JBT Marel (JBTM) 10-Q 1 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	1-34036
Entity Registrant Name	John Bean Technologies Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	91-1650317
Entity Address, Address Line One	70 West Madison Street,
Entity Address, Address Line Two	Suite 4400
Entity Address, City or Town	Chicago,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60602
City Area Code	312
Local Phone Number	861-5900
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	JBT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		31,717,251
Entity Central Index Key	0001433660
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue	$ 457.7	$ 417.5
Operating expenses:
Selling, general and administrative expense	97.3	91.7
Restructuring expense	2	5.9
Operating income	43.7	30
Pension expense, other than service cost	1	0.5
Interest expense, net	4.8	3.3
Income from continuing operations before income taxes	37.9	26.2
Income tax provision	8.9	6.5
Income from continuing operations	29	19.7
Loss from discontinued operations, net of taxes	0	0
Net income	$ 29	$ 19.7
Basic earnings per share:
Income from continuing operations (in dollars per share)	$ 0.91	$ 0.62
Loss from discontinued operations (in dollars per share)	0	0
Net income (in dollars per share)	0.91	0.62
Diluted earnings per share:
Income from continuing operations (in dollars per share)	0.90	0.62
Loss from discontinued operations (in dollars per share)	0	(0.01)
Net income (in dollars per share)	$ 0.90	$ 0.61
Product
Revenue	$ 400.1	$ 361
Operating expenses:
Cost of goods and services	273.2	248.1
Service
Revenue	57.6	56.5
Operating expenses:
Cost of goods and services	$ 41.5	$ 41.8

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 29	$ 19.7
Other comprehensive (loss) income, net of income taxes
Foreign currency translation adjustments	(25.2)	(0.7)
Pension and other postretirement benefits adjustments	1.5	1.7
Derivatives designated as hedges	(2.4)	(0.7)
Other comprehensive (loss) income	(26.1)	0.3
Comprehensive income	$ 2.9	$ 20

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 75.4	$ 39.5
Trade receivables, net of allowances	258.1	288.9
Contract assets	80.6	74.4
Inventories	237.2	245
Other current assets	51.7	60.4
Total current assets	703	708.2
Property, plant and equipment, net of accumulated depreciation of $303.9 and $308.2, respectively	261.3	265.6
Goodwill	519.8	528.9
Intangible assets, net	311.4	325.9
Other assets	88.7	86.3
Total Assets	1,884.2	1,914.9
Current Liabilities:
Short-term debt and current portion of long-term debt	0.3	0.9
Accounts payable, trade and other	159.2	198.6
Advance and progress payments	102.5	107
Accrued payroll	37.4	54
Other current liabilities	112.7	114
Total current liabilities	412.1	474.5
Long-term debt, less current portion	733.6	698.3
Accrued pension and other postretirement benefits, less current portion	71.4	73.9
Other liabilities	96.4	98.7
Commitments and contingencies (Note 12)
Stockholders' Equity:
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2020 or 2019	0	0
Common stock, $0.01 par value; 120,000,000 shares authorized; March 31, 2020: 31,741,607 issued and 31,667,024 outstanding and December 31, 2019: 31,741,607 issued and 31,666,654 outstanding	0.3	0.3
Common stock held in treasury, at cost March 31, 2020: 74,580 shares and December 31, 2019: 74,953 shares	(12.6)	(12.6)
Additional paid-in capital	244.3	241.8
Retained earnings	557.6	532.8
Accumulated other comprehensive loss	(218.9)	(192.8)
Total stockholders' equity	570.7	569.5
Total Liabilities and Stockholders' Equity	$ 1,884.2	$ 1,914.9

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Property, plant and equipment, accumulated depreciation	$ 303.9	$ 308.2
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)	31,741,607	31,741,607
Common stock, shares outstanding (in shares)	31,667,024	31,666,654
Common stock held in treasury (in shares)	74,580	74,953

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 29	$ 19.7
Loss from discontinued operations, net of taxes	0	0
Income from continuing operations	29	19.7
Adjustments to reconcile income from continuing operations to cash provided by continuing operating activities:
Depreciation and amortization	17.5	14.7
Stock-based compensation	2.5	2.6
Other	1.9	1.3
Changes in operating assets and liabilities:
Trade receivables, net and contract assets	14.7	27.8
Inventories	(2.8)	(14.1)
Accounts payable, trade and other	(36.3)	(37.4)
Advance and progress payments	(0.8)	3.8
Accrued pension and other postretirement benefits, net	(0.2)	(0.2)
Other assets and liabilities, net	(11.7)	(16.2)
Cash provided by continuing operating activities	13.8	2
Cash required by discontinued operating activities	0	(0.1)
Cash provided by operating activities	13.8	1.9
Cash flows from investing activities:
Acquisitions, net of cash acquired	0	(47.3)	$ (382.9)
Capital expenditures	(9.2)	(7.6)
Proceeds from disposal of assets	0.8	0
Cash required by investing activities	(8.4)	(54.9)
Cash flows from financing activities:
Net payments on short-term debt	(0.6)	(0.5)
Net proceeds from domestic credit facilities	38.1	61
Deferred acquisition payments	0	(3.6)
Dividends	(3.2)	(3.2)
Cash provided by financing activities	34.3	53.7
Effect of foreign exchange rate changes on cash and cash equivalents	(3.8)	0.2
Increase in cash and cash equivalents	35.9	0.9
Cash and cash equivalents, beginning of period	39.5	43	43
Cash and cash equivalents, end of period	$ 75.4	$ 43.9	$ 39.5

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Common Stock	Common Stock Held in Treasury	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2018	$ 456.9	$ 0.3	$ (19.3)	$ 245.9	$ 416.5	$ (186.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	19.7				19.7
Common stock cash dividends, $0.10 per share	(3.1)				(3.1)
Foreign currency translation adjustments, net of income taxes	(0.7)					(0.7)
Derivatives designated as hedges, net of income taxes	(0.7)					(0.7)
Pension and other postretirement liability adjustments, net of income taxes	1.7					1.7
Stock-based compensation expense	2.6			2.6
Ending balance at Mar. 31, 2019	476.4	0.3	(19.3)	248.5	433.1	(186.2)
Beginning balance at Dec. 31, 2019	569.5	0.3	(12.6)	241.8	532.8	(192.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	29				29
Common stock cash dividends, $0.10 per share	(3.2)				(3.2)
Foreign currency translation adjustments, net of income taxes	(25.2)					(25.2)
Derivatives designated as hedges, net of income taxes	(2.4)					(2.4)
Pension and other postretirement liability adjustments, net of income taxes	1.5					1.5
Stock-based compensation expense	2.5			2.5
Ending balance at Mar. 31, 2020	$ 570.7	$ 0.3	$ (12.6)	$ 244.3	$ 557.6	$ (218.9)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ / shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common stock cash dividends (in usd per share)	$ 0	$ 0
Foreign currency, translation adjustments, tax	$ (1.6)	$ 0
Derivatives designated as hedges, tax	(0.6)	0
Pension and other postretirement liability adjustments, tax	$ 0.5	$ 0

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2020
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. The Company designs, produces and services sophisticated products and systems for multi-national and regional customers through JBT FoodTech and JBT AeroTech segments. The Company has manufacturing operations worldwide that are strategically located to facilitate delivery of its products and services to its 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 Annual Report on Form 10-K for the year ended December 31, 2019 , which provides a more complete description of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated Balance Sheet (the “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 the Company's 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 revenue and expenses during the reporting period. Actual results could differ from these estimates. Significant Accounting Policies The Company has enhanced and amended the significant accounting policies within Note 1 of JBT's Annual Report on Form 10-K for the year ended December 31, 2019 below. Allowance for credit losses The measurement of expected credit losses under the Current Expected Credit Loss ("CECL") methodology is applicable to financial assets measured at amortized cost, which includes Trade receivables, Contract assets, and Non-current receivables. An allowance for credit losses under the CECL methodology is determined using the loss rate approach and measured on a collective (pool) basis when similar risk characteristics exist. Where financial instruments do not share risk characteristics, they are evaluated on an individual basis. The CECL allowance is based on relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The changes in the allowance for credit losses during the three months ended March 31, 2020 were not material. The following policies are included as interim disclosures in light of the current economic environment due to the novel coronavirus COVID-19 ("COVID-19") outbreak and its impact on the economy, food & beverage and airline industries, and JBT. Goodwill The Company tests goodwill for impairment annually during the fourth quarter and whenever events occur or changes in circumstances indicate that impairment may have occurred. Impairment testing is performed for each of the Company's reporting units by first assessing qualitative factors to see if further testing of goodwill is required. If the Company concludes that it is more likely than not that a reporting unit’s fair value is less than its carrying amount based on the qualitative assessment, then a quantitative test is required. The Company may also choose to bypass the qualitative assessment and perform the quantitative test. In performing the quantitative test, the Company determines the fair value of a reporting unit using the “income approach” valuation method. The Company uses a discounted cash flow model in which cash flows anticipated over several periods, plus a terminal value at the end of that time horizon, are discounted to their present value using an appropriate cost of capital rate. Judgment is required in developing the assumptions for the discounted cash flow model. These assumptions include revenue growth rates, profit margin percentages, discount rates, perpetuity growth rates, future capital expenditures, and working capital requirements, among others. If the estimated fair value of a reporting unit exceeds its carrying value, the Company considers that goodwill is not impaired. If the carrying value exceeds estimated fair value, there is an indication of impairment, and an impairment loss would be recorded. The Company calculates the impairment loss by comparing the fair value of the reporting unit less its carrying amount, including goodwill, and would be limited to the carrying value of the goodwill. The Company completed its annual goodwill impairment test as of October 31, 2019 using a quantitative assessment approach. As a result of this assessment the Company noted that the fair value of each reporting unit exceeds its carrying value, and therefore it determined that none of its goodwill was impaired. The Company evaluated whether there has been a change in circumstances as of March 31, 2020 and as of the date of this filing in response to the economic impacts seen globally from COVID-19. The valuation methodology to determine the fair value of the reporting units is sensitive to management's forecasts of future profitability and market conditions. At this time, the impact of COVID-19 on JBT's forecasts is uncertain and increases the subjectivity that will be involved in evaluating goodwill for potential impairment. The Company does expect declines in the reporting unit fair values as a result of delayed demand for JBT's products, driving lower revenues and operating income across JBT. However, given the significant difference between the reporting unit fair values and their carrying values in the most recent quantitative analyses, as well as expected long-term recovery within all reporting units, management does not believe that these events were severe enough to result in an impairment trigger. The Company will continue to monitor the environment to determine whether the impacts to the Company represent an event or change in circumstances that may trigger a need to assess for impairment. Acquired intangible assets Intangible assets with finite useful lives are subject to amortization on a straight-line basis over the expected period of economic benefit, which range from less than 1 year to 21 years. The Company evaluates whether events or circumstances have occurred that warrant a revision to the remaining useful lives of intangible assets. In cases where a revision is deemed appropriate, the remaining carrying amounts of the intangible assets are amortized over the revised remaining useful life. The carrying values of intangible assets with indefinite lives are reviewed for recoverability on an annual basis, and whenever events occur or changes in circumstances indicate that impairment may have occurred. The facts and circumstances considered include an assessment of the recoverability of the cost of intangible assets from future cash flows to be derived from the use of the asset. It is not possible to predict the likelihood of any possible future impairments or, if such an impairment were to occur, the magnitude of any impairment. However, any potential impairment would be limited to the carrying value of the indefinite-lived intangible asset. The Company has evaluated the current environment as of March 31, 2020 and has concluded there are no events or circumstances that have occurred that would warrant a revision to the remaining useful lives of the finite-lived intangible assets, nor a concern with the recoverability of the carrying values of the finite and indefinite-lived intangibles. The Company will continue to monitor the environment to determine whether the impacts to the Company represent an event or change in circumstances that may trigger a need to assess for useful life revision or impairment. Impairment of long-lived assets Long-lived assets other than goodwill and acquired indefinite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the long-lived asset exceeds its fair value. We have evaluated the current environment as of March 31, 2020 and have concluded there is no event or circumstance that has occurred to trigger an impairment assessment of our long-lived assets. We will continue to monitor the environment to determine whether the impacts to the Company represent an event or change in circumstances that may trigger a need to assess for useful life revision or impairment. Recently adopted accounting standards In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (ASC 326) , which amends the Board’s guidance on the impairment of financial instruments. The ASU adds an impairment model that is based on expected losses rather than incurred losses, which is known as the current expected credit loss (“CECL”) model. The CECL model applies to most debt instruments (other than those measured at fair value), trade and other receivables, financial guarantee contracts, and loan commitments. This ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company adopted ASC 326 as of January 1, 2020, using the cumulative-effect transition method with the required prospective approach. The cumulative-effect transition method enables an entity to record an allowance for expected credit loss at the date of adoption without restating comparative periods. The adoption of ASC 326 as of January 1, 2020 did not materially impact Trade receivables, net of allowances and Retained earnings and had no impact on consolidated net income and cash flows. In August 2018, the FASB issued ASU 2018-13, Disclosure Framework— Changes to the Disclosure Requirements for Fair Value Measurement, which amends Topic 820, Fair Value Measurement. ASU 2018-13 removes, modifies, and adds disclosure requirements for fair value measurements. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2019. The adoption of ASU 2018-13 as of January 1, 2020 did not materially impact the Company's disclosures in Note 9. Fair Value of Financial Instruments. Recently issued accounting standards not yet adopted In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans . ASU 2018-14 removes, modifies, and adds disclosure requirements for defined benefit plans. The disclosure modifications in ASU 2018-14 will be applied on a retrospective basis. The ASU is effective for annual reporting periods ending after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2018-14 on its disclosures. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. The new standard will be effective for annual reporting periods beginning after December 15, 2020 and interim periods within those fiscal years. The Company is currently evaluating the potential impact ASU 2019-12 may have on its financial position and results of operations upon adoption.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS During 2019 the Company acquired 100% of voting equity of three businesses for an aggregate consideration of $382.9 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 May 31, 2019 Stock Proseal UK Limited Adlington, UK JBT FoodTech A leading provider of tray sealing technology for the fresh produce, ready meals, proteins, sandwiches, and snack industries. May 31, 2019 Stock Prime Equipment Group, LLC Columbus, Ohio JBT FoodTech A manufacturer of turnkey primary and water re–use solutions for the poultry industry. February 1, 2019 Stock LEKTRO, Inc. Warrenton, Oregon JBT AeroTech A manufacturer of commercial aviation ground support equipment, including electric towbarless aircraft pushback tractors for narrow body and smaller aircrafts. 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. Proseal (1) Prime (1) LEKTRO (2) Total (In millions) Financial assets $ 46.4 $ 12.9 $ 4.2 $ 63.5 Inventories 24.8 11.6 7.0 43.4 Property, plant and equipment 22.2 1.5 0.3 24.0 Other intangible assets (3) 91.5 28.4 19.4 139.3 Deferred taxes (19.2 ) — (4.9 ) (24.1 ) Financial liabilities (35.3 ) (21.0 ) (4.6 ) (60.9 ) Total identifiable net assets $ 130.4 $ 33.4 $ 21.4 $ 185.2 Cash consideration paid $ 264.5 $ 60.6 $ 48.3 $ 373.4 Contingent consideration (4) 14.7 1.3 — 16.0 Holdback payment due to seller — 0.9 — 0.9 Total consideration 279.2 62.8 48.3 390.3 Cash acquired 4.3 1.4 1.7 7.4 Net consideration $ 274.9 $ 61.4 $ 46.6 $ 382.9 Goodwill (5) $ 148.8 $ 29.4 $ 26.9 $ 205.1 (1) The purchase accounting for Proseal and Prime is complete as of March 31, 2020. During the quarter ended March 31, 2020, there were no significant measurement period adjustments. (2) The purchase accounting for LEKTRO was final as of December 31, 2019. (3) The acquired intangible assets subject to amortization are being amortized on a straight-line basis over their estimated useful lives, which range from seven to twenty-one years . The intangible assets acquired in 2019 include customer relationships totaling $87.0 million ( 14 - year weighted average useful life), technology totaling $37.6 million ( 9 - year weighted average useful life), and tradenames totaling $14.7 million ( 20 - year weighted average useful life). (4) Proseal and Prime purchase agreements include contingent payments due to the sellers to the extent Proseal and Prime achieve certain earnings targets. The Proseal purchase agreement includes a contingent payment due to the sellers to the extent Proseal achieves certain earnings targets. Proseal earnings performance for the period from January 1, 2020 through December 31, 2020 would result in a payment of $17.7 million in the event earnout targets are met, and no payment if not met. Acquisition date fair value of these contingent payments was determined to be $14.7 million for Proseal. The Prime purchase agreement include contingent payments due to the sellers to the extent the Prime results exceed certain earnings targets. These payments are based on the achievement of earnings target ranges for the respective year, and would result in a payment ranging from $0 million to $1 million for the earnout period of calendar year 2019, and an additional payment of $0 million to $0.5 million for the earnout period of calendar year 2020. Acquisition date fair value of these contingent payments was determined at $1.3 million for Prime. Refer to Note 9. Fair Value Of Financial Instruments for a description of how these values for contingent consideration obligations were determined. (5) The Company expects goodwill of $58.8 million from these acquisitions to be deductible for income tax purposes. Pro forma Financial Information (unaudited) The Company's acquisition of Proseal was material to its overall results and as such is required under ASC 805, Business Combinations, to present pro forma information. The following information reflects the results of the Company’s operations for the three months ended March 31, 2020 and 2019 on a pro forma basis as if the acquisition of Proseal had been completed on January 1, 2018. Pro forma adjustments have been made to illustrate the incremental impact on earnings of interest costs on the borrowings to acquire the company, 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 March 31, (In millions, except per share data) 2020 2019 Revenue Pro forma $ 457.7 $ 439.6 As reported 457.7 417.5 Income from continuing operations Pro forma $ 29.0 $ 20.8 As reported 29.0 19.7 Income from continuing operations per share Pro forma Basic $ 0.91 $ 0.65 Fully diluted 0.90 0.65 As reported Basic $ 0.91 $ 0.62 Fully diluted 0.90 0.62 The unaudited pro forma information is provided for illustrative purposes only and does not purport to represent what the Company's consolidated results of operations would have been had the transaction actually occurred as of January 1, 2018, and does not purport to project actual consolidated results of operations.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2020
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, 2019 $ 490.9 $ 38.0 $ 528.9 Acquisitions 0.3 — 0.3 Currency translation (9.2 ) (0.2 ) (9.4 ) Balance as of March 31, 2020 $ 482.0 $ 37.8 $ 519.8 Intangible assets consisted of the following: March 31, 2020 December 31, 2019 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 249.2 $ 66.6 $ 251.3 $ 61.9 Patents and acquired technology 141.3 51.1 138.7 48.5 Trademarks 36.7 14.0 38.0 11.6 Non-amortizing intangible assets 15.5 — 15.6 — Other 9.4 9.0 16.7 12.4 Total intangible assets $ 452.1 $ 140.7 $ 460.3 $ 134.4

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories consisted of the following: (In millions) March 31, 2020 December 31, 2019 Raw materials $ 96.5 $ 100.8 Work in process 70.4 65.8 Finished goods 140.6 149.5 Gross inventories before LIFO reserves and valuation adjustments 307.5 316.1 LIFO reserves (49.4 ) (49.5 ) Valuation adjustments (20.9 ) (21.6 ) Net inventories $ 237.2 $ 245.0

Pension

Pension	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Pension	PENSION Components of net periodic benefit cost were as follows: Three Months Ended (In millions) 2020 2019 Service cost $ 0.5 $ 0.4 Interest cost 2.3 2.6 Expected return on plan assets (3.3 ) (3.8 ) Amortization of net actuarial losses 2.0 1.7 Net periodic cost $ 1.5 $ 0.9 The Company expects to contribute up to $5 million to its pension and other post-retirement benefit plans in 2020 , all of which would be contributed to its U.S. qualified pension plan. The Company did no t make a contribution to its U.S. qualified pension plan during the three months ended March 31, 2020

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2020
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 the Company, AOCI is 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 March 31, 2020 and 2019 by component are shown in the following tables: Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, December 31, 2019 $ (147.0 ) $ 0.1 $ (45.9 ) $ (192.8 ) Other comprehensive income (loss) before reclassification — (2.4 ) (24.7 ) (27.1 ) Amounts reclassified from accumulated other comprehensive income 1.5 — (0.5 ) 1.0 Ending balance, March 31, 2020 $ (145.5 ) $ (2.3 ) $ (71.1 ) $ (218.9 ) (1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended March 31, 2020 were $2.0 million of charges to pension expense, other than service cost, net of $0.5 million in benefit for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.0 million of benefit in interest expense, net of $0.0 million income tax provision. Reclassification adjustments for foreign currency translation related to net investment hedges for the three months ended March 31, 2020 were $0.7 million of benefit in interest expense, net of $0.2 million income tax provision. Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation Total (1) (In millions) Beginning balance, December 31, 2018 $ (140.4 ) $ 2.0 $ (48.1 ) $ (186.5 ) Other comprehensive income (loss) before reclassification 0.4 (0.3 ) (0.3 ) (0.2 ) Amounts reclassified from accumulated other comprehensive income 1.3 (0.4 ) (0.4 ) 0.5 Ending balance, March 31, 2019 $ (138.7 ) $ 1.3 $ (48.8 ) $ (186.2 ) (1) All amounts are net of income taxes. Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended March 31, 2019 were $ 1.7 million of charges to pension expense, other than service cost, net of $0.4 million in provision for income taxes. Reclassification adjustments for derivatives designated as hedges for the same period were $0.5 million of benefit in interest expense, net of $0.1 million in provision for income taxes. Reclassification adjustments for foreign currency translation related to net investment hedges for the three months ended March 31, 2019 were $0.6 million of benefit in interest expense, net of $0.2 million

Revenue Recognition (Notes)

Revenue Recognition (Notes)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Transaction price allocated to the remaining performance obligations The majority of the Company's contracts are completed within twelve months. For performance obligations that extend beyond one year, the Company had $230.8 million of transaction price related to performance obligations as of March 31, 2020 . The Company expects to complete these obligations and recognize 59% of remaining transaction price in 2020, and the remainder in 2021. The Company has elected the following optional exemptions from the remaining performance obligation disclosures: • Contracts that have an original expected duration of one year or less; and • Performance obligations related to revenue recognized over time using the as-invoiced practical expedient. Disaggregation of Revenue In the following table, revenue is disaggregated by type of good or service and primary geographical market. The table also includes a reconciliation of the disaggregated revenue with the reportable segments. Three Months Ended Three Months Ended March 31, 2020 March 31, 2019 (In millions) JBT FoodTech JBT AeroTech JBT FoodTech JBT AeroTech Type of Good or Service Recurring (1) $ 153.7 $ 45.7 $ 133.3 $ 50.9 Non-recurring (1) 156.0 102.3 161.3 72.0 Total 309.7 148.0 294.6 122.9 Geographical Region (2) North America 154.1 130.4 156.1 94.9 Europe, Middle East and Africa 99.6 10.6 79.4 23.4 Asia Pacific 35.4 5.7 37.7 4.1 Latin America 20.6 1.3 21.4 0.5 Total 309.7 148.0 294.6 122.9 Timing of Recognition Point in Time 148.4 77.1 146.0 68.6 Over Time 161.3 70.9 148.6 54.3 Total 309.7 148.0 294.6 122.9 (1) Aftermarket parts and services and revenue from leasing contracts are considered recurring revenue. Non-recurring revenue includes new equipment and installation. (2) Geographical region represents the region in which the end customer resides. Contract balances The timing of revenue recognition, billings and cash collections results in trade receivables, contract assets, and advance and progress payments (contract liabilities). Contract assets exist when revenue recognition occurs prior to billings. Contract assets are transferred to trade receivables when the right to payment becomes unconditional (i.e., when receipt of the amount is dependent only on the passage of time). Conversely, the Company often receives payments from its customers before revenue is recognized, resulting in contract liabilities. These assets and liabilities are reported on the Balance Sheet as contract assets and within advance and progress payments, respectively, on a contract-by-contract net basis at the end of each reporting period. Contract asset and liability balances for the period were as follows: Balances as of (In millions) March 31, 2020 December 31, 2019 Contract assets $ 80.6 $ 74.4 Contract liabilities 90.0 92.5 The revenue recognized during the three months ended March 31, 2020 and 2019 that was included in contract liabilities at the beginning of the period amounted to $50 million and $112.5 million , respectively. The change from December 31, 2019

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
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 basic and diluted shares outstanding: Three Months Ended (In millions, except per share data) 2020 2019 Basic earnings per share: Income from continuing operations $ 29.0 $ 19.7 Weighted average number of shares outstanding 31.9 31.8 Basic earnings per share from continuing operations $ 0.91 $ 0.62 Diluted earnings per share: Income from continuing operations $ 29.0 $ 19.7 Weighted average number of shares outstanding 31.9 31.8 Effect of dilutive securities: Restricted stock 0.2 0.2 Total shares and dilutive securities 32.1 32.0 Diluted earnings per share from continuing operations $ 0.90 $ 0.62

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 As of December 31, 2019 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 12.8 $ 12.8 $ — $ — $ 14.3 $ 14.3 $ — $ — Derivatives 18.3 — 18.3 — 12.0 — 12.0 — Total assets $ 31.1 $ 12.8 $ 18.3 $ — $ 26.3 $ 14.3 $ 12.0 $ — Liabilities: Derivatives $ 12.5 $ — $ 12.5 $ — $ 2.8 $ — $ 2.8 $ — Contingent consideration 16.1 — — 16.1 17.4 — — 17.4 Total liabilities $ 28.6 $ — $ 12.5 $ 16.1 $ 20.2 $ — $ 2.8 $ 17.4 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 the Company has the ability to access. Investments are reported separately in other assets on the Balance Sheet. Investments include an unrealized gain of $1.7 million as of March 31, 2020 and unrealized gain of $1.8 million as of December 31, 2019 . The Company uses 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. Contingent consideration obligation represents the estimated fair value of the additional consideration payable in connection with the Company's acquisitions of Proseal and Prime completed in the second quarter of 2019. The Company estimated the acquisition date fair value of the contingent consideration obligation for Proseal using a Monte Carlo simulation, and a scenario based method for Prime. The significant unobservable inputs used in the fair value measurement of the contingent consideration obligations were the acquired company's projected performance, a risk-adjusted discount rate and performance volatility driven by industry peers. As payment for this contingent consideration is based on acquired company achieving earning targets, changes to projected performance of acquired companies would have resulted in a lower or higher fair value measurement. At each reporting date, the Company revalues the contingent consideration obligations to their fair values and records any changes in fair value within selling, general and administrative expenses in the Income Statement. Following table provides a summary of changes in fair value of contingent consideration during the the quarter ended March 31, 2020 : Three months ended March 31, 2020 Beginning balance $ 17.4 Acquisitions — Measurement adjustments recorded to earnings (0.3 ) Foreign currency translation adjustment (1.0 ) Ending balance $ 16.1 The fair value of contingent consideration obligations as of March 31, 2020 was $15.6 million included in other liabilities and $0.5 million included in other current liabilities within the Balance Sheet. 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 of the Company's long-term debt approximate their fair values due to their variable interest rates.

Derivative Financial Instrument

Derivative Financial Instruments and Risk Management	3 Months Ended
	Mar. 31, 2020
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 Balance Sheet at their respective fair values. For derivatives designated as cash flow hedges, the unrealized gain or loss related to the derivatives are recorded in Other comprehensive income (loss) until the hedged transaction affects earnings. The Company assesses at inception of the hedge, whether the derivative in the hedging transaction will be highly effective in offsetting changes in cash flows of the hedged item. Changes in the fair value of derivatives that do not meet the criteria for designation as a hedge are recognized in earnings. Foreign Exchange: the Company manufactures and sells products in a number of countries throughout the world and, as a result, the Company is exposed to movements in foreign currency exchange rates. Major foreign currency exposures involve the markets in Western Europe, South America and Asia. Some of the Company's sales and purchase contracts contain embedded derivatives due to the nature of doing business in certain jurisdictions, which are taken into consideration as part of the Company's risk management policy. The purpose of the Company's 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. The Company primarily utilizes forward foreign exchange contracts with maturities of less than 2 years in managing this foreign exchange rate risk. The Company has not designated these forward foreign exchange contracts, which had a notional value at March 31, 2020 of $482.3 million , as hedges and therefore do not apply hedge accounting. The following table presents the fair value of foreign currency derivatives and embedded derivatives included within the Balance Sheet: As of March 31, 2020 As of December 31, 2019 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Total $ 5.9 $ 9.4 $ 5.7 $ 3.5 A master netting arrangement allows counterparties to net settle amounts owed to each other as a result of separate offsetting derivative transactions. The Company enters into master netting arrangements with its counterparties when possible to mitigate credit risk in derivative transactions by permitting the Company to net settle for transactions with the same counterparty. However, it does not net settle with such counterparties. As a result, derivatives are presented at their gross fair values in the Balance Sheet. As of March 31, 2020 and December 31, 2019 , information related to these offsetting arrangements was as follows: (In millions) As of March 31, 2020 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 16.6 $ — $ 16.6 $ (3.1 ) $ 13.5 (In millions) As of March 31, 2020 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 12.5 $ — $ 12.5 $ (3.1 ) $ 9.4 (In millions) As of December 31, 2019 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 12.0 $ — $ 12.0 $ (2.1 ) $ 9.9 (In millions) As of December 31, 2019 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 2.8 $ — $ 2.8 $ (2.1 ) $ 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 Income Statement: Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of (Loss) Gain Recognized in Income Three Months Ended (In millions) 2020 2019 Foreign exchange contracts Revenue $ (4.6 ) $ (2.0 ) Foreign exchange contracts Cost of sales 2.8 0.8 Foreign exchange contracts Selling, general and administrative expense 0.4 (0.1 ) Total (1.4 ) (1.3 ) Remeasurement of assets and liabilities in foreign currencies 2.9 0.4 Net gain (loss) on foreign currency transactions $ 1.5 $ (0.9 ) Interest Rates : The Company has entered into one interest rate swap executed in January 2016 with a notional amount of $50 million expiring in January 2021, and four forward starting interest rate swaps with a combined notional amount of $200 million which were executed in March 2020 and which cover the period beginning April 7, 2020 to April 7, 2025. These interest rate swaps fix the interest rate applicable to certain of its 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 March 31, 2020 , the fair value of these derivatives designated as cash flow hedges were recorded in the Balance Sheet as other current liabilities of $0.4 million , other liabilities of $2.7 million , and as accumulated other comprehensive income, net of tax, of $2.3 million . Net Investment: The Company has entered into a cross currency swap agreement that synthetically swaps $116.4 million of fixed rate debt to Euro denominated fixed rate debt. The agreement is designated as a net investment hedge for accounting purposes. Accordingly, the gain or loss on this derivative instrument is included in the foreign currency translation component of other comprehensive income until the net investment is sold, diluted, or liquidated. Coupons received for the cross currency swap are excluded from the net investment hedge effectiveness assessment and are recorded in interest expense, net on the condensed consolidated statements of income. For the three months ended March 31, 2020 , gains recorded in interest expense, net under the cross currency swap agreement were $0.7 million . At March 31, 2020 , the fair value of these derivatives designated as net investment hedges were recorded in the Balance Sheet as other assets of $12.4 million and as accumulated other comprehensive income, net of tax, of $9.2 million . 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 the Company to credit risk primarily consist of trade receivables and derivative contracts. The Company manages 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. Maximum exposure to credit loss in the event of non-performance by the counterparty, for all receivables and derivative contracts as of March 31, 2020 , is limited to the amount drawn and outstanding on the financial instrument. Refer to Note 1. Description Of Business And Basis Of Presentation for a description of how allowance for credit loss is determined on financial assets measured at amortized cost, which includes Trade receivables, Contract assets, and Non-current receivables.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	LEASES The following table provides the required information regarding operating leases for which the Company is lessor. Three Months Ended Three Months Ended (In millions) March 31, 2020 March 31, 2019 Fixed payment revenue $ 16.3 $ 16.1 Variable payment revenue 5.1 5.4 Total $ 21.4 $ 21.5 Sales-type lease revenue was $1.5 million for the three months ended March 31, 2020 and an immaterial amount for the three months ended March 31, 2019. Refer to Note 15. Related Party Transactions for details of operating lease agreements with related parties.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES In the normal course of business, the Company is at times subject to pending and threatened legal actions, some for which the relief or damages sought may be substantial. Although the Company is 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 the Company's results of operations or financial position. However, it is possible that the ultimate resolution of such matters, if unfavorable, may be material to its 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. In 2013, the Company received a notice of examination from the Delaware Department of Finance commencing an examination of the Company's books and records to determine compliance with Delaware unclaimed property law. The examination was not complete when, in 2017, Delaware promulgated a law which permitted companies an election to convert an examination to a review under the Secretary of State’s voluntary disclosure agreement program. In December 2017, the Company elected this alternative and is in the process of meeting the requirements under the voluntary disclosure agreement program. The requirements include reviewing the Company's books and records and filing any previously unfiled reports for all unclaimed property presumed unclaimed, under the law, from 2003. The Company completed the exercise in the fourth quarter and concluded that the Company's obligation is immaterial. We submitted our conclusions to the Secretary of State in December; however as of the date of this filing, the Secretary of State of Delaware has not responded to our filing. Guarantees and Product Warranties In the ordinary course of business with customers, vendors and others, the Company issues standby letters of credit, performance bonds, surety bonds and other guarantees. These financial instruments, which totaled $146.9 million at March 31, 2020 , represent guarantees of future performance. The Company has also provided $7.7 million of bank guarantees and letters of credit to secure a portion of its existing financial obligations. The majority of these financial instruments expire within two years and are expected to be replaced through the issuance of new or the extension of existing letters of credit and surety bonds. In some instances, the Company guarantees its customers’ financing arrangements. The Company is responsible for payment of any unpaid amounts, but will receive indemnification from third parties for between eighty-five and ninety-five percent of the contract values. In addition, the Company generally retains recourse to the equipment sold. As of March 31, 2020 , the gross value of such arrangements was $3.3 million , of which its net exposure under such guarantees was $0.2 million . The Company provides warranties of various lengths and terms to certain of its customers based on standard terms and conditions and negotiated agreements. The Company provides for the estimated cost of warranties at the time revenue is recognized for products where reliable, historical experience of warranty claims and cost exist. The Company also provides a warranty liability when additional specific obligations are identified. The warranty obligation reflected in other current liabilities in the consolidated Balance Sheet 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 March 31, (In millions) 2020 2019 Balance at beginning of period $ 12.0 $ 13.5 Expense for new warranties 3.0 3.2 Adjustments to existing accruals 0.2 (1.3 ) Claims paid (3.5 ) (3.4 ) Added through acquisition 0.1 0.4 Translation (0.2 ) (0.1 ) Balance at end of period $ 11.6 $ 12.3

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Business Segment Information	BUSINESS SEGMENT INFORMATION Operating segments for the Company are determined based on information used by the chief operating decision maker (CODM) in deciding how to evaluate performance and allocate resources to each of the segments. JBT’s CODM is the Chief Executive Officer (CEO). While there are many measures the CEO reviews in this capacity, the key segment measures reviewed include operating profit, operating profit margin, EBITDA, adjusted when applicable, and EBITDA margins. Reportable segments are: • JBT FoodTech—provides comprehensive solutions throughout the food production value chain extending from primary processing through packaging systems for a large variety of food and beverage groups, including poultry, beef, pork, seafood, ready-to-eat meals, fruits, vegetables, dairy, bakery, pet foods, soups, sauces, and juices. • JBT AeroTech— supplies customized solutions and services used for applications in the air transportation industry, including airport authorities, airlines, airfreight, ground handling companies, militaries and defense contractors. Total revenue by segment includes intersegment sales, which are made at prices that reflect, as nearly as practicable, the market value of the transaction. Segment operating profit is defined as total segment revenue less segment operating expenses. The following items have been excluded in computing segment operating profit: corporate expense, restructuring costs, interest income and expense, and income taxes. See the table below for further details on corporate expense. Segment operating profit is defined as total segment revenue less segment Operating expense. Business segment information was as follows: Three Months Ended (In millions) 2020 2019 Revenue JBT FoodTech $ 309.7 $ 294.6 JBT AeroTech 148.0 122.9 Total revenue 457.7 417.5 Income before income taxes Segment operating profit: JBT FoodTech 40.7 38.7 JBT AeroTech 18.5 10.1 Total segment operating profit 59.2 48.8 Corporate items: Corporate expense (1) 13.5 12.9 Restructuring expense (2) 2.0 5.9 Operating income 43.7 30.0 Pension expense, other than service cost 1.0 0.5 Interest expense, net 4.8 3.3 Income from continuing operations before income taxes $ 37.9 $ 26.2 (1) Corporate expense generally includes corporate staff-related expense, stock-based compensation, 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 14 . Restructuring for further information on restructuring expense.

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring	RESTRUCTURING Restructuring expense primarily consists of employee separation benefits under 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 2018, the Company implemented a restructuring plan ("2018 restructuring plan") to address its global processes to flatten the organization, improve efficiency and better leverage general and administrative resources. The total estimated cost in connection with this plan is in the range of $62 million to $64 million . We have recognized cumulative restructuring charges of $61.8 million , net of cumulative releases of the related liability of $11.5 million , through March 31, 2020 . We expect to recognize the remaining costs by end of the year 2020. In the first quarter of 2020, the Company implemented an immaterial restructuring plan with a total estimated cost by the end of the second quarter of $2.0 million . Through March 31, 2020 we have recognized restructuring charges of $0.7 million related to severance primarily within the JBT AeroTech segment. The following table details the amounts reported in restructuring expense for the active restructuring plans on the consolidated statement of income since the implementation of this plan: Cumulative Amount For the Three Months Ended Cumulative Amount (In millions) Balance as of December 31, 2019 March 31, 2020 As of March 31, 2020 2018 restructuring plan Severance and related expense $ 25.4 $ 2.2 $ 27.6 Other 45.6 0.1 45.7 Other Severance and related expense — 0.7 0.7 Total Restructuring charges $ 71.0 $ 3.0 $ 74.0 The restructuring expense for 2018 restructuring plan is primarily associated with the JBT FoodTech segment, and is excluded from the calculation of segment operating profit. Expense incurred during the three months ended March 31, 2020 primarily relates to costs to streamline operations and consulting fees as a direct result of the plan. Liability balances for restructuring activities are included in other current liabilities in the accompanying Balance Sheet. The table below details the activities in 2020: Impact to Earnings (In millions) Balance as of Charged to Earnings Release of Liability Payments Made Balance as of 2018 restructuring plan Severance and related expense $ 4.2 $ 2.2 $ (0.6 ) $ (2.5 ) 3.3 Other 1.5 0.1 (0.4 ) (1.1 ) 0.1 Other Severance and related expense — 0.7 — — 0.7 Total $ 5.7 $ 3.0 $ (1.0 ) $ (3.6 ) 4.1 The Company released $1.0 million of liability during the three months ended March 31, 2020 which it no longer expects to pay in connection with the 2018 restructuring plan due to actual severance payments differing from the original estimates and natural attrition of employees.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS The Company entered into an agreement to lease a manufacturing facility in Columbus, Ohio from an entity owned by certain of the Company's employees who were former owners or employees of its newly acquired business, Prime. The lease commenced on September 1, 2019, with an eight year term. The operating lease right-of-use asset and the lease liability related to this agreement is $3.8 million and $3.9 million

Subsequent Events (Notes)

Subsequent Events (Notes)	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On April 15, 2020, the Company entered into one forward starting interest rate swap with a notional amount of $50 million covering the period beginning May 7, 2020 to May 7, 2025. This interest rate swap fixes the interest rate applicable to certain of its variable-rate debt. The agreement swaps one-month LIBOR for fixed rates.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
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 Annual Report on Form 10-K for the year ended December 31, 2019 , which provides a more complete description of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated Balance Sheet (the “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 the Company's 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 revenue and expenses during the reporting period. Actual results could differ from these estimates.
Goodwill	Goodwill The Company tests goodwill for impairment annually during the fourth quarter and whenever events occur or changes in circumstances indicate that impairment may have occurred. Impairment testing is performed for each of the Company's reporting units by first assessing qualitative factors to see if further testing of goodwill is required. If the Company concludes that it is more likely than not that a reporting unit’s fair value is less than its carrying amount based on the qualitative assessment, then a quantitative test is required. The Company may also choose to bypass the qualitative assessment and perform the quantitative test. In performing the quantitative test, the Company determines the fair value of a reporting unit using the “income approach” valuation method. The Company uses a discounted cash flow model in which cash flows anticipated over several periods, plus a terminal value at the end of that time horizon, are discounted to their present value using an appropriate cost of capital rate. Judgment is required in developing the assumptions for the discounted cash flow model. These assumptions include revenue growth rates, profit margin percentages, discount rates, perpetuity growth rates, future capital expenditures, and working capital requirements, among others. If the estimated fair value of a reporting unit exceeds its carrying value, the Company considers that goodwill is not impaired. If the carrying value exceeds estimated fair value, there is an indication of impairment, and an impairment loss would be recorded. The Company calculates the impairment loss by comparing the fair value of the reporting unit less its carrying amount, including goodwill, and would be limited to the carrying value of the goodwill.
Acquired Intangible Assets	Acquired intangible assets Intangible assets with finite useful lives are subject to amortization on a straight-line basis over the expected period of economic benefit, which range from less than 1 year to 21 years. The Company evaluates whether events or circumstances have occurred that warrant a revision to the remaining useful lives of intangible assets. In cases where a revision is deemed appropriate, the remaining carrying amounts of the intangible assets are amortized over the revised remaining useful life. The carrying values of intangible assets with indefinite lives are reviewed for recoverability on an annual basis, and whenever events occur or changes in circumstances indicate that impairment may have occurred. The facts and circumstances considered include an assessment of the recoverability of the cost of intangible assets from future cash flows to be derived from the use of the asset. It is not possible to predict the likelihood of any possible future impairments or, if such an impairment were to occur, the magnitude of any impairment. However, any potential impairment would be limited to the carrying value of the indefinite-lived intangible asset.
Impairment of Long-Lived Assets	Impairment of long-lived assets Long-lived assets other than goodwill and acquired indefinite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the long-lived asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If it is determined that an impairment loss has occurred, the loss is measured as the amount by which the carrying amount of the long-lived asset exceeds its fair value.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards Not Yet Adopted	Recently adopted accounting standards In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (ASC 326) , which amends the Board’s guidance on the impairment of financial instruments. The ASU adds an impairment model that is based on expected losses rather than incurred losses, which is known as the current expected credit loss (“CECL”) model. The CECL model applies to most debt instruments (other than those measured at fair value), trade and other receivables, financial guarantee contracts, and loan commitments. This ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company adopted ASC 326 as of January 1, 2020, using the cumulative-effect transition method with the required prospective approach. The cumulative-effect transition method enables an entity to record an allowance for expected credit loss at the date of adoption without restating comparative periods. The adoption of ASC 326 as of January 1, 2020 did not materially impact Trade receivables, net of allowances and Retained earnings and had no impact on consolidated net income and cash flows. In August 2018, the FASB issued ASU 2018-13, Disclosure Framework— Changes to the Disclosure Requirements for Fair Value Measurement, which amends Topic 820, Fair Value Measurement. ASU 2018-13 removes, modifies, and adds disclosure requirements for fair value measurements. The ASU is effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2019. The adoption of ASU 2018-13 as of January 1, 2020 did not materially impact the Company's disclosures in Note 9. Fair Value of Financial Instruments. Recently issued accounting standards not yet adopted In August 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans . ASU 2018-14 removes, modifies, and adds disclosure requirements for defined benefit plans. The disclosure modifications in ASU 2018-14 will be applied on a retrospective basis. The ASU is effective for annual reporting periods ending after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2018-14 on its disclosures. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. The new standard will be effective for annual reporting periods beginning after December 15, 2020 and interim periods within those fiscal years. The Company is currently evaluating the potential impact ASU 2019-12 may have on its financial position and results of operations upon adoption.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2020
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 May 31, 2019 Stock Proseal UK Limited Adlington, UK JBT FoodTech A leading provider of tray sealing technology for the fresh produce, ready meals, proteins, sandwiches, and snack industries. May 31, 2019 Stock Prime Equipment Group, LLC Columbus, Ohio JBT FoodTech A manufacturer of turnkey primary and water re–use solutions for the poultry industry. February 1, 2019 Stock LEKTRO, Inc. Warrenton, Oregon JBT AeroTech A manufacturer of commercial aviation ground support equipment, including electric towbarless aircraft pushback tractors for narrow body and smaller aircrafts.
Schedule of assets acquired and liabilities assumed	Proseal (1) Prime (1) LEKTRO (2) Total (In millions) Financial assets $ 46.4 $ 12.9 $ 4.2 $ 63.5 Inventories 24.8 11.6 7.0 43.4 Property, plant and equipment 22.2 1.5 0.3 24.0 Other intangible assets (3) 91.5 28.4 19.4 139.3 Deferred taxes (19.2 ) — (4.9 ) (24.1 ) Financial liabilities (35.3 ) (21.0 ) (4.6 ) (60.9 ) Total identifiable net assets $ 130.4 $ 33.4 $ 21.4 $ 185.2 Cash consideration paid $ 264.5 $ 60.6 $ 48.3 $ 373.4 Contingent consideration (4) 14.7 1.3 — 16.0 Holdback payment due to seller — 0.9 — 0.9 Total consideration 279.2 62.8 48.3 390.3 Cash acquired 4.3 1.4 1.7 7.4 Net consideration $ 274.9 $ 61.4 $ 46.6 $ 382.9 Goodwill (5) $ 148.8 $ 29.4 $ 26.9 $ 205.1 (1) The purchase accounting for Proseal and Prime is complete as of March 31, 2020. During the quarter ended March 31, 2020, there were no significant measurement period adjustments. (2) The purchase accounting for LEKTRO was final as of December 31, 2019. (3) The acquired intangible assets subject to amortization are being amortized on a straight-line basis over their estimated useful lives, which range from seven to twenty-one years . The intangible assets acquired in 2019 include customer relationships totaling $87.0 million ( 14 - year weighted average useful life), technology totaling $37.6 million ( 9 - year weighted average useful life), and tradenames totaling $14.7 million ( 20 - year weighted average useful life). (4) Proseal and Prime purchase agreements include contingent payments due to the sellers to the extent Proseal and Prime achieve certain earnings targets. The Proseal purchase agreement includes a contingent payment due to the sellers to the extent Proseal achieves certain earnings targets. Proseal earnings performance for the period from January 1, 2020 through December 31, 2020 would result in a payment of $17.7 million in the event earnout targets are met, and no payment if not met. Acquisition date fair value of these contingent payments was determined to be $14.7 million for Proseal. The Prime purchase agreement include contingent payments due to the sellers to the extent the Prime results exceed certain earnings targets. These payments are based on the achievement of earnings target ranges for the respective year, and would result in a payment ranging from $0 million to $1 million for the earnout period of calendar year 2019, and an additional payment of $0 million to $0.5 million for the earnout period of calendar year 2020. Acquisition date fair value of these contingent payments was determined at $1.3 million for Prime. Refer to Note 9. Fair Value Of Financial Instruments for a description of how these values for contingent consideration obligations were determined. (5) The Company expects goodwill of $58.8 million from these acquisitions to be deductible for income tax purposes.
Schedule of pro forma information	The following information reflects the results of the Company’s operations for the three months ended March 31, 2020 and 2019 on a pro forma basis as if the acquisition of Proseal had been completed on January 1, 2018. Pro forma adjustments have been made to illustrate the incremental impact on earnings of interest costs on the borrowings to acquire the company, 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 March 31, (In millions, except per share data) 2020 2019 Revenue Pro forma $ 457.7 $ 439.6 As reported 457.7 417.5 Income from continuing operations Pro forma $ 29.0 $ 20.8 As reported 29.0 19.7 Income from continuing operations per share Pro forma Basic $ 0.91 $ 0.65 Fully diluted 0.90 0.65 As reported Basic $ 0.91 $ 0.62 Fully diluted 0.90 0.62

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
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, 2019 $ 490.9 $ 38.0 $ 528.9 Acquisitions 0.3 — 0.3 Currency translation (9.2 ) (0.2 ) (9.4 ) Balance as of March 31, 2020 $ 482.0 $ 37.8 $ 519.8
Schedule of finite-lived intangible assets	Intangible assets consisted of the following: March 31, 2020 December 31, 2019 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 249.2 $ 66.6 $ 251.3 $ 61.9 Patents and acquired technology 141.3 51.1 138.7 48.5 Trademarks 36.7 14.0 38.0 11.6 Non-amortizing intangible assets 15.5 — 15.6 — Other 9.4 9.0 16.7 12.4 Total intangible assets $ 452.1 $ 140.7 $ 460.3 $ 134.4
Schedule of indefinite-lived intangible assets	Intangible assets consisted of the following: March 31, 2020 December 31, 2019 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 249.2 $ 66.6 $ 251.3 $ 61.9 Patents and acquired technology 141.3 51.1 138.7 48.5 Trademarks 36.7 14.0 38.0 11.6 Non-amortizing intangible assets 15.5 — 15.6 — Other 9.4 9.0 16.7 12.4 Total intangible assets $ 452.1 $ 140.7 $ 460.3 $ 134.4

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: (In millions) March 31, 2020 December 31, 2019 Raw materials $ 96.5 $ 100.8 Work in process 70.4 65.8 Finished goods 140.6 149.5 Gross inventories before LIFO reserves and valuation adjustments 307.5 316.1 LIFO reserves (49.4 ) (49.5 ) Valuation adjustments (20.9 ) (21.6 ) Net inventories $ 237.2 $ 245.0

Pension (Tables)

Pension (Tables)	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Components of net periodic benefit cost (income)	Components of net periodic benefit cost were as follows: Three Months Ended (In millions) 2020 2019 Service cost $ 0.5 $ 0.4 Interest cost 2.3 2.6 Expected return on plan assets (3.3 ) (3.8 ) Amortization of net actuarial losses 2.0 1.7 Net periodic cost $ 1.5 $ 0.9

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Changes in the AOCI Balances	Changes in the AOCI balances for the three months ended March 31, 2020 and 2019 by component are shown in the following tables: Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation (1) Total (1) (In millions) Beginning balance, December 31, 2019 $ (147.0 ) $ 0.1 $ (45.9 ) $ (192.8 ) Other comprehensive income (loss) before reclassification — (2.4 ) (24.7 ) (27.1 ) Amounts reclassified from accumulated other comprehensive income 1.5 — (0.5 ) 1.0 Ending balance, March 31, 2020 $ (145.5 ) $ (2.3 ) $ (71.1 ) $ (218.9 ) (1) All amounts are net of income taxes. Pension and Other Postretirement Benefits (1) Derivatives Designated as Hedges (1) Foreign Currency Translation Total (1) (In millions) Beginning balance, December 31, 2018 $ (140.4 ) $ 2.0 $ (48.1 ) $ (186.5 ) Other comprehensive income (loss) before reclassification 0.4 (0.3 ) (0.3 ) (0.2 ) Amounts reclassified from accumulated other comprehensive income 1.3 (0.4 ) (0.4 ) 0.5 Ending balance, March 31, 2019 $ (138.7 ) $ 1.3 $ (48.8 ) $ (186.2 ) (1) All amounts are net of income taxes.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	In the following table, revenue is disaggregated by type of good or service and primary geographical market. The table also includes a reconciliation of the disaggregated revenue with the reportable segments. Three Months Ended Three Months Ended March 31, 2020 March 31, 2019 (In millions) JBT FoodTech JBT AeroTech JBT FoodTech JBT AeroTech Type of Good or Service Recurring (1) $ 153.7 $ 45.7 $ 133.3 $ 50.9 Non-recurring (1) 156.0 102.3 161.3 72.0 Total 309.7 148.0 294.6 122.9 Geographical Region (2) North America 154.1 130.4 156.1 94.9 Europe, Middle East and Africa 99.6 10.6 79.4 23.4 Asia Pacific 35.4 5.7 37.7 4.1 Latin America 20.6 1.3 21.4 0.5 Total 309.7 148.0 294.6 122.9 Timing of Recognition Point in Time 148.4 77.1 146.0 68.6 Over Time 161.3 70.9 148.6 54.3 Total 309.7 148.0 294.6 122.9 (1) Aftermarket parts and services and revenue from leasing contracts are considered recurring revenue. Non-recurring revenue includes new equipment and installation. (2) Geographical region represents the region in which the end customer resides.
Contract with Customer, Asset and Liability	ontract asset and liability balances for the period were as follows: Balances as of (In millions) March 31, 2020 December 31, 2019 Contract assets $ 80.6 $ 74.4 Contract liabilities 90.0 92.5

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
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 basic and diluted shares outstanding: Three Months Ended (In millions, except per share data) 2020 2019 Basic earnings per share: Income from continuing operations $ 29.0 $ 19.7 Weighted average number of shares outstanding 31.9 31.8 Basic earnings per share from continuing operations $ 0.91 $ 0.62 Diluted earnings per share: Income from continuing operations $ 29.0 $ 19.7 Weighted average number of shares outstanding 31.9 31.8 Effect of dilutive securities: Restricted stock 0.2 0.2 Total shares and dilutive securities 32.1 32.0 Diluted earnings per share from continuing operations $ 0.90 $ 0.62

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 As of December 31, 2019 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 12.8 $ 12.8 $ — $ — $ 14.3 $ 14.3 $ — $ — Derivatives 18.3 — 18.3 — 12.0 — 12.0 — Total assets $ 31.1 $ 12.8 $ 18.3 $ — $ 26.3 $ 14.3 $ 12.0 $ — Liabilities: Derivatives $ 12.5 $ — $ 12.5 $ — $ 2.8 $ — $ 2.8 $ — Contingent consideration 16.1 — — 16.1 17.4 — — 17.4 Total liabilities $ 28.6 $ — $ 12.5 $ 16.1 $ 20.2 $ — $ 2.8 $ 17.4
Schedule of changes in fair value of contingent consideration	Following table provides a summary of changes in fair value of contingent consideration during the the quarter ended March 31, 2020 : Three months ended March 31, 2020 Beginning balance $ 17.4 Acquisitions — Measurement adjustments recorded to earnings (0.3 ) Foreign currency translation adjustment (1.0 ) Ending balance $ 16.1

Derivative Financial Instrume_2

Derivative Financial Instruments and Risk Management (Tables)	3 Months Ended
	Mar. 31, 2020
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 and embedded derivatives included within the Balance Sheet: As of March 31, 2020 As of December 31, 2019 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Total $ 5.9 $ 9.4 $ 5.7 $ 3.5
Schedule of derivative assets at fair value	As of March 31, 2020 and December 31, 2019 , information related to these offsetting arrangements was as follows: (In millions) As of March 31, 2020 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 16.6 $ — $ 16.6 $ (3.1 ) $ 13.5 (In millions) As of December 31, 2019 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 12.0 $ — $ 12.0 $ (2.1 ) $ 9.9
Schedule of derivative liabilities at fair value	(In millions) As of December 31, 2019 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 2.8 $ — $ 2.8 $ (2.1 ) $ 0.7 (In millions) As of March 31, 2020 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Presented in the Consolidated Balance Sheet Amount Subject to Master Netting Agreement Net Amount Derivatives $ 12.5 $ — $ 12.5 $ (3.1 ) $ 9.4
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 Income Statement: Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of (Loss) Gain Recognized in Income Three Months Ended (In millions) 2020 2019 Foreign exchange contracts Revenue $ (4.6 ) $ (2.0 ) Foreign exchange contracts Cost of sales 2.8 0.8 Foreign exchange contracts Selling, general and administrative expense 0.4 (0.1 ) Total (1.4 ) (1.3 ) Remeasurement of assets and liabilities in foreign currencies 2.9 0.4 Net gain (loss) on foreign currency transactions $ 1.5 $ (0.9 )

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Lessor, Lease Revenue	The following table provides the required information regarding operating leases for which the Company is lessor. Three Months Ended Three Months Ended (In millions) March 31, 2020 March 31, 2019 Fixed payment revenue $ 16.3 $ 16.1 Variable payment revenue 5.1 5.4 Total $ 21.4 $ 21.5

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of warranty cost and accrual information	Warranty cost and accrual information were as follows: Three Months Ended March 31, (In millions) 2020 2019 Balance at beginning of period $ 12.0 $ 13.5 Expense for new warranties 3.0 3.2 Adjustments to existing accruals 0.2 (1.3 ) Claims paid (3.5 ) (3.4 ) Added through acquisition 0.1 0.4 Translation (0.2 ) (0.1 ) Balance at end of period $ 11.6 $ 12.3

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of segment revenue and operating profit	Segment operating profit is defined as total segment revenue less segment Operating expense. Business segment information was as follows: Three Months Ended (In millions) 2020 2019 Revenue JBT FoodTech $ 309.7 $ 294.6 JBT AeroTech 148.0 122.9 Total revenue 457.7 417.5 Income before income taxes Segment operating profit: JBT FoodTech 40.7 38.7 JBT AeroTech 18.5 10.1 Total segment operating profit 59.2 48.8 Corporate items: Corporate expense (1) 13.5 12.9 Restructuring expense (2) 2.0 5.9 Operating income 43.7 30.0 Pension expense, other than service cost 1.0 0.5 Interest expense, net 4.8 3.3 Income from continuing operations before income taxes $ 37.9 $ 26.2 (1) Corporate expense generally includes corporate staff-related expense, stock-based compensation, 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 14 . Restructuring for further information on restructuring expense.

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Schedule of restructuring expense	The following table details the amounts reported in restructuring expense for the active restructuring plans on the consolidated statement of income since the implementation of this plan: Cumulative Amount For the Three Months Ended Cumulative Amount (In millions) Balance as of December 31, 2019 March 31, 2020 As of March 31, 2020 2018 restructuring plan Severance and related expense $ 25.4 $ 2.2 $ 27.6 Other 45.6 0.1 45.7 Other Severance and related expense — 0.7 0.7 Total Restructuring charges $ 71.0 $ 3.0 $ 74.0
Schedule of restructuring reserve by type of cost	Liability balances for restructuring activities are included in other current liabilities in the accompanying Balance Sheet. The table below details the activities in 2020: Impact to Earnings (In millions) Balance as of Charged to Earnings Release of Liability Payments Made Balance as of 2018 restructuring plan Severance and related expense $ 4.2 $ 2.2 $ (0.6 ) $ (2.5 ) 3.3 Other 1.5 0.1 (0.4 ) (1.1 ) 0.1 Other Severance and related expense — 0.7 — — 0.7 Total $ 5.7 $ 3.0 $ (1.0 ) $ (3.6 ) 4.1 The Company released $1.0 million of liability during the three months ended March 31, 2020 which it no longer expects to pay in connection with the 2018 restructuring plan due to actual severance payments differing from the original estimates and natural attrition of employees.

Description of Business and B_3

Description of Business and Basis of Presentation - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Goodwill impaired		$ 0
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible assets useful lives	7 years
Minimum | Acquired Intangible Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible assets useful lives		1 year
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible assets useful lives		21 years
Maximum | Acquired Intangible Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible assets useful lives		21 years

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	May 31, 2019USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)acquisition
Business Acquisition [Line Items]
Percentage of voting interests acquired				100.00%
Number of businesses acquired | acquisition				3
Consideration paid to acquire business		$ 0	$ 47.3	$ 382.9
Proseal
Business Acquisition [Line Items]
Consideration paid to acquire business	$ 274.9

Acquisitions - Fair Values of A

Acquisitions - Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	May 31, 2019	Feb. 01, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Jun. 30, 2019
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Contingent consideration			$ 16.1		$ 17.4
Net consideration			0	$ 47.3	382.9
Goodwill			519.8		$ 528.9
Goodwill expected to be tax deductible			$ 58.8
Minimum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets useful lives			7 years
Maximum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Intangible assets useful lives					21 years
Customer Relationships
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets					$ 87
Intangible assets useful lives					14 years
Technology-Based Intangible Assets
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets					$ 37.6
Intangible assets useful lives					9 years
Trade Names
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Other intangible assets					$ 14.7
Intangible assets useful lives					20 years
Proseal
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets	$ 46.4
Inventories	24.8
Property, plant and equipment	22.2
Other intangible assets	91.5
Deferred tax liabilities	(19.2)
Financial liabilities	(35.3)
Total identifiable net assets	130.4
Cash consideration paid	264.5
Contingent consideration	14.7					$ 14.7
Holdback payment due to seller	0
Total consideration	279.2
Cash acquired	4.3
Net consideration	274.9
Goodwill	148.8
Proseal | January 1, 2020 Through December 31, 2020
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Contingent earn-out payment					$ 17.7
Prime
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets	12.9
Inventories	11.6
Property, plant and equipment	1.5
Other intangible assets	28.4
Deferred tax liabilities	0
Financial liabilities	(21)
Total identifiable net assets	33.4
Cash consideration paid	60.6
Contingent consideration	1.3					$ 1.3
Holdback payment due to seller	0.9
Total consideration	62.8
Cash acquired	1.4
Net consideration	61.4
Goodwill	$ 29.4
Prime | January 1, 2020 Through December 31, 2020 | Minimum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Contingent earn-out payment					0
Prime | January 1, 2020 Through December 31, 2020 | Maximum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Contingent earn-out payment					0.5
Prime | June 1, 2019 Through December 31, 2019 | Minimum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Contingent earn-out payment					0
Prime | June 1, 2019 Through December 31, 2019 | Maximum
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Contingent earn-out payment					$ 1
LEKTRO
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets		$ 4.2
Inventories		7
Property, plant and equipment		0.3
Other intangible assets		19.4
Deferred tax liabilities		(4.9)
Financial liabilities		(4.6)
Total identifiable net assets		21.4
Cash consideration paid		48.3
Contingent consideration		0
Holdback payment due to seller		0
Total consideration		48.3
Cash acquired		1.7
Net consideration		46.6
Goodwill		$ 26.9
Proseal, Prime and Lektro
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Financial assets			$ 63.5
Inventories			43.4
Property, plant and equipment			24
Other intangible assets			139.3
Deferred tax liabilities			(24.1)
Financial liabilities			(60.9)
Total identifiable net assets			185.2
Cash consideration paid			373.4
Contingent consideration			16
Holdback payment due to seller			0.9
Total consideration			390.3
Cash acquired			7.4
Net consideration			382.9
Goodwill			$ 205.1

Acquisitions - Pro Forma Financ

Acquisitions - Pro Forma Financial Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue
As reported	$ 457.7	$ 417.5
Income from continuing operations
As reported	$ 29	$ 19.7
As reported
Basic earnings per share from continuing operations (in dollars per share)	$ 0.91	$ 0.62
Diluted earnings per share from continuing operations (in dollars per share)	$ 0.90	$ 0.62
Proseal
Revenue
Pro forma	$ 457.7	$ 439.6
Income from continuing operations
Pro forma	$ 29	$ 20.8
Pro forma
Basic (in dollars per share)	$ 0.91	$ 0.65
Fully diluted (in dollars per share)	$ 0.90	$ 0.65

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Goodwill [Roll Forward]
Balance as of December 31, 2019	$ 528.9
Acquisitions	0.3
Currency translation	(9.4)
Balance as of March 31, 2020	519.8
JBT FoodTech
Goodwill [Roll Forward]
Balance as of December 31, 2019	490.9
Acquisitions	0.3
Currency translation	(9.2)
Balance as of March 31, 2020	482
JBT AeroTech
Goodwill [Roll Forward]
Balance as of December 31, 2019	38
Acquisitions	0
Currency translation	(0.2)
Balance as of March 31, 2020	$ 37.8

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 452.1	$ 460.3
Accumulated amortization	140.7	134.4
Non-amortizing intangible assets	15.5	15.6
Customer relationship
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	249.2	251.3
Accumulated amortization	66.6	61.9
Patents and acquired technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	141.3	138.7
Accumulated amortization	51.1	48.5
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	36.7	38
Accumulated amortization	14	11.6
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	9.4	16.7
Accumulated amortization	$ 9	$ 12.4

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 96.5	$ 100.8
Work in process	70.4	65.8
Finished goods	140.6	149.5
Gross inventories before LIFO reserves and valuation adjustments	307.5	316.1
LIFO reserves	(49.4)	(49.5)
Valuation adjustments	(20.9)	(21.6)
Net inventories	$ 237.2	$ 245

Pension - Components of Net Per

Pension - Components of Net Periodic Benefit Cost (Details) - Pension Benefits - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.5	$ 0.4
Interest cost	2.3	2.6
Expected return on plan assets	(3.3)	(3.8)
Amortization of net actuarial losses	2	1.7
Net periodic cost	$ 1.5	$ 0.9

Pension - Narrative (Details)

Pension - Narrative (Details) - UNITED STATES	3 Months Ended
	Mar. 31, 2020USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions to pension and other postretirement benefit plans in current year	$ 5,000,000
Employer contributions made	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Change in AOCI Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 569.5	$ 456.9
Other comprehensive income (loss) before reclassification	(27.1)	(0.2)
Amounts reclassified from accumulated other comprehensive income	1	0.5
Ending balance	570.7	476.4
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(192.8)	(186.5)
Ending balance	(218.9)	(186.2)
Pension and Other Postretirement Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(147)	(140.4)
Other comprehensive income (loss) before reclassification	0	0.4
Amounts reclassified from accumulated other comprehensive income	1.5	1.3
Ending balance	(145.5)	(138.7)
Derivatives Designated as Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	0.1	2
Other comprehensive income (loss) before reclassification	(2.4)	(0.3)
Amounts reclassified from accumulated other comprehensive income	0	(0.4)
Ending balance	(2.3)	1.3
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(45.9)	(48.1)
Other comprehensive income (loss) before reclassification	(24.7)	(0.3)
Amounts reclassified from accumulated other comprehensive income	(0.5)	(0.4)
Ending balance	$ (71.1)	$ (48.8)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax provision (benefit)	$ 8.9	$ 6.5
Reclassification adjustments for foreign currency translation	0.7	0.6
Reclassification adjustment for foreign currency translation, tax	0.2	0.2
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest expense, net	0	0.5
Income tax provision (benefit)	0	0.1
Selling, General and Administrative Expenses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustments for pension and postretirement benefit plans	(2)	(1.7)
Provision for Income Taxes
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustments for pension and postretirement benefit plans	$ 0.5	$ 0.4

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 457.7	$ 417.5
JBT FoodTech
Disaggregation of Revenue [Line Items]
Revenue	309.7	294.6
JBT FoodTech | North America
Disaggregation of Revenue [Line Items]
Revenue	154.1	156.1
JBT FoodTech | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue	99.6	79.4
JBT FoodTech | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	35.4	37.7
JBT FoodTech | Latin America
Disaggregation of Revenue [Line Items]
Revenue	20.6	21.4
JBT FoodTech | Recurring
Disaggregation of Revenue [Line Items]
Revenue	153.7	133.3
JBT FoodTech | Non-Recurring
Disaggregation of Revenue [Line Items]
Revenue	156	161.3
JBT AeroTech
Disaggregation of Revenue [Line Items]
Revenue	148	122.9
JBT AeroTech | North America
Disaggregation of Revenue [Line Items]
Revenue	130.4	94.9
JBT AeroTech | Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenue	10.6	23.4
JBT AeroTech | Asia Pacific
Disaggregation of Revenue [Line Items]
Revenue	5.7	4.1
JBT AeroTech | Latin America
Disaggregation of Revenue [Line Items]
Revenue	1.3	0.5
JBT AeroTech | Recurring
Disaggregation of Revenue [Line Items]
Revenue	45.7	50.9
JBT AeroTech | Non-Recurring
Disaggregation of Revenue [Line Items]
Revenue	102.3	72
Point in Time | JBT FoodTech
Disaggregation of Revenue [Line Items]
Revenue	148.4	146
Point in Time | JBT AeroTech
Disaggregation of Revenue [Line Items]
Revenue	77.1	68.6
Over Time | JBT FoodTech
Disaggregation of Revenue [Line Items]
Revenue	161.3	148.6
Over Time | JBT AeroTech
Disaggregation of Revenue [Line Items]
Revenue	$ 70.9	$ 54.3

Revenue Recognition - Contract

Revenue Recognition - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract assets	$ 80.6	$ 74.4
Contract liabilities	$ 90	$ 92.5

Revenue Recognition - Revenue R

Revenue Recognition - Revenue Recognition (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 230.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	9 months
Revenue, percentage to be recognized	59.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	1 year
Revenue, percentage to be recognized		41.00%

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract liability, revenue recognized	$ 50	$ 112.5

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
	Mar. 31, 2020	Mar. 31, 2019
Basic earnings per share:
Income from continuing operations	$ 29	$ 19.7
Weighted average number of shares outstanding (in shares)	31.9	31.8
Basic earnings per share from continuing operations (in dollars per share)	$ 0.91	$ 0.62
Diluted earnings per share:
Income from continuing operations	$ 29	$ 19.7
Weighted average number of shares outstanding (in shares)	31.9	31.8
Effect of dilutive securities:
Restricted stock (in shares)	0.2	0.2
Total shares and dilutive securities (in shares)	32.1	32
Diluted earnings per share from continuing operations (in dollars per share)	$ 0.90	$ 0.62

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Unrealized holding gain	$ 1.7	$ 1.8
Contingent consideration	16.1	17.4
Contingent liability, noncurrent	$ 15.6
Contingent liability, current		$ 0.5

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets:
Derivatives	$ 16.6	$ 12
Liabilities:
Derivatives	12.5	2.8
Contingent consideration	16.1	17.4
Fair Value, Measurements, Recurring
Assets:
Investments	12.8	14.3
Derivatives	18.3	12
Total assets	31.1	26.3
Liabilities:
Derivatives	12.5	2.8
Contingent consideration	16.1	17.4
Total liabilities	28.6	20.2
Fair Value, Measurements, Recurring | Level 1
Assets:
Investments	12.8	14.3
Derivatives	0	0
Total assets	12.8	14.3
Liabilities:
Derivatives	0	0
Contingent consideration	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 2
Assets:
Investments	0	0
Derivatives	18.3	12
Total assets	18.3	12
Liabilities:
Derivatives	12.5	2.8
Contingent consideration	0	0
Total liabilities	12.5	2.8
Fair Value, Measurements, Recurring | Level 3
Assets:
Investments	0	0
Derivatives	0	0
Total assets	0	0
Liabilities:
Derivatives	0	0
Contingent consideration	16.1	17.4
Total liabilities	$ 16.1	$ 17.4

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Changes in Contingent Consideration (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Business Combination, Contingent Consideration, Liability [Roll Forward]
Beginning balance	$ 17.4
Acquisitions	0
Measurement adjustments recorded to earnings	(0.3)
Foreign currency translation adjustment	(1)
Ending balance	$ 16.1

Derivative Financial Instrume_3

Derivative Financial Instruments and Risk Management - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)derivative	Apr. 15, 2020USD ($)derivative	Dec. 31, 2019USD ($)	Jan. 31, 2016USD ($)derivative
Derivatives, Fair Value [Line Items]
Fair value of derivative asset	$ 16.6		$ 12
Not Designated as Hedging Instrument | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative, term of contract (less than)	2 years
Notional amount	$ 482.3
Net Investment Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Cross currency swap amount	116.4
Net investment hedge recorded in other comprehensive income (loss)	9.2
Cash Flow Hedging | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive income (loss)	$ 2.3
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Number of derivative instruments held | derivative				1
Cross currency swap amount				$ 50
Cash Flow Hedging | Designated as Hedging Instrument | Forward Starting Interest Rate Swap
Derivatives, Fair Value [Line Items]
Number of derivative instruments held | derivative	4
Cross currency swap amount	$ 200
Other Current Assets | Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair value of derivative asset	0.4
Other Assets | Net Investment Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Net investment hedge recorded in other comprehensive income (loss)	12.4
Other Assets | Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair value of derivative asset	2.7
Interest Expense | Net Investment Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Gain (loss) recorded in interest expense	$ 0.7
Subsequent Event | Forward Starting Interest Rate Swap
Derivatives, Fair Value [Line Items]
Number of derivative instruments held | derivative		1
Cross currency swap amount		$ 50

Derivative Financial Instrume_4

Derivative Financial Instruments and Risk Management - Fair Value of Foreign Currency Derivatives in Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative Assets	$ 16.6	$ 12
Derivative Liabilities	12.5	2.8
Foreign Currency Derivatives and Embedded Derivatives
Derivative [Line Items]
Derivative Assets	5.9	5.7
Derivative Liabilities	$ 9.4	$ 3.5

Derivative Financial Instrume_5

Derivative Financial Instruments and Risk Management - Derivative Assets at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Assets	$ 16.6	$ 12
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Presented in the Consolidated Balance Sheet	16.6	12
Amount Subject to Master Netting Agreement	(3.1)	(2.1)
Net Amount	$ 13.5	$ 9.9

Derivative Financial Instrume_6

Derivative Financial Instruments and Risk Management - Derivative Liabilities at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liabilities	$ 12.5	$ 2.8
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Presented in the Consolidated Balance Sheet	12.5	2.8
Amount Subject to Master Netting Agreement	(3.1)	(2.1)
Net Amount	$ 9.4	$ 0.7

Derivative Financial Instrume_7

Derivative Financial Instruments and Risk Management - Location and Amount of Gain (Loss) on Foreign Currency Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in Income	$ (1.4)	$ (1.3)
Remeasurement of assets and liabilities in foreign currencies	2.9	0.4
Net gain (loss) on foreign currency transactions	1.5	(0.9)
Revenue
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in Income	(4.6)	(2)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in Income	2.8	0.8
Selling, general and administrative expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) Gain Recognized in Income	$ 0.4	$ (0.1)

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Leases [Abstract]
Sales-type lease revenue	$ 1.5

Leases - Lease Revenue (Details

Leases - Lease Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Fixed payment revenue	$ 16.3	$ 16.1
Variable payment revenue	5.1	5.4
Total	$ 21.4	$ 21.5

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Product Warranty Liability [Line Items]
Guarantor obligations, expiration term	P2Y
Performance Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 146.9
Financial Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	7.7
Customers Financing Arrangements Guarantee
Product Warranty Liability [Line Items]
Guarantor obligations, maximum exposure, undiscounted	3.3
Guarantor obligations, maximum exposure, undiscounted, net	$ 0.2
Minimum
Product Warranty Liability [Line Items]
Guarantor obligations, amount recoverable from third-parties (as a percent)	85.00%
Maximum
Product Warranty Liability [Line Items]
Guarantor obligations, amount recoverable from third-parties (as a percent)	95.00%

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Warranty Cost and Accrual Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 12	$ 13.5
Expense for new warranties	3	3.2
Adjustments to existing accruals	0.2	(1.3)
Claims paid	(3.5)	(3.4)
Added through acquisition	0.1	0.4
Translation	(0.2)	(0.1)
Balance at end of period	$ 11.6	$ 12.3

Business Segment Information -

Business Segment Information - Schedule of Segment Revenue and Operating Profit (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Revenue	$ 457.7	$ 417.5
Corporate expense	(97.3)	(91.7)
Restructuring expense	(2)	(5.9)
Operating income	43.7	30
Periodic pension cost, net	(1)	(0.5)
Income from continuing operations before income taxes	37.9	26.2
Operating segments
Segment Reporting Information [Line Items]
Segment operating profit	59.2	48.8
Operating segments | JBT FoodTech
Segment Reporting Information [Line Items]
Revenue	309.7	294.6
Segment operating profit	40.7	38.7
Operating segments | JBT AeroTech
Segment Reporting Information [Line Items]
Revenue	148	122.9
Segment operating profit	18.5	10.1
Corporate, non-segment
Segment Reporting Information [Line Items]
Corporate expense	13.5	12.9
Restructuring expense	2	5.9
Operating income	43.7	30
Periodic pension cost, net	1	0.5
Interest expense, net	$ 4.8	$ 3.3

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges, release of liability	$ 1
Restructuring costs incurred to date	74			$ 71
JBT Global Business
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, incurred cost	61.8
Restructuring charges, release of liability	11.5
Immaterial Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred to date	0.7
Severance and related expense
Restructuring Cost and Reserve [Line Items]
Restructuring charges, release of liability	$ 1
Forecast | Immaterial Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan			$ 2
Forecast | Minimum | JBT Global Business
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan		$ 62
Forecast | Maximum | JBT Global Business
Restructuring Cost and Reserve [Line Items]
Total expected restructuring cost under plan		$ 64

Restructuring - Restructuring E

Restructuring - Restructuring Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Cumulative amount of restructuring costs	$ 74		$ 71
Restructuring charges	3	$ 3
Restructuring Plan, 2018 | Severance and related expense
Restructuring Cost and Reserve [Line Items]
Cumulative amount of restructuring costs	27.6		25.4
Restructuring charges	2.2	2.2
Restructuring Plan, 2018 | Other
Restructuring Cost and Reserve [Line Items]
Cumulative amount of restructuring costs	45.7		45.6
Restructuring charges	0.1	0.1
Restructuring Plan, Other
Restructuring Cost and Reserve [Line Items]
Cumulative amount of restructuring costs	0.7
Restructuring Plan, Other | Other
Restructuring Cost and Reserve [Line Items]
Cumulative amount of restructuring costs	0.7		$ 0
Restructuring charges	$ 0.7	$ 0.7

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Reserve by Type of Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restructuring Reserve [Roll Forward]
December 31, 2019	$ 5.7
Charged to Earnings	3	$ 3
Release of Liability	(1)
Payments Made	(3.6)
March 31, 2020	4.1
Severance and related expense
Restructuring Reserve [Roll Forward]
Release of Liability	(1)
Restructuring Plan, 2018 | Severance and related expense
Restructuring Reserve [Roll Forward]
December 31, 2019	4.2
Charged to Earnings	2.2	2.2
Release of Liability	(0.6)
Payments Made	(2.5)
March 31, 2020	3.3
Restructuring Plan, 2018 | Other
Restructuring Reserve [Roll Forward]
December 31, 2019	1.5
Charged to Earnings	0.1	0.1
Release of Liability	(0.4)
Payments Made	(1.1)
March 31, 2020	0.1
Restructuring Plan, Other | Other
Restructuring Reserve [Roll Forward]
December 31, 2019	0
Charged to Earnings	0.7	$ 0.7
Release of Liability	0
Payments Made	0
March 31, 2020	$ 0.7

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - Manufacturing Facility Lease - Affiliated Entity $ in Millions	Sep. 01, 2019USD ($)
Related Party Transaction [Line Items]
Term of lease	8 years
Right of use asset	$ 3.8
Lease liability	$ 3.9

Subsequent Events (Details)

Subsequent Events (Details) - Forward Starting Interest Rate Swap - Subsequent Event $ in Millions	Apr. 15, 2020USD ($)derivative
Subsequent Event [Line Items]
Number of derivative instruments | derivative	1
Notional amount of derivative | $	$ 50

Uncategorized Items - a33120-jb

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,000,000)
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,000,000)