Crane NXT (CXT) 10-Q 7 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Entity Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'CR	'
Entity Registrant Name	'Crane Co /DE/	'
Entity Central Index Key	'0000025445	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	58,915,804

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Net sales	$727,413		$637,515		$2,194,339		$1,913,832
Operating costs and expenses:	'		'		'		'
Cost of sales	476,291		421,317		1,427,056		1,257,161
Selling, general and administrative	144,402		127,189		461,512		391,916
Environmental provision	55,800		0		55,800		0
Restructuring charges	2,203		0		15,533		0
Acquisition integration related charges	984		0		7,739		0
Operating profit	47,733		89,009		226,699		264,755
Other income (expense):	'		'		'		'
Interest income	383		337		1,136		1,488
Interest expense	-9,556		-6,688		-29,129		-20,651
Miscellaneous - net	342	[1]	-456	[1]	-1,376	[1]	-170
Nonoperating Income (Expense), Total	-8,831		-6,807		-29,369		-19,333
Income before income taxes	38,902		82,202		197,330		245,422
Provision for Income Taxes	10,686		24,719		60,333		74,583
Net income before allocation to noncontrolling interests	28,216		57,483		136,997		170,839
Less: Noncontrolling interest in subsidiaries' earnings	137		352		537		1,043
Net income attributable to common shareholders	$28,079		$57,131		$136,460		$169,796
Earnings per share - basic: (a)	'		'		'		'
Net income attributable to common shareholders	$0.48		$0.98		$2.32		$2.94
Earnings per share - diluted: (a)	'		'		'		'
Net income attributable to common shareholders	$0.47		$0.97		$2.28		$2.89
Average basic shares outstanding	58,971		58,093		58,770		57,814
Average diluted shares outstanding	59,903		59,035		59,734		58,737
Dividends per share	$0.33		$0.30		$0.93		$0.86
[1]	e Includes a $49,000 charge related to an increase in the Company's liability expected at its Goodyear, AZ Superfund Site and a $6,800 charge for expected remediation costs associated with a previously disclosed environmental site in Roseland, NJ for the three and nine months ended September 30, 2014.f

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net income before allocation to noncontrolling interests	$28,216	$57,483	$136,997	$170,839
Currency translation adjustment	-70,161	30,343	-60,808	8,015
Changes in pension and postretirement plan assets and benefit obligation, net of tax benefit	855	2,290	3,167	6,872
Other comprehensive income (loss)	-69,306	32,633	-57,641	14,887
Comprehensive income before allocation to noncontrolling interests	-41,090	90,116	79,356	185,726
Less: Noncontrolling interests in comprehensive income (loss)	-12	427	413	974
Comprehensive income attributable to common shareholders	($41,078)	$89,689	$78,943	$184,752

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$301,672	$270,643
Accounts receivable, net	442,535	437,541
Current insurance receivable - asbestos	22,783	22,783
Inventories, net:	'	'
Finished goods	127,585	108,409
Finished parts and subassemblies	38,601	36,645
Work in process	62,497	55,434
Raw materials	180,361	168,398
Inventories, net	409,044	368,886
Current deferred tax asset	32,460	31,651
Other current assets	17,590	17,588
Total current assets	1,226,084	1,149,092
Property, plant and equipment:	'	'
Cost	838,417	841,231
Less: accumulated depreciation	543,655	536,176
Property, plant and equipment, net	294,762	305,055
Long-term insurance receivable - asbestos	132,427	148,222
Long-term deferred tax assets	175,470	186,734
Other assets	130,142	112,265
Intangible assets, net	371,567	408,923
Goodwill	1,223,653	1,249,316
Total assets	3,554,105	3,559,607
Current liabilities:	'	'
Short-term borrowings	114,814	125,826
Accounts payable	224,791	229,828
Current asbestos liability	88,038	88,038
Accrued liabilities	220,744	223,148
U.S. and foreign taxes on income	9,523	2,062
Total current liabilities	657,910	668,902
Long-term debt	749,202	749,170
Accrued pension and postretirement benefits	121,372	151,133
Long-term deferred tax liability	71,894	76,041
Long-term asbestos liability	548,542	610,530
Other liabilities	133,355	89,158
Total liabilities	2,282,275	2,344,934
Commitments and contingencies (Note 8)	'	'
Equity:	'	'
Preferred shares, par value $.01; 5,000,000 shares authorized	0	0
Common stock, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued	72,426	72,426
Capital surplus	244,584	228,537
Retained earnings	1,484,903	1,403,202
Accumulated other comprehensive loss	-106,168	-48,651
Treasury stock	-434,682	-451,195
Total shareholders' equity	1,261,063	1,204,319
Noncontrolling interests	10,767	10,354
Total equity	1,271,830	1,214,673
Total liabilities and equity	$3,554,105	$3,559,607
Common stock issued	72,426,139	72,426,139
Less: Common stock held in treasury	-13,443,528	-14,240,852
Common stock outstanding	58,982,611	58,185,287

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Per Share data, unless otherwise specified
Preferred shares, par value	$0.01	$0.01
Preferred shares, shares authorized	5,000,000	5,000,000
Common stock, par value	$1	$1
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	72,426,139	72,426,139

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities:	'	'
Net income attributable to common shareholders	$136,460	$169,796
Noncontrolling interests in subsidiaries' earnings	537	1,043
Net income before allocation to noncontrolling interests	136,997	170,839
Environmental Remediation Expense	55,800	0
Restructuring - non-cash	954	0
Depreciation and amortization	57,954	38,159
Stock-based compensation expense	15,944	16,299
Defined benefit plans and postretirement (benefit) expense	-8,775	3,539
Deferred income taxes	3,686	18,124
Cash used for working capital	-47,310	-88,808
Defined benefit plans and postretirement contributions	-22,744	-13,185
Environmental payments, net of reimbursements	-8,597	-11,202
Payments for asbestos-related fees and costs, net of insurance recoveries	-46,193	-48,314
Other	-24,282	5,548
Total provided by operating activities	113,434	90,999
Investing activities:	'	'
Capital expenditures	-32,152	-19,016
Proceeds from disposition of capital assets	4,976	372
Proceeds from divestitures	2,081	0
Proceeds from acquisition	6,100	0
Total used for investing activities	-18,995	-18,644
Equity:	'	'
Dividends paid	-54,759	-49,778
Stock options exercised - net of shares reacquired	8,747	24,083
Excess tax benefit from stock-based compensation	7,869	5,787
Proceeds received from credit facility	-11,000	123,197
Repayments of Long-term Debt	0	200,000
Total provided by financing activities	-49,143	-96,711
Effect of exchange rates on cash and cash equivalents	-14,267	3,813
Increase (Decrease) in cash and cash equivalents	31,029	-20,543
Cash and cash equivalents at beginning of period	270,643	423,947
Cash and cash equivalents at end of period	301,672	403,404
Detail of cash used for working capital:	'	'
Accounts receivable	-7,632	-42,883
Inventories	-50,467	-9,605
Other current assets	-436	10
Accounts payable	-1,167	-5,901
Accrued liabilities	-2,430	-30,536
U.S. and foreign taxes on income	14,822	107
Total	-47,310	-88,808
Supplemental disclosure of cash flow information:	'	'
Interest paid	21,061	20,491
Income taxes paid	$33,956	$50,565

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial reporting and the instructions to Form 10-Q and, therefore, reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. These interim condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements and Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	Recent Accounting Pronouncements
	In May 2014, the FASB issued new accounting guidance related to revenue recognition. This new standard will replace all current U.S. GAAP guidance on this topic and eliminate all current industry-specific guidance. The new revenue recognition standard provides a unified model to determine when and how revenue is recognized. The core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. The new standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The new standard can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is evaluating the impact of adopting this new accounting standard on its financial statements.
	In April 2014, the FASB issued amended guidance to change the reporting of discontinued operations. Under the previous guidance, any component of an entity that was a reportable segment, an operating segment, a reporting unit, a subsidiary, or an asset group was eligible for discontinued operations presentation. The amendment only allows disposals of components of an entity that represent a strategic shift and that have a major effect on a reporting entity’s operations and financial results to be reported as discontinued operations. The amendment requires expanded disclosure in the financial statements for discontinued operations, as well as for disposals of significant components of an entity that do not qualify for discontinued operations presentation. The amendment is effective for annual periods beginning on or after December 15, 2014 with early adoption permitted. The Company has adopted this guidance, which has had no material impact on its consolidated financial position, results of operations, cash flows and disclosures.

Segment_Results

Segment Results	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Results	'
	Segment Results
	The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. The Company has four reportable segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics and Engineered Materials. Assets of the reportable segments exclude general corporate assets, which principally consist of cash, deferred tax assets, insurance receivables, certain property, plant and equipment, and certain other assets. Furthermore, Corporate consists of corporate office expenses including related compensation, benefits, occupancy, depreciation, and other administrative costs. Financial information by reportable segment is set forth below:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(in thousands)	2014			2013			2014			2013
	Net sales
	Fluid Handling	$	314,461		$	322,152		$	949,812		$	968,926
	Payment & Merchandising Technologies	181,057			83,636			534,753			257,927
	Aerospace & Electronics	167,158			169,771			513,672			507,046
	Engineered Materials	64,737			61,956			196,102			179,933
	Total	$	727,413		$	637,515		$	2,194,339		$	1,913,832
	Operating profit (loss)
	Fluid Handling a	$	48,131		$	46,594		$	144,832		$	146,688
	Payment & Merchandising Technologies b	25,134			7,869			51,225			26,902
	Aerospace & Electronics c	29,870			38,105			98,312			115,257
	Engineered Materials	9,038			10,792			29,602			28,538
	Corporate d	(8,640		)	(14,351		)	(41,472		)	(52,630		)
	Environmental provision e	(55,800		)	—			(55,800		)	—
	Total	47,733			89,009			226,699			264,755
	Interest income	383			337			1,136			1,488
	Interest expense	(9,556		)	(6,688		)	(29,129		)	(20,651		)
	Miscellaneous - net f	342			(456		)	(1,376		)	(170		)
	Income before income taxes	$	38,902		$	82,202		$	197,330		$	245,422
	a Includes $372 and $3,989 of restructuring charges for the three and nine months ended September 30, 2014, respectively.
	b Includes $110 of restructuring charges and $1,830 of acquisition integration related costs for the three months ended September 30, 2014 and $5,727 of restructuring charges, $6,496 of acquisition integration related costs and $4,790 of acquisition related inventory step up and backlog amortization for the nine months ended September 30, 2014.
	c Includes $1,720 and $5,816 of restructuring charges for the three and nine months ended September 30, 2014, respectively.
	d Includes $6,500 for a settlement lawsuit recorded in June 2014, ($846) and $1,244 of acquisition integration related (credit) costs for the three and nine months ended September 30, 2014, respectively, and $2,854 and $12,595 of acquisition transaction costs for the three and nine months ended September 30, 2013, respectively.
	e Includes a $49,000 charge related to an increase in the Company's liability expected at its Goodyear, AZ Superfund Site and a $6,800 charge for expected remediation costs associated with a previously disclosed environmental site in Roseland, NJ for the three and nine months ended September 30, 2014.
	f Includes $1,624 loss on sale of a small business divested in June 2014 for the nine months ended September 30, 2014 and a $1,015 gain on a real estate divestiture for the three and nine months ended September 30, 2014.
		As of
		September 30,			December 31,
	(in thousands)	2014			2013
	Assets
	Fluid Handling	$	1,010,718		$	996,101
	Payment & Merchandising Technologies	1,345,574			1,383,007
	Aerospace & Electronics	514,791			511,676
	Engineered Materials	236,824			233,214
	Corporate	446,198			435,609
	Total	$	3,554,105		$	3,559,607
		As of
		September 30,			December 31,
	(in thousands)	2014			2013
	Goodwill
	Fluid Handling	$	231,662		$	239,205
	Payment & Merchandising Technologies	617,715			635,759
	Aerospace & Electronics	202,745			202,799
	Engineered Materials	171,531			171,553
	Total	$	1,223,653		$	1,249,316

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	The Company’s basic earnings per share calculations are based on the weighted average number of common shares outstanding during the period. Potentially dilutive securities include outstanding stock options, restricted share units, deferred stock units and performance-based restricted share units. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per common share by application of the treasury method. Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the period.
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	(in thousands, except per share data)	2014		2013		2014		2013
	Net income attributable to common shareholders	$	28,079	$	57,131	$	136,460	$	169,796
	Average basic shares outstanding	58,971		58,093		58,770		57,814
	Effect of dilutive stock options	932		942		964		923
	Average diluted shares outstanding	59,903		59,035		59,734		58,737
	Earnings per basic share	$	0.48	$	0.98	$	2.32	$	2.94
	Earnings per diluted share	$	0.47	$	0.97	$	2.28	$	2.89
	The computation of diluted earnings per share excludes the effect of the potential exercise of stock options when the average market price of the common stock is lower than the exercise price of the related stock options during the period (0.6 million and 0.01 million average options were excluded for the third quarter of 2014 and 2013, respectively, and 0.5 million and 0.9 million average options for the first nine months of 2014 and 2013, respectively).

Changes_in_Equity_and_Comprehe

Changes in Equity and Comprehensive Income	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Changes in Equity and Comprehensive Income	'
	Changes in Equity and Accumulated Other Comprehensive Income (Loss)
	A summary of the changes in equity for the nine months ended September 30, 2014 and 2013 is provided below:
		Nine Months Ended September 30,
		2014												2013
	(in thousands)	Total				Noncontrolling				Total Equity				Total			Noncontrolling			Total Equity
		Shareholders’				Interests								Shareholders’			Interests
		Equity												Equity
	Balance, beginning of period	$	1,204,319			$	10,354			$	1,214,673			$	918,383		$	8,993		$	927,376
	Dividends	(54,759		)		—				(54,759		)		(49,819		)	—			(49,819		)
	Exercise of stock options, net of shares reacquired	8,747				—				8,747				24,107			—			24,107
	Stock compensation expense	15,944				—				15,944				16,299			—			16,299
	Excess tax benefit from stock based compensation	7,869				—				7,869				5,787			—			5,787
	Net income	136,460				537				136,997				169,796			1,043			170,839
	Other comprehensive income (loss)	(57,517		)		(124		)		(57,641		)		14,956			(69		)	14,887
	Comprehensive income	78,943				413				79,356				184,752			974			185,726
	Balance, end of period	$	1,261,063			$	10,767			$	1,271,830			$	1,099,509		$	9,967		$	1,109,476
	The table below provides the accumulated balances for each classification of accumulated other comprehensive loss, as reflected on the Condensed Consolidated Balance Sheets.
		(in thousands)	Defined Benefit Pension and Other Postretirement Items*				Currency Translation Adjustment				Total
	Balance as of December 31, 2013		$	(121,318	)		$	72,667			$	(48,651	)
		Other comprehensive income (loss) before reclassifications	—				(60,684		)		(60,684		)
		Amounts reclassified from accumulated other comprehensive income	3,167				—				3,167
	Net current-period other comprehensive income (loss)		3,167				(60,684		)		(57,517		)
	Balance as of September 30, 2014		$	(118,151	)		$	11,983			$	(106,168	)
	* Net of tax benefit of $53,002 and $53,373 for September 30, 2014 and December 31, 2013, respectively.
	The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the three month periods ended September 30, 2014 and 2013.
	Details of Accumulated Other Comprehensive Income Components (in thousands)		Amounts Reclassified from Accumulated Other Comprehensive Income								Affected Line Item in the Statement of Operations
			Three Months Ended September 30,
			2014				2013
	Amortization of defined benefit pension items:
	Prior-service costs		$	30			$	3			$41 and $4 has been recorded within Cost of Sales for the three months ended September 30, 2014 and 2013, respectively, and ($11) and ($1) has been recorded within General & Administrative for the three months ended September 30, 2014 and 2013, respectively
	Net gain		1,257				3,444				$1,704 and $4,668 has been recorded within Cost of Sales for the three months ended September 30, 2014 and 2013, respectively, and ($447) and ($1,224) has been recorded within General & Administrative for the three months ended September 30, 2014 and 2013, respectively
	Amortization of other postretirement items:
	Prior-service costs		(58		)		(59		)		Recorded within Selling, General & Administrative
	Net loss		(49		)		(11		)		Recorded within Selling, General & Administrative
			$	1,180			$	3,377			Total before tax
			325				1,087				Tax benefit
	Total reclassifications for the period		$	855			$	2,290			Net of tax
	The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the nine month periods ended September 30, 2014 and 2013.
	Details of Accumulated Other Comprehensive Income Components (in thousands)		Amounts Reclassified from Accumulated Other Comprehensive Income								Affected Line Item in the Statement of Operations
			Nine Months Ended September 30,
			2014				2013
	Amortization of defined benefit pension items:
	Prior-service costs		$	90			$	10			$122 and $14 has been recorded within Cost of Sales for the nine months ended September 30, 2014 and 2013, respectively, and ($32) and ($4) has been recorded within General & Administrative for the nine months ended September 30, 2014 and 2013, respectively
	Net gain		3,771				10,330				$5,111 and $14,001 has been recorded within Cost of Sales for the nine months ended September 30, 2014 and 2013, respectively, and ($1,340) and ($3,671) has been recorded within General & Administrative for the nine months ended September 30, 2014 and 2013, respectively
	Amortization of other postretirement items:
	Prior-service costs		(173		)		(177		)		Recorded within Selling, General & Administrative
	Net loss		(149		)		(34		)		Recorded within Selling, General & Administrative
			$	3,539			$	10,129			Total before tax
			372				3,257				Tax benefit
	Total reclassifications for the period		$	3,167			$	6,872			Net of tax

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Acquisitions	'
	Acquisitions
	Acquisitions are accounted for in accordance with the guidance for business combinations. Accordingly, the Company makes an initial allocation of the purchase price at the date of acquisition based upon its understanding of the fair value of the acquired assets and assumed liabilities. The Company obtains this information during due diligence and through other sources. In the months after closing, as the Company obtains additional information about these assets and liabilities, including through tangible and intangible asset appraisals, it is able to refine the estimates of fair value and more accurately allocate the purchase price. Only items identified as of the acquisition date are considered for subsequent adjustment. The Company will make appropriate adjustments to the purchase price allocation prior to completion of the measurement period, as required.
	On December 11, 2013, the Company completed the acquisition of MEI Conlux Holdings (U.S.), Inc. and its affiliate MEI Conlux Holdings (Japan), Inc. (together, “MEI”), a leading provider of payment solutions for unattended transaction systems serving customers in the transportation, gaming, retail, financial services and vending markets. The purchase price was $804 million for all of the outstanding equity interests of MEI. MEI had sales of $399 million in 2012 and has been integrated into the Company's Crane Payment Innovations business within its Payment & Merchandising Technologies segment. The amount allocated to goodwill reflects the benefits the Company expects to realize from the acquisition, as the acquisition is expected to strengthen and broaden the Company’s product offering and will allow the Company to strengthen its global position in all sectors of the end market described above. Goodwill from this acquisition is not deductible for tax purposes.
	To finance the cash consideration for the MEI acquisition, the Company issued $250 million of 2.75% Senior Notes due 2018 and $300 million of 4.45% Senior Notes due 2023. For the remainder of the cash consideration, the Company utilized available cash and cash equivalents generated from operating activities.
	In June 2014, the Company received $6.1 million as part of the final working capital adjustment related to the MEI acquisition.
	Allocation of Consideration Transferred to Net Assets Acquired
	The following amounts represent the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed from the Company's acquisition of MEI. The final determination of the fair value of certain assets and liabilities will be completed within the one year measurement period as required by Accounting Standards Codification ("ASC") Topic 805, “Business Combinations.” The size and breadth of the MEI acquisition will necessitate the use of this measurement period to adequately analyze and assess a number of the factors used in establishing the asset and liability fair values as of the acquisition date, including the significant contractual and operational factors underlying the customer relationship intangible asset and the assumptions underpinning the related tax impacts of any changes made. Any potential adjustments made could be material in relation to the preliminary values presented below:
	Preliminary net assets acquired (in millions)
	Total current assets		$	172
	Property, plant and equipment		46
	Other assets		4
	Intangible assets		302
	Goodwill		439
	Total assets acquired		$	963
	Assumed liabilities		120
	Net assets acquired		$	843
	The amounts allocated to acquired intangible assets, and their associated weighted- average useful lives, which were determined based on the period over which the assets are expected to contribute directly or indirectly to our future cash flows, consist of the following:
	Intangible Assets (dollars in millions)	Intangible Fair Value			Weighted Average Life
	Trademarks/trade names	$	7		6.7
	Customer relationships	277			16.6
	Backlog	5			0.3
	Product technology	13			5.7
	Total acquired intangible assets	$	302
	In order to allocate the consideration transferred for MEI, the fair values of all identifiable assets and liabilities must be established. For accounting and financial reporting purposes, fair value is defined under ASC Topic 820, “Fair Value Measurement and Disclosure” as the price that would be received upon sale of an asset or the amount paid to transfer a liability in an orderly transaction between market participants at the measurement date. Market participants are assumed to be buyers and sellers in the principal (most advantageous) market for the asset or liability. Additionally, fair value measurements for an asset assume the highest and best use of that asset by market participants. Use of different estimates and judgments could yield different results.
	The fair values of the trademark and trade name intangible assets were determined by using an “income approach”, specifically the relief-from-royalty approach, which is a commonly accepted valuation approach. This approach is based on the assumption that in lieu of ownership, a firm would be willing to pay a royalty in order to exploit the related benefits of this asset. Therefore, a portion of MEI’s earnings, equal to the after-tax royalty that would have been paid for the use of the asset, can be attributed to the firm’s ownership. The trademark and trade names are being amortized on a straight-line basis (which approximates the economic pattern of benefits) over the estimated economic life of five to ten years.
	The fair values of the product technology intangible assets were also determined by the relief-from-royalty approach. Similarly, this approach is based on the assumption that in lieu of ownership, a firm would be willing to pay a royalty in order to exploit the related benefits of the technology. Therefore, a portion of MEI’s earnings, equal to the after-tax royalty that would have been paid for the use of the technology, can be attributed to the firm’s ownership of the technology. The technology assets are being amortized on a straight-line basis (which approximates the economic pattern of benefits) over the estimated economic life of three to six years.
	The fair values of the customer relationships and backlog intangible assets, were determined by using an “income approach” which is a commonly accepted valuation approach. Under this approach, the net earnings attributable to the asset or liability being measured are isolated using the discounted projected net cash flows. These projected cash flows are isolated from the projected cash flows of the combined asset group over the remaining economic life of the intangible asset or liability being measured. Both the amount and the duration of the cash flows are considered from a market participant perspective. Our estimates of market participant net cash flows considered historical and projected pricing, operational performance including market participant synergies, aftermarket retention, product life cycles, material and labor pricing, and other relevant customer, contractual and market factors. Where appropriate, the net cash flows were adjusted to reflect the potential attrition of existing customers in the future. The attrition-adjusted future cash flows are then discounted to present value using an appropriate discount rate. The customer relationship is being amortized on a straight-line basis (which approximates the economic pattern of benefits) over the estimated economic life of 13 to 18 years.
	Acquisition-Related Costs
	Acquisition-related costs are being expensed as incurred. For the three months ended September 30, 2014, the Company recorded $1.0 million of acquisition integration-related charges and $0.1 million of restructuring costs. For the three months ended September 30, 2013, the Company recorded $2.9 million of transaction costs within the selling, general and administrative category in the Condensed Consolidated Statement of Operations. For the nine months ended September 30, 2014, the Company recorded $7.7 million of acquisition integration related charges, $4.8 million of inventory step-up and backlog amortization within cost of sales in the Condensed Consolidated Statement of Operations and $5.7 million of restructuring costs (see additional discussion in Note 14). For the nine months ended September 30, 2013, the Company recorded $12.6 million of transaction costs within the selling, general and administrative category in the Condensed Consolidated Statement of Operations.
	Supplemental Pro Forma Data
	MEI's results of operations have been included in the Company's financial statements for the period subsequent to the completion of the acquisition on December 11, 2013. The following unaudited supplemental pro forma data for the three and nine months ended September 30, 2013 presents consolidated information as if the acquisition had been completed on January 1, 2013. There were no significant pro forma adjustments required for the three and nine months ended September 30, 2014. The pro forma results were calculated by combining the results of Crane Co. with the stand-alone results of MEI for the pre-acquisition periods, which were adjusted to account for certain costs which would have been incurred during this pre-acquisition period:
		For the Three Months Ended				For the Nine Months Ended
	(in millions, except per share data)	30-Sep-13
	Net sales	$	722			$	2,183
	Net income attributable to common shareholders	$	35			$	157
	Basic earnings per share from operations	$	0.6			$	2.67
	Diluted earnings per share from operations	$	0.59			$	2.62
	The unaudited supplemental pro forma data above includes adjustments for inventory step up, depreciation and amortization related to acquired MEI property, plant & equipment and intangible assets, transaction costs, interest expense related to financing directly associated with the acquisition and the effect of required dispositions to meet regulatory approval.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets	'
	Goodwill and Intangible Assets
	The Company’s business acquisitions have typically resulted in the recognition of goodwill and other intangible assets. The Company follows the provisions of ASC Topic 350, “Intangibles – Goodwill and Other” (“ASC 350”) as it relates to the accounting for goodwill in the Condensed Consolidated Financial Statements. These provisions require that the Company, on at least an annual basis, evaluate the fair value of the reporting units to which goodwill is assigned and attributed and compare that fair value to the carrying value of the reporting unit to determine if an impairment has occurred. The Company performs its annual impairment testing during the fourth quarter. Impairment testing takes place more often than annually if events or circumstances indicate a change in status that would indicate a potential impairment. The Company believes that there have been no events or circumstances which would more likely than not reduce the fair value for its reporting units below its carrying value. A reporting unit is an operating segment unless discrete financial information is prepared and reviewed by segment management for businesses one level below that operating segment (a “component”), in which case the component would be the reporting unit. In certain instances, the Company has aggregated components of an operating segment into a single reporting unit based on similar economic characteristics. At September 30, 2014, the Company had eight reporting units.
	When performing its annual impairment assessment, the Company compares the fair value of each of its reporting units to its respective carrying value. Goodwill is considered to be potentially impaired when the net book value of the reporting unit exceeds its estimated fair value. Fair values are established primarily by discounting estimated future cash flows at an estimated cost of capital which varies for each reporting unit and which, as of the Company’s most recent annual impairment assessment, ranged between 10% and 13% (a weighted average of 11%), reflecting the respective inherent business risk of each of the reporting units tested. This methodology for valuing the Company’s reporting units (commonly referred to as the Income Method) has not changed since the adoption of the provisions under ASC 350. The determination of discounted cash flows is based on the businesses’ strategic plans and long-range planning forecasts, which change from year to year. The revenue growth rates included in the forecasts represent best estimates based on current and forecasted market conditions. Profit margin assumptions are projected by each reporting unit based on the current cost structure and anticipated net cost increases/reductions. There are inherent uncertainties related to these assumptions, including changes in market conditions, and management’s judgment in applying them to the analysis of goodwill impairment. In addition to the foregoing, for each reporting unit, market multiples are used to corroborate its discounted cash flow results where fair value is estimated based on earnings multiples determined by available public information of comparable businesses. While the Company believes it has made reasonable estimates and assumptions to calculate the fair value of its reporting units, it is possible a material change could occur. If actual results are not consistent with management’s estimates and assumptions, goodwill and other intangible assets may then be determined to be overstated and a charge would need to be taken against net earnings. Furthermore, in order to evaluate the sensitivity of the fair value calculations on the goodwill impairment test performed during the fourth quarter of 2013, the Company applied a hypothetical, reasonably possible 10% decrease to the fair values of each reporting unit. The effects of this hypothetical 10% decrease would still result in the fair value calculation exceeding the carrying value for each reporting unit.
	Changes to goodwill are as follows:
	(in thousands)	Nine Months Ended September 30, 2014				Year Ended December 31, 2013
	Balance at beginning of period	$	1,249,316			$	813,792
	Additions	—				442,170
	Disposals	(813		)		(2,834		)
	Adjustments to purchase price allocations	(2,589		)		—
	Currency translation and other	(22,261		)		(3,812		)
	Balance at end of period	$	1,223,653			$	1,249,316
	For the nine months ended September 30, 2014, the adjustments to purchase price allocations primarily included $6.1 million related to cash received by the Company as part of the final working capital adjustment of the December 2013 acquisition of MEI, partially offset by $4.0 million of adjustments to pre-acquisition deferred tax assets. The disposals represent goodwill associated with the pre-tax loss on sale of a small business divested in June 2014. For the year ended December 31, 2013, the additions to goodwill represent the initial purchase price allocation related to the acquisition of MEI and the disposals represent the goodwill associated with the Company's sale of a product line as part of the execution of regulatory remedies associated with the MEI acquisition. See discussion in Note 5, "Acquisitions" for further details.
	Changes to intangible assets are as follows:
	(in thousands)	Nine Months Ended September 30, 2014				Year Ended December 31, 2013
	Balance at beginning of period, net of accumulated amortization	$	408,923			$	125,913
	Additions	—				301,800
	Disposals	—				(311		)
	Amortization expense	(29,685		)		(18,795		)
	Currency translation and other	(7,671		)		316
	Balance at end of period, net of accumulated amortization	$	371,567			$	408,923
	For the year ended December 31, 2013, the additions represent the initial purchase price allocation related to the December 2013 acquisition of MEI and the disposals represent the intangible assets associated with the Company's sale of a product line as part of the execution of regulatory remedies associated with the MEI acquisition. See discussion in Note 5, "Acquisitions" for further details.
	As of September 30, 2014, the Company had $371.6 million of net intangible assets, of which $29.5 million were intangibles with indefinite useful lives, consisting of trade names. The Company amortizes the cost of other intangibles over their estimated useful lives unless such lives are deemed indefinite. Intangibles with indefinite useful lives are tested annually for impairment, or when events or changes in circumstances indicate the potential for impairment. If the carrying amount of an intangible asset with an indefinite useful life exceeds the fair value, the intangible asset is written down to its fair value. Fair value is determined by the relief-from-royalty approach.
	In addition to annual testing for impairment of indefinite-lived intangible assets, the Company reviews all of its long-lived assets, including intangible assets subject to amortization, for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Examples of events or changes in circumstances could include, but are not limited to, a prolonged economic downturn, current period operating or cash flow losses combined with a history of losses or a forecast of continuing losses associated with the use of an asset or asset group, or a current expectation that an asset or asset group will be sold or disposed of before the end of its previously estimated useful life. Recoverability is based upon projections of anticipated future undiscounted cash flows associated with the use and eventual disposal of the long-lived asset (or asset group), as well as specific appraisal in certain instances. Reviews occur at the lowest level for which identifiable cash flows are largely independent of cash flows associated with other long-lived assets or asset groups and include estimated future revenues, gross profit margins, operating profit margins and capital expenditures which are based on the businesses’ strategic plans and long-range planning forecasts, which change from year to year. The revenue growth rates included in the forecasts represent the Company's best estimates based on current and forecasted market conditions, and the profit margin assumptions are based on the current cost structure and anticipated net cost increases/reductions. There are inherent uncertainties related to these assumptions, including changes in market conditions, and management’s judgment in applying them to the analysis. If the future undiscounted cash flows are less than the carrying value, then the long-lived asset is considered impaired and a charge would be taken against net earnings based on the amount by which the carrying amount exceeds the estimated fair value. Judgments that the Company makes which impact these assessments relate to the expected useful lives of long-lived assets and its ability to realize any undiscounted cash flows in excess of the carrying amounts of such assets, and are affected primarily by changes in the expected use of the assets, changes in technology or development of alternative assets, changes in economic conditions, changes in operating performance and changes in expected future cash flows. Since judgment is involved in determining the fair value of long-lived assets, there is risk that the carrying value of our long-lived assets may require adjustment in future periods.  Historical results to date have generally approximated expected cash flows for the identifiable cash flow generating level.  The Company believes that there have been no events or circumstances which would more likely than not reduce the fair value of its indefinite-lived and amortizing intangible assets.
	A summary of intangible assets follows:
		Weighted Average
		Amortization Period of Finite Lived Assets (in years)		September 30, 2014								December 31, 2013
	(in thousands)			Gross				Accumulated		Net		Gross		Accumulated		Net
				Asset				Amortization				Asset		Amortization
	Intellectual property rights	16.5		$	93,067			$	50,328	$	42,739	$	95,052	$	48,960	$	46,092
	Customer relationships and backlog	13.8		412,752				108,292		304,460		420,951		86,556		334,395
	Drawings	37.9		11,149				10,027		1,122		11,149		9,951		1,198
	Other	12.8		64,125				40,879		23,246		64,800		37,562		27,238
	Total	14.4		$	581,093			$	209,526	$	371,567	$	591,952	$	183,029	$	408,923
	Amortization expense for these intangible assets is currently estimated to be approximately $11.1 million in total for the remainder of 2014, $38.4 million in 2015, $37.2 million in 2016, $36.3 million in 2017, $33.5 million in 2018 and $185.6 million in 2019 and thereafter.

Accrued_Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
Accrued Liabilities	'
	Accrued Liabilities
	Accrued liabilities consist of:
		September 30,			December 31,
		2014			2013
	(in thousands)
	Employee related expenses	$	79,682		$	91,984
	Warranty	16,368			18,923
	Other	124,694			112,241
	Total	$	220,744		$	223,148
	The Company accrues warranty liabilities when it is probable that an asset has been impaired or a liability has been incurred and the amount of the loss can be reasonably estimated. Warranty provision is included in cost of sales in the Condensed Consolidated Statements of Operations.
	A summary of the warranty liabilities is as follows:
	(in thousands)	Nine Months Ended September 30, 2014			Year Ended December 31, 2013
	Balance at beginning of period	$	18,923		$	10,718
	Expense	10,096			10,230
	Changes due to acquisitions/divestitures	(98		)	10,211
	Payments / deductions	(12,459		)	(12,464		)
	Currency translation	(94		)	228
	Balance at end of period	$	16,368		$	18,923

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Asbestos Liability
	Information Regarding Claims and Costs in the Tort System
	As of September 30, 2014, the Company was a defendant in cases filed in numerous state and federal courts alleging injury or death as a result of exposure to asbestos. Activity related to asbestos claims during the periods indicated was as follows:
		Three Months Ended						Nine Months Ended					Year Ended
		September 30,						September 30,					December 31,
		2014			2013			2014			2013		2013
	Beginning claims	49,770			54,969			51,490			56,442		56,442
	New claims	738			683			2,078			2,207		2,950
	Settlements	(218	)		(234	)		(772	)		(688	)	(1,142	)
	Dismissals	(2,368	)		(1,596	)		(4,874	)		(4,139	)	(6,762	)
	MARDOC claims*	—			—			—			—		2
	Ending claims	47,922			53,822			47,922			53,822		51,490
	* As of January 1, 2010, the Company was named in 36,448 maritime actions which had been administratively dismissed by the United States District Court for the Eastern District of Pennsylvania ("MARDOC claims"), and therefore were not classified as active claims. In addition, the Company was named in 8 new maritime actions in 2010 (also not classified as active claims). By settlement agreement of December 30, 2013, the Company resolved all of the remaining MARDOC claims with plaintiffs’ counsel.  The agreement resulted in the dismissal of all MARDOC claims against the Company.
	Of the 47,922 pending claims as of September 30, 2014, approximately 18,700 claims were pending in New York, approximately 9,600 claims were pending in Texas, approximately 5,100 claims were pending in Mississippi, and approximately 300 claims were pending in Ohio, all jurisdictions in which legislation or judicial orders restrict the types of claims that can proceed to trial on the merits.
	Substantially all of the claims the Company resolves are either dismissed or concluded through settlements. To date, the Company has paid three judgments arising from adverse jury verdicts in asbestos matters. The first payment, in the amount of $2.54 million, was made on July 14, 2008, approximately two years after the adverse verdict in the Joseph Norris matter in California, after the Company had exhausted all post-trial and appellate remedies. The second payment, in the amount of $0.02 million, was made in June 2009 after an adverse verdict in the Earl Haupt case in Los Angeles, California on April 21, 2009. The third payment, in the amount of $0.9 million, was made in June 2014, approximately two years after the adverse verdict in the William Paulus matter in California, after the Company had exhausted all post-trial and appellate remedies.
	The Company has tried several cases resulting in defense verdicts by the jury or directed verdicts for the defense by the court. The Company further has pursued appeals of certain adverse jury verdicts that have resulted in reversals in favor of the defense.
	On March 23, 2010, a Philadelphia, Pennsylvania, state court jury found the Company responsible for a 1/11th share of a $14.5 million verdict in the James Nelson claim, and for a 1/20th share of a $3.5 million verdict in the Larry Bell claim. On February 23, 2011, the court entered judgment on the verdicts in the amount of $0.2 million against the Company, only, in Bell, and in the amount of $4.0 million, jointly, against the Company and two other defendants in Nelson, with additional interest in the amount of $0.01 million being assessed against the Company, only, in Nelson. All defendants, including the Company, and the plaintiffs took timely appeals of certain aspects of those judgments.  The Company resolved the Bell appeal by settlement, which is reflected in the settled claims for 2012. On September 5, 2013, a panel of the Pennsylvania Superior Court, in a 2-1 decision, vacated the Nelson verdict against all defendants, reversing and remanding for a new trial.  Plaintiffs have requested a rehearing in the Superior Court, which the defendants, including the Company, have opposed. By order dated November 18, 2013, the Superior Court vacated the panel opinion, and granted en banc reargument, which was heard in the third quarter of 2014.
	On August 17, 2011, a New York City state court jury found the Company responsible for a 99% share of a $32 million verdict on the Ronald Dummitt claim. The Company filed post-trial motions seeking to overturn the verdict, to grant a new trial, or to reduce the damages, which the Company argued were excessive under New York appellate case law governing awards for non-economic losses. The Court held oral argument on these motions on October 18, 2011 and issued a written decision on August 21, 2012 confirming the jury's liability findings but reducing the award of damages to $8 million.  At plaintiffs' request, the Court entered a judgment in the amount of $4.9 million against the Company, taking into account settlement offsets and accrued interest under New York law.  The Company appealed, and the judgment was affirmed in a 3-2 decision and order dated July 3, 2014. The Company has appealed to the New York Court of Appeals. The Court has set a briefing schedule, which will be completed in the fourth quarter of 2014; oral argument will be heard in 2015.
	On March 9, 2012, a Philadelphia, Pennsylvania, state court jury found the Company responsible for a 1/8th share of a $123,000 verdict in the Frank Paasch claim. The Company and plaintiffs filed post-trial motions. On May 31, 2012, on plaintiffs’ motion, the Court entered an order dismissing the claim against the Company, with prejudice, and without any payment.
	On August 29, 2012, the Company received an adverse verdict in the William Paulus claim in Los Angeles, California. The jury found that the Company was responsible for ten percent (10%) of plaintiffs' non-economic damages of $6.5 million, plus a portion of plaintiffs' economic damages of $0.4 million. Based on California court rules regarding allocation of damages, judgment was entered in the amount of $0.8 million against the Company.  The Company filed post-trial motions requesting judgment in the Company's favor notwithstanding the jury's verdict, which were denied. The Company appealed, and the judgment was affirmed by order dated February 21, 2014. The Company sought review of certain aspects of the ruling before the California Supreme Court, and review was denied.  Having exhausted all post-trial and appellate remedies, the Company in June 2014 paid to plaintiffs the amount of $0.9 million, the judgment including interest, and this amount is included in second quarter indemnity totals.
	On October 23, 2012, the Company received an adverse verdict in the Gerald Suttner claim in Buffalo, New York. The jury found that the Company was responsible for four percent (4%) of plaintiffs' damages of $3 million.  The Company filed post-trial motions requesting judgment in the Company's favor notwithstanding the jury's verdict, which were denied.  The court entered a judgment of $0.1 million against the Company. The Company appealed, and the judgment was affirmed by order dated March 21, 2014. The Company sought reargument of this decision, which was denied.  The Company sought review before the New York Court of Appeals, which was accepted in the fourth quarter of 2014.
	On November 28, 2012, the Company received an adverse verdict in the James Hellam claim in Oakland, CA.  The jury found that the Company was responsible for seven percent (7%) of plaintiffs' non-economic damages of $4.5 million, plus a portion of their economic damages of $0.9 million.  Based on California court rules regarding allocation of damages, judgment was entered against the Company in the amount of $1.282 million.  The Company filed post-trial motions requesting judgment in the Company's favor notwithstanding the jury's verdict and also requesting that settlement offsets be applied to reduce the judgment in accordance with California law.  On January 31, 2013, the court entered an order disposing partially of that motion. On March 1, 2013, the Company filed an appeal regarding the portions of the motion that were denied. The court entered judgment against the Company in the amount of $1.1 million. The Company appealed. By opinion dated April 16, 2014, the Court of Appeal affirmed the finding of liability against the Company, and the California Supreme Court denied review of this ruling. The Court of Appeal reserved the arguments relating to recoverable damages to a subsequent appeal that remains pending.
	On February 25, 2013, a Philadelphia, Pennsylvania, state court jury found the Company responsible for a 1/10th share of a $2.5 million verdict in the Thomas Amato claim and a 1/5th share of a $2.3 million verdict in the Frank Vinciguerra claim, which were consolidated for trial.   The Company filed post-trial motions requesting judgments in the Company's favor notwithstanding the jury's verdicts or new trials, and also requesting that settlement offsets be applied to reduce the judgment in accordance with Pennsylvania law.  These motions were denied.  The Company has appealed.
	On March 1, 2013, a New York City state court jury entered a $35 million verdict against the Company in the Ivo Peraica claim. The Company filed post-trial motions seeking to overturn the verdict, to grant a new trial, or to reduce the damages, which the Company argues were excessive under New York appellate case law governing awards for non-economic losses and further were subject to settlement offsets.  After the trial court remitted the verdict to $18 million, but otherwise denied the Company’s post-trial motion, judgment also entered against the Company in the amount of $10.6 million (including interest). The Company has appealed. The Company has taken a separate appeal of the trial court’s denial of its summary judgment motion. The Court has consolidated the appeals, which were heard in the fourth quarter of 2014.
	On July 31, 2013, a Buffalo, New York state court jury entered a $3.1 million verdict against the Company in the Lee Holdsworth  claim.  The Company filed post-trial motions seeking to overturn the verdict, to grant a new trial, or to reduce the damages, which the Company argues were excessive under New York appellate case law governing awards for non-economic losses and further were subject to settlement offsets.  Post-trial motions were denied, and the court will set a hearing to assess the amount of damages. Plaintiffs have requested judgment in the amount of $1.1 million. The Company plans to pursue an appeal if necessary.
	On September 11, 2013, a Columbia, South Carolina state court jury in the Lloyd Garvin claim entered an $11 million verdict for compensatory damages against the Company and two other defendants jointly, and also awarded exemplary damages against the Company in the amount of $11 million.  The jury also awarded exemplary damages against both other defendants.  The Company has filed post-trial motions seeking to overturn the verdict, to grant a new trial, or to reduce the damages. The Company plans to pursue an appeal if necessary.
	On September 17, 2013, a Fort Lauderdale, Florida state court jury in the Richard DeLisle claim found the Company responsible for 16 percent of an $8 million verdict.  The trial court denied all parties’ post-trial motions, and entered judgment against the Company in the amount of $1.3 million. The Company has appealed.
	On June 16, 2014, a New York City state court jury entered a $15 million verdict against the Company in the Ivan Sweberg claim and a $10 million verdict against the Company in the Selwyn Hackshaw claim.  The two claims were consolidated for trial.  The Company filed post-trial motions seeking to overturn the verdicts, to grant new trials, or to reduce the damages, which the Company argues were excessive under New York appellate case law governing awards for non-economic losses and further were subject to settlement offsets.  The Company plans to pursue appeals if necessary.
	Such judgment amounts are not included in the Company’s incurred costs until all available appeals are exhausted and the final payment amount is determined.
	The gross settlement and defense costs incurred (before insurance recoveries and tax effects) for the Company for the nine-month periods ended September 30, 2014 and 2013 totaled $61.4 million and $67.9 million, respectively. In contrast to the recognition of settlement and defense costs, which reflect the current level of activity in the tort system, cash payments and receipts generally lag the tort system activity by several months or more, and may show some fluctuation from quarter to quarter. Cash payments of settlement amounts are not made until all releases and other required documentation are received by the Company, and reimbursements of both settlement amounts and defense costs by insurers may be uneven due to insurer payment practices, transitions from one insurance layer to the next excess layer and the payment terms of certain reimbursement agreements. The Company’s total pre-tax payments for settlement and defense costs, net of funds received from insurers, for the nine-month periods ended September 30, 2014 and 2013 totaled $46.2 million and $48.3 million, respectively. Detailed below are the comparable amounts for the periods indicated.
		Three Months Ended								Nine Months Ended						Year Ended
	(in millions)	September 30,								September 30,						December 31,
		2014				2013				2014			2013			2013
	Settlement / indemnity costs incurred (1)	$	3.2			$	9			$	18.5		$	23.2		$	31.6
	Defense costs incurred (1)	13.3				15.8				43			44.7			59.1
	Total costs incurred	$	16.5			$	24.8			$	61.4		$	67.9		$	90.8
	Settlement / indemnity payments	$	6.7			$	10.6			$	19.1		$	29.5		$	37.8
	Defense payments	15.5				14.8				42.9			42.6			59.5
	Insurance receipts	(6.8		)		(6.1		)		(15.8		)	(23.8		)	(34.5		)
	Pre-tax cash payments	$	15.4			$	19.4			$	46.2		$	48.3		$	62.8
	-1	Before insurance recoveries and tax effects.
	The amounts shown for settlement and defense costs incurred, and cash payments, are not necessarily indicative of future period amounts, which may be higher or lower than those reported.
	Cumulatively through September 30, 2014, the Company has resolved (by settlement or dismissal) approximately 106,000 claims, not including the MARDOC claims referred to above. The related settlement cost incurred by the Company and its insurance carriers is approximately $418 million, for an average settlement cost per resolved claim of approximately $4,000. The average settlement cost per claim resolved during the years ended December 31, 2013, 2012 and 2011 was $3,300, $6,300 and $4,123, respectively. Because claims are sometimes dismissed in large groups, the average cost per resolved claim, as well as the number of open claims, can fluctuate significantly from period to period. In addition to large group dismissals, the nature of the disease and corresponding settlement amounts for each claim resolved will also drive changes from period to period in the average settlement cost per claim. Accordingly, the average cost per resolved claim is not considered in the Company’s periodic review of its estimated asbestos liability. For a discussion regarding the four most significant factors affecting the liability estimate, see “Effects on the Condensed Consolidated Financial Statements”.
	Effects on the Condensed Consolidated Financial Statements
	The Company has retained the firm of Hamilton, Rabinovitz & Associates, Inc. (“HR&A”), a nationally recognized expert in the field, to assist management in estimating the Company’s asbestos liability in the tort system. HR&A reviews information provided by the Company concerning claims filed, settled and dismissed, amounts paid in settlements and relevant claim information such as the nature of the asbestos-related disease asserted by the claimant, the jurisdiction where filed and the time lag from filing to disposition of the claim. The methodology used by HR&A to project future asbestos costs is based largely on the Company’s experience during a base reference period of eleven quarterly periods (consisting of the two full preceding calendar years and three additional quarterly periods to the estimate date) for claims filed, settled and dismissed. The Company's experience is then compared to the results of widely used previously conducted epidemiological studies estimating the number of individuals likely to develop asbestos-related diseases. Those studies were undertaken in connection with national analyses of the population of workers believed to have been exposed to asbestos. Using that information, HR&A estimates the number of future claims that would be filed against the Company and estimates the aggregate settlement or indemnity costs that would be incurred to resolve both pending and future claims based upon the average settlement costs by disease during the reference period. This methodology has been accepted by numerous courts. After discussions with the Company, HR&A augments its liability estimate for the costs of defending asbestos claims in the tort system using a forecast from the Company which is based upon discussions with its defense counsel. Based on this information, HR&A compiles an estimate of the Company’s asbestos liability for pending and future claims, based on claim experience during the reference period and covering claims expected to be filed through the indicated forecast period. The most significant factors affecting the liability estimate are (1) the number of new mesothelioma claims filed against the Company, (2) the average settlement costs for mesothelioma claims, (3) the percentage of mesothelioma claims dismissed against the Company and (4) the aggregate defense costs incurred by the Company. These factors are interdependent, and no one factor predominates in determining the liability estimate. Although the methodology used by HR&A can be applied to show claims and costs for periods subsequent to the indicated period (up to and including the endpoint of the asbestos studies referred to above), management believes that the level of uncertainty regarding the various factors used in estimating future asbestos costs is too great to provide for reasonable estimation of the number of future claims, the nature of such claims or the cost to resolve them for years beyond the indicated estimate.
	In the Company’s view, the forecast period used to provide the best estimate for asbestos claims and related liabilities and costs is a judgment based upon a number of trend factors, including the number and type of claims being filed each year; the jurisdictions where such claims are filed, and the effect of any legislation or judicial orders in such jurisdictions restricting the types of claims that can proceed to trial on the merits; and the likelihood of any comprehensive asbestos legislation at the federal level. In addition, the dynamics of asbestos litigation in the tort system have been significantly affected over the past five to ten years by the substantial number of companies that have filed for bankruptcy protection, thereby staying any asbestos claims against them until the conclusion of such proceedings, and the establishment of a number of post-bankruptcy trusts for asbestos claimants, which are estimated to provide $36 billion for payments to current and future claimants. These trend factors have both positive and negative effects on the dynamics of asbestos litigation in the tort system and the related best estimate of the Company’s asbestos liability, and these effects do not move in a linear fashion but rather change over multi-year periods. Accordingly, the Company’s management continues to monitor these trend factors over time and periodically assesses whether an alternative forecast period is appropriate.
	Each quarter, HR&A compiles an update based upon the Company’s experience in claims filed, settled and dismissed during the updated reference period (consisting of the preceding eleven quarterly periods) as well as average settlement costs by disease category (mesothelioma, lung cancer, other cancer and non-malignant conditions including asbestosis) during that period. In addition to this claims experience, the Company also considers additional quantitative and qualitative factors such as the nature of the aging of pending claims, significant appellate rulings and legislative developments, and their respective effects on expected future settlement values. As part of this process, the Company also takes into account trends in the tort system such as those enumerated above. Management considers all these factors in conjunction with the liability estimate of HR&A and determines whether a change in the estimate is warranted.
	Liability Estimate. With the assistance of HR&A, effective as of December 31, 2011, the Company updated and extended its estimate of the asbestos liability, including the costs of settlement or indemnity payments and defense costs relating to currently pending claims and future claims projected to be filed against the Company through 2021. The Company’s previous estimate was for asbestos claims filed or projected to be filed through 2017. As a result of this updated estimate, the Company recorded an additional liability of $285 million as of December 31, 2011. The Company’s decision to take this action at such date was based on several factors which contribute to the Company’s ability to reasonably estimate this liability for the additional period noted. First, the number of mesothelioma claims (which although constituting approximately 8% of the Company’s total pending asbestos claims, have accounted for approximately 90% of the Company’s aggregate settlement and defense costs) being filed against the Company and associated settlement costs have recently stabilized. In the Company’s opinion, the outlook for mesothelioma claims expected to be filed and resolved in the forecast period is reasonably stable. Second, there have been favorable developments in the trend of case law which has been a contributing factor in stabilizing the asbestos claims activity and related settlement costs. Third, there have been significant actions taken by certain state legislatures and courts over the past several years that have reduced the number and types of claims that can proceed to trial, which has been a significant factor in stabilizing the asbestos claims activity. Fourth, the Company has now entered into coverage-in-place agreements with almost all of its excess insurers, which enables the Company to project a more stable relationship between settlement and defense costs paid by the Company and reimbursements from its insurers. Taking all of these factors into account, the Company believes that it can reasonably estimate the asbestos liability for pending claims and future claims to be filed through 2021. While it is probable that the Company will incur additional charges for asbestos liabilities and defense costs in excess of the amounts currently provided, the Company does not believe that any such amount can be reasonably estimated beyond 2021. Accordingly, no accrual has been recorded for any costs which may be incurred for claims which may be made subsequent to 2021.
	Management has made its best estimate of the costs through 2021 based on the analysis by HR&A completed in January 2012. Through September 30, 2014, the Company’s actual experience during the updated reference period for mesothelioma claims filed and dismissed generally approximated the assumptions in the Company’s liability estimate. In addition to this claims experience, the Company considered additional quantitative and qualitative factors such as the nature of the aging of pending claims, significant appellate rulings and legislative developments, and their respective effects on expected future settlement values. Based on this evaluation, the Company determined that no change in the estimate was warranted for the period ended September 30, 2014. Nevertheless, if certain factors show a pattern of sustained increase or decrease, the liability could change materially; however, all the assumptions used in estimating the asbestos liability are interdependent and no single factor predominates in determining the liability estimate. Because of the uncertainty with regard to and the interdependency of such factors used in the calculation of its asbestos liability, and since no one factor predominates, the Company believes that a range of potential liability estimates beyond the indicated forecast period cannot be reasonably estimated.
	A liability of $894 million was recorded as of December 31, 2011 to cover the estimated cost of asbestos claims now pending or subsequently asserted through 2021, of which approximately 80% is attributable to settlement and defense costs for future claims projected to be filed through 2021. The liability is reduced when cash payments are made in respect of settled claims and defense costs. The liability was $637 million as of September 30, 2014. It is not possible to forecast when cash payments related to the asbestos liability will be fully expended; however, it is expected such cash payments will continue for a number of years past 2021, due to the significant proportion of future claims included in the estimated asbestos liability and the lag time between the date a claim is filed and when it is resolved. None of these estimated costs have been discounted to present value due to the inability to reliably forecast the timing of payments. The current portion of the total estimated liability at September 30, 2014 was $88 million and represents the Company’s best estimate of total asbestos costs expected to be paid during the twelve-month period. Such amount is based upon the HR&A model together with the Company’s prior year payment experience for both settlement and defense costs.
	Insurance Coverage and Receivables. Prior to 2005, a significant portion of the Company’s settlement and defense costs were paid by its primary insurers. With the exhaustion of that primary coverage, the Company began negotiations with its excess insurers to reimburse the Company for a portion of its settlement and/or defense costs as incurred. To date, the Company has entered into agreements providing for such reimbursements, known as “coverage-in-place”, with eleven of its excess insurer groups. Under such coverage-in-place agreements, an insurer’s policies remain in force and the insurer undertakes to provide coverage for the Company’s present and future asbestos claims on specified terms and conditions that address, among other things, the share of asbestos claims costs to be paid by the insurer, payment terms, claims handling procedures and the expiration of the insurer’s obligations. Similarly, under a variant of coverage-in-place, the Company has entered into an agreement with a group of insurers confirming the aggregate amount of available coverage under the subject policies and setting forth a schedule for future reimbursement payments to the Company based on aggregate indemnity and defense payments made. In addition, with ten of its excess insurer groups, the Company entered into policy buyout agreements, settling all asbestos and other coverage obligations for an agreed sum, totaling $82.5 million in aggregate. Reimbursements from insurers for past and ongoing settlement and defense costs allocable to their policies have been made in accordance with these coverage-in-place and other agreements. All of these agreements include provisions for mutual releases, indemnification of the insurer and, for coverage-in-place, claims handling procedures. With the agreements referenced above, the Company has concluded settlements with all but one of its solvent excess insurers whose policies are expected to respond to the aggregate costs included in the updated liability estimate. That insurer, which issued a single applicable policy, has been paying the shares of defense and indemnity costs the Company has allocated to it, subject to a reservation of rights. There are no pending legal proceedings between the Company and any insurer contesting the Company’s asbestos claims under its insurance policies.
	In conjunction with developing the aggregate liability estimate referenced above, the Company also developed an estimate of probable insurance recoveries for its asbestos liabilities. In developing this estimate, the Company considered its coverage-in-place and other settlement agreements described above, as well as a number of additional factors. These additional factors include the financial viability of the insurance companies, the method by which losses will be allocated to the various insurance policies and the years covered by those policies, how settlement and defense costs will be covered by the insurance policies and interpretation of the effect on coverage of various policy terms and limits and their interrelationships. In addition, the timing and amount of reimbursements will vary because the Company’s insurance coverage for asbestos claims involves multiple insurers, with different policy terms and certain gaps in coverage. In addition to consulting with legal counsel on these insurance matters, the Company retained insurance consultants to assist management in the estimation of probable insurance recoveries based upon the aggregate liability estimate described above and assuming the continued viability of all solvent insurance carriers. Based upon the analysis of policy terms and other factors noted above by the Company’s legal counsel, and incorporating risk mitigation judgments by the Company where policy terms or other factors were not certain, the Company’s insurance consultants compiled a model indicating how the Company’s historical insurance policies would respond to varying levels of asbestos settlement and defense costs and the allocation of such costs between such insurers and the Company. Using the estimated liability as of December 31, 2011 (for claims filed or expected to be filed through 2021), the insurance consultant’s model forecasted that approximately 25% of the liability would be reimbursed by the Company’s insurers. While there are overall limits on the aggregate amount of insurance available to the Company with respect to asbestos claims, those overall limits were not reached by the total estimated liability currently recorded by the Company, and such overall limits did not influence the Company in its determination of the asset amount to record. The proportion of the asbestos liability that is allocated to certain insurance coverage years, however, exceeds the limits of available insurance in those years. The Company allocates to itself the amount of the asbestos liability (for claims filed or expected to be filed through 2021) that is in excess of available insurance coverage allocated to such years. An asset of $225 million was recorded as of December 31, 2011 representing the probable insurance reimbursement for such claims expected through 2021. The asset is reduced as reimbursements and other payments from insurers are received. The asset was $155 million as of September 30, 2014.
	The Company reviews the aforementioned estimated reimbursement rate with its insurance consultants on a periodic basis in order to confirm its overall consistency with the Company’s established reserves. The reviews encompass consideration of the performance of the insurers under coverage-in-place agreements and the effect of any additional lump-sum payments under policy buyout agreements. Since December 2011, there have been no developments that have caused the Company to change the estimated 25% rate, although actual insurance reimbursements vary from period to period, and will decline over time, for the reasons cited above.
	Uncertainties. Estimation of the Company’s ultimate exposure for asbestos-related claims is subject to significant uncertainties, as there are multiple variables that can affect the timing, severity and quantity of claims and the manner of their resolution. The Company cautions that its estimated liability is based on assumptions with respect to future claims, settlement and defense costs based on past experience that may not prove reliable as predictors. A significant upward or downward trend in the number of claims filed, depending on the nature of the alleged injury, the jurisdiction where filed and the quality of the product identification, or a significant upward or downward trend in the costs of defending claims, could change the estimated liability, as would substantial adverse verdicts at trial that withstand appeal. A legislative solution, structured settlement transaction, or significant change in relevant case law could also change the estimated liability.
	The same factors that affect developing estimates of probable settlement and defense costs for asbestos-related liabilities also affect estimates of the probable insurance reimbursements, as do a number of additional factors. These additional factors include the financial viability of the insurance companies, the method by which losses will be allocated to the various insurance policies and the years covered by those policies, how settlement and defense costs will be covered by the insurance policies and interpretation of the effect on coverage of various policy terms and limits and their interrelationships. In addition, due to the uncertainties inherent in litigation matters, no assurances can be given regarding the outcome of any litigation, if necessary, to enforce the Company’s rights under its insurance policies or settlement agreements.
	Many uncertainties exist surrounding asbestos litigation, and the Company will continue to evaluate its estimated asbestos-related liability and corresponding estimated insurance reimbursement as well as the underlying assumptions and process used to derive these amounts. These uncertainties may result in the Company incurring future charges or increases to income to adjust the carrying value of recorded liabilities and assets, particularly if the number of claims and settlement and defense costs change significantly, or if there are significant developments in the trend of case law or court procedures, or if legislation or another alternative solution is implemented; however, the Company is currently unable to estimate such future changes and, accordingly, while it is probable that the Company will incur additional charges for asbestos liabilities and defense costs in excess of the amounts currently provided, the Company does not believe that any such amount can be reasonably determined beyond 2021. Although the resolution of these claims may take many years, the effect on the results of operations, financial position and cash flow in any given period from a revision to these estimates could be material.
	Other Contingencies
	Environmental Matters
	For environmental matters, the Company records a liability for estimated remediation costs when it is probable that the Company will be responsible for such costs and they can be reasonably estimated. Generally, third party specialists assist in the estimation of remediation costs. The environmental remediation liability as of September 30, 2014 is substantially related to the former manufacturing sites in Goodyear, Arizona (the “Goodyear Site”) and Roseland, New Jersey (“Roseland Site”) each discussed below.
	Goodyear Site
	The Goodyear Site was operated by UniDynamics/Phoenix, Inc. (“UPI”), which became an indirect subsidiary of the Company in 1985 when the Company acquired UPI’s parent company, UniDynamics Corporation. UPI manufactured explosive and pyrotechnic compounds, including components for critical military programs, for the U.S. government at the Goodyear Site from 1962 to 1993, under contracts with the Department of Defense and other government agencies and certain of their prime contractors. No manufacturing operations have been conducted at the Goodyear Site since 1994. The Goodyear Site was placed on the National Priorities List in 1983, and is now part of the Phoenix-Goodyear Airport North Superfund Site. In 1990, the U.S. Environmental Protection Agency (“EPA”) issued administrative orders requiring UPI to design and carry out certain remedial actions, which UPI has done. Groundwater extraction and treatment systems have been in operation at the Goodyear Site since 1994. A soil vapor extraction system was in operation from 1994 to 1998, was restarted in 2004, and is currently in operation. The Company recorded a liability in 2004 for estimated costs to remediate the Goodyear Site. On July 26, 2006, the Company entered into a consent decree with the EPA with respect to the Goodyear Site providing for, among other things, a work plan for further investigation and remediation activities (inclusive of a supplemental remediation investigation and feasibility study). During the fourth quarter of 2007, the Company and its technical advisors determined that changing groundwater flow rates and contaminant plume direction at the Goodyear Site required additional extraction systems as well as modifications and upgrades of the existing systems. In consultation with its technical advisors, the Company prepared a forecast of the expenditures required for these new and upgraded systems as well as the costs of operation over the forecast period through 2014. Taking these additional costs into consideration, the Company estimated its liability for the costs of such activities through 2014 to be $41.5 million as of December 31, 2007. During the fourth quarter of 2008, based on further consultation with the Company’s advisors and the EPA and in response to groundwater monitoring results that reflected a continuing migration in contaminant plume direction during the year, the Company revised its forecast of remedial activities to increase the level of extraction systems and the number of monitoring wells in and around the Goodyear Site, among other things. As of December 31, 2008, the revised liability estimate was $65.2 million which resulted in an additional charge of $24.3 million during the fourth quarter of 2008. During the fourth quarter of 2011, additional remediation activities were determined to be required, in consultation with the Company’s advisors, to further address the migration of the contaminant plume. As a result, the Company recorded a charge of $30.3 million during the fourth quarter of 2011, extending the accrued costs through 2016. During the third quarter of 2014, the EPA issued a Record of Decision amendment requiring, among other things, additional source area remediation resulting in the Company recording a charge of $49.0 million, extending the accrued costs through 2022. The total estimated gross liability was $82.6 million as of September 30, 2014, and as described below, a portion is reimbursable by the U.S. Government. The current portion of the total estimated liability was approximately $12.2 million and represents the Company’s best estimate, in consultation with its technical advisors, of total remediation costs expected to be paid during the twelve-month period.
	Estimates of the Company’s environmental liabilities at the Goodyear Site are based on currently available facts, present laws and regulations and current technology available for remediation, and are recorded on an undiscounted basis. These estimates consider the Company’s prior experience in the Goodyear Site investigation and remediation, as well as available data from, and in consultation with, the Company’s environmental specialists. Estimates at the Goodyear Site are subject to significant uncertainties caused primarily by the dynamic nature of the Goodyear Site conditions, the range of remediation alternatives available, together with the corresponding estimates of cleanup methodology and costs, as well as ongoing, required regulatory approvals, primarily from the EPA. Accordingly, it is likely that upon completing the supplemental remediation investigation and the feasibility study and reaching a final work plan, which is now expected to be completed in or before 2019, an adjustment to the Company’s liability estimate may be necessary to account for the agreed upon additional work as further information and circumstances regarding the Goodyear Site characterization develop. While actual remediation cost therefore may be more than amounts accrued, the Company believes it has established adequate reserves for all probable and reasonably estimable costs.
It is not possible at this point to reasonably estimate the amount of any obligation in excess of the Company’s current accruals through the 2022 forecast period because of the aforementioned uncertainties, in particular, the continued significant changes in the Goodyear Site conditions and additional expectations of remediation activities experienced in recent years.
On July 31, 2006, the Company entered into a consent decree with the U.S. Department of Justice on behalf of the Department of Defense and the Department of Energy pursuant to which, among other things, the U.S. Government reimburses the Company for 21% of qualifying costs of investigation and remediation activities at the Goodyear Site. As of September 30, 2014, the Company has recorded a receivable of $18.7 million for the expected reimbursements from the U.S. Government in respect of the aggregate liability as at that date. The receivable is reduced as reimbursements and other payments from the U.S. Government are received.
Roseland Site
The Roseland Site was operated by Resistoflex Corporation (“Resistoflex”), which became an indirect subsidiary of the Company in 1985 when the Company acquired Resistoflex’s parent company, UniDynamics Corporation. Resistoflex manufactured specialty lined pipe and fittings at the site from the 1950s until it was closed in the mid-1980s. In 2009, at the request of the New Jersey Department of Environmental Protection (“NJDEP”), the Company performed certain tests of the indoor air quality of approximately 40 homes in a residential area surrounding the Roseland Site to determine if any contaminants (volatile organic compound vapors from groundwater) from the Roseland Site were present in those homes. The test results showed that three homes had volatile organic compound vapors above NJ DEP's recommended concentration levels, and the Company installed vapor mitigation equipment in those homes. On April 15, 2011, those three homeowners, and the tenants in one of those homes, filed separate suits against the Company seeking unspecified compensatory and punitive damages for their lost property value and nuisance. In addition, a homeowner in the testing area, whose home tested negative for the presence of contaminants, filed a class action suit against the Company on behalf of himself and 138 other homeowners in the surrounding area, claiming damages in the nature of loss of value on their homes due to their proximity to the Roseland Site. The plaintiffs in these cases amended their complaints to assert claims under New Jersey's Environmental Rights Act for the Company's alleged failure to properly report its waste discharge practices in the late 1960s and early 1970s, and for natural resource damages. In late December 2013, the plaintiffs moved to have a class of 139 homeowners certified, and the motion was granted in early February 2014. At the same time the Court also entered partial summary judgment on liability for the three homes where the Company had installed vapor mitigation equipment. The Company reached an agreement to settle all current claims with the class and individual plaintiffs for a one-time payment of $6.5 million. This agreement was approved by the Court on July 23, 2014 and the Company completed all obligations required of it to complete the settlement on October 10, 2014.
The Company undertook an extensive soil remediation effort at the Roseland Site following its closure, and had been monitoring the Site’s condition in the years that followed. In response to changes in remediation standards, the Company has conducted further site characterization and delineation studies. In the three months ended September 30, 2014, the Company, in consultation with its advisors, substantially completed its assessment of soil and groundwater contaminants at the Roseland Site, and developed an enhanced remediation plan for the site, which includes further soil removal, groundwater treatment, and soil vapor extraction, resulting in a charge of $6.8 million for remediation activities which are expected to be completed by 2017. Estimates of the Company’s environmental liabilities at the Roseland Site are based on currently available facts, present laws and regulations and current technology available for remediation, and are recorded on an undiscounted basis. While actual remediation cost may be more or less than amounts accrued, the Company believes it has established adequate reserves for all probable and reasonably estimable costs.
Other Environmental Matters
The Company has been identified as a potentially responsible party (“PRP”) with respect to environmental contamination at the Crab Orchard National Wildlife Refuge Superfund Site (the “Crab Orchard Site”). The Crab Orchard Site is located near Marion, Illinois, and consists of approximately 55,000 acres. Beginning in 1941, the United States used the Crab Orchard Site for the production of ordnance and other related products for use in World War II. In 1947, the Crab Orchard Site was transferred to the United States Fish and Wildlife Service (“FWS”), and about half of the Crab Orchard Site was leased to a variety of industrial tenants whose activities (which continue to this day) included manufacturing ordnance and explosives. A predecessor to the Company formerly leased portions of the Crab Orchard Site, and conducted manufacturing operations at the Crab Orchard Site from 1952 until 1964. General Dynamics Ordnance and Tactical Systems, Inc. (“GD-OTS”) is in the process of conducting a remedial investigation and feasibility study for the Additional and Uncharacterized Sites Operable Unit (“AUS-OU”) at the Crab Orchard Site, pursuant to an Administrative Order on Consent between GD-OTS and the FWS, the EPA and the Illinois Environmental Protection Agency. The Company is not a party to that agreement, and has not been asked by any agency of the United States Government or the State of Illinois to participate in any investigative or remedial activity relative to the Crab Orchard Site. The Company has been informed that GD-OTS completed a Phase I remedial investigation in 2008, and a Phase II remedial investigation in 2010. Additionally, FWS completed initial human health and baseline ecological risk assessments in 2010, and its revised human health risk assessment and baseline ecological risk assessment were completed in June 2014. GD-OTS projected that it would submit a revised remedial investigation report (including the results of a remedial investigation “addendum”) in mid-September 2014, but it is unknown if GD-OTS did so as projected. GD-OTS projects that the final remedial investigation report will be submitted in January 2015. Work on interim deliverables for the feasibility study is reportedly underway, with submission of the draft feasibility study report projected for early 2016. It is unclear when a final Record of Decision may be issued.
GD-OTS has asked the Company to participate in a voluntary cost allocation/mediation exercise with respect to response costs it has incurred or will incur with respect to the AUS-OU. The Company, along with a number of other PRPs that were contacted, initially declined, citing the absence of certain necessary parties as well as an underdeveloped environmental record. More recently, in light of the ongoing investigative activities, and the apparent willingness of the U.S. government to participate in a mediation proceeding, a number of PRPs (including GD-OTS, the U.S. government, and the Company) have indicated their intention to participate in a non-binding mediation process, and have agreed upon the terms of a mediation process agreement. At present, it appears that this mediation agreement may be executed upon issuance of the final remedial investigation report in early 2015. The Company at present cannot predict when any determination of the allocable share of the various PRPs, including the U.S. Government, is likely to be completed. Although a loss is probable, it is not possible at this time to reasonably estimate the amount of any obligation for remediation of the Crab Orchard Site because the extent of the environmental impact, allocation among PRPs, remediation alternatives, and concurrence of regulatory authorities have not yet advanced to the stage where a reasonable estimate can be made. The Company has notified its insurers of this potential liability and will seek coverage under its insurance policies.
On a related matter, the United States has brought suit against GD-OTS and Schlumberger Technology Corporation (“Schlumberger”), seeking to recover response costs that the United States has allegedly incurred in connection with alleged environmental contamination at a portion of the Crab Orchard Site known as “Site 36,” which is within the Site's Miscellaneous Areas Operable Unit. This area, reported to be the wastewater treatment plant formerly serving the Crab Orchard Site, is not a part of the AUS-OU, as discussed above. On June 1, 2012, GD-OTS and Schlumberger filed a third-party complaint against the Company and seven other third-party defendants, seeking to shift a portion of any costs that GD-OTS and Schlumberger are held liable to pay to other entities formerly conducting activities at Site 36. GD-OTS and Schlumberger have also counterclaimed against the United States, seeking to compel the United States to bear a share of the response costs the United States allegedly has incurred. The United States, GD-OTS, Schlumberger, the Company, and all remaining third-party defendants have resolved their claims against each other and have finalized the terms of a consent decree, which was entered by the Court on April 1, 2014. Pursuant to the parties’ agreement, the Company paid $166,667 to resolve all past and future claims for response costs relating to Site 36. The Company notified its insurers of this liability and has obtained an agreement for coverage for the settlement amount referenced above.
Other Proceedings
A number of other lawsuits, claims and proceedings have been or may be asserted against the Company relating to the conduct of its business, including those pertaining to product liability, patent infringement, commercial, employment, employee benefits, environmental and stockholder matters. While the outcome of litigation cannot be predicted with certainty, and some of these other lawsuits, claims or proceedings may be determined adversely to the Company, the Company does not believe that the disposition of any such other pending matters is likely to have a material impact on its financial condition or liquidity, although the resolution in any reporting period of one or more of these matters could have a significant impact on the Company's results of operations and cash flows for that period.
Other Commitments
The Company entered into a five year operating lease for an airplane in the first quarter of 2014 which included a maximum residual value guarantee of $7.8 million by the Company if the fair value of the airplane is less than $9.5 million at the end of the lease term. In the three months ended March 31, 2014, the Company made a $9.5 million residual value guarantee payment in connection with the previous airplane lease which ended January 30, 2014 . This payment was reported within other in “Total used for operating activities” on the Condensed Consolidated Statements of Cash Flows.

Pension_and_Other_Postretireme

Pension and Other Postretirement Benefit Plans	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefit Plans	'
	Pension and Other Postretirement Benefit Plans
	The components of net periodic cost are as follows:
		Three Months Ended September 30,												Nine Months Ended September 30,
	(in thousands)	Pension Benefits						Other						Pension Benefits						Other
								Postretirement												Postretirement
								Benefits												Benefits
		2014			2013			2014			2013			2014			2013			2014			2013
	Service cost	$	1,258		$	1,513		$	21		$	22		$	3,773		$	4,540		$	64		$	67
	Interest cost	10,234			9,144			96			93			30,701			27,433			288			279
	Expected return on plan assets	(15,714		)	(12,970		)	—			—			(47,140		)	(38,909		)	—			—
	Amortization of prior service cost	30			3			(58		)	(59		)	90			10			(173		)	(177		)
	Amortization of net loss (gain)	1,257			3,444			(49		)	(11		)	3,771			10,330			(149		)	(34		)
	Net periodic cost	$	(2,935	)	$	1,134		$	10		$	45		$	(8,805	)	$	3,404		$	30		$	135
	The Company expects, based on current actuarial calculations, to contribute approximately $24 million to its defined benefit plans and $1 million to its other postretirement benefit plans in 2014, of which $22.4 million and $0.3 million have been contributed during the first nine months of 2014, respectively. The Company contributed $15 million to its defined benefit plans and $1 million to its other postretirement benefit plans in 2013. Cash contributions for subsequent years will depend on a number of factors, including the impact of the Pension Protection Act signed into law in 2006, changes in minimum funding requirements, long-term interest rates, the investment performance of plan assets and changes in employee census data affecting the Company’s projected benefit obligations.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	Effective Tax Rates
	The Company's effective tax rates are as follows:
		2014	2013
	Three months ended September 30,	27.50%	30.10%
	Nine months ended September 30,	30.60%	30.40%
	The Company’s effective tax rate for the three months ended September 30, 2014 is lower than the prior year’s comparable period primarily due to income earned in jurisdictions with lower statutory tax rates, the favorable resolution of certain non-U.S. tax assessments, and a lower amount of statutorily non-deductible expenses. These items are partially offset by the effect of the statutory expiration of the U.S. federal research tax credit as of December 31, 2013, and a lower U.S. federal tax benefit from domestic manufacturing activities.
	The Company’s effective tax rate for the nine months ended September 30, 2014 is higher than the prior year’s comparable period primarily due to the absence of tax benefits related to the U.S. federal research tax credit, including both the one-time benefit recognized in the first quarter of 2013 related to the credit’s extension with retroactive effect to January 1, 2012 and the effect of the credit’s statutory expiration as of December 31, 2013, as well as a lower U.S. federal tax benefit from domestic manufacturing activities. These items were partially offset by income earned in jurisdictions with lower statutory tax rates, the favorable resolution of certain non-U.S. tax assessments, and a lower amount of statutorily non-deductible expenses.
	The Company’s effective tax rates for the three and nine months ended September 30, 2014 are lower than the statutory U.S. federal tax rate of 35% primarily as a result of income earned in jurisdictions with tax rates lower than the U.S. statutory rate and the U.S. federal tax benefit for domestic manufacturing activities. These items are partially offset by U.S. state taxes, and certain statutorily non-deductible expenses.
	Unrecognized Tax Benefits
	During the three and nine months ended September 30, 2014, the Company’s gross unrecognized tax benefits increased by $1.5 million and $5.8 million, respectively, primarily as a result of tax positions taken in both the current and prior periods, partially offset by settlements with taxing authorities. During the three and nine months ended September 30, 2014, the total amount of unrecognized tax benefits that, if recognized, would affect the Company’s effective tax rate increased by $1.4 million and $5.9 million, respectively.
	The Company recognizes interest and penalties related to unrecognized tax benefits as a component of its income tax expense. During the three and nine months ended September 30, 2014, the Company recognized $0.3 million and $0.7 million, respectively, of interest and penalty expense related to unrecognized tax benefits in its Condensed Consolidated Statements of Operations. At September 30, 2014 and December 31, 2013, the total amount of accrued interest and penalty expense related to unrecognized tax benefits recorded in the Company’s Condensed Consolidated Balances Sheets was $4.7 million and $4.0 million, respectively.
	As of September 30, 2014, it is reasonably possible that the Company’s unrecognized tax benefits may not significantly change during the next twelve months.
	Income Tax Examinations
	The Company’s income tax returns are subject to examination by U.S. federal, U.S. state and local, and non-U.S. tax authorities.
	The Company’s federal income tax returns for the years 2010 through 2012 are currently under audit by the U.S. Internal Revenue Service, and its federal income tax return for 2013 remains subject to examination. In addition, certain of the Company’s consolidated federal tax carryforwards generated before 2010 remain subject to examination, as do acquired subsidiaries’ federal income tax returns (2011 through 2013) and federal tax carryforwards (2006 through 2013).
	With few exceptions, the Company is no longer subject to U.S. state and local or non-U.S. income tax examinations for years before 2009. As of September 30, 2014, the Company and its subsidiaries are under examination in various jurisdictions, including Germany for the years 2006 through 2011. During the quarter ended September 30, 2014, the Company’s appeal of Canadian tax assessments for the years 2007 through 2009 was resolved in the Company’s favor.
	The Company believes it has provided adequate income tax accruals for all jurisdictions’ open years; however, the ultimate resolution of all income tax examinations is uncertain. If issues raised during examinations of the Company’s income tax returns are not resolved in a manner consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs.

LongTerm_Debt_and_Notes_Payabl

Long-Term Debt and Notes Payable	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Long-Term Debt and Notes Payable	'
	Long-Term Debt and Short-Term Borrowings
	The following table summarizes the Company’s debt as of September 30, 2014 and December 31, 2013:
	(in thousands)	September 30,		December 31,
		2014		2013
	Long-term debt consists of:
	2.75% notes due 2018	$	249,971	$	249,965
	4.45% notes due 2023	299,977		299,976
	6.55% notes due 2036	199,254		199,229
	Total long-term debt	$	749,202	$	749,170
	Short-term borrowings	$	114,814	$	125,826
	During the nine months ended September 30, 2014, the Company repaid $11 million against its Amended and Restated Credit Agreement five year credit facility which is classified as short-term on our Condensed Consolidated Balance Sheets.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments and Hedging Activities	'
	Derivative Instruments and Hedging Activities
	The Company is exposed to certain risks related to its ongoing business operations, including market risks related to fluctuation in currency exchange. The Company uses foreign exchange contracts to manage the risk of certain cross-currency business relationships to minimize the impact of currency exchange fluctuations on the Company’s earnings and cash flows. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. As of September 30, 2014, the foreign exchange contracts designated as hedging instruments did not have a material impact on the Company’s statement of operations, balance sheet or cash flows. Foreign exchange contracts not designated as hedging instruments, which primarily pertain to foreign exchange fluctuation risk of intercompany positions, had a notional value of $235 million and $300 million as of September 30, 2014 and December 31, 2013, respectively. The settlement of derivative contracts for the nine months ended September 30, 2014 and 2013 resulted in a net cash (outflows) inflows of ($7.1 million) and $4.9 million, respectively, and is reported within other in “Total used for operating activities” on the Condensed Consolidated Statements of Cash Flows. As of September 30, 2014 and December 31, 2013, the Company's receivable position for the foreign exchange contracts was $3.0 million and $2.8 million, respectively. As of September 30, 2014 and December 31, 2013, the Company's payable position for the foreign exchange contracts was $4.2 million and $5.9 million, respectively.

Fair_Value_Measurements

Fair Value Measurements

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

'

Fair Value Measurements

'

Fair Value Measurements

Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are to be considered from the perspective of a market participant that holds the asset or owes the liability. The standards also establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

The standards describe three levels of inputs that may be used to measure fair value:

Level 1: Quoted prices in active markets for identical or similar assets and liabilities.

Level 2: Quoted prices for identical or similar assets and liabilities in markets that are not active or observable inputs other than quoted prices in active markets for identical or similar assets and liabilities. Level 2 assets and liabilities include over-the-counter derivatives, principally forward foreign exchange contracts, whose value is determined using pricing models with inputs that are generally based on published foreign exchange rates and exchange traded prices, adjusted for other specific inputs that are primarily observable in the market or can be derived principally from or corroborated by observable market data.

Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The following table summarizes assets and liabilities measured at fair value on a recurring basis at the dates indicated:

30-Sep-14

31-Dec-13

Quoted

Significant

Significant

Quoted

Significant

Significant

Prices in

Other

Unobservable

Prices in

Other

Unobservable

Active

Observable

Inputs

Active

Observable

Inputs

Markets for

Inputs

Markets for

Inputs

Identical

Identical

Assets

Assets

(in thousands)

Level 1

Level 2

Level 3

Total Fair

Level 1

Level 2

Level 3

Total Fair

Value

Value

Assets:

Derivatives - foreign exchange contracts

$

—

$

2,985

$

—

$

2,985

$

—

$

2,787

$

—

$

2,787

Liabilities:

Derivatives - foreign exchange contracts

$

—

$

4,166

$

—

$

4,166

$

—

$

5,861

$

—

$

5,861

Valuation Technique - The Company’s derivative assets and liabilities include foreign exchange contract derivatives that are measured at fair value using internal models based on observable market inputs such as forward rates and interest rates. Based on these inputs, the derivatives are classified within Level 2 of the valuation hierarchy.

The carrying value of the Company’s financial assets and liabilities, including cash and cash equivalents, accounts receivable, accounts payable and short-term loans payable approximate fair value, without being discounted, due to the short periods during which these amounts are outstanding. Long-term debt rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate the fair value for debt issues that are not quoted on an exchange. The estimated fair value of long-term debt is measured using Level 2 inputs and was $802.9 million and $759.7 million at September 30, 2014 and December 31, 2013, respectively.

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2014
Restructuring and Related Activities [Abstract]	'
Restructuring	'
	Restructuring
	2014 Repositioning Actions
	The Company recorded pre-tax restructuring charges of $9.6 million in 2014 of severance and other cash-related restructuring costs and $0.2 million of non-cash restructuring costs related to asset write-downs, including $4.0 million related to the consolidation of a facility in the U.K. in the Fluid Handling segment and $5.8 million associated with certain facility consolidation activities in the Aerospace & Electronics segment. These charges primarily included severance and move costs related to the transfer of certain manufacturing operations. The Company expects these repositioning actions to result in workforce reductions of approximately 180 employees, or about 2% of the Company’s global workforce.
	The following table summarizes the accrual balances related to these cash-related restructuring charges:
	(in thousands)	Balance at December 31, 2013		Expense		Utilization			Balance at September 30, 2014
	Fluid Handling
	Severance	$	—	$	3,592	$	(424	)	$	3,168
	Other	—		232		(211		)	21
	Total Fluid Handling	$	—	$	3,824	$	(635	)	$	3,189
	Aerospace & Electronics
	Severance	$	—	$	3,688	$	(1,589	)	$	2,099
	Other	—		2,087		(1,735		)	352
	Total Aerospace & Electronics	$	—	$	5,775	$	(3,324	)	$	2,451
	Total Restructuring	$	—	$	9,599	$	(3,959	)	$	5,640
	Related to the 2014 repositioning actions, the Company recorded $0.8 million and $0.9 million for the three and nine months ended September 30, 2014, respectively, for additional costs incurred as a direct result of the facility consolidation activities within the Fluid Handling segment and recorded $0.5 million and $0.9 million for the three and nine months ended September 30, 2014, respectively, for additional costs incurred as a direct result of the facility consolidation activities within the Aerospace & Electronics segment.
	The Company expects to incur additional restructuring and related charges of approximately $1 million to complete these actions.
	Acquisition-Related Restructuring
	In 2014, the Company recorded pre-tax restructuring charges of $5.6 million of severance and other cash-related restructuring costs and $0.1 million of non-cash restructuring costs related to asset write-downs related to the December 2013 acquisition of MEI in the Company's Payment & Merchandising Technologies segment. The Company expects these 2014 actions to result in workforce reductions of approximately 60 employees, or less than 1% of the Company’s global workforce.
	The following table summarizes the accrual balances related to these cash-related restructuring charges:
	(in thousands)	Balance at December 31, 2013		Expense		Utilization			Balance at September 30, 2014
	Payment & Merchandising Technologies
	Severance	$	—	$	5,568	$	(2,704	)	$	2,864
	Total Restructuring	$	—	$	5,568	$	(2,704	)	$	2,864
	The Company does not expect to incur additional restructuring and related charges to complete these actions.

Segment_Results_Tables

Segment Results (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Schedule Of Financial Information By Reportable Segment	'
	Financial information by reportable segment is set forth below:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(in thousands)	2014			2013			2014			2013
	Net sales
	Fluid Handling	$	314,461		$	322,152		$	949,812		$	968,926
	Payment & Merchandising Technologies	181,057			83,636			534,753			257,927
	Aerospace & Electronics	167,158			169,771			513,672			507,046
	Engineered Materials	64,737			61,956			196,102			179,933
	Total	$	727,413		$	637,515		$	2,194,339		$	1,913,832
	Operating profit (loss)
	Fluid Handling a	$	48,131		$	46,594		$	144,832		$	146,688
	Payment & Merchandising Technologies b	25,134			7,869			51,225			26,902
	Aerospace & Electronics c	29,870			38,105			98,312			115,257
	Engineered Materials	9,038			10,792			29,602			28,538
	Corporate d	(8,640		)	(14,351		)	(41,472		)	(52,630		)
	Environmental provision e	(55,800		)	—			(55,800		)	—
	Total	47,733			89,009			226,699			264,755
	Interest income	383			337			1,136			1,488
	Interest expense	(9,556		)	(6,688		)	(29,129		)	(20,651		)
	Miscellaneous - net f	342			(456		)	(1,376		)	(170		)
	Income before income taxes	$	38,902		$	82,202		$	197,330		$	245,422
	a Includes $372 and $3,989 of restructuring charges for the three and nine months ended September 30, 2014, respectively.
	b Includes $110 of restructuring charges and $1,830 of acquisition integration related costs for the three months ended September 30, 2014 and $5,727 of restructuring charges, $6,496 of acquisition integration related costs and $4,790 of acquisition related inventory step up and backlog amortization for the nine months ended September 30, 2014.
	c Includes $1,720 and $5,816 of restructuring charges for the three and nine months ended September 30, 2014, respectively.
	d Includes $6,500 for a settlement lawsuit recorded in June 2014, ($846) and $1,244 of acquisition integration related (credit) costs for the three and nine months ended September 30, 2014, respectively, and $2,854 and $12,595 of acquisition transaction costs for the three and nine months ended September 30, 2013, respectively.
	e Includes a $49,000 charge related to an increase in the Company's liability expected at its Goodyear, AZ Superfund Site and a $6,800 charge for expected remediation costs associated with a previously disclosed environmental site in Roseland, NJ for the three and nine months ended September 30, 2014.
	f Includes $1,624 loss on sale of a small business divested in June 2014 for the nine months ended September 30, 2014 and a $1,015 gain on a real estate divestiture for the three and nine months ended September 30, 2014.
		As of
		September 30,			December 31,
	(in thousands)	2014			2013
	Assets
	Fluid Handling	$	1,010,718		$	996,101
	Payment & Merchandising Technologies	1,345,574			1,383,007
	Aerospace & Electronics	514,791			511,676
	Engineered Materials	236,824			233,214
	Corporate	446,198			435,609
	Total	$	3,554,105		$	3,559,607
Schedule Of Assets By Segment	'
		As of
		September 30,			December 31,
	(in thousands)	2014			2013
	Assets
	Fluid Handling	$	1,010,718		$	996,101
	Payment & Merchandising Technologies	1,345,574			1,383,007
	Aerospace & Electronics	514,791			511,676
	Engineered Materials	236,824			233,214
	Corporate	446,198			435,609
	Total	$	3,554,105		$	3,559,607
Schedule Of Goodwill By Segment	'
		As of
		September 30,			December 31,
	(in thousands)	2014			2013
	Goodwill
	Fluid Handling	$	231,662		$	239,205
	Payment & Merchandising Technologies	617,715			635,759
	Aerospace & Electronics	202,745			202,799
	Engineered Materials	171,531			171,553
	Total	$	1,223,653		$	1,249,316

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Computation of Basic and Diluted Earnings per Share	'
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
	(in thousands, except per share data)	2014		2013		2014		2013
	Net income attributable to common shareholders	$	28,079	$	57,131	$	136,460	$	169,796
	Average basic shares outstanding	58,971		58,093		58,770		57,814
	Effect of dilutive stock options	932		942		964		923
	Average diluted shares outstanding	59,903		59,035		59,734		58,737
	Earnings per basic share	$	0.48	$	0.98	$	2.32	$	2.94
	Earnings per diluted share	$	0.47	$	0.97	$	2.28	$	2.89

Changes_in_Equity_and_Comprehe1

Changes in Equity and Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Summary Of Changes In Equity	'
	A summary of the changes in equity for the nine months ended September 30, 2014 and 2013 is provided below:
		Nine Months Ended September 30,
		2014												2013
	(in thousands)	Total				Noncontrolling				Total Equity				Total			Noncontrolling			Total Equity
		Shareholders’				Interests								Shareholders’			Interests
		Equity												Equity
	Balance, beginning of period	$	1,204,319			$	10,354			$	1,214,673			$	918,383		$	8,993		$	927,376
	Dividends	(54,759		)		—				(54,759		)		(49,819		)	—			(49,819		)
	Exercise of stock options, net of shares reacquired	8,747				—				8,747				24,107			—			24,107
	Stock compensation expense	15,944				—				15,944				16,299			—			16,299
	Excess tax benefit from stock based compensation	7,869				—				7,869				5,787			—			5,787
	Net income	136,460				537				136,997				169,796			1,043			170,839
	Other comprehensive income (loss)	(57,517		)		(124		)		(57,641		)		14,956			(69		)	14,887
	Comprehensive income	78,943				413				79,356				184,752			974			185,726
	Balance, end of period	$	1,261,063			$	10,767			$	1,271,830			$	1,099,509		$	9,967		$	1,109,476
Classification Of Accumulated Other Comprehensive Income Reflected On Consolidated Balance Sheets	'
	The table below provides the accumulated balances for each classification of accumulated other comprehensive loss, as reflected on the Condensed Consolidated Balance Sheets.
		(in thousands)	Defined Benefit Pension and Other Postretirement Items*				Currency Translation Adjustment				Total
	Balance as of December 31, 2013		$	(121,318	)		$	72,667			$	(48,651	)
		Other comprehensive income (loss) before reclassifications	—				(60,684		)		(60,684		)
		Amounts reclassified from accumulated other comprehensive income	3,167				—				3,167
	Net current-period other comprehensive income (loss)		3,167				(60,684		)		(57,517		)
	Balance as of September 30, 2014		$	(118,151	)		$	11,983			$	(106,168	)
	* Net of tax benefit of $53,002 and $53,373 for September 30, 2014 and December 31, 2013, respectively.
Amounts Reclassified out of each Component of AOCI	'
	The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the three month periods ended September 30, 2014 and 2013.
	Details of Accumulated Other Comprehensive Income Components (in thousands)		Amounts Reclassified from Accumulated Other Comprehensive Income								Affected Line Item in the Statement of Operations
			Three Months Ended September 30,
			2014				2013
	Amortization of defined benefit pension items:
	Prior-service costs		$	30			$	3			$41 and $4 has been recorded within Cost of Sales for the three months ended September 30, 2014 and 2013, respectively, and ($11) and ($1) has been recorded within General & Administrative for the three months ended September 30, 2014 and 2013, respectively
	Net gain		1,257				3,444				$1,704 and $4,668 has been recorded within Cost of Sales for the three months ended September 30, 2014 and 2013, respectively, and ($447) and ($1,224) has been recorded within General & Administrative for the three months ended September 30, 2014 and 2013, respectively
	Amortization of other postretirement items:
	Prior-service costs		(58		)		(59		)		Recorded within Selling, General & Administrative
	Net loss		(49		)		(11		)		Recorded within Selling, General & Administrative
			$	1,180			$	3,377			Total before tax
			325				1,087				Tax benefit
	Total reclassifications for the period		$	855			$	2,290			Net of tax
	The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the nine month periods ended September 30, 2014 and 2013.
	Details of Accumulated Other Comprehensive Income Components (in thousands)		Amounts Reclassified from Accumulated Other Comprehensive Income								Affected Line Item in the Statement of Operations
			Nine Months Ended September 30,
			2014				2013
	Amortization of defined benefit pension items:
	Prior-service costs		$	90			$	10			$122 and $14 has been recorded within Cost of Sales for the nine months ended September 30, 2014 and 2013, respectively, and ($32) and ($4) has been recorded within General & Administrative for the nine months ended September 30, 2014 and 2013, respectively
	Net gain		3,771				10,330				$5,111 and $14,001 has been recorded within Cost of Sales for the nine months ended September 30, 2014 and 2013, respectively, and ($1,340) and ($3,671) has been recorded within General & Administrative for the nine months ended September 30, 2014 and 2013, respectively
	Amortization of other postretirement items:
	Prior-service costs		(173		)		(177		)		Recorded within Selling, General & Administrative
	Net loss		(149		)		(34		)		Recorded within Selling, General & Administrative
			$	3,539			$	10,129			Total before tax
			372				3,257				Tax benefit
	Total reclassifications for the period		$	3,167			$	6,872			Net of tax

Acquisitions_Acquisitions_Tabl

Acquisitions Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Business Acquisition, Pro Forma Information [Table Text Block]	'
	The pro forma results were calculated by combining the results of Crane Co. with the stand-alone results of MEI for the pre-acquisition periods, which were adjusted to account for certain costs which would have been incurred during this pre-acquisition period:
		For the Three Months Ended		For the Nine Months Ended
	(in millions, except per share data)	30-Sep-13
	Net sales	$	722	$	2,183
	Net income attributable to common shareholders	$	35	$	157
	Basic earnings per share from operations	$	0.6	$	2.67
	Diluted earnings per share from operations	$	0.59	$	2.62

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Changes To Goodwill	'
	Changes to goodwill are as follows:
	(in thousands)	Nine Months Ended September 30, 2014				Year Ended December 31, 2013
	Balance at beginning of period	$	1,249,316			$	813,792
	Additions	—				442,170
	Disposals	(813		)		(2,834		)
	Adjustments to purchase price allocations	(2,589		)		—
	Currency translation and other	(22,261		)		(3,812		)
	Balance at end of period	$	1,223,653			$	1,249,316
Changes To Intangible Assets	'
	Changes to intangible assets are as follows:
	(in thousands)	Nine Months Ended September 30, 2014				Year Ended December 31, 2013
	Balance at beginning of period, net of accumulated amortization	$	408,923			$	125,913
	Additions	—				301,800
	Disposals	—				(311		)
	Amortization expense	(29,685		)		(18,795		)
	Currency translation and other	(7,671		)		316
	Balance at end of period, net of accumulated amortization	$	371,567			$	408,923
Summary Of Intangible Assets	'
	A summary of intangible assets follows:
		Weighted Average
		Amortization Period of Finite Lived Assets (in years)		September 30, 2014								December 31, 2013
	(in thousands)			Gross				Accumulated		Net		Gross		Accumulated		Net
				Asset				Amortization				Asset		Amortization
	Intellectual property rights	16.5		$	93,067			$	50,328	$	42,739	$	95,052	$	48,960	$	46,092
	Customer relationships and backlog	13.8		412,752				108,292		304,460		420,951		86,556		334,395
	Drawings	37.9		11,149				10,027		1,122		11,149		9,951		1,198
	Other	12.8		64,125				40,879		23,246		64,800		37,562		27,238
	Total	14.4		$	581,093			$	209,526	$	371,567	$	591,952	$	183,029	$	408,923

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
Schedule Of Accrued Liabilities	'
	Accrued liabilities consist of:
		September 30,			December 31,
		2014			2013
	(in thousands)
	Employee related expenses	$	79,682		$	91,984
	Warranty	16,368			18,923
	Other	124,694			112,241
	Total	$	220,744		$	223,148
Summary Of Warranty Liabilities	'
	A summary of the warranty liabilities is as follows:
	(in thousands)	Nine Months Ended September 30, 2014			Year Ended December 31, 2013
	Balance at beginning of period	$	18,923		$	10,718
	Expense	10,096			10,230
	Changes due to acquisitions/divestitures	(98		)	10,211
	Payments / deductions	(12,459		)	(12,464		)
	Currency translation	(94		)	228
	Balance at end of period	$	16,368		$	18,923

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule Of Asbestos Related Open Claims Rollforward Table [Text Block]	'
	As of September 30, 2014, the Company was a defendant in cases filed in numerous state and federal courts alleging injury or death as a result of exposure to asbestos. Activity related to asbestos claims during the periods indicated was as follows:
		Three Months Ended						Nine Months Ended					Year Ended
		September 30,						September 30,					December 31,
		2014			2013			2014			2013		2013
	Beginning claims	49,770			54,969			51,490			56,442		56,442
	New claims	738			683			2,078			2,207		2,950
	Settlements	(218	)		(234	)		(772	)		(688	)	(1,142	)
	Dismissals	(2,368	)		(1,596	)		(4,874	)		(4,139	)	(6,762	)
	MARDOC claims*	—			—			—			—		2
	Ending claims	47,922			53,822			47,922			53,822		51,490
	* As of January 1, 2010, the Company was named in 36,448 maritime actions which had been administratively dismissed by the United States District Court for the Eastern District of Pennsylvania ("MARDOC claims"), and therefore were not classified as active claims. In addition, the Company was named in 8 new maritime actions in 2010 (also not classified as active claims). By settlement agreement of December 30, 2013, the Company resolved all of the remaining MARDOC claims with plaintiffs’ counsel.  The agreement resulted in the dismissal of all MARDOC claims against the Company.
Schedule Of Settlement And Defense Costs	'
	Detailed below are the comparable amounts for the periods indicated.
		Three Months Ended								Nine Months Ended						Year Ended
	(in millions)	September 30,								September 30,						December 31,
		2014				2013				2014			2013			2013
	Settlement / indemnity costs incurred (1)	$	3.2			$	9			$	18.5		$	23.2		$	31.6
	Defense costs incurred (1)	13.3				15.8				43			44.7			59.1
	Total costs incurred	$	16.5			$	24.8			$	61.4		$	67.9		$	90.8
	Settlement / indemnity payments	$	6.7			$	10.6			$	19.1		$	29.5		$	37.8
	Defense payments	15.5				14.8				42.9			42.6			59.5
	Insurance receipts	(6.8		)		(6.1		)		(15.8		)	(23.8		)	(34.5		)
	Pre-tax cash payments	$	15.4			$	19.4			$	46.2		$	48.3		$	62.8
	-1	Before insurance recoveries and tax effects.

Pension_and_Other_Postretireme1

Pension and Other Postretirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Components Of Net Periodic Cost	'
	The components of net periodic cost are as follows:
		Three Months Ended September 30,												Nine Months Ended September 30,
	(in thousands)	Pension Benefits						Other						Pension Benefits						Other
								Postretirement												Postretirement
								Benefits												Benefits
		2014			2013			2014			2013			2014			2013			2014			2013
	Service cost	$	1,258		$	1,513		$	21		$	22		$	3,773		$	4,540		$	64		$	67
	Interest cost	10,234			9,144			96			93			30,701			27,433			288			279
	Expected return on plan assets	(15,714		)	(12,970		)	—			—			(47,140		)	(38,909		)	—			—
	Amortization of prior service cost	30			3			(58		)	(59		)	90			10			(173		)	(177		)
	Amortization of net loss (gain)	1,257			3,444			(49		)	(11		)	3,771			10,330			(149		)	(34		)
	Net periodic cost	$	(2,935	)	$	1,134		$	10		$	45		$	(8,805	)	$	3,404		$	30		$	135

Income_Taxes_Income_Taxes_Tabl

Income Taxes Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Effective Income Tax Rate Reconciliation	'
	The Company's effective tax rates are as follows:
		2014	2013
	Three months ended September 30,	27.50%	30.10%
	Nine months ended September 30,	30.60%	30.40%

LongTerm_Debt_and_Notes_Payabl1

Long-Term Debt and Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Components Of Debt	'
	The following table summarizes the Company’s debt as of September 30, 2014 and December 31, 2013:
	(in thousands)	September 30,		December 31,
		2014		2013
	Long-term debt consists of:
	2.75% notes due 2018	$	249,971	$	249,965
	4.45% notes due 2023	299,977		299,976
	6.55% notes due 2036	199,254		199,229
	Total long-term debt	$	749,202	$	749,170
	Short-term borrowings	$	114,814	$	125,826

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

'

Summary Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

'

The following table summarizes assets and liabilities measured at fair value on a recurring basis at the dates indicated:

30-Sep-14

31-Dec-13

Quoted

Significant

Significant

Quoted

Significant

Significant

Prices in

Other

Unobservable

Prices in

Other

Unobservable

Active

Observable

Inputs

Active

Observable

Inputs

Markets for

Inputs

Markets for

Inputs

Identical

Identical

Assets

Assets

(in thousands)

Level 1

Level 2

Level 3

Total Fair

Level 1

Level 2

Level 3

Total Fair

Value

Value

Assets:

Derivatives - foreign exchange contracts

$

—

$

2,985

$

—

$

2,985

$

—

$

2,787

$

—

$

2,787

Liabilities:

Derivatives - foreign exchange contracts

$

—

$

4,166

$

—

$

4,166

$

—

$

5,861

$

—

$

5,861

Restructuring_Restructuring_Ta

Restructuring Restructuring (Tables)	9 Months Ended
	Sep. 30, 2014
Restructuring and Related Activities [Abstract]	'
Schedule of Restructuring and Related Costs	'
	The following table summarizes the accrual balances related to these cash-related restructuring charges:
	(in thousands)	Balance at December 31, 2013		Expense		Utilization			Balance at September 30, 2014
	Payment & Merchandising Technologies
	Severance	$	—	$	5,568	$	(2,704	)	$	2,864
	Total Restructuring	$	—	$	5,568	$	(2,704	)	$	2,864
	The following table summarizes the accrual balances related to these cash-related restructuring charges:
	(in thousands)	Balance at December 31, 2013		Expense		Utilization			Balance at September 30, 2014
	Fluid Handling
	Severance	$	—	$	3,592	$	(424	)	$	3,168
	Other	—		232		(211		)	21
	Total Fluid Handling	$	—	$	3,824	$	(635	)	$	3,189
	Aerospace & Electronics
	Severance	$	—	$	3,688	$	(1,589	)	$	2,099
	Other	—		2,087		(1,735		)	352
	Total Aerospace & Electronics	$	—	$	5,775	$	(3,324	)	$	2,451
	Total Restructuring	$	—	$	9,599	$	(3,959	)	$	5,640

Segment_Results_Narrative_Deta

Segment Results (Narrative) (Detail)	9 Months Ended
	Sep. 30, 2014
	Segment
Segment Reporting [Abstract]	'
Number of reportable segments	4

Segment_Results_Schedule_Of_Fi

Segment Results (Schedule Of Financial Information By Reportable Segment) (Detail) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Aug. 08, 2014

Fluid Handling

Fluid Handling

Fluid Handling

Fluid Handling

Payment and Merchandising Technologies [Member]

Payment and Merchandising Technologies [Member]

Payment and Merchandising Technologies [Member]

Payment and Merchandising Technologies [Member]

Engineered Materials

Engineered Materials

Engineered Materials

Engineered Materials

Aerospace and Electronics

Aerospace and Electronics

Aerospace and Electronics

Aerospace and Electronics

Corporate

Corporate

Corporate

Corporate

Environmental Claims For A Site In Goodyear Arizona

Environmental Claims For Site In Roseland NJ [Member]

Environmental Claims For Site In Roseland New Jersey [Member]

Segment Reporting Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring charges

$2,203,000

$0

$15,533,000

$0

$372,000

'

$3,989,000

'

$110,000

'

$5,727,000

'

'

'

'

'

$1,720,000

'

$5,816,000

'

'

'

'

'

'

'

'

Loss Contingency, Damages Paid, Value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,500,000

Acquisition integration related charges

984,000

0

7,739,000

0

'

'

'

'

1,830,000

'

6,496,000

'

'

'

'

'

'

'

'

'

846,000

'

1,244,000

'

'

'

'

Inventory and Backlog Amortization

'

'

'

'

'

'

'

'

'

'

4,790,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition transaction costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,854,000

'

12,595,000

'

'

'

Environmental Remediation Expense

-55,800,000

0

-55,800,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-49,000,000

-6,800,000

'

Pre-tax loss on sale of small business

1,624,000

'

1,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating profit (loss) from continuing operations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net sales

727,413,000

637,515,000

2,194,339,000

1,913,832,000

314,461,000

322,152,000

949,812,000

968,926,000

181,057,000

83,636,000

534,753,000

257,927,000

64,737,000

61,956,000

196,102,000

179,933,000

167,158,000

169,771,000

513,672,000

507,046,000

'

'

'

'

'

'

'

Operating profit (loss)

47,733,000

89,009,000

226,699,000

264,755,000

48,131,000

[1]

46,594,000

[1]

144,832,000

[1]

146,688,000

[1]

25,134,000

[2]

7,869,000

[2]

51,225,000

[2]

26,902,000

[2]

9,038,000

10,792,000

29,602,000

28,538,000

29,870,000

[3]

38,105,000

[3]

98,312,000

[3]

115,257,000

[3]

-8,640,000

[4]

-14,351,000

[4]

-41,472,000

[4]

-52,630,000

[4]

'

'

'

Interest income

383,000

337,000

1,136,000

1,488,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest expense

-9,556,000

-6,688,000

-29,129,000

-20,651,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Miscellaneous - net

342,000

[5]

-456,000

[5]

-1,376,000

[5]

-170,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Income before income taxes

38,902,000

82,202,000

197,330,000

245,422,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gains (Losses) on Sales of Other Real Estate

$1,015

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

Includes $372 and $3,989 of restructuring charges for the three and nine months ended September 30, 2014, respectively.

[2]

Includes $110 of restructuring charges and $1,830 of acquisition integration related costs for the three months ended September 30, 2014 and $5,727 of restructuring charges, $6,496 of acquisition integration related costs and $4,790 of acquisition related inventory step up and backlog amortization for the nine months ended September 30, 2014

[3]

Includes $1,720 and $5,816 of restructuring charges for the three and nine months ended September 30, 2014, respectively.

[4]

$6,500 for a settlement lawsuit recorded in June 2014, ($846) and $1,244 of acquisition integration related (credit) costs for the three and nine months ended September 30, 2014, respectively, and $2,854 and $12,595 of acquisition transaction costs for the three and nine months ended September 30, 2013, respectively.

[5]

e Includes a $49,000 charge related to an increase in the Company's liability expected at its Goodyear, AZ Superfund Site and a $6,800 charge for expected remediation costs associated with a previously disclosed environmental site in Roseland, NJ for the three and nine months ended September 30, 2014.f

Segment_Results_Schedule_Of_As

Segment Results (Schedule Of Assets By Segment) (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	$3,554,105	$3,559,607
Fluid Handling	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	1,010,718	996,101
Payment and Merchandising Technologies [Member]	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	1,345,574	1,383,007
Aerospace and Electronics	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	514,791	511,676
Engineered Materials	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	236,824	233,214
Corporate	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'
Assets	$446,198	$435,609

Segment_Results_Schedule_Of_Go

Segment Results (Schedule Of Goodwill By Segment) (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Segment Reporting Information [Line Items]	'	'	'
Goodwill	$1,223,653	$1,249,316	$813,792
Fluid Handling	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Goodwill	231,662	239,205	'
Payment and Merchandising Technologies [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Goodwill	617,715	635,759	'
Aerospace and Electronics	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Goodwill	202,745	202,799	'
Engineered Materials	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Goodwill	$171,531	$171,553	'

Earnings_Per_Share_Computation

Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net income attributable to common shareholders	$28,079	$57,131	$136,460	$169,796
Average basic shares outstanding	58,971	58,093	58,770	57,814
Effect of dilutive stock options	932	942	964	923
Average diluted shares outstanding	59,903	59,035	59,734	58,737
Earnings per share - basic:	'	'	'	'
Net income attributable to common shareholders	$0.48	$0.98	$2.32	$2.94
Earnings per share - diluted:	'	'	'	'
Net income attributable to common shareholders	$0.47	$0.97	$2.28	$2.89

Earnings_Per_Share_Narrative_D

Earnings Per Share (Narrative) (Detail)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Average options excluded from computation of diluted earnings per share	0.6	0	0.5	0.9

Recovered_Sheet1

Changes In Equity And Comprehensive Income (Summary Of Changes In Equity) (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Balance, beginning of period	'	'	$1,214,673	'
Dividends	'	'	-54,759	'
Exercise of stock options, net of shares reacquired	'	'	8,747	'
Stock compensation expense	'	'	15,944	'
Excess tax benefit from stock based compensation	'	'	7,869	'
Net income	28,216	57,483	136,997	170,839
Other comprehensive income (loss)	-69,306	32,633	-57,641	14,887
Comprehensive income	-41,090	90,116	79,356	185,726
Less: Noncontrolling interests in comprehensive income (loss)	-12	427	413	974
Balance, end of period	1,271,830	'	1,271,830	'
Parent [Member]	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Balance, beginning of period	'	'	1,204,319	'
Dividends	'	'	-54,759	'
Exercise of stock options, net of shares reacquired	'	'	8,747	'
Stock compensation expense	'	'	15,944	'
Excess tax benefit from stock based compensation	'	'	7,869	'
Net income	'	'	136,460	'
Other comprehensive income (loss)	'	'	-57,517	'
Comprehensive income	'	'	78,943	'
Balance, end of period	1,261,063	'	1,261,063	'
Noncontrolling Interest	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Balance, beginning of period	'	'	10,354	'
Net income	'	'	537	'
Other comprehensive income (loss)	'	'	-124	'
Balance, end of period	$10,767	'	$10,767	'

Recovered_Sheet2

Changes In Equity And Comprehensive Income (Classification Of Accumulated Other Comprehensive Income Reflected On Consolidated Balance Sheets) (Detail) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'
Accumulated other comprehensive loss, beginning balance	($48,651,000)		'
Other comprehensive income (loss) before reclassifications	-60,684,000		'
Amounts reclassified from accumulated other comprehensive income	3,167,000		'
Net current-period othre comprehensive income (loss)	-57,517,000		'
Accumulated other comprehensive loss, ending balance	-106,168,000		'
Accumulated Defined Benefit Plans Adjustment [Member]	'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'
Accumulated other comprehensive loss, beginning balance	-121,318,000	[1]	'
Other comprehensive income (loss) before reclassifications	0	[1]	'
Amounts reclassified from accumulated other comprehensive income	3,167,000	[1]	'
Net current-period othre comprehensive income (loss)	3,167,000	[1]	'
Accumulated other comprehensive loss, ending balance	-118,151,000	[1]	-121,318,000	[1]
Changes in pension and post-retirement plan assets and benefit obligation, Tax benefit	53,002		53,373
Accumulated Translation Adjustment [Member]	'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'
Accumulated other comprehensive loss, beginning balance	72,667,000		'
Other comprehensive income (loss) before reclassifications	-60,684,000		'
Amounts reclassified from accumulated other comprehensive income	0		'
Net current-period othre comprehensive income (loss)	-60,684,000		'
Accumulated other comprehensive loss, ending balance	$11,983,000		'
[1]	Net of tax benefit of $53,002 and $53,373 for September 30, 2014 and DecemberB 31, 2013, respectively.

Changes_in_Equity_and_Comprehe2

Changes in Equity and Comprehensive Income Changes in Equity and Comprehensive Income (Details of Accumulated Other Comprehensive Income Components) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'	'	'
Income Tax Expense (Benefit)	($10,686)	($24,719)	($60,333)	($74,583)
Amounts reclassified from accumulated other comprehensive income	'	'	3,167	'
Reclassification out of Accumulated Other Comprehensive Income [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'	'	'
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	-1,180	-3,377	-3,539	-10,129
Income Tax Expense (Benefit)	325	1,087	372	3,257
Amounts reclassified from accumulated other comprehensive income	-855	-2,290	-3,167	-6,872
Reclassification out of Accumulated Other Comprehensive Income [Member] | Prior-Service Costs, Pension [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'	'	'
PriorServiceCostsCOS	41	4	122	14
PriorServiceCostSG&A	-11	-1	-32	-4
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	30	3	90	10
Reclassification out of Accumulated Other Comprehensive Income [Member] | Net Loss (Gain), Pension [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'	'	'
Defined Benefit Plan, Amortization of Gains (Losses)	-1,257	-3,444	-3,771	-10,330
NetlossgainCOS	1,703	4,668	5,111	14,001
NetlossgainSG&A	-447	-1,224	-1,340	-3,671
Reclassification out of Accumulated Other Comprehensive Income [Member] | Prior-Service Costs, Postretirement [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'	'	'
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	-58	-59	-173	-177
Reclassification out of Accumulated Other Comprehensive Income [Member] | Net Loss(Gain), Postretirement [Member]	'	'	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'	'	'
Defined Benefit Plan, Amortization of Gains (Losses)	$49	$11	$149	$34

Acquisitions_Narrative_Detail

Acquisitions (Narrative) (Detail) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

1 Months Ended

1 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 11, 2013

Sep. 30, 2014

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2014

Jun. 30, 2013

Sep. 30, 2014

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

2.75% Notes Due 2018

2.75% Notes Due 2018

6.55% Notes Due 2023

Trademarks and Trade Names [Member]

Developed Technology Rights [Member]

Customer Relationships [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Acquisition Related Restructuring [Member]

Acquisition Related Restructuring [Member]

Acquisition Related Restructuring [Member]

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

Trademarks and Trade Names [Member]

Developed Technology Rights [Member]

Customer Relationships [Member]

Trademarks and Trade Names [Member]

Developed Technology Rights [Member]

Customer Relationships [Member]

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

MEI Conlux Holdings [Member]

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Business acquisition, purchase price

'

'

'

'

'

'

$804

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sales reported by acquired entity

'

'

'

'

'

'

'

'

399,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes Issued

'

'

'

'

'

'

'

'

'

'

250,000,000

'

300,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

2.75%

2.75%

4.45%

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds Received Related To Adjustment Of Working Capital

'

'

'

'

'

'

'

6,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total current assets

'

'

'

'

'

'

'

'

'

172,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property, plant and equipment

'

'

'

'

'

'

'

'

'

46,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other assets

'

'

'

'

'

'

'

'

'

4,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Intangible assets

'

'

'

'

'

'

'

'

'

302,000

'

'

'

7,000

13,000

277,000

'

'

'

'

'

'

'

'

'

Goodwill

1,223,653,000

'

1,223,653,000

'

1,249,316,000

813,792,000

'

'

'

439,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total assets acquired

'

'

'

'

'

'

'

'

'

963,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assumed liabilities

'

'

'

'

'

'

'

'

'

120,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net assets acquired

'

'

'

'

'

'

'

'

'

843,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Finite-Lived Intangible Asset, Useful Life

'

'

'14 years 4 months 24 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'3 years

'13 years

'10 years

'6 years

'18 years

'

'

'

Business Combination, Integration Related Costs

984,000

0

7,739,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

7,700,000

Inventory and Backlog Amortization

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,800,000

Restructuring charges

2,203,000

0

15,533,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

'

5,700,000

Business Combination, Acquisition Related Costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,900,000

$12,600,000

'

Acquisitions_Intangible_Assets

Acquisitions Intangible Assets Fair Value and Weighted Average Life (Details) (MEI Conlux Holdings [Member], USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Finite Lived Intangible Assets [Line Items]	'
Intangible assets	$302
Trademarks and Trade Names [Member]	'
Finite Lived Intangible Assets [Line Items]	'
Intangible assets	7
Weighted average life, in years	'6 years 8 months 12 days
Customer Relationships [Member]	'
Finite Lived Intangible Assets [Line Items]	'
Intangible assets	277
Weighted average life, in years	'16 years 7 months 6 days
Order or Production Backlog [Member]	'
Finite Lived Intangible Assets [Line Items]	'
Intangible assets	5
Weighted average life, in years	'3 months 18 days
Developed Technology Rights [Member]	'
Finite Lived Intangible Assets [Line Items]	'
Intangible assets	$13
Weighted average life, in years	'5 years 8 months 12 days

Acquisitions_Proforma_Details

Acquisitions Proforma (Details) (USD $)	3 Months Ended	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
Business Combinations [Abstract]	'	'
Net sales	$722	$2,183
Net income attributable to common shareholders	$35	$157
Basic earnings per share from continuing operations (in dollars per share)	$0.60	$2.67
Diluted earnings per share from continuing operations (in dollars per share)	$0.59	$2.62

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets (Narrative) (Detail) (USD $)	3 Months Ended	9 Months Ended
	Dec. 31, 2013	Sep. 30, 2014
		Segment
Goodwill And Intangible Assets [Line Items]	'	'
Number of reporting units	'	8
Estimated cost of capital, minimum	10.00%	'
Estimated cost of capital, maximum	13.00%	'
Estimated cost of capital, weighted	11.00%	'
Hypothetical decrease to fair values of each reporting unit	10.00%	'
Net intangible assets	$408,923,000	$371,567,000
Intangibles with indefinite useful lives	'	29,500,000
Estimated amortization expense for intangible assets, current year	'	11,100,000
Estimated amortization expense for intangible assets, year 2015	'	38,400,000
Estimated amortization expense for intangible assets, year 2016	'	37,200,000
Estimated amortization expense for intangible assets, year 2017	'	36,300,000
Estimated amortization expense for intangible assets, year 2018	'	33,500,000
Estimated amortization expense for intangible assets, year 2019 and thereafter	'	$185,600,000

Recovered_Sheet3

Goodwill And Intangible Assets (Changes To Goodwill) (Detail) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Goodwill [Line Items]	'	'
Balance at beginning of period	$1,249,316,000	$813,792,000
Additions	0	442,170,000
Disposals	-813,000	-2,834,000
Adjustments to purchase price allocations	-2,589,000	0
Currency translation and other	-22,261,000	-3,812,000
Balance at end of period	1,223,653,000	1,249,316,000
MEI Conlux Holdings [Member]	'	'
Goodwill [Line Items]	'	'
Proceeds Received Related To Adjustment Of Working Capital	6,100,000	'
Balance at beginning of period	439,000	'
Adjustments to purchase price allocations	$4,000,000	'

Recovered_Sheet4

Goodwill And Intangible Assets (Changes To Intangible Assets) (Detail) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'	'
Balance at beginning of period, net of accumulated amortization	$408,923	$125,913
Additions	0	301,800
Disposals	0	-311
Amortization expense	-29,685	-18,795
Currency translation and other	7,671	-316
Balance at end of period, net of accumulated amortization	$371,567	$408,923

Recovered_Sheet5

Goodwill And Intangible Assets (Summary Of Intangible Assets) (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Weighted Average Amortization Period of Finite Lived Assets (in years)	'14 years 4 months 24 days	'	'
Gross Asset	$581,093	$591,952	'
Accumulated Amortization	209,526	183,029	'
Net	371,567	408,923	'
Finite-Lived Intangible Assets, Net	371,567	408,923	125,913
Intellectual Property Rights	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Weighted Average Amortization Period of Finite Lived Assets (in years)	'16 years 6 months	'	'
Gross Asset	93,067	95,052	'
Accumulated Amortization	50,328	48,960	'
Net	42,739	46,092	'
Customer Relationships	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Weighted Average Amortization Period of Finite Lived Assets (in years)	'13 years 9 months 24 days	'	'
Gross Asset	412,752	420,951	'
Accumulated Amortization	108,292	86,556	'
Net	304,460	334,395	'
Drawings	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Weighted Average Amortization Period of Finite Lived Assets (in years)	'37 years 10 months 24 days	'	'
Gross Asset	11,149	11,149	'
Accumulated Amortization	10,027	9,951	'
Net	1,122	1,198	'
Other Intangible Assets	'	'	'
Acquired Finite-Lived Intangible Assets [Line Items]	'	'	'
Weighted Average Amortization Period of Finite Lived Assets (in years)	'12 years 9 months 12 days	'	'
Gross Asset	64,125	64,800	'
Accumulated Amortization	40,879	37,562	'
Net	$23,246	$27,238	'

Accrued_Liabilities_Schedule_O

Accrued Liabilities (Schedule Of Accrued Liabilities) (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Payables and Accruals [Abstract]	'	'
Employee related expenses	$79,682	$91,984
Warranty	16,368	18,923
Other	124,694	112,241
Total	$220,744	$223,148

Accrued_Liabilities_Summary_Of

Accrued Liabilities (Summary Of Warranty Liabilities) (Detail) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]	'	'
Balance at beginning of period	$18,923	$10,718
Expense	10,096	10,230
Additions through acquisitions/divestitures	-98	10,211
Payments / deductions	-12,459	-12,464
Currency translation	-94	228
Balance at end of period	$16,368	$18,923

Recovered_Sheet6

Commitments And Contingencies (Schedule Of Activity Related To Asbestos Claim) (Detail)	3 Months Ended			9 Months Ended		12 Months Ended
	Dec. 31, 2010	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 30, 2009
	Claim	Asbestos Commitments and Contingencies	Asbestos Commitments and Contingencies	Asbestos Commitments and Contingencies	Asbestos Commitments and Contingencies	Asbestos Commitments and Contingencies	Maritime Claims
				Claim	Claim	Claim	Asbestos Commitments and Contingencies
							Claim
Loss Contingencies [Line Items]	'	'	'	'	'	'	'
Beginning claims	'	49,770	54,969	51,490	56,442	56,442	'
New claims	'	738	683	2,078	2,207	2,950	'
Settlements	'	-218	-234	-772	-688	-1,142	'
Dismissals	'	-2,368	-1,596	-4,874	-4,139	-6,762	'
Number Of Activated Maritime Claims	'	0	0	0	0	2	'
Ending claims	'	47,922	53,822	47,922	53,822	51,490	'
Total number of maritime claims	'	'	'	'	'	'	36,448
NumberOfNewMaritimeClaims	8	'	'	'	'	'	'

Commitments_And_Contingencies_1

Commitments And Contingencies (Asbestos Liability) (Detail) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 30, 2014

Jun. 30, 2013

Mar. 09, 2012

Jul. 14, 2008

Jun. 30, 2014

Jun. 30, 2009

Feb. 23, 2011

Mar. 23, 2010

Feb. 23, 2011

Mar. 23, 2010

Aug. 17, 2011

Feb. 25, 2013

Jun. 30, 2014

Aug. 29, 2012

Feb. 25, 2013

Oct. 23, 2012

Nov. 28, 2012

Mar. 01, 2013

Jul. 31, 2013

Sep. 11, 2013

Sep. 17, 2013

Jun. 16, 2014

Jun. 16, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 30, 2009

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Frank Paasch

Joseph Norris

Earl Haupt

Earl Haupt

James Nelson

James Nelson

Larry Bell

Larry Bell

Ronald Dummitt

Frank Paasch

William Paulus [Member]

William Paulus [Member]

Frank Vincinguerra

Gerald Suttner

James Hellam

Ivo Peraica

Holdsworth [Member]

Lloyd Garvin [Member]

Richard DeLisle [Member]

Ivan Sweberg [Member]

Selwyn Hackshaw [Member]

New York

Mississippi

Texas

Ohio

Maritime Claims [Member]

Claim

Claim

Claim

Claim

Claim

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Asbestos Commitments and Contingencies

Insurer_Group

Insurer_Group

Year

Year

LegalMatter

LegalMatter

LegalMatter

LegalMatter

Claim

Loss Contingencies [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total number of maritime claims

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

36,448

Plaintiff's Request

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,100,000

'

'

'

'

'

'

'

'

'

Compensatory Damages

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,000,000

'

'

'

'

'

'

'

'

Court written decision

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Pending claims

'

'

'

47,922

53,822

47,922

53,822

51,490

56,442

'

49,770

54,969

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,700

5,100

9,600

300

'

Number of judgments paid

'

'

'

3

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of years after judgment paid, years

'

'

'

'

'

'

'

'

'

'

'

'

'

2

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Jury verdict payment including accrued judgment interest

'

'

'

'

'

'

'

'

'

'

'

'

'

2,540,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Jury Verdict Payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,000

'

'

'

'

'

'

900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional damages

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,000,000

'

'

'

'

'

'

'

'

Court judgment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000

'

4,900,000

'

'

800,000

'

100,000

1,282,000

10,600,000

'

'

1,300,000

'

'

'

'

'

'

'

CourtJudgmentIncludingSetoffs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,100,000

'

'

'

'

'

'

'

'

'

'

'

Jury verdict percentage of responsibility.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

99.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Jury verdict

'

'

'

'

'

'

'

'

'

'

'

'

123,000

'

'

'

'

14,500,000

'

3,500,000

32,000,000

2,500,000

'

'

2,300,000

'

'

'

'

'

8,000,000

'

'

'

'

'

'

'

Jury Verdict Total

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35,000,000

3,100,000

'

'

15,000,000

10,000,000

'

'

'

'

'

Court_Reduced_Verdict

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,000,000

'

'

'

'

'

'

'

'

'

'

Share Of Responsibility Of Verdict

'

'

'

'

'

'

'

'

'

'

'

'

12.50%

'

'

'

'

9.09%

'

5.00%

'

10.00%

'

10.00%

20.00%

4.00%

7.00%

'

'

'

16.00%

'

'

'

'

'

'

'

Plaintiff's Damages

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Court judgment against all parties held responsible

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional interest on the compensation awarded

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments for asbestos-related fees and costs, net of insurance recoveries

46,193,000

48,314,000

'

15,400,000

19,400,000

46,200,000

48,300,000

62,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative claims resolved

'

'

'

106,000

'

106,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Settlement cost

'

'

'

418,000,000

'

418,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Average settlement cost per resolved claim

'

'

'

'

'

'

'

3,300

6,300

4,123

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative average settlement cost per resolved claim

'

'

'

4,000

'

4,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of years included in methodology base reference period

'

'

'

2

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional quarters included in methodology base reference period

'

'

'

3

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated payments to current and future claimants

'

'

'

36,000,000,000

'

36,000,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional liability

'

'

'

'

'

'

'

'

'

285,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of mesothelioma claims of total pending asbestos claims

'

'

'

'

'

'

'

'

'

8.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of mesothelioma claims of aggregate settlement and defense costs

'

'

'

'

'

'

'

'

'

90.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Liability for claims

'

'

'

637,000,000

'

637,000,000

'

'

'

894,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Asbestos Liability Attributable To Settlement And Denfese Costs For Future Claims

'

'

'

'

'

'

'

'

'

80.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Current portion of total estimated liability

88,038,000

'

88,038,000

88,000,000

'

88,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of coverage in place agreements with excess insurer groups

'

'

'

11

'

11

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of buyout agreements with excess insurer groups

'

'

'

10

'

10

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate value of policy buyout agreements

'

'

'

82,500,000

'

82,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Forecasted percentage of liability that would be reimbursed by insurers

'

'

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Insurance reimbursement asset

'

'

'

155,000,000

'

155,000,000

'

'

'

225,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Jury Verdict Non-Economic Damages

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,500,000

'

'

4,500,000

'

'

'

'

'

'

'

'

'

'

'

Jury Verdict Economic Damages

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000

'

'

900,000

'

'

'

'

'

'

'

'

'

'

'

Gross Settlement And Defense Incurred Costs

'

'

'

$16,500,000

$24,800,000

$61,400,000

$67,900,000

$90,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commitments_And_Contingencies_2

Commitments And Contingencies (Schedule Of Settlement And Defense Costs) (Detail) (USD $)	3 Months Ended				9 Months Ended				12 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Dec. 31, 2013
Loss Contingencies [Line Items]	'		'		'		'		'
Pre-tax cash payments	'		'		$46,193,000		$48,314,000		'
Asbestos Commitments and Contingencies	'		'		'		'		'
Loss Contingencies [Line Items]	'		'		'		'		'
Settlement / indemnity costs incurred (1)	3,200,000	[1]	9,000,000	[1]	18,500,000	[1]	23,200,000	[1]	31,600,000
Defense costs incurred (1)	13,300,000	[1]	15,800,000	[1]	43,000,000	[1]	44,700,000	[1]	59,100,000
Total costs incurred	16,500,000		24,800,000		61,400,000		67,900,000		90,800,000
Settlement / indemnity payments	6,700,000		10,600,000		19,100,000		29,500,000		37,800,000
Defense payments	15,500,000		14,800,000		42,900,000		42,600,000		59,500,000
Insurance receipts	-6,800,000		-6,100,000		-15,800,000		-23,800,000		-34,500,000
Pre-tax cash payments	$15,400,000		$19,400,000		$46,200,000		$48,300,000		$62,800,000
[1]	Before insurance recoveries and tax effects.

Commitments_And_Contingencies_3

Commitments And Contingencies (Other Contingencies) (Detail) (USD $)

3 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

12 Months Ended

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2011

Dec. 31, 2008

Dec. 31, 2007

Jul. 31, 2006

Dec. 31, 2013

Dec. 31, 2012

Aug. 08, 2014

Sep. 30, 2014

Dec. 31, 2011

Dec. 31, 2013

Apr. 15, 2011

Environmental Claims For A Site In Goodyear Arizona

Environmental Claims For A Site In Goodyear Arizona

Environmental Claims For A Site In Goodyear Arizona

Environmental Claims For A Site In Goodyear Arizona

Environmental Claims For A Site In Goodyear Arizona

Environmental Claims For Crab Orchard National Wildlife Refuge Superfund Site

Environmental Claims For Crab Orchard National Wildlife Refuge Superfund Site

Environmental Claims For Site In Roseland New Jersey [Member]

Environmental Claims For Site In Roseland New Jersey [Member]

Environmental Claims For Site In Roseland New Jersey [Member]

Environmental Claims For Site In Roseland New Jersey [Member]

Environmental Claims For Site In Roseland New Jersey [Member]

acre

Home

Homeowner

Homeowner

Homeowner

Loss Contingencies [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated liability

'

$82,600,000

'

$65,200,000

$41,500,000

'

'

'

'

'

'

'

'

Amount of additional remediation activities

'

49,000,000

30,300,000

24,300,000

'

'

'

'

'

6,800,000

'

'

'

Accrued environmental loss contingencies current

'

12,200,000

'

'

'

'

'

'

'

'

'

'

'

Loss contingency reimbursement rate

'

'

'

'

'

21.00%

'

'

'

'

'

'

'

Other receivables

'

18,700,000

'

'

'

'

'

'

'

'

'

'

'

Approximate size of referenced site, acres

'

'

'

'

'

'

'

55,000

'

'

'

'

'

Approximate number of homes tested for contaminants

'

'

'

'

'

'

'

'

'

'

40

'

'

Number of Homes Where Contaminants Were Found

'

'

'

'

'

'

'

'

'

'

3

'

'

Homeowners Filing Suits Against Company

'

'

'

'

'

'

'

'

'

'

'

139

3

Homes Suing Company Where Vapor Mitigation Equipment Was Installed

'

'

'

'

'

'

'

'

'

'

'

3

'

Loss Contingency, Damages Paid, Value

'

'

'

'

'

'

'

'

6,500,000

'

'

'

'

Number Of Tenants Who Filed Separate Lawsuit

'

'

'

'

'

'

'

'

'

'

'

'

1

Number of members in the purported class

'

'

'

'

'

'

'

'

'

'

138

'

'

Airplane operating lease period, years

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of residual value guarantee

7,800,000

'

'

'

'

'

'

'

'

'

'

'

'

amount paid into escrow

'

'

'

'

'

'

166,667

'

'

'

'

'

'

Fair Value Of Residual Value Guarantee, Fair Value of Operating Lease Asset Threshold

$9,500,000

'

'

'

'

'

'

'

'

'

'

'

'

Recovered_Sheet7

Pension And Other Postretirement Benefit Plans (Components Of Net Periodic Cost) (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2013
Pension Plans, Defined Benefit	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Service cost	$1,258	$1,513
Interest cost	10,234	9,144
Expected return on plan assets	-15,714	-12,970
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	30	3
Amortization of net loss (gain)	1,257	3,444
Net periodic cost	-2,935	1,134
Other Postretirement Benefit Plans, Defined Benefit	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Service cost	21	22
Interest cost	96	93
Expected return on plan assets	0	0
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	-58	-59
Amortization of net loss (gain)	-49	-11
Net periodic cost	$10	$45

Recovered_Sheet8

Pension And Other Postretirement Benefit Plans (Narrative) (Detail) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013
Pension Plans, Defined Benefit	'	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'	'	'
Defined benefit plans contribution by the company	'	$24	'
Defined benefit plans contribution by the company	22.4	'	15
Other Postretirement Benefit Plans, Defined Benefit	'	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'	'	'
Defined benefit plans contribution by the company	'	1	'
Defined benefit plans contribution by the company	$0.30	'	$1

Income_Taxes_Narrative_Detail

Income Taxes (Narrative) (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'	'	'	'
Company's effective tax rate	27.50%	30.10%	30.60%	30.40%	'
Federal statutory income tax rate	'	'	35.00%	'	'
Increase in gross unrecognized tax benefits	$1.50	'	$5.80	'	'
Increase in total amount of unrecognized tax benefits, would impact effective tax rate	1.4	'	5.9	'	'
Recognized interest expense related to unrecognized tax benefits	0.3	'	0.7	'	'
Interest and penalty related to unrecognized tax benefits recorded	$4.70	'	$4.70	'	$4

Recovered_Sheet9

Long-Term Debt And Notes Payable (Components Of Debt) (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Debt Instrument [Line Items]	'	'	'
Net decrease in short-term debt	($11,000)	$123,197	'
Long-term debt	749,202	'	749,170
Short-term borrowings	114,814	'	125,826
2.75% Notes Due 2018	'	'	'
Debt Instrument [Line Items]	'	'	'
Long-term debt	249,971	'	249,965
4.45% Notes Due 2023	'	'	'
Debt Instrument [Line Items]	'	'	'
Long-term debt	299,977	'	299,976
6.55% Notes Due 2036	'	'	'
Debt Instrument [Line Items]	'	'	'
Long-term debt	$199,254	'	$199,229

Recovered_Sheet10

Long-Term Debt And Notes Payable (Components Of Debt) (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
2.75% Notes Due 2018	'	'
Debt Instrument [Line Items]	'	'
Debt instrument interest rate	2.75%	2.75%
Debt instrument maturity year	'2018	'2018
4.45% Notes Due 2023	'	'
Debt Instrument [Line Items]	'	'
Debt instrument interest rate	4.45%	4.45%
Debt instrument maturity year	'2023	'2023
6.55% Notes Due 2036	'	'
Debt Instrument [Line Items]	'	'
Debt instrument interest rate	6.55%	6.55%
Debt instrument maturity year	'2036	'2036

Recovered_Sheet11

Derivative Instruments And Hedging Activities (Narrative) (Detail) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Net cash outflow/inflow from settlement of derivative contracts	$7,100,000	$4,900,000	'
Derivatives Assets	2,985,000	'	2,787,000
Derivatives Liabilities	4,166,000	'	5,861,000
Foreign Exchange Contract [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Notional value of foreign exchange contracts	$235,000,000	'	$300,000,000

Fair_Value_Measurements_Summar

Fair Value Measurements (Summary Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivatives Assets	$2,985	$2,787
Derivatives Liabilities	4,166	5,861
Fair Value, Measurements, Recurring | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivatives Assets	2,985	2,787
Derivatives Liabilities	$4,166	$5,861

Fair_Value_Measurements_Narrat

Fair Value Measurements (Narrative) (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair Value Disclosures [Abstract]	'	'
Estimated fair value of long-term debt	$802.90	$759.70

Restructuring_Narrative_Detail

Restructuring (Narrative) (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	$2,203,000	$0	$15,533,000	$0
2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Additional restructuring and related charges	1,000,000	'	1,000,000	'
Restructuring and Related Cost, Expected Number of Positions Eliminated	'	'	180	'
Workforce_reduction_percentage	'	'	2.00%	'
Acquisition Related Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	100,000	'	5,700,000	'
Restructuring and Related Cost, Expected Number of Positions Eliminated	'	'	60	'
Workforce_reduction_percentage	'	'	1.00%	'
Fluid Handling	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	372,000	'	3,989,000	'
Fluid Handling | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	4,000,000	'
Fluid Handling | 2014 Repositioning Actions [Member] | Expense [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	3,824,000	'
Fluid Handling | Employee Severance [Member] | 2014 Repositioning Actions [Member] | Expense [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	3,592,000	'
Aerospace and Electronics	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	1,720,000	'	5,816,000	'
Aerospace and Electronics | Expense [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	5,775,000	'
Aerospace and Electronics | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	5,800,000	'
Aerospace and Electronics | Employee Severance [Member] | Expense [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	3,688,000	'
Payment and Merchandising Technologies [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	110,000	'	5,727,000	'
Payment and Merchandising Technologies [Member] | Acquisition Related Restructuring [Member] | Expense [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	5,568,000	'
Payment and Merchandising Technologies [Member] | Employee Severance [Member] | Acquisition Related Restructuring [Member] | Expense [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	5,568,000	'
Restructuring Cash-Related Costs [Domain] | Acquisition Related Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	5,600,000	'	100,000	'
Non-Cash Restructuring [Member] | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	200,000	'
Cash-Related Restructuring [Member] | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	9,599,000	'
Cash-Related Restructuring [Member] | Fluid Handling | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Workforce reduction percentage	800,000	'	900,000	'
Cash-Related Restructuring [Member] | Aerospace and Electronics | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Workforce reduction percentage	$500,000	'	$900,000	'

Restructuring_Restructuring_by

Restructuring Restructuring by type and segment (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Balance at December 31, 2013	'	'	$0	'
Restructuring charges	2,203,000	0	15,533,000	0
Restructuring Reserve, Utilization	'	'	3,959,000	'
Balance at September 30, 2014	5,640,000	'	5,640,000	'
2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Additional restructuring and related charges	1,000,000	'	1,000,000	'
Restructuring and Related Cost, Expected Number of Positions Eliminated	'	'	180	'
Acquisition Related Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	100,000	'	5,700,000	'
Restructuring and Related Cost, Expected Number of Positions Eliminated	'	'	60	'
Fluid Handling	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	372,000	'	3,989,000	'
Fluid Handling | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Balance at December 31, 2013	'	'	0	'
Restructuring charges	'	'	4,000,000	'
Restructuring Reserve, Utilization	'	'	635,000	'
Balance at September 30, 2014	3,189,000	'	3,189,000	'
Fluid Handling | Employee Severance [Member] | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Balance at December 31, 2013	'	'	0	'
Restructuring Reserve, Utilization	'	'	424,000	'
Balance at September 30, 2014	3,168,000	'	3,168,000	'
Fluid Handling | Other Restructuring [Member] | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Balance at December 31, 2013	'	'	0	'
Restructuring Reserve, Utilization	'	'	211,000	'
Balance at September 30, 2014	21,000	'	21,000	'
Aerospace and Electronics	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Balance at December 31, 2013	'	'	0	'
Restructuring charges	1,720,000	'	5,816,000	'
Restructuring Reserve, Utilization	'	'	3,324,000	'
Balance at September 30, 2014	2,451,000	'	2,451,000	'
Aerospace and Electronics | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	5,800,000	'
Aerospace and Electronics | Employee Severance [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Balance at December 31, 2013	'	'	0	'
Restructuring Reserve, Utilization	'	'	1,589,000	'
Balance at September 30, 2014	2,099,000	'	2,099,000	'
Aerospace and Electronics | Other Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Balance at December 31, 2013	'	'	0	'
Restructuring Reserve, Utilization	'	'	1,735,000	'
Balance at September 30, 2014	352,000	'	352,000	'
Payment and Merchandising Technologies [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	110,000	'	5,727,000	'
Payment and Merchandising Technologies [Member] | Acquisition Related Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Balance at December 31, 2013	'	'	0	'
Restructuring Reserve, Utilization	'	'	2,704,000	'
Balance at September 30, 2014	2,864,000	'	2,864,000	'
Payment and Merchandising Technologies [Member] | Employee Severance [Member] | Acquisition Related Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Balance at December 31, 2013	'	'	0	'
Restructuring Reserve, Utilization	'	'	2,704,000	'
Balance at September 30, 2014	2,864,000	'	2,864,000	'
Expense [Member] | Fluid Handling | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	3,824,000	'
Expense [Member] | Fluid Handling | Employee Severance [Member] | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	3,592,000	'
Expense [Member] | Fluid Handling | Other Restructuring [Member] | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	232,000	'
Expense [Member] | Aerospace and Electronics	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	5,775,000	'
Expense [Member] | Aerospace and Electronics | Employee Severance [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	3,688,000	'
Expense [Member] | Aerospace and Electronics | Other Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	2,087,000	'
Expense [Member] | Payment and Merchandising Technologies [Member] | Acquisition Related Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	5,568,000	'
Expense [Member] | Payment and Merchandising Technologies [Member] | Employee Severance [Member] | Acquisition Related Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	5,568,000	'
Restructuring Cash-Related Costs [Domain] | Acquisition Related Restructuring [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	5,600,000	'	100,000	'
Cash-Related Restructuring [Member] | 2014 Repositioning Actions [Member]	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges	'	'	$9,599,000	'