John Bean Technologies (JBT) 10-Q 1 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 24, 2017
Document and Entity Information
Entity Registrant Name	John Bean Technologies Corporation
Entity Central Index Key	1,433,660
Trading Symbol	jbt
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		31,623,079
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenue	$ 386.1	$ 328.8	$ 730.6	$ 595.9
Operating expenses:
Cost of sales	271.3	233	518.2	423.3
Selling, general and administrative expense	77	58	147.5	111.9
Research and development expense	6.4	5.9	12.7	11.4
Restructuring expense	0.6	1.9	1	9.1
Other expense, net	1.1	0.1	1	0.6
Operating income	29.7	29.9	50.2	39.6
Interest expense	(3.3)	(2.2)	(6.7)	(4.2)
Income from continuing operations before income taxes	26.4	27.7	43.5	35.4
Provision for income taxes	8.1	8.9	7.6	11.4
Income from continuing operations	18.3	18.8	35.9	24
Loss from discontinued operations, net of income taxes	(0.4)	0	(0.6)	(0.1)
Net income	$ 17.9	$ 18.8	$ 35.3	$ 23.9
Basic earnings per share:
Income from continuing operations (in dollars per share)	$ 0.57	$ 0.64	$ 1.16	$ 0.81
Loss from discontinued operations (in dollars per share)	(0.01)	0	(0.02)	0
Net income (in dollars per share)	0.56	0.64	1.14	0.81
Diluted earnings per share:
Income from continuing operations (in dollars per share)	0.57	0.63	1.14	0.80
Loss from discontinued operations (in dollars per share)	(0.01)	0	(0.02)	0
Net income (in dollars per share)	0.56	0.63	1.12	0.80
Cash dividends declared per share (in dollars per share)	$ 0.1	$ 0.1	$ 0.2	$ 0.2

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 17.9	$ 18.8	$ 35.3	$ 23.9
Other comprehensive income
Foreign currency translation adjustments	8.7	(3.7)	13	3.9
Pension and other postretirement benefits adjustments, net of tax of $0.5 and $0.9 for 2017, and ($0.3) and ($0.6) for 2016, respectively	0.8	0.7	1.6	1.2
Derivatives designated as hedges, net of tax of ($0.1) and $0.2 for 2017, and $0.6 and $2.0 for 2016, respectively	(0.1)	(1)	0.3	(3.2)
Other comprehensive income (loss)	9.4	(4)	14.9	1.9
Comprehensive income	$ 27.3	$ 14.8	$ 50.2	$ 25.8

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Pension and other postretirement benefits adjustments, tax	$ (0.5)	$ 0.3	$ (0.9)	$ 0.6
Derivatives designated as hedges, tax	$ 0.1	$ (0.6)	$ (0.2)	$ (2)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 26.3	$ 33.2
Trade receivables, net of allowances of $3.0 and $3.1, respectively	281.8	260.5
Inventories, net	198.3	139.6
Other current assets	54	51.7
Total current assets	560.4	485
Property, plant and equipment, net of accumulated depreciation of $256.2 and $238.0, respectively	220.7	210.2
Goodwill	278.1	239.5
Intangible assets, net	201.8	186
Deferred income taxes	23.8	35
Other assets	34.8	31.7
Total Assets	1,319.6	1,187.4
Current Liabilities:
Short-term debt and current portion of long-term debt	7.6	7.1
Accounts payable, trade and other	139.4	135.7
Advance and progress payments	129.6	110.5
Other current liabilities	127.1	139.7
Total current liabilities	403.7	393
Long-term debt, less current portion	391.9	491.6
Accrued pension and other postretirement benefits, less current portion	85.1	86.1
Other liabilities	36.2	36.8
Commitments and contingencies (Note 11)
Stockholders’ Equity:
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued	0	0
Common stock, $0.01 par value; 120,000,000 shares authorized; June 30, 2017: 31,623,079 issued and outstanding; December 31, 2016: 29,316,041 issued and 29,156,847 outstanding	0.3	0.3
Common stock held in treasury, at cost; December 31, 2016: 159,194 shares	0	(7.2)
Additional paid-in capital	249.5	77.2
Retained earnings	295	266.6
Accumulated other comprehensive loss	(142.1)	(157)
Total stockholders’ equity	402.7	179.9
Total Liabilities and Stockholders’ Equity	$ 1,319.6	$ 1,187.4

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowances, trade receivables	$ 3	$ 3.1
Property, plant and equipment, accumulated depreciation	$ 256.2	$ 238
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issues (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	31,623,079	29,316,041
Common stock, shares outstanding (in shares)	31,623,079	29,156,847
Common stock held in treasury (in shares)	0	159,194

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows provided by operating activities:
Net income	$ 35.3	$ 23.9
Loss from discontinued operations, net	0.6	0.1
Income from continuing operations	35.9	24
Adjustments to reconcile income from continuing operations to cash provided by continuing operating activities:
Depreciation and amortization	25.1	18.1
Loss (gain) on disposal of assets	(0.3)	0
Stock-based compensation	4.3	4.5
Pension expense (income)	0.2	0
Other	0.9	5.1
Changes in operating assets and liabilities:
Trade receivables, net	(13.2)	(18)
Inventories	(39.9)	(44.4)
Accounts payable, trade and other	(4)	3
Advance and progress payments	10.6	21.6
Accrued pension and other postretirement benefits, net	(1.6)	(9.3)
Other assets and liabilities, net	(16)	(3.9)
Cash provided by continuing operating activities	2	0.7
Cash required by discontinued operating activities	(0.6)	(0.1)
Cash provided by operating activities	1.4	0.6
Cash flows required by investing activities:
Acquisitions, net of cash acquired	(62.1)	(3.2)
Capital expenditures	(17.5)	(20.9)
Proceeds from property available for sale	1.1	1
Cash required by investing activities	(78.5)	(23.1)
Cash flows provided by financing activities:
Net proceeds (payments) on short-term debt	(1)	5.4
Proceeds from short-term foreign credit facilities	2.5	0
Payments of short-term foreign credit facilities	(3.4)	0
Payment of long-term debt	(96.4)	25.7
Net proceeds (payments) from domestic credit facilities	184.1	0
Repayment of long-term debt	(0.9)	(1.1)
Settlement of taxes withheld on equity compensation awards	(9.5)	(2.6)
Excess tax benefits	0	1.5
Purchase of treasury stock	0	(4.4)
Dividends	(6.4)	(6)
Cash provided by financing activities	69	18.5
Effect of foreign exchange rate changes on cash and cash equivalents	1.2	1.9
Decrease in cash and cash equivalents	(6.9)	(2.1)
Cash and cash equivalents, beginning of period	33.2	37.2
Cash and cash equivalents, end of period	$ 26.3	$ 35.1

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business John Bean Technologies Corporation and its majority-owned consolidated subsidiaries (the “Company,” “JBT,” “our,” “us,” or “we”) provide global technology solutions to high-value segments of the food and beverage and air transportation industries. We design, produce and service sophisticated products and systems for multi-national and regional customers through our JBT FoodTech and JBT AeroTech segments. We have manufacturing operations worldwide and are strategically located to facilitate delivery of our products and services to our customers. Basis of Presentation In accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, the accompanying unaudited condensed consolidated financial statements (the “interim financial statements”) do not include all of the information and notes for complete financial statements as required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). As such, the accompanying interim financial statements should be read in conjunction with the JBT Annual Report on Form 10-K for the year ended December 31, 2016 , which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated balance sheet was derived from audited financial statements. In the opinion of management, the interim financial statements reflect all normal recurring adjustments necessary for a fair presentation of our financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the interim results and trends in the interim financial statements may not be representative of those for the full year or any future period. Use of estimates Preparation of financial statements that follow U.S. GAAP requires management to make estimates and judgments 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 reporting period. Actual results could differ from these estimates. Recently adopted accounting standards In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) – Simplifying the Measurement of Inventory . The core principle of the ASU is that entities that historically used the lower of cost or market in the subsequent measurement of inventory will instead be required to measure inventory at the lower of cost and net realizable value. The guidance will not change U.S. GAAP for inventory measured using LIFO or the retail inventory method. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2016. This guidance became effective for us as of January 1, 2017 and there was no effect on our consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-09, Stock Compensation (Topic 718) - Improvements to Employee Share-Based Payment Accounting . The new guidance was developed as part of the FASB’s simplification initiative. The core principle of the ASU requires income tax effects of awards to be recognized in the income statement when the awards vest or are settled, and eliminates the requirement to report excess tax benefits in additional paid-in capital (APIC pool). It also allows an employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting, and allows an employer to make a policy election to account for forfeitures as they occur. The new standard became effective for us as of January 1, 2017. During the first quarter 2017, 278,316 awards vested, and resulted in a $5.8 million tax benefit reported in earnings, and is classified as an operating activity within the condensed consolidated Statements of Cash Flows. The elimination of the APIC pool affects the treasury stock method used to calculate weighted average shares outstanding; however, the impact was not material. We elected to change our policy surrounding forfeitures, and beginning January 2017 we no longer estimate the number of awards expected to be forfeited but rather account for them as they occur. We are required to implement this portion of the guidance using a modified retrospective approach, and as such have recorded a cumulative adjustment of $0.6 million in retained earnings as of January 1, 2017. We also amended our incentive compensation and stock plan to allow JBT to have the discretion to withhold up to the maximum statutory rates, on an individual tax basis. A liability was not established as the withholding limits do not exceed the maximum. Cash paid for tax withholdings are classified as financing activity on the condensed consolidated Statement of Cash Flows, consistent with prior years. Recently issued accounting standards not yet adopted Beginning in 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), plus a number of related ASU’s designed to clarify and interpret Topic 606. The new standard will replace most existing revenue recognition guidance in U.S. GAAP. The core principle of the ASU requires companies to reevaluate when revenue is recorded based upon newly defined criteria, either at a point in time or over time as goods or services are delivered. The ASU requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and estimates, and changes in those estimates. The new standard becomes effective for us as of January 1, 2018, with the option to early adopt the standard for annual periods beginning on or after December 15, 2016, and allows for both retrospective and modified-retrospective methods of adoption. As previously disclosed, we preliminarily concluded that we would apply the full retrospective transition method to adopt Topic 606, employing certain practical expedients, and restating our consolidated financial statements for 2016 and 2017. This decision was primarily driven by the desire to present comparative Topic 606 results for all years presented. During 2017 as we continued to evaluate the benefits and drawbacks of both transition methods, we have realized that the comparability year-over-year is limited using certain practical expedients, and without the practical expedients, the retrospective transition method would require a significant amount of time and effort without assurance that it would provide meaningful additional information. In addition we have identified system limitations in obtaining the historical data needed to retrospectively restate. Therefore we plan to adopt Topic 606 on a modified-retrospective basis. In 2016, we completed our gap assessment and determined that approximately 30 - 40% of our total revenues will be subject to change dependent on the nature of the production process and contract terms. We believe that we will qualify for over time recognition for certain of our manufactured equipment as well as refurbishments. Under the new rules, revenue recognized for such projects in the future will result in an acceleration of revenue as compared to our current revenue recognition methodology of recognizing revenue at a point in time. We are continuing to quantify the impact of this change. We continue to execute our implementation plan and are in the process of developing new revenue accounting policies and processes; changing our internal controls over revenue recognition; implementing system changes and enhancements; and creating pro forma disclosures. We expect to complete such activities in the third quarter of 2017 and begin our transition evaluation for all contracts that will not be completed on January 1, 2018 in the fourth quarter of 2017. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new standard will replace most existing lease guidance in U.S. GAAP. The core principle of the ASU is that lessees are required to report a right to use asset and a lease payment obligation on the balance sheet but recognize expenses on their income statements in a manner similar to today’s accounting, and for lessors the guidance remains substantially similar to current U.S. GAAP. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2018. However, early adoption is permitted. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. We have not yet evaluated and cannot determine the impact this standard will have on our consolidated financial statements and related disclosures. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments and Restricted Cash . The new guidance is intended to reduce the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The core principle of the ASU requires the classification of eight specific cash flow issues identified under ASC 230 to be presented as either financing, investing or operating, or some combination thereof, depending upon the nature of the issue. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted. Entities are required to use a retrospective transition approach for all of the issues identified for each period presented. We are currently evaluating the effect, if any, that the ASU will have on our consolidated financial statements and related disclosures. In October 2016, the FASB issued ASU 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory . The new guidance is intended to simplify the accounting for intercompany asset transfers. The core principle requires an entity to immediately recognize the tax consequences of intercompany asset transfers. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted only at the beginning of an annual period for which no financial statements (interim or annual) have already been issued. The Company anticipates the adoption in the effective period and we are currently evaluating the effect, if any, that the ASU will have on our consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) - Clarifying the Definition of a Business . The core principle of the ASU is to clarify the definition of a business to require certain transactions to be accounted for as business combinations versus an acquisition of assets. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted for transactions that have occurred prior to the issuance of this update, but have not yet been disclosed in previous financial statements. The Company anticipates the adoption in the effective period and we are currently evaluating the effect, if any, that the ASU will have on our consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment. The new guidance will simplify the accounting for goodwill impairment. The core principle of the ASU is to remove the requirement to calculate an implied fair value to determine impairment (Step 2 of the goodwill impairment test) and allow instead for goodwill impairment to equal the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2019. However, early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not anticipate that the ASU will have a material effect on our consolidated financial statements and related disclosures. In March 2017, the FASB issued ASU No. 2017-07, Compensation - Retirement Benefits (ASC 715) - Improving the Presentation of Net Periodic Pension Costs and Net Periodic Postretirement Benefit Cost. The new guidance will improve the presentation of pension cost by providing additional guidance on the presentation of net benefit cost in the income statement and on the components eligible for capitalization in assets. The core principle of the ASU is to provide more transparency in the presentation of these costs by requiring the service cost component to be reported in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented separately from the service cost component and outside a subtotal of income from operations. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company anticipates the adoption in the effective period and we are currently evaluating the effect, if any, that the ASU will have on our consolidated financial statements and related disclosures. In May 2017, the FASB issued ASU No. 2017-09, Compensation - Stock Compensation (ASC 718) - Scope of Modification Accounting. The amendments provide guidance as to how an entity should apply modified accounting in Topic 718 when changing the terms and conditions of its share-based payment awards. The core principle of the ASU is to provide clarity, and reduce the variation in applied practice, as well as, cost and complexity in changing the terms and conditions in an entity's share-based payment awards. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company does not anticipate that the ASU will have a material effect, if any, on our consolidated financial statements and related disclosures.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS During 2017 and 2016 the Company acquired four businesses for an aggregate consideration of $307.5 million , net of cash acquired. A summary of the acquisitions made during the period is as follows: Date Type Company/Product Line Location (Near) Segment February 24, 2017 Stock Avure Technologies, Inc. Middletown, OH FoodTech Manufacturer of high pressure processing (HPP) systems. HPP is a cold pasteurization technology that ensures food safety without heat or preservatives, maintaining fresh food characteristics such as flavor and nutritional value, while extending shelf life. November 1, 2016 Stock Tipper Tie Inc. Apex, NC FoodTech Manufacturer of engineered processing and packaging solutions, and related consumables to the food industry. October 14, 2016 Asset Cooling and Applied Technologies (C.A.T.) Russellville, AR FoodTech Manufacturer of value-added food solutions primarily for the poultry industry. February 17, 2016 Asset Novus X-Ray LLC Doylestown, PA FoodTech Manufacturer of modular X-Ray systems for the automated food inspection industry. Each acquisition has been accounted for as a business combination. Tangible and identifiable intangible assets acquired and liabilities assumed were recorded at their respective estimated fair values. The excess of the consideration transferred over the estimated fair value of the net assets received has been recorded as goodwill. The factors that contributed to the recognition of goodwill primarily relate to acquisition-driven anticipated cost savings and revenue enhancement synergies coupled with the assembled workforce acquired. The following presents the allocation of acquisition costs to the assets acquired and the liabilities assumed, based on their estimated values: Avure (1) Tipper Tie (1) C.A.T. (1) Other Total (In millions) Financial assets $ 6.7 $ 28.7 $ 3.3 $ 0.4 $ 39.1 Inventories 14.4 17.2 16.4 0.3 48.3 Property, plant and equipment 4.5 17.0 2.9 0.1 24.5 Other intangible assets (2) 20.8 66.3 48.0 2.4 137.5 Deferred taxes (7.8 ) (5.6 ) — — (13.4 ) Financial liabilities (10.1 ) (21.1 ) (14.9 ) (0.9 ) (47.0 ) Total identifiable net assets $ 28.5 $ 102.5 $ 55.7 $ 2.3 $ 189.0 Cash consideration paid $ 58.9 $ 160.6 $ 72.7 $ 3.3 $ 295.5 Holdback payments due to seller — — 12.0 — 12.0 Total consideration $ 58.9 $ 160.6 $ 84.7 $ 3.3 $ 307.5 Goodwill $ 30.4 $ 58.1 $ 29.0 $ 1.0 $ 118.5 (1) The purchase accounting for these acquisitions is preliminary as the valuation of income tax balances and residual goodwill related to each is not complete. We are also currently assessing the amount of goodwill that we expect to be deductible for tax purposes. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). During the quarter ended June 30, 2017 we refined our other intangible asset estimates for Avure by $2.6 million , deferred taxes by $(0.7) million and inventory by $(0.7) million . The impact of these adjustments was reflected as a decrease in goodwill of $1.2 million , and resulted in an immaterial impact to the consolidated statement of income. All other measurement period adjustments in the quarter and six months ended June 30, 3017 were not material. (2) The acquired definite-lived intangibles are being amortized on a straight-line basis over their estimated useful lives, which range from five to fourteen years. The tradename intangible assets for Avure, Tipper Tie and C.A.T. have been identified as indefinite-lived intangible asset and will be reviewed annually for impairment. Pro forma Financial Information (unaudited) The following information reflects the results of JBT’s operations for the three and six months ended June 30, 2017 and 2016 on a pro forma basis as if the acquisitions of Tipper Tie and C.A.T. had been completed on January 1, 2015. Pro forma adjustments have been made to illustrate the incremental impact on earnings of interest costs on the borrowings to acquire the companies, amortization expense related to acquire intangible assets, depreciation expense related to the fair value of the acquired depreciable tangible assets and the related tax impact associated with the incremental interest costs and amortization and depreciation expense. Three Months Ended June 30, Six Months Ended June 30, ($ in millions, except per share data) 2017 2016 2017 2016 Revenue Pro forma $ 386.1 $ 361.4 $ 730.6 $ 659.1 As reported 386.1 328.8 730.6 595.5 Net Earnings Pro forma $ 18.4 $ 20.6 $ 36.0 $ 28.0 As reported 18.3 18.8 35.9 24.0 Net earnings from continuing operations per share Pro forma Basic $ 0.58 $ 0.70 $ 1.16 $ 0.95 Fully diluted 0.57 0.69 1.15 0.94 As reported Basic $ 0.57 $ 0.64 $ 1.16 $ 0.81 Fully diluted 0.57 0.63 1.14 0.80 The unaudited pro forma information is provided for illustrative purposes only and does not purport to represent what our consolidated results of operations would have been had the transactions actually occurred as of January 1, 2015, and does not purport to project our actual consolidated results of operations.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill by business segment were as follows: (In millions) JBT FoodTech JBT AeroTech Total Balance as of December 31, 2016 $ 231.8 $ 7.7 $ 239.5 Acquisitions 33.9 — 33.9 Currency translation 4.7 — 4.7 Balance as of June 30, 2017 $ 270.4 $ 7.7 $ 278.1 Intangible assets consisted of the following: June 30, 2017 December 31, 2016 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationships $ 148.1 $ 27.4 $ 141.5 $ 21.5 Patents and acquired technology 80.3 28.5 64.8 24.5 Tradenames 18.6 9.0 18.1 8.4 Indefinite lived intangible assets 13.9 — 9.5 — Other 14.5 8.7 14.8 8.3 Total intangible assets $ 275.4 $ 73.6 $ 248.7 $ 62.7

Inventories

Inventories	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories consisted of the following: (In millions) June 30, 2017 December 31, 2016 Raw materials $ 66.8 $ 62.9 Work in process 87.3 57.3 Finished goods 111.1 86.2 Gross inventories before LIFO reserves and valuation adjustments 265.2 206.4 LIFO reserves and valuation adjustments (66.9 ) (66.8 ) Inventories, net $ 198.3 $ 139.6

Pension

Pension	6 Months Ended
	Jun. 30, 2017
Retirement Benefits [Abstract]
Pension	PENSION Components of net periodic benefit cost (income) were as follows: Pension Benefits Three Months Ended Six Months Ended (In millions) 2017 2016 2017 2016 Service cost $ 0.4 $ 0.3 $ 0.8 $ 0.7 Interest cost 2.7 2.9 5.4 5.7 Expected return on plan assets (4.3 ) (4.5 ) (8.6 ) (9.0 ) Amortization of net actuarial losses 1.3 1.0 2.6 2.1 Net periodic cost (income) $ 0.1 $ (0.3 ) $ 0.2 $ (0.5 ) We expect to contribute $12.0 million to our pension and other postretirement benefit plans in 2017 . No contributions have been made to date during 2017.

Stockholder's Equity

Stockholder's Equity	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Stockholder's Equity	STOCKHOLDERS' EQUITY On March 13, 2017 we issued 2.3 million shares of common stock in an underwritten public offering which resulted in proceeds of $184.1 million , net of underwriting discounts and offering expenses. We used the net proceeds from this offering to repay a portion of our outstanding borrowings under our revolving credit facility and for general corporate purposes.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income or loss (“AOCI”) represents the cumulative balance of other comprehensive income, net of tax, as of the balance sheet date. For JBT, AOCI is primarily composed of adjustments related to pension and other postretirement benefit plans, derivatives designated as hedges, and foreign currency translation adjustments. Changes in the AOCI balances for the three months ended June 30, 2017 and 2016 by component are shown in the following tables: Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, March 31, 2017 $ (107.8 ) $ 0.3 $ (44.0 ) $ (151.5 ) Other comprehensive income (loss) before reclassification — (0.3 ) 8.7 8.4 Amounts reclassified from accumulated other comprehensive income 0.8 0.2 — 1.0 Ending balance, June 30, 2017 $ (107.0 ) $ 0.2 $ (35.3 ) $ (142.1 ) Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended June 30, 2017 were $1.3 million of charges in selling, general and administrative expense, net of $0.5 million in provision for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.3 million of charges in interest expense, net of $0.1 million in provision for income taxes. Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, March 31, 2016 $ (103.3 ) $ (3.0 ) $ (35.0 ) $ (141.3 ) Other comprehensive income (loss) before reclassification 0.1 (1.2 ) (3.7 ) (4.8 ) Amounts reclassified from accumulated other comprehensive income 0.6 0.2 — 0.8 Ending balance, June 30, 2016 $ (102.6 ) $ (4.0 ) $ (38.7 ) $ (145.3 ) Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended June 30, 2016 were $0.9 million of charges in selling, general and administrative expense, net of $0.3 million in provision for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.3 million of charges in interest expense, net of $0.1 million in provision for income taxes. Changes in the AOCI balances for the six months ended June 30, 2017 and 2016 by component are shown in the following tables: Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, December 31, 2016 $ (108.6 ) $ (0.1 ) $ (48.3 ) $ (157.0 ) Other comprehensive income before reclassification — (0.1 ) 13.0 12.9 Amounts reclassified from accumulated other comprehensive income 1.6 0.4 — 2.0 Ending balance, June 30, 2017 $ (107.0 ) $ 0.2 $ (35.3 ) $ (142.1 ) Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the six months ended June 30, 2017 were $2.6 million of charges in selling, general and administrative expense, net of $1.0 million in provision for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.7 million of charges in interest expense, net of $0.3 million in provision for income taxes. Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, December 31, 2015 $ (103.8 ) $ (0.8 ) $ (42.6 ) $ (147.2 ) Other comprehensive income before reclassification — (3.6 ) 3.9 0.3 Amounts reclassified from accumulated other comprehensive income 1.2 0.4 — 1.6 Ending balance, June 30, 2016 $ (102.6 ) $ (4.0 ) $ (38.7 ) $ (145.3 ) Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the six months ended June 30, 2016 were $1.8 million of charges in selling, general and administrative expense, net of $0.6 million in provision for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.6 million of charges in interest expense, net of $0.2 million in provision for income taxes.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the respective periods and our basic and diluted shares outstanding: Three Months Ended Six Months Ended (In millions, except per share data) 2017 2016 2017 2016 Basic earnings per share: Income from continuing operations $ 18.3 $ 18.8 $ 35.9 $ 24.0 Weighted average number of shares outstanding 31.9 29.4 31.0 29.4 Basic earnings per share from continuing operations $ 0.57 $ 0.64 $ 1.16 $ 0.81 Diluted earnings per share: Income from continuing operations $ 18.3 $ 18.8 $ 35.9 $ 24.0 Weighted average number of shares outstanding 31.9 29.4 31.0 29.4 Effect of dilutive securities: Restricted stock 0.4 0.4 0.4 0.4 Total shares and dilutive securities 32.3 29.8 31.4 29.8 Diluted earnings per share from continuing operations $ 0.57 $ 0.63 $ 1.14 $ 0.80

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: • Level 1 : Unadjusted quoted prices in active markets for identical assets and liabilities that the Company can assess at the measurement date. • Level 2 : Observable inputs other than those included in Level 1 that are observable for the asset or liability, either directly or indirectly. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. • Level 3 : Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. Financial assets and financial liabilities measured at fair value on a recurring basis are as follows: As of June 30, 2017 As of December 31, 2016 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 12.2 $ 12.2 $ — $ — $ 11.9 $ 11.9 $ — $ — Derivatives 8.8 — 8.8 — 7.2 — 7.2 — Total assets $ 21.0 $ 12.2 $ 8.8 $ — $ 19.1 $ 11.9 $ 7.2 $ — Liabilities: Derivatives $ 5.7 $ — $ 5.7 $ — $ 5.0 $ — $ 5.0 $ — Contingent consideration 0.9 — — 0.9 0.8 — — 0.8 Total liabilities $ 6.6 $ — $ 5.7 $ 0.9 $ 5.8 $ — $ 5.0 $ 0.8 Investments represent securities held in a trust for the non-qualified deferred compensation plan. Investments are classified as trading securities and are valued based on quoted prices in active markets for identical assets that we have the ability to access. Investments are reported separately in Other assets on the Condensed Consolidated Balance Sheets. Investments include an unrealized gain of $0.6 million as of June 30, 2017 and unrealized gain of $0.6 million as of December 31, 2016 . We use the income approach to measure the fair value of derivative instruments on a recurring basis. This approach calculates the present value of the future cash flow by measuring the change between the derivative contract rate and the published market indicative currency rate, multiplied by the contract notional values, and applying an appropriate discount rate as well as a factor of credit risk. The contingent consideration relates to the earnout provision recorded in conjunction with the acquisition completed in the first quarter of 2016. The carrying amounts of cash and cash equivalents, trade receivables and payables, as well as financial instruments included in other current assets and other current liabilities, approximate fair values because of their short-term maturities. The carrying values and the estimated fair values of our debt financial instruments are summarized in the table below: As of June 30, 2017 As of December 31, 2016 (In millions) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Revolving credit facility, expires February 10, 2020 $ 244.2 $ 244.2 $ 342.1 $ 342.1 Term loan due February 10, 2020 150.0 150.0 150.0 150.0 Brazilian term loan due September 1, 2017 1.5 1.5 — — Brazilian loan due October 16, 2017 0.6 0.6 1.5 1.4 Foreign credit facilities 3.7 3.7 4.4 4.4 Other — — 1.2 1.2 There is no active or observable market for our fixed rate Brazilian loans. Therefore, the estimated fair value is based on discounted cash flows using current interest rates available for debt with similar terms and remaining maturities. The estimates of the all-in interest rate for discounting the loans are based on a broker quote for loans with similar terms. We do not have a rate adjustment for risk profile changes, covenant issues or credit rating changes, therefore the broker quote is deemed to be the closest approximation of current market rates. The carrying values of the remaining borrowings approximate their fair values due to their variable interest rates.

Derivative Financial Instrument

Derivative Financial Instruments and Risk Management	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Risk Management	DERIVATIVE FINANCIAL INSTRUMENTS AND RISK MANAGEMENT Derivative Financial Instruments All derivatives are recorded as other assets or liabilities in the Condensed Consolidated Balance Sheets at their respective fair values. For derivatives designated as cash flow hedges, the effective portion of the unrealized gain or loss related to the derivatives are recorded in Other comprehensive income (loss) until the transaction affects earnings. We assess both at inception of the hedge and on an ongoing basis, whether the derivative in the hedging transaction has been, and will continue to be, highly effective in offsetting changes in cash flows of the hedged item. The impact of any ineffectiveness is recognized in the Condensed Consolidated Statements of Income. Changes in the fair value of derivatives that do not meet the criteria for designation as a hedge are recognized in earnings. Foreign Exchange: We manufacture and sell products in a number of countries throughout the world and, as a result, we are exposed to movements in foreign currency exchange rates. Our major foreign currency exposures involve the markets in Western Europe, South America and Asia. Some of our sales and purchase contracts contain embedded derivatives due to the nature of doing business in certain jurisdictions, which we take into consideration as part of our risk management policy. The purpose of our foreign currency hedging activities is to manage the economic impact of exchange rate volatility associated with anticipated foreign currency purchases and sales made in the normal course of business. We primarily utilize forward foreign exchange contracts with maturities of less than 2 years in managing this foreign exchange rate risk. We have not designated these forward foreign exchange contracts, which have a notional value at June 30, 2017 of $399.0 million , as hedges and therefore do not apply hedge accounting. The following table presents the fair value of foreign currency derivatives included within the Condensed Consolidated Balance Sheets: As of June 30, 2017 As of December 31, 2016 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Other current assets / liabilities $ 8.6 $ 6.0 $ 7.2 $ 4.8 A master netting arrangement allows counterparties to net settle amounts owed to each other as a result of separate offsetting derivative transactions. We enter into master netting arrangements with our counterparties when possible to mitigate credit risk in derivative transactions by permitting us to net settle for transactions with the same counterparty. However, we do not net settle with such counterparties. As a result, we present derivatives at their gross fair values in the Condensed Consolidated Balance Sheets. As of June 30, 2017 and December 31, 2016 , information related to these offsetting arrangements was as follows: (In millions) As of June 30, 2017 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 8.8 $ — $ 8.8 $ (2.6 ) $ 6.2 (In millions) As of June 30, 2017 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 5.7 $ — $ 5.7 $ (2.6 ) $ 3.1 (In millions) As of December 31, 2016 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 7.2 $ — $ 7.2 $ (4.3 ) $ 2.9 (In millions) As of December 31, 2016 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 5.0 $ — $ 5.0 $ (4.3 ) $ 0.7 The following table presents the location and amount of the gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies, as well as the net impact recognized in the Condensed Consolidated Statements of Income: Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of Loss Recognized in Income on Derivatives Three Months Ended Six Months Ended (In millions) 2017 2016 2017 2016 Foreign exchange contracts Revenue $ (0.2 ) $ — $ (0.1 ) $ (0.5 ) Foreign exchange contracts Cost of sales 0.8 (0.2 ) 0.7 (0.3 ) Foreign exchange contracts Other income, net — 0.1 0.2 (0.1 ) Total 0.6 (0.1 ) 0.8 (0.9 ) Remeasurement of assets and liabilities in foreign currencies (0.6 ) 0.1 (0.9 ) (0.2 ) Net loss on foreign currency transactions $ — $ — $ (0.1 ) $ (1.1 ) Interest Rates : We have entered into three interest rate swaps to fix the interest rate applicable to certain of our variable-rate debt. The agreements swap one-month LIBOR for fixed rates. We have designated these swaps as cash flow hedges and all changes in fair value of the swaps are recognized in Accumulated other comprehensive income (loss). At June 30, 2017 , the fair value recorded in other assets on the Condensed Consolidated Balance Sheet was $0.2 million . The effective portion of these derivatives designated as cash flow hedges of ( $0.2 million ) has been reported in Other comprehensive income (loss), net of tax, on the Condensed Consolidated Statement of Comprehensive Income. Ineffectiveness from cash flow hedges, all of which are interest rate swaps, was immaterial as of June 30, 2017 . Refer to Note 9 . Fair Value Of Financial Instruments for a description of how the values of the above financial instruments are determined. Credit Risk By their nature, financial instruments involve risk including credit risk for non-performance by counterparties. Financial instruments that potentially subject us to credit risk primarily consist of trade receivables and derivative contracts. We manage the credit risk on financial instruments by transacting only with financially secure counterparties, requiring credit approvals and establishing credit limits, and monitoring counterparties’ financial condition. Our maximum exposure to credit loss in the event of non-performance by the counterparty is limited to the amount drawn and outstanding on the financial instrument. Allowances for losses are established based on collectability assessments.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES In the normal course of our business, we are at times subject to pending and threatened legal actions, some for which the relief or damages sought may be substantial. Although we are not able to predict the outcome of such actions, after reviewing all pending and threatened actions with counsel and based on information currently available, management believes that the outcome of such actions, individually or in the aggregate, will not have a material adverse effect on our results of operations or financial position. However, it is possible that the ultimate resolution of such matters, if unfavorable, may be material to our results of operations in a particular future period as the time and amount of any resolution of such actions and its relationship to the future results of operations are not currently known. Liabilities are established for pending legal claims only when losses associated with the claims are judged to be probable, and the loss can be reasonably estimated. In many lawsuits and arbitrations, it is not considered probable that a liability has been incurred or not possible to estimate the ultimate or minimum amount of that liability until the case is close to resolution, in which case no liability would be recognized until that time. We are currently the subject of an audit being conducted by the State of Delaware to determine whether we have complied with Delaware unclaimed property (escheat) laws. This audit is being conducted by an outside firm on behalf of the State of Delaware and covers the years from 1986 through the present. In addition to seeking the turnover of unclaimed property subject to escheat laws, the State of Delaware may seek interest, penalties, and other relief. We are not able to reasonably estimate a possible assessment from this audit at this time. Guarantees and Product Warranties In the ordinary course of business with customers, vendors and others, we issue standby letters of credit, performance bonds, surety bonds and other guarantees. These financial instruments, which totaled $171.1 million at June 30, 2017 , represent guarantees of our future performance. We also have provided $7.4 million of bank guarantees and letters of credit to secure a portion of our existing financial obligations. The majority of these financial instruments expire within two years ; we expect to replace them through the issuance of new or the extension of existing letters of credit and surety bonds. In some instances, we guarantee our customers’ financing arrangements. We are responsible for payment of any unpaid amounts, but will receive indemnification from third parties for between seventy-five and ninety-five percent of the contract values. In addition, we generally retain recourse to the equipment sold. As of June 30, 2017 , the gross value of such arrangements was $6.8 million , of which our net exposure under such guarantees was $0.5 million . We provide warranties of various lengths and terms to certain of our customers based on standard terms and conditions and negotiated agreements. We provide for the estimated cost of warranties at the time revenue is recognized for products where reliable, historical experience of warranty claims and costs exists. We also provide a warranty liability when additional specific obligations are identified. The warranty obligation reflected in other current liabilities in the consolidated balance sheets is based on historical experience by product and considers failure rates and the related costs in correcting a product failure. Warranty cost and accrual information were as follows: Three Months Ended Six Months Ended (In millions) 2017 2016 2017 2016 Balance at beginning of period $ 15.7 $ 12.8 $ 14.5 $ 12.5 Expense for new warranties 3.5 2.8 6.0 5.6 Adjustments to existing accruals (0.8 ) (0.2 ) (0.4 ) (0.4 ) Claims paid (3.9 ) (2.6 ) (7.4 ) (5.1 ) Added through acquisition — — 1.7 — Translation 0.2 (0.1 ) 0.3 0.1 Balance at end of period $ 14.7 $ 12.7 $ 14.7 $ 12.7

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Business Segment Information	BUSINESS SEGMENT INFORMATION Segment operating profit is defined as total segment revenue less segment operating expenses. Business segment information was as follows: Three Months Ended Six Months Ended (In millions) 2017 2016 2017 2016 Revenue: JBT FoodTech $ 278.9 $ 228.8 $ 520.5 $ 406.3 JBT AeroTech 107.1 100.5 210.0 190.6 Other revenue and intercompany eliminations 0.1 (0.5 ) 0.1 (1.0 ) Total revenue $ 386.1 $ 328.8 $ 730.6 $ 595.9 Income before income taxes Segment operating profit: JBT FoodTech $ 31.1 $ 31.0 $ 51.6 $ 49.8 JBT AeroTech 10.8 11.4 20.4 19.9 Total segment operating profit 41.9 42.4 72.0 69.7 Corporate items: Corporate expense (1) (11.6 ) (10.6 ) (20.8 ) (21.0 ) Restructuring expense (2) (0.6 ) (1.9 ) (1.0 ) (9.1 ) Operating income 29.7 29.9 50.2 39.6 Net interest expense (3.3 ) (2.2 ) (6.7 ) (4.2 ) Income from continuing operations before income taxes $ 26.4 $ 27.7 $ 43.5 $ 35.4 (1) Corporate expense generally includes corporate staff-related expense, stock-based compensation, pension and other postretirement benefit expenses not related to service, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations. (2) Refer to Note 13 . Restructuring for further information on restructuring expense.

Restructuring

Restructuring	6 Months Ended
	Jun. 30, 2017
Restructuring and Related Activities [Abstract]
Restructuring	RESTRUCTURING Restructuring costs primarily consist of employee separation benefits under our existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs, asset impairment charges and other costs that are associated with restructuring actions. Certain restructuring charges are accrued prior to payments made in accordance with applicable guidance. For such charges, the amounts are determined based on estimates prepared at the time the restructuring actions were approved by management. In the first quarter of 2016, we implemented our optimization program to realign FoodTech’s Protein business in North America and Liquid Foods business in Europe, accelerate JBT’s strategic sourcing initiatives, and consolidate smaller facilities. The total estimated cost in connection with this plan is approximately $12.0 million , with $11.1 million recorded to date. We released $0.4 during the six months ended June 30, 2017, $0.1 million during the three months ended June 30, 2017, which we no longer expect to pay in connection with this plan due to actual severance payments differing from the original estimates and natural attrition of employees. We recorded $0.7 million in restructuring expense, $0.6 million net of the release in the quarter, during the quarter ended June 30, 2017. Remaining payments required under this plan are expected to be made during 2017 and early 2018. During the fourth quarter of 2016 we recorded recorded a restructuring reserve of $4.0 million for a plan to consolidate certain facilities and optimize our general and administrative infrastructure within Tipper Tie. We recorded an addition al $0.5 million in re structuring reserve related to this plan during the quarter ended March 31, 2017. During the quarter ended June 30, 2017 we recorded an additional restructuring expense of $0.1 million . The total estimated remaining cost in connection with this plan is up to $0.5 million . Additional information regarding the gross amount reported in Restructuring Expense on the condensed consolidated statement of income is presented in the tables below (excluding any release in the period): Charges Incurred During the Charges Incurred During the Three Months Ended June 30, Six Months Ended June 30, (In millions) 2017 2016 2017 2016 Severance and related expense $ 0.1 $ — $ 0.6 $ 5.9 Other 0.6 1.9 0.8 3.2 Total restructuring charges to expense $ 0.7 $ 1.9 $ 1.4 $ 9.1 The restructuring expense is associated with the FoodTech segment, and is excluded from our calculation of segment operating profit. Expenses incurred during the three months ended June 30, 2017 primarily relate to costs to streamline operations and consolidate facilities as a direct result of our plan. Liability balances for restructuring activities are included in other current liabilities in the accompanying condensed consolidated balance sheets. The table below details the activities in 2017: (In millions) Balance as of Charged to Earnings Payments Made Release of Liability Balance as of Severance and related expense $ 8.3 $ 0.5 $ (2.4 ) $ (0.4 ) $ 6.0 Other 0.6 0.9 (0.8 ) — 0.7 Total $ 8.9 $ 1.4 $ (3.2 ) $ (0.4 ) $ 6.7

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On July 3, 2017 we completed our acquisition of Aircraft Maintenance Support Services, Ltd. (AMSS), a privately held manufacturer of military and commercial aviation equipment based in the United Kingdom. This acquisition will provide our AeroTech segment a focused strategic investment that will enhance our military offerings and provide us with expanded access to foreign militaries with our existing products. The total purchase price was £10.0 million ( $13.0 million ), which included £1.5 million of deferred payments to be paid at a later date, funded with cash on hand as well as borrowings under our revolving credit facility. We are in the process of determining the fair value of the opening balance sheet, and will disclose the allocation of the purchase price in our Quarterly Report on Form 10-Q for the third quarter. On July 31, 2017 we purchased PLF International Ltd. (PLF), a privately held, leading provider of powder filling systems for global food and beverage, and nutraceutical markets headquartered in Harwich (Essex), England. This acquisition will allow us to add PLF’s expertise and complementary products to our existing Liquid Foods platform, and provide a valuable extension to our portfolio and a critical presence in the high-value part of the package line. The total purchase price was £28.0 million ( $37.0 million ), which included £4.2 million of deferred payments to be paid at a later date, funded with cash on hand as well as borrowings under our revolving credit facility. We are in the process of determining the fair value of the opening balance sheet, and will disclose the allocation of the purchase price in our Quarterly Report on Form 10-Q for the third quarter.

Description of Business and B22

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation In accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, the accompanying unaudited condensed consolidated financial statements (the “interim financial statements”) do not include all of the information and notes for complete financial statements as required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). As such, the accompanying interim financial statements should be read in conjunction with the JBT Annual Report on Form 10-K for the year ended December 31, 2016 , which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated balance sheet was derived from audited financial statements. In the opinion of management, the interim financial statements reflect all normal recurring adjustments necessary for a fair presentation of our financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the interim results and trends in the interim financial statements may not be representative of those for the full year or any future period.
Use of Estimates	Use of estimates Preparation of financial statements that follow U.S. GAAP requires management to make estimates and judgments 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 reporting period. Actual results could differ from these estimates.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards Not Yet Adopted	Recently adopted accounting standards In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) – Simplifying the Measurement of Inventory . The core principle of the ASU is that entities that historically used the lower of cost or market in the subsequent measurement of inventory will instead be required to measure inventory at the lower of cost and net realizable value. The guidance will not change U.S. GAAP for inventory measured using LIFO or the retail inventory method. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2016. This guidance became effective for us as of January 1, 2017 and there was no effect on our consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-09, Stock Compensation (Topic 718) - Improvements to Employee Share-Based Payment Accounting . The new guidance was developed as part of the FASB’s simplification initiative. The core principle of the ASU requires income tax effects of awards to be recognized in the income statement when the awards vest or are settled, and eliminates the requirement to report excess tax benefits in additional paid-in capital (APIC pool). It also allows an employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting, and allows an employer to make a policy election to account for forfeitures as they occur. The new standard became effective for us as of January 1, 2017. During the first quarter 2017, 278,316 awards vested, and resulted in a $5.8 million tax benefit reported in earnings, and is classified as an operating activity within the condensed consolidated Statements of Cash Flows. The elimination of the APIC pool affects the treasury stock method used to calculate weighted average shares outstanding; however, the impact was not material. We elected to change our policy surrounding forfeitures, and beginning January 2017 we no longer estimate the number of awards expected to be forfeited but rather account for them as they occur. We are required to implement this portion of the guidance using a modified retrospective approach, and as such have recorded a cumulative adjustment of $0.6 million in retained earnings as of January 1, 2017. We also amended our incentive compensation and stock plan to allow JBT to have the discretion to withhold up to the maximum statutory rates, on an individual tax basis. A liability was not established as the withholding limits do not exceed the maximum. Cash paid for tax withholdings are classified as financing activity on the condensed consolidated Statement of Cash Flows, consistent with prior years. Recently issued accounting standards not yet adopted Beginning in 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), plus a number of related ASU’s designed to clarify and interpret Topic 606. The new standard will replace most existing revenue recognition guidance in U.S. GAAP. The core principle of the ASU requires companies to reevaluate when revenue is recorded based upon newly defined criteria, either at a point in time or over time as goods or services are delivered. The ASU requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and estimates, and changes in those estimates. The new standard becomes effective for us as of January 1, 2018, with the option to early adopt the standard for annual periods beginning on or after December 15, 2016, and allows for both retrospective and modified-retrospective methods of adoption. As previously disclosed, we preliminarily concluded that we would apply the full retrospective transition method to adopt Topic 606, employing certain practical expedients, and restating our consolidated financial statements for 2016 and 2017. This decision was primarily driven by the desire to present comparative Topic 606 results for all years presented. During 2017 as we continued to evaluate the benefits and drawbacks of both transition methods, we have realized that the comparability year-over-year is limited using certain practical expedients, and without the practical expedients, the retrospective transition method would require a significant amount of time and effort without assurance that it would provide meaningful additional information. In addition we have identified system limitations in obtaining the historical data needed to retrospectively restate. Therefore we plan to adopt Topic 606 on a modified-retrospective basis. In 2016, we completed our gap assessment and determined that approximately 30 - 40% of our total revenues will be subject to change dependent on the nature of the production process and contract terms. We believe that we will qualify for over time recognition for certain of our manufactured equipment as well as refurbishments. Under the new rules, revenue recognized for such projects in the future will result in an acceleration of revenue as compared to our current revenue recognition methodology of recognizing revenue at a point in time. We are continuing to quantify the impact of this change. We continue to execute our implementation plan and are in the process of developing new revenue accounting policies and processes; changing our internal controls over revenue recognition; implementing system changes and enhancements; and creating pro forma disclosures. We expect to complete such activities in the third quarter of 2017 and begin our transition evaluation for all contracts that will not be completed on January 1, 2018 in the fourth quarter of 2017. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new standard will replace most existing lease guidance in U.S. GAAP. The core principle of the ASU is that lessees are required to report a right to use asset and a lease payment obligation on the balance sheet but recognize expenses on their income statements in a manner similar to today’s accounting, and for lessors the guidance remains substantially similar to current U.S. GAAP. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2018. However, early adoption is permitted. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. We have not yet evaluated and cannot determine the impact this standard will have on our consolidated financial statements and related disclosures. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments and Restricted Cash . The new guidance is intended to reduce the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The core principle of the ASU requires the classification of eight specific cash flow issues identified under ASC 230 to be presented as either financing, investing or operating, or some combination thereof, depending upon the nature of the issue. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted. Entities are required to use a retrospective transition approach for all of the issues identified for each period presented. We are currently evaluating the effect, if any, that the ASU will have on our consolidated financial statements and related disclosures. In October 2016, the FASB issued ASU 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory . The new guidance is intended to simplify the accounting for intercompany asset transfers. The core principle requires an entity to immediately recognize the tax consequences of intercompany asset transfers. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted only at the beginning of an annual period for which no financial statements (interim or annual) have already been issued. The Company anticipates the adoption in the effective period and we are currently evaluating the effect, if any, that the ASU will have on our consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) - Clarifying the Definition of a Business . The core principle of the ASU is to clarify the definition of a business to require certain transactions to be accounted for as business combinations versus an acquisition of assets. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted for transactions that have occurred prior to the issuance of this update, but have not yet been disclosed in previous financial statements. The Company anticipates the adoption in the effective period and we are currently evaluating the effect, if any, that the ASU will have on our consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment. The new guidance will simplify the accounting for goodwill impairment. The core principle of the ASU is to remove the requirement to calculate an implied fair value to determine impairment (Step 2 of the goodwill impairment test) and allow instead for goodwill impairment to equal the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2019. However, early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not anticipate that the ASU will have a material effect on our consolidated financial statements and related disclosures. In March 2017, the FASB issued ASU No. 2017-07, Compensation - Retirement Benefits (ASC 715) - Improving the Presentation of Net Periodic Pension Costs and Net Periodic Postretirement Benefit Cost. The new guidance will improve the presentation of pension cost by providing additional guidance on the presentation of net benefit cost in the income statement and on the components eligible for capitalization in assets. The core principle of the ASU is to provide more transparency in the presentation of these costs by requiring the service cost component to be reported in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented separately from the service cost component and outside a subtotal of income from operations. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company anticipates the adoption in the effective period and we are currently evaluating the effect, if any, that the ASU will have on our consolidated financial statements and related disclosures. In May 2017, the FASB issued ASU No. 2017-09, Compensation - Stock Compensation (ASC 718) - Scope of Modification Accounting. The amendments provide guidance as to how an entity should apply modified accounting in Topic 718 when changing the terms and conditions of its share-based payment awards. The core principle of the ASU is to provide clarity, and reduce the variation in applied practice, as well as, cost and complexity in changing the terms and conditions in an entity's share-based payment awards. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2017. However, early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company does not anticipate that the ASU will have a material effect, if any, on our consolidated financial statements and related disclosures.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Schedule of business combinations	A summary of the acquisitions made during the period is as follows: Date Type Company/Product Line Location (Near) Segment February 24, 2017 Stock Avure Technologies, Inc. Middletown, OH FoodTech Manufacturer of high pressure processing (HPP) systems. HPP is a cold pasteurization technology that ensures food safety without heat or preservatives, maintaining fresh food characteristics such as flavor and nutritional value, while extending shelf life. November 1, 2016 Stock Tipper Tie Inc. Apex, NC FoodTech Manufacturer of engineered processing and packaging solutions, and related consumables to the food industry. October 14, 2016 Asset Cooling and Applied Technologies (C.A.T.) Russellville, AR FoodTech Manufacturer of value-added food solutions primarily for the poultry industry. February 17, 2016 Asset Novus X-Ray LLC Doylestown, PA FoodTech Manufacturer of modular X-Ray systems for the automated food inspection industry.
Schedule of assets acquired and liabilities assumed	The following presents the allocation of acquisition costs to the assets acquired and the liabilities assumed, based on their estimated values: Avure (1) Tipper Tie (1) C.A.T. (1) Other Total (In millions) Financial assets $ 6.7 $ 28.7 $ 3.3 $ 0.4 $ 39.1 Inventories 14.4 17.2 16.4 0.3 48.3 Property, plant and equipment 4.5 17.0 2.9 0.1 24.5 Other intangible assets (2) 20.8 66.3 48.0 2.4 137.5 Deferred taxes (7.8 ) (5.6 ) — — (13.4 ) Financial liabilities (10.1 ) (21.1 ) (14.9 ) (0.9 ) (47.0 ) Total identifiable net assets $ 28.5 $ 102.5 $ 55.7 $ 2.3 $ 189.0 Cash consideration paid $ 58.9 $ 160.6 $ 72.7 $ 3.3 $ 295.5 Holdback payments due to seller — — 12.0 — 12.0 Total consideration $ 58.9 $ 160.6 $ 84.7 $ 3.3 $ 307.5 Goodwill $ 30.4 $ 58.1 $ 29.0 $ 1.0 $ 118.5 (1) The purchase accounting for these acquisitions is preliminary as the valuation of income tax balances and residual goodwill related to each is not complete. We are also currently assessing the amount of goodwill that we expect to be deductible for tax purposes. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). During the quarter ended June 30, 2017 we refined our other intangible asset estimates for Avure by $2.6 million , deferred taxes by $(0.7) million and inventory by $(0.7) million . The impact of these adjustments was reflected as a decrease in goodwill of $1.2 million , and resulted in an immaterial impact to the consolidated statement of income. All other measurement period adjustments in the quarter and six months ended June 30, 3017 were not material. (2) The acquired definite-lived intangibles are being amortized on a straight-line basis over their estimated useful lives, which range from five to fourteen years. The tradename intangible assets for Avure, Tipper Tie and C.A.T. have been identified as indefinite-lived intangible asset and will be reviewed annually for impairment.
Schedule of pro forma information	The following information reflects the results of JBT’s operations for the three and six months ended June 30, 2017 and 2016 on a pro forma basis as if the acquisitions of Tipper Tie and C.A.T. had been completed on January 1, 2015. Pro forma adjustments have been made to illustrate the incremental impact on earnings of interest costs on the borrowings to acquire the companies, amortization expense related to acquire intangible assets, depreciation expense related to the fair value of the acquired depreciable tangible assets and the related tax impact associated with the incremental interest costs and amortization and depreciation expense. Three Months Ended June 30, Six Months Ended June 30, ($ in millions, except per share data) 2017 2016 2017 2016 Revenue Pro forma $ 386.1 $ 361.4 $ 730.6 $ 659.1 As reported 386.1 328.8 730.6 595.5 Net Earnings Pro forma $ 18.4 $ 20.6 $ 36.0 $ 28.0 As reported 18.3 18.8 35.9 24.0 Net earnings from continuing operations per share Pro forma Basic $ 0.58 $ 0.70 $ 1.16 $ 0.95 Fully diluted 0.57 0.69 1.15 0.94 As reported Basic $ 0.57 $ 0.64 $ 1.16 $ 0.81 Fully diluted 0.57 0.63 1.14 0.80

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in the carrying amount of goodwill by business segment were as follows: (In millions) JBT FoodTech JBT AeroTech Total Balance as of December 31, 2016 $ 231.8 $ 7.7 $ 239.5 Acquisitions 33.9 — 33.9 Currency translation 4.7 — 4.7 Balance as of June 30, 2017 $ 270.4 $ 7.7 $ 278.1
Schedule of finite-lived intangible assets	Intangible assets consisted of the following: June 30, 2017 December 31, 2016 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationships $ 148.1 $ 27.4 $ 141.5 $ 21.5 Patents and acquired technology 80.3 28.5 64.8 24.5 Tradenames 18.6 9.0 18.1 8.4 Indefinite lived intangible assets 13.9 — 9.5 — Other 14.5 8.7 14.8 8.3 Total intangible assets $ 275.4 $ 73.6 $ 248.7 $ 62.7
Schedule of indefinite-lived intangible assets	Intangible assets consisted of the following: June 30, 2017 December 31, 2016 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationships $ 148.1 $ 27.4 $ 141.5 $ 21.5 Patents and acquired technology 80.3 28.5 64.8 24.5 Tradenames 18.6 9.0 18.1 8.4 Indefinite lived intangible assets 13.9 — 9.5 — Other 14.5 8.7 14.8 8.3 Total intangible assets $ 275.4 $ 73.6 $ 248.7 $ 62.7

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: (In millions) June 30, 2017 December 31, 2016 Raw materials $ 66.8 $ 62.9 Work in process 87.3 57.3 Finished goods 111.1 86.2 Gross inventories before LIFO reserves and valuation adjustments 265.2 206.4 LIFO reserves and valuation adjustments (66.9 ) (66.8 ) Inventories, net $ 198.3 $ 139.6

Pension (Tables)

Pension (Tables)	6 Months Ended
	Jun. 30, 2017
Retirement Benefits [Abstract]
Components of net periodic benefit cost (income)	Components of net periodic benefit cost (income) were as follows: Pension Benefits Three Months Ended Six Months Ended (In millions) 2017 2016 2017 2016 Service cost $ 0.4 $ 0.3 $ 0.8 $ 0.7 Interest cost 2.7 2.9 5.4 5.7 Expected return on plan assets (4.3 ) (4.5 ) (8.6 ) (9.0 ) Amortization of net actuarial losses 1.3 1.0 2.6 2.1 Net periodic cost (income) $ 0.1 $ (0.3 ) $ 0.2 $ (0.5 )

Accumulated Other Comprehensi27

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Changes in the AOCI Balances	Changes in the AOCI balances for the three months ended June 30, 2017 and 2016 by component are shown in the following tables: Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, March 31, 2017 $ (107.8 ) $ 0.3 $ (44.0 ) $ (151.5 ) Other comprehensive income (loss) before reclassification — (0.3 ) 8.7 8.4 Amounts reclassified from accumulated other comprehensive income 0.8 0.2 — 1.0 Ending balance, June 30, 2017 $ (107.0 ) $ 0.2 $ (35.3 ) $ (142.1 ) Changes in the AOCI balances for the six months ended June 30, 2017 and 2016 by component are shown in the following tables: Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, December 31, 2016 $ (108.6 ) $ (0.1 ) $ (48.3 ) $ (157.0 ) Other comprehensive income before reclassification — (0.1 ) 13.0 12.9 Amounts reclassified from accumulated other comprehensive income 1.6 0.4 — 2.0 Ending balance, June 30, 2017 $ (107.0 ) $ 0.2 $ (35.3 ) $ (142.1 ) Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, December 31, 2015 $ (103.8 ) $ (0.8 ) $ (42.6 ) $ (147.2 ) Other comprehensive income before reclassification — (3.6 ) 3.9 0.3 Amounts reclassified from accumulated other comprehensive income 1.2 0.4 — 1.6 Ending balance, June 30, 2016 $ (102.6 ) $ (4.0 ) $ (38.7 ) $ (145.3 ) Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, March 31, 2016 $ (103.3 ) $ (3.0 ) $ (35.0 ) $ (141.3 ) Other comprehensive income (loss) before reclassification 0.1 (1.2 ) (3.7 ) (4.8 ) Amounts reclassified from accumulated other comprehensive income 0.6 0.2 — 0.8 Ending balance, June 30, 2016 $ (102.6 ) $ (4.0 ) $ (38.7 ) $ (145.3 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the respective periods and our basic and diluted shares outstanding: Three Months Ended Six Months Ended (In millions, except per share data) 2017 2016 2017 2016 Basic earnings per share: Income from continuing operations $ 18.3 $ 18.8 $ 35.9 $ 24.0 Weighted average number of shares outstanding 31.9 29.4 31.0 29.4 Basic earnings per share from continuing operations $ 0.57 $ 0.64 $ 1.16 $ 0.81 Diluted earnings per share: Income from continuing operations $ 18.3 $ 18.8 $ 35.9 $ 24.0 Weighted average number of shares outstanding 31.9 29.4 31.0 29.4 Effect of dilutive securities: Restricted stock 0.4 0.4 0.4 0.4 Total shares and dilutive securities 32.3 29.8 31.4 29.8 Diluted earnings per share from continuing operations $ 0.57 $ 0.63 $ 1.14 $ 0.80

Fair Value of Financial Instr29

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities measured at fair value on a recurring basis	Financial assets and financial liabilities measured at fair value on a recurring basis are as follows: As of June 30, 2017 As of December 31, 2016 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 12.2 $ 12.2 $ — $ — $ 11.9 $ 11.9 $ — $ — Derivatives 8.8 — 8.8 — 7.2 — 7.2 — Total assets $ 21.0 $ 12.2 $ 8.8 $ — $ 19.1 $ 11.9 $ 7.2 $ — Liabilities: Derivatives $ 5.7 $ — $ 5.7 $ — $ 5.0 $ — $ 5.0 $ — Contingent consideration 0.9 — — 0.9 0.8 — — 0.8 Total liabilities $ 6.6 $ — $ 5.7 $ 0.9 $ 5.8 $ — $ 5.0 $ 0.8
Schedule of carrying values and estimated fair values of debt financial instruments	The carrying values and the estimated fair values of our debt financial instruments are summarized in the table below: As of June 30, 2017 As of December 31, 2016 (In millions) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Revolving credit facility, expires February 10, 2020 $ 244.2 $ 244.2 $ 342.1 $ 342.1 Term loan due February 10, 2020 150.0 150.0 150.0 150.0 Brazilian term loan due September 1, 2017 1.5 1.5 — — Brazilian loan due October 16, 2017 0.6 0.6 1.5 1.4 Foreign credit facilities 3.7 3.7 4.4 4.4 Other — — 1.2 1.2

Derivative Financial Instrume30

Derivative Financial Instruments and Risk Management (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair value of foreign currency derivatives in balance sheet	The following table presents the fair value of foreign currency derivatives included within the Condensed Consolidated Balance Sheets: As of June 30, 2017 As of December 31, 2016 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Other current assets / liabilities $ 8.6 $ 6.0 $ 7.2 $ 4.8
Schedule of derivative assets at fair value	As of June 30, 2017 and December 31, 2016 , information related to these offsetting arrangements was as follows: (In millions) As of June 30, 2017 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 8.8 $ — $ 8.8 $ (2.6 ) $ 6.2 (In millions) As of December 31, 2016 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 7.2 $ — $ 7.2 $ (4.3 ) $ 2.9
Schedule of derivative liabilities at fair value	(In millions) As of June 30, 2017 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 5.7 $ — $ 5.7 $ (2.6 ) $ 3.1 (In millions) As of December 31, 2016 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 5.0 $ — $ 5.0 $ (4.3 ) $ 0.7
Schedule of location and amount of gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies	The following table presents the location and amount of the gain (loss) on foreign currency derivatives and on the remeasurement of assets and liabilities denominated in foreign currencies, as well as the net impact recognized in the Condensed Consolidated Statements of Income: Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of Loss Recognized in Income on Derivatives Three Months Ended Six Months Ended (In millions) 2017 2016 2017 2016 Foreign exchange contracts Revenue $ (0.2 ) $ — $ (0.1 ) $ (0.5 ) Foreign exchange contracts Cost of sales 0.8 (0.2 ) 0.7 (0.3 ) Foreign exchange contracts Other income, net — 0.1 0.2 (0.1 ) Total 0.6 (0.1 ) 0.8 (0.9 ) Remeasurement of assets and liabilities in foreign currencies (0.6 ) 0.1 (0.9 ) (0.2 ) Net loss on foreign currency transactions $ — $ — $ (0.1 ) $ (1.1 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of warranty cost and accrual information	Warranty cost and accrual information were as follows: Three Months Ended Six Months Ended (In millions) 2017 2016 2017 2016 Balance at beginning of period $ 15.7 $ 12.8 $ 14.5 $ 12.5 Expense for new warranties 3.5 2.8 6.0 5.6 Adjustments to existing accruals (0.8 ) (0.2 ) (0.4 ) (0.4 ) Claims paid (3.9 ) (2.6 ) (7.4 ) (5.1 ) Added through acquisition — — 1.7 — Translation 0.2 (0.1 ) 0.3 0.1 Balance at end of period $ 14.7 $ 12.7 $ 14.7 $ 12.7

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Schedule of segment revenue and operating profit	Business segment information was as follows: Three Months Ended Six Months Ended (In millions) 2017 2016 2017 2016 Revenue: JBT FoodTech $ 278.9 $ 228.8 $ 520.5 $ 406.3 JBT AeroTech 107.1 100.5 210.0 190.6 Other revenue and intercompany eliminations 0.1 (0.5 ) 0.1 (1.0 ) Total revenue $ 386.1 $ 328.8 $ 730.6 $ 595.9 Income before income taxes Segment operating profit: JBT FoodTech $ 31.1 $ 31.0 $ 51.6 $ 49.8 JBT AeroTech 10.8 11.4 20.4 19.9 Total segment operating profit 41.9 42.4 72.0 69.7 Corporate items: Corporate expense (1) (11.6 ) (10.6 ) (20.8 ) (21.0 ) Restructuring expense (2) (0.6 ) (1.9 ) (1.0 ) (9.1 ) Operating income 29.7 29.9 50.2 39.6 Net interest expense (3.3 ) (2.2 ) (6.7 ) (4.2 ) Income from continuing operations before income taxes $ 26.4 $ 27.7 $ 43.5 $ 35.4 (1) Corporate expense generally includes corporate staff-related expense, stock-based compensation, pension and other postretirement benefit expenses not related to service, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations. (2) Refer to Note 13 . Restructuring for further information on restructuring expense.

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jun. 30, 2017
Restructuring and Related Activities [Abstract]
Schedule of restructuring activities	Additional information regarding the gross amount reported in Restructuring Expense on the condensed consolidated statement of income is presented in the tables below (excluding any release in the period): Charges Incurred During the Charges Incurred During the Three Months Ended June 30, Six Months Ended June 30, (In millions) 2017 2016 2017 2016 Severance and related expense $ 0.1 $ — $ 0.6 $ 5.9 Other 0.6 1.9 0.8 3.2 Total restructuring charges to expense $ 0.7 $ 1.9 $ 1.4 $ 9.1
Schedule of restructuring reserve by type of cost	Liability balances for restructuring activities are included in other current liabilities in the accompanying condensed consolidated balance sheets. The table below details the activities in 2017: (In millions) Balance as of Charged to Earnings Payments Made Release of Liability Balance as of Severance and related expense $ 8.3 $ 0.5 $ (2.4 ) $ (0.4 ) $ 6.0 Other 0.6 0.9 (0.8 ) — 0.7 Total $ 8.9 $ 1.4 $ (3.2 ) $ (0.4 ) $ 6.7

Description of Business and B34

Description of Business and Basis of Presentation - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effective income tax rate reconciliation, share-based compensation, excess tax benefit amount	$ 5.8
Additional Paid-in Capital | Accounting Standards Update 2016-09, Forfeiture Rate Component
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption		$ (0.6)
Retained Earnings | Accounting Standards Update 2016-09, Forfeiture Rate Component
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption		$ 0
Minimum | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effect of new accounting principle, percentage of revenues impacted by adoption	30.00%
Maximum | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effect of new accounting principle, percentage of revenues impacted by adoption	40.00%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	4 Months Ended
	Feb. 24, 2017USD ($)acquisition
Business Combinations [Abstract]
Number of acquisitions | acquisition	4
Consideration paid to acquire business | $	$ 307.5

Acquisitions - Fair Values of A

Acquisitions - Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Feb. 24, 2017	Feb. 17, 2017	Nov. 01, 2016	Oct. 14, 2016	Jun. 30, 2017	Feb. 24, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Financial assets	$ 39.1					$ 39.1
Property, plant and equipment	48.3					48.3
Financial liabilities	24.5					24.5
Other intangible assets	137.5					137.5
Deferred taxes	(13.4)					(13.4)
Financial liabilities	(47)					(47)
Total identifiable net assets	189					189
Cash consideration paid						295.5	$ 62.1	$ 3.2
Holdback payments due to seller						12
Total cash consideration paid and accrued						307.5
Goodwill	118.5				$ 278.1	118.5	$ 278.1		$ 239.5
Avure Technologies, Inc.
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Financial assets	6.7					6.7
Property, plant and equipment	14.4					14.4
Financial liabilities	4.5					4.5
Other intangible assets	20.8					20.8
Deferred taxes	(7.8)					(7.8)
Financial liabilities	(10.1)					(10.1)
Total identifiable net assets	28.5					28.5
Cash consideration paid	58.9
Total cash consideration paid and accrued	58.9
Goodwill	$ 30.4					$ 30.4
Business combination, initial accounting incomplete, adjustment, intangibles					2.6
Business combination, initial accounting incomplete, adjustment, deferred taxes					(0.7)
Business combination, initial accounting incomplete, adjustment, inventory					(0.7)
Goodwill, purchase accounting adjustments					$ 1.2
Tipper Tie, Inc.
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Financial assets			$ 28.7
Property, plant and equipment			17.2
Financial liabilities			17
Other intangible assets			66.3
Deferred taxes			(5.6)
Financial liabilities			(21.1)
Total identifiable net assets			102.5
Cash consideration paid			160.6
Total cash consideration paid and accrued			160.6
Goodwill			$ 58.1
Cooling and Applied Technologies, Inc.
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Financial assets				$ 3.3
Property, plant and equipment				16.4
Financial liabilities				2.9
Other intangible assets				48
Financial liabilities				(14.9)
Total identifiable net assets				55.7
Cash consideration paid				72.7
Holdback payments due to seller				12
Total cash consideration paid and accrued				84.7
Goodwill				$ 29
Other
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Financial assets		$ 0.4
Property, plant and equipment		0.3
Financial liabilities		0.1
Other intangible assets		2.4
Financial liabilities		(0.9)
Total identifiable net assets		2.3
Cash consideration paid		3.3
Total cash consideration paid and accrued		3.3
Goodwill		$ 1
Minimum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Acquired finite-lived intangible assets, useful life						5 years
Maximum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Acquired finite-lived intangible assets, useful life						14 years

Acquisitions - Proforma (Detail

Acquisitions - Proforma (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenue
As reported	$ 386.1	$ 328.8	$ 730.6	$ 595.9
Net Earnings
As reported	$ 18.3	$ 18.8	$ 35.9	$ 24
Net earnings from continuing operations per share
As Reported Basic (in dollars per share)	$ 0.56	$ 0.64	$ 1.14	$ 0.81
As Reported Fully Diluted (in dollars per share)	$ 0.56	$ 0.63	$ 1.12	$ 0.80
Cooling and Applied Technologies, Inc. and Tipper Tie, Inc.
Revenue
Pro forma	$ 386.1	$ 361.4	$ 730.6	$ 659.1
As reported	386.1	328.8	730.6	595.5
Net Earnings
Pro forma	18.4	20.6	36	28
As reported	$ 18.3	$ 18.8	$ 35.9	$ 24
Net earnings from continuing operations per share
Pro Forma Basic (in dollars per share)	$ 0.58	$ 0.70	$ 1.16	$ 0.95
Pro Forma Fully Diluted (in dollars per share)	0.57	0.69	1.15	0.94
As Reported Basic (in dollars per share)	0.57	0.64	1.16	0.81
As Reported Fully Diluted (in dollars per share)	$ 0.57	$ 0.63	$ 1.14	$ 0.80

Goodwill and Intangible Asset38

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)
Goodwill [Roll Forward]
December 31, 2016	$ 239.5
Acquisitions	33.9
Currency translation	4.7
June 30, 2017	278.1
JBT FoodTech
Goodwill [Roll Forward]
December 31, 2016	231.8
Acquisitions	33.9
Currency translation	4.7
June 30, 2017	270.4
JBT AeroTech
Goodwill [Roll Forward]
December 31, 2016	7.7
Acquisitions	0
Currency translation	0
June 30, 2017	$ 7.7

Goodwill and Intangible Asset39

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 275.4	$ 248.7
Accumulated amortization	73.6	62.7
Non-amortizing intangible assets	13.9	9.5
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	148.1	141.5
Accumulated amortization	27.4	21.5
Patents and acquired technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	80.3	64.8
Accumulated amortization	28.5	24.5
Tradenames
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	18.6	18.1
Accumulated amortization	9	8.4
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	14.5	14.8
Accumulated amortization	$ 8.7	$ 8.3

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Raw materials	$ 66.8	$ 62.9
Work in process	87.3	57.3
Finished goods	111.1	86.2
Gross inventories before LIFO reserves and valuation adjustments	265.2	206.4
LIFO reserves and valuation adjustments	(66.9)	(66.8)
Inventories, net	$ 198.3	$ 139.6

Pension - Narrative (Details)

Pension - Narrative (Details)	6 Months Ended
	Jun. 30, 2017USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions to pension and other postretirement benefit plans in current year	$ 12,000,000
Employer contributions made	$ 0

Pension - Components of Net Per

Pension - Components of Net Periodic Benefit Cost (Details) - Pension Benefits - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.4	$ 0.3	$ 0.8	$ 0.7
Interest cost	2.7	2.9	5.4	5.7
Expected return on plan assets	(4.3)	(4.5)	(8.6)	(9)
Amortization of net actuarial losses	1.3	1	2.6	2.1
Net periodic cost (income)	$ 0.1	$ (0.3)	$ 0.2	$ (0.5)

Stockholder's Equity (Details)

Stockholder's Equity (Details) - Common Stock $ in Millions	Mar. 13, 2017USD ($)shares
Class of Stock [Line Items]
Stock issued during period, shares, new issues | shares	2,300,000
Proceeds from issuance of common stock | $	$ 184.1

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Income (Loss) - Change in AOCI Balances (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling, general and administrative expense	$ 77	$ 58	$ 147.5	$ 111.9
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			179.9
Ending balance	402.7		402.7
Provision for income taxes	8.1	8.9	7.6	11.4
Interest expense, net	3.3	2.2	6.7	4.2
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(151.5)	(141.3)	(157)	(147.2)
Other comprehensive income (loss) before reclassification	8.4	(4.8)	12.9	0.3
Amounts reclassified from accumulated other comprehensive income	1	0.8	2	1.6
Ending balance	(142.1)	(145.3)	(142.1)	(145.3)
Pension and Other Postretirement Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(107.8)	(103.3)	(108.6)	(103.8)
Other comprehensive income (loss) before reclassification	0	0.1	0	0
Amounts reclassified from accumulated other comprehensive income	0.8	0.6	1.6	1.2
Ending balance	(107)	(102.6)	(107)	(102.6)
Derivatives Designated as Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	0.3	(3)	(0.1)	(0.8)
Other comprehensive income (loss) before reclassification	(0.3)	(1.2)	(0.1)	(3.6)
Amounts reclassified from accumulated other comprehensive income	0.2	0.2	0.4	0.4
Ending balance	0.2	(4)	0.2	(4)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(44)	(35)	(48.3)	(42.6)
Other comprehensive income (loss) before reclassification	8.7	(3.7)	13	3.9
Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Ending balance	(35.3)	(38.7)	(35.3)	(38.7)
Reclassification out of Accumulated Other Comprehensive Income | Pension and Other Postretirement Benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling, general and administrative expense	1.3	0.9	2.6	1.8
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Provision for income taxes	0.5	0.3	1	0.6
Reclassification out of Accumulated Other Comprehensive Income | Derivatives Designated as Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Provision for income taxes	0.1	0.1	0.3	0.2
Interest expense, net	$ 0.3	$ 0.3	$ 0.7	$ 0.6

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling, general and administrative expense	$ 77	$ 58	$ 147.5	$ 111.9
Provision for income taxes	8.1	8.9	7.6	11.4
Interest expense, net	3.3	2.2	6.7	4.2
Reclassification out of Accumulated Other Comprehensive Income | Pension and Other Postretirement Benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling, general and administrative expense	1.3	0.9	2.6	1.8
Provision for income taxes	0.5	0.3	1	0.6
Reclassification out of Accumulated Other Comprehensive Income | Derivatives Designated as Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision for income taxes	0.1	0.1	0.3	0.2
Interest expense, net	$ 0.3	$ 0.3	$ 0.7	$ 0.6

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Basic earnings per share:
Income from continuing operations	$ 18.3	$ 18.8	$ 35.9	$ 24
Weighted average number of shares outstanding (in shares)	31.9	29.4	31	29.4
Basic earnings per share from continuing operations (in dollars per share)	$ 0.57	$ 0.64	$ 1.16	$ 0.81
Diluted earnings per share:
Income from continuing operations	$ 18.3	$ 18.8	$ 35.9	$ 24
Weighted average number of shares outstanding (in shares)	31.9	29.4	31	29.4
Effect of dilutive securities:
Restricted stock (in shares)	0.4	0.4	0.4	0.4
Total shares and dilutive securities (in shares)	32.3	29.8	31.4	29.8
Diluted earnings per share from continuing operations (in dollars per share)	$ 0.57	$ 0.63	$ 1.14	$ 0.80

Fair Value of Financial Instr47

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Unrealized gain (loss) on investments	$ 0.6	$ (0.6)

Fair Value of Financial Instr48

Fair Value of Financial Instruments - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Assets:
Derivatives	$ 8.8	$ 7.2
Liabilities:
Derivatives	5.7	5
Fair Value, Measurements, Recurring
Assets:
Investments	12.2	11.9
Derivatives	8.8	7.2
Total assets	21	19.1
Liabilities:
Derivatives	5.7	5
Contingent consideration	0.9	0.8
Total liabilities	6.6	5.8
Fair Value, Measurements, Recurring | Level 1
Assets:
Investments	12.2	11.9
Derivatives	0	0
Total assets	12.2	11.9
Liabilities:
Derivatives	0	0
Contingent consideration	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 2
Assets:
Investments	0	0
Derivatives	8.8	7.2
Total assets	8.8	7.2
Liabilities:
Derivatives	5.7	5
Contingent consideration	0	0
Total liabilities	5.7	5
Fair Value, Measurements, Recurring | Level 3
Assets:
Investments	0	0
Derivatives	0	0
Total assets	0	0
Liabilities:
Derivatives	0	0
Contingent consideration	0.9	0.8
Total liabilities	$ 0.9	$ 0.8

Fair Value of Financial Instr49

Fair Value of Financial Instruments - Schedule of Carrying Values and Estimated Fair Values of Debt Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Revolving credit facility, expires February 10, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value, line of credit	$ 244.2	$ 342.1
Estimated fair value, line of credit	244.2	342.1
Term loan due February 10, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value, long-term debt	150	150
Estimated fair value, long-term debt	150	150
Brazilian term loan due September 1, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value, long-term debt	1.5	0
Estimated fair value, long-term debt	1.5	0
Brazilian loan due October 16, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value, long-term debt	0.6	1.5
Estimated fair value, long-term debt	0.6	1.4
Foreign credit facilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value, line of credit	3.7	4.4
Estimated fair value, line of credit	3.7	4.4
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value, long-term debt	0	1.2
Estimated fair value, long-term debt	$ 0	$ 1.2

Derivative Financial Instrume50

Derivative Financial Instruments and Risk Management - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)derivative	Dec. 31, 2016USD ($)
Derivatives, Fair Value [Line Items]
Fair value of derivative liability	$ 5.7	$ 5
Not Designated as Hedging Instrument | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative, term of contract (less than)	2 years
Notional amount	$ 399
Cash Flow Hedging | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Number of derivative instruments held | derivative	3
Gain recognized in other comprehensive income (loss), effective portion	$ 0.2
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair value of derivative liability	$ 0.2

Derivative Financial Instrume51

Derivative Financial Instruments and Risk Management - Fair Value of Foreign Currency Derivatives in Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative asset, current	$ 8.6	$ 7.2
Derivative liability, current	$ 6	$ 4.8

Derivative Financial Instrume52

Derivative Financial Instruments and Risk Management - Derivative Assets at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Assets	$ 8.8	$ 7.2
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Net Presented in the Consolidated Balance Sheets	8.8	7.2
Amount Subject to Master Netting Agreement	(2.6)	(4.3)
Net Amount	$ 6.2	$ 2.9

Derivative Financial Instrume53

Derivative Financial Instruments and Risk Management - Derivative Liabilities at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Liabilities	$ 5.7	$ 5
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Net Presented in the Consolidated Balance Sheets	5.7	5
Amount Subject to Master Netting Agreement	(2.6)	(4.3)
Net Amount	$ 3.1	$ 0.7

Derivative Financial Instrume54

Derivative Financial Instruments and Risk Management - Location and Amount of Gain (Loss) on Foreign Currency Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 0.6	$ (0.1)	$ 0.8	$ (0.9)
Remeasurement of assets and liabilities in foreign currencies	(0.6)	0.1	(0.9)	(0.2)
Net loss on foreign currency transactions	0	0	(0.1)	(1.1)
Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	(0.2)	0	(0.1)	(0.5)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	0.8	(0.2)	0.7	(0.3)
Other income, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Recognized in Income on Derivatives	$ 0	$ 0.1	$ 0.2	$ (0.1)

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)
Product Warranty Liability [Line Items]
Guarantor obligations, expiration term	P2Y
Performance Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 171.1
Financial Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	7.4
Customers Financing Arrangements Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	6.8
Guarantor obligations, maximum exposure, undiscounted, net	$ 0.5
Maximum
Product Warranty Liability [Line Items]
Guarantor obligations, amount recoverable from third-parties (as a percent)	95.00%
Minimum
Product Warranty Liability [Line Items]
Guarantor obligations, amount recoverable from third-parties (as a percent)	75.00%

Commitments and Contingencies56

Commitments and Contingencies - Schedule of Warranty Cost and Accrual Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 15.7	$ 12.8	$ 14.5	$ 12.5
Expense for new warranties	3.5	2.8	6	5.6
Adjustments to existing accruals	(0.8)	(0.2)	(0.4)	(0.4)
Claims paid	(3.9)	(2.6)	(7.4)	(5.1)
Added through acquisition	0	0	1.7	0
Translation	0.2	(0.1)	0.3	0.1
Balance at end of period	$ 14.7	$ 12.7	$ 14.7	$ 12.7

Business Segment Information -

Business Segment Information - Schedule of Segment Revenue and Operating Profit (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Revenue	$ 386.1	$ 328.8	$ 730.6	$ 595.9
Segment operating profit	41.9	42.4	72	69.7
Corporate expense	(77)	(58)	(147.5)	(111.9)
Restructuring expense	(0.6)	(1.9)	(1)	(9.1)
Operating income	29.7	29.9	50.2	39.6
Net interest expense	(3.3)	(2.2)	(6.7)	(4.2)
Income from continuing operations before income taxes	26.4	27.7	43.5	35.4
Operating segments | JBT FoodTech
Segment Reporting Information [Line Items]
Revenue	278.9	228.8	520.5	406.3
Segment operating profit	31.1	31	51.6	49.8
Operating segments | JBT AeroTech
Segment Reporting Information [Line Items]
Revenue	107.1	100.5	210	190.6
Segment operating profit	10.8	11.4	20.4	19.9
Other revenue and intercompany eliminations
Segment Reporting Information [Line Items]
Revenue	0.1	(0.5)	0.1	(1)
Corporate, non-segment
Segment Reporting Information [Line Items]
Corporate expense	(11.6)	(10.6)	(20.8)	(21)
Restructuring expense	(0.6)	(1.9)	(1)	(9.1)
Operating income	29.7	29.9	50.2	39.6
Net interest expense	$ (3.3)	$ (2.2)	$ (6.7)	$ (4.2)

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended		18 Months Ended
	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 0.6			$ 1.9	$ 1	$ 9.1
Restructuring Plan, 2016
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan	12				12		$ 12
Restructuring expense	0.7						11.1
Reduction of restructuring reserve	0.1				0.4
Restructuring reserve, period increase (decrease)	0.6
Restructuring Plan, Tipper Tie
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan	0.5				$ 0.5		$ 0.5
Restructuring and related costs, incurred cost	$ 0.1	$ 0.5	$ 4

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Activities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Severance and related expense	$ 0.1	$ 0	$ 0.6	$ 5.9
Other	0.6	1.9	0.8	3.2
Total restructuring charges	$ 0.7	$ 1.9	$ 1.4	$ 9.1

Restructuring - Schedule of R60

Restructuring - Schedule of Restructuring Reserve by Type of Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restructuring Reserve [Roll Forward]
December 31, 2016			$ 8.9
Charged to Earnings	$ 0.7	$ 1.9	1.4	$ 9.1
Payments Made			(3.2)
Release of Liability			(0.4)
June 30, 2017	6.7		6.7
Severance and related expense
Restructuring Reserve [Roll Forward]
December 31, 2016			8.3
Charged to Earnings			0.5
Payments Made			(2.4)
Release of Liability			(0.4)
June 30, 2017	6		6
Other
Restructuring Reserve [Roll Forward]
December 31, 2016			0.6
Charged to Earnings			0.9
Payments Made			(0.8)
Release of Liability			0
June 30, 2017	$ 0.7		$ 0.7

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) £ in Millions, $ in Millions	Jul. 31, 2017USD ($)	Jul. 31, 2017GBP (£)	Jul. 03, 2017USD ($)	Jul. 03, 2017GBP (£)	Feb. 24, 2017USD ($)
Subsequent Event [Line Items]
Consideration paid to acquire business | $					$ 307.5
Due to sellers | $					$ 12
Aircraft Maintenance Support Services, Ltd. | Subsequent Event
Subsequent Event [Line Items]
Consideration paid to acquire business			$ 13	£ 10
Due to sellers | £				£ 1.5
PLF International Ltd. | Subsequent Event
Subsequent Event [Line Items]
Consideration paid to acquire business	$ 37	£ 28
Due to sellers | £		£ 4.2