1	3.2
Cash and cash equivalents, beginning of period	31.9	30.6
Cash and cash equivalents, end of period	$ 37.1	$ 27.4