WABCO (WBC) 10-Q 19 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 10, 2019
Entity Addresses [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	1-33332
Entity Central Index Key	0001390844
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Tax Identification Number	20-8481962
Entity Address, Address Line One	1220 Pacific Drive
Entity Address, Address Line Two	Auburn Hills
Entity Address, State or Province	MI
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	WBC
Entity Incorporation, State or Country Code	DE
Entity Registrant Name	WABCO Holdings Inc.
Country Region	41
City Area Code	315
Local Phone Number	813-300
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		51,244,236
Entity Address, Postal Zip Code	48326-1589
Other Address [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	1 Giacomettistrasse
Entity Address, Address Line Two	Bern
Entity Address, Address Line Three	CH
Entity Address, Postal Zip Code	3000-31

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Sales	$ 912.8	$ 1,001.2	$ 1,845.6	$ 2,004.6
Cost of sales	644	690.9	1,304	1,385.3
Gross profit	268.8	310.3	541.6	619.3
Costs and expenses:
Selling and administrative expenses	120.6	119	241	232.5
Research, development and engineering expenses	45.4	47.5	93.8	98.2
Other operating expense/(income), net	0.5	(2.7)	(0.6)	(4.9)
Operating income	102.3	146.5	207.4	293.5
Equity income of unconsolidated joint ventures, net	0.5	0.4	1	0.8
Other non-operating expense, net	(7.4)	(11)	(13.3)	(22.3)
Interest income/(expense), net	0.2	(3.1)	0.3	(6.2)
Income before income taxes	95.6	132.8	195.4	265.8
Income tax expense	20.9	23.5	33	49.9
Net income including noncontrolling interests	74.7	109.3	162.4	215.9
Less: net income attributable to noncontrolling interests	4.1	4.9	7.9	10.9
Net income attributable to Company	$ 70.6	$ 104.4	$ 154.5	$ 205
Net income attributable to Company per common share
Basic (in usd per share)	$ 1.38	$ 1.96	$ 3.02	$ 3.83
Diluted (in usd per share)	1.38	1.95	3.01	3.82
Cash dividends per share of common stock (in usd per share)	$ 0	$ 0	$ 0	$ 0
Weighted average common shares outstanding
Basic (in shares)	51,234,648	53,335,218	51,233,899	53,536,855
Diluted (in shares)	51,340,058	53,470,051	51,350,848	53,695,384

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income including noncontrolling interests	$ 74.7	$ 109.3	$ 162.4	$ 215.9
Other comprehensive income:
Currency translation adjustments	(6.9)	(69.6)	8.2	(45.8)
Pension and post-retirement benefit plan adjustments, net	2.7	20.3	10.4	17
Total other comprehensive income	(4.2)	(48.5)	18.6	(28)
Comprehensive income	70.5	60.8	181	187.9
Less: comprehensive income attributable to noncontrolling interests	4.4	1.1	8.9	6.2
Comprehensive income attributable to Company	$ 66.1	$ 59.7	$ 172.1	$ 181.7

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 712.2	$ 503.8
Short-term investments	68.6	135.8
Accounts receivable, less allowance for doubtful accounts of $12.1 in 2019 and $10.7 in 2018	691.4	611.5
Inventories, net	316.5	319.1
Guaranteed notes receivable	40.2	44.1
Investments in repurchase agreements	0	85.8
Other current assets	114.4	96.8
Total current assets	1,943.3	1,796.9
Property, plant and equipment, net	562.7	553.6
Operating lease right–of–use assets	111.3	0
Goodwill	808.1	809.4
Deferred tax assets	243.4	236.7
Investments in unconsolidated joint ventures	11.9	10.4
Intangible assets, net	237.6	246.6
Other assets	94.6	85
TOTAL ASSETS	4,012.9	3,738.6
Current liabilities:
Loans payable to banks	18.6	0
Accounts payable	224.7	232.5
Accrued payroll	115.2	111.2
Current portion of warranties	24.5	23.3
VAT payable	19.8	15.7
Accrued expenses	75.4	73.8
Promotion and customer incentives	25.5	26.6
Accrued income tax	43.1	28.2
Other accrued liabilities	106	84.7
Total current liabilities	652.8	596
Long-term debt	839.6	845.2
Operating lease liabilities	83.6	0
Pension and post-retirement benefits	718.6	716
Deferred tax liabilities	71.4	75.4
Long-term income tax liabilities	148.8	156.8
Other liabilities	79.1	84
TOTAL LIABILITIES	2,593.9	2,473.4
Shareholders' equity:
Preferred stock, 4,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $.01 par value, 400,000,000 shares authorized; shares issued: 79,132,946 in 2019; 79,018,266 in 2018; and shares outstanding: 51,242,263 in 2019; 51,364,925 in 2018	0.8	0.8
Capital surplus	900.9	898.5
Treasury stock, at cost: 27,890,683 shares in 2019; 27,653,341 shares in 2018	(2,187.2)	(2,159.3)
Retained earnings	3,121.5	2,960.8
Accumulated other comprehensive loss	(514.8)	(524)
Total shareholders’ equity	1,321.2	1,176.8
Noncontrolling interests	97.8	88.4
Total equity	1,419	1,265.2
TOTAL LIABILITIES AND EQUITY	$ 4,012.9	$ 3,738.6

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 12.1	$ 10.7
Preferred stock, shares authorized	4,000,000	4,000,000
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	400,000,000	400,000,000
Common stock, shares issued	79,132,946
Common stock, shares outstanding	51,242,263	51,364,925
Treasury stock, shares	(27,890,683)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net income including noncontrolling interests	$ 162.4	$ 215.9
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	50.8	47.9
Amortization of intangibles	13.7	14.2
Equity in earnings of unconsolidated joint ventures, net of dividends received	(1)	(0.8)
Non-cash stock compensation	8.1	11.2
Non-cash interest expense and debt issuance cost amortization	5	9.1
Deferred income tax benefit	(16.6)	(2.6)
Pension and post-retirement benefit expense	32.9	32.1
Foreign currency effects on changes in monetary assets/liabilities	0.6	(0.3)
Unrealized (gain)/loss on revaluation of foreign currency forward contracts	(0.6)	3.1
Loss on debt extinguishment	0	(2.3)
Other	(0.9)	1.2
Changes in assets and liabilities:
Accounts receivable, net	(80)	(39.6)
Inventories, net	2.2	(27.2)
Accounts payable	0.5	(3.2)
Other accrued liabilities and taxes	12.9	(35.8)
Other current and long-term assets	(22.2)	(35.5)
Other long-term liabilities	(12.9)	(11.9)
Pension and post-retirement benefit contributions	(13.1)	(13.9)
Net cash provided by operating activities	141.8	166.2
Investing activities:
Purchases of property, plant and equipment	(67.9)	(49.6)
Investments in capitalized software	(4.3)	(5.7)
Purchases of short-term investments and repurchase agreements	(424.3)	(269.8)
Sales and maturities of short-term investments and repurchase agreements	573.5	151.1
Investments in unconsolidated joint ventures	(0.7)	(2.2)
Acquisition of businesses	0	(8.6)
Net cash provided/(used) by investing activities	76.3	(184.8)
Financing activities:
Borrowings of long-term debt	0	368.5
Repayments of long-term debt	0	(500)
Net borrowings/(repayments) of short-term debt	19.3	(195.1)
Purchases of treasury stock	(30.6)	(119.9)
Taxes withheld and paid on employee stock award vestings	(4.8)	(4.7)
Dividends to noncontrolling interest holders	(2.3)	(3)
Proceeds from noncontrolling interest holders	3.9	0
Proceeds from exercise of stock options	0.6	0.5
Net cash used by financing activities	(13.9)	(453.7)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	4.4	(13.8)
Net increase/(decrease) in cash, cash equivalents and restricted cash	208.6	(486.1)
Cash, cash equivalents and restricted cash at beginning of period	504.2	1,141.5
Cash, cash equivalents and restricted cash at end of period	712.8	655.4
Cash paid during the period for:
Interest	5.8	16.1
Income taxes	43.3	56.5
Increase in capital expenditures included in accounts payable and other accrued liabilities	10.3	9
Cash and cash equivalents	712.2	654.9
Cash, cash equivalents and restricted cash at end of period	$ 504.2	$ 1,141.5

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) $ in Millions	Total	Common stock and capital surplus	Treasury stock	Retained earnings	Accumulated other comprehensive loss	Noncontrolling interests
Beginning Balance at Dec. 31, 2017	$ 1,201.1	$ 884	$ (1,861.3)	$ 2,563.2	$ (464.5)	$ 79.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income including noncontrolling interests	215.9			205
Tax withheld on stock award vestings		(4.5)
Net income attributable to noncontrolling interests	(10.9)					10.9
Other comprehensive income (loss)	(28)				(23.4)	(4.9)
Treasury stock purchased			(119.8)
Stock options exercised		0.1
Treasury stock reissued			1.9	(1.5)
Stock-based compensation		11.1
Dividends paid						(3)
Proceeds from minority interest shareholders						0
Changes in ownership of noncontrolling interests		0				0
Ending Balance at Jun. 30, 2018	1,278.3	890.7	(1,979.2)	2,772	(487.9)	82.7
Beginning Balance at Mar. 31, 2018	1,301.8	884	(1,890.3)	2,667.8	(443.1)	83.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income including noncontrolling interests	109.3			104.4
Tax withheld on stock award vestings		0
Net income attributable to noncontrolling interests	(4.9)					4.9
Other comprehensive income (loss)	(48.5)				(44.8)	(3.8)
Treasury stock purchased			(89.2)
Stock options exercised		0
Treasury stock reissued			0.3	(0.2)
Stock-based compensation		6.7
Dividends paid						(1.8)
Proceeds from minority interest shareholders						0
Changes in ownership of noncontrolling interests		0				0
Ending Balance at Jun. 30, 2018	1,278.3	890.7	(1,979.2)	2,772	(487.9)	82.7
Beginning Balance at Dec. 31, 2018	1,265.2	899.3	(2,159.3)	2,960.8	(524)	88.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income including noncontrolling interests	162.4			154.5
Tax withheld on stock award vestings		(4.7)
Net income attributable to noncontrolling interests	(7.9)					7.9
Other comprehensive income (loss)	18.6				17.6	0.9
Treasury stock purchased			(30.6)
Stock options exercised		0.2
Treasury stock reissued			2.7	(2.2)
Stock-based compensation		8.1
Dividends paid						(2.3)
Proceeds from minority interest shareholders						3.9
Changes in ownership of noncontrolling interests		(1.2)				(1)
Ending Balance at Jun. 30, 2019	1,419	901.7	(2,187.2)	3,121.5	(514.8)	97.8
Beginning Balance at Mar. 31, 2019	1,344.3	897.6	(2,187.2)	3,050.9	(510.3)	93.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income including noncontrolling interests	74.7			70.6
Tax withheld on stock award vestings		0
Net income attributable to noncontrolling interests	(4.1)					4.1
Other comprehensive income (loss)	(4.2)				(4.5)	0.3
Treasury stock purchased			0
Stock options exercised		0
Treasury stock reissued			0	0
Stock-based compensation		4.1
Dividends paid						0
Proceeds from minority interest shareholders						0
Changes in ownership of noncontrolling interests		0				0
Ending Balance at Jun. 30, 2019	$ 1,419	$ 901.7	$ (2,187.2)	$ 3,121.5	$ (514.8)	$ 97.8

Basis of Financial Statement Pr

Basis of Financial Statement Presentation	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation WABCO Holdings Inc. and its subsidiaries (collectively WABCO, Company, we, or our) engineer, develop, manufacture and sell integrated systems controlling advanced braking, stability, suspension, steering, transmission automation, as well as air compression and processing primarily for commercial vehicles. WABCO’s largest selling products are pneumatic anti-lock braking systems (ABS), electronic braking systems (EBS), electronic stability control (ESC) systems, brake controls, automated manual transmission systems (AMT), air disc brakes and a large variety of conventional mechanical products such as actuators, air compressors and air control valves for medium- and heavy-duty trucks, buses and trailers. In addition, we supply commercial vehicle aftermarket distributors and service partners as well as fleet operators with replacement parts, fleet management solutions, diagnostic tools, training and other expert services. WABCO sells its products primarily to two groups of customers around the world: original equipment manufacturers (OEMs) including truck and bus, trailer, car and off-highway, and commercial vehicle aftermarket distributors of replacement parts and services as well as commercial vehicle fleet operators for management solutions and services. We also provide remanufacturing services globally. The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments, including normal recurring items, considered necessary for a fair presentation of financial data have been included. The results of operations for interim periods are not necessarily indicative of the results that may be expected for the entire year. The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes for the year ended December 31, 2018 , included in the Company’s Annual Report on Form 10-K. As previously announced, on March 28, 2019, WABCO entered into an Agreement and Plan of Merger (the Merger Agreement) with ZF Friedrichshafen AG (ZF), a stock corporation organized and existing under the laws of the Federal Republic of Germany, and Verona Merger Sub Corp., a Delaware corporation and indirect wholly owned subsidiary of ZF, pursuant to which ZF will acquire 100% of the issued and outstanding shares of WABCO common stock (the Merger). The Merger Agreement was adopted by WABCO’s shareholders at the June 27, 2019 special meeting of shareholders. Consummation of the Merger is subject to customary closing conditions and regulatory approvals and is expected to close in early 2020. Due to the pending Merger, the Company has suspended previously announced changes to its internal reporting. The Company will maintain its current internal reporting to the chief operating decision maker and continue to operate as one reportable segment. All majority-owned subsidiaries of WABCO are included in the condensed consolidated financial statements and intercompany transactions are eliminated upon consolidation. WABCO’s investments in unconsolidated joint ventures are included at cost plus its equity in undistributed earnings less dividends and changes in foreign currency in accordance with the equity method of accounting and reflected as investments in unconsolidated joint ventures in the condensed consolidated balance sheets. Certain amounts in the prior year’s condensed consolidated financial statements and related footnotes thereto have been reclassified to conform with the current year presentation. The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Management believes the most complex and sensitive judgments, because of their significance to the condensed consolidated financial statements, result primarily from the need to make estimates about the effects of matters that are inherently uncertain. Management’s Discussion and Analysis of Financial Condition and Results of Operations and Notes 2 and 16 to the Consolidated Financial Statements for the year ended December 31, 2018 , in the Company’s Annual Report on Form 10-K, describe the most significant accounting estimates and policies used in the preparation of the Consolidated Financial Statements. Actual results in these areas could differ materially from management’s estimates. There have been no significant changes in the Company’s assumptions regarding critical accounting estimates during the first six months of 2019 .

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards Recently Adopted Accounting Standards In June 2018, the FASB issued ASU 2018-07 Compensation-Stock Compensation (Topic 718), to simplify the accounting for share–based payments granted to nonemployees by aligning the accounting with the requirements for employee share–based compensation. ASU 2018-07 is effective for the Company beginning in fiscal 2019, including interim periods within that fiscal year. The Company adopted the guidance as of January 1, 2019. There was no material impact on the Company's condensed consolidated financial statements resulting from the adoption of this guidance. In February 2018, the FASB issued ASU 2018-02 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The standard allows for certain stranded tax effects within Accumulated Other Comprehensive Income (AOCI), resulting from the U.S. Tax Cuts and Jobs Act, to be reclassified to retained earnings. ASU 2018-02 is effective for the Company beginning in fiscal 2019, including interim periods within that fiscal year. The Company adopted the provisions of ASU 2018–02 as of January 1, 2019. There was a one–time reclassification of $8.4 million from AOCI to retained earnings related to the remeasurement of deferred taxes recorded in other comprehensive income based on the newly enacted corporate tax rate. Refer to Note 13 for additional detail regarding the components of the reclassification. In August 2017, the FASB issued ASU 2017-12 Targeted Improvements to Accounting for Hedging Activities , which aims at improving the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements, by expanding and refining hedge accounting for both nonfinancial and financial risk components and aligning the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. ASU 2017-12 is effective for the Company beginning in fiscal 2019, including interim periods within that fiscal year. The Company adopted the provisions of ASU 2017–12 as of January 1, 2019. There was no material impact on the Company's condensed consolidated financial statements resulting from the adoption of this guidance. In February 2016, the FASB issued ASU 2016-02 and subsequent amendments, collectively known as ASC 842 Leases . ASC 842 requires recognition of operating leases as lease assets and liabilities on the balance sheet and also requires the disclosure of key information about leasing arrangements. The Company has elected to adopt ASC 842 by applying the modified transition method and has elected to use the effective date of January 1, 2019 as the initial date of application. The Company elected the package of practical expedients and did not elect the use of the hindsight practical expedient. As a result, the Company will continue to account for existing leases in accordance with previous accounting guidance throughout the entire lease term including periods after the effective date. The remeasurement or modification of a lease after the effective date requires application of the new guidance. The Company has also elected the practical expedient under ASU 2018-01 Land Easement and will apply previous judgments under previous guidance as to the recognition of land easements as a lease. The adoption of ASC 842 resulted in the recognition of operating lease right-of-use (ROU) assets of $110.1 million and operating lease liabilities of $111.2 million on the effective date. The new guidance did not have a material impact on the condensed consolidated statement of operations or statement of cash flow. The accounting for finance leases under ASC 842 remained substantially unchanged from previous accounting guidance and are not material. See Note 11 for the disclosures required by ASC 842 and accounting policy information for leases. Pending Adoption of Recently Issued Accounting Standards In August 2018, the FASB issued ASU 2018-14 Compensation - Retirement Benefits - Defined Benefit Plans - General (Topic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans . This ASU modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The ASU removes the requirements to disclose: amounts in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year; the amount and timing of plan assets expected to be returned to the employer; and the effects of a one-percentage point change in assumed health care cost trend rates. The ASU requires disclosure of an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted for all entities and the amendments in this update are required to be applied on a retrospective basis to all periods presented. The Company is currently evaluating this guidance to determine the impact on its disclosures. In August 2018, the FASB issued ASU 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The ASU removes the requirement to disclose: the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; the policy for timing of transfers between levels; and the valuation processes for Level 3 fair value measurements. The ASU requires disclosure of changes in unrealized gains and losses for the period included in other comprehensive income (loss) for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating this guidance to determine the impact on its disclosures. In January 2017, the FASB issued ASU 2017-04 Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment. The standard eliminates the requirement to measure the implied fair value of goodwill by assigning the fair value of a reporting unit to all assets and liabilities within that unit (the Step 2 test) from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited by the amount of goodwill in that reporting unit. The standard is effective for the Company beginning January 1, 2020 and will be applied to any annual or interim goodwill impairment assessment after that date. Early adoption is permitted for interim and annual impairment testing after January 1, 2017. The Company does not expect the adoption of this guidance to have a material impact on the Company's condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016–13 Financial Instruments–Credit Losses to replace the incurred loss model for financial assets measured at amortized cost and require entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. For trade and other receivables, loans and other financial instruments, the Company will be required to use a forward-looking expected loss model rather than the incurred loss model for recognizing credit losses which reflects losses that are probable. The new guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact that the adoption of this guidance will have on its condensed consolidated financial statements. We do not expect the pending adoption of other recently issued accounting standards to have an impact on the condensed consolidated financial statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customer Revenue from Contracts with Customer	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customer	Revenue from Contracts with Customers The Company follows the guidance under ASC 606 effective January 1, 2018. Revenue under ASC 606 is measured based on consideration specified in a contract with a customer, and excludes any sales incentives and amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer, which is typically at a point in time. Estimates of variable consideration are included in revenue to the extent that it is probable that a significant reversal of cumulative revenue will not occur once the uncertainty is resolved. Disaggregation of Revenue The following table presents product sales disaggregated by end-market: Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 OEM $ 692.8 $ 761.4 $ 1,396.4 $ 1,522.3 Aftermarket 220.0 239.8 449.2 482.3 Total sales $ 912.8 $ 1,001.2 $ 1,845.6 $ 2,004.6 The following table presents product sales disaggregated by geography, based on the billing addresses of customers: Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 United States $ 219.1 $ 224.3 $ 434.6 $ 430.3 Europe 434.3 489.4 896.2 990.8 Other (1) 259.4 287.5 514.8 583.5 Total sales $ 912.8 $ 1,001.2 $ 1,845.6 $ 2,004.6 (1) Sales to other regions includes revenues primarily from Japan, China, Brazil and India. Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. Contract assets primarily relate to the Company’s rights to consideration for work completed but not billed at the reporting date. The contract assets are transferred to receivables when the rights become unconditional. Contract liabilities primarily relate to performance obligations to be satisfied in the future. Contract assets and contract liabilities were not material as of June 30, 2019 and December 31, 2018 . Transaction Price Allocated to the Remaining Performance Obligations The aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2019 and 2018

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Accumulated Other Comprehensive Loss	The table below presents the changes in accumulated other comprehensive loss for the three and six month periods ended June 30, 2019 and 2018 . Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 Foreign currency translation adjustments : Balance at beginning of period $ (235.7 ) $ (152.8 ) $ (243.0 ) $ (177.6 ) Adoption of ASU 2018-02 (Note 2) — — (7.1 ) — Adjustment for the period (7.2 ) (65.5 ) 7.2 (40.7 ) Balance at end of period (1) (242.9 ) (218.3 ) (242.9 ) (218.3 ) Losses on intra-entity transactions: Balance at beginning of period (11.9 ) (11.9 ) (11.9 ) (11.8 ) Adjustment for the period — (0.3 ) — (0.4 ) Balance at end of period (2) (11.9 ) (12.2 ) (11.9 ) (12.2 ) Unrealized gains on investments: Balance at beginning of period — — — 0.1 Adjustment for the period — — — (0.1 ) Balance at end of period — — — — Unrealized losses on hedges: Balance at beginning of period — (0.8 ) — (0.8 ) Adjustment for the period — — — — Amounts reclassified to earnings, net — 0.8 — 0.8 Balance at end of period — — — — Pension and post-retirement plans: Balance at beginning of period (262.7 ) (277.6 ) (269.1 ) (274.4 ) Adoption of ASU 2018-02 (Note 2) — — (1.3 ) — Other comprehensive loss/(income) before reclassifications (1.8 ) 14.4 1.3 4.7 Amounts reclassified to earnings, net (3) 4.5 5.8 9.1 12.3 Balance at end of period (260.0 ) (257.4 ) (260.0 ) (257.4 ) Accumulated other comprehensive loss at end of period $ (514.8 ) $ (487.9 ) $ (514.8 ) $ (487.9 ) (1) Includes an accumulated loss of $14.8 million , net of taxes of $2.7 million as of June 30, 2019 and an accumulated loss of $18.5 million , net of taxes of $12.9 million , as of June 30, 2018 related to foreign currency gains and losses on Euro-denominated debt and foreign currency contracts designated and qualifying as partial hedges of a net investment. This includes the one-time adjustment of currency translation related to the adoption of ASU 2018-02 of $7.1 million disclosed above. (2) Relates to intra-entity foreign currency transactions that are of a long term investment nature, when the entities to the transaction are consolidated, combined or accounted for by the equity method in the Company's financial statements. (3) Consists of amortization of prior service cost and actuarial losses that are included as a component of pension and post-retirement expense within other non-operating expenses. The amounts reclassified to earnings are recorded net of tax of $1.9 million and $1.7 million for the three month periods ended June 30, 2019 and 2018 , respectively, and $3.6 million for both the six month periods ended June 30, 2019 and 2018

Inventory Inventory

Inventory Inventory	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventory	Inventories, net The components of inventories are as follows: (Amounts in millions) As of June 30, 2019 As of December 31, 2018 Finished products $ 162.9 $ 185.2 Products in process 13.9 15.3 Raw materials 158.2 137.1 Inventories, gross 335.0 337.6 Less: inventory allowances (18.5 ) (18.5 ) Inventories, net $ 316.5 $ 319.1 Inventory costs are primarily comprised of direct material and labor costs, as well as material overhead such as inbound freight and custom and excise duties.

Guaranteed Notes Receivable

Guaranteed Notes Receivable	6 Months Ended
	Jun. 30, 2019
Accounts Receivable Financing Facility [Abstract]
Guaranteed Notes Receivable	Guaranteed Notes Receivable The Company holds guaranteed notes receivable from reputable state owned and public enterprises in China that are settled through bankers acceptance drafts, which are registered and endorsed to the Company. These notes receivable are fully guaranteed by banks and generally have contractual maturities of six months or less, but the ultimate recourse remains against the trade debtor. These guaranteed drafts are available for discounting with banking institutions in China or transferring to suppliers to settle liabilities. The total amount of notes receivable discounted or transferred for the first six months of 2019 and 2018 were $ 122.6 million and $149.7 million , respectively. The expenses related to discounting were immaterial for the three and six months ended June 30, 2019 and 2018 . The fair value of these guaranteed notes receivable is determined based on Level 2 inputs including credit ratings and other criteria observable in the market and was equal to their carrying amounts of $ 40.2 million and $44.1 million as of June 30, 2019 and December 31, 2018 , respectively. The Company monitors the credit quality of both the drawers of the drafts and guarantors on a monthly basis by reviewing various factors such as payment history, level of state involvement in the institution, size, national importance as well as current economic conditions in China. Since the Company has not experienced any historical losses nor is expecting future credit losses based on a review of the various credit quality indicators described above, we have not established a loss provision against these receivables as of June 30, 2019 or December 31, 2018 .

Net Income Attributable to Comp

Net Income Attributable to Company per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Income Attributable to Company per Share	Net Income Attributable to Company per Share Basic net income attributable to Company per share has been computed using the weighted average number of common shares outstanding. The average number of outstanding shares of common stock used in computing diluted net income attributable to Company per share includes weighted average incremental shares when the impact is not anti-dilutive. The weighted average incremental shares represent the net amount of shares the Company would issue upon the assumed exercise of in-the-money stock options and vesting of restricted stock units (RSUs) and deferred stock units (DSUs) after assuming that the Company would use the proceeds from the exercise of options to repurchase stock. The weighted average incremental shares also includes the net amount of shares issuable for performance stock units (PSUs) at the end of the reporting period, if any, based on the number of shares issuable if the end of the period were the end of the vesting period. Anti-dilutive shares, if applicable, are excluded and represent those options, RSUs, DSUs and PSUs whose assumed proceeds were greater than the average price of the Company’s common stock. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Weighted average incremental shares included 105,410 134,833 116,949 158,529 Shares excluded due to anti-dilutive effect — 54,649 33,181 —

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Capital Stock	Capital Stock The following is a summary of the number of shares of common stock issued, treasury stock and common stock outstanding for the six month periods ended June 30, 2019 and 2018 : Six Months Ended June 30, 2019 2018 Total Shares Treasury Stock Net Shares Outstanding Total Shares Treasury Stock Net Shares Outstanding Balance at beginning of period 79,018,266 (27,653,341 ) 51,364,925 78,937,828 (25,202,342 ) 53,735,486 Shares issued upon exercise of stock options 10,689 16,609 27,298 9,465 11,459 20,924 Shares issued upon vesting of RSUs 41,163 6,226 47,389 32,948 8,326 41,274 Shares issued for DSUs 6,307 — 6,307 7,833 — 7,833 Shares issued upon vesting of PSUs 56,521 11,823 68,344 20,632 6,009 26,641 Shares purchased for treasury — (272,000 ) (272,000 ) — (929,000 ) (929,000 ) Balance at end of period 79,132,946 (27,890,683 ) 51,242,263 79,008,706 (26,105,548 ) 52,903,158 The Company accounts for purchases of treasury stock under the cost method with the costs of such share purchases reflected in treasury stock in the accompanying condensed consolidated balance sheets. Upon the exercise or vesting of an equity incentive award, the Company may reissue shares from treasury stock or may elect to issue new shares. When treasury shares are reissued, they are recorded at the average cost of the treasury shares acquired since the inception of the share buy back programs, net of shares previously reissued. Gains on the reissuance of treasury shares are recorded as capital surplus. Losses on the reissuance of treasury shares are charged to capital surplus to the extent of previous gains recorded, and to retained earnings for any losses in excess. The Company has reissued, on a cumulative basis, a total of 145,489 treasury shares related to certain employee vestings under its equity incentive program through June 30, 2019 . On December 7, 2018, the Board of Directors authorized the repurchase of shares of common stock for an amount of $600.0 million through December 31, 2020. As of June 30, 2019 the Company has purchased 272,000 shares for $30.6 million and has $569.4 million remaining under this repurchase authorization. The Company suspended its share repurchase program due to the pending Merger.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company records stock-based compensation expense in the condensed consolidated statements of operations for stock options and RSUs based on the grant date fair value, determined by the closing market price of the Company’s common stock on the date of grant. RSUs vest in equal annual installments over three years. As of June 30, 2019 , the stock option awards are fully vested. As part of its equity incentive program, the Company grants PSUs, the vesting of which would occur, if at all, and at levels that depend upon the achievement of three-year cumulative goals tied to earnings per share. The Company assesses the expected achievement levels at the end of each reporting period. The grant date fair value of the number of awards expected to vest based on the Company’s best estimate of ultimate performance against the respective targets is recognized as compensation expense on a straight-line basis over the requisite vesting period of the awards. As of June 30, 2019 , the Company believes it is probable that the performance conditions will be met and has recognized compensation expense accordingly. The Company also grants DSUs to its non-management directors as part of the equity portion of their annual retainer and are fully vested at grant. Each DSU provides the right to the issuance of a share of our common stock, within ten days after the earlier of the director’s death or disability, the 13-month anniversary of the grant date or the director’s separation from service. Each director may also elect within a month after the grant date to defer the receipt of shares for five or more years. No election can be made to accelerate the issuance of stock from a DSU. Total stock-based compensation cost recognized during the three and six month periods ended June 30, 2019 and 2018 was as follows: Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 Stock-based compensation $ 4.1 $ 6.8 $ 8.1 $ 11.2 The total number and type of awards granted during the periods presented and the related weighted-average grant-date fair values were as follows: Six Months Ended June 30, 2019 2018 Underlying Shares Weighted Average Grant Date Fair Value Underlying Shares Weighted Average Grant Date Fair Value RSUs Granted 67,119 $ 117.54 62,113 $ 139.23 PSUs Granted 67,119 $ 117.59 54,544 $ 140.71 DSUs Granted 6,174 $ 130.50 7,208 $ 127.77 Total Awards 140,412 123,865 The RSUs granted during the periods presented above have vesting terms as follow: Six Months Ended June 30, 2019 2018 Vest in equal annual installments over three years 67,119 60,022 Vest after three years — 2,091 Total RSUs granted 67,119 62,113

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt Schuldschein Loans On March 22, 2018 the Company, through a European subsidiary, entered into a series of six individual senior unsecured loan agreements with an aggregate principal amount of €300.0 million (collectively, the Schuldschein Loans), as follows : (Amounts in millions) Face value Coupon Maturity date Fixed rate term loan - Series A € 10.0 0.85% March 31, 2021 Fixed rate term loan - Series B 60.0 1.15% March 31, 2022 Fixed rate term loan - Series C 80.0 1.43% March 31, 2023 Floating rate term loan - Series A 50.0 6-month EURIBOR plus 80 bps March 31, 2021 Floating rate term loan - Series B 60.0 6-month EURIBOR plus 90 bps March 31, 2022 Floating rate term loan - Series C 40.0 6-month EURIBOR plus 100 bps March 31, 2023 € 300.0 The Company paid approximately €1.1 million of debt issuance costs in connection with the Schuldschein Loans, which has been presented in the condensed consolidated balance sheets as a direct reduction of the related debt liability. Interest under the fixed rate tranches is paid on March 31 of each year, and commenced on March 31, 2019. Interest under the floating rate tranches is paid semi-annually on March 31 and September 30 of each year, and commenced on September 30, 2018. As of June 30, 2019 , the outstanding debt balance net of unamortized debt issuance costs was €299.2 million ( $340.2 million at June 30, 2019 exchange rates) of which €100.0 million ( $113.7 million at June 30, 2019 exchange rates) was used for the recapitalization of affiliated entities. The remaining proceeds will be utilized to meet general financing requirements. Subject to certain conditions, the Company may, at its option, prepay all or any part of the Schuldschein Loans in an amount equal to the higher of the outstanding nominal amount of such loans (or the part of it) and the discounted value. The Schuldschein Loans contain customary affirmative and negative covenants, and financial covenants consisting of a consolidated net indebtedness to consolidated EBITDA (earnings before interest, taxes, depreciation and amortization adjusted for certain items) ratio of not more than three times at the end of each fiscal quarter based upon the preceding twelve consecutive months, as well as a consolidated EBITDA to consolidated net interest expense ratio of not less than three times at the end of each fiscal quarter based upon the preceding twelve consecutive months. The Company was in compliance with all of the covenants as of June 30, 2019 . Senior EUR Notes On November 15, 2016 , the Company issued an aggregate amount of €440 million of senior unsecured notes (collectively, the Senior EUR Notes) as follows: (Amounts in millions) Face value Coupon Maturity date Series D Notes € 190.0 0.84 % November 15, 2023 Series E Notes 80.0 1.20 % November 15, 2026 Series F Notes 170.0 1.36 % November 15, 2028 € 440.0 The Company paid approximately $1.4 million of debt issuance costs in connection with the Senior EUR Notes, which has been presented in the condensed consolidated balance sheets as a direct reduction of the related debt liability. Interest on the Senior EUR Notes is payable semi-annually on January 1 and July 1 of each year, and commenced on July 1, 2017. As of June 30, 2019 , the outstanding debt balance net of unamortized debt issuance costs was €439.1 million ( $499.2 million at June 30, 2019 exchange rates). This debt balance included a revaluation loss of $20.9 million , net of taxes of $7.5 million , that has been recognized in cumulative translation adjustment within accumulated other comprehensive income. See Note 4 for further discussion. The proceeds from the Senior EUR Notes were utilized to repay outstanding balances on our revolving credit facilities, fund our share repurchase program, finance acquisitions and meet general financing requirements. Subject to certain conditions, the Company may, at its option, prepay all or part of the Senior EUR Notes plus any accrued and unpaid interest to the date of prepayment and certain penalties as defined in the note purchase agreement (the EUR Note Purchase Agreement). The Company may also be required, subject to certain events and conditions, to make an offer to prepay all of the Senior EUR Notes including any accrued and unpaid interest to the date of prepayment. Each holder has the option to accept or reject such offer to prepay. The EUR Note Purchase Agreement contains customary affirmative and negative covenants, and financial covenants consisting of a consolidated net indebtedness to consolidated EBITDA ratio of not more than three times at the end of each fiscal quarter based upon the preceding twelve consecutive months, as well as a consolidated EBITDA to consolidated net interest expense ratio of not less than three times at the end of each fiscal quarter based upon the preceding twelve consecutive months. The EUR Note Purchase Agreement also provides for customary events of default, the occurrence of which could result in an acceleration of the Company's obligations under the EUR Note Purchase Agreement. The Company was in compliance with all of the covenants as of June 30, 2019 . The Company also agreed to indemnify the note purchasers holding Senior EUR Notes that are subject to a swap agreement for certain potential losses associated with swap breakage resulting from a prepayment of the Senior EUR Notes or from an acceleration of the Senior EUR Notes as a result of an event of default. Senior USD Notes On June 25, 2015, the Company issued an aggregate amount of $500.0 million of senior unsecured notes (the Senior USD Notes). On April 30, 2018, the Company prepaid the outstanding principal amount of $500.0 million on the Senior USD Notes, and recognized a loss on debt extinguishment of $2.3 million net of taxes, of which the pretax amount, $2.6 million , was included in other non-operating expenses in the condensed consolidated statement of operations. Revolving Credit Facilities Effective June 28, 2018, the Company amended its existing multi–currency unsecured revolving credit facility, increasing the maximum principal amount of borrowings under the facility from $400 million (the 2015 Facility) to $600 million (the 2018 Facility), with an option to increase up to an additional $250 million . The 2018 Facility also extended the previously scheduled maturity date of September 30, 2022 for the 2015 Facility to June 28, 2023, subject to two one –year extension options, of which the first one was exercised on May 28, 2019, extending the maturity date by one year to June 28, 2024. Concurrent with entering into the 2018 Facility, the Company also terminated the $100 million multi-currency five -year unsecured revolving credit facility (the 2014 Facility) that was due to expire on December 17, 2019. On the effective date of the 2018 Facility, the Company repaid the outstanding balance of €104.0 million and €52.0 million under the 2015 Facility and 2014 Facility and commenced borrowing under the 2018 Facility. Under the 2018 Facility, the Company may borrow, on a revolving basis, outstanding loans in an aggregate principal amount at any one time not in excess of $600 million and the 2018 Facility also provides for up to $50 million for standby letters of credit and swing line loans. At June 30, 2019 , there was €15.0 million ( $17.1 million at June 30, 2019 exchange rates) outstanding under the 2018 Facility and there were no outstanding letters of credit or swing line loans. There were no borrowings, letters of credit or swing line loans outstanding as of December 31, 2018 . The proceeds from borrowings under the 2018 Facility are available to fund acquisitions, provide working capital and for other general corporate purposes. Interest on loans under the 2018 Facility is calculated at a rate per annum equal to an applicable margin which can vary from 0.30% to 0.85% based on the Company's leverage ratio plus LIBOR for loans denominated in U.S. Dollars and EURIBOR for loans denominated in Euros (SIBOR for loans denominated in Singapore Dollars and HIBOR for loans denominated in Hong Kong Dollars). The 2018 Facility contains terms and provisions (including representations, covenants and conditions) customary for transactions of this type. Financial covenants include a leverage test (consolidated net indebtedness not to exceed three times adjusted four quarter trailing consolidated EBITDA) and a maximum subsidiary indebtedness test. The maximum subsidiary indebtedness test limits the total aggregate amount of indebtedness of the Company's subsidiaries, excluding indebtedness under the 2018 Facility, to 20 percent of consolidated total assets as at the end of the most recently ended financial year, of which not more than $150 million may be secured, provided however that the Company may incur additional subsidiary indebtedness subject to, inter alia, providing additional corporate guarantees. Other undertakings and covenants include delivery of financial reports and other information, compliance with laws including environmental laws and permits, the Employee Retirement Income Security Act (ERISA) and U.S. regulations, the Foreign Account Tax Compliance Act (FATCA), sanctions-related obligations, negative pledge, limitations on mergers and sales of assets, change of business and use of proceeds. We were in compliance with all of the covenants as of June 30, 2019 . Other Debt As of June 30, 2019 , the Company's various subsidiaries had additional borrowings from banks totaling $1.7 million , of which $0.3 million was classified as long-term debt. The remaining $ 1.4 million supports local working capital requirements. This is in comparison to $0.5 million as of December 31, 2018 which was fully classified as long-term debt.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases The Company has operating leases for warehouses, corporate offices, cars, forklifts and certain equipment. On January 1, 2019, the Company adopted the accounting and transition guidance in ASC 842 for its operating leases resulting in the recognition of operating lease right-of-use (ROU) assets and lease liabilities on the effective date. The Company measures ROU assets throughout the lease term at the carrying amount of the lease liability, plus initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received. The lease liabilities are measured at the present value of the unpaid lease payments at the lease commencement date. Leases that include both lease and non-lease components are accounted for as a single lease component for each asset class. The minimum payments under operating leases are recognized on a straight-line basis over the lease term in the condensed consolidated statements of operations. Operating lease expenses related to variable lease payments are recognized in cost of sales or as operating expenses in a manner consistent with the nature of the underlying lease and as the events, activities, or circumstances in the lease agreement occur. Leases with a term of less than 12 months are not recognized on the condensed consolidated balance sheets and the related lease expenses are recognized in the condensed consolidated statements of operations on a straight-line basis over the lease term and are recorded as operating expenses. The accounting for leases requires management to exercise judgment and make estimates in determining the applicable discount rate, lease term and payments due under a lease. If a lease does not provide an implicit rate, the Company uses the incremental borrowing rate to determine the present value of future lease payments. The incremental borrowing rate is applied to leases on a portfolio basis and is determined from a rate for borrowings with a term equal to one-half the total lease term and an amount equal to the total minimum lease payments. A Euro (EUR) and United States Dollar (USD) quote are used because these currencies represent the majority of the lease population. The lease term includes the non-cancellable period of the lease plus any additional periods covered by either an option to extend (or not terminate) that the Company is reasonably certain to exercise, or an option to extend (or not to terminate) a lease controlled by the lessor. The Company has leases with a lease term ranging from 1 year to 15 years . Lease payments are generally comprised of fixed payments including in-substance fixed payments, payments that depend on an index or rate, any amounts payable under residual value guarantees, as well as any exercise price for a Company option to purchase the underlying asset if it is reasonably certain the Company will exercise the option. The Company generally does not provide residual value guarantees. The operating leases of the Company do not contain major restrictions or covenants such as those relating to dividends or additional financial obligations. Finance leases and income related to subleasing are immaterial to the condensed consolidated financial statements. There were no lease transactions with related parties as of June 30, 2019 . The operating lease expense for the three and six months ended June 30, 2019 was $7.8 million and $15.6 million , respectively. Lease expenses related to variable lease payments and short term leases were immaterial. Other information related to operating leases is as follows: Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2019 Operating Lease Expense Cash paid for amounts included in the measurement of lease liabilities $ 7.7 $ 15.4 ROU assets obtained in exchange for new lease liabilities $ 3.5 $ 15.5 Weighted-average remaining lease term (in years) 6.5 6.5 Weighted-average discount rate 1.6 % 1.6 % Future minimum lease payments under non-cancellable operating leases as of June 30, 2019 were as follows: (Amount in millions) 2019 (excluding six months ended June 30, 2019) $ 15.2 2020 27.8 2021 18.8 2022 15.1 2023 11.4 Thereafter 31.1 Total lease payments 119.4 Less: imputed interest 7.8 Total $ 111.6 Amounts recognized in the condensed consolidated balance sheet: Current liabilities, included in other accrued liabilities $ 28.0 Long-term liabilities, as operating lease liabilities $ 83.6

Warranties, Guarantees, Commitm

Warranties, Guarantees, Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Warranties, Guarantees, Commitments and Contingencies [Abstract]
Warranties, Guarantees, Commitments and Contingencies	Warranties, Guarantees, Commitments and Contingencies Warranties Products sold by the Company are covered by a basic limited warranty with terms and conditions that vary depending upon the product and country in which it was sold. The limited warranty covers the equipment, parts and labor (in certain cases) necessary to satisfy the warranty obligation generally for a period of two years. Estimated product warranty expenses are accrued in cost of goods sold at the time the related sale is recognized. Estimates of warranty expenses are based primarily on warranty claims experience and specific customer contracts. Warranty expenses include accruals for basic warranties for product sold, as well as accruals for product recalls, service campaigns and other related events when they are known and estimable. Recoveries from suppliers are recognized when an arrangement with the supplier exists and collectibility is assured. Amounts recognized as recoveries do not exceed related warranty costs accrued. To the extent the Company experiences changes in warranty claim activity or costs associated with servicing those claims, its warranty accrual is adjusted accordingly. Warranty accrual estimates and the allocation of warranty between short and long term are updated based upon the most current warranty claims information available. The following is a summary of changes in the Company’s product warranty liability for the three and six month periods ended June 30, 2019 and 2018 . Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 Balance of warranty costs accrued, beginning of period $ 46.6 $ 53.8 $ 43.7 $ 50.9 Warranty costs accrued 6.6 9.7 16.9 20.9 Warranty claims settled (8.6 ) (6.9 ) (15.6 ) (16.5 ) Foreign exchange translation effects 0.3 (2.7 ) (0.1 ) (1.4 ) Balance of warranty costs accrued, end of period $ 44.9 $ 53.9 $ 44.9 $ 53.9 Current liability, disclosed as current portion of warranties $ 24.5 $ 33.4 $ 24.5 $ 33.4 Long-term liability, included in other liabilities $ 20.4 $ 20.5 $ 20.4 $ 20.5 Warranty costs accrued $ 6.6 $ 9.7 $ 16.9 $ 20.9 Less: received and anticipated recoveries from suppliers — (0.1 ) — (0.3 ) Warranty costs net of received and anticipated recoveries $ 6.6 $ 9.6 $ 16.9 $ 20.6 Guarantees and Commitments The Company has uncollateralized bank guarantees for $28.9 million , of which $17.7 million is related to statutorily-required guarantees for tax and other litigation, $3.0 million is related to letters of credit, and $8.2 million is related to other individually immaterial items. Right of Recourse As discussed in Note 6, the Company may receive bank acceptance drafts from customers in China in payment of outstanding accounts receivable in the ordinary course of business. These bank acceptance drafts are non-interest bearing obligations of the issuing bank and generally have contractual maturities of six months or less. The Company may use these banker's acceptance drafts prior to the scheduled maturity date to settle outstanding accounts payable with vendors. Bank acceptance drafts transferred to vendors are subject to customary right of recourse provisions prior to their scheduled maturity date. As of June 30, 2019 and December 31, 2018 , the Company had approximately $17.7 million and $28.2 million , respectively, of bankers acceptance drafts subject to customary right of recourse provisions, which were transferred to vendors and had not reached their scheduled maturity date. Historically, the bankers acceptance drafts have settled upon maturity without any claim of recourse against the Company. Contingencies We are subject to proceedings, lawsuits and other claims related to products and other matters. We are required to assess the likelihood of any adverse judgments or outcomes to these matters as well as potential ranges of probable and reasonably possible losses. A determination of the amount of liability to be recorded, if any, for these contingencies is made after careful analysis of each individual issue. Under an indemnification agreement, WABCO Brazil is responsible for certain claims related to Trane's (formerly called American Standard) business for periods prior to the Company's spin-off from Trane in 2007. In particular, there are tax claims pending in various stages of the Brazilian legal process related to income, social contribution and/or value added taxes for which a contingency exists and which may or may not ultimately be incurred by the Company. As previously disclosed, this includes one particular case for which an accrual of BRL 38.9 million including interest ( $10.1 million based on June 30, 2019 exchange rates) was recorded based on management's assessment after considering advice of external legal counsel with respect to the likelihood of loss in this case. A corresponding deposit was made in the first quarter of 2017 into an escrow account with the Brazilian government, representing substantially all of the potential liability for the case. In March 2018, our appeal to have this case heard at the Brazilian Superior Court of Justice (the Court) was accepted. The Court subsequently heard the case and rejected our position ultimately ruling in favor of the tax authorities during the first quarter of 2018. There will be no further appeals. Accordingly, management expects this case to be closed by the Brazilian authorities within the next twelve months and has classified the accrual and deposit within other current liabilities and other current assets, respectively, as of June 30, 2019 . The estimated total amount of other remaining contingencies for tax claims under the indemnification agreement as of June 30, 2019 was $16.9 million including interest. However, based on management’s assessment following advice of our external legal counsel, the Company believes that it has valid arguments in all of these cases and thus no accrual is required at this time. Merger Litigation Following the announcement of the execution of the Merger Agreement, two putative class action complaints and two individual complaints were filed against the Company and the Board of Directors. On April 23, 2019, the first putative class action complaint was filed against the Company and the Board of Directors in the United States District Court for the District of Delaware under the caption Collier v. WABCO Holdings Inc., et al. , No. 1:19-cv-00729 (D. Del.). On April 24, 2019, the second putative class action complaint was filed against the Company and the Board of Directors in the United States District Court for the District of Delaware under the caption Kent v. WABCO Holdings Inc., et al. , No. 1:19-cv-00735 (D. Del.). On April 29, 2019, a third complaint was filed against the Company and the Board of Directors in the United States District Court for the District of Delaware under the caption Stein v. WABCO Holdings Inc., et al. , No. 1:19-cv-00782 (D. Del.). On May 2, 2019, a fourth complaint was filed against the Company and the Board of Directors in the United States District Court for the District of Delaware under the caption Kengchoon v. WABCO Holdings Inc., et al. , No. 1:19-cv-00816 (D. Del.). The complaints allege violations of federal securities laws and regulations due to allegedly material and misleading statements and omissions in the preliminary proxy statement filed in connection with the Merger, including with respect to the financial analyses of the Company’s financial advisors and financial projections prepared by the Company’s management. The complaints sought to enjoin the special meeting and seek to enjoin the closing, as well as damages, costs and attorneys’ fees. The defendants believe that the lawsuits are without merit and the defendants specifically deny all allegations that any supplemental disclosure was or is required. However, to moot certain of plaintiffs’ disclosure claims in the lawsuits, to avoid nuisance, potential expense and delay and to provide additional information to WABCO’s shareholders, on June 17, 2019, WABCO voluntarily supplemented its definitive proxy statement by publicly filing additional disclosures. The Merger Agreement was adopted by WABCO’s shareholders at the June 27, 2019 special meeting of shareholders.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense is the net result of taxes on the mix of earnings in multiple tax jurisdictions, foreign tax credits and rulings, the assessment and accrual of uncertain tax positions resulting from tax authority audits or changes in the interpretation of the law. For interim income tax reporting, we estimate our annual effective tax rate and apply it to our year-to-date ordinary income (loss). Tax jurisdictions with a projected or year-to-date loss for which a tax benefit cannot be realized are excluded. The tax effects of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, are reported in the interim period in which they occur. The income tax expense was $20.9 million and $33.0 million on pretax income of $95.6 million and $195.4 million before adjusting for noncontrolling interest for the three and six months ended June 30, 2019 , and $23.5 million and $49.9 million on pretax income of $132.8 million and $265.8 million before adjusting for noncontrolling interest for the three and six months ended June 30, 2018 . The change in income tax expense for the three month period is primarily the result of lower pre-tax income in 2019 and discrete tax benefits during the second quarter of 2018 related to changes in uncertain tax positions and return to provision adjustments. The change in income tax expense for the six month period is primarily the result of lower pre-tax income in 2019 and discrete tax benefits for the six month period in 2019 in excess of the same period in 2018. The most significant discrete tax benefit in the six month period ended June 30, 2019 was a $6.5 million tax benefit related to a change in a permanent reinvestment assertion with respect to WABCO INDIA. On February 14, 2019, the General Court of the European Union (the General Court) issued a judgment annulling a European Commission decision which had previously declared the Belgium Excess Profit Ruling (EPR) regime as illegal and incompatible with European State Aid law. The General Court ruled that the European Commission had wrongly considered that the Belgian provisions allowing tax exemptions of multinational companies’ excess profit granted by means of rulings could constitute an illegal state aid scheme. On April 24, 2019, the European Commission appealed that decision. The European Commission still has the possibility to take an individual State Aid decision against each company that benefited from the EPR regime. At June 30, 2019 , the Company maintained a tax reserve of $31.1 million pending further European Court developments regarding European State Aid cases. Unrecognized tax benefits at June 30, 2019 , including the $31.1 million of EPR clawback, amounted to $38.5 million , of which $33.1 million has been offset against deferred tax assets. The remaining unrecognized tax benefits of $5.4 million were classified as either a short-term or long-term liability depending on the expected timing of the resolution. The Company recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense. In February 2018, the Company received a final tax and interest assessment in India for the 2013 tax year related to a capital gain on an intercompany transfer of an Indian subsidiary. The assessment was for INR 3.5 billion ( $51.3 million at June 30, 2019 exchange rates). In addition, a penalty assessment was issued in March of 2018 for INR 2.1 billion ( $31.1 million at June 30, 2019 exchange rates). The Company believes that no tax is due under the relevant double tax treaty between the Netherlands and India and therefore no amount has been accrued. The Company appealed both the tax and penalty assessments during March 2018. In May 2018, the Commissioner of Income Tax granted a partial stay of demand requiring the Company to pay 15% of the assessment (INR 531.4 million , $7.7 million at June 30, 2019 exchange rates). On March 31, 2019, the partial stay expired. The Commissioner of Income Tax directed the tax authority to recover an additional 5% percent of the assessment or INR 175.0 million ( $2.5 million at June 30, 2019 exchange rates) and granted a further stay pending resolution of the appeal. As of June 30, 2019 , the Company has deposited installments totaling INR 531.4 million ( $7.7 million at June 30, 2019 exchange rates) for the original partial stay of demand and an additional INR 100.0 million ( $1.4 million at June 30, 2019 exchange rates) for the subsequent request for payment. The Company has requested a payment plan for the remainder of the INR 175.0 million ( $2.5 million at June 30, 2019 exchange rates) additional assessment. The assessed penalty has been held in abeyance pending the appeal. As described in Note 2, the Company adopted the provisions of ASU 2018–02 as of January 1, 2019 which was applicable to deferred taxes on pension obligations and unrealized foreign currency losses on net investment hedges that had been previously recognized in other comprehensive income. This resulted in the reclassification of $8.4 million from accumulated other comprehensive income to retained earnings, representing the stranded tax. The Company’s policy is to follow the portfolio approach for releasing income tax effects recorded in AOCI.

Streamlining Expenses

Streamlining Expenses	6 Months Ended
	Jun. 30, 2019
Restructuring Charges [Abstract]
Streamlining Expenses	Streamlining Expenses The Company accounts for employee-related streamlining charges as either a one-time benefit arrangement or an ongoing benefit arrangement as appropriate under the applicable accounting guidance. From time to time the Company also has streamlining charges that are not related to employees, such as facility exit costs. In the third quarter of 2015, the Company announced proposals to cease manufacturing at two production facilities to preserve the Company's global competitiveness for certain mechanical products. These proposals resulted in a workforce reduction of 316 positions and includes a smaller program initiated in the fourth quarter of 2014 (the 2014/2015 Program). As of June 30, 2019 , production at both facilities has been transferred to other facilities within the Company's globally integrated supply chain. The cumulative costs incurred as of June 30, 2019 related to the 2014/2015 Program was $65.5 million , which approximates the total expected costs to be incurred under this program. Based on the Company’s efforts to maintain our global footprint, the Company has periodically entered into other streamlining programs as deemed necessary which may include workforce reductions, site closures and rotation of manufacturing footprint to low cost regions (Other Programs). In 2019 streamlining costs incurred for Other Programs related to the relocation of corporate functions to the new global headquarters, headcount reductions and the transfer of certain product lines and business processes to best cost countries. The following is a summary of changes in the Company’s streamlining program liabilities for the three and six month periods ended June 30, 2019 and 2018 . Three Months Ended June 30, Six Months Ended June 30, (Amounts in millions) 2019 2018 2019 2018 Balance at beginning of period $ 23.9 $ 36.8 $ 26.4 $ 43.7 Charges 0.2 0.6 6.1 0.3 Payments (5.4 ) (5.9 ) (13.4 ) (13.7 ) Foreign exchange effects 0.2 (1.9 ) (0.2 ) (0.7 ) Balance at end of period (1) $ 18.9 $ 29.6 $ 18.9 $ 29.6 Current liabilities, included in other accrued liabilities $ 7.9 $ 16.9 $ 7.9 $ 16.9 Long-term liability, included in other liabilities $ 11.0 $ 12.7 $ 11.0 $ 12.7 (1) Includes $3.9 million and $8.5 million related to the 2014/2015 Program as of June 30, 2019 and 2018 respectively. A summary of the streamlining costs related to the above programs is as follows: Three Months Ended June 30, Six Months Ended June 30, (Amounts in millions) 2019 2018 2019 2018 Employee-related charges – cost of sales $ 1.0 $ (0.1 ) $ 2.8 $ (0.1 ) Employee-related charges – selling and administrative (0.6 ) 0.6 3.5 0.2 Other streamlining charges (0.2 ) 0.1 (0.2 ) 0.2 Total streamlining costs $ 0.2 $ 0.6 $ 6.1 $ 0.3 For the three month period ended June 30, 2019 , streamlining costs recorded were immaterial. For the six month period ended June 30, 2019 , the Company recorded $5.8 million related to headcount reductions and footprint relocation and $0.3 million related to the 2014/2015 Program. Streamlining expenses recorded for each component were individually immaterial for the three and six month periods ended June 30, 2018

Pension and Post-retirement Ben

Pension and Post-retirement Benefits	6 Months Ended
	Jun. 30, 2019
Retirement Benefits, Description [Abstract]
Pension and Post-retirement Benefits	Post-retirement Benefits Post-retirement pension, health and life insurance costs had the following components for the three and six month periods ended June 30, 2019 and 2018 : Three Months Ended June 30, 2019 2018 (Amounts in millions) Pension Benefits Health & Life Ins. Benefits Pension Benefits Health & Life Ins. Benefits Service cost-benefits earned during period $ 7.0 $ 0.2 $ 6.3 $ 0.2 Interest cost on the projected benefit obligation 4.1 0.1 4.1 0.1 Less: expected return on plan assets (1.2 ) — (1.3 ) — Amortization of prior service cost 0.1 — — — Amortization of net loss 5.9 0.1 6.2 0.1 Pension and post-retirement benefit plan cost $ 15.9 $ 0.4 $ 15.3 $ 0.4 Six Months Ended June 30, 2019 2018 (Amounts in millions) Pension Benefits Health & Life Ins. Benefits Pension Benefits Health & Life Ins. Benefits Service cost-benefits earned during period $ 13.6 $ 0.4 $ 13.1 $ 0.4 Interest cost on the projected benefit obligation 8.4 0.2 8.3 0.2 Less: expected return on plan assets (2.4 ) — (2.6 ) — Amortization of prior service cost 0.3 — — — Amortization of net loss 12.2 0.2 12.5 0.2 Pension and post-retirement benefit plan cost $ 32.1 $ 0.8 $ 31.3 $ 0.8 The weighted-average expected rates of return on plan assets used to determine the pension and post-retirement benefit plan cost for the three and six month periods ended June 30, 2019 and 2018 were based on the rates determined as of the beginning of each of the fiscal years of 2.40% and 2.75% , respectively. The Company makes contributions to funded pension plans that, at a minimum, meet all statutory funding requirements. Contributions in 2019 , as well as payments of benefits incurred by unfunded plans, were in line with the expectations for 2019 and also in line with the contributions made during 2018 . Pension and post-retirement benefit plan cost is included in cost of sales, selling and administrative expenses and non-operating expenses on the condensed consolidated statements of operations.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities ASC 815, Derivatives and Hedging , requires a company to recognize all of its derivative instruments as either assets or liabilities on the balance sheet at fair value. The accounting for changes in the fair value of a derivative instrument depends on whether it qualifies and has been designated as a hedge for accounting purpose. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument based upon the exposure being hedged as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation. The Company recognizes all derivative financial instruments in the condensed consolidated balance sheet at fair value using Level 2 inputs and these are classified as other current assets, other assets, other accrued liabilities or other liabilities on the condensed consolidated balance sheets. The impact resulting from changes in the fair value of derivative instruments is recorded in the same line item in the condensed consolidated statements of operations as the underlying exposure being hedged or in accumulated other comprehensive income (AOCI) for derivatives that qualify and have been designated as cash flow hedges or hedges of a net investment in a foreign operation. Any ineffective portion of a financial instrument's change in fair value is recognized in earnings together with changes in the fair value of any derivatives not designated as relationship hedges. Net Investment Hedges The Company designated borrowings under its revolving credit facilities and Senior EUR Notes to partially hedge the foreign currency exposure of its net investment in certain Euro-denominated wholly-owned subsidiaries. As of June 30, 2019 and December 31, 2018 , the Company designated Euro-denominated loans of €455.0 million (approximately $517.3 million at June 30, 2019 exchange rate) and €440.0 million (approximately $503.6 million at December 31, 2018 exchange rate) as hedges of its net investment in these subsidiaries. For the three month periods ended June 30, 2019 and 2018 , the Company recorded a loss of $5.1 million , net of taxes of $1.4 million , and a gain of $31.5 million , net of taxes of $8.9 million , respectively, in cumulative translation adjustment within AOCI. For the six month periods ended June 30, 2019 and 2018 , the Company recorded a gain of $3.1 million , net of taxes of $0.9 million , and a gain of $9.1 million , net of taxes of $2.5 million , respectively, in cumulative translation adjustment within AOCI. Derivatives Not Designated as Hedges Foreign exchange contracts are also used by the Company to offset the earnings impact relating to the variability in exchange rates on certain assets and liabilities denominated in non-functional currencies and have not been designated as relationship hedges. As of June 30, 2019 and December 31, 2018 , the Company had the following outstanding notional amounts related to foreign currency forward contracts: (Amounts in millions) As of June 30, 2019 As of December 31, 2018 Foreign Currency Unit of Measure Hedged against Quantity Hedged Notional Amount (USD Equivalent) Quantity Hedged Notional Amount (USD Equivalent) Chinese Yuan CNY EUR 852.0 123.9 849.0 123.4 Hong Kong Dollar HKD EUR 285.0 36.4 285.0 36.4 British Pound GBP EUR 5.9 7.5 11.7 14.9 Polish Zloty PLN EUR 85.0 22.7 * * * No significant outstanding foreign currency forward contracts The Company had additional foreign currency forward contracts with notional amounts that individually amounted to less than $10 million . As of June 30, 2019 and December 31, 2018 , forward contracts for an aggregate notional amount of € 184.5 million ($ 209.8 million at June 30, 2019 exchange rates) and € 170.2 million ($ 194.8 million at December 31, 2018 exchange rates), respectively, were outstanding with average durations of less than one month. The majority of these exchange contracts were entered into on June 27, 2019 and December 27, 2018 , respectively. These foreign exchange contracts have offset the revaluation of assets and liabilities. The Company recognized a non-operating gain of $2.3 million and $0.9 million for the six months ended June 30, 2019 and 2018 , respectively. The fair value of these derivatives was immaterial at June 30, 2019 and at December 31, 2018 .

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018 were as follow: As of June 30, 2019 (Amounts in millions) Level 1 Level 2 Level 3 Total Short-term and other investments (a) $ — $ 152.5 $ — $ 152.5 As of December 31, 2018 (Amounts in millions) Level 1 Level 2 Level 3 Total Short-term and other investments (a) $ — $ 209.4 $ — $ 209.4 Foreign currency derivative assets (b) — 0.6 — 0.6 (a) Short-term and other investments consist of mutual funds or deposit funds holding primarily term deposits, certificates of deposit and short-term bonds. The Company considers highly liquid investments with maturities of three months or less when purchased to be cash and cash equivalents. The fair value of short-term and other investments is determined based on pricing sources for identical instruments in less active markets. The unrealized gains and losses on short–term and other investments still held at the reporting date were immaterial for the three and six -month periods ended June 30, 2019 and 2018 . (b) Fair value of derivative instruments determined based on Level 2 inputs including credit ratings and other criteria observable in the market. Other Fair Value Disclosures As of June 30, 2019 and December 31, 2018 , the carrying amount of the Company's investments in repurchase agreements, guaranteed notes receivable and long-term debt were determined to approximate their fair values based on Level 2 inputs. The Company also had non-marketable equity securities that do not have readily determinable fair values, the carrying amount of which amounted to $25.4 million as of June 30, 2019 and December 31, 2018 .

Revenue from Contracts with C_2

Revenue from Contracts with Customer (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents product sales disaggregated by end-market: Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 OEM $ 692.8 $ 761.4 $ 1,396.4 $ 1,522.3 Aftermarket 220.0 239.8 449.2 482.3 Total sales $ 912.8 $ 1,001.2 $ 1,845.6 $ 2,004.6 The following table presents product sales disaggregated by geography, based on the billing addresses of customers: Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 United States $ 219.1 $ 224.3 $ 434.6 $ 430.3 Europe 434.3 489.4 896.2 990.8 Other (1) 259.4 287.5 514.8 583.5 Total sales $ 912.8 $ 1,001.2 $ 1,845.6 $ 2,004.6 (1) Sales to other regions includes revenues primarily from Japan, China, Brazil and India.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The table below presents the changes in accumulated other comprehensive loss for the three and six month periods ended June 30, 2019 and 2018 . Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 Foreign currency translation adjustments : Balance at beginning of period $ (235.7 ) $ (152.8 ) $ (243.0 ) $ (177.6 ) Adoption of ASU 2018-02 (Note 2) — — (7.1 ) — Adjustment for the period (7.2 ) (65.5 ) 7.2 (40.7 ) Balance at end of period (1) (242.9 ) (218.3 ) (242.9 ) (218.3 ) Losses on intra-entity transactions: Balance at beginning of period (11.9 ) (11.9 ) (11.9 ) (11.8 ) Adjustment for the period — (0.3 ) — (0.4 ) Balance at end of period (2) (11.9 ) (12.2 ) (11.9 ) (12.2 ) Unrealized gains on investments: Balance at beginning of period — — — 0.1 Adjustment for the period — — — (0.1 ) Balance at end of period — — — — Unrealized losses on hedges: Balance at beginning of period — (0.8 ) — (0.8 ) Adjustment for the period — — — — Amounts reclassified to earnings, net — 0.8 — 0.8 Balance at end of period — — — — Pension and post-retirement plans: Balance at beginning of period (262.7 ) (277.6 ) (269.1 ) (274.4 ) Adoption of ASU 2018-02 (Note 2) — — (1.3 ) — Other comprehensive loss/(income) before reclassifications (1.8 ) 14.4 1.3 4.7 Amounts reclassified to earnings, net (3) 4.5 5.8 9.1 12.3 Balance at end of period (260.0 ) (257.4 ) (260.0 ) (257.4 ) Accumulated other comprehensive loss at end of period $ (514.8 ) $ (487.9 ) $ (514.8 ) $ (487.9 ) (1) Includes an accumulated loss of $14.8 million , net of taxes of $2.7 million as of June 30, 2019 and an accumulated loss of $18.5 million , net of taxes of $12.9 million , as of June 30, 2018 related to foreign currency gains and losses on Euro-denominated debt and foreign currency contracts designated and qualifying as partial hedges of a net investment. This includes the one-time adjustment of currency translation related to the adoption of ASU 2018-02 of $7.1 million disclosed above. (2) Relates to intra-entity foreign currency transactions that are of a long term investment nature, when the entities to the transaction are consolidated, combined or accounted for by the equity method in the Company's financial statements. (3) Consists of amortization of prior service cost and actuarial losses that are included as a component of pension and post-retirement expense within other non-operating expenses. The amounts reclassified to earnings are recorded net of tax of $1.9 million and $1.7 million for the three month periods ended June 30, 2019 and 2018 , respectively, and $3.6 million for both the six month periods ended June 30, 2019 and 2018

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Components of Inventory	The components of inventories are as follows: (Amounts in millions) As of June 30, 2019 As of December 31, 2018 Finished products $ 162.9 $ 185.2 Products in process 13.9 15.3 Raw materials 158.2 137.1 Inventories, gross 335.0 337.6 Less: inventory allowances (18.5 ) (18.5 ) Inventories, net $ 316.5 $ 319.1

Net Income Attributable to Co_2

Net Income Attributable to Company per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	A

Capital Stock (Tables)

Capital Stock (Tables)	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Schedule of Net Shares Outstanding and Shares Issued or Reacquired	six month periods ended June 30, 2019 and 2018 : Six Months Ended June 30, 2019 2018 Total Shares Treasury Stock Net Shares Outstanding Total Shares Treasury Stock Net Shares Outstanding Balance at beginning of period 79,018,266 (27,653,341 ) 51,364,925 78,937,828 (25,202,342 ) 53,735,486 Shares issued upon exercise of stock options 10,689 16,609 27,298 9,465 11,459 20,924 Shares issued upon vesting of RSUs 41,163 6,226 47,389 32,948 8,326 41,274 Shares issued for DSUs 6,307 — 6,307 7,833 — 7,833 Shares issued upon vesting of PSUs 56,521 11,823 68,344 20,632 6,009 26,641 Shares purchased for treasury — (272,000 ) (272,000 ) — (929,000 ) (929,000 ) Balance at end of period 79,132,946 (27,890,683 ) 51,242,263 79,008,706 (26,105,548 ) 52,903,158

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Total Stock-Based Compensation Cost Recognized During Period	Total stock-based compensation cost recognized during the three and six month periods ended June 30, 2019 and 2018 was as follows: Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 Stock-based compensation $ 4.1 $ 6.8 $ 8.1 $ 11.2
Total Number and Type of Awards Granted and Related Weighted-Average Grant Date Fair Values	The total number and type of awards granted during the periods presented and the related weighted-average grant-date fair values were as follows: Six Months Ended June 30, 2019 2018 Underlying Shares Weighted Average Grant Date Fair Value Underlying Shares Weighted Average Grant Date Fair Value RSUs Granted 67,119 $ 117.54 62,113 $ 139.23 PSUs Granted 67,119 $ 117.59 54,544 $ 140.71 DSUs Granted 6,174 $ 130.50 7,208 $ 127.77 Total Awards 140,412 123,865
Vesting Terms of Restricted Stock Units	The RSUs granted during the periods presented above have vesting terms as follow: Six Months Ended June 30, 2019 2018 Vest in equal annual installments over three years 67,119 60,022 Vest after three years — 2,091 Total RSUs granted 67,119 62,113

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Senior Unsecured Loan Agreements	On March 22, 2018 the Company, through a European subsidiary, entered into a series of six individual senior unsecured loan agreements with an aggregate principal amount of €300.0 million (collectively, the Schuldschein Loans), as follows : (Amounts in millions) Face value Coupon Maturity date Fixed rate term loan - Series A € 10.0 0.85% March 31, 2021 Fixed rate term loan - Series B 60.0 1.15% March 31, 2022 Fixed rate term loan - Series C 80.0 1.43% March 31, 2023 Floating rate term loan - Series A 50.0 6-month EURIBOR plus 80 bps March 31, 2021 Floating rate term loan - Series B 60.0 6-month EURIBOR plus 90 bps March 31, 2022 Floating rate term loan - Series C 40.0 6-month EURIBOR plus 100 bps March 31, 2023 € 300.0 On November 15, 2016 , the Company issued an aggregate amount of €440 million of senior unsecured notes (collectively, the Senior EUR Notes) as follows: (Amounts in millions) Face value Coupon Maturity date Series D Notes € 190.0 0.84 % November 15, 2023 Series E Notes 80.0 1.20 % November 15, 2026 Series F Notes 170.0 1.36 % November 15, 2028 € 440.0

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lease, Cost	The operating lease expense for the three and six months ended June 30, 2019 was $7.8 million and $15.6 million , respectively. Lease expenses related to variable lease payments and short term leases were immaterial. Other information related to operating leases is as follows: Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2019 Operating Lease Expense Cash paid for amounts included in the measurement of lease liabilities $ 7.7 $ 15.4 ROU assets obtained in exchange for new lease liabilities $ 3.5 $ 15.5 Weighted-average remaining lease term (in years) 6.5 6.5 Weighted-average discount rate 1.6 % 1.6 %
Lessee, Operating Lease, Liability, Maturity	Future minimum lease payments under non-cancellable operating leases as of June 30, 2019 were as follows: (Amount in millions) 2019 (excluding six months ended June 30, 2019) $ 15.2 2020 27.8 2021 18.8 2022 15.1 2023 11.4 Thereafter 31.1 Total lease payments 119.4 Less: imputed interest 7.8 Total $ 111.6 Amounts recognized in the condensed consolidated balance sheet: Current liabilities, included in other accrued liabilities $ 28.0 Long-term liabilities, as operating lease liabilities $ 83.6

Warranties, Guarantees, Commi_2

Warranties, Guarantees, Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2019
Warranties, Guarantees, Commitments and Contingencies [Abstract]
Summary of Changes in the Company's Product Warranty Liability	The following is a summary of changes in the Company’s product warranty liability for the three and six month periods ended June 30, 2019 and 2018 . Three Months Ended June 30, Six Months Ended June 30, (Amount in millions) 2019 2018 2019 2018 Balance of warranty costs accrued, beginning of period $ 46.6 $ 53.8 $ 43.7 $ 50.9 Warranty costs accrued 6.6 9.7 16.9 20.9 Warranty claims settled (8.6 ) (6.9 ) (15.6 ) (16.5 ) Foreign exchange translation effects 0.3 (2.7 ) (0.1 ) (1.4 ) Balance of warranty costs accrued, end of period $ 44.9 $ 53.9 $ 44.9 $ 53.9 Current liability, disclosed as current portion of warranties $ 24.5 $ 33.4 $ 24.5 $ 33.4 Long-term liability, included in other liabilities $ 20.4 $ 20.5 $ 20.4 $ 20.5 Warranty costs accrued $ 6.6 $ 9.7 $ 16.9 $ 20.9 Less: received and anticipated recoveries from suppliers — (0.1 ) — (0.3 ) Warranty costs net of received and anticipated recoveries $ 6.6 $ 9.6 $ 16.9 $ 20.6

Streamlining Expenses (Tables)

Streamlining Expenses (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring Charges [Abstract]
Schedule of Streamlining Liabilities	The following is a summary of changes in the Company’s streamlining program liabilities for the three and six month periods ended June 30, 2019 and 2018 . Three Months Ended June 30, Six Months Ended June 30, (Amounts in millions) 2019 2018 2019 2018 Balance at beginning of period $ 23.9 $ 36.8 $ 26.4 $ 43.7 Charges 0.2 0.6 6.1 0.3 Payments (5.4 ) (5.9 ) (13.4 ) (13.7 ) Foreign exchange effects 0.2 (1.9 ) (0.2 ) (0.7 ) Balance at end of period (1) $ 18.9 $ 29.6 $ 18.9 $ 29.6 Current liabilities, included in other accrued liabilities $ 7.9 $ 16.9 $ 7.9 $ 16.9 Long-term liability, included in other liabilities $ 11.0 $ 12.7 $ 11.0 $ 12.7
Schedule of Streamlining Cost	A summary of the streamlining costs related to the above programs is as follows: Three Months Ended June 30, Six Months Ended June 30, (Amounts in millions) 2019 2018 2019 2018 Employee-related charges – cost of sales $ 1.0 $ (0.1 ) $ 2.8 $ (0.1 ) Employee-related charges – selling and administrative (0.6 ) 0.6 3.5 0.2 Other streamlining charges (0.2 ) 0.1 (0.2 ) 0.2 Total streamlining costs $ 0.2 $ 0.6 $ 6.1 $ 0.3 For the three month period ended June 30, 2019 , streamlining costs recorded were immaterial. For the six month period ended June 30, 2019 , the Company recorded $5.8 million related to headcount reductions and footprint relocation and $0.3 million related to the 2014/2015 Program. Streamlining expenses recorded for each component were individually immaterial for the three and six month periods ended June 30, 2018 .

Pension and Post-retirement B_2

Pension and Post-retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2019
Retirement Benefits, Description [Abstract]
Components of Post-retirement Pension, Health and Life Insurance Costs	Post-retirement pension, health and life insurance costs had the following components for the three and six month periods ended June 30, 2019 and 2018 : Three Months Ended June 30, 2019 2018 (Amounts in millions) Pension Benefits Health & Life Ins. Benefits Pension Benefits Health & Life Ins. Benefits Service cost-benefits earned during period $ 7.0 $ 0.2 $ 6.3 $ 0.2 Interest cost on the projected benefit obligation 4.1 0.1 4.1 0.1 Less: expected return on plan assets (1.2 ) — (1.3 ) — Amortization of prior service cost 0.1 — — — Amortization of net loss 5.9 0.1 6.2 0.1 Pension and post-retirement benefit plan cost $ 15.9 $ 0.4 $ 15.3 $ 0.4 Six Months Ended June 30, 2019 2018 (Amounts in millions) Pension Benefits Health & Life Ins. Benefits Pension Benefits Health & Life Ins. Benefits Service cost-benefits earned during period $ 13.6 $ 0.4 $ 13.1 $ 0.4 Interest cost on the projected benefit obligation 8.4 0.2 8.3 0.2 Less: expected return on plan assets (2.4 ) — (2.6 ) — Amortization of prior service cost 0.3 — — — Amortization of net loss 12.2 0.2 12.5 0.2 Pension and post-retirement benefit plan cost $ 32.1 $ 0.8 $ 31.3 $ 0.8

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	As of June 30, 2019 and December 31, 2018 , the Company had the following outstanding notional amounts related to foreign currency forward contracts: (Amounts in millions) As of June 30, 2019 As of December 31, 2018 Foreign Currency Unit of Measure Hedged against Quantity Hedged Notional Amount (USD Equivalent) Quantity Hedged Notional Amount (USD Equivalent) Chinese Yuan CNY EUR 852.0 123.9 849.0 123.4 Hong Kong Dollar HKD EUR 285.0 36.4 285.0 36.4 British Pound GBP EUR 5.9 7.5 11.7 14.9 Polish Zloty PLN EUR 85.0 22.7 * *

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured At Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018 were as follow: As of June 30, 2019 (Amounts in millions) Level 1 Level 2 Level 3 Total Short-term and other investments (a) $ — $ 152.5 $ — $ 152.5 As of December 31, 2018 (Amounts in millions) Level 1 Level 2 Level 3 Total Short-term and other investments (a) $ — $ 209.4 $ — $ 209.4 Foreign currency derivative assets (b) — 0.6 — 0.6 (a) Short-term and other investments consist of mutual funds or deposit funds holding primarily term deposits, certificates of deposit and short-term bonds. The Company considers highly liquid investments with maturities of three months or less when purchased to be cash and cash equivalents. The fair value of short-term and other investments is determined based on pricing sources for identical instruments in less active markets. The unrealized gains and losses on short–term and other investments still held at the reporting date were immaterial for the three and six -month periods ended June 30, 2019 and 2018 . (b) Fair value of derivative instruments determined based on Level 2 inputs including credit ratings and other criteria observable in the market.

Basis of Financial Statement _2

Basis of Financial Statement Presentation (Details)	6 Months Ended
	Jun. 30, 2019segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	1

Recently Issued Accounting St_2

Recently Issued Accounting Standards (Details) - USD ($) $ in Millions	Jun. 30, 2019	Apr. 01, 2019	Jan. 01, 2019	Dec. 31, 2018	Apr. 01, 2018	Jan. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ 3,121.5			$ 2,960.8
Operating lease right–of–use assets	111.3		$ 110.1	$ 0
Total	$ 111.6		111.2
Accounting Standards Update 2016-16 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings						$ 5.3
Retained earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of ASU 2018-02 (Note 2)		$ 0	8.4		$ 0	$ 5.3
Retained earnings | Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of ASU 2018-02 (Note 2)			8.4
AOCI Including Portion Attributable to Noncontrolling Interest [Member] | Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of ASU 2018-02 (Note 2)			$ (8.4)

Revenue from Contracts with C_3

Revenue from Contracts with Customer (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Sales	$ 912.8	$ 1,001.2	$ 1,845.6	$ 2,004.6
OEM [Member]
Disaggregation of Revenue [Line Items]
Sales	692.8	761.4	1,396.4	1,522.3
Aftermarket [Member]
Disaggregation of Revenue [Line Items]
Sales	220	239.8	449.2	482.3
UNITED STATES
Disaggregation of Revenue [Line Items]
Sales	219.1	224.3	434.6	430.3
Europe [Member]
Disaggregation of Revenue [Line Items]
Sales	434.3	489.4	896.2	990.8
Japan, China, Brazil And India [Member]
Disaggregation of Revenue [Line Items]
Sales	$ 259.4	$ 287.5	$ 514.8	$ 583.5

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Apr. 01, 2019	Jan. 01, 2019	Apr. 01, 2018	Jan. 01, 2018
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (524)
Ending balance	$ (514.8)	$ (487.9)	(514.8)	$ (487.9)
Foreign Currency Translation [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(235.7)	(152.8)	(243)	(177.6)
Adoption of ASU 2018-02 (Note 2)					$ 0	$ (7.1)	$ 0	$ 0
Adjustment for the period	(7.2)	(65.5)	7.2	(40.7)
Ending balance	(242.9)	(218.3)	(242.9)	(218.3)
Accumulated Other Comprehensive Income (Loss) Foreign Currency Translation Adjustment, Before Tax	(14.8)	(18.5)	(14.8)	(18.5)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(2.7)	12.9	(2.7)	12.9
Losses on Intra-entity transactions [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(11.9)	(11.9)	(11.9)	(11.8)
Adjustment for the period	0	(0.3)	0	(0.4)
Ending balance	(11.9)	(12.2)	(11.9)	(12.2)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	0	0	0	0.1
Adjustment for the period	0	0	0	(0.1)
Ending balance	0	0	0	0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	0	(0.8)	0	(0.8)
Adjustment for the period	0	0	0	0
Ending balance	0	0	0	0
Unrealized Losses on Defined Benefit Plans, net of tax [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(262.7)	(277.6)	(269.1)	(274.4)
Adoption of ASU 2018-02 (Note 2)					$ 0	$ 1.3	$ 0	$ 0
Adjustment for the period	(1.8)	14.4	1.3	4.7
Amounts reclassified to earnings, net	4.5	5.8	9.1	12.3
Ending balance	(260)	(257.4)	(260)	$ (257.4)
Other comprehensive (income) loss, defined benefit plan, reclassification adjustment from AOCI, tax	$ 1.9	$ 1.7	$ 3.6

Inventory (Details)

Inventory (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished products	$ 162.9	$ 185.2
Products in process	13.9	15.3
Raw materials	158.2	137.1
Inventories, gross	335	337.6
Less: inventory allowances	(18.5)	(18.5)
Inventories, net	$ 316.5	$ 319.1

Guaranteed Notes Receivable (De

Guaranteed Notes Receivable (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Accounts Receivable Financing Facility [Abstract]
Notes receivable discounted or transferred	$ 122.6	$ 149.7
Notes receivable	$ 40.2		$ 44.1

Net Income Attributable to Co_3

Net Income Attributable to Company per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Weighted average incremental shares included	105,410	134,833	116,949	158,529
Shares excluded due to anti-dilutive effect	0	54,649	33,181	0

Capital Stock (Schedule of Net

Capital Stock (Schedule of Net Shares Outstanding and Shares Issued or Reacquired) (Details) - shares	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Common Stock, Shares Outstanding [Roll Forward]
Net Shares Outstanding, beginning balance (in shares)		51,364,925	53,735,486
Shares purchased for treasury (in shares)	(272,000)	(272,000)	(929,000)
Total Shares, ending balance (in shares)	79,132,946	79,132,946
Treasury Shares, ending balance (in shares)	(27,890,683)	(27,890,683)
Net Shares Outstanding, ending balance (in shares)	51,242,263	51,242,263	52,903,158
Share-based Payment Arrangement, Option [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		27,298	20,924
Restricted Stock Units (RSUs) [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		47,389	41,274
Deferred Stock Units [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		6,307	7,833
Performance Shares [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		68,344	26,641
Common Stock [Member]
Common Stock, Shares Outstanding [Roll Forward]
Total Shares, beginning balance (in shares)		79,018,266	78,937,828
Total Shares, ending balance (in shares)	79,132,946	79,132,946	79,008,706
Common Stock [Member] | Share-based Payment Arrangement, Option [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		10,689	9,465
Common Stock [Member] | Restricted Stock Units (RSUs) [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		41,163	32,948
Common Stock [Member] | Deferred Stock Units [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		6,307	7,833
Common Stock [Member] | Performance Shares [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		56,521	20,632
Treasury stock
Common Stock, Shares Outstanding [Roll Forward]
Treasury Shares, beginning balance (in shares)		(27,653,341)	(25,202,342)
Shares purchased for treasury (in shares)		(272,000)	(929,000)
Treasury Shares, ending balance (in shares)	(27,890,683)	(27,890,683)	(26,105,548)
Treasury stock | Share-based Payment Arrangement, Option [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		16,609	11,459
Treasury stock | Restricted Stock Units (RSUs) [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		6,226	8,326
Treasury stock | Performance Shares [Member]
Common Stock, Shares Outstanding [Roll Forward]
Shares issued (in shares)		11,823	6,009

Capital Stock (Narrative) (Deta

Capital Stock (Narrative) (Details) - USD ($)	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 07, 2018
Stockholders' Equity Note [Abstract]
Stock Issued During Period, Shares, Treasury Stock Reissued		145,489
Authorized amount				$ 600,000,000
Unexpended amount of share repurchase authorized	$ 569,400,000	$ 569,400,000
Treasury Stock, Shares, Acquired	272,000	272,000	929,000
Treasury Stock, Value, Acquired, Cost Method	$ 30,600,000

Stock-Based Compensation (Total

Stock-Based Compensation (Total Stock-Based Compensation Cost and Total Number and Type of Awards Granted and Related-Weighted Average Grant-Date Fair Values) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation (in usd)	$ 4.1	$ 6.8	$ 8.1	$ 11.2
Total Awards, Underlying Shares			140,412	123,865
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Granted, Underlying Shares			67,119	62,113
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Granted, Underlying Shares			67,119	62,113
Shares Granted, Weighted Average Grant Date Fair Value (in dollars per share)	$ 117.54	$ 139.23	$ 117.54	$ 139.23
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Granted, Underlying Shares			67,119	54,544
Shares Granted, Weighted Average Grant Date Fair Value (in dollars per share)	117.59	140.71	$ 117.59	$ 140.71
Cumulative earnings achievement period			3 years
Deferred Stock Units [Domain]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Granted, Underlying Shares			6,174	7,208
Shares Granted, Weighted Average Grant Date Fair Value (in dollars per share)	$ 130.50	$ 127.77	$ 130.50	$ 127.77
Vest Ratably over Three Years [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Vest After Two Years [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			2 years
Vest After Three Years [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Vest Ratably over Three Years [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Granted, Underlying Shares			67,119	60,022
Vest After Three Years [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Granted, Underlying Shares			0	2,091

Debt (Schuldschein Loans) (Deta

Debt (Schuldschein Loans) (Details)	6 Months Ended
	Jun. 30, 2019	Mar. 22, 2018EUR (€)	Jun. 25, 2015USD ($)
Debt Instrument [Line Items]
Debt Instrument, Face Amount | $			$ 500,000,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		€ 300,000,000
Unsecured Debt [Member] | Series A, Fixed Rate Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		€ 10,000,000
Debt Instrument, Interest Rate, Stated Percentage		0.85%
Unsecured Debt [Member] | Series B, Fixed Rate Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		€ 60,000,000
Debt Instrument, Interest Rate, Stated Percentage		1.15%
Unsecured Debt [Member] | Series C, Fixed Rate Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		€ 80,000,000
Debt Instrument, Interest Rate, Stated Percentage		1.43%
Unsecured Debt [Member] | Series A, Floating Rate Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		€ 50,000,000
Unsecured Debt [Member] | Series A, Floating Rate Term Loan [Member] | EURIBOR [Member]
Debt Instrument [Line Items]
Interest rate, minimum	0.80%
Unsecured Debt [Member] | Series B, Floating Rate Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		60,000,000
Unsecured Debt [Member] | Series B, Floating Rate Term Loan [Member] | EURIBOR [Member]
Debt Instrument [Line Items]
Interest rate, minimum	0.90%
Unsecured Debt [Member] | Series C, Floating Rate Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		€ 40,000,000
Unsecured Debt [Member] | Series C, Floating Rate Term Loan [Member] | EURIBOR [Member]
Debt Instrument [Line Items]
Interest rate, minimum	1.00%

Debt (Narrative) (Details)

Debt (Narrative) (Details)	Jun. 28, 2018USD ($)annual_extension	Apr. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019EUR (€)	Dec. 31, 2018USD ($)	Jun. 28, 2018EUR (€)annual_extension	Mar. 22, 2018EUR (€)	Jun. 25, 2015USD ($)	Jul. 08, 2011USD ($)
Debt Instrument [Line Items]
Debt Instrument, Face Amount										$ 500,000,000
Loss on debt extinguishment		$ 2,300,000	$ 2,600,000	$ 0	$ 2,300,000
Debt Issuance Costs, Noncurrent, Net | €									€ 1,100,000
Multi-currency revolving credit facility				600,000,000
Maximum secured indebtedness of subsidiaries				150,000,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount | €									€ 300,000,000
Long-term Debt				340,200,000		€ 299,200,000
Capitalization, Long-term Debt and Equity				113,700,000		100,000,000
Subsidiaries [Member]
Debt Instrument [Line Items]
Borrowings from banks				1,700,000
Senior EUR Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				499,200,000		439,100,000
Long-term Debt [Member] | Subsidiaries [Member]
Debt Instrument [Line Items]
Borrowings from banks				300,000
Credit Facility Expiring in 2020 [Member]
Debt Instrument [Line Items]
Multi-currency revolving credit facility											$ 400,000,000
Line of Credit Facility, Repayment Amount | €								€ 104,000,000
Credit Facility Expiring in 2023 [Member]
Debt Instrument [Line Items]
Multi-currency revolving credit facility	$ 600,000,000
Line of Credit Facility, Additional Maximum Borrowing Capacity	250,000,000
Credit Facility Expiring in 2019 [Member]
Debt Instrument [Line Items]
Multi-currency revolving credit facility	$ 100,000,000
Term Of Credit Facility	5 years
Line of Credit Facility, Repayment Amount | €								€ 52,000,000
Long-term Debt				17,100,000		€ 15,000,000
Local Working Capital Requirements [Member] | Subsidiaries [Member]
Debt Instrument [Line Items]
Borrowings from banks				$ 1,400,000			$ 500,000
Minimum [Member]
Debt Instrument [Line Items]
Interest rate, minimum				0.30%
Maximum [Member]
Debt Instrument [Line Items]
Interest rate, minimum				0.85%
Revolving Credit Facility [Member] | 2018 Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Number of Extension Options | annual_extension	2							2
Debt Instrument, Term Of Extension Option	1 year
Debt Instrument, Covenant, Debt To Assets, Maximum, Percentage	20.00%							20.00%
Letters of Credit [Member] | 2018 Credit Facility [Member]
Debt Instrument [Line Items]
Multi-currency revolving credit facility	$ 50,000,000

Debt (Senior EUR Notes) (Detail

Debt (Senior EUR Notes) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019EUR (€)	Nov. 15, 2016USD ($)	Nov. 15, 2016EUR (€)	Jun. 25, 2015USD ($)
Debt Instrument [Line Items]
Debt Instrument, Face Amount								$ 500,000,000
Unrealized gains (losses) on hedges, net	$ 0	$ 800,000	$ 0	$ 800,000
Senior EUR Notes [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Net						$ 1,400,000
Long-term Debt	$ 499,200,000		499,200,000		€ 439,100,000
Senior Notes [Member] | Senior EUR Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount | €							€ 440,000,000
Designated as Hedging Instrument [Member] | Senior EUR Notes [Member]
Debt Instrument [Line Items]
Unrealized gains (losses) on hedges, net			20,900,000
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax			$ 7,500,000

Debt (Senior USD Notes) (Detail

Debt (Senior USD Notes) (Details) - USD ($)	Apr. 30, 2018	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 25, 2015
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 500,000,000
Loss on extinguishment of debt	$ (2,300,000)	$ (2,600,000)	$ 0	$ (2,300,000)

Debt (Summary of Borrowings Out

Debt (Summary of Borrowings Outstanding Under Credit Facilities) (Details) € in Millions, $ in Millions	Jun. 30, 2019USD ($)	Jun. 30, 2019EUR (€)	Jun. 28, 2018USD ($)	Jun. 28, 2018EUR (€)
Credit Facility Expiring in 2019 [Member]
Line of Credit Facility [Line Items]
Long-term Debt	$ 17.1	€ 15
Line of Credit Facility, Repayment Amount				€ 52
Credit Facility Expiring in 2020 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Repayment Amount				€ 104
Credit Facility Expiring in 2023 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Additional Maximum Borrowing Capacity | $			$ 250

Debt Maturity of long-term debt

Debt Maturity of long-term debt outstanding (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Maturities of long-term debt outstanding [Abstract]
Long-term debt	$ 839.6	$ 845.2

Leases (Details)

Leases (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Weighted-average remaining lease term (in years)	6 years 6 months	6 years 6 months
Operating Lease, Expense	$ 7.8	$ 15.6
Minimum [Member]
Lessee, Lease, Description [Line Items]
Weighted-average remaining lease term (in years)	1 year	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Weighted-average remaining lease term (in years)	15 years	15 years

Leases (Other Lease Information

Leases (Other Lease Information) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Leases [Abstract]
Operating Lease, Expense	$ 7.8	$ 15.6
Cash paid for amounts included in the measurement of lease liabilities	7.7	15.4
ROU assets obtained in exchange for new lease liabilities	$ 3.5	$ 15.5
Weighted-average remaining lease term (in years)	6 years 6 months	6 years 6 months
Weighted-average discount rate	1.60%	1.60%

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jan. 01, 2019
Leases [Abstract]
2019 (excluding six months ended June 30, 2019)	$ 15.2
2020	27.8
2021	18.8
2022	15.1
2023	11.4
Thereafter	31.1
Total lease payments	119.4
Less: imputed interest	7.8
Total	111.6	$ 111.2
Amounts recognized in the condensed consolidated balance sheet:
Current liabilities, included in other accrued liabilities	28
Long-term liabilities, as operating lease liabilities	$ 83.6

Warranties, Guarantees, Commi_3

Warranties, Guarantees, Commitments and Contingencies (Narrative) (Details) R$ in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)case	Jun. 30, 2019BRL (R$)case	Dec. 31, 2018USD ($)
Guarantor Obligations [Line Items]
Standard warranty period	2 years
Bank guarantees	$ 28.9
Notes Receivable Transferred Not Matured	$ 17.7		$ 28.2
Loss Contingency, Pending Claims, Number | case	1	1
Loss contingency liability	$ 10.1	R$ 38.9
Estimated total amount of the contingency	16.9
Tax Litigation Claims [Member]
Guarantor Obligations [Line Items]
Uncollateralized bank guarantees	17.7
Letters of Credit [Member]
Guarantor Obligations [Line Items]
Uncollateralized bank guarantees	3
Other Items [Member]
Guarantor Obligations [Line Items]
Uncollateralized bank guarantees	$ 8.2

Warranties, Guarantees, Commi_4

Warranties, Guarantees, Commitments and Contingencies (Summary of Changes in the Company's Product Warranty Liability) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance of warranty costs accrued, beginning of period	$ 46.6	$ 53.8	$ 43.7	$ 50.9
Warranty costs accrued	6.6	9.7	16.9	20.9
Warranty claims settled	(8.6)	(6.9)	(15.6)	(16.5)
Foreign exchange translation effects	0.3	(2.7)	(0.1)	(1.4)
Balance of warranty costs accrued, end of period	44.9	53.9	44.9	53.9
Current liability, included in current portion of warranties	24.5	33.4	24.5	33.4	$ 23.3
Long-term liability, included in other liabilities	20.4	20.5	20.4	20.5
Less: received and anticipated recoveries from suppliers	0	(0.1)	0	(0.3)
Warranty costs net of received and anticipated recoveries	$ 6.6	$ 9.6	$ 16.9	$ 20.6

Income Taxes (Details)

Income Taxes (Details) ₨ in Millions, $ in Millions	Mar. 31, 2019	May 31, 2018	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2019INR (₨)	Jun. 30, 2018USD ($)	Apr. 01, 2019USD ($)	Jan. 01, 2019USD ($)	Apr. 01, 2018USD ($)	Jan. 01, 2018USD ($)
Income Tax Contingency [Line Items]
Tax Assessment Amount					$ 51.3	₨ 3,500
Penalty Assessment					31.1	2,100
Income tax expense (benefit)			$ 20.9	$ 23.5	33		$ 49.9
Pretax Income			95.6	$ 132.8	195.4		$ 265.8
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability					(6.5)
Unrecognized Tax Benefit, EPR Clawback					31.1
Unrecognized tax benefits			38.5		38.5
Unrecognized tax benefits classified as long term liabilities			33.1		33.1
Unrecognized tax benefits classified as reduction to deferred tax assets			$ (5.4)		(5.4)
Tax Year 2018 [Member]
Income Tax Contingency [Line Items]
Income Tax Examination, Partial Stay, Percentage Of Penalty And Interest Expense		15.00%
Partial stay, penalty and interest expense					7.7	531.4
Deposits made for tax penalty					7.7	531.4
Latest Tax Year [Member]
Income Tax Contingency [Line Items]
Income Tax Examination, Partial Stay, Percentage Of Penalty And Interest Expense	5.00%	5.00%
Partial stay, penalty and interest expense					2.5	175
Deposits made for tax penalty					$ 1.4	₨ 100
Retained earnings
Income Tax Contingency [Line Items]
Adoption of ASU 2018-02 (Note 2)								$ 0	$ 8.4	$ 0	$ 5.3

Streamlining Expenses (Schedule

Streamlining Expenses (Schedule of Streamlining Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
2014/2015 Program [Member]
Restructuring Reserve [Roll Forward]
Ending balance	$ 3.9	$ 8.5	$ 3.9	$ 8.5
Other Programs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	23.9	36.8	26.4	43.7
Charges	0.2	0.6	6.1	0.3
Payments	(5.4)	(5.9)	(13.4)	(13.7)
Foreign exchange translation effects	(0.2)	1.9	0.2	0.7
Ending balance	18.9	29.6	18.9	29.6
Accrued Liabilities [Member]
Restructuring Reserve [Roll Forward]
Balance at end of period	7.9	16.9	7.9	16.9
Other Noncurrent Liabilities [Member]
Restructuring Reserve [Roll Forward]
Balance at end of period	$ 11	$ 12.7	$ 11	$ 12.7

Streamlining Expenses (Narrativ

Streamlining Expenses (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Sep. 30, 2015production_facilityposition	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost		$ 65.5
Restructuring And Related Cost, Number Of Production Facilities Eliminated | production_facility	2
Restructuring and Related Cost, Number of Positions Eliminated | position	316
headcount reductions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		5.8
Footprint relocations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		5.8
2014/2015 Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve		3.9	$ 8.5
Restructuring Costs		$ 0.3

Streamlining Expenses (Schedu_2

Streamlining Expenses (Schedule of Current and Cumulative Streamlining Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
2014/2015 Program [Member]
Restructuring Cost and Reserve [Line Items]
Employee related charges - cost of sales	$ 1		$ 2.8
Employee related charges - selling and administrative	(0.6)		3.5
Other streamlining charges	(0.2)		(0.2)
Total program costs	$ 0.2		$ 6.1
Other Programs [Member]
Restructuring Cost and Reserve [Line Items]
Employee related charges - cost of sales		$ (0.1)		$ (0.1)
Employee related charges - selling and administrative		0.6		0.2
Other streamlining charges		0.1		0.2
Total program costs		$ 0.6		$ 0.3

Pension and Post-retirement B_3

Pension and Post-retirement Benefits (Components of Post-retirement Pension, Health and Life Insurance Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets			2.40%	2.75%
Pension Plan [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Service cost-benefits earned during period	$ 7	$ 6.3	$ 13.6	$ 13.1
Interest cost on the projected benefit obligation	4.1	4.1	8.4	8.3
Less assumed return on plan assets	(1.2)	(1.3)	(2.4)	(2.6)
Amortization of prior service cost	0.1	0	0.3	0
Amortization of net loss	5.9	6.2	12.2	12.5
Defined benefit plan cost	15.9	15.3	32.1	31.3
Health and Life Insurance Benefits [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Service cost-benefits earned during period	0.2	0.2	0.4	0.4
Interest cost on the projected benefit obligation	0.1	0.1	0.2	0.2
Less assumed return on plan assets	0	0	0	0
Amortization of prior service cost	0	0	0	0
Amortization of net loss	0.1	0.1	0.2	0.2
Defined benefit plan cost	$ 0.4	$ 0.4	$ 0.8	$ 0.8

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Narrative) (Details) € in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019EUR (€)	Dec. 31, 2018USD ($)	Dec. 31, 2018EUR (€)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Unrealized gains (losses) on hedges, net	$ 0	$ (0.8)	$ 0	$ (0.8)
Average duration of derivatives, months			1 month
Derivative instruments, recognized gains / (losses)			$ 2.3	0.9
Fair value of derivatives	0		0
Not Designated as Hedging Instrument [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Notional amount of derivatives	209.8		209.8		€ 184.5	$ 194.8	€ 170.2
Additional Foreign Currency Forward Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Notional amount of derivatives	10		10
Net Investment Hedging [Member] | Senior EUR Notes [Member] | Designated as Hedging Instrument [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Long-term Debt	517.3		517.3		455	$ 503.6	€ 440
Senior EUR Notes [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Long-term Debt	499.2		499.2		€ 439.1
Senior EUR Notes [Member] | Designated as Hedging Instrument [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Unrealized gains (losses) on hedges, net			(20.9)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax			7.5
Senior EUR Notes [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Unrealized gains (losses) on hedges, net	5.1	(31.5)	(3.1)	(9.1)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	$ 1.4	$ 8.9	$ 0.9	$ 2.5

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Derivatives Not Designated As Hedging) (Details) € in Millions, ¥ in Millions, £ in Millions, $ in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019EUR (€)	Jun. 30, 2019CNY (¥)	Jun. 30, 2019GBP (£)	Jun. 30, 2019HKD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2018EUR (€)	Dec. 31, 2018CNY (¥)	Dec. 31, 2018GBP (£)	Dec. 31, 2018HKD ($)
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 2.3	$ 0.9
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	0
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	209.8		€ 184.5				$ 194.8	€ 170.2
Additional Foreign Currency Forward Contracts [Member]
Derivative [Line Items]
Notional Amount	10
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | China, Yuan Renminbi
Derivative [Line Items]
Notional Amount	123.9			¥ 852			123.4		¥ 849
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | Hong Kong, Dollars
Derivative [Line Items]
Notional Amount	36.4					$ 285	36.4				$ 285
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | US Dollar
Derivative [Line Items]
Notional Amount	22.7					$ 85
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | United Kingdom, Pounds
Derivative [Line Items]
Notional Amount	$ 7.5				£ 5.9		$ 14.9			£ 11.7

Business combinations (Details)

Business combinations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Business Acquisition [Line Items]
Currency translation adjustments	$ (6.9)	$ (69.6)	$ 8.2	$ (45.8)

Business combinations Schedule

Business combinations Schedule of Recognized Identified Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 808.1		$ 809.4
Increase (Decrease) in Other Accrued Liabilities	(12.9)	$ 35.8
Increase (Decrease) in Inventories	$ (2.2)	$ 27.2

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 68.6	$ 135.8
Securities owned not readily marketable	25.4	25.5
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	152.5	209.4
Foreign currency contract, asset, fair value disclosure		0.6
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 152.5	209.4
Foreign currency contract, asset, fair value disclosure		$ 0.6

Uncategorized Items - wbc10q630

Label	Element	Value
Restricted Cash	us-gaap_RestrictedCash	$ 500,000
Restricted Cash	us-gaap_RestrictedCash	600,000
AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(8,400,000)
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	0
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	0
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 0
Series D Notes [Member] | Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	us-gaap_DebtInstrumentInterestRateStatedPercentage	0.84%
Debt Instrument, Face Amount	us-gaap_DebtInstrumentFaceAmount	$ 190,000,000
Series F Notes [Member] | Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	us-gaap_DebtInstrumentInterestRateStatedPercentage	1.36%
Debt Instrument, Face Amount	us-gaap_DebtInstrumentFaceAmount	$ 170,000,000
Series E Notes [Member] | Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	us-gaap_DebtInstrumentInterestRateStatedPercentage	1.20%
Debt Instrument, Face Amount	us-gaap_DebtInstrumentFaceAmount	$ 80,000,000