Lennox International (LII) 10-Q 21 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 11, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2019
Entity File Number	001-15149
Entity Registrant Name	LENNOX INTERNATIONAL INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	42-0991521
Entity Address, Address Line One	2140 LAKE PARK BLVD.
Entity Address, City or Town	RICHARDSON
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75080
City Area Code	972
Local Phone Number	497-5000
Title of 12(b) Security	Common stock, $0.01 par value per share
Trading Symbol	LII
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		38,531,575
Entity Central Index Key	0001069202
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 46,100,000	$ 46,300,000
Short-term Investments	2,400,000	0
Accounts and notes receivable, net of allowances of $7.1 and $6.3 in 2019 and 2018, respectively	622,200,000	472,700,000
Inventories, net	585,300,000	509,800,000
Other assets	61,300,000	60,600,000
Total current assets	1,317,300,000	1,089,400,000
Property, plant and equipment, net of accumulated depreciation of $807.0 and $778.5 in 2019 and 2018, respectively	418,800,000	408,300,000
Right-of-use assets from operating leases	172,900,000	0
Goodwill	186,400,000	186,600,000
Deferred income taxes	47,600,000	67,000,000
Other assets, net	71,800,000	65,900,000
Total assets	2,214,800,000	1,817,200,000
Current Liabilities:
Current maturities of long-term debt	394,300,000	300,800,000
Current operating lease liabilities	51,600,000	0
Accounts payable	393,000,000	433,300,000
Accrued expenses	271,000,000	272,300,000
Income taxes payable	0	2,100,000
Total current liabilities	1,109,900,000	1,008,500,000
Long-term debt	1,056,800,000	740,500,000
Long-term operating lease liabilities	123,000,000	0
Pensions	72,500,000	82,800,000
Other liabilities	129,900,000	135,000,000
Total liabilities	2,492,100,000	1,966,800,000
Commitments and contingencies
Stockholders' deficit:
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	900,000	900,000
Additional paid-in capital	1,090,000,000	1,078,800,000
Retained earnings	2,064,400,000	1,855,000,000
Accumulated other comprehensive loss	(127,200,000)	(188,800,000)
Treasury stock, at cost, 48,642,428 shares and 47,312,248 shares for 2019 and 2018, respectively	(3,305,400,000)	(2,895,500,000)
Total stockholders' deficit	(277,300,000)	(149,600,000)
Total liabilities and stockholders' deficit	$ 2,214,800,000	$ 1,817,200,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowances, accounts and notes receivable	$ 7.1	$ 6.3
Accumulated depreciation	$ 807	$ 778.5
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	48,642,428	47,312,248

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net sales	$ 1,032.9	$ 1,030.2	$ 2,922.2	$ 3,040.4
Cost of goods sold	734.6	728.3	2,090.3	2,153.8
Gross profit	298.3	301.9	831.9	886.6
Operating Expenses:
Selling, general and administrative expenses	143.4	149.4	441.6	466.1
Losses (gains) and other expenses, net	2.2	2.7	5.3	10
Restructuring charges	(6.1)	(0.5)	(6.5)	(1.9)
Loss (gain), net on sale of businesses and related property	0.2	6.2	9.1	25.8
Loss on assets held for sale		0.3		0.3
Loss (gain) from insurance recoveries, net of losses incurred	7.1	(0.3)	85.4	(0.3)
Income from equity method investments	(3.3)	(2.4)	(10.5)	(10.8)
Operating income	156.8	145.2	465.3	393.3
Interest expense, net	12.5	10.3	36.5	28.5
non-cash pension settlement loss	0	0	60.6	0
Other expense (income), net	0.6	1.1	1.7	2.4
Income from continuing operations before income taxes	143.7	133.8	366.5	362.4
Provision for income taxes	29	25.8	71.5	77.3
Income from continuing operations	114.7	108	295	285.1
Discontinued Operations:
(Loss) income from discontinued operations before income taxes	0	0	(0.4)	0.4
Income tax expense	0	0	(0.1)	2.1
Loss from discontinued operations	0	0	(0.3)	(1.7)
Net income	$ 114.7	$ 108	$ 294.7	$ 283.4
Earnings per share – Basic:
Income from continuing operations (in dollars per share)	$ 2.97	$ 2.68	$ 7.54	$ 6.98
Loss from discontinued operations (in dollars per share)	0	0	(0.01)	(0.04)
Net income (in dollars per share)	2.97	2.68	7.53	6.94
Earnings per share – Diluted:
Income from continuing operations (in dollars per share)	2.94	2.65	7.46	6.90
Loss from discontinued operations (in dollars per share)	0	0	0	(0.04)
Net income (in dollars per share)	$ 2.94	$ 2.65	$ 7.46	$ 6.86
Average shares outstanding:
Weighted Average Number of Shares Outstanding - Basic	38.6	40.3	39.1	40.8
Weighted Average Number of Shares Outstanding - Diluted	39	40.7	39.5	41.3

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 114.7	$ 108	$ 294.7	$ 283.4
Other comprehensive income:
Foreign currency translation adjustments	(6.2)	3.6	(2.4)	(9.4)
Reclassification of foreign currency translation adjustments into earnings	0	5	2.1	27.9
Net change in pension and post-retirement liabilities	7.6	(2.5)	10.1	(6.3)
Reclassification of pension and post-retirement benefit losses into earnings	1.5	2.4	4.4	7
non-cash pension settlement loss	0	0	60.6	0
Change in available-for-sale marketable equity securities	0	0	0	(1.8)
Net change in fair value of cash flow hedges	(3.1)	(3.8)	(2.3)	(8.9)
Reclassification of cash flow hedge losses (gains) into earnings	2.5	(0.3)	6.9	(7.3)
Other comprehensive income (loss) before income taxes	2.3	4.4	79.4	1.2
Income tax expense (benefit)	0.1	1	(17.8)	(19.4)
Other comprehensive income (loss), net of tax	2.4	5.4	61.6	(18.2)
Comprehensive income	$ 117.1	$ 113.4	$ 356.3	$ 265.2

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' (Deficit) Equity Consolidated Statements of Stockholders' (Deficit) Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]
Treasury Stock, Shares						45,400,000
Beginning balance at Dec. 31, 2017	$ 50.1	$ 0.9	$ 1,061.5	$ 1,575.9	$ (157.4)	$ (2,430.8)
Cumulative Effect on Retained Earnings, Net of Tax	(6.2)			18.3	(24.5)
Net income	283.4			283.4
Dividends, Common Stock, Cash	(72.6)			(72.6)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	(12.7)				(12.7)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	18.5				18.5
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	0.5				0.5
Stock-based compensation expense	21
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	21		21
Stock Issued During Period, Value, Treasury Stock Reissued	2.3		(7)			$ 9.3
Stock Issued During Period, Shares, Treasury Stock Reissued						(300,000)
Treasury Stock, Shares, Acquired						1,800,000
Treasury Stock, Value, Acquired, Cost Method	(371.1)					$ (371.1)
Ending balance at Sep. 30, 2018	(86.8)	0.9	1,075.5	1,805	(175.6)	$ (2,792.6)
Treasury Stock, Shares						46,900,000
Beginning balance at Jun. 30, 2018	(180.2)	0.9	1,068.4	1,722.8	(181)	$ (2,791.3)
Net income	108			108
Dividends, Common Stock, Cash	(25.8)			(25.8)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	(3.2)				(3.2)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	8.6				8.6
Stock-based compensation expense	7.4
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	7.4		7.4
Stock Issued During Period, Value, Treasury Stock Reissued	0.8		$ (0.3)			$ 1.1
Treasury Stock, Shares, Acquired			0			0
Treasury Stock, Value, Acquired, Cost Method	(2.4)					$ (2.4)
Ending balance at Sep. 30, 2018	$ (86.8)	0.9	$ 1,075.5	1,805	(175.6)	$ (2,792.6)
Treasury Stock, Shares						46,900,000
Treasury Stock, Shares	47,312,248					47,300,000
Beginning balance at Dec. 31, 2018	$ (149.6)	0.9	1,078.8	1,855	(188.8)	$ (2,895.5)
Cumulative Effect on Retained Earnings, Net of Tax	(0.3)			(0.3)
Net income	294.7			294.7
Dividends, Common Stock, Cash	(85)			(85)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	3.3				3.3
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(0.3)				(0.3)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	58.6				58.6
Stock-based compensation expense	15.6
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	15.6		15.6
Stock Issued During Period, Value, Treasury Stock Reissued	2.6		(4.4)			$ 7
Stock Issued During Period, Shares, Treasury Stock Reissued						(200,000)
Treasury Stock, Shares, Acquired						1,500,000
Treasury Stock, Value, Acquired, Cost Method	(416.9)					$ (416.9)
Ending balance at Sep. 30, 2019	(277.3)	0.9	1,090	2,064.4	(127.2)	$ (3,305.4)
Treasury Stock, Shares						48,100,000
Beginning balance at Jun. 30, 2019	(217.5)	0.9	1,085.8	1,979.4	(129.6)	$ (3,154)
Net income	114.7			114.7
Dividends, Common Stock, Cash	(29.7)			(29.7)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	(0.4)				(0.4)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	(6.2)				(6.2)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	9				9
Stock-based compensation expense	4.2
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	4.2		4.2
Stock Issued During Period, Value, Treasury Stock Reissued	1		0			$ 1
Treasury Stock, Shares, Acquired						500,000
Treasury Stock, Value, Acquired, Cost Method	(152.4)					$ (152.4)
Ending balance at Sep. 30, 2019	$ (277.3)	$ 0.9	$ 1,090	$ 2,064.4	$ (127.2)	$ (3,305.4)
Treasury Stock, Shares	48,642,428					48,600,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 294.7	$ 283.4
Adjustments to reconcile net income to net cash provided by operating activities:
Loss (gain), net on sale of businesses and related property	9.1	25.8
Loss(gain) from natural disaster, net of Insurance recoveries	(11.6)	0
Loss(gain) from natural disaster, net of Insurance recoveries cash received		0
Income from equity method investments	(10.5)	(10.8)
Loss on assets held for sale		0.3
Proceeds from Equity Method Investment, Distribution	9.3	6.6
Restructuring charges, net of cash paid	6	0.5
Provision for bad debts	4	3.8
Unrealized losses on derivative contracts	(0.1)	1.4
Stock-based compensation expense	15.6	21
Depreciation and amortization	53.1	49.4
Deferred income taxes	17	(5.6)
Pension expense	65.9	6.5
Pension contributions	(1.7)	(20.3)
Other items, net	(0.4)	0.3
Changes in assets and liabilities, net of effects of divestitures:
Accounts and notes receivable	(178.2)	(114)
Inventories	(107)	(73.7)
Other current assets	1.5	(8.6)
Accounts payable	(24.5)	46.9
Accrued expenses	7.6	35.6
Income taxes payable and receivable	(8.2)	(1.4)
Other	(17.1)	(15.5)
Net cash provided by operating activities	124.5	231.3
Cash flows from investing activities:
Proceeds from Sale of Other Property, Plant, and Equipment	1.2
Proceeds from the disposal of property, plant and equipment	1.2	0.1
Purchases of property, plant and equipment	(77)	(60.9)
Net proceeds from sale of business and related property	43.5	115.9
Payments to Acquire Short-term Investments	(2.4)	0
Insurance recoveries received for property damage incurred from natural disaster	11.6	4.2
Net cash used in investing activities	(23.1)	59.3
Cash flows from financing activities:
Short-term debt payments	(5.3)	(41.1)
Asset securitization payments	(58)	(53.7)
Long-term debt payments	(35)	(32.9)
Borrowings from credit facility	1,938.5	1,820
Payments on credit facility	(1,608.5)	(1,766.5)
Proceeds from employee stock purchases	2.5	2.5
Repurchases of common stock	(400)	(350.2)
Repurchases of common stock to satisfy employee withholding tax obligations	(16.9)	(21.1)
Cash dividends paid	(80.9)	(68.2)
Net cash provided by financing activities	(102.8)	(316.6)
Decrease in cash and cash equivalents	(1.4)	(26)
Effect of exchange rates on cash and cash equivalents	1.2	3.9
Cash and cash equivalents, beginning of period	46.3	68.2
Cash and cash equivalents, end of period	46.1	46.1
Supplemental disclosures of cash flow information:
Interest paid	31.5	25.9
Income taxes paid (net of refunds)	78.7	87.2
Insurance Recoveries	138	45
Proceeds from Short-term Debt	5.3	39.6
Asset securitization borrowings	$ 155.5	$ 155

General

General	9 Months Ended
	Sep. 30, 2019
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, 2019 , the accompanying unaudited Consolidated Statements of Operations for the three and nine months ended September 30, 2019 and 2018 , the accompanying unaudited Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2019 and 2018 , the accompanying unaudited Consolidated Statements of Stockholders' (Deficit) Equity for the three and nine months ended September 30, 2019 and 2018 , and the accompanying unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 and 2018 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, 2018 . 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, self-insurance and warranty reserves, 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 In August 2018, the SEC issued Release No. 33-10532 that amends and clarifies certain financial reporting requirements. The principal change to our financial reporting is the inclusion of the annual disclosure requirement of changes in stockholders’ equity in Rule 3-04 of Regulation S-X to interim periods. We adopted other new accounting standards during the first quarter of 2019 and their impacts are discussed in their respective Notes to the Consolidated Financial Statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . ASU 2016-13 replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to estimate credit losses. ASU 2016-13 is effective for SEC filers for interim and annual periods beginning after December 15, 2019. We are currently assessing the impact ASU 2016-13, but do not expect it to have a material impact on our financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition	Revenue Recognition: The following table disaggregates our revenue by business segment by geography which provides information as to the major source of revenue. See Note 16 for additional information on our reportable business segments and the products and services sold in each segment. For the Three Months Ended September 30, 2019 Primary Geographic Markets Residential Heating & Cooling Commercial Heating & Cooling Refrigeration Consolidated United States $ 597.3 $ 227.0 $ 82.5 $ 906.8 Canada 40.3 26.0 — 66.3 International — 0.3 59.5 59.8 Total $ 637.6 $ 253.3 $ 142.0 $ 1,032.9 For the Three Months Ended September 30, 2018 Primary Geographic Markets Residential Heating & Cooling Commercial Heating & Cooling Refrigeration Consolidated United States $ 553.8 $ 212.4 $ 114.0 $ 880.2 Canada 40.9 24.3 2.1 67.3 International — 0.2 82.5 82.7 Total $ 594.7 $ 236.9 $ 198.6 $ 1,030.2 For the Nine Months Ended September 30, 2019 Primary Geographic Markets Residential Heating & Cooling Commercial Heating & Cooling Refrigeration Consolidated United States $ 1,677.6 $ 623.3 $ 254.1 $ 2,555.0 Canada 114.6 63.8 0.7 179.1 International — 0.8 187.3 188.1 Total $ 1,792.2 $ 687.9 $ 442.1 $ 2,922.2 For the Nine Months Ended September 30, 2018 Primary Geographic Markets Residential Heating & Cooling Commercial Heating & Cooling Refrigeration Consolidated United States $ 1,640.9 $ 604.5 $ 322.4 $ 2,567.8 Canada 123.5 62.7 4.1 190.3 International — 0.9 281.4 282.3 Total $ 1,764.4 $ 668.1 $ 607.9 $ 3,040.4 Residential Heating & Cooling - We manufacture and market a broad range of furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment and accessories to improve indoor air quality, comfort control products, replacement parts and supplies and related products for both the residential replacement and new construction markets in North America. These products are sold under various brand names and are sold either through direct sales to a network of independent installing dealers, including through our network of Lennox stores or to independent distributors. For the three months ended September 30, 2019 and 2018 , direct sales represented 74% and 77% of revenues, and sales to independent distributors represented the remainder. For the nine months ended September 30, 2019 and 2018 , direct sales represented 74% and 76% of revenues, and sales to independent distributors represented the remainder. Given the nature of our business, customer product orders are fulfilled at a point in time and not over a period of time. Commercial Heating & Cooling - In North America, we manufacture and sell unitary heating and cooling equipment used in light commercial applications, such as low-rise office buildings, restaurants, retail centers, churches and schools. These products are distributed primarily through commercial contractors and directly to national account customers in the planned replacement, emergency replacement and new construction markets. Revenue for the products sold is recognized at a point in time when control transfers to the customer, which is generally at time of shipment. Lennox National Account Services provides installation, service and preventive maintenance for HVAC national account customers in the United States and Canada. Revenue related to service contracts is recognized as the services are performed under the contract based on the relative fair value of the services provided. For the three months ended September 30, 2019 and 2018 , equipment sales represented 86% and 86% of revenues and the remainder of our revenue was generated from our service business. For the nine months ended September 30, 2019 and 2018 , equipment sales represented 86% and 86% of revenues and the remainder was generated from our service business. Refrigeration - We manufacture and market equipment for the global commercial refrigeration markets under the Heatcraft Worldwide Refrigeration name. Our products are used in the food retail, food service, cold storage as well as non-food refrigeration markets. We sell these products to distributors, installing contractors, engineering design firms, original equipment manufacturers and end-users. In Europe, we also manufacture and sell unitary heating and cooling products and applied systems. Substantially all segment revenue was related to these types of equipment and systems and is recognized at a point in time when control transfers to the customer, which is generally at time of shipment. Less than 1% of segment revenue relates to services for start-up and commissioning activities. Variable Consideration - We engage in cooperative advertising, customer rebate, and other miscellaneous programs that result in payments or credits being issued to our customers. We record these customer discounts and incentives as a reduction of sales when the sales are recorded. For certain cooperative advertising programs, we also receive an identifiable benefit (goods or services) in exchange for the consideration given, and, accordingly, record a ratable portion of the expenditure to Selling, general and administrative (“SG&A”) expenses. All other advertising, promotions and marketing costs are expensed as incurred. Other Judgments and Assumptions - We apply the practical expedient in ASC 606-10-50-14 and do not disclose information about remaining performance obligations that have original expected durations of one year or less. Applying the practical expedient in ASC 340-40-25-4, we recognize the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that we otherwise would have recognized is one year or less. These costs are included in SG&A expenses. ASC 606-10-32-18 allows us to not adjust the amount of consideration to be received in a contract for any significant financing component if we expect to receive payment within twelve months of transfer of control of goods or services. We have elected this expedient as we expect all consideration to be received in one year or less at contract inception. We have also elected not to provide the remaining performance obligations disclosures related to service contracts in accordance with the practical expedient in ASC 606-10-55-18. We recognize revenue in the amount to which the entity has a right to invoice and have adopted this election to not provide the remaining performance obligations related to service contracts. Contract Assets - We do not have material amounts of contract assets since revenue is recognized as control of goods is transferred or as services are performed. There are a small number of installation services that may occur over a period of time, but that period of time is generally very short in duration and right of payment does not exist until the installation is completed. Any contract assets that may arise are recorded in Other assets, net in our Consolidated Balance Sheets. Contract Liabilities - Our contract liabilities consist of advance payments and deferred revenue. Our contract liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. We classify advance payments and deferred revenue as current or noncurrent based on the timing of when we expect to recognize revenue. Generally all contract liabilities are expected to be recognized within one year and are included in Accrued expenses in our Consolidated Balance Sheets. The noncurrent portion of deferred revenue is included in Other liabilities in our Consolidated Balance Sheets. Net contract assets (liabilities) consisted of the following: September 30, 2019 December 31, 2018 $ Change % Change Contract assets $ — $ 2.5 $ (2.5 ) (100.0 )% Contract liabilities - current (8.4 ) (13.0 ) 4.6 (35.4 )% Contract liabilities - noncurrent (5.9 ) (5.9 ) — — % Total $ (14.3 ) $ (16.4 ) $ 2.1 For the three months ended September 30, 2019 and 2018 , we recognized revenue of $0.2 million and $1.3 million and for the nine months ended September 30, 2019 and 2018 , we recognized revenue of $2.8 million and $4.2 million related to our contract liabilities at January 1, 2019 and 2018, respectively. Impairment losses recognized in our receivables and contract assets were de minimis in 2018 and 2019.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories: The components of inventories are as follows (in millions): As of September 30, 2019 As of December 31, 2018 Finished goods $ 404.2 $ 330.5 Work in process 7.2 10.0 Raw materials and parts 233.5 229.1 Subtotal 644.9 569.6 Excess of current cost over last-in, first-out cost (59.6 ) (59.8 ) Total inventories, net $ 585.3 $ 509.8

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill: The changes in the carrying amount of goodwill for the first nine months of 2019, in total and by segment, are summarized in the table below (in millions): Balance at December 31, 2018 Goodwill Reallocation (1) Changes in foreign currency translation rates Balance at September 30, 2019 Residential Heating & Cooling $ 26.1 $ — $ — $ 26.1 Commercial Heating & Cooling 61.4 (0.3 ) — 61.1 Refrigeration 99.1 0.3 (0.2 ) 99.2 Total Goodwill $ 186.6 $ — $ (0.2 ) $ 186.4 (1) In 2019, we reorganized our external financial reporting structure by moving our European Commercial HVAC business from our Commercial segment to our Refrigeration segment as we manage both our commercial HVAC and refrigeration operations in Europe together. See Note 16 for additional information.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2019
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 are 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 foreign exchange forward contracts and commodity futures contracts designated as cash flow hedges that are scheduled to mature through December 2020 and February 2021 , 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, 2019 As of December 31, 2018 Unrealized losses on unsettled contracts $ 3.8 $ 8.4 Income tax benefit (0.9 ) (2.2 ) Losses (gains) included in AOCL, net of tax (1) $ 2.9 $ 6.2 (1) Assuming commodity and foreign currency prices remain constant, we expect to reclassify $2.8 million

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes: As of September 30, 2019 , we had approximately $2.7 million in total gross unrecognized tax benefits. Of this amount $2.7 million, if recognized, would be recorded through the Consolidated Statement of Operations. We are currently under examination for our U.S. federal income taxes under the Internal Revenue Service's Compliance Assurance Program for 2018 and are subject to examination by numerous other taxing authorities in the U.S. and in foreign jurisdictions. 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, 2019, several states have enacted legislation effective for tax years beginning on or after January 1, 2019, including changes to tax rates and apportionment methods. The impact of these changes is immaterial.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies: Leases On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842). We adopted ASC 842 on January 1, 2019, using the effective date method, with the cumulative-effect adjustment to the opening balance sheet of retained earnings as of the effective date. The financial results reported in periods prior to January 1, 2019 are unchanged. Upon adoption, we recognized almost all of our leases greater than one year in duration on the balance sheet as right-of-use assets and lease liabilities. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification is based on criteria that are largely similar to those applied in current lease accounting standard, but without explicit bright lines. We have made certain assumptions in judgments when applying ASC 842. Those judgments of most significance are as follows: • We elected the package of practical expedients available for transition which allow us to not reassess: ◦ Whether expired or existing contracts contain leases under the new definition of a lease; ◦ Lease classification for expired or existing leases; and ◦ Whether previously capitalized initial direct costs would qualify for capitalization under ASC 842. • We did not elect to use hindsight for transition when considering judgments and estimates such as assessments of lessee options to extend or terminate a lease or purchase the underlying asset. • We did not elect to reassess whether land easements meet the definition of a lease if they were not accounted for as leases under the former rules. • For all asset classes, we elected to not recognize a right-of-use asset and lease liability for leases with a term of 12 months or less. • For all asset classes, we elected to not separate non-lease components from lease components to which they relate and have accounted for the combined lease and non-lease components as a single lease component. We determine if an arrangement is a lease at inception. Operating leases are included in our Consolidated Balance Sheet as Right-of-use assets from operating leases, Current operating lease liabilities and Long-term operating lease liabilities. Finance leases are included in Property, plant and equipment, Current maturities of long-term debt and Long-term debt in our Consolidated Balance Sheet. Many of our lease agreements contain renewal options; however, we do not recognize right-of-use assets or lease liabilities for renewal periods unless it is determined that we are reasonably certain of renewing the lease at inception or when a triggering event occurs. Some of our lease agreements contain rent escalation clauses (including index-based escalations), rent holidays, capital improvement funding or other lease concessions. We recognize our minimum rental expense on a straight-line basis based on the fixed components of a lease arrangement. We amortize this expense over the term of the lease beginning with the date of initial possession, which is the date we enter the leased space and begin to make improvements in preparation for its intended use. Variable lease components represent amounts that are not fixed in nature and are not tied to an index or rate, and are recognized as incurred. Under certain of our third-party service agreements, we control a specific space or underlying asset used in providing the service by the third-party service provider. These arrangements meet the definition under ASC 842 and therefore are accounted for under ASC 842. In determining our right-of-use assets and lease liabilities, we apply a discount rate to the minimum lease payments within each lease agreement. ASC 842 requires us to use the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. When we cannot readily determine the discount rate implicit in the lease agreement, we utilize our incremental borrowing rate. To estimate our specific incremental borrowing rates over various tenors (ranging from 1-year through 30-years), a comparable market yield curve consistent with our credit quality was calibrated to our publicly outstanding debt instruments. We lease certain real and personal property under non-cancelable operating leases. Approximately 73% of our right-of-use assets and lease liabilities relate to our leases of real estate with the remaining amounts relating to our leases of IT equipment, fleet vehicles and manufacturing and distribution equipment. The components of lease expense were as follows (in millions): For the Three Months Ended September 30, 2019 For the Nine Months Ended September 30, 2019 Finance lease cost: Amortization of right-of-use assets $ 1.9 $ 5.2 Interest on lease liabilities 0.2 0.5 Operating lease cost 14.7 44.0 Short-term lease cost 1.1 3.4 Variable lease cost 5.0 15.1 Total lease cost $ 22.9 $ 68.2 Other information Cash paid for amounts included in the measurement lease liabilities: Operating cash flows from operating leases $ 15.0 $ 42.4 Financing cash flows from finance leases $ 2.0 $ 5.8 Right-of-use assets obtained in exchange for new finance lease liabilities $ 2.5 $ 8.5 Right-of-use assets obtained in exchange for new operating lease liabilities $ 10.3 $ 31.9 As of September 30, 2019 Finance lease right-of-use assets $ 24.4 Operating lease right-of-use assets $ 172.9 Finance lease liability, current $ 6.9 Finance lease liability, non-current $ 23.7 Operating lease liability, current $ 51.6 Operating lease liability, non-current $ 123.0 Weighted-average remaining lease term - finance leases 5.2 years Weighted-average remaining lease term - operating leases 4.2 years Weighted-average discount rate - finance leases 2.10 % Weighted-average discount rate – operating leases 3.81 % Future annual minimum lease payments and finance lease commitments as of September 30, 2019 were as follows (in millions): Operating Leases Finance Leases 2019 (excluding the nine months ended September 30, 2019) $ 14.9 $ 2.0 2020 55.3 7.1 2021 42.9 5.5 2022 30.3 3.6 2023 23.3 1.6 2024 and thereafter 22.5 11.9 Total minimum lease payments $ 189.2 $ 31.7 Less imputed interest (14.6 ) (1.1 ) Lease liability $ 174.6 $ 30.6 The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in millions): Operating Leases Capital Leases 2019 $ 47.4 $ 6.6 2020 38.4 5.4 2021 27.2 3.8 2022 17.9 2.1 2023 12.7 0.9 Thereafter 16.1 12.8 Total minimum lease payments $ 159.7 $ 31.6 Less amount representing interest (2.1 ) Present value of minimum payments $ 29.5 On March 1, 2019, we entered into an agreement with a financial institution to renew the lease of our corporate headquarters in Richardson, Texas for a term of five years through March 1, 2024. The leased property consists of an office building of approximately 192,000 square feet, land and related improvements. During the lease term, we are obligated to pay base rent in quarterly installments, payable in arrears. At the end of the lease term, we must do one of the following: (i) purchase the property for $41.2 million ; (ii) vacate the property and return it in good condition; (iii) arrange for the sale of the leased property to a third party; or (iv) renew the lease under mutually agreeable terms. If we elect to sell the property to a third party and the sales proceeds are less than the lease balance of $41.2 million , we must pay any such deficit to the financial institution. Any such deficit payment cannot exceed 87% of the lease balance. The headquarters lease is classified as an operating lease and its future annual minimum lease payments are included in the table above. Our obligations under the headquarters lease are secured by a pledge of our interest in the leased property. The lease contains customary lease covenants and events of default as well as events of default if (i) indebtedness of $75 million or more is not paid when due, (ii) there is a change of control or (iii) we fail to comply with certain covenants incorporated from our existing credit facility agreement. We believe we were in compliance with these financial covenants as of September 30, 2019 . Product Warranties and Product Related Contingencies We provide 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, 2019 As of December 31, 2018 Accrued expenses $ 38.2 $ 37.9 Other liabilities 75.8 73.7 Total warranty liability $ 114.0 $ 111.6 The changes in product warranty liabilities related to continuing operations for the nine months ended September 30, 2019 were as follows (in millions): Total warranty liability as of December 31, 2018 $ 111.6 Warranty claims paid (28.2 ) Changes resulting from issuance of new warranties 36.0 Changes in estimates associated with pre-existing liabilities (4.8 ) Changes in foreign currency translation rates and other (0.2 ) Warranty liability from divestitures (0.4 ) Total warranty liability as of September 30, 2019 $ 114.0 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. Liabilities for such quality related issues are not material. 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 was isolated, the vendor is supplying corrected components, and we are manufacturing products with the corrected components. We incurred and recorded insignificant expenses associated with this product quality in 2017. In the second quarter of 2019, the vendor agreed to reimburse us for certain losses incurred due to this quality issue. These reimbursements include cash payments in 2019 and price reductions on annual qualifying purchases from this vendor through 2024. Reimbursements we receive from the vendor will offset the costs we have incurred related to this product quality matter. 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. We may have greater financial exposure for future settlements and judgments. The following table summarizes the expenses, net of probable insurance recoveries, for known and future asbestos-related litigation recorded in Losses (gains) and other expenses, net in the Consolidated Statements of Operations. For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2018 2019 2018 Expense for asbestos-related litigation $ 1.5 $ 1.4 $ 3.3 $ 3.3 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. Marshalltown Tornado and Recovery On July 19, 2018, our manufacturing facility in Marshalltown, Iowa was severely damaged by a tornado. We have insurance for the repair or replacement of our assets that suffered damage or loss, and we are working closely with our insurance carriers and claims adjusters to ascertain the amount of insurance recoveries due to us as a result of the damage and loss we suffered. Our insurance policies also provide business interruption coverage, including lost profits, and reimbursement for other expenses and costs that have been incurred relating to the damages and losses suffered. These costs and insurance recoveries are shown in (Gain) loss from insurance recoveries, net of losses incurred in the Consolidated Statements of Operations. The following table summarizes the Gain from insurance recoveries, net of losses incurred: (Amounts in millions) For the Three months Ended September 30, For the Nine months Ended September 30, 2019 2018 2019 2018 Insurance recoveries received $ 10.0 $ 45.0 $ 138.0 $ 45.0 Insurance recoveries receivable — 4.1 — 4.1 Less losses and expenses incurred: Site clean-up and remediation (3.5 ) 28.4 19.8 28.4 Factory inefficiencies due to lower productivity 0.8 4.9 9.3 4.9 Write-off of property, plant and equipment — 4.2 — 4.2 Write-off of inventory — 5.2 — 5.2 Other 5.6 6.7 23.5 6.7 Total losses and expenses $ 2.9 $ 49.4 $ 52.6 $ 49.4 Total gain (loss) from insurance recoveries $ 7.1 $ (0.3 ) $ 85.4 $ (0.3 ) Components of (Gain) loss from insurance recoveries, net of losses incurred: Insurance proceeds for lost profits (8.3 ) 0.3 (73.8 ) 0.3 (Gain) loss from insurance recoveries, net of losses incurred 1.2 — (11.6 ) —

Lines of Credit and Financing A

Lines of Credit and Financing Arrangements	9 Months Ended
	Sep. 30, 2019
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, 2019 As of December 31, 2018 Current maturities of long-term debt: Asset Securitization Program $ 365.5 $ 268.0 Finance lease obligations 6.9 3.5 Domestic credit facility 22.5 30.0 Debt issuance costs (0.6 ) (0.7 ) Total current maturities of long-term debt $ 394.3 $ 300.8 Long-Term Debt: Finance lease obligations 23.7 15.7 Domestic credit facility 685.5 378.0 Senior unsecured notes 350.0 350.0 Debt issuance costs (2.4 ) (3.2 ) Total long-term debt $ 1,056.8 $ 740.5 Total debt $ 1,451.1 $ 1,041.3 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 no outstanding foreign obligations as of September 30, 2019 or December 31, 2018. There were $5.3 million in proceeds and repayments on these facilities for the nine months ended September 30, 2019. Proceeds and repayments on these facilities were $39.6 million and $41.1 million , respectively, for the nine months ended September 30, 2018. 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. As a result of the repurchase right, the transfer of the receivables under the ASP is not accounted for as a sale. Accordingly, the cash received from the transfer of the beneficial interests in our trade accounts receivable is 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. 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 transferred under the ASP. The ASP will expire in November 2019 and we intend to renew the ASP prior to its expiration. The ASP provides for a maximum securitization amount ranging from $225.0 million to $380.0 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, 2019 As of December 31, 2018 Eligible amount available under the ASP on qualified accounts receivable $ 380.0 $ 290.0 Less: Beneficial interest transferred (365.5 ) (268.0 ) Remaining amount available $ 14.5 $ 22.0 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 either the average LIBOR rate or floating commercial paper rate determined by the purchaser of the beneficial interest, plus a program fee of 0.70% . The average rates as of September 30, 2019 and December 31, 2018 were 2.79% and 3.27% , respectively. The unused fee is based on 101% of the maximum available amount less the beneficial interest transferred and is calculated at a 0.35% fixed rate throughout the term of the agreement. 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. As of September 30, 2019 , we believe we were in compliance with all covenant requirements. Long-Term Debt Domestic Credit Facility On January 22, 2019, we amended our Domestic Credit Facility to provide for a $350.0 million increase in revolving commitments. The Domestic Credit Facility currently consists of a $1,000.0 million unsecured revolving credit facility and a $190.0 million unsecured term loan that matures in August 2021 (the "Maturity Date"). Under our Domestic Credit Facility, we had outstanding borrowings of $708.0 million , of which $160.0 million was the term loan balance, as well as $2.5 million committed to standby letters of credit as of September 30, 2019 . Subject to covenant limitations, $449.5 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 . The revolving credit facility includes a subfacility for swingline loans of up to $65.0 million . Our weighted average borrowing rate on the facility was as follows: As of September 30, 2019 As of December 31, 2018 Weighted average borrowing rate 3.31 % 3.74 % 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, 2019 , 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. 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, 2019

Pension and Post-Retirement Ben

Pension and Post-Retirement Benefit Plans	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Pension and Post-Retirement Benefit Plans	Pension and Post-Retirement Benefit Plans: On March 10, 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . ASU 2017-07 changes the income statement presentation of defined benefit plan expense by requiring separation between operating expense (service cost component) and non-operating expense (all other components, including interest cost, amortization of prior service cost, curtailments and settlements, etc.). The operating expense component is reported with similar compensation costs while the non-operating components are reported in Other expense (income), net in the Statement of Operations. In addition, only the service cost component is eligible for capitalization as part of an asset such as inventory or property, plant and equipment. We elected the practical expedient to use the prior year's disclosure as a basis for the retroactive adoption of the ASU. The ASU did not have a material impact on our financial results. On April 3, 2019, we entered into an agreement with Pacific Life Insurance Company to purchase a group annuity contract and transfer $100.0 million of our pension plan assets and $105.6 million of related pension benefit obligations. In the second quarter of 2019, we recognized a $ 60.6 million pension settlement charge in the Statement of Operations and reclassified $5.6 million of pension benefit obligations to AOCL as a result of this transaction. The components of net periodic benefit cost for pensions benefits were as follows (in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2018 2019 2018 Service cost $ 1.2 $ 1.3 $ 3.6 $ 4.0 Interest cost 2.7 3.1 8.1 9.3 Expected return on plan assets (3.6 ) (4.7 ) (10.8 ) (14.1 ) Amortization of prior service cost 0.1 0.1 0.1 0.1 Recognized actuarial loss 1.4 2.3 4.3 6.9 Other — 0.3 — 0.3 Settlements and curtailments — — 60.6 — Net periodic benefit cost $ 1.8 $ 2.4 $ 65.9 $ 6.5 In January 2018, we reduced our estimated long-term rate of return on plan assets for U.S. pension plans from 7.5% to 6.5% . A 25 basis point decrease in the long-term rate of return will result in a $0.4 million increase in net periodic benefit cost for U.S. pension plans.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [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. 2019 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, 2019 2018 2019 2018 Stock-based compensation expense (1) $ 4.2 $ 7.4 $ 15.6 $ 21.0 (1) All expense was recorded in our Corporate and Other business segment.

Stock Repurchases

Stock Repurchases	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Stock Repurchases	Stock Repurchases: Our Board of Directors has authorized a total of $2.5 billion to repurchase shares of our common stock (collectively referred to as the "Share Repurchase Plans"), including a $500 million share repurchase authorization in March 2018. Under this program, we may repurchase shares from time to time in open market transactions and in privately negotiated transactions based on business, market, applicable legal requirements and other considerations. The repurchase program does not require the repurchase of a specific number of shares and may be terminated at any time. As of September 30, 2019 , $46 million of shares may be repurchased under the Share Repurchase Plans. We repurchased 0.4 million shares for $100.0 million during the first quarter of 2019, 0.6 million shares for $150.0 million during the second quarter of 2019 and 0.5 million shares for $150.0 million during the third quarter of 2019, respectively, from open market transactions. We also repurchased 0.1 million shares for $16.9 million during the nine months ended September 30, 2019 from employees who surrendered shares to satisfy minimum tax withholding obligations upon the exercise of long-term incentive awards.

Comprehensive Income

Comprehensive Income	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Comprehensive Income	Comprehensive Income (Loss): 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 2019 2018 2019 2018 Gains/(Losses) on cash flow hedges: Commodity futures contracts/foreign exchange forward contracts $ (2.5 ) $ 0.3 $ (6.9 ) $ 7.3 Cost of goods sold Income tax benefit (expense) 0.5 (0.1 ) 1.6 (1.7 ) Provision for income taxes Net of tax $ (2.0 ) $ 0.2 $ (5.3 ) $ 5.6 Defined Benefit Plan items: Pension and post-retirement benefit costs $ (1.5 ) $ (2.4 ) $ (4.4 ) $ (7.0 ) Cost of goods sold; Selling, general and administrative expenses Pension settlement — — (60.6 ) — Pension settlement Income tax benefit 0.4 0.6 16.2 1.7 Provision for income taxes Net of tax $ (1.1 ) $ (1.8 ) $ (48.8 ) $ (5.3 ) Foreign Currency Translation Adjustments: Foreign currency adjustments on sale of businesses $ — $ (5.0 ) $ (2.1 ) $ (27.9 ) Loss (gain), net on sale of businesses and related property Net of tax $ — $ (5.0 ) $ (2.1 ) $ (27.9 ) Total reclassifications from AOCL $ (3.1 ) $ (6.6 ) $ (56.2 ) $ (27.6 ) The following table provides information on changes in AOCL , by component (net of tax), for the nine months ended September 30, 2019 (in millions): Gains (Losses) on Cash Flow Hedges Defined Benefit Pension Plan Items Foreign Currency Translation Adjustments Total AOCL Balance as of December 31, 2018 $ (6.2 ) $ (154.5 ) $ (28.1 ) $ (188.8 ) Other comprehensive income (loss) before reclassifications (2.0 ) 9.8 (2.4 ) 5.4 Amounts reclassified from AOCL 5.3 48.8 2.1 56.2 Net other comprehensive (loss) income 3.3 58.6 (0.3 ) 61.6 Balance as of Septemer 30, 2019 $ (2.9 ) $ (95.9 ) $ (28.4 ) $ (127.2 )

Restructuring Charges

Restructuring Charges	9 Months Ended
	Sep. 30, 2019
Restructuring Charges [Abstract]
Restructuring Charges	Restructuring Charges: We record restructuring charges associated with management-approved restructuring plans when we reorganize or remove duplicative headcount or 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, accelerated depreciation for impaired assets 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 16. Restructuring Activities in 2019 In the third quarter of 2019, the Commercial Heating & Cooling and Corporate segments incurred restructuring charges primarily related to activities to re-align resources and its product portfolio. Information regarding the restructuring charges for all ongoing activities is presented in the following table (in millions): Charges Incurred in 2019 Charges Incurred to Date Total Charges Expected to be Incurred Severance and related expense $ 1.5 $ 3.9 $ 4.1 Asset write-offs and accelerated depreciation 5.3 5.3 5.3 Lease termination (0.3 ) 0.4 0.4 Other — — 1.4 Total restructuring charges $ 6.5 $ 9.6 $ 11.2 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 2019 Charges Incurred to Date Total Charges Expected to be Incurred Commercial Heating & Cooling 0.7 2.4 4.0 Refrigeration 0.7 2.1 2.1 Corporate & Other 5.1 5.1 5.1 Total restructuring charges $ 6.5 $ 9.6 $ 11.2

Divestitures

Divestitures	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	: 2019 Divestiture: During the first quarter of 2019, we obtained Board of Directors' approval and signed an agreement with EPTA S.p.A., a private Italian company, for the sale of our Kysor Warren business. The sale was completed on March 29, 2019. The following table summarizes the net loss recognized in connection with this divestiture: (Amounts in millions) For the Nine Months Ended September 30, 2019 Cash received from the buyer $ 49.0 Net assets sold (50.5 ) AOCI reclassification adjustments, primarily foreign currency translation (2.1 ) Direct costs to sell (5.5 ) Loss on sale of business $ (9.1 ) 2018 Divestitures: Australia, New Zealand and Asia Divestiture During the first quarter of 2018, we obtained Board of Directors' approval and signed an agreement with Beijer Ref AB, a Stockholm Stock Exchange-listed company, for the sale of our Australia, New Zealand and Asia business, except for the Milperra property that was sold during the second quarter of 2018. We completed the sale to Beijer Ref AB in the second quarter of 2018 with the final post-completion adjustment being recorded in the third quarter of 2018. The following table summarizes the net loss recognized in connection with this divestiture: (Amounts in millions) For the Year Ended December 31, 2018 Cash received from the buyer $ 82.9 Net assets sold (1) (87.2 ) AOCI reclassification adjustments, primarily foreign currency translation (3.2 ) Direct costs to sell (5.8 ) Loss on sale of business $ (13.3 ) (1) Includes $10.3 million of net assets that were written down during the quarter ended March 31, 2018 based on the expected proceeds from the sale, net of selling costs for the sale for our Australia, New Zealand and Asia business. The Milperra property was sold during the quarter ended June 30, 2018. We received net cash proceeds of $37.2 million net of direct costs to sell of $1.5 million . The net gain recognized in connection with this sale was $23.8 million . South America Divestiture During the second quarter of 2018, we obtained Board of Directors' approval and signed an agreement with Elgin SA, a private Brazilian company, for the sale of our South America business. The sale was subject to Brazilian antitrust approval. We obtained antitrust approval and completed the sale to Elgin SA in the third quarter of 2018. The following table summarizes the net loss recognized in connection with this divestiture: (Amounts in millions) For the Year Ended December 31, 2018 Cash received from the buyer $ 4.2 Net assets sold (2) (14.1 ) AOCI reclassification adjustments, primarily foreign currency translation (24.7 ) Direct costs to sell (2.9 ) Loss on sale of business $ (37.5 ) (2) Includes $1.2 million of net assets that were written down during the quarter ended June 30, 2018 based on the expected proceeds from the sale, net of selling costs for the sale for our South America business. The total Loss (gain), net on sale of businesses and related property in our Consolidated Statements of Operations for year ended December 31, 2018 of $27.0 million is comprised of the $13.3 million loss on the sale of our Australia, New Zealand and Asia business, the $23.8 million gain on the sale of our Milperra property, and the $37.5 million loss on the sale of our South America business.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
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, 2019 2018 2019 2018 Net income $ 114.7 $ 108.0 $ 294.7 $ 283.4 Add: Loss from discontinued operations — — 0.3 1.7 Income from continuing operations $ 114.7 $ 108.0 $ 295.0 $ 285.1 Weighted-average shares outstanding – basic 38.6 40.3 39.1 40.8 Add: Potential effect of dilutive securities attributable to stock-based payments 0.4 0.4 0.4 0.5 Weighted-average shares outstanding – diluted 39.0 40.7 39.5 41.3 Earnings per share – Basic: Income from continuing operations $ 2.97 $ 2.68 $ 7.54 $ 6.98 Loss from discontinued operations — — (0.01 ) (0.04 ) Net income $ 2.97 $ 2.68 $ 7.53 $ 6.94 Earnings per share – Diluted: Income from continuing operations $ 2.94 $ 2.65 $ 7.46 $ 6.90 Loss from discontinued operations — — — (0.04 ) Net income $ 2.94 $ 2.65 $ 7.46 $ 6.86 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, 2019 2018 2019 2018 Weighted-average number of shares — 0.2 — 0.2 Price per share $ — $ 205.53 $ — $ 205.53

Reportable Business Segments

Reportable Business Segments	9 Months Ended
	Sep. 30, 2019
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 Central America South 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 (1) Asia Pacific (2) South America (2) Central America (1) Effective January 1, 2019, we realigned our segment structure. We shifted financial reporting of the European Commercial HVAC business from our Commercial Heating & Cooling segment to our Refrigeration segment as we manage both our commercial HVAC and refrigeration operations in Europe together. We have revised our historical segment results to present them on a comparable basis. (2) Our businesses in the Asia Pacific and South America area were sold in the second and third quarters of 2018, respectively. Refer to Note 14 for details regarding the divestiture of these businesses. 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, 2019 2018 2019 2018 Net sales Residential Heating & Cooling $ 637.6 $ 594.7 $ 1,792.2 $ 1,764.4 Commercial Heating & Cooling 253.3 236.9 687.9 668.1 Refrigeration 142.0 198.6 442.1 607.9 $ 1,032.9 $ 1,030.2 $ 2,922.2 $ 3,040.4 Segment profit (loss) (1) Residential Heating & Cooling $ 126.5 $ 113.0 $ 366.6 $ 317.9 Commercial Heating & Cooling 47.1 44.8 116.0 117.6 Refrigeration 19.8 24.9 47.3 57.1 Corporate and other (18.1 ) (28.1 ) (54.3 ) (61.8 ) Total segment profit 175.3 154.6 475.6 430.8 Reconciliation to Operating income: Special inventory write down — — — 0.2 Special product quality adjustment (0.5 ) — (1.0 ) — Loss (gain), net on sale of businesses and related property 0.2 6.2 9.1 25.8 Loss (gain) from insurance recoveries, net of losses incurred 1.2 0.3 (11.6 ) 0.3 Prior quarter partial advance of insurance recoveries related to lost profits 8.0 — — — Items in losses (gains) and other expenses, net that are excluded from segment profit (loss) (1) 3.5 2.4 7.3 9.3 Restructuring charges 6.1 0.5 6.5 1.9 Operating income $ 156.8 $ 145.2 $ 465.3 $ 393.3 (1) We define segment profit (loss) as a segment's operating income included in the accompanying Consolidated Statements of Operations, excluding: 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, ◦ Environmental liabilities, ◦ Other items, net, • Special inventory write down, • Special product quality adjustment , • Loss (gain) on sale of businesses and related property, • Prior quarter partial advance of insurance recoveries related to lost profits , • Loss (gain) from insurance recoveries, net of losses incurred ; and, • Restructuring charges. Total Assets by Segment As of September 30, 2019 As of December 31, 2018 Total Assets: Residential Heating & Cooling $ 1,165.3 $ 837.4 Commercial Heating & Cooling 423.4 349.5 Refrigeration 415.7 462.9 Corporate and other 210.4 167.4 Total assets $ 2,214.8 $ 1,817.2

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
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, 2019 were the same as those used at December 31, 2018 . Assets and Liabilities Carried at Fair Value on a Recurring Basis 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 5 for more information related to our derivative instruments. 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, 2019 As of December 31, 2018 Senior unsecured notes $ 357.1 $ 338.4

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	9 Months Ended
	Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Financial Statements	Condensed Consolidating Financial Statements: Our senior unsecured notes are unconditionally guaranteed by certain of our 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 our investments in our subsidiaries using the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. Our condensed consolidating financial statements and our Guarantor Subsidiaries and Non-Guarantor Subsidiaries as of September 30, 2019 and December 31, 2018 , and for the three and nine months ended September 30, 2019 and 2018 are shown on the following pages. Condensed Consolidating Balance Sheets As of September 30, 2019 (Unaudited) (Amounts in millions) Parent Guarantor Non-Guarantor Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ 1.4 $ 26.0 $ 18.7 $ — $ 46.1 Short-term investments — — 2.4 — $ 2.4 Accounts and notes receivable, net — 72.0 550.2 — 622.2 Inventories, net — 509.2 78.3 (2.2 ) 585.3 Other assets 3.4 42.8 49.4 (34.3 ) 61.3 Total current assets 4.8 650.0 699.0 (36.5 ) 1,317.3 Property, plant and equipment, net — 365.4 53.4 — 418.8 Right-of-use assets from operating leases — 149.0 23.9 — 172.9 Goodwill — 166.1 20.3 — 186.4 Investment in subsidiaries 1,651.7 422.1 50.2 (2,124.0 ) — Deferred income taxes (12.2 ) 49.5 22.5 (12.2 ) 47.6 Other assets, net 1.4 54.6 1.6 14.2 71.8 Intercompany (payables) receivables, net (872.4 ) 857.5 134.8 (119.9 ) — Total assets $ 773.3 $ 2,714.2 $ 1,005.7 $ (2,278.4 ) $ 2,214.8 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Current maturities of long-term debt 21.9 5.8 366.6 — 394.3 Current operating lease liabilities — 44.4 7.2 — 51.6 Accounts payable 29.7 317.6 45.7 — 393.0 Accrued expenses 11.2 219.1 40.7 — 271.0 Income taxes (receivable) payable (45.7 ) 52.3 44.2 (50.8 ) — Total current liabilities 17.1 639.2 504.4 (50.8 ) 1,109.9 Long-term debt 1,033.2 21.7 1.9 — 1,056.8 Long-term operating lease liabilities — 106.1 16.9 — 123.0 Pensions — 64.9 7.6 — 72.5 Other liabilities 0.3 122.7 6.9 — 129.9 Total liabilities 1,050.6 954.6 537.7 (50.8 ) 2,492.1 Commitments and contingencies Total stockholders' (deficit) equity (277.3 ) 1,759.6 468.0 (2,227.6 ) (277.3 ) Total liabilities and stockholders' (deficit) equity $ 773.3 $ 2,714.2 $ 1,005.7 $ (2,278.4 ) $ 2,214.8 Lennox International Inc. and Subsidiaries Condensed Consolidating Balance Sheets As of December 31, 2018 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ 1.8 $ 15.4 $ 29.1 $ — $ 46.3 Accounts and notes receivable, net — 44.3 428.4 — 472.7 Inventories, net — 411.4 103.9 (5.5 ) 509.8 Other assets 3.3 36.2 54.7 (33.6 ) 60.6 Total current assets 5.1 507.3 616.1 (39.1 ) 1,089.4 Property, plant and equipment, net — 293.3 118.6 (3.6 ) 408.3 Goodwill — 166.1 20.5 — 186.6 Investment in subsidiaries 1,311.9 357.8 (0.5 ) (1,669.2 ) — Deferred income taxes 1.4 54.4 23.4 (12.2 ) 67.0 Other assets, net 1.5 48.1 17.8 (1.5 ) 65.9 Intercompany (payables) receivables, net (715.5 ) 675.8 142.6 (102.9 ) — Total assets $ 604.4 $ 2,102.8 $ 938.5 $ (1,828.5 ) $ 1,817.2 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Current maturities of long-term debt 29.4 2.8 268.6 — 300.8 Accounts payable 25.5 295.7 112.1 — 433.3 Accrued expenses 12.1 213.8 46.4 — 272.3 Income taxes (receivable) payable (38.5 ) 40.6 50.8 (50.8 ) 2.1 Total current liabilities 28.5 552.9 477.9 (50.8 ) 1,008.5 Long-term debt 724.9 15.0 0.6 — 740.5 Pensions — 75.1 7.7 — 82.8 Other liabilities 0.6 126.4 8.0 — 135.0 Total liabilities 754.0 769.4 494.2 (50.8 ) 1,966.8 Commitments and contingencies Total stockholders' (deficit) equity (149.6 ) 1,333.4 444.3 (1,777.7 ) (149.6 ) Total liabilities and stockholders' (deficit) equity $ 604.4 $ 2,102.8 $ 938.5 $ (1,828.5 ) $ 1,817.2 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Operations and Comprehensive Income For the Three Months Ended September 30, 2019 (Unaudited) (Amounts in millions) Parent Guarantor Non-Guarantor Eliminations Consolidated Net sales $ — $ 950.0 $ 139.5 $ (56.6 ) $ 1,032.9 Cost of goods sold — 681.2 109.8 (56.4 ) 734.6 Gross profit — 268.8 29.7 (0.2 ) 298.3 Operating expenses: Selling, general and administrative expenses — 139.9 3.5 — 143.4 Losses (gains) and other expenses, net 0.2 1.5 0.6 (0.1 ) 2.2 Restructuring charges — 6.0 0.1 — 6.1 Loss on sale of business — 0.2 — — 0.2 Gain from insurance recoveries, net of losses incurred — (7.1 ) — — (7.1 ) Income from equity method investments (116.4 ) (20.1 ) (2.3 ) 135.5 (3.3 ) Operating income 116.2 148.4 27.8 (135.6 ) 156.8 Interest expense, net 2.1 7.7 2.7 — 12.5 Other expense (income), net — 0.5 0.1 — 0.6 Income from continuing operations before income taxes 114.1 140.2 25.0 (135.6 ) 143.7 Provision for income tax (benefit) expense (0.6 ) 23.0 6.6 — 29.0 Income from continuing operations 114.7 117.2 18.4 (135.6 ) 114.7 Net income (loss) $ 114.7 $ 117.2 $ 18.4 $ (135.6 ) $ 114.7 Other comprehensive (loss) income, net of tax (0.3 ) 7.7 (5.0 ) — 2.4 Comprehensive income $ 114.4 $ 124.9 $ 13.4 $ (135.6 ) $ 117.1 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2019 (Unaudited) (Amounts in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities $ 21.0 $ 217.7 $ (114.2 ) $ — $ 124.5 Cash flows from investing activities: Proceeds from the disposal of property, plant and equipment — 0.8 0.4 — 1.2 Purchases of property, plant and equipment — (71.6 ) (5.4 ) — (77.0 ) Net proceeds from sale of business — 42.9 0.6 — 43.5 Insurance recoveries received for property damage incurred from natural disaster — 11.6 — — 11.6 Purchases of short-term investments — — (2.4 ) — (2.4 ) Net cash used in investing activities — (16.3 ) (6.8 ) — (23.1 ) Cash flows from financing activities: Short-term debt payments — — (5.3 ) — (5.3 ) Short-term debt proceeds — — 5.3 — 5.3 Asset securitization borrowings — — 155.5 — 155.5 Asset securitization payments — — (58.0 ) — (58.0 ) Long-term debt payments (30.0 ) (3.0 ) (2.0 ) — (35.0 ) Borrowings from credit facility 1,938.5 — — — 1,938.5 Payments on credit facility (1,608.5 ) — — — (1,608.5 ) Proceeds from employee stock purchases 2.5 — — — 2.5 Repurchases of common stock (400.0 ) — — — (400.0 ) Repurchases of common stock to satisfy employee withholding tax obligations (16.9 ) — — — (16.9 ) Intercompany financing activity 173.9 (188.2 ) 14.3 — — Cash dividends paid (80.9 ) — — — (80.9 ) Net cash (used in) provided by financing activities (21.4 ) (191.2 ) 109.8 — (102.8 ) (Decrease) increase in cash and cash equivalents (0.4 ) 10.2 (11.2 ) — (1.4 ) Effect of exchange rates on cash and cash equivalents — 0.4 0.8 — 1.2 Cash and cash equivalents, beginning of period 1.8 15.4 29.1 — 46.3 Cash and cash equivalents, end of period $ 1.4 $ 26.0 $ 18.7 $ — $ 46.1 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2018 (Unaudited) (Amounts in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities $ 57.2 $ 362.5 $ (188.4 ) $ — $ 231.3 Cash flows from investing activities: Proceeds from the disposal of property, plant and equipment — — 0.1 — 0.1 Purchases of property, plant and equipment — (46.1 ) (14.8 ) — (60.9 ) Net proceeds from sale of businesses and related property — 4.0 111.9 — 115.9 Insurance recoveries received for property damage incurred from natural disaster — 4.2 — — 4.2 Net cash (used in) provided by investing activities — (37.9 ) 97.2 — 59.3 Cash flows from financing activities: Short-term debt payments — — (41.1 ) — (41.1 ) Short-term debt proceeds — — 39.6 — 39.6 Asset securitization borrowings — — 155.0 — 155.0 Asset securitization payments — — (53.7 ) — (53.7 ) Long-term debt payments (30.0 ) (2.8 ) (0.1 ) — (32.9 ) Long-term borrowings — — — — — Borrowings from credit facility 1,820.0 — — — 1,820.0 Payments on credit facility (1,766.5 ) — — — (1,766.5 ) Proceeds from employee stock purchases 2.5 — — — 2.5 Repurchases of common stock (350.2 ) — — — (350.2 ) Repurchases of common stock to satisfy employee withholding tax obligations (21.1 ) — — — (21.1 ) Intercompany financing activity 356.1 (323.0 ) (33.1 ) — — Cash dividends paid (68.2 ) — — — (68.2 ) Net cash (used in) provided by financing activities (57.4 ) (325.8 ) 66.6 — (316.6 ) Decrease in cash and cash equivalents (0.2 ) (1.2 ) (24.6 ) — (26.0 ) Effect of exchange rates on cash and cash equivalents — (2.8 ) 6.7 — 3.9 Cash and cash equivalents, beginning of period 1.6 28.0 38.6 — 68.2 Cash and cash equivalents, end of period $ 1.4 $ 24.0 $ 20.7 $ — $ 46.1

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event: On October 15, 2019, we entered into an agreement with Pacific Life Insurance Company to purchase a group annuity contract and transfer $75.0 million of our pension plan assets and $77.9 million of related benefit obligations. This transaction requires a remeasurement of the pension plan and we expect to recognize a $38.5 million non-cash pension settlement pre-tax loss in the fourth quarter of 2019 for this remeasurement.

General (Policies)

General (Policies)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Consolidated Balance Sheet as of September 30, 2019 , the accompanying unaudited Consolidated Statements of Operations for the three and nine months ended September 30, 2019 and 2018 , the accompanying unaudited Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2019 and 2018 , the accompanying unaudited Consolidated Statements of Stockholders' (Deficit) Equity for the three and nine months ended September 30, 2019 and 2018 , and the accompanying unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 and 2018 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, 2018 . 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, self-insurance and warranty reserves, and stock-based compensation, among others. These estimates and assumptions are based on our best estimates and judgment.
Reclassifications
Recent Accounting Pronouncements	In August 2018, the SEC issued Release No. 33-10532 that amends and clarifies certain financial reporting requirements. The principal change to our financial reporting is the inclusion of the annual disclosure requirement of changes in stockholders’ equity in Rule 3-04 of Regulation S-X to interim periods. We adopted other new accounting standards during the first quarter of 2019 and their impacts are discussed in their respective Notes to the Consolidated Financial Statements.
Leases	Leases On February 25, 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842). We adopted ASC 842 on January 1, 2019, using the effective date method, with the cumulative-effect adjustment to the opening balance sheet of retained earnings as of the effective date. The financial results reported in periods prior to January 1, 2019 are unchanged. Upon adoption, we recognized almost all of our leases greater than one year in duration on the balance sheet as right-of-use assets and lease liabilities. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification is based on criteria that are largely similar to those applied in current lease accounting standard, but without explicit bright lines. We have made certain assumptions in judgments when applying ASC 842. Those judgments of most significance are as follows: • We elected the package of practical expedients available for transition which allow us to not reassess: ◦ Whether expired or existing contracts contain leases under the new definition of a lease; ◦ Lease classification for expired or existing leases; and ◦ Whether previously capitalized initial direct costs would qualify for capitalization under ASC 842. • We did not elect to use hindsight for transition when considering judgments and estimates such as assessments of lessee options to extend or terminate a lease or purchase the underlying asset. • We did not elect to reassess whether land easements meet the definition of a lease if they were not accounted for as leases under the former rules. • For all asset classes, we elected to not recognize a right-of-use asset and lease liability for leases with a term of 12 months or less. • For all asset classes, we elected to not separate non-lease components from lease components to which they relate and have accounted for the combined lease and non-lease components as a single lease component. We determine if an arrangement is a lease at inception. Operating leases are included in our Consolidated Balance Sheet as Right-of-use assets from operating leases, Current operating lease liabilities and Long-term operating lease liabilities. Finance leases are included in Property, plant and equipment, Current maturities of long-term debt and Long-term debt in our Consolidated Balance Sheet. Many of our lease agreements contain renewal options; however, we do not recognize right-of-use assets or lease liabilities for renewal periods unless it is determined that we are reasonably certain of renewing the lease at inception or when a triggering event occurs. Some of our lease agreements contain rent escalation clauses (including index-based escalations), rent holidays, capital improvement funding or other lease concessions. We recognize our minimum rental expense on a straight-line basis based on the fixed components of a lease arrangement. We amortize this expense over the term of the lease beginning with the date of initial possession, which is the date we enter the leased space and begin to make improvements in preparation for its intended use. Variable lease components represent amounts that are not fixed in nature and are not tied to an index or rate, and are recognized as incurred. Under certain of our third-party service agreements, we control a specific space or underlying asset used in providing the service by the third-party service provider. These arrangements meet the definition under ASC 842 and therefore are accounted for under ASC 842. In determining our right-of-use assets and lease liabilities, we apply a discount rate to the minimum lease payments within each lease agreement. ASC 842 requires us to use the rate of interest that a lessee would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. When we cannot readily determine the discount rate implicit in the lease agreement, we utilize our incremental borrowing rate. To estimate our specific incremental borrowing rates over various tenors (ranging from 1-year through 30-years), a comparable market yield curve consistent with our credit quality was calibrated to our publicly outstanding debt instruments. We lease certain real and personal property under non-cancelable operating leases. Approximately 73% of our right-of-use assets and lease liabilities relate to our leases of real estate with the remaining amounts relating to our leases of IT equipment, fleet vehicles and manufacturing and distribution equipment.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]
Revenue from External Customers by Geographic Areas [Table Text Block]	The following table disaggregates our revenue by business segment by geography which provides information as to the major source of revenue. See Note 16 for additional information on our reportable business segments and the products and services sold in each segment. For the Three Months Ended September 30, 2019 Primary Geographic Markets Residential Heating & Cooling Commercial Heating & Cooling Refrigeration Consolidated United States $ 597.3 $ 227.0 $ 82.5 $ 906.8 Canada 40.3 26.0 — 66.3 International — 0.3 59.5 59.8 Total $ 637.6 $ 253.3 $ 142.0 $ 1,032.9 For the Three Months Ended September 30, 2018 Primary Geographic Markets Residential Heating & Cooling Commercial Heating & Cooling Refrigeration Consolidated United States $ 553.8 $ 212.4 $ 114.0 $ 880.2 Canada 40.9 24.3 2.1 67.3 International — 0.2 82.5 82.7 Total $ 594.7 $ 236.9 $ 198.6 $ 1,030.2 For the Nine Months Ended September 30, 2019 Primary Geographic Markets Residential Heating & Cooling Commercial Heating & Cooling Refrigeration Consolidated United States $ 1,677.6 $ 623.3 $ 254.1 $ 2,555.0 Canada 114.6 63.8 0.7 179.1 International — 0.8 187.3 188.1 Total $ 1,792.2 $ 687.9 $ 442.1 $ 2,922.2 For the Nine Months Ended September 30, 2018 Primary Geographic Markets Residential Heating & Cooling Commercial Heating & Cooling Refrigeration Consolidated United States $ 1,640.9 $ 604.5 $ 322.4 $ 2,567.8 Canada 123.5 62.7 4.1 190.3 International — 0.9 281.4 282.3 Total $ 1,764.4 $ 668.1 $ 607.9 $ 3,040.4
Contract with Customer, Asset and Liability [Table Text Block]	Net contract assets (liabilities) consisted of the following: September 30, 2019 December 31, 2018 $ Change % Change Contract assets $ — $ 2.5 $ (2.5 ) (100.0 )% Contract liabilities - current (8.4 ) (13.0 ) 4.6 (35.4 )% Contract liabilities - noncurrent (5.9 ) (5.9 ) — — % Total $ (14.3 ) $ (16.4 ) $ 2.1

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Components of inventories	The components of inventories are as follows (in millions): As of September 30, 2019 As of December 31, 2018 Finished goods $ 404.2 $ 330.5 Work in process 7.2 10.0 Raw materials and parts 233.5 229.1 Subtotal 644.9 569.6 Excess of current cost over last-in, first-out cost (59.6 ) (59.8 ) Total inventories, net $ 585.3 $ 509.8

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
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 2019, in total and by segment, are summarized in the table below (in millions): Balance at December 31, 2018 Goodwill Reallocation (1) Changes in foreign currency translation rates Balance at September 30, 2019 Residential Heating & Cooling $ 26.1 $ — $ — $ 26.1 Commercial Heating & Cooling 61.4 (0.3 ) — 61.1 Refrigeration 99.1 0.3 (0.2 ) 99.2 Total Goodwill $ 186.6 $ — $ (0.2 ) $ 186.4

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 As of December 31, 2018 Unrealized losses on unsettled contracts $ 3.8 $ 8.4 Income tax benefit (0.9 ) (2.2 ) Losses (gains) included in AOCL, net of tax (1) $ 2.9 $ 6.2 (1) Assuming commodity and foreign currency prices remain constant, we expect to reclassify $2.8 million of derivative losses into earnings within the next 12 months.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense were as follows (in millions): For the Three Months Ended September 30, 2019 For the Nine Months Ended September 30, 2019 Finance lease cost: Amortization of right-of-use assets $ 1.9 $ 5.2 Interest on lease liabilities 0.2 0.5 Operating lease cost 14.7 44.0 Short-term lease cost 1.1 3.4 Variable lease cost 5.0 15.1 Total lease cost $ 22.9 $ 68.2 Other information Cash paid for amounts included in the measurement lease liabilities: Operating cash flows from operating leases $ 15.0 $ 42.4 Financing cash flows from finance leases $ 2.0 $ 5.8 Right-of-use assets obtained in exchange for new finance lease liabilities $ 2.5 $ 8.5 Right-of-use assets obtained in exchange for new operating lease liabilities $ 10.3 $ 31.9 As of September 30, 2019 Finance lease right-of-use assets $ 24.4 Operating lease right-of-use assets $ 172.9 Finance lease liability, current $ 6.9 Finance lease liability, non-current $ 23.7 Operating lease liability, current $ 51.6 Operating lease liability, non-current $ 123.0 Weighted-average remaining lease term - finance leases 5.2 years Weighted-average remaining lease term - operating leases 4.2 years Weighted-average discount rate - finance leases 2.10 % Weighted-average discount rate – operating leases 3.81 %
Contractual Obligation, Fiscal Year Maturity [Table Text Block]	The Company adopted ASU 2016-02 on January 1, 2019 as noted above, and as required, the following disclosure is provided for periods prior to adoption. Future annual minimum lease payments and capital lease commitments as of December 31, 2018 were as follows (in millions): Operating Leases Capital Leases 2019 $ 47.4 $ 6.6 2020 38.4 5.4 2021 27.2 3.8 2022 17.9 2.1 2023 12.7 0.9 Thereafter 16.1 12.8 Total minimum lease payments $ 159.7 $ 31.6 Less amount representing interest (2.1 ) Present value of minimum payments $ 29.5 Future annual minimum lease payments and finance lease commitments as of September 30, 2019 were as follows (in millions): Operating Leases Finance Leases 2019 (excluding the nine months ended September 30, 2019) $ 14.9 $ 2.0 2020 55.3 7.1 2021 42.9 5.5 2022 30.3 3.6 2023 23.3 1.6 2024 and thereafter 22.5 11.9 Total minimum lease payments $ 189.2 $ 31.7 Less imputed interest (14.6 ) (1.1 ) Lease liability $ 174.6 $ 30.6
Summary of changes in the total warranty liabilities	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, 2019 As of December 31, 2018 Accrued expenses $ 38.2 $ 37.9 Other liabilities 75.8 73.7 Total warranty liability $ 114.0 $ 111.6 The changes in product warranty liabilities related to continuing operations for the nine months ended September 30, 2019 were as follows (in millions): Total warranty liability as of December 31, 2018 $ 111.6 Warranty claims paid (28.2 ) Changes resulting from issuance of new warranties 36.0 Changes in estimates associated with pre-existing liabilities (4.8 ) Changes in foreign currency translation rates and other (0.2 ) Warranty liability from divestitures (0.4 ) Total warranty liability as of September 30, 2019 $ 114.0
Schedule of unusual or infrequent items, or both	The following table summarizes the Gain from insurance recoveries, net of losses incurred: (Amounts in millions) For the Three months Ended September 30, For the Nine months Ended September 30, 2019 2018 2019 2018 Insurance recoveries received $ 10.0 $ 45.0 $ 138.0 $ 45.0 Insurance recoveries receivable — 4.1 — 4.1 Less losses and expenses incurred: Site clean-up and remediation (3.5 ) 28.4 19.8 28.4 Factory inefficiencies due to lower productivity 0.8 4.9 9.3 4.9 Write-off of property, plant and equipment — 4.2 — 4.2 Write-off of inventory — 5.2 — 5.2 Other 5.6 6.7 23.5 6.7 Total losses and expenses $ 2.9 $ 49.4 $ 52.6 $ 49.4 Total gain (loss) from insurance recoveries $ 7.1 $ (0.3 ) $ 85.4 $ (0.3 ) Components of (Gain) loss from insurance recoveries, net of losses incurred: Insurance proceeds for lost profits (8.3 ) 0.3 (73.8 ) 0.3 (Gain) loss from insurance recoveries, net of losses incurred 1.2 — (11.6 ) —

Lines of Credit and Financing_2

Lines of Credit and Financing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 As of December 31, 2018 Current maturities of long-term debt: Asset Securitization Program $ 365.5 $ 268.0 Finance lease obligations 6.9 3.5 Domestic credit facility 22.5 30.0 Debt issuance costs (0.6 ) (0.7 ) Total current maturities of long-term debt $ 394.3 $ 300.8 Long-Term Debt: Finance lease obligations 23.7 15.7 Domestic credit facility 685.5 378.0 Senior unsecured notes 350.0 350.0 Debt issuance costs (2.4 ) (3.2 ) Total long-term debt $ 1,056.8 $ 740.5 Total debt $ 1,451.1 $ 1,041.3
Eligible amounts available and beneficial interests sold	The eligible amounts available and beneficial interests sold were as follows (in millions): As of September 30, 2019 As of December 31, 2018 Eligible amount available under the ASP on qualified accounts receivable $ 380.0 $ 290.0 Less: Beneficial interest transferred (365.5 ) (268.0 ) Remaining amount available $ 14.5 $ 22.0
Summary of weighted average borrowing rate facility	Our weighted average borrowing rate on the facility was as follows: As of September 30, 2019 As of December 31, 2018 Weighted average borrowing rate 3.31 % 3.74 %
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 B_2

Pension and Post-Retirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Components of net periodic benefit cost	The components of net periodic benefit cost for pensions benefits were as follows (in millions): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2018 2019 2018 Service cost $ 1.2 $ 1.3 $ 3.6 $ 4.0 Interest cost 2.7 3.1 8.1 9.3 Expected return on plan assets (3.6 ) (4.7 ) (10.8 ) (14.1 ) Amortization of prior service cost 0.1 0.1 0.1 0.1 Recognized actuarial loss 1.4 2.3 4.3 6.9 Other — 0.3 — 0.3 Settlements and curtailments — — 60.6 — Net periodic benefit cost $ 1.8 $ 2.4 $ 65.9 $ 6.5

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [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, 2019 2018 2019 2018 Stock-based compensation expense (1) $ 4.2 $ 7.4 $ 15.6 $ 21.0 (1) All expense was recorded in our Corporate and Other business segment.

Comprehensive Income (Tables)

Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2019
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 2019 2018 2019 2018 Gains/(Losses) on cash flow hedges: Commodity futures contracts/foreign exchange forward contracts $ (2.5 ) $ 0.3 $ (6.9 ) $ 7.3 Cost of goods sold Income tax benefit (expense) 0.5 (0.1 ) 1.6 (1.7 ) Provision for income taxes Net of tax $ (2.0 ) $ 0.2 $ (5.3 ) $ 5.6 Defined Benefit Plan items: Pension and post-retirement benefit costs $ (1.5 ) $ (2.4 ) $ (4.4 ) $ (7.0 ) Cost of goods sold; Selling, general and administrative expenses Pension settlement — — (60.6 ) — Pension settlement Income tax benefit 0.4 0.6 16.2 1.7 Provision for income taxes Net of tax $ (1.1 ) $ (1.8 ) $ (48.8 ) $ (5.3 ) Foreign Currency Translation Adjustments: Foreign currency adjustments on sale of businesses $ — $ (5.0 ) $ (2.1 ) $ (27.9 ) Loss (gain), net on sale of businesses and related property Net of tax $ — $ (5.0 ) $ (2.1 ) $ (27.9 ) Total reclassifications from AOCL $ (3.1 ) $ (6.6 ) $ (56.2 ) $ (27.6 )
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, 2019 (in millions): Gains (Losses) on Cash Flow Hedges Defined Benefit Pension Plan Items Foreign Currency Translation Adjustments Total AOCL Balance as of December 31, 2018 $ (6.2 ) $ (154.5 ) $ (28.1 ) $ (188.8 ) Other comprehensive income (loss) before reclassifications (2.0 ) 9.8 (2.4 ) 5.4 Amounts reclassified from AOCL 5.3 48.8 2.1 56.2 Net other comprehensive (loss) income 3.3 58.6 (0.3 ) 61.6 Balance as of Septemer 30, 2019 $ (2.9 ) $ (95.9 ) $ (28.4 ) $ (127.2 )

Divestitures (Tables)

Divestitures (Tables)	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the net loss recognized in connection with this divestiture: (Amounts in millions) For the Year Ended December 31, 2018 Cash received from the buyer $ 82.9 Net assets sold (1) (87.2 ) AOCI reclassification adjustments, primarily foreign currency translation (3.2 ) Direct costs to sell (5.8 ) Loss on sale of business $ (13.3 ) (1) Includes $10.3 million of net assets that were written down during the quarter ended March 31, 2018 based on the expected proceeds from the sale, net of selling costs for the sale for our Australia, New Zealand and Asia business. (Amounts in millions) For the Year Ended December 31, 2018 Cash received from the buyer $ 4.2 Net assets sold (2) (14.1 ) AOCI reclassification adjustments, primarily foreign currency translation (24.7 ) Direct costs to sell (2.9 ) Loss on sale of business $ (37.5 ) (2) Includes $1.2 million of net assets that were written down during the quarter ended June 30, 2018 based on the expected proceeds from the sale, net of selling costs for the sale for our South America business. (Amounts in millions) For the Nine Months Ended September 30, 2019 Cash received from the buyer $ 49.0 Net assets sold (50.5 ) AOCI reclassification adjustments, primarily foreign currency translation (2.1 ) Direct costs to sell (5.5 ) Loss on sale of business $ (9.1 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 2018 2019 2018 Net income $ 114.7 $ 108.0 $ 294.7 $ 283.4 Add: Loss from discontinued operations — — 0.3 1.7 Income from continuing operations $ 114.7 $ 108.0 $ 295.0 $ 285.1 Weighted-average shares outstanding – basic 38.6 40.3 39.1 40.8 Add: Potential effect of dilutive securities attributable to stock-based payments 0.4 0.4 0.4 0.5 Weighted-average shares outstanding – diluted 39.0 40.7 39.5 41.3 Earnings per share – Basic: Income from continuing operations $ 2.97 $ 2.68 $ 7.54 $ 6.98 Loss from discontinued operations — — (0.01 ) (0.04 ) Net income $ 2.97 $ 2.68 $ 7.53 $ 6.94 Earnings per share – Diluted: Income from continuing operations $ 2.94 $ 2.65 $ 7.46 $ 6.90 Loss from discontinued operations — — — (0.04 ) Net income $ 2.94 $ 2.65 $ 7.46 $ 6.86
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, 2019 2018 2019 2018 Weighted-average number of shares — 0.2 — 0.2 Price per share $ — $ 205.53 $ — $ 205.53

Reportable Business Segments (T

Reportable Business Segments (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting, Measurement Disclosures [Abstract]
Summary of segment description	As of September 30, 2019 As of December 31, 2018 Total Assets: Residential Heating & Cooling $ 1,165.3 $ 837.4 Commercial Heating & Cooling 423.4 349.5 Refrigeration 415.7 462.9 Corporate and other 210.4 167.4 Total assets $ 2,214.8 $ 1,817.2 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 Central America South 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 (1) Asia Pacific (2) South America (2) Central America (1) Effective January 1, 2019, we realigned our segment structure. We shifted financial reporting of the European Commercial HVAC business from our Commercial Heating & Cooling segment to our Refrigeration segment as we manage both our commercial HVAC and refrigeration operations in Europe together. We have revised our historical segment results to present them on a comparable basis. (2) Our businesses in the Asia Pacific and South America area were sold in the second and third quarters of 2018, respectively. Refer to Note 14 for details regarding the divestiture of these businesses.
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, 2019 2018 2019 2018 Net sales Residential Heating & Cooling $ 637.6 $ 594.7 $ 1,792.2 $ 1,764.4 Commercial Heating & Cooling 253.3 236.9 687.9 668.1 Refrigeration 142.0 198.6 442.1 607.9 $ 1,032.9 $ 1,030.2 $ 2,922.2 $ 3,040.4 Segment profit (loss) (1) Residential Heating & Cooling $ 126.5 $ 113.0 $ 366.6 $ 317.9 Commercial Heating & Cooling 47.1 44.8 116.0 117.6 Refrigeration 19.8 24.9 47.3 57.1 Corporate and other (18.1 ) (28.1 ) (54.3 ) (61.8 ) Total segment profit 175.3 154.6 475.6 430.8 Reconciliation to Operating income: Special inventory write down — — — 0.2 Special product quality adjustment (0.5 ) — (1.0 ) — Loss (gain), net on sale of businesses and related property 0.2 6.2 9.1 25.8 Loss (gain) from insurance recoveries, net of losses incurred 1.2 0.3 (11.6 ) 0.3 Prior quarter partial advance of insurance recoveries related to lost profits 8.0 — — — Items in losses (gains) and other expenses, net that are excluded from segment profit (loss) (1) 3.5 2.4 7.3 9.3 Restructuring charges 6.1 0.5 6.5 1.9 Operating income $ 156.8 $ 145.2 $ 465.3 $ 393.3 (1) We define segment profit (loss) as a segment's operating income included in the accompanying Consolidated Statements of Operations, excluding:

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Other fair value measurements	The following table presents their fair value (in millions): As of September 30, 2019 As of December 31, 2018 Senior unsecured notes $ 357.1 $ 338.4

Condensed Consolidating Finan_2

Condensed Consolidating Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Balance Sheets	Lennox International Inc. and Subsidiaries Condensed Consolidating Balance Sheets As of September 30, 2019 (Unaudited) (Amounts in millions) Parent Guarantor Non-Guarantor Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ 1.4 $ 26.0 $ 18.7 $ — $ 46.1 Short-term investments — — 2.4 — $ 2.4 Accounts and notes receivable, net — 72.0 550.2 — 622.2 Inventories, net — 509.2 78.3 (2.2 ) 585.3 Other assets 3.4 42.8 49.4 (34.3 ) 61.3 Total current assets 4.8 650.0 699.0 (36.5 ) 1,317.3 Property, plant and equipment, net — 365.4 53.4 — 418.8 Right-of-use assets from operating leases — 149.0 23.9 — 172.9 Goodwill — 166.1 20.3 — 186.4 Investment in subsidiaries 1,651.7 422.1 50.2 (2,124.0 ) — Deferred income taxes (12.2 ) 49.5 22.5 (12.2 ) 47.6 Other assets, net 1.4 54.6 1.6 14.2 71.8 Intercompany (payables) receivables, net (872.4 ) 857.5 134.8 (119.9 ) — Total assets $ 773.3 $ 2,714.2 $ 1,005.7 $ (2,278.4 ) $ 2,214.8 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Current maturities of long-term debt 21.9 5.8 366.6 — 394.3 Current operating lease liabilities — 44.4 7.2 — 51.6 Accounts payable 29.7 317.6 45.7 — 393.0 Accrued expenses 11.2 219.1 40.7 — 271.0 Income taxes (receivable) payable (45.7 ) 52.3 44.2 (50.8 ) — Total current liabilities 17.1 639.2 504.4 (50.8 ) 1,109.9 Long-term debt 1,033.2 21.7 1.9 — 1,056.8 Long-term operating lease liabilities — 106.1 16.9 — 123.0 Pensions — 64.9 7.6 — 72.5 Other liabilities 0.3 122.7 6.9 — 129.9 Total liabilities 1,050.6 954.6 537.7 (50.8 ) 2,492.1 Commitments and contingencies Total stockholders' (deficit) equity (277.3 ) 1,759.6 468.0 (2,227.6 ) (277.3 ) Total liabilities and stockholders' (deficit) equity $ 773.3 $ 2,714.2 $ 1,005.7 $ (2,278.4 ) $ 2,214.8 Lennox International Inc. and Subsidiaries Condensed Consolidating Balance Sheets As of December 31, 2018 (Amounts in millions) Parent Guarantor Non- Eliminations Consolidated ASSETS Current Assets: Cash and cash equivalents $ 1.8 $ 15.4 $ 29.1 $ — $ 46.3 Accounts and notes receivable, net — 44.3 428.4 — 472.7 Inventories, net — 411.4 103.9 (5.5 ) 509.8 Other assets 3.3 36.2 54.7 (33.6 ) 60.6 Total current assets 5.1 507.3 616.1 (39.1 ) 1,089.4 Property, plant and equipment, net — 293.3 118.6 (3.6 ) 408.3 Goodwill — 166.1 20.5 — 186.6 Investment in subsidiaries 1,311.9 357.8 (0.5 ) (1,669.2 ) — Deferred income taxes 1.4 54.4 23.4 (12.2 ) 67.0 Other assets, net 1.5 48.1 17.8 (1.5 ) 65.9 Intercompany (payables) receivables, net (715.5 ) 675.8 142.6 (102.9 ) — Total assets $ 604.4 $ 2,102.8 $ 938.5 $ (1,828.5 ) $ 1,817.2 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Current maturities of long-term debt 29.4 2.8 268.6 — 300.8 Accounts payable 25.5 295.7 112.1 — 433.3 Accrued expenses 12.1 213.8 46.4 — 272.3 Income taxes (receivable) payable (38.5 ) 40.6 50.8 (50.8 ) 2.1 Total current liabilities 28.5 552.9 477.9 (50.8 ) 1,008.5 Long-term debt 724.9 15.0 0.6 — 740.5 Pensions — 75.1 7.7 — 82.8 Other liabilities 0.6 126.4 8.0 — 135.0 Total liabilities 754.0 769.4 494.2 (50.8 ) 1,966.8 Commitments and contingencies Total stockholders' (deficit) equity (149.6 ) 1,333.4 444.3 (1,777.7 ) (149.6 ) Total liabilities and stockholders' (deficit) equity $ 604.4 $ 2,102.8 $ 938.5 $ (1,828.5 ) $ 1,817.2
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, 2019 (Unaudited) (Amounts in millions) Parent Guarantor Non-Guarantor Eliminations Consolidated Net sales $ — $ 950.0 $ 139.5 $ (56.6 ) $ 1,032.9 Cost of goods sold — 681.2 109.8 (56.4 ) 734.6 Gross profit — 268.8 29.7 (0.2 ) 298.3 Operating expenses: Selling, general and administrative expenses — 139.9 3.5 — 143.4 Losses (gains) and other expenses, net 0.2 1.5 0.6 (0.1 ) 2.2 Restructuring charges — 6.0 0.1 — 6.1 Loss on sale of business — 0.2 — — 0.2 Gain from insurance recoveries, net of losses incurred — (7.1 ) — — (7.1 ) Income from equity method investments (116.4 ) (20.1 ) (2.3 ) 135.5 (3.3 ) Operating income 116.2 148.4 27.8 (135.6 ) 156.8 Interest expense, net 2.1 7.7 2.7 — 12.5 Other expense (income), net — 0.5 0.1 — 0.6 Income from continuing operations before income taxes 114.1 140.2 25.0 (135.6 ) 143.7 Provision for income tax (benefit) expense (0.6 ) 23.0 6.6 — 29.0 Income from continuing operations 114.7 117.2 18.4 (135.6 ) 114.7 Net income (loss) $ 114.7 $ 117.2 $ 18.4 $ (135.6 ) $ 114.7 Other comprehensive (loss) income, net of tax (0.3 ) 7.7 (5.0 ) — 2.4 Comprehensive income $ 114.4 $ 124.9 $ 13.4 $ (135.6 ) $ 117.1
Condensed Consolidating Statements of Cash Flows	Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2019 (Unaudited) (Amounts in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities $ 21.0 $ 217.7 $ (114.2 ) $ — $ 124.5 Cash flows from investing activities: Proceeds from the disposal of property, plant and equipment — 0.8 0.4 — 1.2 Purchases of property, plant and equipment — (71.6 ) (5.4 ) — (77.0 ) Net proceeds from sale of business — 42.9 0.6 — 43.5 Insurance recoveries received for property damage incurred from natural disaster — 11.6 — — 11.6 Purchases of short-term investments — — (2.4 ) — (2.4 ) Net cash used in investing activities — (16.3 ) (6.8 ) — (23.1 ) Cash flows from financing activities: Short-term debt payments — — (5.3 ) — (5.3 ) Short-term debt proceeds — — 5.3 — 5.3 Asset securitization borrowings — — 155.5 — 155.5 Asset securitization payments — — (58.0 ) — (58.0 ) Long-term debt payments (30.0 ) (3.0 ) (2.0 ) — (35.0 ) Borrowings from credit facility 1,938.5 — — — 1,938.5 Payments on credit facility (1,608.5 ) — — — (1,608.5 ) Proceeds from employee stock purchases 2.5 — — — 2.5 Repurchases of common stock (400.0 ) — — — (400.0 ) Repurchases of common stock to satisfy employee withholding tax obligations (16.9 ) — — — (16.9 ) Intercompany financing activity 173.9 (188.2 ) 14.3 — — Cash dividends paid (80.9 ) — — — (80.9 ) Net cash (used in) provided by financing activities (21.4 ) (191.2 ) 109.8 — (102.8 ) (Decrease) increase in cash and cash equivalents (0.4 ) 10.2 (11.2 ) — (1.4 ) Effect of exchange rates on cash and cash equivalents — 0.4 0.8 — 1.2 Cash and cash equivalents, beginning of period 1.8 15.4 29.1 — 46.3 Cash and cash equivalents, end of period $ 1.4 $ 26.0 $ 18.7 $ — $ 46.1 Lennox International Inc. and Subsidiaries Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2018 (Unaudited) (Amounts in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities $ 57.2 $ 362.5 $ (188.4 ) $ — $ 231.3 Cash flows from investing activities: Proceeds from the disposal of property, plant and equipment — — 0.1 — 0.1 Purchases of property, plant and equipment — (46.1 ) (14.8 ) — (60.9 ) Net proceeds from sale of businesses and related property — 4.0 111.9 — 115.9 Insurance recoveries received for property damage incurred from natural disaster — 4.2 — — 4.2 Net cash (used in) provided by investing activities — (37.9 ) 97.2 — 59.3 Cash flows from financing activities: Short-term debt payments — — (41.1 ) — (41.1 ) Short-term debt proceeds — — 39.6 — 39.6 Asset securitization borrowings — — 155.0 — 155.0 Asset securitization payments — — (53.7 ) — (53.7 ) Long-term debt payments (30.0 ) (2.8 ) (0.1 ) — (32.9 ) Long-term borrowings — — — — — Borrowings from credit facility 1,820.0 — — — 1,820.0 Payments on credit facility (1,766.5 ) — — — (1,766.5 ) Proceeds from employee stock purchases 2.5 — — — 2.5 Repurchases of common stock (350.2 ) — — — (350.2 ) Repurchases of common stock to satisfy employee withholding tax obligations (21.1 ) — — — (21.1 ) Intercompany financing activity 356.1 (323.0 ) (33.1 ) — — Cash dividends paid (68.2 ) — — — (68.2 ) Net cash (used in) provided by financing activities (57.4 ) (325.8 ) 66.6 — (316.6 ) Decrease in cash and cash equivalents (0.2 ) (1.2 ) (24.6 ) — (26.0 ) Effect of exchange rates on cash and cash equivalents — (2.8 ) 6.7 — 3.9 Cash and cash equivalents, beginning of period 1.6 28.0 38.6 — 68.2 Cash and cash equivalents, end of period $ 1.4 $ 24.0 $ 20.7 $ — $ 46.1

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 200,000	$ 1,300,000	$ 2,800,000	$ 4,200,000
Capitalized Contract Cost, Impairment Loss			0
Residential Heating and Cooling [Member] | Sales Channel, Directly to Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0.74	0.77	0.74	0.76
Commercial Heating and Cooling [Member] | Equipment Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 0.86	$ 0.86	$ 0.86	$ 0.86

Revenue Recognition (Revenue by

Revenue Recognition (Revenue by Business Segment by Geography) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 200,000	$ 1,300,000	$ 2,800,000	$ 4,200,000
Revenue, Net	1,032,900,000	1,030,200,000	2,922,200,000	3,040,400,000
Residential Heating and Cooling [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	637,600,000	594,700,000	1,792,200,000	1,764,400,000
Commercial Heating and Cooling [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	253,300,000	236,900,000	687,900,000	668,100,000
Refrigeration [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	142,000,000	198,600,000	442,100,000	607,900,000
Equipment Sales [Member] | Commercial Heating and Cooling [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0.86	0.86	0.86	0.86
International [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	59,800,000	82,700,000	188,100,000	282,300,000
International [Member] | Residential Heating and Cooling [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	0	0	0	0
International [Member] | Commercial Heating and Cooling [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	300,000	200,000	800,000	900,000
International [Member] | Refrigeration [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	59,500,000	82,500,000	187,300,000	281,400,000
CANADA
Disaggregation of Revenue [Line Items]
Revenue, Net	66,300,000	67,300,000	179,100,000	190,300,000
CANADA | Residential Heating and Cooling [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	40,300,000	40,900,000	114,600,000	123,500,000
CANADA | Commercial Heating and Cooling [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	26,000,000	24,300,000	63,800,000	62,700,000
CANADA | Refrigeration [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	0	2,100,000	700,000	4,100,000
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue, Net	906,800,000	880,200,000	2,555,000,000	2,567,800,000
UNITED STATES | Residential Heating and Cooling [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	597,300,000	553,800,000	1,677,600,000	1,640,900,000
UNITED STATES | Commercial Heating and Cooling [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	227,000,000	212,400,000	623,300,000	604,500,000
UNITED STATES | Refrigeration [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net	$ 82,500,000	$ 114,000,000	$ 254,100,000	$ 322,400,000

Revenue Recognition (Net Contra

Revenue Recognition (Net Contract Assets (Liabilities)) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenue Recognition and Deferred Revenue [Abstract]
Contract with Customer, Liability, Revenue Recognized	$ 0.2	$ 1.3	$ 2.8	$ 4.2
Contract with Customer, Asset, after Allowance for Credit Loss	0		0		$ 2.5
Contract with Customer, Asset, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress			$ (2.5)
Contract with Customer, Asset, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress, Percent			(100.00%)
Contract with Customer, Liability, Current	(8.4)		$ (8.4)		(13)
Contract with Customer, Liability, Current, Net, Change in Timeframe, Performance Obligation Satisfied Revenue Recognized			$ 4.6
Contract with Customer, Liability, Current, Net, Change in Timeframe, Performance Obligation Satisfied Revenue Recognized, Percent			(35.40%)
Contract with Customer, Liability, Noncurrent	(5.9)		$ (5.9)		(5.9)
Contract with Customer, Liability, Noncurrent, Net, Change in Timeframe, Performance Obligation Satisfied Revenue Recognized			$ 0
Contract with Customer, Liability, Noncurrent, Net, Change in Timeframe, Performance Obligation Satisfied Revenue Recognized, Percent			0.00%
Contract with Customer, Asset (Liability), Net	$ (14.3)		$ (14.3)		$ (16.4)
Contract with Customer, Asset (Liability), Change in Timeframe, Performance Obligation Satisfied Revenue Recognized			$ 2.1

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Components of inventories
Finished goods	$ 404.2	$ 330.5
Work in process	7.2	10
Raw materials and parts	233.5	229.1
Subtotal	644.9	569.6
Excess of current cost over last-in, first-out cost	(59.6)	(59.8)
Total inventories, net	$ 585.3	$ 509.8

Goodwill (Details)

Goodwill (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 186.6
Changes in foreign currency translation rates	(0.2)
Goodwill, Ending Balance	186.4
Goodwill, Transfers	0
Residential Heating & Cooling [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	26.1
Goodwill Reallocation (1)	0
Changes in foreign currency translation rates	0
Goodwill, Ending Balance	26.1
Commercial Heating & Cooling [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	61.4
Goodwill Reallocation (1)	(0.3)
Changes in foreign currency translation rates	0
Goodwill, Ending Balance	61.1
Refrigeration [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	99.1
Changes in foreign currency translation rates	(0.2)
Goodwill, Ending Balance	99.2
Goodwill, Transfers	$ 0.3

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, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized losses on unsettled contracts	$ 3.8	$ 8.4
Losses included in AOCL, net of tax	2.9	6.2
Accumulated Other Comprehensive Income (Loss) Cumulative, Changes In Net Gain (Loss) From Cash Flow Hedges Provision (Benefit) For Tax	(0.9)	$ (2.2)
Cash flow hedge derivative losses expected to be reclassified into earnings within the next 12 months	$ 2.8

Income Taxes (Details)

Income Taxes (Details)	Sep. 30, 2019USD ($)
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 2.7

Commitments and Contingencies_2

Commitments and Contingencies (Liabilities for Estimated Product Warranty Costs) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Total liabilities for estimated warranty
Accrued expenses	$ 38.2	$ 37.9
Other liabilities	75.8	73.7
Total warranty liability	$ 114	$ 111.6

Commitments and Contingencies_3

Commitments and Contingencies (Changes in Product Warranty Liabilities) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Loss Contingencies [Line Items]
Standard and Extended Product Warranty Accrual, Foreign Currency Translation Gain (Loss)	$ (0.2)
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Total warranty liability, beginning balance	(111.6)
Warranty claims paid	(28.2)
Changes resulting from issuance of new warranties	36
Warranty liability from divestitures	0.4
Total warranty liability, ending balance	(114)
Standard and Extended Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties	$ (4.8)

Commitments and Contingencies_4

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Mar. 01, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Loss Contingencies [Line Items]
Operating Lease Term	5 years
Expense for asbestos-related litigation		$ 1.5	$ 1.4	$ 3.3	$ 3.3

Commitments and Contingencies M

Commitments and Contingencies Marshalltown Tornado and Recovery (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Site clean-up and remediation	$ (3.5)	$ 28.4	$ 19.8	$ 28.4
Insurance recoveries received	10	45	138	45
Increase (Decrease) in Insurance Settlements Receivable	0	4.1		4.1
Factory inefficiencies	0.8	4.9	9.3	4.9
Write-off of property, plant and equipment	0	4.2	0	4.2
Write-off of inventory	0	5.2	0	5.2
Other	5.6	6.7	23.5	6.7
Total expense	2.9	49.4	52.6	49.4
Loss (gain) from natural disaster, net of Insurance recoveries	7.1	(0.3)	85.4	(0.3)
Insurance proceeds for lost profits	(8.3)	0.3	(73.8)	0.3
Net Loss(gain) from natural disaster	$ 1.2	$ 0	$ (11.6)	$ 0

Commitments and Contingencies L

Commitments and Contingencies Lease Contractual obligation (Details)	Mar. 01, 2019USD ($)ft²	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Leases [Abstract]
Operating Lease Term	5 years
Finance lease right-of-use assets		$ 24,400,000	$ 24,400,000
Finance Lease, Right-of-Use Asset, Amortization		1,900,000	5,200,000
Operating Leases, Future Minimum Payments Due, Next Twelve Months		14,900,000	14,900,000	$ 47,400,000
Capital Leases, Future Minimum Payments Due, Next Twelve Months		2,000,000	2,000,000	6,600,000
Operating Leases, Future Minimum Payments, Due in Two Years		55,300,000	55,300,000	38,400,000
Capital Leases, Future Minimum Payments Due in Two Years		7,100,000	7,100,000	5,400,000
Operating Leases, Future Minimum Payments, Due in Three Years		42,900,000	42,900,000	27,200,000
Capital Leases, Future Minimum Payments Due in Three Years		5,500,000	5,500,000	3,800,000
Operating Leases, Future Minimum Payments, Due in Four Years		30,300,000	30,300,000	17,900,000
Capital Leases, Future Minimum Payments Due in Four Years		3,600,000	3,600,000	2,100,000
Operating Leases, Future Minimum Payments, Due in Five Years		23,300,000	23,300,000	12,700,000
Capital Leases, Future Minimum Payments Due in Five Years		1,600,000	1,600,000	900,000
Operating Leases, Future Minimum Payments, Due Thereafter		22,500,000	22,500,000	16,100,000
Capital Leases, Future Minimum Payments Due Thereafter		11,900,000	11,900,000	12,800,000
Operating Leases, Future Minimum Payments Due		189,200,000	189,200,000	159,700,000
Capital Leases, Future Minimum Payments Due		31,700,000	31,700,000	31,600,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount		(14,600,000)	(14,600,000)
Finance Lease, Liability, Undiscounted Excess Amount		1,100,000	1,100,000
Capital Leases, Future Minimum Payments, Interest Included in Payments				(2,100,000)
Operating Lease, Liability		174,600,000	174,600,000
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments		30,600,000	30,600,000	29,500,000
Finance Lease, Interest Expense		200,000	500,000
Operating Lease, Cost		14,700,000	44,000,000
Short-term Lease, Cost		1,100,000	3,400,000
Variable Lease, Cost		5,000,000	15,100,000
Lease, Cost		22,900,000	68,200,000
Operating lease right-of-use assets		172,900,000	172,900,000	0
Finance lease liability, current		6,900,000	6,900,000
Finance lease liability, non-current		23,700,000	23,700,000
Operating lease liability, current		51,600,000	51,600,000	0
Operating lease liability, non-current		$ 123,000,000	$ 123,000,000	$ 0
Weighted-average remaining lease term - finance leases		5 years 2 months 12 days	5 years 2 months 12 days
Weighted-average remaining lease term - operating leases		4 years 2 months 12 days	4 years 2 months 12 days
Weighted-average discount rate - finance leases		2.10%	2.10%
Weighted-average discount rate – operating leases		3.81%	3.81%
Area of Leased Office Building | ft²	192,000
Purchase Price of Property at End of Lease Term	$ 41,200,000
Percentage of Lease Balance as Final Payment End of Lease Term	87.00%
debt instrument, Covenant for debt not paid	$ 75,000,000
Operating cash flows from operating leases		$ 15,000,000	$ 42,400,000
Financing cash flows from finance leases		2,000,000	5,800,000
Right-of-use assets obtained in exchange for new finance lease liabilities		2,500,000	8,500,000
Right-of-use assets obtained in exchange for new operating lease liabilities		$ 10,300,000	$ 31,900,000

Commitments and Contingencies E

Commitments and Contingencies Expenses for asbestos- related litigation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Asbestos related litigation [Abstract]
Liability for Asbestos and Environmental Claims, Net, Incurred Loss	$ 1.5	$ 1.4	$ 3.3	$ 3.3

Lines of Credit and Financing_3

Lines of Credit and Financing Arrangements (Outstanding Debt Obligations) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current maturities of long-term debt:
Finance lease obligations	$ 6.9	$ 3.5
Debt issuance costs	(0.6)	(0.7)
Total current maturities of long-term debt	394.3	300.8
Long-Term Debt:
Finance lease obligations	23.7	15.7
Debt issuance costs	(2.4)	(3.2)
Total long-term debt	1,056.8	740.5
Total debt	1,451.1	1,041.3
Domestic Credit Facility [Member]
Current maturities of long-term debt:
Domestic credit facility and senior unsecured notes	22.5	30
Long-Term Debt:
Domestic credit facility and senior unsecured notes	685.5	378
Asset Securitization [Member]
Current maturities of long-term debt:
Domestic credit facility and senior unsecured notes	365.5	268
Senior Unsecured Notes [Member]
Long-Term Debt:
Domestic credit facility and senior unsecured notes	$ 350	$ 350

Lines of Credit and Financing_4

Lines of Credit and Financing Arrangements (Foreign Obligations) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Short-term Debt [Line Items]
Proceeds from facilities		$ 5,300,000	$ 39,600,000
Repayments on facilities		5,300,000	$ 41,100,000
Foreign Obligations [Member]
Short-term Debt [Line Items]
Short-term Debt		0
Proceeds from facilities	$ 39,600,000	$ 5,300,000
Repayments on facilities	$ 41,100,000

Lines of Credit and Financing_5

Lines of Credit and Financing Arrangements (Asset Securitization Program) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Line of Credit Facility [Line Items]
Asset Securitization Borrowing Capacity	$ 14,500,000	$ 22,000,000
Maximum securitization as percentage of net pool balance	100.00%
Program fee percentage	0.70%
Average floating commercial paper rate (as a percent)	2.79%	3.27%
Unused fee (as a percent)	101.00%
Fixed rate of agreement (as a percent)	0.35%
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]
Asset Securitization Borrowing Capacity	225,000,000
Maximum [Member]
Line of Credit Facility [Line Items]
Asset Securitization Borrowing Capacity	$ 380,000,000

Lines of Credit and Financing_6

Lines of Credit and Financing Arrangements (Eligible Amounts Available and Beneficial Interest Sold) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Eligible amounts available and beneficial interests sold
Eligible amount available under the ASP on qualified accounts receivable	$ 380	$ 290
Less: Beneficial interest transferred	(365.5)	(268)
Remaining amount available	$ 14.5	$ 22

Lines of Credit and Financing_7

Lines of Credit and Financing Arrangements (Domestic Credit Facility) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Jan. 23, 2019	Nov. 13, 2014
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 1,000,000,000
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	160,000,000	$ 350,000,000	$ 190,000,000
Periodic payments	7,500,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings	708,000,000
Committed standby letters of credit	2,500,000
Available for future borrowings	$ 449,500,000

Lines of Credit and Financing_8

Lines of Credit and Financing Arrangements (Weighted Average Borrowing Rate) (Details)	Sep. 30, 2019	Dec. 31, 2018
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Weighted average borrowing rate	3.31%	3.74%

Lines of Credit and Financing_9

Lines of Credit and Financing Arrangements (Credit Facility Ratios) (Details) - Revolving Credit Facility [Member]	9 Months Ended
	Sep. 30, 2019
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 Financin_10

Lines of Credit and Financing Arrangements (Senior Unsecured Notes) (Details) - Senior Unsecured Notes [Member] - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Nov. 01, 2016
Debt Instrument [Line Items]
Senior unsecured notes			$ 350,000,000
Fixed interest rate for senior unsecured notes (as a percent)			3.00%
Maturity date of senior unsecured notes	Nov. 15, 2023
Minimum principal amount accelerated		$ 75,000,000
Notice period		30 days

Pension and Post-Retirement B_3

Pension and Post-Retirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Apr. 03, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
transfer of pension plan obligation to Life Insurance company					$ 105.6
non-cash pension settlement loss	$ 0	$ 0	$ 60.6	$ 0
Reclassification pension benefit obligations to AOCL	5.6
Transfer of pension plan asset to life insurance company					$ 100
Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	1.2	1.3
Interest cost	2.7	3.1
Expected return on plan assets	(3.6)	(4.7)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0.1	0.1
Recognized actuarial loss	1.4	2.3
Defined Benefit Plan, Other Cost (Credit)	0	0.3		0.3
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	0	0
Net periodic benefit cost	$ 1.8	$ 2.4
Other Postretirement Benefits Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost			3.6	4
Interest cost			8.1	9.3
Expected return on plan assets			(10.8)	(14.1)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)			0.1	0.1
Recognized actuarial loss			4.3	6.9
Defined Benefit Plan, Other Cost (Credit)			0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment			(60.6)	0
Net periodic benefit cost			$ 65.9	$ 6.5

Pension and Post-Retirement B_4

Pension and Post-Retirement Benefit Plans (Narrative) (Details) - Pension Plan [Member] - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2017	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Effect of 25 Basis Point Decrease		$ 0.4
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	7.50%		6.50%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement [Abstract]
Stock-based compensation expense	$ 4.2	$ 7.4	$ 15.6	$ 21

Stock Repurchases (Details)

Stock Repurchases (Details) - USD ($) shares in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Mar. 16, 2018
Stock repurchase program, authorized amount	$ 2,500,000,000			$ 2,500,000,000		$ 500,000,000
Stock repurchase program, remaining authorized amount	$ 46,000,000			$ 46,000,000
Stock Repurchased During Period, Shares	0.5	0.6	0.4
Stock Repurchased During Period, Value	$ 150,000,000	$ 150,000,000	$ 100,000,000
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				$ 16,900,000	$ 21,100,000

Comprehensive Income (Reclassif

Comprehensive Income (Reclassification out of AOCL) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold; Selling, general and administrative expenses	$ (734.6)	$ (728.3)	$ (2,090.3)	$ (2,153.8)
non-cash pension settlement loss	0	0	(60.6)	0
Income tax benefit (expense)	(29)	(25.8)	(71.5)	(77.3)
Foreign currency adjustments on sale of businesses			(56.2)
Net of tax	0	(5)	(2.1)	(27.9)
(Losses)/Gains on Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Foreign currency adjustments on sale of businesses			(5.3)
Defined Benefit Plan Items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Foreign currency adjustments on sale of businesses			(48.8)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Foreign currency adjustments on sale of businesses	0	(5)	(2.1)	(27.9)
Reclassification out of Accumulated Other Comprehensive Loss [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net of tax	(3.1)	(6.6)	(56.2)	(27.6)
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 benefit (expense)	0.5	(0.1)	1.6	(1.7)
Net of tax	(2)	0.2	(5.3)	5.6
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	(2.5)	0.3	(6.9)	7.3
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	(1.5)	(2.4)	(4.4)	(7)
Income tax benefit (expense)	0.4	0.6	16.2	1.7
Net of tax	$ (1.1)	$ (1.8)	$ (48.8)	$ (5.3)

Comprehensive Income (Changes i

Comprehensive Income (Changes in AOCL) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Changes in AOCI by component (net of tax) [Roll Forward]
Balance as of beginning of period			$ (188.8)
Other comprehensive income (loss) before reclassifications			5.4
Amounts reclassified from AOCL			56.2
Net other comprehensive (loss) income			61.6
Balance as of end of period	$ (127.2)		(127.2)
Gains (Losses) on Cash Flow Hedges [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Balance as of beginning of period			(6.2)
Other comprehensive income (loss) before reclassifications			(2)
Amounts reclassified from AOCL			5.3
Net other comprehensive (loss) income			3.3
Balance as of end of period	(2.9)		(2.9)
Defined Benefit Pension Plan Items [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Balance as of beginning of period			(154.5)
Other comprehensive income (loss) before reclassifications			9.8
Amounts reclassified from AOCL			48.8
Net other comprehensive (loss) income			58.6
Balance as of end of period	(95.9)		(95.9)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Balance as of beginning of period			(28.1)
Other comprehensive income (loss) before reclassifications			(2.4)
Amounts reclassified from AOCL	0	$ 5	2.1	$ 27.9
Net other comprehensive (loss) income			(0.3)
Balance as of end of period	$ (28.4)		$ (28.4)

Restructuring Charges Restructu

Restructuring Charges Restructuring charges (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 6.5
Restructuring and Related Cost, Cost Incurred to Date	9.6
Restructuring and Related Cost, Expected Cost	11.2
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	1.5
Restructuring and Related Cost, Cost Incurred to Date	3.9
Restructuring and Related Cost, Expected Cost	4.1
Reduced Depreciation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	5.3
Restructuring and Related Cost, Cost Incurred to Date	5.3
Restructuring and Related Cost, Expected Cost	5.3
Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	(0.3)
Restructuring and Related Cost, Cost Incurred to Date	0.4
Restructuring and Related Cost, Expected Cost	0.4
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	0
Restructuring and Related Cost, Cost Incurred to Date	0
Restructuring and Related Cost, Expected Cost	1.4
Commercial Heating and Cooling [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	0.7
Restructuring and Related Cost, Cost Incurred to Date	2.4
Restructuring and Related Cost, Expected Cost	4
Refrigeration [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	0.7
Restructuring and Related Cost, Cost Incurred to Date	2.1
Restructuring and Related Cost, Expected Cost	2.1
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	5.1
Restructuring and Related Cost, Cost Incurred to Date	5.1
Restructuring and Related Cost, Expected Cost	$ 5.1

Divestitures (Details)

Divestitures (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss (gain), net on sale of businesses and related property	$ (0.2)	$ (6.2)	$ (9.1)	$ (25.8)
Net proceeds from sale of business and related property			43.5	$ 115.9
Australia, New Zealand and Asia Businesses [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash received from the buyer					$ 82.9
Net assets sold					(87.2)
AOCI reclassification adjustments, primarily foreign currency translation					(3.2)
Direct costs to sell					(5.8)
Loss on sale of business					(13.3)
Impairment reserve		10.3
Australia, New Zealand and Asia Businesses | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash received from the buyer			49
Net assets sold			(50.5)
AOCI reclassification adjustments, primarily foreign currency translation			(2.1)
Direct costs to sell			(5.5)
Loss on sale of business			$ (9.1)
Milperra Property | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Direct costs to sell					(1.5)
Loss on sale of business					(23.8)
Net proceeds from sale of business and related property					37.2
Brazil Business | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash received from the buyer					4.2
Net assets sold					(14.1)
AOCI reclassification adjustments, primarily foreign currency translation					(24.7)
Direct costs to sell					(2.9)
Loss on sale of business					$ (37.5)
Impairment reserve		$ 1.2

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net income	$ 114.7	$ 108	$ 294.7	$ 283.4
Add: Loss from discontinued operations	0	0	0.3	1.7
Income from continuing operations	$ 114.7	$ 108	$ 295	$ 285.1
Weighted-average shares outstanding – basic	38.6	40.3	39.1	40.8
Add: Potential effect of dilutive securities attributable to stock-based payments	0.4	0.4	0.4	0.5
Weighted-average shares outstanding – diluted	39	40.7	39.5	41.3
Earnings per share – Basic:
Income from continuing operations (in dollars per share)	$ 2.97	$ 2.68	$ 7.54	$ 6.98
Loss from discontinued operations (in dollars per share)	0	0	(0.01)	(0.04)
Net income (in dollars per share)	2.97	2.68	7.53	6.94
Earnings per share – Diluted:
Income from continuing operations (in dollars per share)	2.94	2.65	7.46	6.90
Loss from discontinued operations (in dollars per share)	0	0	0	(0.04)
Net income (in dollars per share)	$ 2.94	$ 2.65	$ 7.46	$ 6.86

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average number of shares	0	0.2	0	0.2
Price range per share (in dollars per share)	$ 0	$ 205.53	$ 0	$ 205.53

Reportable Business Segments (S

Reportable Business Segments (Segment Data) (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)Segment	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | Segment			3
Assets	$ 2,214.8		$ 2,214.8		$ 1,817.2
Net sales
Net sales	1,032.9	$ 1,030.2	2,922.2	$ 3,040.4
Segment profit (loss)
Total segment profit	175.3	154.6	475.6	430.8
Reconciliation to Operating income:
Special inventory write down	0	0	0	0.2
Special Product Quality Adjustment	(0.5)	0	(1)	0
Loss (gain), net on sale of businesses and related property	0.2	6.2	9.1	25.8
Loss on assets held for sale		0.3		0.3
Net Loss(gain) from natural disaster	1.2	0	(11.6)	0
Partial advance of insurance recoveries related to lost profits	8	0	0	0
Loss (gain) from insurance recoveries, net of losses incurred	7.1	(0.3)	85.4	(0.3)
non-cash pension settlement loss	0	0	(60.6)	0
Items in Losses (gains) and other expenses, net that are excluded from segment profit (loss)	3.5	2.4	7.3	9.3
Restructuring charges	6.1	0.5	6.5	1.9
Operating income	156.8	145.2	465.3	393.3
Residential Heating & Cooling [Member]
Segment Reporting Information [Line Items]
Assets	1,165.3		1,165.3		837.4
Net sales
Net sales	637.6	594.7	1,792.2	1,764.4
Segment profit (loss)
Total segment profit	126.5	113	366.6	317.9
Commercial Heating & Cooling [Member]
Segment Reporting Information [Line Items]
Assets	423.4		423.4		349.5
Net sales
Net sales	253.3	236.9	687.9	668.1
Segment profit (loss)
Total segment profit	47.1	44.8	116	117.6
Refrigeration [Member]
Segment Reporting Information [Line Items]
Assets	415.7		415.7		462.9
Net sales
Net sales	142	198.6	442.1	607.9
Segment profit (loss)
Total segment profit	19.8	24.9	47.3	57.1
Corporate & Other [Member]
Segment Reporting Information [Line Items]
Assets	210.4		210.4		$ 167.4
Segment profit (loss)
Total segment profit	$ 18.1	$ 28.1	$ 54.3	$ 61.8

Fair Value Measurements (Other

Fair Value Measurements (Other Fair Value Disclosures) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Level 2 [Member] | Senior Unsecured Notes [Member]
Other Fair Value Measurements
Senior unsecured notes	$ 357.1	$ 338.4

Condensed Consolidating Finan_3

Condensed Consolidating Financial Statements (Narrative) (Details)	9 Months Ended
	Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]
Subsidiaries, ownership percentage	100.00%

Condensed Consolidating Finan_4

Condensed Consolidating Financial Statements (Balance Sheets) (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 46,100,000	$ 46,300,000	$ 46,100,000	$ 46,100,000	$ 68,200,000
Short-term Investments	2,400,000	0
Accounts and notes receivable, net	622,200,000	472,700,000
Inventories, net	585,300,000	509,800,000
Other assets	61,300,000	60,600,000
Total current assets	1,317,300,000	1,089,400,000
Property, plant and equipment, net	418,800,000	408,300,000
Right-of-use assets from operating leases	172,900,000	0
Goodwill	186,400,000	186,600,000
Investment in subsidiaries	0	0
Deferred income taxes	47,600,000	67,000,000
Other assets, net	71,800,000	65,900,000
Intercompany receivables (payables), net	0	0
Total assets	2,214,800,000	1,817,200,000
Current Liabilities:
Current maturities of long-term debt	394,300,000	300,800,000
Current operating lease liabilities	51,600,000	0
Accounts payable	393,000,000	433,300,000
Accrued expenses	271,000,000	272,300,000
Income taxes (receivable) payable	0	2,100,000
Total current liabilities	1,109,900,000	1,008,500,000
Long-term debt	1,056,800,000	740,500,000
Long-term operating lease liabilities	123,000,000	0
Pensions	72,500,000	82,800,000
Other liabilities	129,900,000	135,000,000
Total liabilities	2,492,100,000	1,966,800,000
Commitments and contingencies
Total stockholders' (deficit) equity	(277,300,000)	(149,600,000)
Total liabilities and stockholders' deficit	2,214,800,000	1,817,200,000
Eliminations [Member]
Current Assets:
Cash and cash equivalents	0	0		0	0
Short-term Investments	0
Accounts and notes receivable, net	0	0
Inventories, net	(2,200,000)	(5,500,000)
Other assets	(34,300,000)	(33,600,000)
Total current assets	(36,500,000)	(39,100,000)
Property, plant and equipment, net	0	(3,600,000)
Right-of-use assets from operating leases	0
Goodwill	0	0
Investment in subsidiaries	(2,124,000,000)	(1,669,200,000)
Deferred income taxes	(12,200,000)	(12,200,000)
Other assets, net	14,200,000	(1,500,000)
Intercompany receivables (payables), net	(119,900,000)	(102,900,000)
Total assets	(2,278,400,000)	(1,828,500,000)
Current Liabilities:
Current maturities of long-term debt	0	0
Current operating lease liabilities	0
Accounts payable	0	0
Accrued expenses	0	0
Income taxes (receivable) payable	(50,800,000)	(50,800,000)
Total current liabilities	(50,800,000)	(50,800,000)
Long-term debt	0	0
Long-term operating lease liabilities	0
Pensions	0	0
Other liabilities	0	0
Total liabilities	(50,800,000)	(50,800,000)
Commitments and contingencies
Total stockholders' (deficit) equity	(2,227,600,000)	(1,777,700,000)
Total liabilities and stockholders' deficit	(2,278,400,000)	(1,828,500,000)
Parent [Member]
Current Assets:
Cash and cash equivalents	1,400,000	1,800,000		1,400,000	1,600,000
Short-term Investments	0
Accounts and notes receivable, net	0	0
Inventories, net	0	0
Other assets	3,400,000	3,300,000
Total current assets	4,800,000	5,100,000
Property, plant and equipment, net	0	0
Right-of-use assets from operating leases	0
Goodwill	0	0
Investment in subsidiaries	1,651,700,000	1,311,900,000
Deferred income taxes	(12,200,000)	1,400,000
Other assets, net	1,400,000	1,500,000
Intercompany receivables (payables), net	(872,400,000)	(715,500,000)
Total assets	773,300,000	604,400,000
Current Liabilities:
Current maturities of long-term debt	21,900,000	29,400,000
Current operating lease liabilities	0
Accounts payable	29,700,000	25,500,000
Accrued expenses	11,200,000	12,100,000
Income taxes (receivable) payable	(45,700,000)	(38,500,000)
Total current liabilities	17,100,000	28,500,000
Long-term debt	1,033,200,000	724,900,000
Long-term operating lease liabilities	0
Pensions	0	0
Other liabilities	300,000	600,000
Total liabilities	1,050,600,000	754,000,000
Commitments and contingencies
Total stockholders' (deficit) equity	(277,300,000)	(149,600,000)
Total liabilities and stockholders' deficit	773,300,000	604,400,000
Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	26,000,000	15,400,000		24,000,000	28,000,000
Short-term Investments	0
Accounts and notes receivable, net	72,000,000	44,300,000
Inventories, net	509,200,000	411,400,000
Other assets	42,800,000	36,200,000
Total current assets	650,000,000	507,300,000
Property, plant and equipment, net	365,400,000	293,300,000
Right-of-use assets from operating leases	149,000,000
Goodwill	166,100,000	166,100,000
Investment in subsidiaries	422,100,000	357,800,000
Deferred income taxes	49,500,000	54,400,000
Other assets, net	54,600,000	48,100,000
Intercompany receivables (payables), net	857,500,000	675,800,000
Total assets	2,714,200,000	2,102,800,000
Current Liabilities:
Current maturities of long-term debt	5,800,000	2,800,000
Current operating lease liabilities	44,400,000
Accounts payable	317,600,000	295,700,000
Accrued expenses	219,100,000	213,800,000
Income taxes (receivable) payable	52,300,000	40,600,000
Total current liabilities	639,200,000	552,900,000
Long-term debt	21,700,000	15,000,000
Long-term operating lease liabilities	106,100,000
Pensions	64,900,000	75,100,000
Other liabilities	122,700,000	126,400,000
Total liabilities	954,600,000	769,400,000
Commitments and contingencies
Total stockholders' (deficit) equity	1,759,600,000	1,333,400,000
Total liabilities and stockholders' deficit	2,714,200,000	2,102,800,000
Non-Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	18,700,000	29,100,000		$ 20,700,000	$ 38,600,000
Short-term Investments	2,400,000
Accounts and notes receivable, net	550,200,000	428,400,000
Inventories, net	78,300,000	103,900,000
Other assets	49,400,000	54,700,000
Total current assets	699,000,000	616,100,000
Property, plant and equipment, net	53,400,000	118,600,000
Right-of-use assets from operating leases	23,900,000
Goodwill	20,300,000	20,500,000
Investment in subsidiaries	50,200,000	(500,000)
Deferred income taxes	22,500,000	23,400,000
Other assets, net	1,600,000	17,800,000
Intercompany receivables (payables), net	134,800,000	142,600,000
Total assets	1,005,700,000	938,500,000
Current Liabilities:
Current maturities of long-term debt	366,600,000	268,600,000
Current operating lease liabilities	7,200,000
Accounts payable	45,700,000	112,100,000
Accrued expenses	40,700,000	46,400,000
Income taxes (receivable) payable	44,200,000	50,800,000
Total current liabilities	504,400,000	477,900,000
Long-term debt	1,900,000	600,000
Long-term operating lease liabilities	16,900,000
Pensions	7,600,000	7,700,000
Other liabilities	6,900,000	8,000,000
Total liabilities	537,700,000	494,200,000
Commitments and contingencies
Total stockholders' (deficit) equity	468,000,000	444,300,000
Total liabilities and stockholders' deficit	$ 1,005,700,000	$ 938,500,000

Condensed Consolidating Finan_5

Condensed Consolidating Financial Statements (Statements of Operations and Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Consolidating Statements of Operations
Net sales	$ 1,032.9	$ 1,030.2	$ 2,922.2	$ 3,040.4
Cost of goods sold	734.6	728.3	2,090.3	2,153.8
Gross profit	298.3	301.9	831.9	886.6
Operating Expenses:
Selling, general and administrative expenses	143.4	149.4	441.6	466.1
Losses (gains) and other expenses, net	2.2	2.7	5.3	10
Restructuring charges	6.1	0.5	6.5	1.9
Gain (Loss) on Disposition of Business and Related Property	(0.2)	(6.2)	(9.1)	(25.8)
Gain (Loss) on Disposition of Assets		0.3		0.3
Loss(gain) from natural disaster, net of Insurance recoveries	(7.1)	0.3	(85.4)	0.3
Income from equity method investments	(3.3)	(2.4)	(10.5)	(10.8)
Operating income	156.8	145.2	465.3	393.3
non-cash pension settlement loss	0	0	60.6	0
Interest expense, net	12.5	10.3	36.5	28.5
Other expense (income), net	0.6	1.1	1.7	2.4
Income from continuing operations before income taxes	143.7	133.8	366.5	362.4
Income tax benefit	29	25.8	71.5	77.3
Income from continuing operations	114.7	108	295	285.1
Loss from discontinued operations	0	0	(0.3)	(1.7)
Net income	114.7	108	294.7	283.4
Other comprehensive income (loss), net of tax	2.4	5.4	61.6	(18.2)
Comprehensive income	117.1	113.4	356.3	265.2
Eliminations [Member]
Condensed Consolidating Statements of Operations
Net sales	(56.6)	(183.9)	(177.1)	(530.6)
Cost of goods sold	(56.4)	(184.3)	(175.8)	(529)
Gross profit	(0.2)	0.4	(1.3)	(1.6)
Operating Expenses:
Selling, general and administrative expenses	0	(0.3)	0	(0.5)
Losses (gains) and other expenses, net	(0.1)	0	(0.2)	(0.3)
Restructuring charges	0	0	0	0
Gain (Loss) on Disposition of Business and Related Property	0	0	0	0
Gain (Loss) on Disposition of Assets		0		0
Loss(gain) from natural disaster, net of Insurance recoveries	0		0
Income from equity method investments	135.5	154.6	334.5	354.9
Operating income	(135.6)	(153.9)	(335.6)	(355.7)
non-cash pension settlement loss			0
Interest expense, net	0	0	0	0
Other expense (income), net	0	0	0	0
Income from continuing operations before income taxes	(135.6)	(153.9)	(335.6)	(355.7)
Income tax benefit	0	0.1	(0.3)	0.2
Income from continuing operations	(135.6)	(154)	(335.3)	(355.9)
Loss from discontinued operations		0	0	0
Net income	(135.6)	(154)	(335.3)	(355.9)
Other comprehensive income (loss), net of tax	0	0	0	0
Comprehensive income	(135.6)	(154)	(335.3)	(355.9)
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 (gains) and other expenses, net	0.2	0.2	(0.2)	1.7
Restructuring charges	0	0	0	0
Gain (Loss) on Disposition of Business and Related Property	0	0	0	0
Gain (Loss) on Disposition of Assets		0		0
Loss(gain) from natural disaster, net of Insurance recoveries	0		0
Income from equity method investments	(116.4)	(109.7)	(299.6)	(289.9)
Operating income	116.2	109.5	299.8	288.2
non-cash pension settlement loss			0
Interest expense, net	2.1	2	6.7	6.8
Other expense (income), net	0	0	0	0
Income from continuing operations before income taxes	114.1	107.5	293.1	281.4
Income tax benefit	(0.6)	(0.5)	(1.6)	(2)
Income from continuing operations	114.7	108	294.7	283.4
Loss from discontinued operations		0	0	0
Net income	114.7	108	294.7	283.4
Other comprehensive income (loss), net of tax	(0.3)	(2.5)	4.1	(11.9)
Comprehensive income	114.4	105.5	298.8	271.5
Guarantor Subsidiaries [Member]
Condensed Consolidating Statements of Operations
Net sales	950	930.5	2,692.1	2,704.6
Cost of goods sold	681.2	660.5	1,935.6	1,938.8
Gross profit	268.8	270	756.5	765.8
Operating Expenses:
Selling, general and administrative expenses	139.9	138.4	423.6	423
Losses (gains) and other expenses, net	1.5	1.9	4.4	2.3
Restructuring charges	6	0	6.2	0.8
Gain (Loss) on Disposition of Business and Related Property	(0.2)	(40.1)	(1.3)	(39.1)
Gain (Loss) on Disposition of Assets		1.7		1.7
Loss(gain) from natural disaster, net of Insurance recoveries	(7.1)		(85.4)
Income from equity method investments	(20.1)	(45.7)	(37.2)	(67.4)
Operating income	148.4	137	443.6	369.7
non-cash pension settlement loss			60.6
Interest expense, net	7.7	5	23.1	14.4
Other expense (income), net	0.5	0.7	1.5	2
Income from continuing operations before income taxes	140.2	131.3	358.4	353.3
Income tax benefit	23	13.3	56.6	62.6
Income from continuing operations	117.2	118	301.8	290.7
Loss from discontinued operations		0	0	0
Net income	117.2	118	301.8	290.7
Other comprehensive income (loss), net of tax	7.7	1.2	58.1	(7.5)
Comprehensive income	124.9	119.2	359.9	283.2
Non-Guarantor Subsidiaries [Member]
Condensed Consolidating Statements of Operations
Net sales	139.5	283.6	407.2	866.4
Cost of goods sold	109.8	252.1	330.5	744
Gross profit	29.7	31.5	76.7	122.4
Operating Expenses:
Selling, general and administrative expenses	3.5	11.3	18	43.6
Losses (gains) and other expenses, net	0.6	0.6	1.3	6.3
Restructuring charges	0.1	0.5	0.3	1.1
Gain (Loss) on Disposition of Business and Related Property	0	33.9	(7.8)	13.3
Gain (Loss) on Disposition of Assets		2		2
Loss(gain) from natural disaster, net of Insurance recoveries	0		0
Income from equity method investments	(2.3)	(1.6)	(8.2)	(8.4)
Operating income	27.8	52.6	57.5	91.1
non-cash pension settlement loss			0
Interest expense, net	2.7	3.3	6.7	7.3
Other expense (income), net	0.1	0.4	0.2	0.4
Income from continuing operations before income taxes	25	48.9	50.6	83.4
Income tax benefit	6.6	12.9	16.8	16.5
Income from continuing operations	18.4	36	33.8	66.9
Loss from discontinued operations		0	0.3	(1.7)
Net income	18.4	36	33.5	65.2
Other comprehensive income (loss), net of tax	(5)	6.7	(0.6)	1.2
Comprehensive income	$ 13.4	$ 42.7	$ 32.9	$ 66.4

Condensed Consolidating Finan_6

Condensed Consolidating Financial Statements (Statements of Cash Flows) (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	$ 124.5	$ 231.3
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	1.2	0.1
Purchases of property, plant and equipment	(77)	(60.9)
Net proceeds from sale of business and related property	43.5	115.9
Insurance recoveries received for property damage incurred from natural disaster	11.6	4.2
Payments to Acquire Short-term Investments	(2.4)	0
Net cash used in investing activities	(23.1)	59.3
Cash flows from financing activities:
Short-term debt payments	(5.3)	(41.1)
Asset securitization payments	(58)	(53.7)
Long-term debt payments	(35)	(32.9)
Proceeds from Issuance of Long-term Debt		0
Borrowings from credit facility	1,938.5	1,820
Payments on credit facility	(1,608.5)	(1,766.5)
Proceeds from employee stock purchases	2.5	2.5
Repurchases of common stock	(400)	(350.2)
Repurchases of common stock to satisfy employee withholding tax obligations	(16.9)	(21.1)
Intercompany financing activity	0	0
Cash dividends paid	(80.9)	(68.2)
Net cash provided by financing activities	(102.8)	(316.6)
Decrease in cash and cash equivalents	(1.4)	(26)
Effect of exchange rates on cash and cash equivalents	1.2	3.9
Cash and cash equivalents, beginning of period	46.3	68.2	$ 68.2
Cash and cash equivalents, end of period	46.1	46.1	46.3
Proceeds from Short-term Debt	(5.3)	(39.6)
Proceeds from Other Debt	155.5	155
Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	0	0
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0	0
Purchases of property, plant and equipment	0	0
Net proceeds from sale of business and related property	0	0
Insurance recoveries received for property damage incurred from natural disaster	0
Payments to Acquire Short-term Investments	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Short-term debt payments	0	0
Asset securitization payments	0	0
Long-term debt payments	0	0
Proceeds from Issuance of Long-term Debt		0
Borrowings from credit facility	0	0
Payments on credit facility	0	0
Proceeds from employee stock purchases	0	0
Repurchases of common stock	0	0
Repurchases of common stock to satisfy employee withholding tax obligations	0	0
Intercompany financing activity	0	0
Cash dividends paid	0	0
Net cash provided by financing activities	0	0
Decrease 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	0
Cash and cash equivalents, end of period	0		0
Proceeds from Short-term Debt	0	0
Proceeds from Other Debt	0	0
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	21	57.2
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0	0
Purchases of property, plant and equipment	0	0
Net proceeds from sale of business and related property	0	0
Insurance recoveries received for property damage incurred from natural disaster	0
Payments to Acquire Short-term Investments	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Short-term debt payments	0	0
Asset securitization payments	0	0
Long-term debt payments	(30)	(30)
Proceeds from Issuance of Long-term Debt		0
Borrowings from credit facility	1,938.5	1,820
Payments on credit facility	(1,608.5)	(1,766.5)
Proceeds from employee stock purchases	2.5	2.5
Repurchases of common stock	(400)	(350.2)
Repurchases of common stock to satisfy employee withholding tax obligations	(16.9)	(21.1)
Intercompany financing activity	173.9	356.1
Cash dividends paid	(80.9)	(68.2)
Net cash provided by financing activities	(21.4)	(57.4)
Decrease in cash and cash equivalents	(0.4)	(0.2)
Effect of exchange rates on cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	1.8	1.6	1.6
Cash and cash equivalents, end of period	1.4		1.8
Proceeds from Short-term Debt	0	0
Proceeds from Other Debt	0	0
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	217.7	362.5
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0.8	0
Purchases of property, plant and equipment	(71.6)	(46.1)
Net proceeds from sale of business and related property	42.9	4
Insurance recoveries received for property damage incurred from natural disaster	11.6
Payments to Acquire Short-term Investments	0
Net cash used in investing activities	(16.3)	(37.9)
Cash flows from financing activities:
Short-term debt payments	0	0
Asset securitization payments	0	0
Long-term debt payments	(3)	(2.8)
Proceeds from Issuance of Long-term Debt		0
Borrowings from credit facility	0	0
Payments on credit facility	0	0
Proceeds from employee stock purchases	0	0
Repurchases of common stock	0	0
Repurchases of common stock to satisfy employee withholding tax obligations	0	0
Intercompany financing activity	(188.2)	(323)
Cash dividends paid	0	0
Net cash provided by financing activities	(191.2)	(325.8)
Decrease in cash and cash equivalents	10.2	(1.2)
Effect of exchange rates on cash and cash equivalents	0.4	(2.8)
Cash and cash equivalents, beginning of period	15.4	28	28
Cash and cash equivalents, end of period	26		15.4
Proceeds from Short-term Debt	0	0
Proceeds from Other Debt	0	0
Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	(114.2)	(188.4)
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	0.4	0.1
Purchases of property, plant and equipment	(5.4)	(14.8)
Net proceeds from sale of business and related property	0.6	111.9
Insurance recoveries received for property damage incurred from natural disaster	0
Payments to Acquire Short-term Investments	(2.4)
Net cash used in investing activities	(6.8)	97.2
Cash flows from financing activities:
Short-term debt payments	(5.3)	(41.1)
Asset securitization payments	(58)	(53.7)
Long-term debt payments	(2)	(0.1)
Proceeds from Issuance of Long-term Debt		0
Borrowings from credit facility	0	0
Payments on credit facility	0	0
Proceeds from employee stock purchases	0	0
Repurchases of common stock	0	0
Repurchases of common stock to satisfy employee withholding tax obligations	0	0
Intercompany financing activity	14.3	(33.1)
Cash dividends paid	0	0
Net cash provided by financing activities	109.8	66.6
Decrease in cash and cash equivalents	(11.2)	(24.6)
Effect of exchange rates on cash and cash equivalents	0.8	6.7
Cash and cash equivalents, beginning of period	29.1	38.6	38.6
Cash and cash equivalents, end of period	18.7		$ 29.1
Proceeds from Short-term Debt	(5.3)	(39.6)
Proceeds from Other Debt	$ 155.5	$ 155

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Oct. 15, 2019	Apr. 03, 2019
Subsequent Event [Line Items]
Transfer of pension plan asset to life insurance company					$ 100
Stock Repurchased During Period, Shares	0.5	0.6	0.4
Stock Repurchased During Period, Value	$ 150	$ 150	$ 100
transfer of pension plan obligation to Life Insurance company					$ 105.6
Subsequent Event [Member]
Subsequent Event [Line Items]
Transfer of pension plan asset to life insurance company				$ 75
transfer of pension plan obligation to Life Insurance company				77.9
non- cash pension settlement pre tax loss due to transfer				$ 38.5