Milacron (MZIAQ) 10-Q 2 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2019shares
Document And Entity Information [Abstract]
Entity Registrant Name	Milacron Holdings Corp.
Entity Central Index Key	0001637913
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Emerging Growth Company	false
Entity Small Business	false
Amendment Flag	false
Entity Common Stock, Shares Outstanding	70,501,787

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 150	$ 184
Accounts receivable, net	149.6	146.3
Inventories, net:
Raw materials	80.6	73.2
Work-in-process	52.1	46.7
Finished products	120.4	118.6
Total inventories, net	253.1	238.5
Prepaid and other current assets	47.5	49.1
Current assets held for sale	65	36.9
Total current assets	665.2	654.8
Property and equipment, net	208.2	215.7
Operating lease right-of-use assets	34.2	0
Goodwill	520.3	513.2
Intangible assets, net	291	292.7
Other noncurrent assets	25.4	29.1
Noncurrent assets held for sale	0	27
Total assets	1,744.3	1,732.5
Current liabilities:
Short-term borrowings	3.1	5.8
Accounts payable	106.3	116.8
Advanced billings and deposits	43.6	38.9
Accrued salaries, wages and other compensation	22.1	24
Other current liabilities	67.1	66
Current liabilities held for sale	15.8	14.9
Total current liabilities	258	266.4
Long-term debt	824.3	829
Deferred income tax liabilities	57.5	57.5
Accrued pension liabilities	27.2	27.6
Operating lease liabilities	26.4	0
Other noncurrent accrued liabilities	13.9	25.2
Total liabilities	1,207.3	1,205.7
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; 71,044,661 and 70,726,800 shares	0.7	0.7
Capital in excess of par value	698.1	693.5
Treasury stock - at cost; 542,874 and 272,662 shares as of March 31, 2019 and December 31, 2018, respectively	(7.2)	(3.5)
Retained deficit	(29.3)	(29)
Accumulated other comprehensive loss	(125.3)	(134.9)
Total shareholders’ equity	537	526.8
Total liabilities and shareholders’ equity	$ 1,744.3	$ 1,732.5

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
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)	71,044,661	70,726,800
Common stock, shares outstanding (in shares)	70,501,787	70,454,138
Treasury Stock, Common, Shares	542,874	272,662

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 248.7	$ 288.8
Cost of sales	163.9	188.9
Manufacturing margins	84.8	99.9
Operating expenses:
Selling, general and administrative expenses	54.1	62.1
Amortization expense	5.6	6.3
(Gain) loss on currency translation	(0.7)	0.7
Other (income) expense, net	(0.1)	7.6
Total operating expenses	58.9	76.7
Operating earnings	25.9	23.2
Interest expense, net	9.5	10.7
Loss on debt extinguishment	0	0.3
Other non-operating expenses	0.2	0.3
Earnings from continuing operations before income taxes	16.2	11.9
Income tax expense	7	5.4
Net earnings from continuing operations	9.2	6.5
Loss from discontinued operations (net of income taxes)	(10)	(0.6)
Net (loss) earnings	$ (0.8)	$ 5.9
Earnings (loss) per share:
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.13	$ 0.09
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	(0.14)	(0.01)
Basic (in dollars per share)	(0.01)	0.08
Income (Loss) from Continuing Operations, Per Diluted Share	0.13	0.09
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	(0.14)	(0.01)
Diluted (in dollars per share)	$ (0.01)	$ 0.08

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (0.8)	$ 5.9
Other comprehensive income (loss), net of tax:
Foreign currency translation gain	11.1	26.6
Unrecognized post-retirement plan gain	0.1	0
Unrealized (loss) gain on hedging activities	(1.6)	4.4
Total other comprehensive income, net of tax	9.6	31
Comprehensive loss attributable to Milacron Holdings Corp.	$ 8.8	$ 36.9

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholder's Equity Statement - USD ($) $ in Millions	Total	Common Stock	Capital In Excess of Par Value	Treasury Stock, Common [Member]	Retained Deficit	Accumulated Other Comprehensive Loss
Beginning balance, common stock outstanding (in shares) at Dec. 31, 2017		69,644,918		0
Beginning balance, equity at Dec. 31, 2017	$ 520.7	$ 0.7	$ 675.9	$ 0	$ (70.5)	$ (85.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation activity (in shares)		732,789
Stock-based compensation activity	5.5	$ 0	5.5
Net earnings (loss)	5.9				5.9
Other comprehensive income, net of tax	31					31
Ending balance, common stock outstanding (in shares) at Mar. 31, 2018		70,377,707		0
Ending balance, equity at Mar. 31, 2018	$ 563.1	$ 0.7	681.4	$ 0	(64.6)	(54.4)
Beginning balance, common stock outstanding (in shares) at Dec. 31, 2018	70,454,138	70,726,800		(272,662)
Beginning balance, equity at Dec. 31, 2018	$ 526.8	$ 0.7	693.5	$ (3.5)	(29)	(134.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation activity (in shares)		317,861
Stock-based compensation activity	4.6	$ 0	4.6
Treasury Stock, Shares, Acquired				(270,212)
Treasury Stock, Value, Acquired, Cost Method	(3.7)			$ (3.7)
Net earnings (loss)	(0.8)				(0.8)
Other comprehensive income, net of tax	$ 9.6					9.6
Ending balance, common stock outstanding (in shares) at Mar. 31, 2019	70,501,787	71,044,661		(542,874)
Ending balance, equity at Mar. 31, 2019	$ 537	$ 0.7	$ 698.1	$ (7.2)	$ (29.3)	$ (125.3)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)
Operating activities from continuing operations
Net (loss) earnings	$ (0.8)	$ 5.9
Loss from discontinued operations (net of income taxes)	10	0.6
Adjustments to reconcile net (loss) earnings from continuing operations to net cash (used in) provided by operating activities from continuing operations:
Depreciation and amortization	11.9	13.2
Unrealized (gain) loss on currency translation of intercompany advances	(1.7)	0.2
Amortization of deferred financing costs	0.6	0.7
Loss on debt extinguishment	0	0.3
Non-cash stock-based compensation expense	3.3	2.7
Deferred income taxes	(1.2)	1.1
Changes in assets and liabilities:
Accounts receivable	(3)	3.2
Inventories	(13.7)	(13)
Prepaid and other current assets	1.1	(4.6)
Accounts payable	(8.8)	(1.9)
Advanced billings and deposits	4.5	11.8
Other current liabilities	(7.2)	(9.1)
Other noncurrent assets	0.9	0.7
Other noncurrent accrued liabilities	(0.5)	(0.1)
Net cash (used in) provided by operating activities from continuing operations	(4.6)	11.7
Investing activities from continuing operations
Purchases of property and equipment	(18)	(7.2)
Proceeds from disposals of property and equipment	0.2	8
Net cash (used in) provided by investing activities from continuing operations	(17.8)	0.8
Financing activities from continuing operations
Payments on long-term debt and capital lease obligations (original maturities longer than 90 days)	(5)	(25)
Net decrease in short-term borrowings (original maturities of 90 days or less)	(2.8)	(0.1)
Proceeds from exercise of stock options	1.3	2.8
Purchase of treasury stock	(3.7)	0
Net cash used in financing activities from continuing operations	(10.2)	(22.3)
Cash used in continuing operations	(32.6)	(9.8)
Operating cash flows	(2.6)	(4.1)
Investing cash flows	(0.2)	(0.1)
Total cash used in discontinued operations	(2.8)	(4.2)
Effect of exchange rate changes on cash	1.4	2.8
Decrease in cash and cash equivalents	(34)	(11.2)
Cash and cash equivalents at beginning of period	184	187.9
Cash and cash equivalents at end of period	$ 150	$ 176.7

Background and Basis of Present

Background and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
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, 2018 included in the Company’s Annual Report on Form 10-K filed with the SEC on February 28, 2019. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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. The Company adopted ASU 2016-02 on January 1, 2019 using a modified retrospective method and the impact of that adoption is materially consistent with the balances recorded within the Company's Condensed Consolidated Balance Sheets as of March 31, 2019. There was no material impact to the Company's consolidated net (loss) earnings, shareholders' equity or cash flows. Under the modified retrospective approach, the Company did not adjust its comparative period financial information or make new lease disclosures for periods before the effective date. As permitted under ASU 2016-02, the Company also elected the package of practical expedients and will carry forward the assessment of whether contracts contain or are leases and the classification of leases. In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220) (ASU 2018-02). ASU 2018-02 allows for an entity to elect to reclassify from accumulated other comprehensive income (loss) to retained earnings the income tax effects on items resulting from what is commonly referred to as the U.S. Tax Cuts and Jobs Act of 2017 (the "Tax Act"). ASU 2018-02 is effective for fiscal years beginning after December 15, 2018 with early adoption permitted, including interim periods within those years. The Company has elected to not reclassify the stranded income tax effects of the Tax Act from accumulated other comprehensive income (loss) to retained earnings. Lease Accounting Policy The Company determines if an arrangement contains a lease at inception and recognizes ROU assets and liabilities associated with leases based on the present value of the future minimum lease payments over the lease term at the later of the commencement date of the lease or January 1, 2019 (the implementation date of ASU 2016-02). The Company uses its incremental borrowing rate at the commencement date in determining the present value of future payments for leases where the implicit rate cannot be readily determined. Lease terms reflect options to extend or terminate the lease when it is reasonably certain that the option will be exercised. For leases that include residual value guarantees or payments for terminating the lease, the Company includes these costs in the lease liability when it is probable that we will incur them. ROU assets and obligations for short-term leases (leases with an initial term of 12 months or less) are not recognized in the Company's Condensed Consolidated Balance Sheets. Lease expense for short-term leases is recognized on a straight-line basis over the lease term. Results for reporting periods beginning after January 1, 2019 are presented under Accounting Standards Codification ("ASC") 842, Leases ("ASC 842"), while prior period amounts are not adjusted and continue to be reported in accordance with our historical accounting treatment under ASC Topic 840, Leases . Reclassifications Certain amounts in the prior period Condensed Consolidated Financial Statements have been reclassified to conform to the current period's presentation specifically as it relates to assets and liabilities held for sale and disaggregated revenue.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations During the first quarter of 2019, the Company started a process to divest its blow molding business as it is no longer considered a strategic fit with the Company's long-term growth plan and operational objectives. This expected divestiture represents a strategic shift in the Company's business and, in accordance with U.S. GAAP, qualifies as a discontinued operation and the divestiture is expected to occur within one year. As a result, the operating results and cash flows related to the blow molding business have been reflected as discontinued operations in the Company's Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Cash Flows for all periods presented, while the assets and liabilities that are expected to be sold have been reflected as assets and liabilities held for sale for the current and prior periods in the Company's Condensed Consolidated Balance Sheets. The financial information reported for the Company's Advanced Plastic Processing Technologies reporting segment exclude the activity from the blow molding business due to the expected divestiture. The assets and liabilities of the blow molding business that have been classified as held for sale in the Company's Condensed Consolidated Balance Sheets are comprised of the following: March 31, 2019 December 31, 2018 (in millions) Accounts receivable, net $ 8.8 $ 6.5 Inventories, net: 18.7 19.3 Prepaid and other current assets 1.0 1.5 Property and equipment, net 16.4 — Operating lease right-of-use assets 1.2 — Goodwill 0.6 — Intangible assets, net 0.8 — Current assets held for sale $ 47.5 $ 27.3 Property and equipment, net $ — $ 25.3 Goodwill — 0.6 Intangible assets, net — 1.1 Noncurrent assets held for sale $ — $ 27.0 Accounts payable $ 5.3 $ 6.1 Advanced billings and deposits 6.1 5.6 Accrued salaries, wages and other compensation 1.5 1.9 Other current liabilities 1.7 1.3 Operating lease liabilities 1.2 — Current liabilities held for sale $ 15.8 $ 14.9 As a result of the Company's decision to sell its blow molding business, the Company recognized an $8.5 million non-cash adjustment to write-down the net book value of one its facilities located in Europe which is classified as held for sale as of March 31, 2019 and December 31, 2018. The facility was written down to fair value less estimated costs to sell based on a quoted market price, a level two measurement under the fair value hierarchy. The facility's assets are recorded within the Company's Advanced Plastic Processing Technologies segment and the adjustment to net book value is recorded within loss on discontinued operations within the Company's Condensed Consolidated Statements of Operations. The value of the facility is classified within current assets held for sale in the accompanying Condensed Consolidated Balance Sheets. The following table presents a consolidation of the captions within the Company's Condensed Consolidated Statements of Operations for the loss from discontinued operations attributable to the blow molding business for the three months ended March 31, 2019 and 2018. Three Months Ended March 31, 2019 2018 (in millions) Loss from discontinued operations attributable to blow molding business Net sales $ 21.5 $ 21.6 Cost of sales 18.7 17.6 Selling, general and administrative expenses 3.1 4.0 Amortization expense 0.4 0.5 Gain on currency translation — (0.5 ) Other expense 8.9 0.1 Pretax loss from discontinued operations (9.6 ) (0.1 ) Income tax expense 0.4 0.5 Loss from discontinued operations $ (10.0 ) $ (0.6 )

Revenue

Revenue	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue	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. During the first quarter of 2019, the Company refined the end market classification of certain customers in each segment and as a result, the end market classification in the comparative period has been reclassified to conform with the current period presentation. Three Months Ended March 31, 2019 Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Total (in millions) Primary geographical markets: North America $ 74.1 $ 36.2 $ 12.6 $ 122.9 Europe 6.2 28.3 11.4 45.9 China 0.9 21.0 2.5 24.4 India 32.3 3.9 0.2 36.4 Other 5.9 10.6 2.6 19.1 Total $ 119.4 $ 100.0 $ 29.3 $ 248.7 End markets: Automotive $ 23.4 $ 23.3 $ 6.2 $ 52.9 Packaging 13.7 11.8 — 25.5 Consumer goods 16.2 17.6 1.4 35.2 Electronics 8.0 4.8 1.0 13.8 Medical 6.6 8.1 0.2 14.9 Construction 20.0 0.4 — 20.4 Custom molders and other 31.4 — — 31.4 Mold makers and other — 30.8 — 30.8 Job shops and other — — 9.1 9.1 Distributors 0.1 3.2 11.4 14.7 Total $ 119.4 $ 100.0 $ 29.3 $ 248.7 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 $ 80.3 $ 35.8 $ 12.8 $ 128.9 Europe 16.6 33.2 12.6 62.4 China 5.0 32.1 2.8 39.9 India 31.4 3.8 0.3 35.5 Other 7.0 11.6 3.5 22.1 Total $ 140.3 $ 116.5 $ 32.0 $ 288.8 End markets: Automotive $ 21.6 $ 29.1 $ 6.8 $ 57.5 Packaging 22.6 12.0 0.1 34.7 Consumer goods 14.9 21.8 1.4 38.1 Electronics 11.3 9.1 1.8 22.2 Medical 4.3 7.6 0.2 12.1 Construction 25.3 0.4 — 25.7 Custom molders and other 40.1 — — 40.1 Mold makers and other — 34.0 — 34.0 Job shops and other — — 8.9 8.9 Distributors 0.2 2.5 12.8 15.5 Total $ 140.3 $ 116.5 $ 32.0 $ 288.8 We receive payments from customers based upon contractual billing schedules. Accounts receivable are recorded when the right to receive 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 are as follows: Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 (in millions) Balance at beginning of period $ 38.9 $ 52.4 Additional advanced billings and deposits received 71.8 93.3 Revenue recognized (66.5 ) (80.5 ) Foreign currency translation adjustments and other (0.6 ) (0.5 ) Balance at end of period $ 43.6 $ 64.7 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. 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 ASU No. 2014-09, Revenue from Contracts w ith Customers , 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, 2019
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, 2019 : Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Corporate Total (in millions) Balance at December 31, 2018 $ 35.0 $ 431.3 $ 46.9 $ — $ 513.2 Foreign currency translation adjustments — 7.1 — — 7.1 Balance at March 31, 2019 $ 35.0 $ 438.4 $ 46.9 $ — $ 520.3 There were no goodwill impairment charges during the three months ended March 31, 2019 and 2018 . The following table summarizes the Company’s other intangible assets at March 31, 2019 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 36.2 $ 20.5 $ 15.7 Technology 112.4 55.8 56.6 Customer relationships 215.1 133.9 81.2 Total intangible assets subject to amortization 363.7 210.2 153.5 Trademarks, not subject to amortization 137.5 — 137.5 Total $ 501.2 $ 210.2 $ 291.0 The following table summarizes the Company’s other intangible assets at December 31, 2018 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 35.7 $ 19.6 $ 16.1 Technology 110.9 53.0 57.9 Customer relationships 213.7 130.7 83.0 Total intangible assets subject to amortization 360.3 203.3 157.0 Trademarks, not subject to amortization 135.7 — 135.7 Total $ 496.0 $ 203.3 $ 292.7 Consolidated amortization expense related to intangible assets subject to amortization was $5.6 million and $6.3 million for the three months ended March 31, 2019 and 2018 , respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
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 strategies 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 uncertain 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. At December 31, 2018, the Company had estimated U.S. net operating loss carryforwards totaling $107.3 million , which are scheduled to expire beginning in 2029. As of December 31, 2018, the Company had determined that it has experienced multiple ownership changes under Internal Revenue Code Section 382 in prior years. During the year ended December 31, 2018, the Company completed a formal study and determined the usage of the Company's U.S. net operating losses are limited due to ownership changes that occurred in 2015 and 2017. The annual limitation did not increase U.S. cash taxes or income tax expense. In accordance with ASC 740, Income Taxes , 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.

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	Debt Debt for the Company consists of the following: March 31, 2019 December 31, 2018 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 $ 832.5 $ 8.2 $ 824.3 $ 837.5 $ 8.7 $ 828.8 Borrowings under other lines of credit 3.1 — 3.1 5.8 — 5.8 Capital lease obligations and other — — — 0.3 — 0.3 Total debt 835.6 8.2 827.4 843.6 8.7 834.9 Less current portion (3.1 ) — (3.1 ) (5.9 ) — (5.9 ) Total debt less current portion $ 832.5 $ 8.2 $ 824.3 $ 837.7 $ 8.7 $ 829.0 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"). As a result of the transaction, the Company recognized a loss on debt extinguishment of $0.3 million for the three months ended March 31, 2018 related to the write-off of deferred financing costs associated with the Company's 2017 Term Loan Facility.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2019
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 for the three months ended March 31, 2018 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 $0.2 million and $0.3 million for the three months ended March 31, 2019 and 2018 , 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, 2019
Earnings Per Share [Abstract]
Net Loss Per Share and Shareholders' Equity	Net Earnings Per Share The following is a reconciliation of the numerator and denominator of the basic and diluted net earnings per share ("EPS") computations: Three Months Ended March 31, 2019 2018 (in millions, except common share and per common share amounts) Numerator: Net earnings from continuing operations $ 9.2 $ 6.5 Denominator: Denominator for basic EPS–weighted-average common shares 69,996,588 69,215,457 Dilutive effect of stock-based compensation arrangements 1,176,893 2,307,869 Denominator for diluted EPS–adjusted weighted-average common shares 71,173,481 71,523,326 Basic EPS from continuing operations $ 0.13 $ 0.09 Diluted EPS from continuing operations $ 0.13 $ 0.09 The diluted EPS calculation for the three months ended March 31, 2019 and 2018 excludes the effect of 1.1 million and 0.9 million outstanding stock options, respectively, as their effect is anti-dilutive. The diluted EPS calculation for the three months ended March 31, 2019 and 2018 excludes the effect of 0.5 million and 0.2 million outstanding performance stock units, respectively, as the performance criteria has not yet been achieved.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation On March 1, 2019, the Company granted 0.3 million performance stock units and 0.8 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 adjusted EBITDA margin and free cash flow conversion and possible payouts ranging from 50% to 200% of the target awards. The restricted stock units vest in equal annual increments over two or three years .

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2019
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 $34.3 million at March 31, 2019 . There were no foreign currency forward contracts outstanding at December 31, 2018 . As of March 31, 2019 , 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, 2019 and is included in prepaid and other current assets in the Company's Condensed Consolidated Balance Sheets. 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, 2019 , the Company recognized losses of $0.2 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 (gain) loss on currency translation. The fair value of these derivative instruments not designated as hedges was insignificant at March 31, 2019 . 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 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, the Company recorded $0.1 million of hedge ineffectiveness in earnings. Cross-Currency Interest Rate Swap In November 2018, the Company entered into a cross-currency interest rate swap agreement that will mature on September 28, 2023, with an aggregate notional amount of $85.8 million to manage foreign currency risk by effectively converting a portion of the Company's variable rate U.S. dollar-denominated debt, including the monthly interest rates thereunder, to fixed rate Euro-denominated debt of €75.0 million. This cross-currency interest rate swap agreement is designated as a hedge of a portion of our net investment in Euro-denominated foreign operations to reduce foreign currency risk associated with the investment in these operations. Changes in the value of these items resulting from fluctuations in the underlying exchange rates to U.S. dollar exchange rates are recorded as foreign currency translation adjustments within accumulated other comprehensive loss. The following table provides the effect of the Company’s foreign currency forward contracts, interest rate swaps and cross-currency interest rate swaps designated as cash flow hedges on the Company’s Condensed Consolidated Financial Statements for the three months ended March 31, 2019 and 2018 : 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, 2019 Foreign exchange contracts $ 0.3 $ — Interest rate swaps $ (3.5 ) $ 0.5 Cross-currency interest rate swaps $ 2.3 $ 0.5 Three Months Ended March 31, 2018 Foreign exchange contracts $ (0.2 ) $ — Interest rate swaps $ 5.8 $ — All gains (losses) that are reclassified from accumulated other comprehensive loss into income (effective portion) are classified in (gain) loss 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, 2019 and December 31, 2018 were as follows: Balance Sheet Location Total Level 1 Level 2 Level 3 (in millions) March 31, 2019 Foreign currency forward contracts (asset position) Prepaid and other current assets $ 0.2 $ — $ 0.2 $ — Interest rate swap agreements (asset position) Prepaid and other current assets $ 1.3 $ — $ 1.3 $ — Interest rate swap agreements (liability position) Other current liabilities $ 0.1 $ — $ 0.1 $ — Cross-currency interest rate swap agreements (asset position) Prepaid and other current assets $ 2.1 $ — $ 2.1 $ — Cross-currency interest rate swap agreements (asset position) Other noncurrent assets $ 0.1 $ — $ 0.1 $ — Cross-currency interest rate swap agreements (liability position) Other current liabilities $ 0.4 $ — $ 0.4 $ — Cross-currency interest rate swap agreements (liability position) Other noncurrent accrued liabilities $ 0.9 $ — $ 0.9 $ — December 31, 2018 Interest rate swap agreements (asset position) Prepaid and other current assets $ 1.9 $ — $ 1.9 $ — Cross-currency interest rate swap agreements (asset position) Prepaid and other current assets $ 1.9 $ — $ 1.9 $ — Interest rate swap agreements (asset position) Other noncurrent assets $ 2.5 $ — $ 2.5 $ — Cross-currency interest rate swap agreements (liability position) Other current liabilities $ 0.3 $ — $ 0.3 $ — Cross-currency interest rate swap agreements (liability position) Other noncurrent accrued liabilities $ 2.1 $ — $ 2.1 $ —

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive loss: Foreign Currency Translation Unrecognized Post- Retirement Plan Losses Derivative Financial Instruments Total (in millions) 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 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 ) Balance at December 31, 2018 $ (132.5 ) $ (5.2 ) $ 2.8 $ (134.9 ) Other comprehensive income (loss) before reclassifications 11.1 — (0.8 ) 10.3 Amounts reclassified from accumulated other comprehensive loss — 0.1 (0.8 ) (0.7 ) Other comprehensive income (loss) 11.1 0.1 (1.6 ) 9.6 Balance at March 31, 2019 $ (121.4 ) $ (5.1 ) $ 1.2 $ (125.3 ) The following table summarizes the reclassifications out of accumulated other comprehensive loss during the three months ended March 31, 2019 and 2018 : Classification Three Months Ended March 31, of Expense 2019 2018 (in millions) Unrealized pension and post-retirement obligations: Adjustment of pension and post-retirement obligations (a) $ (0.1 ) $ (0.1 ) Tax benefit (c) — — Adjustment of pension and post-retirement obligations, net of tax (0.1 ) (0.1 ) Derivative financial instruments: Loss on derivative financial instruments (b) 1.0 — Tax benefit (c) (0.2 ) — Loss on derivative financial instruments, net of tax 0.8 — Total reclassifications from accumulated other comprehensive loss $ 0.7 $ (0.1 ) (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) Amount is included in cost of sales and (gain) loss on currency translation in the Company's Condensed Consolidated Statements of Operations. (c) 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, 2019
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, 2019 2018 (in millions) Balance at beginning of period $ 8.7 $ 9.7 Warranty expense 2.5 3.9 Warranty claims paid (3.3 ) (3.7 ) Foreign currency translation adjustments 0.1 0.1 Balance at end of period $ 8.0 $ 10.0

Restructuring Reserves

Restructuring Reserves	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring Reserves	Restructuring and Facilities 2019 Actions During the three months ended March 31, 2019 , the Company entered into an agreement to purchase a manufacturing facility located in Baden-Baden, Germany which was previously leased by the Company. The purchase price was €6.8 million , or approximately $7.8 million . In connection with this transaction, the Company has committed to a plan to sell the facility with the intention of entering into a corresponding new lease agreement. As of March 31, 2019, this facility met the held-for-sale criteria set forth in U.S. GAAP, resulting in the classification of $8.0 million of property and equipment as held-for-sale. No adjustment to book value was recognized during the three months ended March 31, 2019 and the book value of the facility is classified within current assets held for sale in the Company's Condensed Consolidated Balance Sheets. The Baden-Baden, Germany facility is reported within the Melt Delivery and Control Systems segment. 2018 Actions In connection with the Company's organizational redesign initiatives in Europe, the Company has committed to a plan to sell its facility located in Malterdingen, Germany. As of March 31, 2019 and December 31, 2018, this facility met the held-for-sale criteria set forth in U.S. GAAP, resulting in the classification of $9.5 million of property and equipment as held-for-sale. No adjustment to book value was recognized during the three months ended March 31, 2019 and the book value of the facility is classified within current assets held for sale in the Company's Condensed Consolidated Balance Sheets. The Malterdingen, Germany facility is reported within the Advanced Plastic Processing Technologies segment. 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. During the three months ended March 31, 2018, the Company recorded severance expense of $6.4 million 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 resulted in cash expenditures and were substantially complete by March 31, 2019. As the employees were required to render service in order to receive the termination benefits, the associated liability and expense were recognized ratably over the future service period. At December 31, 2018, the total remaining liability related to this plan was $8.3 million and is included in other current liabilities in the Company's Condensed Consolidated Balance Sheets.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases We have operating leases primarily for manufacturing facilities, offices, vehicles, and certain equipment. Leases with an initial term of 12 months or less are not recorded on the Company's Condensed Consolidated Balance Sheets with lease expense for these leases recognized on a straight-line basis over the lease term. Our leases have remaining lease terms of 1 year to 13 years , some of which may include options to extend the leases for up to 20 years , and some of which may include options to terminate the leases within 1 year . Operating lease expense for the three months ended March 31, 2019 was $3.0 million while financing and short-term lease expenses were insignificant. Supplemental cash flow information for the three months ended March 31, 2019 are as follows (in millions): Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3.0 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 3.5 Supplemental balance sheet information related to leases at March 31, 2019 are as follows (in millions, except remaining lease term and discount rate): Operating Leases: Operating lease right-of-use assets $ 34.2 Other current liabilities $ 7.9 Operating lease liabilities 26.4 Total operating lease liabilities $ 34.3 Weighted-Average Remaining Lease Term (in years): Operating leases 6.56 Weighted-Average Discount Rate: Operating leases 5.16% At March 31, 2019, the maturities of operating lease liabilities are as follows (in millions): 2019 (excluding the three months ended March 31, 2019) $ 7.8 2020 8.5 2021 6.5 2022 4.9 2023 3.8 Thereafter 11.8 Total lease payments 43.3 Less: Imputed interest (9.0 ) Total $ 34.3 At December 31, 2018, future minimum lease commitments under non-cancelable operating leases as determined prior to the adoption of ASC 842 were as follows (in millions): 2019 $ 8.9 2020 6.2 2021 4.4 2022 3.5 2023 2.5 Thereafter 2.9 Future minimum leas commitments $ 28.4

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2019
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, 2019 December 31, (in millions) Advanced Plastic Processing Technologies $ 492.6 $ 482.3 Melt Delivery and Control Systems 1,054.1 1,030.6 Fluid Technologies 149.3 145.3 Corporate 48.3 74.3 Total assets $ 1,744.3 $ 1,732.5 The following table summarizes long-lived assets, net by segment: March 31, 2019 December 31, (in millions) Advanced Plastic Processing Technologies $ 98.2 $ 82.1 Melt Delivery and Control Systems 113.4 109.6 Fluid Technologies 23.3 17.7 Corporate 7.5 6.3 Total long-lived assets, net $ 242.4 $ 215.7 The following tables summarize segment information: Three Months Ended March 31, 2019 2018 (in millions) Net sales to external customers: Advanced Plastic Processing Technologies $ 119.4 $ 140.3 Melt Delivery and Control Systems 100.0 116.5 Fluid Technologies 29.3 32.0 Total net sales to external customers $ 248.7 $ 288.8 Three Months Ended March 31, 2019 2018 (in millions) Operating earnings (loss): Advanced Plastic Processing Technologies $ 12.1 $ 2.7 Melt Delivery and Control Systems 18.4 26.7 Fluid Technologies 5.4 6.0 Corporate (10.0 ) (12.2 ) Total operating earnings $ 25.9 $ 23.2 Capital expenditures: Advanced Plastic Processing Technologies $ 6.3 $ 2.2 Melt Delivery and Control Systems 11.0 4.1 Fluid Technologies 0.7 0.6 Corporate — 0.3 Total capital expenditures $ 18.0 $ 7.2 Depreciation and amortization: Advanced Plastic Processing Technologies $ 2.7 $ 3.3 Melt Delivery and Control Systems 7.8 8.5 Fluid Technologies 1.0 1.1 Corporate 0.4 0.3 Total depreciation and amortization $ 11.9 $ 13.2 The following tables summarize net sales to external customers and long-lived assets, net by country: Three Months Ended March 31, 2019 2018 (in millions) Net sales to external customers: United States $ 103.0 $ 108.4 China 24.4 39.9 India 36.4 35.5 Rest of World 84.9 105.0 Total net sales to external customers $ 248.7 $ 288.8 March 31, 2019 December 31, 2018 (in millions) Long-lived assets, net: United States $ 76.5 $ 63.3 China 53.0 48.4 India 42.0 37.9 Czech Republic 18.9 18.7 Canada 26.9 29.0 Rest of World 25.1 18.4 Total long-lived assets, net $ 242.4 $ 215.7

Background and Basis of Prese_2

Background and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
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, 2018 included in the Company’s Annual Report on Form 10-K filed with the SEC on February 28, 2019.
Recently Adopted Accounting Pronoucements	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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. The Company adopted ASU 2016-02 on January 1, 2019 using a modified retrospective method and the impact of that adoption is materially consistent with the balances recorded within the Company's Condensed Consolidated Balance Sheets as of March 31, 2019. There was no material impact to the Company's consolidated net (loss) earnings, shareholders' equity or cash flows. Under the modified retrospective approach, the Company did not adjust its comparative period financial information or make new lease disclosures for periods before the effective date. As permitted under ASU 2016-02, the Company also elected the package of practical expedients and will carry forward the assessment of whether contracts contain or are leases and the classification of leases.

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities Classified as Held for Sale and Consolidation of Captions within Statements of Operations for Loss from Discontinued Operations	The following table presents a consolidation of the captions within the Company's Condensed Consolidated Statements of Operations for the loss from discontinued operations attributable to the blow molding business for the three months ended March 31, 2019 and 2018. Three Months Ended March 31, 2019 2018 (in millions) Loss from discontinued operations attributable to blow molding business Net sales $ 21.5 $ 21.6 Cost of sales 18.7 17.6 Selling, general and administrative expenses 3.1 4.0 Amortization expense 0.4 0.5 Gain on currency translation — (0.5 ) Other expense 8.9 0.1 Pretax loss from discontinued operations (9.6 ) (0.1 ) Income tax expense 0.4 0.5 Loss from discontinued operations $ (10.0 ) $ (0.6 ) The assets and liabilities of the blow molding business that have been classified as held for sale in the Company's Condensed Consolidated Balance Sheets are comprised of the following: March 31, 2019 December 31, 2018 (in millions) Accounts receivable, net $ 8.8 $ 6.5 Inventories, net: 18.7 19.3 Prepaid and other current assets 1.0 1.5 Property and equipment, net 16.4 — Operating lease right-of-use assets 1.2 — Goodwill 0.6 — Intangible assets, net 0.8 — Current assets held for sale $ 47.5 $ 27.3 Property and equipment, net $ — $ 25.3 Goodwill — 0.6 Intangible assets, net — 1.1 Noncurrent assets held for sale $ — $ 27.0 Accounts payable $ 5.3 $ 6.1 Advanced billings and deposits 6.1 5.6 Accrued salaries, wages and other compensation 1.5 1.9 Other current liabilities 1.7 1.3 Operating lease liabilities 1.2 — Current liabilities held for sale $ 15.8 $ 14.9

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2019
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. During the first quarter of 2019, the Company refined the end market classification of certain customers in each segment and as a result, the end market classification in the comparative period has been reclassified to conform with the current period presentation. Three Months Ended March 31, 2019 Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Total (in millions) Primary geographical markets: North America $ 74.1 $ 36.2 $ 12.6 $ 122.9 Europe 6.2 28.3 11.4 45.9 China 0.9 21.0 2.5 24.4 India 32.3 3.9 0.2 36.4 Other 5.9 10.6 2.6 19.1 Total $ 119.4 $ 100.0 $ 29.3 $ 248.7 End markets: Automotive $ 23.4 $ 23.3 $ 6.2 $ 52.9 Packaging 13.7 11.8 — 25.5 Consumer goods 16.2 17.6 1.4 35.2 Electronics 8.0 4.8 1.0 13.8 Medical 6.6 8.1 0.2 14.9 Construction 20.0 0.4 — 20.4 Custom molders and other 31.4 — — 31.4 Mold makers and other — 30.8 — 30.8 Job shops and other — — 9.1 9.1 Distributors 0.1 3.2 11.4 14.7 Total $ 119.4 $ 100.0 $ 29.3 $ 248.7 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 $ 80.3 $ 35.8 $ 12.8 $ 128.9 Europe 16.6 33.2 12.6 62.4 China 5.0 32.1 2.8 39.9 India 31.4 3.8 0.3 35.5 Other 7.0 11.6 3.5 22.1 Total $ 140.3 $ 116.5 $ 32.0 $ 288.8 End markets: Automotive $ 21.6 $ 29.1 $ 6.8 $ 57.5 Packaging 22.6 12.0 0.1 34.7 Consumer goods 14.9 21.8 1.4 38.1 Electronics 11.3 9.1 1.8 22.2 Medical 4.3 7.6 0.2 12.1 Construction 25.3 0.4 — 25.7 Custom molders and other 40.1 — — 40.1 Mold makers and other — 34.0 — 34.0 Job shops and other — — 8.9 8.9 Distributors 0.2 2.5 12.8 15.5 Total $ 140.3 $ 116.5 $ 32.0 $ 288.8
Contract with Customer, Liability	Significant changes in the contract liabilities balances are as follows: Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 (in millions) Balance at beginning of period $ 38.9 $ 52.4 Additional advanced billings and deposits received 71.8 93.3 Revenue recognized (66.5 ) (80.5 ) Foreign currency translation adjustments and other (0.6 ) (0.5 ) Balance at end of period $ 43.6 $ 64.7

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 : Advanced Plastic Processing Technologies Melt Delivery and Control Systems Fluid Technologies Corporate Total (in millions) Balance at December 31, 2018 $ 35.0 $ 431.3 $ 46.9 $ — $ 513.2 Foreign currency translation adjustments — 7.1 — — 7.1 Balance at March 31, 2019 $ 35.0 $ 438.4 $ 46.9 $ — $ 520.3
Schedule of Finite-Lived Intangible Assets	The following table summarizes the Company’s other intangible assets at March 31, 2019 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 36.2 $ 20.5 $ 15.7 Technology 112.4 55.8 56.6 Customer relationships 215.1 133.9 81.2 Total intangible assets subject to amortization 363.7 210.2 153.5 Trademarks, not subject to amortization 137.5 — 137.5 Total $ 501.2 $ 210.2 $ 291.0 The following table summarizes the Company’s other intangible assets at March 31, 2019 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 36.2 $ 20.5 $ 15.7 Technology 112.4 55.8 56.6 Customer relationships 215.1 133.9 81.2 Total intangible assets subject to amortization 363.7 210.2 153.5 Trademarks, not subject to amortization 137.5 — 137.5 Total $ 501.2 $ 210.2 $ 291.0 The following table summarizes the Company’s other intangible assets at December 31, 2018 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 35.7 $ 19.6 $ 16.1 Technology 110.9 53.0 57.9 Customer relationships 213.7 130.7 83.0 Total intangible assets subject to amortization 360.3 203.3 157.0 Trademarks, not subject to amortization 135.7 — 135.7 Total $ 496.0 $ 203.3 $ 292.7
Intangible Assets, Not Subject to Amortization	The following table summarizes the Company’s other intangible assets at March 31, 2019 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 36.2 $ 20.5 $ 15.7 Technology 112.4 55.8 56.6 Customer relationships 215.1 133.9 81.2 Total intangible assets subject to amortization 363.7 210.2 153.5 Trademarks, not subject to amortization 137.5 — 137.5 Total $ 501.2 $ 210.2 $ 291.0 The following table summarizes the Company’s other intangible assets at December 31, 2018 : Gross Amount Accumulated Amortization Net Amount (in millions) Intangible assets subject to amortization: Trademarks $ 35.7 $ 19.6 $ 16.1 Technology 110.9 53.0 57.9 Customer relationships 213.7 130.7 83.0 Total intangible assets subject to amortization 360.3 203.3 157.0 Trademarks, not subject to amortization 135.7 — 135.7 Total $ 496.0 $ 203.3 $ 292.7 The following table summarizes the Company’s other intangible assets at March 31, 2019 : Gross Amount Accumulated Amortization Net (in millions) Intangible assets subject to amortization: Trademarks $ 36.2 $ 20.5 $ 15.7 Technology 112.4 55.8 56.6 Customer relationships 215.1 133.9 81.2 Total intangible assets subject to amortization 363.7 210.2 153.5 Trademarks, not subject to amortization 137.5 — 137.5 Total $ 501.2 $ 210.2 $ 291.0

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Debt	Debt for the Company consists of the following: March 31, 2019 December 31, 2018 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 $ 832.5 $ 8.2 $ 824.3 $ 837.5 $ 8.7 $ 828.8 Borrowings under other lines of credit 3.1 — 3.1 5.8 — 5.8 Capital lease obligations and other — — — 0.3 — 0.3 Total debt 835.6 8.2 827.4 843.6 8.7 834.9 Less current portion (3.1 ) — (3.1 ) (5.9 ) — (5.9 ) Total debt less current portion $ 832.5 $ 8.2 $ 824.3 $ 837.7 $ 8.7 $ 829.0

Net Loss Per Share and Shareh_2

Net Loss Per Share and Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2019
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 per share ("EPS") computations: Three Months Ended March 31, 2019 2018 (in millions, except common share and per common share amounts) Numerator: Net earnings from continuing operations $ 9.2 $ 6.5 Denominator: Denominator for basic EPS–weighted-average common shares 69,996,588 69,215,457 Dilutive effect of stock-based compensation arrangements 1,176,893 2,307,869 Denominator for diluted EPS–adjusted weighted-average common shares 71,173,481 71,523,326 Basic EPS from continuing operations $ 0.13 $ 0.09 Diluted EPS from continuing operations $ 0.13 $ 0.09

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
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, interest rate swaps and cross-currency interest rate swaps designated as cash flow hedges on the Company’s Condensed Consolidated Financial Statements for the three months ended March 31, 2019 and 2018 : 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, 2019 Foreign exchange contracts $ 0.3 $ — Interest rate swaps $ (3.5 ) $ 0.5 Cross-currency interest rate swaps $ 2.3 $ 0.5 Three Months Ended March 31, 2018 Foreign exchange contracts $ (0.2 ) $ — Interest rate swaps $ 5.8 $ —
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, 2019 and December 31, 2018 were as follows: Balance Sheet Location Total Level 1 Level 2 Level 3 (in millions) March 31, 2019 Foreign currency forward contracts (asset position) Prepaid and other current assets $ 0.2 $ — $ 0.2 $ — Interest rate swap agreements (asset position) Prepaid and other current assets $ 1.3 $ — $ 1.3 $ — Interest rate swap agreements (liability position) Other current liabilities $ 0.1 $ — $ 0.1 $ — Cross-currency interest rate swap agreements (asset position) Prepaid and other current assets $ 2.1 $ — $ 2.1 $ — Cross-currency interest rate swap agreements (asset position) Other noncurrent assets $ 0.1 $ — $ 0.1 $ — Cross-currency interest rate swap agreements (liability position) Other current liabilities $ 0.4 $ — $ 0.4 $ — Cross-currency interest rate swap agreements (liability position) Other noncurrent accrued liabilities $ 0.9 $ — $ 0.9 $ — December 31, 2018 Interest rate swap agreements (asset position) Prepaid and other current assets $ 1.9 $ — $ 1.9 $ — Cross-currency interest rate swap agreements (asset position) Prepaid and other current assets $ 1.9 $ — $ 1.9 $ — Interest rate swap agreements (asset position) Other noncurrent assets $ 2.5 $ — $ 2.5 $ — Cross-currency interest rate swap agreements (liability position) Other current liabilities $ 0.3 $ — $ 0.3 $ — Cross-currency interest rate swap agreements (liability position) Other noncurrent accrued liabilities $ 2.1 $ — $ 2.1 $ —

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2019
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 loss: Foreign Currency Translation Unrecognized Post- Retirement Plan Losses Derivative Financial Instruments Total (in millions) 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 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 ) Balance at December 31, 2018 $ (132.5 ) $ (5.2 ) $ 2.8 $ (134.9 ) Other comprehensive income (loss) before reclassifications 11.1 — (0.8 ) 10.3 Amounts reclassified from accumulated other comprehensive loss — 0.1 (0.8 ) (0.7 ) Other comprehensive income (loss) 11.1 0.1 (1.6 ) 9.6 Balance at March 31, 2019 $ (121.4 ) $ (5.1 ) $ 1.2 $ (125.3 )
Reclassifications out of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the reclassifications out of accumulated other comprehensive loss during the three months ended March 31, 2019 and 2018 : Classification Three Months Ended March 31, of Expense 2019 2018 (in millions) Unrealized pension and post-retirement obligations: Adjustment of pension and post-retirement obligations (a) $ (0.1 ) $ (0.1 ) Tax benefit (c) — — Adjustment of pension and post-retirement obligations, net of tax (0.1 ) (0.1 ) Derivative financial instruments: Loss on derivative financial instruments (b) 1.0 — Tax benefit (c) (0.2 ) — Loss on derivative financial instruments, net of tax 0.8 — Total reclassifications from accumulated other comprehensive loss $ 0.7 $ (0.1 ) (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) Amount is included in cost of sales and (gain) loss on currency translation in the Company's Condensed Consolidated Statements of Operations. (c) 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, 2019
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, 2019 2018 (in millions) Balance at beginning of period $ 8.7 $ 9.7 Warranty expense 2.5 3.9 Warranty claims paid (3.3 ) (3.7 ) Foreign currency translation adjustments 0.1 0.1 Balance at end of period $ 8.0 $ 10.0

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Supplemental Cash Flow Information	Supplemental cash flow information for the three months ended March 31, 2019 are as follows (in millions): Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3.0 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 3.5
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases at March 31, 2019 are as follows (in millions, except remaining lease term and discount rate): Operating Leases: Operating lease right-of-use assets $ 34.2 Other current liabilities $ 7.9 Operating lease liabilities 26.4 Total operating lease liabilities $ 34.3 Weighted-Average Remaining Lease Term (in years): Operating leases 6.56 Weighted-Average Discount Rate: Operating leases 5.16%
Maturities of Operating Leases	At March 31, 2019, the maturities of operating lease liabilities are as follows (in millions): 2019 (excluding the three months ended March 31, 2019) $ 7.8 2020 8.5 2021 6.5 2022 4.9 2023 3.8 Thereafter 11.8 Total lease payments 43.3 Less: Imputed interest (9.0 ) Total $ 34.3
Future Minimum Lease Commitments	At December 31, 2018, future minimum lease commitments under non-cancelable operating leases as determined prior to the adoption of ASC 842 were as follows (in millions): 2019 $ 8.9 2020 6.2 2021 4.4 2022 3.5 2023 2.5 Thereafter 2.9 Future minimum leas commitments $ 28.4

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Business Segment Information	The following table summarizes total assets by segment: March 31, 2019 December 31, (in millions) Advanced Plastic Processing Technologies $ 492.6 $ 482.3 Melt Delivery and Control Systems 1,054.1 1,030.6 Fluid Technologies 149.3 145.3 Corporate 48.3 74.3 Total assets $ 1,744.3 $ 1,732.5 The following table summarizes long-lived assets, net by segment: March 31, 2019 December 31, (in millions) Advanced Plastic Processing Technologies $ 98.2 $ 82.1 Melt Delivery and Control Systems 113.4 109.6 Fluid Technologies 23.3 17.7 Corporate 7.5 6.3 Total long-lived assets, net $ 242.4 $ 215.7 The following tables summarize segment information: Three Months Ended March 31, 2019 2018 (in millions) Net sales to external customers: Advanced Plastic Processing Technologies $ 119.4 $ 140.3 Melt Delivery and Control Systems 100.0 116.5 Fluid Technologies 29.3 32.0 Total net sales to external customers $ 248.7 $ 288.8 Three Months Ended March 31, 2019 2018 (in millions) Operating earnings (loss): Advanced Plastic Processing Technologies $ 12.1 $ 2.7 Melt Delivery and Control Systems 18.4 26.7 Fluid Technologies 5.4 6.0 Corporate (10.0 ) (12.2 ) Total operating earnings $ 25.9 $ 23.2 Capital expenditures: Advanced Plastic Processing Technologies $ 6.3 $ 2.2 Melt Delivery and Control Systems 11.0 4.1 Fluid Technologies 0.7 0.6 Corporate — 0.3 Total capital expenditures $ 18.0 $ 7.2 Depreciation and amortization: Advanced Plastic Processing Technologies $ 2.7 $ 3.3 Melt Delivery and Control Systems 7.8 8.5 Fluid Technologies 1.0 1.1 Corporate 0.4 0.3 Total depreciation and amortization $ 11.9 $ 13.2
Net Sales to External Customers, by Geographic Region	Three Months Ended March 31, 2019 2018 (in millions) Net sales to external customers: United States $ 103.0 $ 108.4 China 24.4 39.9 India 36.4 35.5 Rest of World 84.9 105.0 Total net sales to external customers $ 248.7 $ 288.8
Long-lived Assets, by Geographic Region	March 31, 2019 December 31, 2018 (in millions) Long-lived assets, net: United States $ 76.5 $ 63.3 China 53.0 48.4 India 42.0 37.9 Czech Republic 18.9 18.7 Canada 26.9 29.0 Rest of World 25.1 18.4 Total long-lived assets, net $ 242.4 $ 215.7

Discontinued Operations - Asset

Discontinued Operations - Assets and Liabilities Classified as Held For Sale (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	$ 65	$ 36.9
Noncurrent assets held for sale	0	27
Current liabilities held for sale	15.8	14.9
Blow Molding Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	8.8	6.5
Inventories, net:	18.7	19.3
Prepaid and other current assets	1	1.5
Property and equipment, net	16.4	0
Operating lease right-of-use assets	1.2	0
Goodwill	0.6	0
Intangible assets, net	0.8	0
Current assets held for sale	47.5	27.3
Property and equipment, net	0	25.3
Goodwill	0	0.6
Intangible assets, net	0	1.1
Noncurrent assets held for sale	0	27
Accounts payable	5.3	6.1
Advanced billings and deposits	6.1	5.6
Accrued salaries, wages and other compensation	1.5	1.9
Other current liabilities	1.7	1.3
Operating lease liabilities	1.2	0
Current liabilities held for sale	$ 15.8	$ 14.9

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Blow Molding Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Adjustment to write-down net book value of facility	$ 8.5

Discontinued Operations - Conso

Discontinued Operations - Consolidation of Captions within Statements of Operation for Loss from Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Loss from discontinued operations attributable to blow molding business
Loss from discontinued operations	$ (10)	$ (0.6)
Blow Molding Business | Discontinued Operations, Held-for-sale
Loss from discontinued operations attributable to blow molding business
Net sales	21.5	21.6
Cost of sales	18.7	17.6
Selling, general and administrative expenses	3.1	4
Amortization expense	0.4	0.5
Gain on currency translation	0	(0.5)
Other expense	8.9	0.1
Pretax loss of discontinued operations	(9.6)	(0.1)
Income tax expense	0.4	0.5
Loss from discontinued operations	$ (10)	$ (0.6)

Revenue - Schedule of disaggreg

Revenue - Schedule of disaggregated revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	$ 248.7	$ 288.8
Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	119.4	140.3
Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	100	116.5
Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	29.3	32
North America
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	122.9	128.9
North America | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	74.1	80.3
North America | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	36.2	35.8
North America | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	12.6	12.8
Europe
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	45.9	62.4
Europe | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	6.2	16.6
Europe | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	28.3	33.2
Europe | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	11.4	12.6
China
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	24.4	39.9
China | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0.9	5
China | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	21	32.1
China | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	2.5	2.8
India
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	36.4	35.5
India | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	32.3	31.4
India | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	3.9	3.8
India | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0.2	0.3
Other
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	19.1	22.1
Other | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	5.9	7
Other | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	10.6	11.6
Other | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	2.6	3.5
Automotive
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	52.9	57.5
Automotive | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	23.4	21.6
Automotive | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	23.3	29.1
Automotive | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	6.2	6.8
Packaging
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	25.5	34.7
Packaging | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	13.7	22.6
Packaging | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	11.8	12
Packaging | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0	0.1
Consumer goods
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	35.2	38.1
Consumer goods | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	16.2	14.9
Consumer goods | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	17.6	21.8
Consumer goods | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	1.4	1.4
Electronics
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	13.8	22.2
Electronics | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	8	11.3
Electronics | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	4.8	9.1
Electronics | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	1	1.8
Medical
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	14.9	12.1
Medical | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	6.6	4.3
Medical | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	8.1	7.6
Medical | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0.2	0.2
Construction
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	20.4	25.7
Construction | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	20	25.3
Construction | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0.4	0.4
Construction | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0	0
Custom molders and other
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	31.4	40.1
Custom molders and other | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	31.4	40.1
Custom molders and other | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0	0
Custom molders and other | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0	0
Mold makers and other
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	30.8	34
Mold makers and other | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0	0
Mold makers and other | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	30.8	34
Mold makers and other | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0	0
Job shops and other
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	9.1	8.9
Job shops and other | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0	0
Job shops and other | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0	0
Job shops and other | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	9.1	8.9
Distributors
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	14.7	15.5
Distributors | Advanced Plastic Processing Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	0.1	0.2
Distributors | Melt Delivery and Control Systems
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	3.2	2.5
Distributors | Fluid Technologies
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	$ 11.4	$ 12.8

Revenue - Schedule of contract

Revenue - Schedule of contract liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Change in Contract with Customer, Liability [Roll Forward]
Balance at beginning of period	$ 38.9	$ 52.4
Additional advanced billings and deposits received	71.8	93.3
Revenue recognized	(66.5)	(80.5)
Foreign currency translation adjustments and other	(0.6)	(0.5)
Balance at end of period	$ 43.6	$ 64.7

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill, by Reportable Segment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Goodwill [Line Items]
Goodwill impairment	$ 0	$ 0
Goodwill [Roll Forward]
Balance	513,200,000
Foreign currency translation adjustments	7,100,000
Balance	520,300,000
Corporate [Member]
Goodwill [Roll Forward]
Balance	0
Foreign currency translation adjustments	0
Balance	0
Advanced Plastic Processing Technologies | Segments [Member]
Goodwill [Roll Forward]
Balance	35,000,000
Foreign currency translation adjustments	0
Balance	35,000,000
Melt Delivery and Control Systems | Segments [Member]
Goodwill [Roll Forward]
Balance	431,300,000
Foreign currency translation adjustments	7,100,000
Balance	438,400,000
Fluid Technologies | Segments [Member]
Goodwill [Roll Forward]
Balance	46,900,000
Foreign currency translation adjustments	0
Balance	$ 46,900,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 363.7		$ 360.3
Accumulated Amortization	210.2		203.3
Net Amount	153.5		157
Indefinite-lived Intangible Assets [Line Items]
Gross Amount	501.2		496
Accumulated Amortization	210.2		203.3
Net Amount	291		292.7
Amortization of intangible assets	5.6	$ 6.3
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	36.2		35.7
Accumulated Amortization	20.5		19.6
Net Amount	15.7		16.1
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	20.5		19.6
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	112.4		110.9
Accumulated Amortization	55.8		53
Net Amount	56.6		57.9
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	55.8		53
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	215.1		213.7
Accumulated Amortization	133.9		130.7
Net Amount	81.2		83
Indefinite-lived Intangible Assets [Line Items]
Accumulated Amortization	133.9		130.7
Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks, not subject to amortization	$ 137.5		$ 135.7

Income Taxes (Details)

Income Taxes (Details) $ in Millions	Dec. 31, 2018USD ($)
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 107.3

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Principal	$ 835.6	$ 843.6
Unamortized Discount and Debt Issuance Costs	8.2	8.7
Net	827.4	834.9
Principal, Current portion	(3.1)	(5.9)
Unamortized Discount and Debt Issuance Costs, Current portion	0	0
Net, Current portion	(3.1)	(5.9)
Principal, Net	832.5	837.7
Unamortized Discount and Debt Issuance Costs, Net	8.2	8.7
Net	824.3	829
Secured Debt [Member] | Senior Secured Term Loan Facility Due September 2023 [Member]
Debt Instrument [Line Items]
Principal	832.5	837.5
Unamortized Discount and Debt Issuance Costs	8.2	8.7
Net	824.3	828.8
Line of Credit [Member] | Other Lines of Credit [Member]
Debt Instrument [Line Items]
Principal	3.1	5.8
Unamortized Discount and Debt Issuance Costs	0	0
Net	3.1	5.8
Capital Lease Obligations and Other [Member]
Debt Instrument [Line Items]
Principal	0	0.3
Unamortized Discount and Debt Issuance Costs	0	0
Net	$ 0	$ 0.3

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Millions	Feb. 28, 2018	Mar. 31, 2019	Mar. 31, 2018
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt		$ 0	$ (0.3)
Senior Secured Term Loan Facility Due September 2023 [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Early Repayment of Senior Debt	$ 25
Gain (Loss) on Extinguishment of Debt [Member]
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt			$ (0.3)

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - Pension Plan [Member] $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)plan	Mar. 31, 2018USD ($)
Other Nonoperating Income (Expense) [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension expense | $	$ 0.2	$ 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
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 Shareh_3

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, 2019	Mar. 31, 2018
Numerator:
Net earnings from continuing operations	$ (0.8)	$ 5.9
Net earnings from continuing operations	$ 9.2	$ 6.5
Denominator:
Denominator for basic EPS–weighted-average common shares (in shares)	69,996,588	69,215,457
Dilutive effect of stock-based compensation arrangements (in shares)	1,176,893	2,307,869
Denominator for diluted EPS–adjusted weighted-average common shares (in shares)	71,173,481	71,523,326
Basic EPS (in dollars per share)	$ (0.01)	$ 0.08
Diluted EPS (in dollars per share)	$ (0.01)	$ 0.08

Net Loss Per Share and Shareh_4

Net Loss Per Share and Shareholders' Equity - Additional Information (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Performance-based Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the diluted EPS calculation (in shares)	500,000	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)	1,100,000	900,000

Stock-based Compensation (Detai

Stock-based Compensation (Details) - 2015 Equity Incentive Plan [Member] - shares	Mar. 01, 2019	Mar. 31, 2019
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, granted (in shares)	800,000
Performance-based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, granted (in shares)	300,000
Award vesting period		3 years
Minimum | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period from public disclosure in 2016 of financial results for fiscal year 2015 to vesting date		2 years
Minimum | Performance-based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage of award		50.00%
Maximum | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period from public disclosure in 2016 of financial results for fiscal year 2015 to vesting date		3 years
Maximum | Performance-based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage of award		200.00%

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Feb. 15, 2017
Derivative [Line Items]
Gain (loss) on cash flow hedge ineffectiveness, net		$ 0.1
Foreign Currency Forward [Member]
Derivative [Line Items]
Notional amounts	$ 34.3
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
Interest Rate Swap [Member]
Derivative [Line Items]
Notional amounts			$ 400
Gain (loss) reclassified from AOCI into income (effective portion)	(0.5)	$ 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	$ 0.2

Derivative Financial Instrume_4

Derivative Financial Instruments - Effect of Designated Cash Flow Hedges on the Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Foreign Currency Forward [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$ 0.3	$ (0.2)
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)	(3.5)	5.8
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	0.5	$ 0
Cross Currency Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	2.3
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ 0.5

Derivative Financial Instrume_5

Derivative Financial Instruments - Derivative Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
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	$ 1.3	$ 1.9
Interest Rate Swap [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset		2.5
Interest Rate Swap [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0.1
Cross Currency Interest Rate Contract [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	2.1	1.9
Cross Currency Interest Rate Contract [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0.1
Cross Currency Interest Rate Contract [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0.4	0.3
Cross Currency Interest Rate Contract [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0.9	2.1
Foreign Currency Forward [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0.2
Derivative Liability	0.2
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	0
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
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
Level 1 [Member] | Cross Currency Interest Rate Contract [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Level 1 [Member] | Cross Currency Interest Rate Contract [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
Level 1 [Member] | Cross Currency Interest Rate Contract [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	0
Level 1 [Member] | Cross Currency Interest Rate Contract [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	0
Level 1 [Member] | Foreign Currency Forward [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
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	1.3	1.9
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		2.5
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	0.1
Level 2 [Member] | Cross Currency Interest Rate Contract [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	2.1	1.9
Level 2 [Member] | Cross Currency Interest Rate Contract [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0.1
Level 2 [Member] | Cross Currency Interest Rate Contract [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0.4	0.3
Level 2 [Member] | Cross Currency Interest Rate Contract [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0.9	2.1
Level 2 [Member] | Foreign Currency Forward [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0.2
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
Derivative Liability		0
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 Liability		0
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
Level 3 [Member] | Cross Currency Interest Rate Contract [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0	0
Level 3 [Member] | Cross Currency Interest Rate Contract [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	0
Level 3 [Member] | Cross Currency Interest Rate Contract [Member] | Other current liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	0
Level 3 [Member] | Cross Currency Interest Rate Contract [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	$ 0
Level 3 [Member] | Foreign Currency Forward [Member] | Prepaid Expenses and Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 526.8
Total other comprehensive income, net of tax	9.6	$ 31
Balance	537
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(134.9)	(85.4)
Other comprehensive income (loss) before reclassifications	10.3	30.9
Amounts reclassified from accumulated other comprehensive loss	(0.7)	0.1
Total other comprehensive income, net of tax	9.6	31
Balance	(125.3)	(54.4)
Foreign Currency Translation [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(132.5)	(78.3)
Other comprehensive income (loss) before reclassifications	11.1	26.6
Amounts reclassified from accumulated other comprehensive loss	0	0
Total other comprehensive income, net of tax	11.1	26.6
Balance	(121.4)	(51.7)
Unrecognized Post- Retirement Plan Losses [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(5.2)	(7.2)
Other comprehensive income (loss) before reclassifications	0	(0.1)
Amounts reclassified from accumulated other comprehensive loss	0.1	0.1
Total other comprehensive income, net of tax	0.1	0
Balance	(5.1)	(7.2)
Derivative Financial Instruments [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	2.8	0.1
Other comprehensive income (loss) before reclassifications	(0.8)	4.4
Amounts reclassified from accumulated other comprehensive loss	(0.8)	0
Total other comprehensive income, net of tax	(1.6)	4.4
Balance	$ 1.2	$ 4.5

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative financial instruments:
Tax benefit	$ (7)	$ (5.4)
Total reclassifications from accumulated other comprehensive income (loss)	0.7	(0.1)
Other non-operating expenses	0.2	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	0.1
Other non-operating expenses	0.1	0.1
Derivative Financial Instruments [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Derivative financial instruments:
Tax benefit	(0.2)	0
Total reclassifications from accumulated other comprehensive income (loss)	(0.8)	0
Cost of Goods and Services Sold and Foreign Currency Transaction Gain (Loss), before Tax	$ (1)	$ 0

Warranty Reserves (Details)

Warranty Reserves (Details) - Other current liabilities [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance	$ 8.7	$ 9.7
Warranty expense	2.5	3.9
Warranty claims paid	(3.3)	(3.7)
Foreign currency translation adjustments	0.1	0.1
Balance	$ 8	$ 10

Restructuring Reserves (Details

Restructuring Reserves (Details) € in Millions, $ in Millions	Jan. 31, 2019USD ($)	Jan. 31, 2019EUR (€)	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Restructuring Cost and Reserve [Line Items]
Payments to Acquire Productive Assets	$ 7.8	€ 6.8	$ 18	$ 7.2
Assets Held-for-sale, Not Part of Disposal Group, Current			8
Assets held-for-sale, not part of disposal group, current			0.2	8
2016 Restructuring Actions [Member] | Other current liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Liability, severance-related actions					$ 8.3
2016 Restructuring Actions [Member] | Other expense, net [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense				$ 6.4
Facility In Malterdngen, Germany
Restructuring Cost and Reserve [Line Items]
Assets Held-for-sale, Not Part of Disposal Group, Current			$ 9.5		$ 9.5

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Option to extend, term	20 years
Operating lease expense	$ 3
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	13 years

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 3
Right-of-use assets obtained in exchange for lease obligations:
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 3.5

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease right-of-use assets	$ 34.2	$ 0
Operating Lease, Liability, Current	7.9
Operating lease liabilities	26.4	$ 0
Total	$ 34.3
Operating Lease, Weighted Average Remaining Lease Term	6 years 6 months 22 days
Operating Lease, Weighted Average Discount Rate, Percent	5.16%

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Operating Lease Liabilities, Payments Due [Abstract]
2019 (excluding the three months ended March 31, 2019)	$ 7.8
2020	8.5
2021	6.5
2022	4.9
2023	3.8
Thereafter	11.8
Total lease payments	43.3
Less: Imputed interest	(9)
Total	$ 34.3
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2019		$ 8.9
2020		6.2
2021		4.4
2022		3.5
2023		2.5
Thereafter		2.9
Future minimum leas commitments		$ 28.4

Business Segment Information -

Business Segment Information - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	3
Operating loss	$ (25.9)	$ (23.2)
Segments [Member] | Melt Delivery and Control Systems
Segment Reporting Information [Line Items]
Operating loss	$ (18.4)	$ (26.7)

Business Segment Information _2

Business Segment Information - Business Segment Information (Details) € in Millions, $ in Millions	Jan. 31, 2019USD ($)	Jan. 31, 2019EUR (€)	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Total assets			$ 1,744.3		$ 1,732.5
Total long-lived assets including right of use assets, net			242.4
Total long-lived assets, net			208.2		215.7
Net sales			248.7	$ 288.8
Total operating earnings			25.9	23.2
Total capital expenditures	$ 7.8	€ 6.8	18	7.2
Total depreciation and amortization			11.9	13.2
Corporate [Member]
Segment Reporting Information [Line Items]
Total assets			48.3		74.3
Total long-lived assets including right of use assets, net			7.5
Total long-lived assets, net					6.3
Total operating earnings			(10)	(12.2)
Total capital expenditures			0	0.3
Total depreciation and amortization			0.4	0.3
Advanced Plastic Processing Technologies
Segment Reporting Information [Line Items]
Net sales			119.4	140.3
Advanced Plastic Processing Technologies | Segments [Member]
Segment Reporting Information [Line Items]
Total assets			492.6		482.3
Total long-lived assets including right of use assets, net			98.2
Total long-lived assets, net					82.1
Net sales			119.4	140.3
Total operating earnings			12.1	2.7
Total capital expenditures			6.3	2.2
Total depreciation and amortization			2.7	3.3
Melt Delivery and Control Systems
Segment Reporting Information [Line Items]
Net sales			100	116.5
Melt Delivery and Control Systems | Segments [Member]
Segment Reporting Information [Line Items]
Total assets			1,054.1		1,030.6
Total long-lived assets including right of use assets, net			113.4
Total long-lived assets, net					109.6
Net sales			100	116.5
Total operating earnings			18.4	26.7
Total capital expenditures			11	4.1
Total depreciation and amortization			7.8	8.5
Fluid Technologies
Segment Reporting Information [Line Items]
Net sales			29.3	32
Fluid Technologies | Segments [Member]
Segment Reporting Information [Line Items]
Total assets			149.3		145.3
Total long-lived assets including right of use assets, net			23.3
Total long-lived assets, net					$ 17.7
Net sales			29.3	32
Total operating earnings			5.4	6
Total capital expenditures			0.7	0.6
Total depreciation and amortization			$ 1	$ 1.1

Business Segment Information _3

Business Segment Information - Net Sales to External Customers and Long-lived Assets, by Geographic Region (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 248.7	$ 288.8
Total long-lived assets, net	208.2		$ 215.7
Total long-lived assets including right of use assets, net	242.4
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	103	108.4
Total long-lived assets, net			63.3
Total long-lived assets including right of use assets, net	76.5
CZECH REPUBLIC
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets, net			18.7
Total long-lived assets including right of use assets, net	18.9
CANADA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets, net			29
Total long-lived assets including right of use assets, net	26.9
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	24.4	39.9
Total long-lived assets, net			48.4
Total long-lived assets including right of use assets, net	53
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	36.4	35.5
Total long-lived assets, net			37.9
Total long-lived assets including right of use assets, net	42
Rest of World [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	84.9	$ 105
Total long-lived assets, net			$ 18.4
Total long-lived assets including right of use assets, net	$ 25.1

Uncategorized Items - mcrn-2019

Label	Element	Value
Accounting Standards Update 2016-02 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 500,000
Accounting Standards Update 2016-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 500,000