Milacron (MZIAQ) 10-Q 3 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2018shares
Document And Entity Information [Abstract]
Entity Registrant Name	Milacron Holdings Corp.
Entity Central Index Key	1,637,913
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding	70,377,707

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 176.7	$ 187.9
Accounts receivable, net	187.6	186.3
Inventories, net:
Raw materials	90.9	90.2
Work-in-process	65.3	56
Finished products	128.6	121.7
Total inventories, net	284.8	267.9
Prepaid and other current assets	59.2	62.8
Total current assets	708.3	704.9
Property and equipment, net	263.6	260.8
Goodwill	548.7	535.1
Intangible assets, net	331	332.4
Other noncurrent assets	31.7	25.6
Total assets	1,883.3	1,858.8
Current liabilities:
Short-term borrowings	7.6	7.4
Long-term debt and capital lease obligations due within one year	0.1	9.4
Accounts payable	119.7	121.6
Advanced billings and deposits	71.4	62.8
Accrued salaries, wages and other compensation	24.3	29.7
Other current liabilities	77.3	75.7
Total current liabilities	300.4	306.6
Long-term debt and capital lease obligations	901.6	916.4
Deferred income tax liabilities	62.9	60.4
Accrued pension liabilities	31.9	30.9
Other noncurrent accrued liabilities	23.4	23.8
Total liabilities	1,320.2	1,338.1
Shareholders’ equity:
Preferred stock - $0.01 par value, 50,000,000 shares authorized, none outstanding	0	0
Common stock - $0.01 par value, 500,000,000 shares authorized; 70,377,707 and 69,644,918	0.7	0.7
Capital in excess of par value	681.4	675.9
Retained deficit	(64.6)	(70.5)
Accumulated other comprehensive loss	(54.4)	(85.4)
Total shareholders’ equity	563.1	520.7
Total liabilities and shareholders’ equity	$ 1,883.3	$ 1,858.8

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	70,377,707	69,644,918
Common stock, shares outstanding (in shares)	70,377,707	69,644,918

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Net sales	$ 310.4	$ 285.4
Cost of sales	206.5	191.6
Manufacturing margins	103.9	93.8
Operating expenses:
Selling, general and administrative expenses	66.1	64.3
Amortization expense	6.8	7
Loss (gain) on currency translation	0.2	(1.3)
Other expense, net	7.7	3.8
Total operating expenses	80.8	73.8
Operating earnings	23.1	20
Interest expense, net	10.7	12.4
Loss on debt extinguishment	0.3	25.2
Other non-operating expenses	0.3	0.3
Earnings (loss) before income taxes	11.8	(17.9)
Income tax expense	5.9	6.7
Net earnings (loss)	$ 5.9	$ (24.6)
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.09	$ (0.36)
Diluted (in dollars per share)	$ 0.08	$ (0.36)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 5.9	$ (24.6)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	26.6	18.8
Unrecognized post-retirement plan loss	0	(0.1)
Unrealized gain on hedging activities	4.4	0.1
Total other comprehensive income, net of tax	31	18.8
Comprehensive loss attributable to Milacron Holdings Corp.	$ 36.9	$ (5.8)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating activities
Net earnings (loss)	$ 5.9	$ (24.6)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	14.4	14.5
Unrealized loss (gain) on currency translation of intercompany advances	0.2	(1.9)
Amortization of deferred financing costs	0.7	0.7
Loss on debt extinguishment	0.3	25.2
Non-cash stock-based compensation expense	2.7	1.9
Deferred income taxes	1.1	0.8
Changes in assets and liabilities:
Accounts receivable	2.7	(2.6)
Inventories	(13.3)	(15.6)
Prepaid and other current assets	(3.3)	(2.6)
Accounts payable	(2.2)	5.4
Advanced billings and deposits	8	9.4
Other current liabilities	(9.8)	(21.1)
Other noncurrent assets	0.3	1.1
Other noncurrent accrued liabilities	(0.1)	0.7
Net cash provided by (used in) operating activities	7.6	(8.7)
Investing activities
Purchases of property and equipment	(7.3)	(12.7)
Proceeds from disposals of property and equipment	8	3.5
Net cash provided by (used in) investing activities	0.7	(9.2)
Financing activities
Proceeds from issuance of long-term debt (original maturities longer than 90 days)	0	983.5
Payments on long-term debt and capital lease obligations (original maturities longer than 90 days)	(25)	(985.3)
Net decrease in short-term borrowings (original maturities of 90 days or less)	(0.1)	(0.1)
Premium paid on debt redemption	0	(18)
Proceeds from exercise of stock options	2.8	1.9
Debt issuance costs	0	(9.4)
Net cash used in financing activities	(22.3)	(27.4)
Effect of exchange rate changes on cash	2.8	3
Decrease in cash and cash equivalents	(11.2)	(42.3)
Cash and cash equivalents at beginning of period	187.9	130.2
Cash and cash equivalents at end of period	$ 176.7	$ 87.9

Background and Basis of Present

Background and Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Background and Basis of Presentation Milacron Holdings Corp. (the "Company" or "Milacron") is a global leader in the manufacture, distribution, and service of highly engineered and customized systems used in the plastic technology and processing industry. The Company has a full-line product portfolio that includes hot runner systems, injection molding, blow molding and extrusion equipment and produces process control systems, mold bases and components and maintenance, repair and operating ("MRO") supplies for plastic processing equipment and fluid technology. The Company operates throughout the world and is headquartered in Cincinnati, Ohio. The accompanying unaudited Condensed Consolidated Financial Statements of the Company have been prepared in accordance with generally accepted accounting principles for interim financial information and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles ("U.S. GAAP") for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) have been made that are necessary for a fair presentation of the Condensed Consolidated Financial Statements for the interim periods. The interim period results are not necessarily indicative of the results to be expected for the full year. These interim Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and related notes for the fiscal year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K filed with the SEC on February 28, 2018. Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). ASU 2014-09, as further amended, affects virtually all aspects of an entity’s revenue recognition, including determining the measurement of revenue and the timing of when it is recognized for the transfer of goods or services to customers. ASU 2014-09 was effective for the Company beginning January 1, 2018. The guidance permits two methods of adoption - retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The new standard also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows from customer contracts. The Company has completed its detailed review of the new standard and adopted Topic 606 on January 1, 2018, using the modified retrospective method, which did not result in an adjustment to equity. The Company's sales transactions generally consist of a single performance obligation to transfer promised goods or services. In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs ("ASU 2017-07"). ASU 2017-07 requires the service component of pension and other postretirement benefit costs to be presented in the same line item as other employee compensation costs on the consolidated statements of operations; however, the other components of net benefit cost are required to be presented outside of operating income within the consolidated statements of operations. ASU 2017-07 is effective for fiscal years beginning after December 31, 2017 and the Company adopted the accounting standard update as of January 1, 2018. The other components of net benefit cost of $0.3 million and $0.3 million for the three months ended March 31, 2018 and 2017, respectively, are presented in a separate line outside of operations within the Condensed Consolidated Statements of Operations. The Company has retrospectively applied the change in accounting principle to all periods presented. The adoption of this standard update had no other effect on the Condensed Consolidated Financial Statements. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASU 2016-02"). ASU 2016-02 establishes a right-of-use ("ROU") model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be either classified as finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 also requires significant additional disclosures about the amount, timing and uncertainty of cash flows from leases. ASU 2016-02 is effective for the Company beginning January 1, 2019 with early adoption allowed and practical expedients to measure the effect of adoption also being allowed. The Company does not plan to early adopt ASU 2016-02 and is currently evaluating the effect that the adoption will have on the Company's Condensed Consolidated Financial Statements.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue	Revenue On January 1, 2018, the Company adopted ASU 2014-09 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASU 2014-09, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting. The Company applies the provisions of Accounting Standards Codification ("ASC") 606-10, Revenue from Contracts with Customers , and all related appropriate guidance. The Company recognizes revenue under the core principle to depict the transfer of control to the Company's customers in an amount reflecting the consideration the Company expects to be entitled. In order to achieve that core principle, the Company applies the following five step approach: (1) identify the contact with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when the performance obligation is satisfied. The Company considers customer purchase orders to be contracts with a customer. For each contract, the Company considers the promise to transfer products, each of which are distinct, to be the identified performance obligations. As the Company's standard payment terms are less than one year, the Company has elected the practical expedient under ASC 606-10-32-18 to not assess whether a contract has a significant financing component. The Company allocates the transaction price to each distinct product based on their relative standalone selling price. Revenue is recognized when control of the product is transferred to the customer (i.e., when the Company's performance obligation is satisfied), which typically occurs at shipment. The following table provides information about disaggregated revenue by primary geographical and end markets, and includes a reconciliation of the disaggregated revenue with reportable segments: Three Months Ended March 31, 2018 Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Total (in millions) Primary geographical markets: North America $ 93.8 $ 35.8 $ 12.8 $ 142.4 Europe 20.0 33.2 12.6 65.8 China 6.1 32.1 2.8 41.0 India 31.9 3.8 0.3 36.0 Other 10.1 11.6 3.5 25.2 Total $ 161.9 $ 116.5 $ 32.0 $ 310.4 End markets: Automotive $ 22.1 $ 21.7 $ 6.8 $ 50.6 Packaging 36.4 11.3 0.1 47.8 Consumer goods 16.1 19.3 1.4 36.8 Electronics 11.4 13.8 1.8 27.0 Medical 6.3 7.4 0.2 13.9 Construction 25.5 0.5 — 26.0 Custom molders 19.4 5.2 — 24.6 Industrial machinery and other 24.7 37.3 21.7 83.7 Total $ 161.9 $ 116.5 $ 32.0 $ 310.4 We receive payments from customers based upon contractual billing schedules. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract liabilities include payments received in advance of performance under the contract, and are realized with the associated revenue recognized under the contract. Significant changes in the contract liabilities balances during the three months ended March 31, 2018 are as follows: Three Months Ended March 31, 2018 (in millions) Balance at beginning of period $ 62.8 Additional advanced billings and deposits received 99.3 Revenue recognized (90.3 ) Foreign currency translation adjustments and other (0.4 ) Balance at end of period $ 71.4 Sales, value add, and other taxes collected concurrent with revenue-producing activities are excluded from revenue. Incidental items that are immaterial in the context of the contract are recognized as expense. The expected costs associated with our base warranties and field service actions are recognized as expense when the products are sold. We recognize revenue for service contracts that extend mechanical and maintenance beyond our base warranties overt the life of the contract. The Company generally expenses sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. As permitted by Topic 606, the Company does not disclose the value of unsatisfied performance obligations for (1) contracts with an original expected length of one year or less, and (2) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The following table summarizes the changes in the Company’s goodwill, by reportable segment, for the three months ended March 31, 2018 : Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Corporate Total (in millions) Balance at December 31, 2017 $ 35.6 $ 452.6 $ 46.9 $ — $ 535.1 Foreign currency translation adjustments — 13.6 — — 13.6 Balance at March 31, 2018 $ 35.6 $ 466.2 $ 46.9 $ — $ 548.7 There were no goodwill impairment charges during the three months ended March 31, 2018 and 2017 . Accumulated goodwill impairment was $1.4 million at March 31, 2018 and December 31, 2017 . The following table summarizes the Company’s other intangible assets at March 31, 2018 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 43.9 $ 23.6 $ 20.3 Technology 117.6 49.8 67.8 Customer relationships 237.6 138.8 98.8 Total intangible assets subject to amortization 399.1 212.2 186.9 Trademarks, not subject to amortization 144.1 — 144.1 Total $ 543.2 $ 212.2 $ 331.0 The following table summarizes the Company’s other intangible assets at December 31, 2017 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 43.3 $ 22.5 $ 20.8 Technology 119.7 48.1 71.6 Customer relationships 232.5 134.1 98.4 Total intangible assets subject to amortization 395.5 204.7 190.8 Trademarks, not subject to amortization 141.6 — 141.6 Total $ 537.1 $ 204.7 $ 332.4 Consolidated amortization expense related to intangible assets subject to amortization was $6.8 million and $7.0 million for the three months ended March 31, 2018 and 2017 , respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes An estimated annual effective tax rate is used to determine the quarterly provision for income taxes. The effective rate is based on various factors including expected annual income, statutory tax rates, tax planning opportunities in the various jurisdictions in which the Company operates, permanent items, valuation allowances against deferred tax assets and the ability to utilize tax credits and net operating loss carryforwards. Subsequent recognition, derecognition and measurement of tax positions are separately recognized in the quarter in which the underlying transaction or event occurs which causes variability in the effective tax rates from quarter to quarter. The effective rate for each period differs from the U.S. federal statutory income tax rate due to the mix of earnings by jurisdiction and the effect of transaction costs and business combination accounting adjustments that do not provide tax benefits. The valuation allowances also cause volatility in the effective rate as they reduce deferred tax assets in jurisdictions which lack sufficient positive evidence regarding the ability to utilize the assets and no tax benefit or expense is recognized for losses or income incurred in those jurisdictions. In accordance with ASC 740, the Company records interest and penalties associated with uncertain tax positions within income tax expense in the Company's Condensed Consolidated Statements of Operations. The Company does not have a material liability recorded for interest and penalties related to uncertain tax positions for any period presented. Tax Cuts and Jobs Act On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the "Tax Act") was signed into law and it institutes fundamental changes to the taxation of multinational corporations. The Tax Act reduces the corporate tax rate to 21%, repeals the alternative minimum tax, limits the interest deduction, enhances the expensing of capital investments, implements a dividend exemption system, eliminates the deferral of foreign earnings, provides a minimum tax on low-taxed foreign earnings and new measures to deter base erosion. As part of the transition to the new tax system, the Tax Act imposes a one-time transition tax on historical undistributed earnings of foreign affiliates through the year ended December 31, 2017. Milacron has applied the guidance in Staff Accounting Bulletin 118 when accounting for the enactment-date effects of the Tax Act. As of March 31, 2018, the Company has not completed its accounting for all effects of the Tax Act. During the three months ended March 31, 2018, the Company made no adjustments to the provisional amounts recorded as of December 31, 2017. The Company will continue to refine its calculations as additional analysis is completed and the Company’s estimates may also be impacted as the Company gains a more thorough understanding of the tax law. These changes could be material to income tax expense. As a result of the Tax Act, the Company projects U.S. taxable income for 2018. The projected taxable income has no impact on the effective tax rate as the expense of utilizing the U.S. net operating loss carryforwards is offset by the benefit of reversing the associated valuation allowances. Corporate Tax Rate Change - For the year ended December 31, 2017, the Company recorded an income tax benefit of $4.6 million due to the decrease in the corporate tax rate from 35% to 21%. The income tax benefit resulted from reducing net deferred tax liabilities to the new lower rate. There was no impact on the Consolidated Financial Statements as a result of revaluing the Company’s U.S. deferred tax assets as the income tax expense was offset by an income tax benefit for revaluing the associated valuation allowances. During the three months ended March 31, 2018, the Company made no adjustments to the provisional amounts recorded as of December 31, 2017 and the Company expects to be complete upon the filing of the Company's 2017 U.S. income tax return. Elimination of Alternative Minimum Tax ("AMT") - For the year ended December 31, 2017, the Company recorded an income tax benefit of $6.7 million due to the elimination of the AMT and the Company reversed valuation allowances recorded against its AMT credit carryovers. Under the Tax Act, the AMT credit carryovers will be refunded between 2019 and 2022. During the three months ended March 31, 2018, the Company made no adjustments to the provisional amounts recorded as of December 31, 2017 and the Company expects to be complete upon the filing of the Company's 2017 U.S. income tax return. Mandatory Transition Tax - For the year ended December 31, 2017, the Company recorded a provisional transition tax of $6.5 million . The Company expects to utilize existing U.S. net operating loss carryovers in lieu of paying the transition tax over the next eight years. The one-time transition tax is based on the Company’s total post-1986 earnings and profits (E&P) which the Company had deferred from U.S. income taxes under previous U.S. tax law. The Company will continue to refine its calculations but no adjustments to the provisional amounts recorded at December 31, 2017 were made during the three months ended March 31, 2018. Global Intangible Low-Taxed Income ("GILTI") - The GILTI provisions of the Tax Act also require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. The Company expects that it will have incremental U.S. taxable income as a result of the GILTI provisions beginning in 2018. The FASB states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred. Given the complexity of the GILTI provisions, the Company is still evaluating the effects of the GILTI provisions and has not yet determined its accounting policy. As of March 31, 2018, the Company computed an estimate of GILTI income for 2018; however, the estimate did not impact the Company’s effective tax rate as discussed above. Interest Limitation - The Tax Act limits net interest expense to 30% of adjusted taxable income. At March 31, 2018, the Company expects its interest expense deduction to be limited; however, the limitation does not impact the Company’s expected effective tax rate.

Debt

Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt	Debt Debt for the Company consists of the following: March 31, 2018 December 31, 2017 Principal Unamortized Discount and Debt Issuance Costs Net Principal Unamortized Discount and Debt Issuance Costs Net (in millions) Senior secured term loan facility due September 2023 $ 912.5 $ 11.0 $ 901.5 $ 937.5 $ 11.9 $ 925.6 Borrowings under other lines of credit 7.6 — 7.6 7.4 — 7.4 Capital lease obligations and other 0.2 — 0.2 0.2 — 0.2 920.3 11.0 909.3 945.1 11.9 933.2 Less current portion (7.7 ) — (7.7 ) (16.9 ) (0.1 ) (16.8 ) $ 912.6 $ 11.0 $ 901.6 $ 928.2 $ 11.8 $ 916.4 On February 28, 2018, the Company made a voluntary $25.0 million principal payment on the senior secured term loan facility due September 2023 ("2017 Term Loan Facility").

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company sponsors three noncontributory defined benefit pension plans for certain non-U.S. employees and retirees. One plan covers certain employees in the United Kingdom and the other two plans cover certain employees in Germany. The service cost was $0.1 million and $0.1 million for the three months ended March 31, 2018 and 2017 , respectively, and is included in cost of sales and selling, general and administrative expenses in the Company's Condensed Consolidated Statements of Operations. The other components of net periodic pension costs totaled $0.3 million and $0.3 million for the three months ended March 31, 2018 and 2017 , respectively, and are included in other non-operating expenses in the Company's Condensed Consolidated Statements of Operations.

Net Loss Per Share and Sharehol

Net Loss Per Share and Shareholders' Equity	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Net Loss Per Share and Shareholders' Equity	Net Earnings (Loss) Per Share The following is a reconciliation of the numerator and denominator of the basic and diluted net earnings (loss) per share ("EPS") computations: Three Months Ended March 31, 2018 2017 (in millions, except common share and per common share amounts) Numerator: Net earnings (loss) $ 5.9 $ (24.6 ) Denominator: Denominator for basic EPS–weighted-average common shares 69,215,457 68,260,015 Dilutive effect of stock-based compensation arrangements 2,307,869 — Denominator for diluted EPS–adjusted weighted-average common shares 71,523,326 68,260,015 Basic EPS $ 0.09 $ (0.36 ) Diluted EPS $ 0.08 $ (0.36 ) The diluted EPS calculation for the three months ended March 31, 2018 excludes the effect of 0.9 million outstanding stock options as their effect is anti-dilutive. The diluted EPS calculation for the three months ended March 31, 2017 excludes the effect of 0.7 million shares of restricted stock, 0.2 million restricted stock units and 5.3 million outstanding stock options as their effect is anti-dilutive. Holders of non-vested stock-based compensation awards do not have voting rights or rights to receive nonforfeitable dividends on the shares covered by the awards.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation On March 1, 2018, the Company granted 0.1 million performance stock units, 0.3 million restricted stock awards and 0.2 million restricted stock units under the 2015 Equity Incentive Plan. The performance stock units contain a three -year performance period with a performance target based on return on invested capital and possible payouts ranging from 50% to 200% of the target awards. The restricted stock awards and restricted stock units vest in equal annual increments over three years .

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments In the normal course of business, including the purchasing of materials and selling of products, the Company is exposed to certain risks related to fluctuations in foreign currency exchange rates. The Company uses foreign currency forward contracts to manage risks from these market fluctuations. The Company is also exposed to certain risks related to fluctuations in interest rates and uses interest rate swaps to manage risk from these market fluctuations. The counterparties to these financial instruments are financial institutions with strong credit ratings. The Company maintains control over the size of positions entered into with any one counterparty and monitors the credit ratings of these institutions. Foreign Currency Forward Contracts The Company currently hedges its risk relative to fluctuations in the Canadian dollar, Euro and Japanese yen for forecasted cash outflows denominated in these currencies. The Company had foreign currency forward contracts denominated in these currencies outstanding with notional amounts totaling $20.1 million at March 31, 2018 and $0.3 million at December 31, 2017 . As of March 31, 2018 , all of the Company’s outstanding instruments mature within the next nine months . The Company’s derivative instruments discussed above are designated as cash flow hedges and the fair value of these derivative instruments was $0.2 million at March 31, 2018 and are included in other current liabilities in the Company's Condensed Consolidated Balance Sheets and insignificant at December 31, 2017 . The Company also enters into derivative instruments (forwards) to economically hedge the impact of fluctuations in the Indian rupee. During the three months ended March 31, 2017, the Company recognized a gain of $0.1 million related to the changes in fair value of these derivative instruments not designated as hedges. These gains and losses are recognized immediately within the Company's Condensed Consolidated Statements of Operations and are classified within loss (gain) on currency translation. The fair value of these derivative instruments not designated as hedges at March 31, 2018 was insignificant. Interest Rate Swap Agreements The Company is exposed to changes in interest rates on its variable rate debt. In order to manage this risk, on February 16, 2017, Milacron LLC, a wholly-owned subsidiary of the Company, entered into two interest rate swap transactions effective for a four-year period beginning January 31, 2018 with a total notional amount of $400.0 million . The interest rate swaps are intended to manage the Company's interest rate risk by fixing the interest rate on a portion of the Company's debt outstanding under the 2017 Term Loan Facility that was previously subject to a floating interest rate equal to 1-month LIBOR plus a credit spread. The swaps provide for the Company to pay a fixed rate of 2.062% per annum on such portion of the outstanding debt in exchange for receiving a variable interest rate based on 1-month LIBOR. The effect is a synthetically fixed rate of 2.062% plus the loan spread for the term and debt hedged. The Company designated these interest rate swaps as cash flow hedges of floating rate borrowings and expects the hedge to be highly effective in offsetting fluctuations in the designated interest payments resulting from changes in the benchmark interest rate. The gains and losses on the designated interest rate swaps will offset losses and gains on the transactions being hedged. The fair value of the interest rate swaps is calculated by taking into consideration current interest rates and the current creditworthiness of the counterparties or the Company, as applicable. The effective portion of changes in the fair value of the interest rate swaps is reflected as a component of accumulated other comprehensive income (loss) and recognized as interest expense, net as payments are paid or accrued. The remaining gain or loss in excess of the cumulative change in the present value of the future cash flows of the hedge item, if any (i.e. the ineffective portion), is recognized as interest expense, net during the current period. During the three months ended March 31, 2018 and 2017, the Company recorded $0.1 million of hedge ineffectiveness in earnings. The following table provides the effect of the Company’s foreign currency forward contracts and interest rate swaps designated as cash flow hedges on the Company’s Condensed Consolidated Financial Statements for three months ended March 31, 2018 and 2017 : Type of instrument: Gain (Loss) Recognized in OCI on Derivative (Effective Portion) Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (in millions) Three Months Ended March 31, 2018 Foreign exchange contracts $ (0.2 ) $ — Interest rate swaps $ 5.8 $ — Three Months Ended March 31, 2017 Foreign exchange contracts $ 0.1 $ — All gains (losses) that are reclassified from accumulated other comprehensive income (loss) into income (effective portion) are classified in loss (gain) on currency translation or cost of sales within the Company's Condensed Consolidated Statements of Operations. The gain (loss) recognized related to the ineffective portion of the foreign exchange contracts was immaterial for all periods presented. Fair Value Measurements The Company estimates the fair value of its financial instruments utilizing an established three-level hierarchy. The hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date as follows: • Level 1–Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets. • Level 2–Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial statements. • Level 3–Valuation is based upon other unobservable inputs that are significant to the fair value measurements. The classification of fair value measurements within the established three-level hierarchy is based upon the lowest level of input that is significant to that measurement. The fair values of the Company’s derivative instruments were measured using valuations based upon quoted prices for similar assets and liabilities in active markets (Level 2) and are valued by reference to similar financial instruments, adjusted for terms specific to the contracts. There were no transfers between the three levels of the fair value hierarchy during any period presented. The derivative assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 and December 31, 2017 were as follows: Balance Sheet Location Total Level 1 Level 2 Level 3 (in millions) March 31, 2018 Foreign currency forward contracts (liability position) Other current liabilities $ 0.2 $ — $ 0.2 $ — Interest rate swap agreements (asset position) Prepaid and other current assets $ 0.3 $ — $ 0.3 $ — Interest rate swap agreements (asset position) Other noncurrent assets $ 6.1 $ — $ 6.1 $ — December 31, 2017 Interest rate swap agreements (asset position) Other noncurrent assets $ 1.7 $ — $ 1.7 $ — Interest rate swap agreements (liability position) Other current liabilities $ 1.0 $ — $ 1.0 $ —

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss): Foreign Currency Translation Unrecognized Post- Retirement Plan Losses Derivative Financial Instruments Total (in millions) Balance at December 31, 2016 $ (150.0 ) $ (7.3 ) $ (0.6 ) $ (157.9 ) Other comprehensive income (loss) before reclassifications 18.8 (0.3 ) 0.1 18.6 Amounts reclassified from accumulated other comprehensive income (loss) — 0.2 — 0.2 Other comprehensive income (loss) 18.8 (0.1 ) 0.1 18.8 Balance at March 31, 2017 $ (131.2 ) $ (7.4 ) $ (0.5 ) $ (139.1 ) Balance at December 31, 2017 $ (78.3 ) $ (7.2 ) $ 0.1 $ (85.4 ) Other comprehensive income (loss) before reclassifications 26.6 (0.1 ) 4.4 30.9 Amounts reclassified from accumulated other comprehensive income (loss) — 0.1 — 0.1 Other comprehensive income 26.6 — 4.4 31.0 Balance at March 31, 2018 $ (51.7 ) $ (7.2 ) $ 4.5 $ (54.4 ) The following table summarizes the reclassifications out of accumulated other comprehensive income (loss) during the three months ended March 31, 2018 and 2017 : Classification Three Months Ended March 31, of Expense 2018 2017 (in millions) Unrealized pension and post-retirement obligations: Adjustment of pension and post-retirement obligations (a) $ (0.1 ) $ (0.2 ) Tax benefit (b) — — Adjustment of pension and post-retirement obligations, net of tax $ (0.1 ) $ (0.2 ) (a) Amount is included in the calculation of pension cost within other non-operating expenses in the Company's Condensed Consolidated Statements of Operations. (b) These amounts are included in income tax expense in the Company's Condensed Consolidated Statements of Operations.

Warranty Reserves

Warranty Reserves	3 Months Ended
	Mar. 31, 2018
Product Warranties Disclosures [Abstract]
Warranty Reserves	Warranty Reserves A reserve for estimated warranty costs is recorded at the time of sale of machinery and parts and is periodically adjusted to reflect actual experience. The following table summarizes changes in the Company’s warranty reserves for the periods indicated. Accrued warranty reserves are included in other current liabilities in the Company's Condensed Consolidated Balance Sheets: Three Months Ended March 31, 2018 2017 (in millions) Balance at beginning of period $ 9.9 $ 8.7 Warranty expense 4.1 4.0 Warranty claims paid (4.0 ) (4.9 ) Foreign currency translation adjustments 0.1 0.2 Balance at end of period $ 10.1 $ 8.0

Restructuring Reserves

Restructuring Reserves	3 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring Reserves	Restructuring Reserves 2017 Actions In the second quarter of 2017, the Company recorded severance expense related to the elimination of certain positions within the Company's Advanced Plastic Processing Technologies and Corporate segments. These amounts are expected to be substantially paid in cash by the fourth quarter of 2018. The total remaining liability under these severance-related actions was $0.5 million and $1.2 million as of March 31, 2018 and December 31, 2017 , respectively, and is included in other current liabilities in the Company's Condensed Consolidated Balance Sheets. 2016 Actions On September 30, 2016, the Company's wholly-owned subsidiary Ferromatik Milacron GmbH entered into an agreement with its local works council setting forth a restructuring plan related to its manufacturing facility in Malterdingen, Germany whereby certain operational functions will be shifted to the Company's operations in the Czech Republic, United States and India. During the three months ended March 31, 2018, the Company identified additional employees to be included within the Company's existing restructuring plan. As a result of these additions, as well as the impact of movements in foreign currency, the Company expects to incur total severance and other related costs of approximately $28.0 million to $29.0 million . During the three months ended March 31, 2018 and 2017 , the Company recorded severance expense of $6.4 million and $2.6 million , respectively, related to this restructuring plan which is included within other expense, net in the Company's Condensed Consolidated Statements of Operations. Substantially all of these costs will result in future cash expenditures and are expected to be substantially complete by the end of the first quarter of 2019. As the employees are required to render service in order to receive the termination benefits, the associated liability and expense are being recognized ratably over the future service period. The total remaining liability related to this plan was $12.3 million and $11.1 million as of March 31, 2018 and December 31, 2017 , respectively, and is included in other current liabilities in the Company's Condensed Consolidated Balance Sheets.

Sale-Leaseback Transaction

Sale-Leaseback Transaction	3 Months Ended
	Mar. 31, 2018
Leases [Abstract]
Sale-Leaseback Transaction	Sale-Leaseback Transaction In December 2017, the Company completed the sale of certain manufacturing equipment in the Company's Advanced Plastic Processing Equipment segment. The Company received proceeds of $8.0 million in January 2018 from the sale and recorded a loss of $0.4 million during the year ended December 31, 2017. In connection to the sale, the Company simultaneously entered into an agreement to lease back the equipment for a period of six years with a total of approximately $8.0 million to be paid over the term of the lease in accordance with the rent schedule included in the lease agreement. The lease has been classified as an operating lease and the Company has an option to purchase the equipment at the future fair value upon expiration of the lease.

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Company’s operations are principally managed based upon the products that are produced and are comprised of three operating segments, which are the same as the Company’s reportable segments: Advanced Plastic Processing Technologies, Melt Delivery and Control Systems, and Fluid Technologies. The factors for determining the Company’s reportable segments include the manner in which management evaluates performance combined with the nature of the individual business activities. The Company evaluates the performance of its segments based on net sales and operating earnings. Operating earnings includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segments. Operating earnings for each segment excludes items that are of a non-operating nature or are of a corporate or functional governance nature. Costs excluded from segment operating earnings include interest expense, income taxes and various corporate expenses such as transaction costs associated with the acquisition of certain businesses, stock-based compensation expense and other separately managed general and administrative costs. The effects of intersegment transactions have been eliminated. The following table summarizes total assets by segment: March 31, 2018 December 31, (in millions) Advanced Plastic Processing Technologies $ 534.1 $ 524.8 Melt Delivery and Control Systems 1,138.8 1,104.5 Fluid Technologies 151.1 149.0 Corporate 59.3 80.5 Total assets $ 1,883.3 $ 1,858.8 The following table summarizes long-lived assets, net by segment: March 31, 2018 December 31, (in millions) Advanced Plastic Processing Technologies $ 124.8 $ 123.5 Melt Delivery and Control Systems 114.5 113.3 Fluid Technologies 17.9 17.8 Corporate 6.4 6.2 Total long-lived assets, net $ 263.6 $ 260.8 The following tables summarize segment information: Three Months Ended March 31, 2018 2017 (in millions) Net sales to external customers: Advanced Plastic Processing Technologies $ 161.9 $ 156.6 Melt Delivery and Control Systems 116.5 99.8 Fluid Technologies 32.0 29.0 Total net sales to external customers $ 310.4 $ 285.4 Three Months Ended March 31, 2018 2017 (in millions) Operating earnings (loss): Advanced Plastic Processing Technologies $ 2.6 $ 2.4 Melt Delivery and Control Systems 26.7 25.5 Fluid Technologies 6.0 4.6 Corporate (12.2 ) (12.5 ) Total operating earnings $ 23.1 $ 20.0 Capital expenditures: Advanced Plastic Processing Technologies $ 2.3 $ 5.9 Melt Delivery and Control Systems 4.1 6.6 Fluid Technologies 0.6 0.1 Corporate 0.3 0.1 Total capital expenditures $ 7.3 $ 12.7 Depreciation and amortization: Advanced Plastic Processing Technologies $ 4.5 $ 4.8 Melt Delivery and Control Systems 8.5 8.2 Fluid Technologies 1.1 1.2 Corporate 0.3 0.3 Total depreciation and amortization $ 14.4 $ 14.5 The following tables summarize net sales to external customers and long-lived assets, net by geographic region: Three Months Ended March 31, 2018 2017 (in millions) Net sales to external customers: United States $ 121.1 $ 127.2 China 41.0 27.2 India 36.0 27.6 Rest of World 112.3 103.4 Total net sales to external customers $ 310.4 $ 285.4 March 31, 2018 December 31, 2017 (in millions) Long-lived assets, net: United States $ 66.5 $ 67.9 China 50.6 48.1 India 30.9 27.5 Czech Republic 47.2 48.2 Canada 30.0 31.0 Rest of World 38.4 38.1 Total long-lived assets, net $ 263.6 $ 260.8

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 30, 2018, the Company made a voluntary $25.0 million principal payment on the 2017 Term Loan Facility.

Background and Basis of Prese22

Background and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited Condensed Consolidated Financial Statements of the Company have been prepared in accordance with generally accepted accounting principles for interim financial information and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles ("U.S. GAAP") for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) have been made that are necessary for a fair presentation of the Condensed Consolidated Financial Statements for the interim periods. The interim period results are not necessarily indicative of the results to be expected for the full year. These interim Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and related notes for the fiscal year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K filed with the SEC on February 28, 2018.
Recently Issued Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). ASU 2014-09, as further amended, affects virtually all aspects of an entity’s revenue recognition, including determining the measurement of revenue and the timing of when it is recognized for the transfer of goods or services to customers. ASU 2014-09 was effective for the Company beginning January 1, 2018. The guidance permits two methods of adoption - retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The new standard also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows from customer contracts. The Company has completed its detailed review of the new standard and adopted Topic 606 on January 1, 2018, using the modified retrospective method, which did not result in an adjustment to equity. The Company's sales transactions generally consist of a single performance obligation to transfer promised goods or services. In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs ("ASU 2017-07"). ASU 2017-07 requires the service component of pension and other postretirement benefit costs to be presented in the same line item as other employee compensation costs on the consolidated statements of operations; however, the other components of net benefit cost are required to be presented outside of operating income within the consolidated statements of operations. ASU 2017-07 is effective for fiscal years beginning after December 31, 2017 and the Company adopted the accounting standard update as of January 1, 2018. The other components of net benefit cost of $0.3 million and $0.3 million for the three months ended March 31, 2018 and 2017, respectively, are presented in a separate line outside of operations within the Condensed Consolidated Statements of Operations. The Company has retrospectively applied the change in accounting principle to all periods presented. The adoption of this standard update had no other effect on the Condensed Consolidated Financial Statements. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASU 2016-02"). ASU 2016-02 establishes a right-of-use ("ROU") model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be either classified as finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 also requires significant additional disclosures about the amount, timing and uncertainty of cash flows from leases. ASU 2016-02 is effective for the Company beginning January 1, 2019 with early adoption allowed and practical expedients to measure the effect of adoption also being allowed. The Company does not plan to early adopt ASU 2016-02 and is currently evaluating the effect that the adoption will have on the Company's Condensed Consolidated Financial Statements.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table provides information about disaggregated revenue by primary geographical and end markets, and includes a reconciliation of the disaggregated revenue with reportable segments: Three Months Ended March 31, 2018 Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Total (in millions) Primary geographical markets: North America $ 93.8 $ 35.8 $ 12.8 $ 142.4 Europe 20.0 33.2 12.6 65.8 China 6.1 32.1 2.8 41.0 India 31.9 3.8 0.3 36.0 Other 10.1 11.6 3.5 25.2 Total $ 161.9 $ 116.5 $ 32.0 $ 310.4 End markets: Automotive $ 22.1 $ 21.7 $ 6.8 $ 50.6 Packaging 36.4 11.3 0.1 47.8 Consumer goods 16.1 19.3 1.4 36.8 Electronics 11.4 13.8 1.8 27.0 Medical 6.3 7.4 0.2 13.9 Construction 25.5 0.5 — 26.0 Custom molders 19.4 5.2 — 24.6 Industrial machinery and other 24.7 37.3 21.7 83.7 Total $ 161.9 $ 116.5 $ 32.0 $ 310.4
Contract with Customer, Liability	Significant changes in the contract liabilities balances during the three months ended March 31, 2018 are as follows: Three Months Ended March 31, 2018 (in millions) Balance at beginning of period $ 62.8 Additional advanced billings and deposits received 99.3 Revenue recognized (90.3 ) Foreign currency translation adjustments and other (0.4 ) Balance at end of period $ 71.4

Goodwill and Other Intangible24

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, by Reportable Segment	The following table summarizes the changes in the Company’s goodwill, by reportable segment, for the three months ended March 31, 2018 : Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Corporate Total (in millions) Balance at December 31, 2017 $ 35.6 $ 452.6 $ 46.9 $ — $ 535.1 Foreign currency translation adjustments — 13.6 — — 13.6 Balance at March 31, 2018 $ 35.6 $ 466.2 $ 46.9 $ — $ 548.7
Schedule of Finite-Lived Intangible Assets	The following table summarizes the Company’s other intangible assets at March 31, 2018 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 43.9 $ 23.6 $ 20.3 Technology 117.6 49.8 67.8 Customer relationships 237.6 138.8 98.8 Total intangible assets subject to amortization 399.1 212.2 186.9 Trademarks, not subject to amortization 144.1 — 144.1 Total $ 543.2 $ 212.2 $ 331.0 The following table summarizes the Company’s other intangible assets at March 31, 2018 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 43.9 $ 23.6 $ 20.3 Technology 117.6 49.8 67.8 Customer relationships 237.6 138.8 98.8 Total intangible assets subject to amortization 399.1 212.2 186.9 Trademarks, not subject to amortization 144.1 — 144.1 Total $ 543.2 $ 212.2 $ 331.0 The following table summarizes the Company’s other intangible assets at December 31, 2017 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 43.3 $ 22.5 $ 20.8 Technology 119.7 48.1 71.6 Customer relationships 232.5 134.1 98.4 Total intangible assets subject to amortization 395.5 204.7 190.8 Trademarks, not subject to amortization 141.6 — 141.6 Total $ 537.1 $ 204.7 $ 332.4
Intangible Assets, Not Subject to Amortization	The following table summarizes the Company’s other intangible assets at March 31, 2018 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 43.9 $ 23.6 $ 20.3 Technology 117.6 49.8 67.8 Customer relationships 237.6 138.8 98.8 Total intangible assets subject to amortization 399.1 212.2 186.9 Trademarks, not subject to amortization 144.1 — 144.1 Total $ 543.2 $ 212.2 $ 331.0 The following table summarizes the Company’s other intangible assets at December 31, 2017 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 43.3 $ 22.5 $ 20.8 Technology 119.7 48.1 71.6 Customer relationships 232.5 134.1 98.4 Total intangible assets subject to amortization 395.5 204.7 190.8 Trademarks, not subject to amortization 141.6 — 141.6 Total $ 537.1 $ 204.7 $ 332.4 The following table summarizes the Company’s other intangible assets at March 31, 2018 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 43.9 $ 23.6 $ 20.3 Technology 117.6 49.8 67.8 Customer relationships 237.6 138.8 98.8 Total intangible assets subject to amortization 399.1 212.2 186.9 Trademarks, not subject to amortization 144.1 — 144.1 Total $ 543.2 $ 212.2 $ 331.0

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Debt	Debt for the Company consists of the following: March 31, 2018 December 31, 2017 Principal Unamortized Discount and Debt Issuance Costs Net Principal Unamortized Discount and Debt Issuance Costs Net (in millions) Senior secured term loan facility due September 2023 $ 912.5 $ 11.0 $ 901.5 $ 937.5 $ 11.9 $ 925.6 Borrowings under other lines of credit 7.6 — 7.6 7.4 — 7.4 Capital lease obligations and other 0.2 — 0.2 0.2 — 0.2 920.3 11.0 909.3 945.1 11.9 933.2 Less current portion (7.7 ) — (7.7 ) (16.9 ) (0.1 ) (16.8 ) $ 912.6 $ 11.0 $ 901.6 $ 928.2 $ 11.8 $ 916.4

Net Loss Per Share and Shareh26

Net Loss Per Share and Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator of the Basic and Diluted Net Loss Per Share	The following is a reconciliation of the numerator and denominator of the basic and diluted net earnings (loss) per share ("EPS") computations: Three Months Ended March 31, 2018 2017 (in millions, except common share and per common share amounts) Numerator: Net earnings (loss) $ 5.9 $ (24.6 ) Denominator: Denominator for basic EPS–weighted-average common shares 69,215,457 68,260,015 Dilutive effect of stock-based compensation arrangements 2,307,869 — Denominator for diluted EPS–adjusted weighted-average common shares 71,523,326 68,260,015 Basic EPS $ 0.09 $ (0.36 ) Diluted EPS $ 0.08 $ (0.36 )

Derivative Financial Instrume27

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Effect of Designated Cash Flow Hedges on the Financial Statements	The following table provides the effect of the Company’s foreign currency forward contracts and interest rate swaps designated as cash flow hedges on the Company’s Condensed Consolidated Financial Statements for three months ended March 31, 2018 and 2017 : Type of instrument: Gain (Loss) Recognized in OCI on Derivative (Effective Portion) Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (in millions) Three Months Ended March 31, 2018 Foreign exchange contracts $ (0.2 ) $ — Interest rate swaps $ 5.8 $ — Three Months Ended March 31, 2017 Foreign exchange contracts $ 0.1 $ —
Derivative Assets and Liabilities Measured at Fair Value	The derivative assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 and December 31, 2017 were as follows: Balance Sheet Location Total Level 1 Level 2 Level 3 (in millions) March 31, 2018 Foreign currency forward contracts (liability position) Other current liabilities $ 0.2 $ — $ 0.2 $ — Interest rate swap agreements (asset position) Prepaid and other current assets $ 0.3 $ — $ 0.3 $ — Interest rate swap agreements (asset position) Other noncurrent assets $ 6.1 $ — $ 6.1 $ — December 31, 2017 Interest rate swap agreements (asset position) Other noncurrent assets $ 1.7 $ — $ 1.7 $ — Interest rate swap agreements (liability position) Other current liabilities $ 1.0 $ — $ 1.0 $ —

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Changes in Each Component of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss): Foreign Currency Translation Unrecognized Post- Retirement Plan Losses Derivative Financial Instruments Total (in millions) Balance at December 31, 2016 $ (150.0 ) $ (7.3 ) $ (0.6 ) $ (157.9 ) Other comprehensive income (loss) before reclassifications 18.8 (0.3 ) 0.1 18.6 Amounts reclassified from accumulated other comprehensive income (loss) — 0.2 — 0.2 Other comprehensive income (loss) 18.8 (0.1 ) 0.1 18.8 Balance at March 31, 2017 $ (131.2 ) $ (7.4 ) $ (0.5 ) $ (139.1 ) Balance at December 31, 2017 $ (78.3 ) $ (7.2 ) $ 0.1 $ (85.4 ) Other comprehensive income (loss) before reclassifications 26.6 (0.1 ) 4.4 30.9 Amounts reclassified from accumulated other comprehensive income (loss) — 0.1 — 0.1 Other comprehensive income 26.6 — 4.4 31.0 Balance at March 31, 2018 $ (51.7 ) $ (7.2 ) $ 4.5 $ (54.4 )
Reclassifications out of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the reclassifications out of accumulated other comprehensive income (loss) during the three months ended March 31, 2018 and 2017 : Classification Three Months Ended March 31, of Expense 2018 2017 (in millions) Unrealized pension and post-retirement obligations: Adjustment of pension and post-retirement obligations (a) $ (0.1 ) $ (0.2 ) Tax benefit (b) — — Adjustment of pension and post-retirement obligations, net of tax $ (0.1 ) $ (0.2 ) (a) Amount is included in the calculation of pension cost within other non-operating expenses in the Company's Condensed Consolidated Statements of Operations. (b) These amounts are included in income tax expense in the Company's Condensed Consolidated Statements of Operations.

Warranty Reserves (Tables)

Warranty Reserves (Tables)	3 Months Ended
	Mar. 31, 2018
Product Warranties Disclosures [Abstract]
Changes in the Company's Warranty Reserves	The following table summarizes changes in the Company’s warranty reserves for the periods indicated. Accrued warranty reserves are included in other current liabilities in the Company's Condensed Consolidated Balance Sheets: Three Months Ended March 31, 2018 2017 (in millions) Balance at beginning of period $ 9.9 $ 8.7 Warranty expense 4.1 4.0 Warranty claims paid (4.0 ) (4.9 ) Foreign currency translation adjustments 0.1 0.2 Balance at end of period $ 10.1 $ 8.0

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Business Segment Information	The following table summarizes total assets by segment: March 31, 2018 December 31, (in millions) Advanced Plastic Processing Technologies $ 534.1 $ 524.8 Melt Delivery and Control Systems 1,138.8 1,104.5 Fluid Technologies 151.1 149.0 Corporate 59.3 80.5 Total assets $ 1,883.3 $ 1,858.8 The following table summarizes long-lived assets, net by segment: March 31, 2018 December 31, (in millions) Advanced Plastic Processing Technologies $ 124.8 $ 123.5 Melt Delivery and Control Systems 114.5 113.3 Fluid Technologies 17.9 17.8 Corporate 6.4 6.2 Total long-lived assets, net $ 263.6 $ 260.8 The following tables summarize segment information: Three Months Ended March 31, 2018 2017 (in millions) Net sales to external customers: Advanced Plastic Processing Technologies $ 161.9 $ 156.6 Melt Delivery and Control Systems 116.5 99.8 Fluid Technologies 32.0 29.0 Total net sales to external customers $ 310.4 $ 285.4 Three Months Ended March 31, 2018 2017 (in millions) Operating earnings (loss): Advanced Plastic Processing Technologies $ 2.6 $ 2.4 Melt Delivery and Control Systems 26.7 25.5 Fluid Technologies 6.0 4.6 Corporate (12.2 ) (12.5 ) Total operating earnings $ 23.1 $ 20.0 Capital expenditures: Advanced Plastic Processing Technologies $ 2.3 $ 5.9 Melt Delivery and Control Systems 4.1 6.6 Fluid Technologies 0.6 0.1 Corporate 0.3 0.1 Total capital expenditures $ 7.3 $ 12.7 Depreciation and amortization: Advanced Plastic Processing Technologies $ 4.5 $ 4.8 Melt Delivery and Control Systems 8.5 8.2 Fluid Technologies 1.1 1.2 Corporate 0.3 0.3 Total depreciation and amortization $ 14.4 $ 14.5
Net Sales to External Customers, by Geographic Region	Three Months Ended March 31, 2018 2017 (in millions) Net sales to external customers: United States $ 121.1 $ 127.2 China 41.0 27.2 India 36.0 27.6 Rest of World 112.3 103.4 Total net sales to external customers $ 310.4 $ 285.4
Long-lived Assets, by Geographic Region	March 31, 2018 December 31, 2017 (in millions) Long-lived assets, net: United States $ 66.5 $ 67.9 China 50.6 48.1 India 30.9 27.5 Czech Republic 47.2 48.2 Canada 30.0 31.0 Rest of World 38.4 38.1 Total long-lived assets, net $ 263.6 $ 260.8

Background and Basis of Prese31

Background and Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Pension Plan [Member] | Other Nonoperating Income (Expense) [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net periodic pension expense	$ 0.3	$ 0.3

Revenue - Schedule of disaggreg

Revenue - Schedule of disaggregated revenue (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	$ 310.4
Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	161.9
Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	116.5
Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	32
North America
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	142.4
North America | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	93.8
North America | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	35.8
North America | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	12.8
Europe
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	65.8
Europe | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	20
Europe | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	33.2
Europe | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	12.6
China
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	41
China | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	6.1
China | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	32.1
China | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	2.8
India
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	36
India | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	31.9
India | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	3.8
India | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	0.3
Other
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	25.2
Other | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	10.1
Other | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	11.6
Other | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	3.5
Automotive
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	50.6
Automotive | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	22.1
Automotive | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	21.7
Automotive | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	6.8
Packaging
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	47.8
Packaging | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	36.4
Packaging | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	11.3
Packaging | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	0.1
Consumer goods
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	36.8
Consumer goods | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	16.1
Consumer goods | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	19.3
Consumer goods | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	1.4
Electronics
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	27
Electronics | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	11.4
Electronics | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	13.8
Electronics | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	1.8
Medical
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	13.9
Medical | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	6.3
Medical | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	7.4
Medical | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	0.2
Construction
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	26
Construction | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	25.5
Construction | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	0.5
Construction | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	0
Custom molders
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	24.6
Custom molders | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	19.4
Custom molders | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	5.2
Custom molders | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	0
Industrial machinery and other
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	83.7
Industrial machinery and other | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	24.7
Industrial machinery and other | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	37.3
Industrial machinery and other | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net Sales	$ 21.7

Revenue - Schedule of contract

Revenue - Schedule of contract liabilities (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Balance at beginning of period	$ 62.8
Additional advanced billings and deposits received	99.3
Revenue recognized	(90.3)
Foreign currency translation adjustments and other	(0.4)
Balance at end of period	$ 71.4

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets - Goodwill, by Reportable Segment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Goodwill [Line Items]
Goodwill impairment	$ 0	$ 0
Accumulated goodwill impairment	1,400,000		$ 1,400,000
Goodwill [Roll Forward]
Balance	535,100,000
Foreign currency translation adjustments	13,600,000
Balance	548,700,000
Corporate [Member]
Goodwill [Roll Forward]
Balance	0
Foreign currency translation adjustments	0
Balance	0
Advanced Plastic Processing Technologies | Segments [Member]
Goodwill [Roll Forward]
Balance	35,600,000
Foreign currency translation adjustments	0
Balance	35,600,000
Melt Delivery and Control Systems | Segments [Member]
Goodwill [Roll Forward]
Balance	452,600,000
Foreign currency translation adjustments	13,600,000
Balance	466,200,000
Fluid Technologies | Segments [Member]
Goodwill [Roll Forward]
Balance	46,900,000
Foreign currency translation adjustments	0
Balance	$ 46,900,000

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 399.1		$ 395.5
Accumulated Amortization	212.2		204.7
Net Amount	186.9		190.8
Indefinite-lived Intangible Assets [Line Items]
Gross Amount	543.2		537.1
Accumulated Amortization	212.2		204.7
Net Amount	331		332.4
Amortization of intangible assets	6.8	$ 7
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	43.9		43.3
Accumulated Amortization	23.6		22.5
Net Amount	20.3		20.8
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	23.6		22.5
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	117.6		119.7
Accumulated Amortization	49.8		48.1
Net Amount	67.8		71.6
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	49.8		48.1
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	237.6		232.5
Accumulated Amortization	138.8		134.1
Net Amount	98.8		98.4
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	138.8		134.1
Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks, not subject to amortization	$ 144.1		$ 141.6

Income Taxes (Details)

Income Taxes (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Income Tax Disclosure [Abstract]
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Change In Tax Rate, Deferred Tax Liability, Provisional Income Tax Benefit	$ 4.6
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Elimination Of Alternative Minimum Tax, Provisional Income Tax Benefit	6.7
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Transition Tax For Accumulated Foreign Earnings, Provisional Income Tax Expense	$ 6.5

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Principal	$ 920.3	$ 945.1
Unamortized Discount and Debt Issuance Costs	11	11.9
Net	909.3	933.2
Principal, Current portion	(7.7)	(16.9)
Unamortized Discount and Debt Issuance Costs, Current portion	0	(0.1)
Net, Current portion	(7.7)	(16.8)
Principal, Net	912.6	928.2
Unamortized Discount and Debt Issuance Costs, Net	11	11.8
Net	901.6	916.4
Secured Debt [Member] | Senior Secured Term Loan Facility Due September 2023 [Member]
Debt Instrument [Line Items]
Principal	912.5	937.5
Unamortized Discount and Debt Issuance Costs	11	11.9
Net	901.5	925.6
Line of Credit [Member] | Other Lines of Credit [Member]
Debt Instrument [Line Items]
Principal	7.6	7.4
Unamortized Discount and Debt Issuance Costs	0	0
Net	7.6	7.4
Capital Lease Obligations and Other [Member]
Debt Instrument [Line Items]
Principal	0.2	0.2
Unamortized Discount and Debt Issuance Costs	0	0
Net	$ 0.2	$ 0.2

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Millions	Feb. 28, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Debt Instrument [Line Items]
Principal		$ 920.3		$ 945.1
Gain (loss) on debt extinguishment		(0.3)	$ (25.2)
Premium paid on debt redemption		0	(18)
Capitalization of debt issuance costs		0	$ 9.4
Senior Secured Term Loan Facility Due September 2023 [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Early Repayment of Senior Debt	$ 25
Principal		$ 912.5		$ 937.5

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - Pension Plan [Member] $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)plan	Mar. 31, 2017USD ($)
Other Nonoperating Income (Expense) [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension expense | $	$ 0.3	$ 0.3
Cost of sales and selling, general and administrative expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost | $	$ 0.1	$ 0.1
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of noncontributory defined benefit pension plans	3
Foreign Plan [Member] | United Kingdom [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of noncontributory defined benefit pension plans	1
Foreign Plan [Member] | Germany [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of noncontributory defined benefit pension plans	2

Net Loss Per Share and Shareh40

Net Loss Per Share and Shareholders' Equity - Reconciliation of Numerator and Denominator of the Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Numerator:
Net earnings (loss)	$ 5.9	$ (24.6)
Denominator:
Denominator for basic EPS–weighted-average common shares (in shares)	69,215,457	68,260,015
Dilutive effect of stock-based compensation arrangements (in shares)	2,307,869	0
Denominator for diluted EPS–adjusted weighted-average common shares (in shares)	71,523,326	68,260,015
Basic EPS (in dollars per share)	$ 0.09	$ (0.36)
Diluted EPS (in dollars per share)	$ 0.08	$ (0.36)

Net Loss Per Share and Shareh41

Net Loss Per Share and Shareholders' Equity - Additional Information (Details) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the diluted EPS calculation (in shares)		700,000
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the diluted EPS calculation (in shares)		200,000
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the diluted EPS calculation (in shares)	900,000	5,300,000

Stock-based Compensation (Detai

Stock-based Compensation (Details) - 2015 Equity Incentive Plan [Member] - shares	Mar. 01, 2018	Jun. 30, 2015	Mar. 31, 2018
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, granted (in shares)	300,000
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, granted (in shares)	200,000
Period from public disclosure in 2016 of financial results for fiscal year 2015 to vesting date		3 years
Performance-based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, granted (in shares)	100,000
Award vesting period			3 years
Minimum [Member] | Performance-based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage of award			50.00%
Maximum [Member] | Performance-based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage of award			200.00%

Derivative Financial Instrume43

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Feb. 15, 2017
Derivative [Line Items]
Gain (loss) on cash flow hedge ineffectiveness, net	$ 0.1	$ 0.1
Foreign Currency Forward [Member]
Derivative [Line Items]
Notional amounts	$ 20.1		$ 0.3
Remaining maturity of outstanding instruments	9 months
Foreign Currency Forward [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Gain (loss) reclassified from AOCI into income (effective portion)	$ 0	0
Foreign Currency Forward [Member] | Cash Flow Hedging [Member] | Other current liabilities [Member]
Derivative [Line Items]
Derivative liability	0
Interest Rate Swap [Member]
Derivative [Line Items]
Notional amounts				$ 400
Gain (loss) reclassified from AOCI into income (effective portion)	$ 0
Secured Debt [Member] | Senior Secured Term Loan Facility Due September 2023 [Member]
Derivative [Line Items]
Effective interest rate				2.062%
Not Designated as Hedging Instrument [Member] | Foreign Currency Gain (Loss) [Member] | Foreign Currency Forward [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net		$ 0.1

Derivative Financial Instrume44

Derivative Financial Instruments - Effect of Designated Cash Flow Hedges on the Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Foreign Currency Forward [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$ (0.2)	$ 0.1
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	0	$ 0
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	5.8
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ 0

Derivative Financial Instrume45

Derivative Financial Instruments - Derivative Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Foreign Currency Forward [Member] | Other current liabilities [Member] | Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ 0
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0.3
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	6.1	$ 1.7
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		1
Fair Value, Measurements, Recurring [Member] | Foreign Currency Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0.2
Fair Value, Measurements, Recurring [Member] | Foreign Currency Forward [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0.2
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Interest Rate Swap [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Interest Rate Swap [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Interest Rate Swap [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Foreign Currency Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Interest Rate Swap [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0.3
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Interest Rate Swap [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	6.1	1.7
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Interest Rate Swap [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		1
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Foreign Currency Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0.2
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Interest Rate Swap [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Interest Rate Swap [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Interest Rate Swap [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		$ 0
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Foreign Currency Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ 0

Accumulated Other Comprehensi46

Accumulated Other Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 520.7
Total other comprehensive income, net of tax	31	$ 18.8
Balance	563.1
Accumulated Other Comprehensive Income (Loss) [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(85.4)	(157.9)
Other comprehensive income (loss) before reclassifications	30.9	18.6
Amounts reclassified from accumulated other comprehensive income (loss)	0.1	0.2
Total other comprehensive income, net of tax	31	18.8
Balance	(54.4)	(139.1)
Foreign Currency Translation [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(78.3)	(150)
Other comprehensive income (loss) before reclassifications	26.6	18.8
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Total other comprehensive income, net of tax	26.6	18.8
Balance	(51.7)	(131.2)
Unrecognized Post- Retirement Plan Losses [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(7.2)	(7.3)
Other comprehensive income (loss) before reclassifications	(0.1)	(0.3)
Amounts reclassified from accumulated other comprehensive income (loss)	0.1	0.2
Total other comprehensive income, net of tax	0	(0.1)
Balance	(7.2)	(7.4)
Derivative Financial Instruments [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	0.1	(0.6)
Other comprehensive income (loss) before reclassifications	4.4	0.1
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Total other comprehensive income, net of tax	4.4	0.1
Balance	$ 4.5	$ (0.5)

Accumulated Other Comprehensi47

Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Derivative financial instruments:
Tax benefit	$ (5.9)	$ (6.7)
Other non-operating expenses	0.3	0.3
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Derivative financial instruments:
Tax benefit	0	0
Total reclassifications from accumulated other comprehensive income (loss)	0.1	0.2
Other non-operating expenses	$ 0.1	$ 0.2

Warranty Reserves (Details)

Warranty Reserves (Details) - Other current liabilities [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance	$ 9.9	$ 8.7
Warranty expense	4.1	4
Warranty claims paid	(4)	(4.9)
Foreign currency translation adjustments	0.1	0.2
Balance	$ 10.1	$ 8

Restructuring Reserves (Details

Restructuring Reserves (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Assets held-for-sale, not part of disposal group, current	$ 8	$ 8	$ 3.5
Minimum [Member] | Other expense, net [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense				$ 28
Maximum [Member] | Other expense, net [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense				$ 29
2017 Restructuring Actions [Member] | Other current liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Liability, severance-related actions		0.5			$ 1.2
2016 Restructuring Actions [Member] | Other current liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Liability, severance-related actions		12.3			$ 11.1
2016 Restructuring Actions [Member] | Other expense, net [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense		$ 6.4	$ 2.6

Sale-Leaseback Transaction (Det

Sale-Leaseback Transaction (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended		12 Months Ended
	Jan. 31, 2018	Dec. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Leases [Abstract]
Proceeds from sale of properties	$ 8		$ 8	$ 3.5
Gain (Loss) on Sale of Properties					$ 0.4
Lease term		6 years
Sale Leaseback Transaction [Line Items]
Total due under lease agreement		$ 8			$ 8

Business Segment Information -

Business Segment Information - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)segment	Mar. 31, 2017USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	3
Operating loss	$ (23.1)	$ (20)
Segments [Member] | Melt Delivery and Control Systems
Segment Reporting Information [Line Items]
Operating loss	$ (26.7)	$ (25.5)

Business Segment Information 52

Business Segment Information - Business Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total assets	$ 1,883.3		$ 1,858.8
Total long-lived assets, net	263.6		260.8
Total net sales to external customers	310.4	$ 285.4
Total operating earnings	23.1	20
Total capital expenditures	7.3	12.7
Total depreciation and amortization	14.4	14.5
Corporate [Member]
Segment Reporting Information [Line Items]
Total assets	59.3		80.5
Total long-lived assets, net	6.4		6.2
Total operating earnings	(12.2)	(12.5)
Total capital expenditures	0.3	0.1
Total depreciation and amortization	0.3	0.3
Advanced Plastic Processing Technologies | Segments [Member]
Segment Reporting Information [Line Items]
Total assets	534.1		524.8
Total long-lived assets, net	124.8		123.5
Total net sales to external customers	161.9	156.6
Total operating earnings	2.6	2.4
Total capital expenditures	2.3	5.9
Total depreciation and amortization	4.5	4.8
Melt Delivery and Control Systems | Segments [Member]
Segment Reporting Information [Line Items]
Total assets	1,138.8		1,104.5
Total long-lived assets, net	114.5		113.3
Total net sales to external customers	116.5	99.8
Total operating earnings	26.7	25.5
Total capital expenditures	4.1	6.6
Total depreciation and amortization	8.5	8.2
Fluid Technologies | Segments [Member]
Segment Reporting Information [Line Items]
Total assets	151.1		149
Total long-lived assets, net	17.9		$ 17.8
Total net sales to external customers	32	29
Total operating earnings	6	4.6
Total capital expenditures	0.6	0.1
Total depreciation and amortization	$ 1.1	$ 1.2

Business Segment Information 53

Business Segment Information - Net Sales to External Customers and Long-lived Assets, by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales to external customers	$ 310.4	$ 285.4
Total long-lived assets, net	263.6		$ 260.8
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales to external customers	121.1	127.2
Total long-lived assets, net	66.5		67.9
CZECH REPUBLIC
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets, net	47.2		48.2
CANADA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets, net	30		31
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales to external customers	41	27.2
Total long-lived assets, net	50.6		48.1
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales to external customers	36	27.6
Total long-lived assets, net	30.9		27.5
Rest of World [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales to external customers	112.3	$ 103.4
Total long-lived assets, net	$ 38.4		$ 38.1

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	Apr. 30, 2018	Feb. 28, 2018	Jan. 31, 2018	Dec. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Subsequent Event [Line Items]
Proceeds from sale of properties			$ 8		$ 8	$ 3.5
Lease term				6 years
Total due under lease agreement				$ 8
Secured Debt [Member] | Senior Secured Term Loan Facility Due September 2023 [Member]
Subsequent Event [Line Items]
Early Repayment of Senior Debt		$ 25
Secured Debt [Member] | Senior Secured Term Loan Facility Due September 2023 [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Early Repayment of Senior Debt	$ 25