nVent Electric (NVT) 10-Q 29 Apr 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page	3 Months Ended
	Mar. 31, 2020shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-38265
Entity Registrant Name	nVent Electric plc
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-1391970
Entity Address, Address Line One	The Mille, 1000 Great West Road, 8th Floor (East)
Entity Address, City or Town	London
Entity Address, Postal Zip Code	TW8 9DW
Entity Address, Country	GB
Country Region	44
City Area Code	20
Local Phone Number	3966-0279
Title of 12(b) Security	Ordinary Shares, nominal value $0.01 per share
Trading Symbol	NVT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	169,849,544
Entity Central Index Key	0001720635
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated and Comb

Condensed Consolidated and Combined Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net sales	$ 520.9	$ 538
Cost of goods sold	325.6	328.1
Gross profit	195.3	209.9
Selling, general and administrative	123.1	120.1
Research and development	11.9	12.3
Operating income	60.3	77.5
Net interest expense	9.9	10.5
Other expense	0.8	0.9
Income before income taxes	49.6	66.1
Provision for income taxes	31	9.7
Net income	18.6	56.4
Comprehensive income, net of tax
Net income	18.6	56.4
Changes in cumulative translation adjustment	(23.5)	3
Changes in market value of derivative financial instruments, net of tax	17	(6.2)
Comprehensive income	$ 12.1	$ 53.2
Earnings per ordinary share
Basic pro forma earnings per ordinary share (in dollars per share)	$ 0.11	$ 0.32
Diluted pro forma earnings per ordinary share (in dollars per share)	$ 0.11	$ 0.32
Weighted average ordinary shares outstanding
Basic (shares)	169.8	176.5
Diluted (shares)	171	178.2
Cash dividends paid per ordinary share (in usd per share)	$ 0.175	$ 0.175

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 187.9	$ 106.4
Accounts and notes receivable, net of allowances of $5.7 and $5.4, respectively	333.1	334.3
Inventories	249	244.7
Other current assets	115.8	113.3
Total current assets	885.8	798.7
Property, plant and equipment, net	278.6	284.5
Other assets
Goodwill	2,290.8	2,279.1
Intangibles, net	1,154.4	1,160.5
Other non-current assets	120.6	117.5
Total other assets	3,565.8	3,557.1
Total assets	4,730.2	4,640.3
Current liabilities
Current maturities of long-term debt and short-term borrowings	18.8	17.5
Accounts payable	150.9	187.1
Employee compensation and benefits	60.9	71.9
Other current liabilities	178.6	185.7
Total current liabilities	409.2	462.2
Other liabilities
Long-term debt	1,192.4	1,047.1
Pension and other post-retirement compensation and benefits	208.2	207.2
Deferred tax liabilities	254	237.8
Other non-current liabilities	89.8	93.5
Total liabilities	2,153.6	2,047.8
Equity
Ordinary shares $0.01 par value, 400.0 authorized, 169.8 and 169.5 issued at March 31, 2020 and December 31, 2019, respectively	1.7	1.7
Additional paid-in capital	2,504.5	2,502.7
Retained earnings	175.5	186.7
Accumulated other comprehensive loss	(105.1)	(98.6)
Total equity	2,576.6	2,592.5
Total liabilities and equity	$ 4,730.2	$ 4,640.3

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accounts and notes receivable, allowances	$ 5.7	$ 5.4
Ordinary shares, par value (in dollars per share)	$ 0.01
Ordinary shares authorized (in shares)	400,000,000
Ordinary shares issued (in shares)	169,800,000	177,200,000

Condensed Consolidated and Co_2

Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net income	$ 18.6	$ 56.4
Adjustments to reconcile net income to net cash provided by (used for) operating activities
Depreciation	9.6	8.4
Amortization	16	15.1
Deferred income taxes	26	(2.1)
Share-based compensation	1.9	4.3
Changes in assets and liabilities, net of effects of business acquisitions
Accounts and notes receivable	(2.6)	(1.5)
Inventories	(6.1)	(16.8)
Other current assets	(5.7)	(8.8)
Accounts payable	(33.3)	(40.8)
Employee compensation and benefits	(9.3)	(11.2)
Other current liabilities	(8.6)	(2.5)
Other non-current assets and liabilities	0.2	(13.6)
Net cash provided by (used for) operating activities	6.7	(13.1)
Investing activities
Capital expenditures	(10.2)	(9.2)
Proceeds from sale of property and equipment	1.1	6
Acquisitions, net of cash acquired	(27)	0
Net cash provided by (used for) investing activities	(36.1)	(3.2)
Financing activities
Net receipts of revolving long-term debt	150	0
Repayments of long-term debt	(3.8)	(2.5)
Dividends paid	(29.7)	(31)
Shares issued to employees, net of shares withheld	3	1
Repurchases of ordinary shares	(3.2)	(76.1)
Net cash provided by (used for) financing activities	116.3	(108.6)
Effect of exchange rate changes on cash and cash equivalents	(5.4)	(1.5)
Change in cash and cash equivalents	81.5	(126.4)
Cash and cash equivalents, beginning of period	106.4	159
Cash and cash equivalents, end of period	$ 187.9	$ 32.6

Condensed Consolidated and Co_3

Condensed Consolidated and Combined Statements of Changes in Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Ordinary shares	Additional paid-in capital	Retained earnings	Accumulated other comprehensive loss
Beginning balance (in shares) at Dec. 31, 2018		177.2
Beginning balance at Dec. 31, 2018	$ 2,687.1	$ 1.8	$ 2,709.7	$ 83.4	$ (107.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	56.4			56.4
Other comprehensive income (loss), net of tax	(3.2)				(3.2)
Dividends declared	$ (30.6)			(30.6)
Share repurchases (in shares)	(3)	(3)
Share repurchases	$ (79.9)	$ (0.1)	(79.8)
Exercise of options, net of shares tendered for payment (in shares)		0.3
Exercise of options, net of shares tendered for payment	$ 3.6		3.6
Issuance of restricted shares, net of cancellations	0	0.3
Shares surrendered by employees to pay taxes	$ (2.6)	$ (0.1)	(2.6)
Share-based compensation	4.3		4.3
Ending balance (in shares) at Mar. 31, 2019		174.7
Ending balance at Mar. 31, 2019	2,635.1	$ 1.7	2,635.2	109.2	(111)
Beginning balance (in shares) at Dec. 31, 2019		169.5
Beginning balance at Dec. 31, 2019	2,592.5	$ 1.7	2,502.7	186.7	(98.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18.6			18.6
Other comprehensive income (loss), net of tax	(6.5)				(6.5)
Dividends declared	$ (29.8)			(29.8)
Share repurchases (in shares)	(0.2)	(0.2)
Share repurchases	$ (3.2)	$ 0	(3.2)
Exercise of options, net of shares tendered for payment (in shares)		0.3
Exercise of options, net of shares tendered for payment	$ 6.4		6.4
Issuance of restricted shares, net of cancellations	0	0.3
Shares surrendered by employees to pay taxes	$ (3.3)	$ (0.1)	(3.3)
Share-based compensation	1.9		1.9
Ending balance (in shares) at Mar. 31, 2020		169.8
Ending balance at Mar. 31, 2020	$ 2,576.6	$ 1.7	$ 2,504.5	$ 175.5	$ (105.1)

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	3 Months Ended
	Mar. 31, 2020
Disclosure Supplemental Balance Sheet Information [Abstract]
Supplemental Balance Sheet Information	In millions March 31, December 31, Inventories Raw materials and supplies $ 71.6 $ 67.1 Work-in-process 27.6 25.6 Finished goods 149.8 152.0 Total inventories $ 249.0 $ 244.7 Other current assets Contract assets $ 61.1 $ 69.4 Prepaid expenses 37.0 32.5 Prepaid income taxes 15.3 9.0 Other current assets 2.4 2.4 Total other current assets $ 115.8 $ 113.3 Property, plant and equipment, net Land and land improvements $ 39.6 $ 40.6 Buildings and leasehold improvements 176.1 181.6 Machinery and equipment 444.0 440.4 Construction in progress 16.6 16.5 Total property, plant and equipment 676.3 679.1 Accumulated depreciation and amortization 397.7 394.6 Total property, plant and equipment, net $ 278.6 $ 284.5 Other non-current assets Deferred compensation plan assets $ 13.8 $ 17.3 Lease right-of-use assets 43.9 44.2 Deferred tax assets 30.8 40.9 Other non-current assets 32.1 15.1 Total other non-current assets $ 120.6 $ 117.5 Other current liabilities Dividends payable $ 29.7 $ 29.7 Accrued rebates 31.8 44.1 Contract liabilities 14.6 13.7 Accrued taxes payable 18.9 24.8 Current lease liabilities 14.5 14.7 Other current liabilities 69.1 58.7 Total other current liabilities $ 178.6 $ 185.7 Other non-current liabilities Income taxes payable $ 34.5 $ 31.9 Deferred compensation plan liabilities 13.8 17.3 Non-current lease liabilities 33.6 33.7 Other non-current liabilities 7.9 10.6 Total other non-current liabilities $ 89.8 $ 93.5

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	3 Months Ended
	Mar. 31, 2020
Disclosure Supplemental Balance Sheet Information [Abstract]
Supplemental Balance Sheet Information	In millions March 31, December 31, Inventories Raw materials and supplies $ 71.6 $ 67.1 Work-in-process 27.6 25.6 Finished goods 149.8 152.0 Total inventories $ 249.0 $ 244.7 Other current assets Contract assets $ 61.1 $ 69.4 Prepaid expenses 37.0 32.5 Prepaid income taxes 15.3 9.0 Other current assets 2.4 2.4 Total other current assets $ 115.8 $ 113.3 Property, plant and equipment, net Land and land improvements $ 39.6 $ 40.6 Buildings and leasehold improvements 176.1 181.6 Machinery and equipment 444.0 440.4 Construction in progress 16.6 16.5 Total property, plant and equipment 676.3 679.1 Accumulated depreciation and amortization 397.7 394.6 Total property, plant and equipment, net $ 278.6 $ 284.5 Other non-current assets Deferred compensation plan assets $ 13.8 $ 17.3 Lease right-of-use assets 43.9 44.2 Deferred tax assets 30.8 40.9 Other non-current assets 32.1 15.1 Total other non-current assets $ 120.6 $ 117.5 Other current liabilities Dividends payable $ 29.7 $ 29.7 Accrued rebates 31.8 44.1 Contract liabilities 14.6 13.7 Accrued taxes payable 18.9 24.8 Current lease liabilities 14.5 14.7 Other current liabilities 69.1 58.7 Total other current liabilities $ 178.6 $ 185.7 Other non-current liabilities Income taxes payable $ 34.5 $ 31.9 Deferred compensation plan liabilities 13.8 17.3 Non-current lease liabilities 33.6 33.7 Other non-current liabilities 7.9 10.6 Total other non-current liabilities $ 89.8 $ 93.5

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Inventories
Raw materials and supplies	$ 71.6	$ 67.1
Work-in-process	27.6	25.6
Finished goods	149.8	152
Total inventories	249	244.7
Other current assets
Contract assets	61.1	69.4
Prepaid expenses	37	32.5
Prepaid income taxes	15.3	9
Other current assets	2.4	2.4
Total other current assets	115.8	113.3
Property, plant and equipment, net
Land and land improvements	39.6	40.6
Buildings and leasehold improvements	176.1	181.6
Machinery and equipment	444	440.4
Construction in progress	16.6	16.5
Total property, plant and equipment	676.3	679.1
Accumulated depreciation and amortization	397.7	394.6
Total property, plant and equipment, net	278.6	284.5
Other non-current assets
Deferred compensation plan assets	13.8	17.3
Lease right-of-use assets	43.9	44.2
Deferred tax assets	30.8	40.9
Other non-current assets	32.1	15.1
Total other non-current assets	120.6	117.5
Other current liabilities
Dividends payable	29.7	29.7
Accrued rebates	31.8	44.1
Contract liabilities	14.6	13.7
Accrued taxes payable	18.9	24.8
Current lease liabilities	14.5	14.7
Other current liabilities	69.1	58.7
Total other current liabilities	178.6	185.7
Other non-current liabilities
Income taxes payable	34.5	31.9
Deferred compensation plan liabilities	13.8	17.3
Non-current lease liabilities	33.6	33.7
Other non-current liabilities	7.9	10.6
Total other non-current liabilities	$ 89.8	$ 93.5

Basis of Presentation and Respo

Basis of Presentation and Responsibility for Interim Financial Statements	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation and Responsibility for Interim Financial Statements	Basis of Presentation and Responsibility for Interim Financial Statements Business nVent Electric plc ("nVent," "we," "us," "our" or the "Company") is a leading global provider of electrical connection and protection solutions. The Company is comprised of three reporting segments: Enclosures, Thermal Management and Electrical & Fastening Solutions. The Company was incorporated in Ireland on May 30, 2017. Although our jurisdiction of organization is Ireland, we manage our affairs so that we are centrally managed and controlled in the United Kingdom (the "U.K.") and have tax residency in the U.K. Separation from Pentair On April 30, 2018, Pentair plc ("Pentair" or "former Parent") completed the separation of its Water business and its Electrical business into two independent, publicly-traded companies (the "separation"). To effect the separation, Pentair distributed to its shareholders one ordinary share of nVent for every ordinary share of Pentair held as of the record date of April 17, 2018. As a result of the distribution, nVent is an independent publicly-traded company and began "regular way" trading under the symbol "NVT" on the New York Stock Exchange on May 1, 2018. Basis of presentation The accompanying unaudited condensed consolidated financial statements of nVent have been prepared following the requirements of the Securities and Exchange Commission ("SEC") for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by accounting principles generally accepted in the United States of America ("GAAP") can be condensed or omitted. We are responsible for the unaudited condensed consolidated financial statements included in this document. The financial statements include all normal recurring adjustments that are considered necessary for the fair presentation of our financial position and operating results. As these are condensed financial statements, one should also read our consolidated and combined financial statements and notes thereto, which are included in our Annual Report on Form 10-K Revenues, expenses, cash flows, assets and liabilities can and do vary during each quarter of the year. Additionally, in March 2020, the World Health Organization declared novel coronavirus 2019 (“COVID-19”) a pandemic. The broader implication of COVID-19 on our results of operations and overall financial performance remains uncertain. We may experience constrained supply or reduced customer demand that could materially adversely impact our business, financial condition, results of operations and overall financial performance in future periods. Therefore, the results and trends in these interim financial statements may not be indicative of those for a full year. Adoption of new accounting standards

Revenue

Revenue	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of revenue We disaggregate our revenue from contracts with customers by geographic location and vertical for each of our segments, as we believe these best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Geographic net sales information, based on geographic destination of the sale, was as follows: Three months ended March 31, 2020 In millions Enclosures Thermal Management Electrical & Fastening Solutions Total U.S. and Canada $ 174.1 $ 70.6 $ 102.5 $ 347.2 Developed Europe (1) 61.9 29.6 27.2 118.7 Developing (2) 19.4 16.9 8.7 45.0 Other Developed (3) 3.1 3.4 3.5 10.0 Total $ 258.5 $ 120.5 $ 141.9 $ 520.9 Three months ended March 31, 2019 In millions Enclosures Thermal Management Electrical & Fastening Solutions Total U.S. and Canada $ 180.4 $ 83.9 $ 97.4 $ 361.7 Developed Europe (1) 50.9 35.1 26.6 112.6 Developing (2) 21.7 21.0 10.1 52.8 Other Developed (3) 2.5 5.1 3.3 10.9 Total $ 255.5 $ 145.1 $ 137.4 $ 538.0 (1) Developed Europe includes Western Europe and Eastern Europe included in European Union. (2) Developing includes China, Eastern Europe not included in European Union, Latin America, Middle East and Southeast Asia. (3) Other Developed includes Australia and Japan. Vertical net sales information was as follows: Three months ended March 31, 2020 In millions Enclosures Thermal Management Electrical & Fastening Solutions Total Industrial $ 156.5 $ 46.5 $ 26.0 $ 229.0 Commercial & Residential 31.7 39.8 82.1 153.6 Energy 26.8 32.6 15.0 74.4 Infrastructure 43.5 1.6 18.8 63.9 Total $ 258.5 $ 120.5 $ 141.9 $ 520.9 Three months ended March 31, 2019 In millions Enclosures Thermal Management Electrical & Fastening Solutions Total Industrial $ 155.1 $ 58.7 $ 26.7 $ 240.5 Commercial & Residential 22.6 44.5 79.9 147.0 Energy 25.9 40.1 13.5 79.5 Infrastructure 51.9 1.8 17.3 71.0 Total $ 255.5 $ 145.1 $ 137.4 $ 538.0

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring	During the three months ended March 31, 2020 and the year ended December 31, 2019, we initiated and continued execution of certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. Specifically in the first three months of 2020, the initiatives were executed primarily in response to the decrease in expected demand attributed to the effect of the COVID-19 pandemic and significant decline in oil and gas prices. Initiatives during the three months ended March 31, 2020 included the reduction in hourly and salaried headcount of approximately 100 employees. Restructuring related costs included in Selling, general and administrative expense in the Condensed Consolidated Statements of Income and Comprehensive Income included costs for severance and other restructuring costs as follows: Three months ended In millions March 31, March 31, Severance and related costs $ 3.5 $ 2.8 Other 0.8 0.8 Total restructuring costs $ 4.3 $ 3.6 Other restructuring costs primarily consist of asset impairment and various contract termination costs. Restructuring costs by reportable segment were as follows: Three months ended In millions March 31, March 31, Enclosures $ 3.1 $ — Thermal Management 1.1 2.0 Electrical & Fastening Solutions — 0.9 Other 0.1 0.7 Total $ 4.3 $ 3.6 Activity related to accrued severance and related costs recorded in Other current liabilities in the Condensed Consolidated Balance Sheets is summarized as follows for the three months ended March 31, 2020: In millions March 31, Beginning balance $ 9.5 Costs incurred 3.5 Cash payments and other (3.1) Ending balance $ 9.9

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Basic and diluted earnings per share were calculated as follows: Three months ended In millions, except per-share data March 31, March 31, Net income $ 18.6 $ 56.4 Weighted average ordinary shares outstanding Basic 169.8 176.5 Dilutive impact of stock options, restricted stock units and performance share units 1.2 1.7 Diluted 171.0 178.2 Earnings per ordinary share Basic earnings per ordinary share $ 0.11 $ 0.32 Diluted earnings per ordinary share $ 0.11 $ 0.32 Anti-dilutive stock options excluded from the calculation of diluted earnings per share 2.9 1.9

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Acquisitions	On August 30, 2019, we completed the acquisition of Eldon Holding AB ("Eldon") for $127.8 million, net of cash acquired. Eldon, now part of our Enclosures segment, is an innovative European based manufacturer of enclosures that protect sensitive electrical, electronic and data and telecommunications components. The excess purchase price over tangible net assets and identified intangible assets acquired has been preliminarily allocated to goodwill in the amount of $45.6 million, none of which is expected to be deductible for income tax purposes. Identifiable intangible assets acquired included $46.7 million of definite-lived customer relationships with an estimated useful life of 17 years. The preliminary purchase price allocation is subject to further refinement, primarily related to the impacts associated with income taxes and other accruals, and may require significant adjustments to arrive at the final purchase price allocation. Eldon's net sales for the quarter ended March 31, 2020 were $26.2 million. On February 10, 2020, we acquired substantially all of the assets of WBT LLC ("WBT") for approximately $30.0 million in cash, subject to purchase price adjustments and a holdback. The U.S. based WBT business manufactures high-quality cable tray systems that will be marketed as part of the nVent CADDY product line within our Electrical & Fastening Solutions segment and nVent HOFFMAN product line within our Enclosures segment. The excess purchase price over tangible net assets and identified intangible assets acquired has been preliminarily allocated to goodwill in the amount of $13.9 million, substantially all of which is expected to be deductible for income tax purposes. Identifiable intangible assets acquired included $11.3 million of definite-lived customer relationships with an estimated useful life of 12 years. The pro forma impact of these acquisitions is not material.

Goodwill and Other Identifiable

Goodwill and Other Identifiable Intangible Assets	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Identifiable Intangible Assets	The changes in the carrying amount of goodwill by reportable segment were as follows: In millions December 31, Acquisitions/ Foreign currency March 31, Enclosures $ 315.4 $ 0.5 $ (0.2) $ 315.7 Thermal Management 925.5 — (2.5) 923.0 Electrical & Fastening Solutions 1,038.2 13.9 — 1,052.1 Total goodwill $ 2,279.1 $ 14.4 $ (2.7) $ 2,290.8 Identifiable intangible assets consisted of the following: March 31, 2020 December 31, 2019 In millions Cost Accumulated amortization Net Cost Accumulated Net Definite-life intangibles Customer relationships $ 1,205.5 $ (340.9) $ 864.6 $ 1,197.9 $ (326.1) $ 871.8 Proprietary technology and patents 16.3 (7.8) 8.5 14.8 (7.4) 7.4 Total definite-life intangibles 1,221.8 (348.7) 873.1 1,212.7 (333.5) 879.2 Indefinite-life intangibles Trade names 281.3 — 281.3 281.3 — 281.3 Total intangibles $ 1,503.1 $ (348.7) $ 1,154.4 $ 1,494.0 $ (333.5) $ 1,160.5 Identifiable intangible asset amortization expense was $16.0 million and $15.1 million for the three months ended March 31, 2020 and 2019, respectively. Estimated future amortization expense for identifiable intangible assets during the remainder of 2020 and the next five years is as follows: Q2-Q4 In millions 2020 2021 2022 2023 2024 2025 Estimated amortization expense $ 48.0 $ 62.9 $ 62.8 $ 62.6 $ 62.0 $ 62.0

Derivatives and Financial Instr

Derivatives and Financial Instruments	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Financial Instruments	Derivative financial instruments We are exposed to market risk related to changes in foreign currency exchange rates. To manage the volatility related to this exposure, we periodically enter into a variety of derivative financial instruments. Our objective is to reduce, where it is deemed appropriate to do so, fluctuations in earnings and cash flows associated with changes in foreign currency exchange rates. The derivative contracts contain credit risk to the extent that our bank counterparties may be unable to meet the terms of the agreements. The amount of such credit risk is generally limited to the unrealized gains, if any, in such contracts. Such risk is minimized by limiting those counterparties to major financial institutions of high credit quality. Foreign currency contracts We conduct business in various locations throughout the world and are subject to market risk due to changes in the value of foreign currencies in relation to our reporting currency, the U.S. dollar. We manage our economic and transaction exposure to certain market-based risks through the use of foreign currency derivative financial instruments. Our objective in holding these derivatives is to reduce the volatility in net earnings and cash flows associated with changes in foreign currency rates. The majority of our foreign currency contracts have an original maturity date of less than one year. At March 31, 2020 and December 31, 2019, we had outstanding foreign currency derivative contracts with gross notional U.S. dollar equivalent amounts of $27.4 million and $34.5 million, respectively. The impact of these contracts on the Condensed Consolidated Statements of Income and Comprehensive Income was not material for any period presented. Cross currency swaps At both March 31, 2020 and December 31, 2019, we had outstanding cross currency swap agreements with a combined notional amount of $303.5 million. The agreements are accounted for as either cash flow hedges, to hedge foreign currency fluctuations on certain intercompany debt, or as net investment hedges, to manage our exposure to fluctuations in the Euro-U.S. Dollar exchange rate. At March 31, 2020 and December 31, 2019, we had deferred foreign currency gains of $18.9 million and $1.9 million, respectively, in Accumulated other comprehensive loss associated with our cross currency swap activity. Fair value of financial instruments The following methods were used to estimate the fair values of each class of financial instruments: • short-term financial instruments (cash and cash equivalents, accounts and notes receivable, accounts and notes payable and variable-rate debt) — recorded amount approximates fair value because of the short maturity period; • long-term fixed-rate debt, including current maturities — fair value is based on market quotes available for issuance of debt with similar terms, which are inputs that are classified as Level 2 in the valuation hierarchy defined by the accounting guidance; • foreign currency contract agreements — fair values are determined through the use of models that consider various assumptions, including time value, yield curves, as well as other relevant economic measures, which are inputs that are classified as Level 2 in the valuation hierarchy defined by the accounting guidance; and • deferred compensation plan assets (mutual funds, common/collective trusts and cash equivalents for payment of certain non-qualified benefits for retired, terminated and active employees) — fair value of mutual funds and cash equivalents are based on quoted market prices in active markets that are classified as Level 1 in the valuation hierarchy defined by the accounting guidance; fair value of common/collective trusts are valued at net asset value ("NAV"), which is based on the fair value of underlying securities owned by the fund divided by the number of shares outstanding. The recorded amounts and estimated fair values of total debt, excluding unamortized issuance costs and discounts, were as follows: March 31, December 31, In millions Recorded Fair Recorded Fair Variable rate debt $ 415.9 $ 415.9 $ 269.6 $ 269.6 Fixed rate debt 800.0 842.0 800.0 863.5 Total debt $ 1,215.9 $ 1,257.9 $ 1,069.6 $ 1,133.1 Financial assets and liabilities measured at fair value on a recurring basis were as follows: Recurring fair value measurements March 31, 2020 In millions Level 1 Level 2 Level 3 NAV Total Foreign currency contract liabilities $ — $ (0.2) $ — $ — $ (0.2) Foreign currency contract assets — 21.0 — — 21.0 Deferred compensation plan assets 9.8 — — 4.0 13.8 Total recurring fair value measurements $ 9.8 $ 20.8 $ — $ 4.0 $ 34.6 Recurring fair value measurements December 31, 2019 In millions Level 1 Level 2 Level 3 NAV Total Foreign currency contract liabilities $ — $ (3.4) $ — $ — $ (3.4) Foreign currency contract assets — 7.6 — — 7.6 Deferred compensation plan assets 12.8 — — 4.5 17.3 Total recurring fair value measurements $ 12.8 $ 4.2 $ — $ 4.5 $ 21.5

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt and the average interest rates on debt outstanding were as follows: In millions Average interest rate at March 31, 2020 Maturity March 31, December 31, Revolving credit facility 2.330% 2023 $ 284.6 $ 134.6 Senior notes - fixed rate 3.950% 2023 300.0 300.0 Senior notes - fixed rate 4.550% 2028 500.0 500.0 Term loan facility 2.304% 2023 131.3 135.0 Unamortized debt issuance costs and discounts N/A N/A (4.7) (5.0) Total debt 1,211.2 1,064.6 Less: Current maturities and short-term borrowings (18.8) (17.5) Long-term debt $ 1,192.4 $ 1,047.1 Senior notes In March 2018, nVent Finance S.à r.l. (“nVent Finance” or "Subsidiary Issuer"), a 100-percent owned subsidiary of nVent, issued $300.0 million aggregate principal amount of 3.950% senior notes due 2023 (the "2023 Notes") and $500.0 million aggregate principal amount of 4.550% senior notes due 2028 (the "2028 Notes" and, collectively with the 2023 Notes, the "Notes"). Interest on the Notes is payable semi-annually in arrears on April 15 and October 15 of each year. The Notes constitute general unsecured senior obligations of the Subsidiary Issuer and rank equally in right of payment with all existing and future unsubordinated and unsecured indebtedness and liabilities of the Subsidiary Issuer. The guarantees of the Notes by the Parent Company Guarantor constitute general unsecured obligations of the Parent Company Guarantor and rank equally in right of payment with all existing and future unsubordinated and unsecured indebtedness and liabilities of the Subsidiary Issuer. Subject to certain qualifications and exceptions, the indenture pursuant to which the Notes were issued contains covenants that, among other things, restrict nVent’s, nVent Finance’s and certain subsidiaries’ ability to merge or consolidate with another person, create liens or engage in sale and lease-back transactions. There are no significant restrictions on the ability of nVent to obtain funds from its subsidiaries by dividend or loan. None of the assets of nVent or its subsidiaries represents restricted net assets pursuant to the guidelines established by the SEC. Senior credit facilities In March 2018, nVent Finance entered into a credit agreement with a syndicate of banks providing for a five-year $200.0 million senior unsecured term loan facility (the "Term Loan Facility") and a five-year $600.0 million senior unsecured revolving credit facility (the "Revolving Credit Facility" and, together with the Term Loan Facility, the "Senior Credit Facilities"). We have the option to request to increase the Revolving Credit Facility in an aggregate amount of up to $300.0 million, subject to customary conditions, including the commitment of the participating lenders. In March 2020, as a pr oactive measure to maximize our liquidity in response to the effect of the COVID-19 pandemic, we drew down $150.0 million on our Revolving Credit Facility. The proceeds will be available to be used for working capital, general corporate or other purposes. Total availability under the Revolving Credit Facility was $315.4 million as of March 31, 2020. Our debt agreements contain certain financial covenants, the most restrictive of which are in the Senior Credit Facilities, including that we may not permit (i) the ratio of our consolidated debt (net of our consolidated unrestricted cash in excess of $5.0 million but not to exceed $250.0 million) to our consolidated net income (excluding, among other things, non-cash gains and losses) before interest, taxes, depreciation, amortization and non-cash share-based compensation expense ("EBITDA") on the last day of any period of four consecutive fiscal quarters to exceed 3.75 to 1.00 and (ii) the ratio of our EBITDA to our consolidated interest expense for the same period to be less than 3.00 to 1.00. In addition, subject to certain qualifications and exceptions, the Senior Credit Facilities also contain covenants that, among other things, restrict our ability to create liens, merge or consolidate with another person, make acquisitions and incur subsidiary debt. As of March 31, 2020, we were in compliance with all financial covenants in our debt agreements, and there is no material uncertainty about our ongoing ability to meet those covenants. Debt outstanding, excluding unamortized issuance costs and discounts, at March 31, 2020 matures on a calendar year basis as follows: Q2-Q4 In millions 2020 2021 2022 2023 2024 2025 Thereafter Total Contractual debt obligation maturities $ 13.8 $ 20.0 $ 20.0 $ 662.1 $ — $ — $ 500.0 $ 1,215.9

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	The effective income tax rate for the three months ended March 31, 2020 was 62.5%, compared to 14.7% for the three months ended March 31, 2019. The liability for uncertain tax positions was $19.5 million and $17.0 million at March 31, 2020 and December 31, 2019, respectively. We record penalties and interest related to unrecognized tax benefits in Provision for income taxes and Net interest expense , respectively, on the Condensed Consolidated Statements of Income and Comprehensive Income, which is consistent with our past practices. Valuation allowances are recorded to reduce the amount of deferred tax assets in jurisdictions where, based on the weight of information available to us, we determine that it is more likely than not the related tax benefits will not be realized. In the three-month period ended March 31, 2020, as a result of the assessment of the available information, we established a valuation allowance of $19.4 million on certain foreign deferred tax assets. In April 2020, the U.S. Treasury finalized regulations which limit the availability of certain tax deductions we currently claim related to interest expense (the “Regulations”), and those Regulations have retroactive effect to January 1, 2019. Based on the effective timing of the Regulations, we expect to record a non-recurring tax expense of approximately $6 million

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Shareholders' Equity	Share repurchases On July 23, 2018, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $500.0 million (the "2018 Authorization"). On February 19, 2019, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $380.0 million (the "2019 Authorization"). The 2018 and 2019 Authorizations expire on July 23, 2021. During the three months ended March 31, 2020, we repurchased 0.2 million of our ordinary shares for $3.2 million under the 2018 Authorization. During the three months ended March 31, 2019, we repurchased 3.0 million of our ordinary shares for $79.9 million under the 2018 Authorization. As of March 31, 2020, we have $585.1 million available for share repurchases under the combined 2018 and 2019 Authorizations which total $880.0 million. Dividends payable On February 25, 2020, the Board of Directors declared a quarterly cash dividend of $0.175 per ordinary share payable on May 8, 2020, to shareholders of record at the close of business on April 24, 2020. The balance of dividends payable included in Other current liabilities on our Condensed Consolidated Balance Sheets was $29.7 million at both March 31, 2020 and December 31, 2019.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Information	We evaluate performance based on net sales and segment income (loss) and use a variety of ratios to measure performance of our reporting segments. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented. Segment income (loss) represents operating income exclusive of intangible amortization, certain acquisition related expenses, costs of restructuring activities, impairments and other unusual non-operating items. Financial information by reportable segment is as follows: Three months ended In millions March 31, March 31, Net sales Enclosures $ 258.5 $ 255.5 Thermal Management 120.5 145.1 Electrical & Fastening Solutions 141.9 137.4 Total $ 520.9 $ 538.0 Segment income (loss) Enclosures $ 40.9 $ 45.6 Thermal Management 20.3 34.3 Electrical & Fastening Solutions 33.5 31.2 Other (13.2) (14.9) Total $ 81.5 $ 96.2 The following table presents a reconciliation of segment income to income before income taxes: Three months ended In millions March 31, March 31, Segment income $ 81.5 $ 96.2 Intangible amortization (16.0) (15.1) Restructuring and other (4.3) (3.6) Acquisition transaction and integration costs (0.9) — Net interest expense (9.9) (10.5) Other expense (0.8) (0.9) Income before income taxes $ 49.6 $ 66.1

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Leases We have operating leases for office space, production facilities, distribution centers, warehouses, sales offices, fleet vehicles and equipment. In accordance with our accounting policy, leases with an initial term of 12 months or less are not recognized on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. We elected the practical expedient for all leases to include both lease and non-lease components within our lease assets and lease liabilities. Our lease agreements do not contain any material residual value guarantees, any material bargain purchase options or material restrictive covenants. We have no material sublease arrangements with third parties or lease transactions with related parties. During the three months ended March 31, 2020 and March 31, 2019, rent expense was $5.1 million and $4.2 million, respectively, primarily related to operating lease costs. Costs associated with short-term leases, variable rent and subleases were immaterial. Our leases have remaining lease terms of one to ten years, some of which include options to extend the leases for up to five years. Renewal options that are reasonably certain to be exercised are included in the lease term. The incremental borrowing rate is used in determining the present value of lease payments, unless an implicit rate is specified. Incremental borrowing rates on a collateralized basis are determined based on the economic environment in which leases are denominated and the lease term. The weighted average remaining lease term and weighted average discount rate were as follows: March 31, 2020 March 31, 2019 Weighted average remaining lease term Operating leases 5 years 5 years Weighted average discount rate Operating leases 3.9 % 4.3 % Future lease payments under non-cancelable operating leases as of March 31, 2020 were as follows: In millions Remainder of 2020 $ 12.7 2021 12.7 2022 8.7 2023 5.1 2024 3.7 2025 3.2 Thereafter 7.5 Total lease payments $ 53.6 Less imputed interest (5.5) Total reported lease liability $ 48.1 As of March 31, 2020, we have no material additional operating leases that have not yet commenced. Supplemental cash flow information related to operating leases were as follows: Three months ended In millions March 31, 2020 March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 4.6 $ 3.9 Lease right-of-use assets obtained in exchange for new lease liabilities 5.2 0.6 Supplemental balance sheet information related to operating leases was as follows: In millions Classification March 31, 2020 December 31, 2019 Assets Lease right-of-use assets Other non-current assets $ 43.9 $ 44.2 Liabilities Current lease liabilities Other current liabilities $ 14.5 $ 14.7 Non-current lease liabilities Other non-current liabilities 33.6 33.7 Total lease liabilities $ 48.1 $ 48.4

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Warranties and guarantees In connection with the disposition of our businesses or product lines, we may agree to indemnify purchasers for various potential liabilities relating to the sold business, such as pre-closing tax, product liability, warranty, environmental, or other obligations. The subject matter, amounts and duration of any such indemnification obligations vary for each type of liability indemnified and may vary widely from transaction to transaction. Generally, the maximum obligation under such indemnifications is not explicitly stated and as a result, the overall amount of these obligations cannot be reasonably estimated. Historically, we have not made significant payments for these indemnifications. We believe that if we were to incur a loss in any of these matters, the loss would not have a material effect on our financial position, results of operations or cash flows. We recognize, at the inception of a guarantee, a liability for the fair value of the obligation undertaken in issuing the guarantee. We provide service and warranty policies on our products. Liability under service and warranty policies is based upon a review of historical warranty and service claim experience. Adjustments are made to accruals as claim data and historical experience warrant. Our liability for service and product warranties as of March 31, 2020 and December 31, 2019 was not material. Stand-by letters of credit, bank guarantees and bonds In the ordinary course of business, we are required to commit to bonds, letters of credit and bank guarantees that require payments to our customers for any non-performance. The outstanding face value of these instruments fluctuates with the value of our projects in process and in our backlog. In addition, we issue financial stand-by letters of credit primarily to secure our performance to third parties under self-insurance programs. As of March 31, 2020 and December 31, 2019, the outstanding value of bonds, letters of credit and bank guarantees totaled $67.5 million and $70.0 million, respectively.

Basis of Presentation and Res_2

Basis of Presentation and Responsibility for Interim Financial Statements (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
New accounting standards	Adoption of new accounting standardsIn March 2020, the SEC amended Rule 3-10 of Regulation S-X regarding financial disclosure requirements for registered debt offerings involving subsidiaries as either issuers or guarantors. This amended rule narrows the circumstances that require separate financial statements or summarized financial disclosures of subsidiary issuers and guarantors and simplifies the summarized disclosures required in lieu of those statements. As a result of this amended rule, we have included narrative disclosures in lieu of separate financial statements and summarized financial disclosures

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue by Category	Geographic net sales information, based on geographic destination of the sale, was as follows: Three months ended March 31, 2020 In millions Enclosures Thermal Management Electrical & Fastening Solutions Total U.S. and Canada $ 174.1 $ 70.6 $ 102.5 $ 347.2 Developed Europe (1) 61.9 29.6 27.2 118.7 Developing (2) 19.4 16.9 8.7 45.0 Other Developed (3) 3.1 3.4 3.5 10.0 Total $ 258.5 $ 120.5 $ 141.9 $ 520.9 Three months ended March 31, 2019 In millions Enclosures Thermal Management Electrical & Fastening Solutions Total U.S. and Canada $ 180.4 $ 83.9 $ 97.4 $ 361.7 Developed Europe (1) 50.9 35.1 26.6 112.6 Developing (2) 21.7 21.0 10.1 52.8 Other Developed (3) 2.5 5.1 3.3 10.9 Total $ 255.5 $ 145.1 $ 137.4 $ 538.0 (1) Developed Europe includes Western Europe and Eastern Europe included in European Union. (2) Developing includes China, Eastern Europe not included in European Union, Latin America, Middle East and Southeast Asia. (3) Other Developed includes Australia and Japan. Vertical net sales information was as follows: Three months ended March 31, 2020 In millions Enclosures Thermal Management Electrical & Fastening Solutions Total Industrial $ 156.5 $ 46.5 $ 26.0 $ 229.0 Commercial & Residential 31.7 39.8 82.1 153.6 Energy 26.8 32.6 15.0 74.4 Infrastructure 43.5 1.6 18.8 63.9 Total $ 258.5 $ 120.5 $ 141.9 $ 520.9 Three months ended March 31, 2019 In millions Enclosures Thermal Management Electrical & Fastening Solutions Total Industrial $ 155.1 $ 58.7 $ 26.7 $ 240.5 Commercial & Residential 22.6 44.5 79.9 147.0 Energy 25.9 40.1 13.5 79.5 Infrastructure 51.9 1.8 17.3 71.0 Total $ 255.5 $ 145.1 $ 137.4 $ 538.0
Contract assets and liabilities	Contract assets and liabilities consisted of the following: In millions March 31, 2020 December 31, 2019 $ Change % Change Contract assets $ 61.1 $ 69.4 $ (8.3) (12.0) % Contract liabilities 14.6 13.7 0.9 6.6 % Net contract assets $ 46.5 $ 55.7 $ (9.2) (16.5) %

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring Related Costs	Restructuring related costs included in Selling, general and administrative expense in the Condensed Consolidated Statements of Income and Comprehensive Income included costs for severance and other restructuring costs as follows: Three months ended In millions March 31, March 31, Severance and related costs $ 3.5 $ 2.8 Other 0.8 0.8 Total restructuring costs $ 4.3 $ 3.6
Restructuring Costs By Segment	Restructuring costs by reportable segment were as follows: Three months ended In millions March 31, March 31, Enclosures $ 3.1 $ — Thermal Management 1.1 2.0 Electrical & Fastening Solutions — 0.9 Other 0.1 0.7 Total $ 4.3 $ 3.6
Restructuring Accrual Activity Recorded on Consolidated Balance Sheets	Activity related to accrued severance and related costs recorded in Other current liabilities in the Condensed Consolidated Balance Sheets is summarized as follows for the three months ended March 31, 2020: In millions March 31, Beginning balance $ 9.5 Costs incurred 3.5 Cash payments and other (3.1) Ending balance $ 9.9

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	Basic and diluted earnings per share were calculated as follows: Three months ended In millions, except per-share data March 31, March 31, Net income $ 18.6 $ 56.4 Weighted average ordinary shares outstanding Basic 169.8 176.5 Dilutive impact of stock options, restricted stock units and performance share units 1.2 1.7 Diluted 171.0 178.2 Earnings per ordinary share Basic earnings per ordinary share $ 0.11 $ 0.32 Diluted earnings per ordinary share $ 0.11 $ 0.32 Anti-dilutive stock options excluded from the calculation of diluted earnings per share 2.9 1.9

Goodwill and Other Identifiab_2

Goodwill and Other Identifiable Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill by Segment	The changes in the carrying amount of goodwill by reportable segment were as follows: In millions December 31, Acquisitions/ Foreign currency March 31, Enclosures $ 315.4 $ 0.5 $ (0.2) $ 315.7 Thermal Management 925.5 — (2.5) 923.0 Electrical & Fastening Solutions 1,038.2 13.9 — 1,052.1 Total goodwill $ 2,279.1 $ 14.4 $ (2.7) $ 2,290.8
Schedule of Finite-Lived Intangible Assets	Identifiable intangible assets consisted of the following: March 31, 2020 December 31, 2019 In millions Cost Accumulated amortization Net Cost Accumulated Net Definite-life intangibles Customer relationships $ 1,205.5 $ (340.9) $ 864.6 $ 1,197.9 $ (326.1) $ 871.8 Proprietary technology and patents 16.3 (7.8) 8.5 14.8 (7.4) 7.4 Total definite-life intangibles 1,221.8 (348.7) 873.1 1,212.7 (333.5) 879.2 Indefinite-life intangibles Trade names 281.3 — 281.3 281.3 — 281.3 Total intangibles $ 1,503.1 $ (348.7) $ 1,154.4 $ 1,494.0 $ (333.5) $ 1,160.5
Schedule of Indefinite-Lived Intangible Assets	Identifiable intangible assets consisted of the following: March 31, 2020 December 31, 2019 In millions Cost Accumulated amortization Net Cost Accumulated Net Definite-life intangibles Customer relationships $ 1,205.5 $ (340.9) $ 864.6 $ 1,197.9 $ (326.1) $ 871.8 Proprietary technology and patents 16.3 (7.8) 8.5 14.8 (7.4) 7.4 Total definite-life intangibles 1,221.8 (348.7) 873.1 1,212.7 (333.5) 879.2 Indefinite-life intangibles Trade names 281.3 — 281.3 281.3 — 281.3 Total intangibles $ 1,503.1 $ (348.7) $ 1,154.4 $ 1,494.0 $ (333.5) $ 1,160.5
Estimated Future Amortization Expense for Identifiable Intangible Assets	Estimated future amortization expense for identifiable intangible assets during the remainder of 2020 and the next five years is as follows: Q2-Q4 In millions 2020 2021 2022 2023 2024 2025 Estimated amortization expense $ 48.0 $ 62.9 $ 62.8 $ 62.6 $ 62.0 $ 62.0

Derivatives and Financial Ins_2

Derivatives and Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Recorded Amounts and Estimated Fair Values of Long-term Debt and Derivative Financial Instruments	The recorded amounts and estimated fair values of total debt, excluding unamortized issuance costs and discounts, were as follows: March 31, December 31, In millions Recorded Fair Recorded Fair Variable rate debt $ 415.9 $ 415.9 $ 269.6 $ 269.6 Fixed rate debt 800.0 842.0 800.0 863.5 Total debt $ 1,215.9 $ 1,257.9 $ 1,069.6 $ 1,133.1
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	Financial assets and liabilities measured at fair value on a recurring basis were as follows: Recurring fair value measurements March 31, 2020 In millions Level 1 Level 2 Level 3 NAV Total Foreign currency contract liabilities $ — $ (0.2) $ — $ — $ (0.2) Foreign currency contract assets — 21.0 — — 21.0 Deferred compensation plan assets 9.8 — — 4.0 13.8 Total recurring fair value measurements $ 9.8 $ 20.8 $ — $ 4.0 $ 34.6 Recurring fair value measurements December 31, 2019 In millions Level 1 Level 2 Level 3 NAV Total Foreign currency contract liabilities $ — $ (3.4) $ — $ — $ (3.4) Foreign currency contract assets — 7.6 — — 7.6 Deferred compensation plan assets 12.8 — — 4.5 17.3 Total recurring fair value measurements $ 12.8 $ 4.2 $ — $ 4.5 $ 21.5

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt and Average Interest Rates on Debt Outstanding	Debt and the average interest rates on debt outstanding were as follows: In millions Average interest rate at March 31, 2020 Maturity March 31, December 31, Revolving credit facility 2.330% 2023 $ 284.6 $ 134.6 Senior notes - fixed rate 3.950% 2023 300.0 300.0 Senior notes - fixed rate 4.550% 2028 500.0 500.0 Term loan facility 2.304% 2023 131.3 135.0 Unamortized debt issuance costs and discounts N/A N/A (4.7) (5.0) Total debt 1,211.2 1,064.6 Less: Current maturities and short-term borrowings (18.8) (17.5) Long-term debt $ 1,192.4 $ 1,047.1
Debt Outstanding Matures on Calendar Year Basis	Debt outstanding, excluding unamortized issuance costs and discounts, at March 31, 2020 matures on a calendar year basis as follows: Q2-Q4 In millions 2020 2021 2022 2023 2024 2025 Thereafter Total Contractual debt obligation maturities $ 13.8 $ 20.0 $ 20.0 $ 662.1 $ — $ — $ 500.0 $ 1,215.9

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Financial Information by Reportable Segment	Financial information by reportable segment is as follows: Three months ended In millions March 31, March 31, Net sales Enclosures $ 258.5 $ 255.5 Thermal Management 120.5 145.1 Electrical & Fastening Solutions 141.9 137.4 Total $ 520.9 $ 538.0 Segment income (loss) Enclosures $ 40.9 $ 45.6 Thermal Management 20.3 34.3 Electrical & Fastening Solutions 33.5 31.2 Other (13.2) (14.9) Total $ 81.5 $ 96.2
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table presents a reconciliation of segment income to income before income taxes: Three months ended In millions March 31, March 31, Segment income $ 81.5 $ 96.2 Intangible amortization (16.0) (15.1) Restructuring and other (4.3) (3.6) Acquisition transaction and integration costs (0.9) — Net interest expense (9.9) (10.5) Other expense (0.8) (0.9) Income before income taxes $ 49.6 $ 66.1

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Lease, Cost	The weighted average remaining lease term and weighted average discount rate were as follows: March 31, 2020 March 31, 2019 Weighted average remaining lease term Operating leases 5 years 5 years Weighted average discount rate Operating leases 3.9 % 4.3 % Supplemental cash flow information related to operating leases were as follows: Three months ended In millions March 31, 2020 March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities $ 4.6 $ 3.9 Lease right-of-use assets obtained in exchange for new lease liabilities 5.2 0.6
Future Lease Payments	Future lease payments under non-cancelable operating leases as of March 31, 2020 were as follows: In millions Remainder of 2020 $ 12.7 2021 12.7 2022 8.7 2023 5.1 2024 3.7 2025 3.2 Thereafter 7.5 Total lease payments $ 53.6 Less imputed interest (5.5) Total reported lease liability $ 48.1
Operating Leases, Assets and Liabilities	Supplemental balance sheet information related to operating leases was as follows: In millions Classification March 31, 2020 December 31, 2019 Assets Lease right-of-use assets Other non-current assets $ 43.9 $ 44.2 Liabilities Current lease liabilities Other current liabilities $ 14.5 $ 14.7 Non-current lease liabilities Other non-current liabilities 33.6 33.7 Total lease liabilities $ 48.1 $ 48.4

Basis of Presentation and Res_3

Basis of Presentation and Responsibility for Interim Financial Statements - Separation from Pentair (Details)	Apr. 30, 2018shares	Mar. 31, 2020segment
Accounting Policies [Abstract]
Number of reportable segments | segment		3
Equity interests issued per ordinary predecessor share (in shares) | shares	1

Revenue - Additional Informatio

Revenue - Additional Information (Details)	3 Months Ended
	Mar. 31, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Net contract assets (liabilities)	$ (9,200,000)
Impairment losses on contract assets	$ 0

Revenue - Performance Obligatio

Revenue - Performance Obligations (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01 $ in Millions	Mar. 31, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 82.3
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction period	12 months
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction period	18 months

Revenue - Schedule of Contract

Revenue - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract assets	$ 61.1	$ 69.4
Contract liabilities	14.6	13.7
Net contract assets	46.5	$ 55.7
$ Change
Contract assets	(8.3)
Contract liabilities	0.9
Net contract assets	$ 9.2
% Change
Contract assets	(12.00%)
Contract liabilities	6.60%
Net contract assets	(16.50%)

Revenue - Geographic Net Sales

Revenue - Geographic Net Sales Information by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 520.9	$ 538
U.S. and Canada
Disaggregation of Revenue [Line Items]
Net sales	347.2	361.7
Developed Europe (1)
Disaggregation of Revenue [Line Items]
Net sales	118.7	112.6
Developing Countries
Disaggregation of Revenue [Line Items]
Net sales	45	52.8
Other Developed Countries
Disaggregation of Revenue [Line Items]
Net sales	10	10.9
Enclosures
Disaggregation of Revenue [Line Items]
Net sales	258.5	255.5
Enclosures | U.S. and Canada
Disaggregation of Revenue [Line Items]
Net sales	174.1	180.4
Enclosures | Developed Europe (1)
Disaggregation of Revenue [Line Items]
Net sales	61.9	50.9
Enclosures | Developing Countries
Disaggregation of Revenue [Line Items]
Net sales	19.4	21.7
Enclosures | Other Developed Countries
Disaggregation of Revenue [Line Items]
Net sales	3.1	2.5
Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	120.5	145.1
Thermal Management | U.S. and Canada
Disaggregation of Revenue [Line Items]
Net sales	70.6	83.9
Thermal Management | Developed Europe (1)
Disaggregation of Revenue [Line Items]
Net sales	29.6	35.1
Thermal Management | Developing Countries
Disaggregation of Revenue [Line Items]
Net sales	16.9	21
Thermal Management | Other Developed Countries
Disaggregation of Revenue [Line Items]
Net sales	3.4	5.1
Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	141.9	137.4
Electrical & Fastening Solutions | U.S. and Canada
Disaggregation of Revenue [Line Items]
Net sales	102.5	97.4
Electrical & Fastening Solutions | Developed Europe (1)
Disaggregation of Revenue [Line Items]
Net sales	27.2	26.6
Electrical & Fastening Solutions | Developing Countries
Disaggregation of Revenue [Line Items]
Net sales	8.7	10.1
Electrical & Fastening Solutions | Other Developed Countries
Disaggregation of Revenue [Line Items]
Net sales	$ 3.5	$ 3.3

Revenue - Vertical Sales by Seg

Revenue - Vertical Sales by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 520.9	$ 538
Enclosures
Disaggregation of Revenue [Line Items]
Net sales	258.5	255.5
Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	120.5	145.1
Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	141.9	137.4
Industrial
Disaggregation of Revenue [Line Items]
Net sales	229	240.5
Industrial | Enclosures
Disaggregation of Revenue [Line Items]
Net sales	156.5	155.1
Industrial | Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	46.5	58.7
Industrial | Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	26	26.7
Commercial & Residential
Disaggregation of Revenue [Line Items]
Net sales	153.6	147
Commercial & Residential | Enclosures
Disaggregation of Revenue [Line Items]
Net sales	31.7	22.6
Commercial & Residential | Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	39.8	44.5
Commercial & Residential | Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	82.1	79.9
Energy
Disaggregation of Revenue [Line Items]
Net sales	74.4	79.5
Energy | Enclosures
Disaggregation of Revenue [Line Items]
Net sales	26.8	25.9
Energy | Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	32.6	40.1
Energy | Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	15	13.5
Infrastructure
Disaggregation of Revenue [Line Items]
Net sales	63.9	71
Infrastructure | Enclosures
Disaggregation of Revenue [Line Items]
Net sales	43.5	51.9
Infrastructure | Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	1.6	1.8
Infrastructure | Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	18.8	17.3
Developed Europe (1)
Disaggregation of Revenue [Line Items]
Net sales	118.7	112.6
Developed Europe (1) | Enclosures
Disaggregation of Revenue [Line Items]
Net sales	61.9	50.9
Developed Europe (1) | Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	29.6	35.1
Developed Europe (1) | Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	27.2	26.6
Developing Countries
Disaggregation of Revenue [Line Items]
Net sales	45	52.8
Developing Countries | Enclosures
Disaggregation of Revenue [Line Items]
Net sales	19.4	21.7
Developing Countries | Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	16.9	21
Developing Countries | Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	8.7	10.1
Other Developed Countries
Disaggregation of Revenue [Line Items]
Net sales	10	10.9
Other Developed Countries | Enclosures
Disaggregation of Revenue [Line Items]
Net sales	3.1	2.5
Other Developed Countries | Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	3.4	5.1
Other Developed Countries | Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	3.5	3.3
U.S. and Canada
Disaggregation of Revenue [Line Items]
Net sales	347.2	361.7
U.S. and Canada | Enclosures
Disaggregation of Revenue [Line Items]
Net sales	174.1	180.4
U.S. and Canada | Thermal Management
Disaggregation of Revenue [Line Items]
Net sales	70.6	83.9
U.S. and Canada | Electrical & Fastening Solutions
Disaggregation of Revenue [Line Items]
Net sales	$ 102.5	$ 97.4

Restructuring - Costs Included

Restructuring - Costs Included in Selling, General & Administrative Expenses (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)employee	Mar. 31, 2019USD ($)
Restructuring and Related Activities [Abstract]
Number of employees | employee	100
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 4.3	$ 3.6
Severance and related costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	3.5	2.8
Other
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0.8	$ 0.8

Restructuring - Costs by Report

Restructuring - Costs by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	$ 4.3	$ 3.6
Enclosures
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	3.1	0
Thermal Management
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	1.1	2
Electrical & Fastening Solutions
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	0	0.9
Other
Restructuring Cost and Reserve [Line Items]
Total restructuring costs	$ 0.1	$ 0.7

Restructuring - Accrual Activit

Restructuring - Accrual Activity (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 9.5
Costs incurred	3.5
Cash payments and other	(3.1)
Ending balance	$ 9.9

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details)	Apr. 30, 2018shares
Subsequent Events [Abstract]
Equity interests issued per ordinary predecessor share (in shares)	1

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 18.6	$ 56.4
Weighted average common shares outstanding
Basic (shares)	169.8	176.5
Dilutive impact of stock options, restricted stock units and performance share units	1.2	1.7
Diluted (shares)	171	178.2
Earnings per ordinary share
Basic pro forma earnings per ordinary share (in dollars per share)	$ 0.11	$ 0.32
Diluted pro forma earnings per ordinary share (in dollars per share)	$ 0.11	$ 0.32
Anti-dilutive stock options excluded from the calculation of diluted earnings per share	2.9	1.9

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	Feb. 10, 2020	Aug. 30, 2019	Sep. 30, 2019	Mar. 31, 2020	Mar. 31, 2019
Business Acquisition [Line Items]
Consideration transferred, net of cash acquired				$ 27	$ 0
Eldon Holding AB
Business Acquisition [Line Items]
Consideration transferred, net of cash acquired		$ 127.8
Goodwill				$ 45.6
Net sales of acquiree			$ 26.2
WBT
Business Acquisition [Line Items]
Goodwill	$ 13.9
Definite-lived customer relationships	$ 11.3
Estimated useful life of intangible asset (in years)	12 years
Payments to acquire businesses, gross	$ 30
Customer relationships | Eldon Holding AB
Business Acquisition [Line Items]
Definite-lived customer relationships		$ 46.7
Estimated useful life of intangible asset (in years)		17 years

Goodwill and Other Identifiab_3

Goodwill and Other Identifiable Intangible Assets - Changes in Carrying Amount of Goodwill by Segment (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 2,279.1
Acquisitions/divestitures	14.4
Foreign currency translation/other	(2.7)
Ending Balance	2,290.8
Enclosures
Goodwill [Roll Forward]
Beginning Balance	315.4
Acquisitions/divestitures	0.5
Foreign currency translation/other	(0.2)
Ending Balance	315.7
Thermal Management
Goodwill [Roll Forward]
Beginning Balance	925.5
Acquisitions/divestitures	0
Foreign currency translation/other	(2.5)
Ending Balance	923
Electrical & Fastening Solutions
Goodwill [Roll Forward]
Beginning Balance	1,038.2
Acquisitions/divestitures	13.9
Foreign currency translation/other	0
Ending Balance	$ 1,052.1

Goodwill and Other Identifiab_4

Goodwill and Other Identifiable Intangible Assets - Definite-life Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets, Net [Abstract]
Cost	$ 1,221.8	$ 1,212.7
Accumulated amortization	(348.7)	(333.5)
Net	873.1	879.2
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Cost	1,205.5	1,197.9
Accumulated amortization	(340.9)	(326.1)
Net	864.6	871.8
Proprietary technology and patents
Finite-Lived Intangible Assets, Net [Abstract]
Cost	16.3	14.8
Accumulated amortization	(7.8)	(7.4)
Net	$ 8.5	$ 7.4

Goodwill and Other Identifiab_5

Goodwill and Other Identifiable Intangible Assets - Indefinite-life Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Indefinite-lived Intangible Assets [Line Items]
Amortization	$ 16	$ 15.1
Cost	1,503.1		$ 1,494
Accumulated amortization	(348.7)		(333.5)
Net	1,154.4		1,160.5
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-life intangibles	$ 281.3		$ 281.3

Goodwill and Other Identifiab_6

Goodwill and Other Identifiable Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisitions, net of cash acquired	$ 27	$ 0
Amortization	$ 16	$ 15.1

Goodwill and Other Identifiab_7

Goodwill and Other Identifiable Intangible Assets - Estimated Future Amortization Expense for Identifiable Intangible Assets (Details) $ in Millions	Mar. 31, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Q2-Q4 2019	$ 48
2020	62.9
2021	62.8
2022	62.6
2023	62
2024	$ 62

Derivatives and Financial Ins_3

Derivatives and Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Derivative instruments in hedges, net	$ 18.9	$ 1.9
Foreign Exchange Contract
Derivative [Line Items]
Derivative, Notional Amount	27.4	34.5
Currency Swap
Derivative [Line Items]
Derivative, Notional Amount	$ 303.5	$ 303.5

Derivatives and Financial Ins_4

Derivatives and Financial Instruments - Recorded Amounts and Estimated Fair Values (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Total	$ 1,215.9
Recorded Amount
Derivative [Line Items]
Variable rate debt	415.9	$ 269.6
Fixed rate debt	800	800
Total	1,215.9	1,069.6
Fair Value
Derivative [Line Items]
Variable rate debt	415.9	269.6
Fixed rate debt	842	863.5
Total	$ 1,257.9	$ 1,133.1

Derivatives and Financial Ins_5

Derivatives and Financial Instruments - Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	$ 13.8	$ 17.3
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contract liabilities	(0.2)	(3.4)
Foreign currency contract assets	21	7.6
Deferred compensation plan assets	13.8	17.3
Total recurring fair value measurements	34.6	21.5
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contract liabilities	0	0
Foreign currency contract assets	0	0
Deferred compensation plan assets	9.8	12.8
Total recurring fair value measurements	9.8	12.8
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contract liabilities	(0.2)	(3.4)
Foreign currency contract assets	21	7.6
Deferred compensation plan assets	0	0
Total recurring fair value measurements	20.8	4.2
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contract liabilities	0	0
Foreign currency contract assets	0	0
Deferred compensation plan assets	0	0
Total recurring fair value measurements	0	0
Recurring | NAV
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contract liabilities	0	0
Foreign currency contract assets	0	0
Deferred compensation plan assets	4	4.5
Total recurring fair value measurements	$ 4	$ 4.5

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,215.9
Unamortized debt issuance costs and discounts	(4.7)	$ (5)
Total debt	1,211.2	1,064.6
Less: Current maturities and short-term borrowings	(18.8)	(17.5)
Long-term debt	$ 1,192.4	1,047.1
Senior Notes [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Average interest rate at March 31, 2020	2.33%
Long-term debt, gross	$ 284.6	134.6
Senior Notes [Member] | Term Loan Facility
Debt Instrument [Line Items]
Average interest rate at March 31, 2020	2.304%
Long-term debt, gross	$ 131.3	135
Senior Notes [Member] | Senior Notes, Due 2023
Debt Instrument [Line Items]
Average interest rate at March 31, 2020	3.95%		3.95%
Long-term debt, gross	$ 300	300
Senior Notes [Member] | Senior Notes, Due 2028
Debt Instrument [Line Items]
Average interest rate at March 31, 2020	4.55%		4.55%
Long-term debt, gross	$ 500	$ 500

Debt - Senior Notes (Details)

Debt - Senior Notes (Details) - Senior Notes [Member] - USD ($)	Mar. 31, 2020	Mar. 31, 2019
Senior Notes, Due 2023
Debt Instrument [Line Items]
Debt face amount		$ 300,000,000
Average interest rate	3.95%	3.95%
Senior Notes, Due 2028
Debt Instrument [Line Items]
Debt face amount		$ 500,000,000
Average interest rate	4.55%	4.55%

Debt - Senior Credit Facilities

Debt - Senior Credit Facilities (Details)	1 Months Ended		3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2018	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,215,900,000		$ 1,215,900,000
Senior Notes [Member] | Senior Credit Facilities
Debt Instrument [Line Items]
Leverage ratio covenant	3.75		3.75
Leverage ratio covenant period			12 months
EBITDA ratio covenant	3		3
Senior Notes [Member] | Senior Credit Facilities | Minimum
Debt Instrument [Line Items]
Debt covenant, consolidated unrestricted cash	$ 5,000,000		$ 5,000,000
Senior Notes [Member] | Senior Credit Facilities | Maximum
Debt Instrument [Line Items]
Debt covenant, consolidated unrestricted cash	250,000,000		250,000,000
Senior Notes [Member] | Term Loan Facility
Debt Instrument [Line Items]
Debt term		5 years
Maximum borrowing capacity					$ 200,000,000
Long-term Debt, Gross	131,300,000		131,300,000	$ 135,000,000
Senior Notes [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt term		5 years
Maximum borrowing capacity					$ 600,000,000
Line of credit increase limit	300,000,000		300,000,000
Long-term Debt, Gross	284,600,000		284,600,000	$ 134,600,000
Proceeds from lines of credit	150,000,000
Line of credit facility, remaining borrowing capacity	$ 315,400,000		$ 315,400,000

Debt - Schedule of Contracutal

Debt - Schedule of Contracutal Debt Maturities (Details) $ in Millions	Mar. 31, 2020USD ($)
Debt Disclosure [Abstract]
Q2-Q4 2019	$ 13.8
2020	20
2021	20
2022	662.1
2023	0
2024	0
Thereafter	500
Total	$ 1,215.9

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Income Tax Contingency [Line Items]
Effective income tax rate		62.50%	14.70%
Total gross liability for unrecognized tax benefits		$ 19.5		$ 17
Deferred tax assets, valuation allowance		19.4
Provision for income taxes		$ 31	$ 9.7
Forecast
Income Tax Contingency [Line Items]
Provision for income taxes	$ 6

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Feb. 19, 2019	Jul. 23, 2018
Equity [Abstract]
Repurchase of shares of our common stock up to a maximum aggregate value				$ 380	$ 500
Stock Repurchased During Period, Shares	0.2	3
Stock Repurchased During Period, Value	$ (3.2)	$ (79.9)
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	585.1
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	880
Dividends payable (in dollars per share)				$ 0.175
Dividends payable	$ 29.7		$ 29.7

Segment Information - Financial

Segment Information - Financial Information by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 520.9	$ 538
Segment income	60.3	77.5
Enclosures
Segment Reporting Information [Line Items]
Net sales	258.5	255.5
Segment income	40.9	45.6
Thermal Management
Segment Reporting Information [Line Items]
Net sales	120.5	145.1
Segment income	20.3	34.3
Electrical & Fastening Solutions
Segment Reporting Information [Line Items]
Net sales	141.9	137.4
Segment income	33.5	31.2
Other
Segment Reporting Information [Line Items]
Segment income	(13.2)	(14.9)
Operating Segments
Segment Reporting Information [Line Items]
Segment income	$ 81.5	$ 96.2

Segment Information - Reconcili

Segment Information - Reconciliation of Operating Profit (Losee) from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	$ 60.3	$ 77.5
Intangible amortization	(16)	(15.1)
Restructuring and other	(4.3)	(3.6)
Net interest expense	(9.9)	(10.5)
Other expense	(0.8)	(0.9)
Income before income taxes	49.6	66.1
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment income	81.5	96.2
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Intangible amortization	(16)	(15.1)
Restructuring and other	(4.3)	(3.6)
Acquisition transaction and integration costs	(0.9)	0
Net interest expense	(9.9)	(10.5)
Other expense	$ (0.8)	$ (0.9)

Leases (Details)

Leases (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Term of lease contract (in months)	12 months
Rent expense	$ 5.1	$ 4.2
Leases not yet commenced	no

Leases - Weighted Average Term

Leases - Weighted Average Term and Discount Rate (Details)	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Weighted average remaining lease term, operating leases	5 years	5 years
Weighted average discount rate, operating leases	3.90%	4.30%

Leases - Future Lease Payments,

Leases - Future Lease Payments, Topic 842 (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Operating Lease, After Adoption of 842
Remainder of 2020	$ 12.7
2021	12.7
2021	8.7
2023	5.1
2024	3.7
2025	3.2
Thereafter	7.5
Total lease payments	53.6
Less imputed interest	(5.5)
Total reported lease liability	$ 48.1	$ 48.4

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 4.6	$ 3.9
Lease right-of-use assets obtained in exchange for new lease liabilities	$ 5.2	$ 0.6

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Lease right-of-use assets	$ 43.9	$ 44.2
Current lease liabilities	14.5	14.7
Non-current lease liabilities	33.6	33.7
Total lease liabilities	$ 48.1	$ 48.4

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Liability for services and product warranties	$ 0	$ 0
Stand-by Letters of Credit, Bank Guarantees and Bonds
Guarantor Obligations [Line Items]
Obligations outstanding	$ 67.5	$ 70