JBT Marel (JBTM) 10-Q 29 Oct 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 23, 2015
Entity Registrant Name	John Bean Technologies CORP
Entity Central Index Key	1,433,660
Trading Symbol	jbt
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding (in shares)		29,138,862
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue	$ 273.3	$ 243.2	$ 752.9	$ 688.8
Operating expenses:
Cost of sales	198.8	179	542.7	504.3
Selling, general and administrative expense	46.4	43.5	137.4	132
Research and development expense	$ 5	3.4	$ 13	10.6
Charged to Earnings		1.3		12.5
Other expense, net	$ 2	0.8	$ 1.8	0.9
Operating income	21.1	15.2	58	28.5
Interest income	0.2	0.3	0.7	1.1
Interest expense	(1.7)	(2)	(6)	(5.6)
Income from continuing operations before income taxes	19.6	13.5	52.7	24
Provision for income taxes	6.9	4.5	17.6	8.3
Income from continuing operations	12.7	$ 9	35.1	15.7
Loss from discontinued operations, net of taxes	(0.1)		(0.1)	(0.1)
Net income	$ 12.6	$ 9	$ 35	$ 15.6
Basic earnings per share:
Income from continuing operations (in dollars per share)	$ 0.43	$ 0.30	$ 1.19	$ 0.53
Loss from discontinued operations (in dollars per share)
Net income (in dollars per share)	$ 0.43	$ 0.30	$ 1.19	$ 0.53
Diluted earnings per share:
Diluted earnings per share from continuing operations (in dollars per share)	0.43	$ 0.30	1.18	0.53
Loss from discontinued operations (in dollars per share)	(0.01)		(0.01)	(0.01)
Net income (in dollars per share)	0.42	$ 0.30	1.17	0.52
Cash dividends declared per share (in dollars per share)	$ 0.09	$ 0.09	$ 0.27	$ 0.27

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income	$ 12.6	$ 9	$ 35	$ 15.6
Other comprehensive loss
Foreign currency translation adjustments	(9.6)	(12.3)	(19.6)	(12.7)
Pension and other postretirement benefits adjustments, net of tax of $0.5 and $0.8 for 2015; $0.3 and $0.9 for 2014, respectively	1.4	$ 0.4	3	$ 1.4
Derivatives designated as hedges, net of tax of ($1.2) for 2015	(1.8)		(1.8)
Other comprehensive loss	(10)	$ (11.9)	(18.4)	$ (11.3)
Comprehensive income (loss)	$ 2.6	$ (2.9)	$ 16.6	$ 4.3

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pension and other postretirement benefits adjustments, tax	$ 0.5	$ 0.3	$ 0.8	$ 0.9
Derivatives designated as hedges, tax	$ (1.2)		$ (1.2)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Customer Relationships [Member]
Current Assets:
Intangible assets, net	$ 39.2	$ 37.4
Other Intangible Assets not Including Customer Relationships [Member]
Current Assets:
Intangible assets, net	34.9	22.6
Cash and cash equivalents	37.9	33.3
Trade receivables, net of allowances of $1.9 and $3.0, respectively	182.3	176.2
Inventories	137.7	111.8
Other current assets	42	43.4
Deferred Taxes	23.9	23.2
Total current assets	423.8	387.9
Property, plant and equipment, net of accumulated depreciation of $222.1 and $232.7, respectively	159.4	147.6
Goodwill	93.8	69.2
Other assets	30.6	33.1
Total Assets	781.7	697.8
Current Liabilities:
Short-term debt and current portion of long-term debt	2.3	4.2
Accounts payable, trade and other	109.6	89.5
Advance and progress payments	108.8	86.2
Other current liabilities	104.6	106.5
Total current liabilities	325.3	286.4
Long-term debt, less current portion	230.7	173.8
Accrued pension and other postretirement benefits, less current portion	73.9	93.1
Other liabilities	$ 30.1	$ 25.3
Commitments and contingencies (Note 12)
Stockholders' Equity:
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued
Common stock, $0.01 par value; 120,000,000 shares authorized; 2015: 29,316,041 issued and 29,138,862 outstanding; 2014: 29,138,162 issued and 29,091,502 outstanding;	$ 0.3	$ 0.3
Common stock held in treasury, at cost; 2015: 177,179 shares; 2014: 46,660 shares	(6.4)	(1.5)
Additional paid-in capital	70.1	71.1
Retained earnings	193.2	166.4
Accumulated other comprehensive loss	(135.5)	(117.1)
Total stockholders' equity	121.7	119.2
Total Liabilities and Stockholders' Equity	$ 781.7	$ 697.8

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Customer Relationships [Member]
Intangible assets, accumulated amortization	$ 14.6	$ 12.4
Other Intangible Assets not Including Customer Relationships [Member]
Intangible assets, accumulated amortization	35.2	34.5
Allowances, trade receivables	1.9	3
Intangible assets, accumulated amortization	$ 49.8	$ 46.9
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	29,316,041	29,138,162
Common stock, shares outstanding (in shares)	29,138,862	29,091,502
Common stock held in treasury, shares (in shares)	117,179	46,660

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows From Operating Activities:
Net income	$ 35	$ 15.6
Loss from discontinued operations, net of income taxes	0.1	0.1
Income from continuing operations	35.1	15.7
Adjustments to reconcile income from continuing operations to cash provided by operating activities of continuing operations:
Depreciation and amortization	20.9	18.7
Stock-based compensation	5.2	5.6
Other	1.8	1.9
Changes in operating assets and liabilities:
Trade receivables, net	(0.5)	30.4
Inventories	(17.2)	(24.5)
Accounts payable, trade and other	14.2	3.1
Advance and progress payments	18.9	8.8
Other assets and liabilities, net	(30.5)	(10.2)
Cash provided by continuing operating activities	47.9	49.5
Net cash required by discontinued operating activities	(0.1)	(0.4)
Cash provided by operating activities	47.8	49.1
Cash Flows required by Investing Activities:
Acquisitions, net of cash acquired	(50.9)	(37.6)
Capital expenditures	(26.5)	(28)
Proceeds from disposal of assets	0.9	$ 1.3
Proceeds from property available for sale	2
Cash required by investing activities	(74.5)	$ (64.3)
Cash Flows provided by Financing Activities:
Net decrease in short-term debt	(1.6)	$ 1.8
Cash provided by refinancing of credit facility	183.7
Cash payments to settle existing credit facility	(183.7)
Cash payments to settle private placement debt	(75)
Net borrowings on credit facilities	134.1	$ 30.5
Repayment of long-term debt	(0.9)	(5.2)
Excess tax benefits	2.1	1
Tax withholdings on stock-based compensation awards	(5.5)	(3.5)
Purchase of stock held in treasury	(7.7)	(1.8)
Dividends	(8.3)	(8.1)
Cash provided by financing activities	37.2	14.7
Effect of foreign exchange rate changes on cash and cash equivalents	(5.9)	(5.6)
Increase (decrease) in cash and cash equivalents	4.6	(6.1)
Cash and cash equivalents, beginning of period	33.3	29.4
Cash and cash equivalents, end of period	$ 37.9	$ 23.3

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 . Description of Business and Basis of Presentation Description of Business John Bean Technologies Corporation and its majority-owned consolidated subsidiaries (“JBT” or “we”) provide global technology solutions for the food processing and air transportation industries. We design, manufacture, test and service technologically sophisticated systems and products for customers through our JBT FoodTech and JBT AeroTech segments . We have manufacturing operations worldwide and are strategically located to facilitate delivery of our products and services to our customers. Basis of Presentation In accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, the accompanying unaudited condensed consolidated financial statements (the “interim financial statements”) do not include all of the information and notes for complete financial statements as required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) . As such, the accompanying interim financial statements should be read in conjunction with the JBT Annual Report on Form 10-K for the year ended December 31, 2014, which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated balance sheet was derived from audited financial statements. In the opinion of management, the statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of our financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the interim results and trends in these statements may not be representative of those for the full year or any future period. We have reclassified the prior year intangible asset balances to conform to the current year presentation. Use of estimates Preparation of financial statements that follow U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Recently issued accounting standards not yet adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30) – Simplifying Presentation of Debt Issuance Costs In April 2015, the FASB issued ASU No. 2015-05, Internal-Use Software (Subtopic 350-40) - Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) – Simplifying the Measurement of Inventory In September 2015, the FASB issued ASU No. 2015-16, Simplifying the Accounting for Measurement-Period Adjustments.

Note 2 - Acquisitions

Note 2 - Acquisitions	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 2. Acquisitions Consistent with our growth strategy, we completed several acquisitions during 2015 and 2014 focused on strengthening our protein processing and liquid foods portfolios. Fiscal year 2015 Stork Food and Dairy Systems B.V. On July 31, 2015, John Bean Technologies Corporation and its wholly-owned subsidiary John Bean Technologies Europe B.V. acquired the shares of Stork Food & Dairy Systems, B.V. (“SFDS”), located in Amsterdam, The Netherlands for 46.2 million euro ($50.7 million), which is net of cash acquired of 1.0 million euro ($1.1 million). Consideration for the transaction was provided by cash on hand supplemented with borrowings under our revolving credit facility. SFDS develops, produces and supplies integrated aseptic processing /sterilization and filling systems to the beverage and food processing industries. This acquisition enables us to add complementary aseptic and thermal processing and filling technologies to our liquid foods product portfolio, and will significantly strengthen our ability to provide complete solutions to our customers in the global liquid foods industry. This 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 that is not recognized separate and apart from goodwill as it is neither separable nor contractual in nature. We are currently assessing the amount of goodwill that we expect to be deductible for tax purposes. Acquisition-related transaction costs totaling $1.1 million were recognized as other expense at the time they were incurred. Because the transaction was completed on July 31, 2015, the purchase accounting is preliminary as the valuation of substantially all assets acquired, including accounts receivable, inventories, projects in progress, property, plant and equipment, and all identifiable intangibles, and liabilities assumed, including payables and contingent liabilities, as well as income tax balances and residual goodwill related to this acquisition is not complete; and significant information is still being assembled and reviewed. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). The following table summarizes the provisional fair values recorded for the assets acquired and liabilities assumed for SFDS: (In millions) Assets: Cash $ 1.1 Accounts receivable 10.0 Other receivables 2.5 Inventories 4.8 Costs in excess of billings on projects in progress 7.8 Property, plant and equipment 9.8 Intangible assets: Tradename 12.1 Customer relationships 2.1 Patents 3.9 Deferred Tax Asset 1.1 Total assets $ 55.2 Liabilities: Accounts payable 9.2 Billings in excess of costs on projects 7.6 Other liabilities 9.7 Deferred taxes 5.9 Warranty obligations 0.6 Total liabilities 33.0 Total purchase price $ 51.8 Goodwill $ 29.6 The tradename, patents and customer relationships will be amortized over their estimated useful lives of twenty-five, seven, and fifteen years, respectively. Fiscal year 2014 Wolf-Tec Acquisition On December 1, 2014, John Bean Technologies Corporation and its wholly-owned subsidiaries JBT Holdings, LLC and John Bean Technologies Limited, acquired substantially all of the assets and assumed certain liabilities of Wolf-Tec, Inc. (“Wolf-Tec”) for $53.7 million in cash, which is net of cash acquired of $0.2 million. Consideration for the transaction was provided by cash on hand supplemented with borrowings under our revolving credit facility. The acquisition enables us to better meet customer needs through an expanded portfolio of protein processing equipment and solutions. Our product lines and those of Wolf-Tec are highly complementary, with equipment of both companies frequently utilized on the same production line. The acquisition also provides us with further entry into the beef, pork, and seafood processing markets. The acquisition is strategic in that Wolf-Tec has a strong brand presence, excellent technology and is renowned for its sales and customer support. The acquisition of Wolf-Tec combined with our global reach has and will continue to create strong future growth opportunities. This 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, revenue enhancement synergies in our protein processing business and the acquisition of an assembled workforce. Approximately $13.4 million of the goodwill is expected to be deductible for tax purposes. Acquisition related costs totaling $0.7 million were recognized as other expense in the condensed consolidated statements of income at the time they were incurred. We have substantially completed the purchase price allocation for this acquisition, which is based on the fair value of assets acquired and liabilities assumed. However, if additional information is obtained about these assets and liabilities within the measurement period (not to exceed 12 months from the date of the acquisition), including through asset appraisals and learning more about the newly acquired business, we will refine our estimates of fair value. During the quarter ended September 30, 2015 we refined our estimates of the customer relationship by $0.1 million and other liabilities by ($0.1 million). The impact of these adjustments was reflected as a decrease in goodwill of $0.2 million. No other significant refinements of the valuation occurred during the quarter. Adjustments during the nine months ended September 30, 2015 included net refinements to customer relationships of $2.7 million, intellectual property of ($3.4 million), tradename of $1.5 million, non-compete of $0.8 million, deferred tax assets of $0.9 million, other liabilities of ($1.1 million), and other immaterial refinements of accounts receivable, inventory, and property, plant and equipment. The net impact of these adjustments was reflected as a net decrease in goodwill of $4.2 million. The following table summarizes the provisional fair values recorded for the assets acquired and liabilities assumed for Wolf-Tec: (In millions) Assets: Cash $ 0.2 Accounts receivable 2.3 Other current assets 0.3 Inventories 6.5 Property, plant and equipment 7.7 Intangible assets: Customer relationships 17.3 Intellectual property 2.8 Tradename 1.5 Noncompete agreement 0.8 Backlog & other assets 0.3 Deferred Tax Asset 0.9 Total assets $ 40.6 Liabilities: Accounts payable 1.7 Deferred revenue 0.3 Other liabilities 1.3 Total liabilities $ 3.3 Total purchase price $ 53.9 Goodwill $ 16.6 The customer relationships, intellectual property, and tradename will be amortized over their estimated useful lives of fifteen, ten, and ten years, respectively. The non-compete agreement will be amortized over its term of five years and the backlog asset was amortized over four months, reflecting its pattern of use. ICS Solutions Acquisition On July 1, 2014, we completed the acquisition of 100% of the outstanding shares of ICS Solutions, a subsidiary of Stork Food & Dairy Systems B.V., for cash consideration of $35.7 million, which is net of cash acquired of $10.0 million. We funded this acquisition with cash on hand as well as borrowings against our revolving line of credit. ICS Solutions, located in Amsterdam, The Netherlands and Gainesville, Georgia, is a worldwide leader in the engineering, installation and servicing of high-capacity food preservation equipment. The acquisition was strategically important as ICS Solutions’ hydromatic continuous sterilizer is complementary to our product portfolio of fillers, seamers and in-container sterilization technologies. With this acquisition, we have leveraged our worldwide presence and are providing a complete range of high-capacity, in-container sterilization solutions to our customers in the growing global beverage, dairy and canning industries. In addition, this acquisition is allowing us to improve operational effectiveness as well as enhance sales and service support for our customers through the combination of our businesses. This 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 acquired has been recorded as goodwill. The factors that contributed to the recognition of goodwill primarily relate to expected synergistic benefits from the expansion of our in-container product portfolio. Approximately $1.1 million of the goodwill is expected to be deductible for tax purposes. Acquisition-related costs were recognized in other expense as incurred and totaled $0.9 million for the year ended December 31, 2014. The following table summarizes the fair values recorded for the assets acquired and liabilities assumed for ICS: (In millions) Assets: Cash $ 10.0 Accounts receivable 2.3 Inventories 0.4 Property, plant and equipment and other assets 0.1 Intangible assets: Customer relationships 15.7 Other intangible assets 8.4 Total assets $ 36.9 Liabilities: Accounts payable 1.3 Deferred revenue 2.3 Other liabilities 2.4 Deferred taxes 4.1 Total liabilities 10.1 Total purchase price $ 45.7 Goodwill $ 18.9 The customer relationships and other intangible assets will be amortized over a weighted-average useful life of approximately 12 years. Formcook A cquisition During the first quarter of 2014, John Bean Technologies AB (JBT AB), our wholly-owned subsidiary, acquired certain assets and liabilities of Formcook AB, a regional leader in designing, manufacturing and servicing custom-built industrial cooking and forming technologies for the food processing industry. This transaction was accounted for as a business combination. The purchase price was less than $2 million. While the acquisition was not material to our 2014 results, it is strategically important to our efforts to strengthen our protein processing portfolio. The pro forma impact of these acquisitions is not material individually or in the aggregate and as such, is not presented.

Note 3 - Goodwill and Intangibl

Note 3 - Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 3. 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, 2014 $ 61.4 $ 7.8 $ 69.2 Acquisitions 25.4 - 25.4 Currency translation (0.7 ) (0.1 ) (0.8 ) Balance as of September 30, 2015 86.1 7.7 93.8 Intangible assets consisted of the following: September 30, 2015 December 31, 2014 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 53.8 $ 14.6 $ 49.8 $ 12.4 Patents and acquired technology 35.7 23.1 36.7 23.4 Trademarks 28.1 7.7 14.8 7.4 Other 6.3 4.4 5.6 3.7 Total intangible assets $ 123.9 $ 49.8 $ 106.9 $ 46.9 As a result of the SFDS acquisition, annual intangible asset amortization expense is expected to increase by approximately $0.5 million for 2015.

Note 4 - Inventories

Note 4 - Inventories	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 4. Inventories Inventories consisted of the following: (In millions) September 30, 2015 December 31, 2014 Raw materials $ 62.5 $ 53.7 Work in process 59.2 45.3 Finished goods 84.4 79.2 Gross inventories before LIFO reserves and valuation adjustments 206.1 178.2 LIFO reserves and valuation adjustments (68.4 ) (66.4 ) Net inventories $ 137.7 $ 111.8

Note 5 - Debt

Note 5 - Debt	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 5. DEBT On February 10, 2015, we entered into a new five-year $450 million revolving credit facility, with Wells Fargo Bank, N.A. as administrative agent, and repaid our prior revolving credit facility. This credit facility permits borrowings in the U.S. and in The Netherlands. Borrowings bear interest, at our option, at one month U.S. LIBOR subject to a floor rate of zero or an alternative base rate, which is the greater of Wells Fargo’s Prime Rate, the Federal Funds Rate plus 50 basis points, and LIBOR plus 1%, plus, in each case, a margin dependent on our leverage ratio. We must also pay an annual commitment fee of 15.0 to 30.0 basis points dependent on our leverage ratio. The credit agreement evidencing the facility contains customary representations, warranties, and covenants, including a maximum interest coverage ratio and maximum leverage ratio, as well as certain events of default. As of September 30, 2015 we had $229.1 million drawn on the credit facility at a weighted-average interest rate of 1.6%. On July 31, 2015 our $75 million principal amount of 6.66% senior unsecured notes became due. We used borrowings under the $450 million revolving credit facility noted above to fund the repayment in full of these senior unsecured notes.

Note 6 - Pension and Other Post

Note 6 - Pension and Other Postretirement Benefits	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	Note 6. Pension and Other Postretirement Benefits Components of net periodic benefit cost were as follows: Pension Benefits Other Postretirement Benefits Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (In millions) 2015 2014 2015 2014 2015 2014 2015 2014 Service cost $ 0.4 $ 0.4 $ 1.1 $ 1.3 $ - $ - $ - $ - Interest cost 3.4 3.6 10.3 11.0 - 0.1 0.2 0.3 Expected return on plan assets (4.8 ) (4.9 ) (14.3 ) (14.8 ) - - - - Amortization of prior service (credit) cost - - - 0.1 (0.4 ) - (0.4 ) - Amortization of net actuarial losses 1.2 0.8 3.4 2.1 (0.1 ) (0.1 ) (0.8 ) - Settlements - - 0.3 0.2 - - - (0.1 ) Net periodic cost $ 0.2 $ (0.1 ) $ 0.8 $ (0.1 ) $ (0.5 ) $ - $ (1.0 ) $ 0.2 We expect to contribute $17 million to our pension and other postretirement benefit plans in 2015. We contributed $10 million to our U.S. qualified pension plan during the nine months ended September 30, 2015. On August 31, 2015, JBT amended the Retiree Welfare Benefits Plan to terminate future healthcare benefits effective January 1, 2016, which resulted in a release of $1.2 million of other postretirement benefit liability into other comprehensive income. The resulting negative prior service cost of $1.8 million will be amortized out of other comprehensive income into net income over the remaining life of the plan (through January 1, 2016). The gain from this plan amendment for the three and nine months ended September 30, 2015 was $0.4 million.

Note 7 - Accumulated Other Comp

Note 7 - Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Accumulated Other Comprehensive Income Loss [Text Block]	Note 7 . accumulated other comprehensive income (loss) Accumulated other comprehensive income or loss (“AOCI”) represents the cumulative balance of other comprehensive income, net of tax, as of the balance sheet date. For JBT, AOCI is primarily composed of adjustments related to pension and other postretirement benefit plans, derivatives designated as hedges, and foreign currency translation adjustments. Changes in the AOCI balances for the three months ended September 30, 2015 by component are shown in the following table: Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, June 30, 2015 $ (94.8 ) $ - $ (30.7 ) $ (125.5 ) Other comprehensive income (loss) before reclassification 1.3 (1.8 ) (9.6 ) (10.1 ) Amounts reclassified from accumulated other comprehensive income 0.1 - - 0.1 Ending balance, September 30, 2015 $ (93.4 ) $ (1.8 ) $ (40.3 ) $ (135.5 ) Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the three months ended September 30, 2015 were $0.3 million of benefit in cost of sales and $0.9 million of charges in selling, general and administrative expense, net of $0.5 million in provision from income taxes. Changes in the AOCI balances for the nine months ended September 30, 2015 by component are shown in the following table: Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, December 31, 2014 $ (96.4 ) $ - $ (20.7 ) $ (117.1 ) Other comprehensive income (loss) before reclassification 1.3 (1.8 ) (19.6 ) (20.1 ) Amounts reclassified from accumulated other comprehensive income 1.7 - - 1.7 Ending balance, September 30, 2015 $ (93.4 ) $ (1.8 ) $ (40.3 ) $ (135.5 ) Reclassification adjustments from AOCI into earnings for pension and other postretirement benefit plans for the nine months ended September 30, 2015 were $0.3 million of benefit in cost of sales, and $2.8 million of charges in selling, general and administrative expense, net of $0.8 million in provision for income taxes.

Note 8 - Stock-based Compensati

Note 8 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 8. stock-based compensation On March 13, 2015, we granted 192,589 restricted stock units with a total fair value of $6.7 million to certain employees under an existing stock-based compensation plan. The units will vest three years from the date of grant, in March 2018, and are expected to be amortized over the vesting period. We recognize compensation expense based on estimated grant date fair values for all share-based awards issued to employees and directors. The total compensation expense was $1.9 million and $5.2 million for the three and nine months ended September 30, 2015, respectively. The total compensation expense was $1.9 million and $5.6 million for the three and nine months ended September 30, 2014, respectively.

Note 9 - Earnings Per Share

Note 9 - Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 9. Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the respective periods and our basic and diluted shares outstanding: Three Months Ended Nine Months Ended September 30, September 30, (In millions, except per share data) 2015 2014 2015 2014 Basic earnings per share: Income from continuing operations $ 12.7 $ 9.0 $ 35.1 $ 15.7 Weighted average number of shares outstanding 29.5 29.6 29.5 29.5 Basic earnings per share from continuing operations $ 0.43 $ 0.30 $ 1.19 $ 0.53 Diluted earnings per share: Income from continuing operations $ 12.7 $ 9.0 $ 35.1 $ 15.7 Weighted average number of shares outstanding 29.5 29.6 29.5 29.5 Effect of dilutive securities: Restricted stock 0.3 0.3 0.3 0.3 Total shares and dilutive securities 29.8 29.9 29.8 29.8 Diluted earnings per share from continuing operations $ 0.43 $ 0.30 $ 1.18 $ 0.53

Note 10 - Derivative Financial

Note 10 - Derivative Financial Instruments and Risk Management	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 10 . Derivative Financial Instruments and Risk Management Derivative Financial Instruments All derivatives are recorded as other assets or liabilities in the condensed consolidated balance sheets at their respective fair values. For derivatives designated as cash flow hedges, the effective portion of the unrealized gain or loss related to the derivatives are recorded in other comprehensive income (loss) until the transaction affects earnings. We assess both at inception of the hedge and on an ongoing basis, whether the derivative in the hedging transaction has been, and will continue to be, highly effective in offsetting changes in cash flows of the hedged item. The impact of any ineffectiveness is recognized in the condensed consolidated statements of income. Changes in the fair value of derivatives that do not meet the criteria for designation as a hedge are recognized in earnings. Foreign Exchange: The following table presents the fair value of foreign currency derivatives included within the condensed consolidated balance sheets: As of September 30, 2015 As of December 31, 2014 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Other current assets / liabilities $ 3.5 $ 1.7 $ 6.9 $ 3.9 Other assets / liabilities 2.4 0.1 2.2 - Total $ 5.9 $ 1.8 $ 9.1 $ 3.9 A master netting arrangement allows counterparties to net settle amounts owed to each other as a result of separate offsetting derivative transactions. We enter into master netting arrangements with our counterparties when possible to mitigate credit risk in derivative transactions by permitting us to net settle for transactions with the same counterparty. However, we do not net settle with such counterparties. As a result, we present derivatives at their gross fair values in the consolidated balance sheets. As of September 30, 2015 and December 31, 2014, information related to these offsetting arrangements was as follows: (in millions) As of September 30, 2015 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 5.9 $ - $ 5.9 $ (2.0 ) $ 3.9 As of September 30, 2015 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 4.9 $ - $ 4.9 $ (2.0 ) $ 2.9 (in millions) As of December 31, 2014 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 9.1 $ - $ 9.1 $ (3.8 ) $ 5.3 As of December 31, 2014 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 3.9 $ - $ 3.9 $ (3.8 ) $ 0.1 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 consolidated statements of income: Derivatives not designated as hedging instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of Gain (Loss) Recognized in Income on Derivatives Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2015 2014 2015 2014 Foreign exchange contracts Revenue $ (0.3 ) $ 1.0 $ - $ (0.5 ) Foreign exchange contracts Cost of sales 0.1 (0.5 ) (0.4 ) 0.3 Foreign exchange contracts Other income, net (0.1 ) (0.1 ) - - Total (0.3 ) 0.4 (0.4 ) (0.2 ) Remeasurement of assets and liabilities in foreign currencies 0.5 0.5 (0.7 ) 1.4 Net gain (loss) on foreign currency transactions $ 0.2 $ 0.9 $ (1.1 ) $ 1.2 Interest Rates Ineffectiveness from cash flow hedges, all of which are interest rate swaps, was immaterial as of September 30, 2015. Refer to Note 11. Fair Value of Financial Instruments, for a description of how the values of the above financial instruments are determined. Credit R isk By their nature, financial instruments involve risk including credit risk for non-performance by counterparties. Financial instruments that potentially subject us to credit risk primarily consist of trade receivables and derivative contracts. We manage the credit risk on financial instruments by transacting only with financially secure counterparties, requiring credit approvals and establishing credit limits, and monitoring counterparties’ financial condition. Our maximum exposure to credit loss in the event of non-performance by the counterparty is limited to the amount drawn and outstanding on the financial instrument. Allowances for losses are established based on collectability assessments.

Note 11 - Fair Value of Financi

Note 11 - Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 1 1 . 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 • Level 2 • Level 3 Financial assets and financial liabilities measured at fair value on a recurring basis are as follows: As of September 30, 2015 As of December 31, 2014 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 8.5 $ 8.5 $ - $ - $ 10.7 $ 10.7 $ - $ - Derivatives 5.9 - 5.9 - 9.1 - 9.1 - Total assets $ 14.4 $ 8.5 $ 5.9 $ - $ 19.8 $ 10.7 $ 9.1 $ - Liabilities: Derivatives $ 4.9 $ - $ 4.9 $ - $ 3.9 $ - $ 3.9 $ - Investments represent securities held in a trust for the non-qualified deferred compensation plan. Investments are classified as trading securities and are valued based on quoted prices in active markets for identical assets that we have the ability to access. Investments are reported separately on the consolidated balance sheet. Investments include an unrealized loss of $0.7 million as of September 30, 2015 and $0.2 million as of December 31, 2014. We use the income approach to measure the fair value of derivative instruments on a recurring basis. This approach calculates the present value of the future cash flow by measuring the change between the derivative contract rate and the published market indicative currency rate, multiplied by the contract notional values, and applying an appropriate discount rate. We also perform a qualitative assessment of counterparty credit risk. The carrying amounts of cash and cash equivalents, trade receivables and payables, as well as financial instruments included in other current assets and other current liabilities, approximate fair values because of their short-term maturities. The carrying values and the estimated fair values of our debt financial instruments are summarized on the table below: As of September 30, 2015 As of December 31, 2014 (In millions) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Senior unsecured notes due July 31, 2015 $ - $ - $ 75.0 $ 77.6 Five-year revolving credit facility, expires February 10, 2020 229.1 229.1 94.3 94.3 Brazilian loan due April 15, 2016 0.6 0.5 2.0 1.8 Brazilian loan due October 16, 2017 2.9 2.5 4.3 3.7 Foreign credit facilities 0.2 0.2 2.3 2.3 Other 0.3 0.3 0.1 0.1 There is no active or observable market for our fixed rate borrowings, which include our senior unsecured notes and our Brazilian loans. Therefore, the estimated fair value of the notes and the Brazilian loans are based on discounted cash flows using current interest rates available for debt with similar terms and remaining maturities. The estimates of the all-in interest rate for discounting the notes and the loans are based on a broker quote for notes and loans with similar terms. We do not have a rate adjustment for risk profile changes, covenant issues or credit rating changes, therefore the broker quote is deemed to be the closest approximation of current market rates. The carrying values of the remaining borrowings approximate their fair values due to their variable interest rates.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 12. Commitments and Contingencies In the normal course of our business, we are subject to pending and threatened legal actions, some for which the relief or damages sought may be substantial. Although we are not able to predict the outcome of such actions, after reviewing all pending and threatened actions with counsel and based on information currently available, management believes that the outcome of such actions, individually or in the aggregate, will not have a material adverse effect on our results of operations or financial position. However, it is possible that the ultimate resolution of such matters, if unfavorable, may be material to our results of operations in a particular future period as the time and amount of any resolution of such actions and its relationship to the future results of operations are not currently known. Liabilities are established for pending legal claims only when losses associated with the claims are judged to be probable, and the loss can be reasonably estimated. In many lawsuits and arbitrations, it is not considered probable that a liability has been incurred or not possible to estimate the ultimate or minimum amount of that liability until the case is close to resolution, in which case no liability would be recognized until that time. We are currently the subject of an audit being conducted by the State of Delaware to determine whether we have complied with Delaware unclaimed property (escheat) laws. This audit is being conducted by an outside firm on behalf of the State of Delaware and covers the years from 1986 through the present. In addition to seeking the turnover of unclaimed property subject to escheat laws, the State of Delaware may seek interest, penalties, and other relief. An estimate of a possible loss from this audit cannot be made at this time. Guarantees and Product Warranties In the ordinary course of business with customers, vendors and others, we issue standby letters of credit, performance bonds, surety bonds and other guarantees. These financial instruments, which totaled $128.9 million at September 30, 2015, represent guarantees of our future performance. We also have provided $6.6 million of bank guarantees and letters of credit to secure a portion of our existing financial obligations. The majority of these financial instruments expire within two years; we expect to replace them through the issuance of new or the extension of existing letters of credit and surety bonds. In some instances, we guarantee our customers’ financing arrangements. We are responsible for payment of any unpaid amounts but will receive indemnification from third parties for between sixty and ninety-five percent of the contract values. In addition, we generally retain recourse to the equipment sold. As of September 30, 2015, the gross value of such arrangements was $10.3 million, of which our net exposure under such guarantees is $1.6 million. We provide warranties of various lengths and terms to certain of our customers based on standard terms and conditions and negotiated agreements. We provide for the estimated cost of warranties at the time revenue is recognized for products where reliable, historical experience of warranty claims and costs exists. We also provide a warranty liability when additional specific obligations are identified. The warranty obligation reflected in other current liabilities in the consolidated balance sheets is based on historical experience by product and considers failure rates and the related costs in correcting a product failure. Warranty cost and accrual information is as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2015 2014 2015 2014 Balance at beginning of period $ 10.0 $ 9.6 $ 10.2 $ 10.1 Expense for new warranties 3.1 2.4 8.0 6.6 Adjustments to existing accruals - (0.2 ) (0.3 ) (0.8 ) Claims paid (2.7 ) (2.5 ) (7.4 ) (6.5 ) Added through acquisition 0.6 0.5 0.6 0.5 Translation (0.1 ) (0.3 ) (0.2 ) (0.4 ) Balance at end of period $ 10.9 $ 9.5 $ 10.9 $ 9.5

Note 13 - Business Segment Info

Note 13 - Business Segment Information	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 13. Business Segment Information Segment operating profit is defined as total segment revenue less segment operating expenses. Business segment information was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2015 2014 2015 2014 Revenue JBT FoodTech $ 177.8 $ 148.0 $ 480.9 $ 457.0 JBT AeroTech 95.8 95.6 272.8 232.4 Intercompany eliminations (0.3 ) (0.4 ) (0.8 ) (0.6 ) Total revenue $ 273.3 $ 243.2 $ 752.9 $ 688.8 Income before income taxes Segment operating profit: JBT FoodTech $ 20.5 $ 15.5 $ 56.1 $ 50.4 JBT AeroTech 9.5 10.3 26.2 17.9 Total segment operating profit 30.0 25.8 82.3 68.3 Corporate items: Corporate expense (1) (8.9 ) (9.3 ) (24.3 ) (27.3 ) Restructuring expense (2) - (1.3 ) - (12.5 ) Operating income 21.1 15.2 58.0 28.5 Net interest expense (1.5 ) (1.7 ) (5.3 ) (4.5 ) Income from continuing operations before income taxes $ 19.6 $ 13.5 $ 52.7 $ 24.0 (1) Corporate expense generally includes corporate staff costs, stock-based compensation, pension and other postretirement benefit expenses not related to service, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations. (2) Refer to Note 14.

Note 14 - Restructuring

Note 14 - Restructuring	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 14. RESTRUCTURING Restructuring costs primarily consist of employee separation benefits under our existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs, asset impairment charges and other costs that are associated with restructuring actions. Certain restructuring charges are accrued prior to payments made in accordance with applicable guidance. For such charges, the amounts are determined based on estimates prepared at the time the restructuring actions were approved by management. During the fourth quarter of 2013, we implemented a restructuring plan that included management changes both in the U.S. and in non-U.S. subsidiaries. We incurred severance costs of $1.6 million in connection with this plan in the fourth quarter of 2013. We completed the plan in the third quarter of 2015. In the first quarter of 2014, we implemented a plan to optimize the overall JBT cost structure on a global basis. The initiatives under this plan include streamlining operations, consolidating certain facilities and enhancing our general and administrative infrastructure. Remaining payments required under this plan are expected to be paid during 2015 and 2016. Additional information regarding the restructuring activities is presented in the tables below: (In millions) Charges incurred during the three months ended September 30, Charges incurred during the nine months ended September 30, 2015 2014 2015 2014 Severance and related expense $ (0.5 ) $ 0.4 $ (0.5 ) $ 9.8 Asset write-offs - - - 0.5 Other 0.5 0.9 0.5 2.2 $ - $ 1.3 $ - $ 12.5 While restructuring charges are excluded from our calculation of segment operating profit, the table below presents the restructuring charges associated with each segment and with corporate activities: Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2015 2014 2015 2014 JBT FoodTech $ 0.1 $ 0.4 $ 0.1 $ 9.9 JBT AeroTech (0.1 ) 0.3 (0.1 ) 1.4 Corporate - 0.6 - 1.2 $ - $ 1.3 $ - $ 12.5 Liability balances for restructuring activities are included in other current liabilities in the accompanying condensed consolidated balance sheets. The table below details the activities in 2015: (In millions) Balance as of December 31, 2014 Charged to Earnings Payments Made /Charges Applied Foreign Exchange Translation Balance as of September 30, 2015 Severance and related expense $ 7.6 $ (0.5 ) $ (3.4 ) $ (0.1 ) $ 3.6 Other - 0.5 (0.5 ) - - Severance and related expense $ 7.6 $ - $ (3.9 ) $ (0.1 ) $ 3.6

Note 15 - Subsequent Event

Note 15 - Subsequent Event	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 1 5 . SUBSEQUENT EVENT On October 1, 2015, we completed our acquisition of the shares of A&B Process Systems (“A&B”), located in Stratford, Wisconsin. A&B specializes in the design, manufacturing, automation and installation of liquid foods turnkey production systems. This acquisition, along with our recently completed acquisitions of ICS and SFDS, greatly strengthens JBT's liquid foods portfolio and our ability to provide complete solutions to customers. The purchase price was $102 million, which was funded with cash on hand as well as borrowings under our revolving credit facility.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation In accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, the accompanying unaudited condensed consolidated financial statements (the “interim financial statements”) do not include all of the information and notes for complete financial statements as required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) . As such, the accompanying interim financial statements should be read in conjunction with the JBT Annual Report on Form 10-K for the year ended December 31, 2014, which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business, properties, and other matters. The year-end condensed consolidated balance sheet was derived from audited financial statements. In the opinion of management, the statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of our financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the interim results and trends in these statements may not be representative of those for the full year or any future period. We have reclassified the prior year intangible asset balances to conform to the current year presentation.
Use of Estimates, Policy [Policy Text Block]	Use of estimates Preparation of financial statements that follow U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently issued accounting standards not yet adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30) – Simplifying Presentation of Debt Issuance Costs In April 2015, the FASB issued ASU No. 2015-05, Internal-Use Software (Subtopic 350-40) - Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) – Simplifying the Measurement of Inventory In September 2015, the FASB issued ASU No. 2015-16, Simplifying the Accounting for Measurement-Period Adjustments.

Note 2 - Acquisitions (Tables)

Note 2 - Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	(In millions) Assets: Cash $ 1.1 Accounts receivable 10.0 Other receivables 2.5 Inventories 4.8 Costs in excess of billings on projects in progress 7.8 Property, plant and equipment 9.8 Intangible assets: Tradename 12.1 Customer relationships 2.1 Patents 3.9 Deferred Tax Asset 1.1 Total assets $ 55.2 Liabilities: Accounts payable 9.2 Billings in excess of costs on projects 7.6 Other liabilities 9.7 Deferred taxes 5.9 Warranty obligations 0.6 Total liabilities 33.0 Total purchase price $ 51.8 Goodwill $ 29.6 (In millions) Assets: Cash $ 0.2 Accounts receivable 2.3 Other current assets 0.3 Inventories 6.5 Property, plant and equipment 7.7 Intangible assets: Customer relationships 17.3 Intellectual property 2.8 Tradename 1.5 Noncompete agreement 0.8 Backlog & other assets 0.3 Deferred Tax Asset 0.9 Total assets $ 40.6 Liabilities: Accounts payable 1.7 Deferred revenue 0.3 Other liabilities 1.3 Total liabilities $ 3.3 Total purchase price $ 53.9 Goodwill $ 16.6 (In millions) Assets: Cash $ 10.0 Accounts receivable 2.3 Inventories 0.4 Property, plant and equipment and other assets 0.1 Intangible assets: Customer relationships 15.7 Other intangible assets 8.4 Total assets $ 36.9 Liabilities: Accounts payable 1.3 Deferred revenue 2.3 Other liabilities 2.4 Deferred taxes 4.1 Total liabilities 10.1 Total purchase price $ 45.7 Goodwill $ 18.9

Note 3 - Goodwill and Intangi25

Note 3 - Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Goodwill [Table Text Block]	(In millions) JBT FoodTech JBT AeroTech Total Balance as of December 31, 2014 $ 61.4 $ 7.8 $ 69.2 Acquisitions 25.4 - 25.4 Currency translation (0.7 ) (0.1 ) (0.8 ) Balance as of September 30, 2015 86.1 7.7 93.8
Schedule of Finite-Lived Intangible Assets [Table Text Block]	September 30, 2015 December 31, 2014 (In millions) Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Customer relationship $ 53.8 $ 14.6 $ 49.8 $ 12.4 Patents and acquired technology 35.7 23.1 36.7 23.4 Trademarks 28.1 7.7 14.8 7.4 Other 6.3 4.4 5.6 3.7 Total intangible assets $ 123.9 $ 49.8 $ 106.9 $ 46.9

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Inventory, Current [Table Text Block]	(In millions) September 30, 2015 December 31, 2014 Raw materials $ 62.5 $ 53.7 Work in process 59.2 45.3 Finished goods 84.4 79.2 Gross inventories before LIFO reserves and valuation adjustments 206.1 178.2 LIFO reserves and valuation adjustments (68.4 ) (66.4 ) Net inventories $ 137.7 $ 111.8

Note 6 - Pension and Other Po27

Note 6 - Pension and Other Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Pension Benefits Other Postretirement Benefits Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, (In millions) 2015 2014 2015 2014 2015 2014 2015 2014 Service cost $ 0.4 $ 0.4 $ 1.1 $ 1.3 $ - $ - $ - $ - Interest cost 3.4 3.6 10.3 11.0 - 0.1 0.2 0.3 Expected return on plan assets (4.8 ) (4.9 ) (14.3 ) (14.8 ) - - - - Amortization of prior service (credit) cost - - - 0.1 (0.4 ) - (0.4 ) - Amortization of net actuarial losses 1.2 0.8 3.4 2.1 (0.1 ) (0.1 ) (0.8 ) - Settlements - - 0.3 0.2 - - - (0.1 ) Net periodic cost $ 0.2 $ (0.1 ) $ 0.8 $ (0.1 ) $ (0.5 ) $ - $ (1.0 ) $ 0.2

Note 7 - Accumulated Other Co28

Note 7 - Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, June 30, 2015 $ (94.8 ) $ - $ (30.7 ) $ (125.5 ) Other comprehensive income (loss) before reclassification 1.3 (1.8 ) (9.6 ) (10.1 ) Amounts reclassified from accumulated other comprehensive income 0.1 - - 0.1 Ending balance, September 30, 2015 $ (93.4 ) $ (1.8 ) $ (40.3 ) $ (135.5 ) Pension and Other Postretirement Benefits Derivatives Designated as Hedges Foreign Currency Translation Total (In millions) Beginning balance, December 31, 2014 $ (96.4 ) $ - $ (20.7 ) $ (117.1 ) Other comprehensive income (loss) before reclassification 1.3 (1.8 ) (19.6 ) (20.1 ) Amounts reclassified from accumulated other comprehensive income 1.7 - - 1.7 Ending balance, September 30, 2015 $ (93.4 ) $ (1.8 ) $ (40.3 ) $ (135.5 )

Note 9 - Earnings Per Share (Ta

Note 9 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, (In millions, except per share data) 2015 2014 2015 2014 Basic earnings per share: Income from continuing operations $ 12.7 $ 9.0 $ 35.1 $ 15.7 Weighted average number of shares outstanding 29.5 29.6 29.5 29.5 Basic earnings per share from continuing operations $ 0.43 $ 0.30 $ 1.19 $ 0.53 Diluted earnings per share: Income from continuing operations $ 12.7 $ 9.0 $ 35.1 $ 15.7 Weighted average number of shares outstanding 29.5 29.6 29.5 29.5 Effect of dilutive securities: Restricted stock 0.3 0.3 0.3 0.3 Total shares and dilutive securities 29.8 29.9 29.8 29.8 Diluted earnings per share from continuing operations $ 0.43 $ 0.30 $ 1.18 $ 0.53

Note 10 - Derivative Financia30

Note 10 - Derivative Financial Instruments and Risk Management (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	As of September 30, 2015 As of December 31, 2014 (In millions) Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Other current assets / liabilities $ 3.5 $ 1.7 $ 6.9 $ 3.9 Other assets / liabilities 2.4 0.1 2.2 - Total $ 5.9 $ 1.8 $ 9.1 $ 3.9
Schedule of Derivative Assets at Fair Value [Table Text Block]	(in millions) As of September 30, 2015 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 5.9 $ - $ 5.9 $ (2.0 ) $ 3.9 (in millions) As of December 31, 2014 Offsetting of Assets Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 9.1 $ - $ 9.1 $ (3.8 ) $ 5.3
Schedule of Derivative Liabilities at Fair Value [Table Text Block]	As of September 30, 2015 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 4.9 $ - $ 4.9 $ (2.0 ) $ 2.9 As of December 31, 2014 Offsetting of Liabilities Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Presented in the Consolidated Balance Sheets Amount Subject to Master Netting Agreement Net Amount Derivatives $ 3.9 $ - $ 3.9 $ (3.8 ) $ 0.1
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	Derivatives not designated as hedging instruments Location of Gain (Loss) Recognized in Income on Derivatives Amount of Gain (Loss) Recognized in Income on Derivatives Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2015 2014 2015 2014 Foreign exchange contracts Revenue $ (0.3 ) $ 1.0 $ - $ (0.5 ) Foreign exchange contracts Cost of sales 0.1 (0.5 ) (0.4 ) 0.3 Foreign exchange contracts Other income, net (0.1 ) (0.1 ) - - Total (0.3 ) 0.4 (0.4 ) (0.2 ) Remeasurement of assets and liabilities in foreign currencies 0.5 0.5 (0.7 ) 1.4 Net gain (loss) on foreign currency transactions $ 0.2 $ 0.9 $ (1.1 ) $ 1.2

Note 11 - Fair Value of Finan31

Note 11 - Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	As of September 30, 2015 As of December 31, 2014 (In millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Investments $ 8.5 $ 8.5 $ - $ - $ 10.7 $ 10.7 $ - $ - Derivatives 5.9 - 5.9 - 9.1 - 9.1 - Total assets $ 14.4 $ 8.5 $ 5.9 $ - $ 19.8 $ 10.7 $ 9.1 $ - Liabilities: Derivatives $ 4.9 $ - $ 4.9 $ - $ 3.9 $ - $ 3.9 $ -
Schedule of Long-term Debt Instruments [Table Text Block]	As of September 30, 2015 As of December 31, 2014 (In millions) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Senior unsecured notes due July 31, 2015 $ - $ - $ 75.0 $ 77.6 Five-year revolving credit facility, expires February 10, 2020 229.1 229.1 94.3 94.3 Brazilian loan due April 15, 2016 0.6 0.5 2.0 1.8 Brazilian loan due October 16, 2017 2.9 2.5 4.3 3.7 Foreign credit facilities 0.2 0.2 2.3 2.3 Other 0.3 0.3 0.1 0.1

Note 12 - Commitments and Con32

Note 12 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2015 2014 2015 2014 Balance at beginning of period $ 10.0 $ 9.6 $ 10.2 $ 10.1 Expense for new warranties 3.1 2.4 8.0 6.6 Adjustments to existing accruals - (0.2 ) (0.3 ) (0.8 ) Claims paid (2.7 ) (2.5 ) (7.4 ) (6.5 ) Added through acquisition 0.6 0.5 0.6 0.5 Translation (0.1 ) (0.3 ) (0.2 ) (0.4 ) Balance at end of period $ 10.9 $ 9.5 $ 10.9 $ 9.5

Note 13 - Business Segment In33

Note 13 - Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2015 2014 2015 2014 Revenue JBT FoodTech $ 177.8 $ 148.0 $ 480.9 $ 457.0 JBT AeroTech 95.8 95.6 272.8 232.4 Intercompany eliminations (0.3 ) (0.4 ) (0.8 ) (0.6 ) Total revenue $ 273.3 $ 243.2 $ 752.9 $ 688.8 Income before income taxes Segment operating profit: JBT FoodTech $ 20.5 $ 15.5 $ 56.1 $ 50.4 JBT AeroTech 9.5 10.3 26.2 17.9 Total segment operating profit 30.0 25.8 82.3 68.3 Corporate items: Corporate expense (1) (8.9 ) (9.3 ) (24.3 ) (27.3 ) Restructuring expense (2) - (1.3 ) - (12.5 ) Operating income 21.1 15.2 58.0 28.5 Net interest expense (1.5 ) (1.7 ) (5.3 ) (4.5 ) Income from continuing operations before income taxes $ 19.6 $ 13.5 $ 52.7 $ 24.0

Note 14 - Restructuring (Tables

Note 14 - Restructuring (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Restructuring and Related Costs [Table Text Block]	(In millions) Charges incurred during the three months ended September 30, Charges incurred during the nine months ended September 30, 2015 2014 2015 2014 Severance and related expense $ (0.5 ) $ 0.4 $ (0.5 ) $ 9.8 Asset write-offs - - - 0.5 Other 0.5 0.9 0.5 2.2 $ - $ 1.3 $ - $ 12.5
Restructuring and Related Costs, by Operating Segment [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, (In millions) 2015 2014 2015 2014 JBT FoodTech $ 0.1 $ 0.4 $ 0.1 $ 9.9 JBT AeroTech (0.1 ) 0.3 (0.1 ) 1.4 Corporate - 0.6 - 1.2 $ - $ 1.3 $ - $ 12.5
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	(In millions) Balance as of December 31, 2014 Charged to Earnings Payments Made /Charges Applied Foreign Exchange Translation Balance as of September 30, 2015 Severance and related expense $ 7.6 $ (0.5 ) $ (3.4 ) $ (0.1 ) $ 3.6 Other - 0.5 (0.5 ) - - Severance and related expense $ 7.6 $ - $ (3.9 ) $ (0.1 ) $ 3.6

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) € in Millions, $ in Millions	Jul. 31, 2015EUR (€)	Jul. 31, 2015USD ($)	Dec. 01, 2014USD ($)	Jul. 02, 2014USD ($)	Sep. 30, 2015USD ($)	Mar. 31, 2014USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Customer Relationships [Member] | Wolf-Tec, Inc. [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			15 years
Finite-Lived Intangible Assets, Purchase Accounting Adjustments					$ 0.1		$ 2.7
Customer Relationships [Member] | ICS Solutions [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				12 years
Customer Relationships [Member] | Stork Food Dairy Systems BV [Member] | Amsterdam, The Netherlands [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years	15 years
Intellectual Property [Member] | Wolf-Tec, Inc. [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			10 years
Finite-Lived Intangible Assets, Purchase Accounting Adjustments							(3.4)
Other Intangible Assets [Member] | ICS Solutions [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life				12 years
Trade Names [Member] | Wolf-Tec, Inc. [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			10 years
Finite-Lived Intangible Assets, Purchase Accounting Adjustments							1.5
Trade Names [Member] | Stork Food Dairy Systems BV [Member] | Amsterdam, The Netherlands [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	25 years	25 years
Patents [Member] | Stork Food Dairy Systems BV [Member] | Amsterdam, The Netherlands [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years	7 years
Noncompete Agreements [Member] | Wolf-Tec, Inc. [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			5 years
Finite-Lived Intangible Assets, Purchase Accounting Adjustments							0.8
Order or Production Backlog [Member] | Wolf-Tec, Inc. [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life			120 days
Wolf-Tec, Inc. [Member] | Other Nonoperating Income (Expense) [Member]
Business Combination, Acquisition Related Costs			$ 0.7
Wolf-Tec, Inc. [Member]
Business Combination, Consideration Transferred			53.7
Cash Acquired from Acquisition			0.2
Business Acquisition, Goodwill, Expected Tax Deductible Amount			$ 13.4
Other Liabilities, Purchase Accounting Adjustment					(0.1)		(1.1)
Goodwill, Purchase Accounting Adjustments					$ (0.2)		(4.2)
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability							$ 0.9
ICS Solutions [Member] | Other Nonoperating Income (Expense) [Member]
Business Combination, Acquisition Related Costs								$ 0.9
ICS Solutions [Member]
Business Combination, Consideration Transferred				$ 35.7
Cash Acquired from Acquisition				10
Business Acquisition, Goodwill, Expected Tax Deductible Amount				$ 1.1
Business Acquisition, Percentage of Voting Interests Acquired				100.00%
Stork Food Dairy Systems BV [Member] | Amsterdam, The Netherlands [Member]
Business Combination, Consideration Transferred	€ 46.2	$ 50.7
Cash Acquired from Acquisition	€ 1	1.1
Business Combination, Acquisition Related Costs		$ 1.1
Formcook [Member]
Business Combination, Consideration Transferred						$ 2

Note 2 - Purchase Price Allocat

Note 2 - Purchase Price Allocations and Provisional Fair Values (Details) - USD ($) $ in Millions	Jul. 31, 2015	Dec. 01, 2014	Jul. 02, 2014
Stork Food Dairy Systems BV [Member] | Customer Relationships [Member]
Tradename	$ 2.1
Stork Food Dairy Systems BV [Member] | Trade Names [Member]
Tradename	12.1
Stork Food Dairy Systems BV [Member] | Patents [Member]
Tradename	3.9
Stork Food Dairy Systems BV [Member]
Cash	1.1
Accounts receivable	10
Other receivables	2.5
Inventories	4.8
Costs in excess of billings on projects in progress	7.8
Property, plant and equipment	9.8
Deferred Tax Asset	1.1
Total assets	55.2
Accounts payable	9.2
Billings in excess of costs on projects	7.6
Other liabilities	9.7
Deferred taxes	5.9
Warranty obligations	0.6
Total liabilities	33
Total purchase price	51.8
Goodwill	$ 29.6
Wolf-Tec, Inc. [Member] | Customer Relationships [Member]
Tradename		$ 17.3
Wolf-Tec, Inc. [Member] | Trade Names [Member]
Tradename		1.5
Wolf-Tec, Inc. [Member] | Intellectual Property [Member]
Tradename		2.8
Wolf-Tec, Inc. [Member] | Noncompete Agreements [Member]
Tradename		0.8
Wolf-Tec, Inc. [Member] | Order or Production Backlog [Member]
Tradename		0.3
Wolf-Tec, Inc. [Member]
Cash		0.2
Accounts receivable		2.3
Other receivables		0.3
Inventories		6.5
Property, plant and equipment		7.7
Deferred Tax Asset		0.9
Total assets		40.6
Accounts payable		1.7
Other liabilities		1.3
Total liabilities		3.3
Total purchase price		53.9
Goodwill		16.6
Deferred revenue		$ 0.3
ICS Solutions [Member] | Customer Relationships [Member]
Tradename			$ 15.7
ICS Solutions [Member] | Other Intangible Assets [Member]
Tradename			8.4
ICS Solutions [Member]
Cash			10
Accounts receivable			2.3
Inventories			0.4
Property, plant and equipment			0.1
Total assets			36.9
Accounts payable			1.3
Other liabilities			2.4
Deferred taxes			4.1
Total liabilities			10.1
Total purchase price			45.7
Goodwill			18.9
Deferred revenue			$ 2.3

Note 3 - Goodwill and Intangi37

Note 3 - Goodwill and Intangible Assets (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Stork Food Dairy Systems BV [Member]
Increase (Decrease) in Intangible Assets Amortization Expense Expected to Occur this Year	$ 0.5

Note 3 - Summary of Goodwill (D

Note 3 - Summary of Goodwill (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
JBT FoodTech [Member]
Balance as of December 31, 2014	$ 61.4
Acquisitions	25.4
Currency translation	(0.7)
Balance as of September 30, 2015	86.1
JBT AeroTech [Member]
Balance as of December 31, 2014	$ 7.8
Acquisitions
Currency translation	$ (0.1)
Balance as of September 30, 2015	7.7
Balance as of December 31, 2014	69.2
Acquisitions	25.4
Currency translation	(0.8)
Balance as of September 30, 2015	$ 93.8

Note 3 - Summary of Finite-live

Note 3 - Summary of Finite-lived Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Customer Relationships [Member]
Gross carrying amount	$ 53.8	$ 49.8
Accumulated amortization	14.6	12.4
Patents And Acquired Technology [Member]
Gross carrying amount	35.7	36.7
Accumulated amortization	23.1	23.4
Trademarks [Member]
Gross carrying amount	28.1	14.8
Accumulated amortization	7.7	7.4
Other Intangible Assets [Member]
Gross carrying amount	6.3	5.6
Accumulated amortization	4.4	3.7
Gross carrying amount	123.9	106.9
Accumulated amortization	$ 49.8	$ 46.9

Note 4 - Summary of Inventories

Note 4 - Summary of Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Raw materials	$ 62.5	$ 53.7
Work in process	59.2	45.3
Finished goods	84.4	79.2
Gross inventories before LIFO reserves and valuation adjustments	206.1	178.2
LIFO reserves and valuation adjustments	(68.4)	(66.4)
Net inventories	$ 137.7	$ 111.8

Note 5 - Debt (Details Textual)

Note 5 - Debt (Details Textual) - USD ($) $ in Millions	Feb. 10, 2015	Sep. 30, 2015	Jul. 31, 2015
Wells Fargo Securities, LLC [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Floor Rate	0.00%
Debt Instrument, Basis Spread on Variable Rate	1.00%
Wells Fargo Securities, LLC [Member] | Revolving Credit Facility [Member] | Federal Funds Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Wells Fargo Securities, LLC [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Commitment Fee Percentage	0.15%
Wells Fargo Securities, LLC [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Commitment Fee Percentage	0.30%
Wells Fargo Securities, LLC [Member] | Revolving Credit Facility [Member]
Debt Instrument, Term	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 450
Senior Unsecured Notes [Member]
Long-term Debt			$ 75
Long-term Debt, Weighted Average Interest Rate			6.66%
Long-term Line of Credit		$ 229.1
Line of Credit Facility, Interest Rate During Period		1.60%

Note 6 - Pension and Other Po42

Note 6 - Pension and Other Postretirement Benefits (Details Textual) - USD ($) $ in Millions	Aug. 31, 2014	Sep. 30, 2015	Sep. 30, 2015
Retiree Welfare Benefits Plan [Member]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)		$ (0.4)	$ (0.4)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit) Arising During Period, before Tax	$ (1.2)
Defined Benefit Plan, Future Amortization of Prior Service Cost (Credit)	$ (1.8)
Defined Benefit Plan, Expected Contributions in Current Fiscal Year			17
Defined Benefit Plan, Contributions by Employer			$ 10

Note 6 - Pension and Other Po43

Note 6 - Pension and Other Postretirement Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pension Plan [Member]
Service cost	$ 0.4	$ 0.4	$ 1.1	$ 1.3
Interest cost	3.4	3.6	10.3	11
Expected return on plan assets	$ (4.8)	$ (4.9)	$ (14.3)	(14.8)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)				0.1
Amortization of net actuarial losses	$ 1.2	$ 0.8	$ 3.4	2.1
Settlements			0.3	0.2
Net periodic cost	$ 0.2	$ (0.1)	$ 0.8	$ (0.1)
Other Postretirement Benefit Plan [Member]
Service cost
Interest cost		$ 0.1	$ 0.2	$ 0.3
Expected return on plan assets
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	$ (0.4)		$ (0.4)
Amortization of net actuarial losses	$ (0.1)	$ (0.1)	$ (0.8)
Settlements				$ (0.1)
Net periodic cost	$ (0.5)		$ (1)	$ 0.2

Note 7 - Accumulated Other Co44

Note 7 - Accumulated Other Comprehensive Income (Loss) (Details Textual) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Cost of Sales [Member]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	$ 0.3	$ 0.3
Selling, General and Administrative Expenses [Member]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	0.9	2.8
Provision For Income Taxes [Member]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	0.5	0.8
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	$ 0.1	$ 1.7

Note 7 - Changes in AOCI Balanc

Note 7 - Changes in AOCI Balances (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Pension and Other Postretirement Benefits	$ (94.8)	$ (96.4)
Foreign Currency Translation	(30.7)	(20.7)
Total	(125.5)	(117.1)
Other comprehensive income (loss) before reclassification	1.3	1.3
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(1.8)	(1.8)
Other comprehensive income (loss) before reclassification	(9.6)	(19.6)
Other comprehensive income (loss) before reclassification	(10.1)	(20.1)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	0.1	1.7
Amounts reclassified from accumulated other comprehensive income	0.1	1.7
Pension and Other Postretirement Benefits	(93.4)	(93.4)
Derivatives Designated as Hedges	(1.8)	(1.8)
Foreign Currency Translation	(40.3)	(40.3)
Total	$ (135.5)	$ (135.5)

Note 8 - Stock-based Compensa46

Note 8 - Stock-based Compensation (Details Textual) - USD ($) $ in Millions	Mar. 13, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	192,589
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Granted in Period, Fair Value	$ 6.7
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Allocated Share-based Compensation Expense		$ 1.9	$ 1.9	$ 5.2	$ 5.6

Note 9 - Basic and Diluted EPS

Note 9 - Basic and Diluted EPS from Continuing Operations (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Basic earnings per share:
Income from continuing operations	$ 12.7	$ 9	$ 35.1	$ 15.7
Weighted average number of shares outstanding (in shares)	29.5	29.6	29.5	29.5
Basic earnings per share from continuing operations (in dollars per share)	$ 0.43	$ 0.30	$ 1.19	$ 0.53
Diluted earnings per share:
Income from continuing operations	$ 12.7	$ 9	$ 35.1	$ 15.7
Weighted average number of shares outstanding (in shares)	29.5	29.6	29.5	29.5
Effect of dilutive securities:
Restricted stock (in shares)	0.3	0.3	0.3	0.3
Total shares and dilutive securities (in shares)	29.8	29.9	29.8	29.8
Diluted earnings per share from continuing operations (in dollars per share)	$ 0.43	$ 0.30	$ 1.18	$ 0.53

Note 10 - Derivative Financia48

Note 10 - Derivative Financial Instruments and Risk Management (Details Textual) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Mar. 23, 2015	Dec. 31, 2014USD ($)
Foreign Exchange Contract [Member]
Derivative Asset, Notional Amount	$ 296		$ 296
Interest Rate Swap [Member] | Other Noncurrent Liabilities [Member]
Derivative Liability, Noncurrent	3.1		3.1
Interest Rate Swap [Member]
Derivative, Number of Instruments Held					2
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax			1.8
First Interest Rate Swap [Member]
Derivative, Amount of Hedged Item	$ 75		$ 75
Derivative, Fixed Interest Rate	1.592%		1.592%
Second Interest Rate Swap [Member]
Derivative, Amount of Hedged Item	$ 100		$ 100
Derivative, Fixed Interest Rate	1.711%		1.711%
Derivative Liability, Noncurrent	$ 0.1		$ 0.1
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	$ (1.8)		$ (1.8)

Note 10 - Fair Value of Derivat

Note 10 - Fair Value of Derivatives Included Within the Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Other current assets / liabilities	$ 3.5	$ 6.9
Other current assets / liabilities	1.7	3.9
Other assets / liabilities	2.4	$ 2.2
Derivative Liability, Noncurrent	0.1
Total	5.9	$ 9.1
Total	$ 1.8	$ 3.9

Note 10 - Derivative Assets at

Note 10 - Derivative Assets at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Derivatives	$ 5.9	$ 9.1
Amount Presented in the Consolidated Balance Sheets	5.9	9.1
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	(2)	(3.8)
Gross Amounts Not Offset in the Consolidated Balance Sheets, Net Amount	$ 3.9	$ 5.3

Note 10 - Derivative Liabilitie

Note 10 - Derivative Liabilities at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Derivatives	$ 4.9	$ 3.9
Amount Presented in the Consolidated Balance Sheets	4.9	3.9
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	(2)	(3.8)
Gross Amounts Not Offset in the Consolidated Balance Sheets, Net Amount	$ 2.9	$ 0.1

Note 10 - Gain (Loss) on Deriva

Note 10 - Gain (Loss) on Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Sales [Member]
Foreign exchange contracts	$ (0.3)	$ 1		$ (0.5)
Cost of Sales [Member]
Foreign exchange contracts	0.1	(0.5)	$ (0.4)	$ 0.3
Other Income [Member]
Foreign exchange contracts	(0.1)	(0.1)
Foreign exchange contracts	(0.3)	0.4	$ (0.4)	$ (0.2)
Remeasurement of assets and liabilities in foreign currencies	0.5	0.5	(0.7)	1.4
Net gain (loss) on foreign currency transactions	$ 0.2	$ 0.9	$ (1.1)	$ 1.2

Note 11 - Fair Value of Finan53

Note 11 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Trading Securities, Change in Unrealized Holding Gain (Loss)	$ (0.7)	$ (0.2)

Note 11 - Financial Assets and

Note 11 - Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets:
Investments	$ 8.5	$ 10.7
Derivatives
Total assets	$ 8.5	$ 10.7
Liabilities:
Derivatives
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Investments
Derivatives	$ 5.9	$ 9.1
Total assets	5.9	9.1
Liabilities:
Derivatives	4.9	3.9
Fair Value, Measurements, Recurring [Member]
Assets:
Investments	8.5	10.7
Derivatives	5.9	9.1
Total assets	14.4	19.8
Liabilities:
Derivatives	4.9	3.9
Derivatives	5.9	9.1
Derivatives	$ 4.9	$ 3.9

Note 11 - Carrying Values and t

Note 11 - Carrying Values and the Estimated Fair Values of Debt Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Senior Unsecured Notes [Member]
Long-term Debt		$ 75
Estimated Fair Value		77.6
Revolving Credit Facility1 [Member]
Carrying Value	$ 229.1	94.3
Estimated Fair Value	229.1	94.3
First Brazilian Real Loan [Member]
Long-term Debt	0.6	2
Estimated Fair Value	0.5	1.8
Second Brazilian Real Loan [Member]
Long-term Debt	2.9	4.3
Estimated Fair Value	2.5	3.7
Foreign Credit Facilities [Member]
Carrying Value	0.2	2.3
Estimated Fair Value	0.2	2.3
Other Debt Financial Instrument [Member]
Long-term Debt	0.3	0.1
Estimated Fair Value	0.3	$ 0.1
Carrying Value	$ 229.1

Note 12 - Commitments and Con56

Note 12 - Commitments and Contingencies (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Maximum [Member] | Customers Financing Arrangements Guarantee [Member]
Guarantor Obligations, Indemnification, Percentage	95.00%
Minimum [Member] | Customers Financing Arrangements Guarantee [Member]
Guarantor Obligations, Indemnification, Percentage	60.00%
Customers Financing Arrangements Guarantee [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 10.3
Guarantor Obligations, Maximum Exposure, Undiscounted, Net	1.6
Performance Guarantee [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 128.9
Guarantor Obligations, Expiration	2 years
Financial Guarantee [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 6.6

Note 12 - Product Warranty Cost

Note 12 - Product Warranty Cost and Accrual Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Balance at beginning of period	$ 10	$ 9.6	$ 10.2	$ 10.1
Expense for new warranties	$ 3.1	2.4	8	6.6
Adjustments to existing accruals		(0.2)	(0.3)	(0.8)
Claims paid	$ (2.7)	(2.5)	(7.4)	(6.5)
Added through acquisition	0.6	0.5	0.6	0.5
Translation	(0.1)	(0.3)	(0.2)	(0.4)
Balance at end of period	$ 10.9	$ 9.5	$ 10.9	$ 9.5

Note 13 - Segment Revenue and S

Note 13 - Segment Revenue and Segment Operating Profit (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
JBT FoodTech [Member]
Segment revenue and intercompany eliminations		$ 177.8	$ 148	$ 480.9	$ 457
Segment operating profit		20.5	15.5	56.1	50.4
JBT AeroTech [Member]
Segment revenue and intercompany eliminations		95.8	95.6	272.8	232.4
Segment operating profit		9.5	10.3	26.2	17.9
Other Revenue And Intercompany Eliminations [Member]
Segment revenue and intercompany eliminations		(0.3)	(0.4)	(0.8)	(0.6)
Corporate Segment [Member]
Corporate expense (1)	[1]	$ (8.9)	(9.3)	$ (24.3)	(27.3)
Restructuring expense (2)	[2]		(1.3)		(12.5)
Operating income		$ 21.1	15.2	$ 58	28.5
Net interest expense		(1.5)	(1.7)	(5.3)	(4.5)
Segment revenue and intercompany eliminations		273.3	243.2	752.9	688.8
Segment operating profit		$ 30	25.8	$ 82.3	68.3
Restructuring expense (2)			(1.3)		(12.5)
Operating income		$ 21.1	15.2	$ 58	28.5
Net interest expense		(1.7)	(2)	(6)	(5.6)
Income from continuing operations before income taxes		$ 19.6	$ 13.5	$ 52.7	$ 24
[1]	Corporate expense generally includes corporate staff costs, stock-based compensation, pension and other postretirement benefit expenses not related to service, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic events not representative of segment operations.
[2]	Refer to Note 14.

Note 14 - Restructuring (Detail

Note 14 - Restructuring (Details Textual) $ in Millions	3 Months Ended
	Dec. 31, 2013USD ($)
Severance Plan Costs	$ 1.6

Note 14 - Restructuring Charges

Note 14 - Restructuring Charges for All Ongoing Activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Severance and related expense	$ (0.5)	$ 0.4	$ (0.5)	$ 9.8
Asset write-offs				0.5
Other	$ 0.5	$ 0.9	$ 0.5	2.2
Total		$ 1.3		$ 12.5

Note 14 - Restructuring Charg61

Note 14 - Restructuring Charges by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
JBT FoodTech [Member]
Restructuring charges	$ 0.1	$ 0.4	$ 0.1	$ 9.9
JBT AeroTech [Member]
Restructuring charges	$ (0.1)	0.3	$ (0.1)	1.4
Corporate Segment [Member]
Restructuring charges		0.6		1.2
Restructuring charges		$ 1.3		$ 12.5

Note 14 - Restructuring Reserve

Note 14 - Restructuring Reserves Included in Other Current Liabilities (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Employee Severance [Member] | Other Current Liabilities [Member]
Balance		$ 7.6
Balance	$ 3.6	3.6
Employee Severance [Member]
Charged to Earnings		(0.5)
Payments Made /Charges Applied		(3.4)
Foreign Exchange Translation		(0.1)
Other Restructuring [Member]
Charged to Earnings		0.5
Payments Made /Charges Applied		$ (0.5)
Foreign Exchange Translation
Other Current Liabilities [Member]
Balance		$ 7.6
Balance	$ 3.6	$ 3.6
Charged to Earnings
Payments Made /Charges Applied		$ (3.9)
Foreign Exchange Translation		$ (0.1)

Note 15 - Subsequent Event (Det

Note 15 - Subsequent Event (Details Textual) $ in Millions	Oct. 01, 2015USD ($)
A&B [Member] | Subsequent Event [Member]
Business Combination, Consideration Transferred	$ 102