Carlisle Companies (CSL) 10-Q 25 Oct 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Oct. 18, 2018
Document and Entity Information
Entity Registrant Name	CARLISLE COMPANIES INCORPORATED
Entity Central Index Key	790,051
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		59,544,520
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Emerging Growth Company	false
Entity Small Business	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
Revenues	$ 1,181.4	$ 1,002.4	$ 3,402.2	$ 2,760.3
Cost of goods sold	867.1	717.8	2,506.3	1,963.1
Selling and administrative expenses	164.8	137.9	473.3	389.8
Research and development expenses	12.3	12.4	40.4	37.5
Other operating (income) expense, net	(2.8)	(0.5)	(12.2)	(0.7)
Operating income	140	134.8	394.4	370.6
Interest expense, net	13	7.8	41.7	21.4
Other non-operating (income) expense, net	5.1	3.4	6.3	1.6
Income from continuing operations before income taxes	121.9	123.6	346.4	347.6
Provision for income taxes	25	44.5	76.9	115.9
Income from continuing operations	96.9	79.1	269.5	231.7
Discontinued operations:
Income before income taxes	2.6	11.4	300.3	29.7
(Benefit) provision for income taxes	(0.2)	4.2	46.8	11
Income from discontinued operations	2.8	7.2	253.5	18.7
Net income	$ 99.7	$ 86.3	$ 523	$ 250.4
Basic earnings per share attributable to common shares:
Income from continuing operations (in dollars per share)	$ 1.61	$ 1.27	$ 4.40	$ 3.62
(Loss) income from discontinued operations (in dollars per share)	0.05	0.11	4.15	0.29
Basic earnings per share (in dollars per share)	1.66	1.38	8.55	3.91
Diluted earnings per share attributable to common shares:
Income from continuing operations (in dollars per share)	1.59	1.26	4.37	3.60
Income from discontinued operations (in dollars per share)	0.05	0.11	4.12	0.29
Diluted earnings per share (in dollars per share)	$ 1.64	$ 1.37	$ 8.49	$ 3.89
Average shares outstanding (in thousands):
Basic (in shares)	59,826	62,432	60,712	63,503
Diluted (in shares)	60,329	62,797	61,176	63,916
Dividends declared and paid per share (in dollars per share)	$ 0.40	$ 0.37	$ 1.14	$ 1.07
Comprehensive Income
Net income	$ 99.7	$ 86.3	$ 523	$ 250.4
Other comprehensive income (loss)
Foreign currency (losses) gains	(8.4)	13.4	(21.6)	44.6
Amortization of unrecognized net periodic benefit costs, net of tax	0.6	0.4	2.6	1.2
Other, net of tax	0	(0.2)	0.5	(0.9)
Other comprehensive income (loss)	(7.8)	13.6	(18.5)	44.9
Comprehensive income	$ 91.9	$ 99.9	$ 504.5	$ 295.3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 780.5	$ 378.3
Receivables, net of allowance of $5.9 million and $6.5 million, respectively	850.5	625.7
Inventories, net	489.1	448.8
Prepaid expenses	24.4	21.7
Other current assets	56.9	73.6
Discontinued operations	0	96.5
Total current assets	2,201.4	1,644.6
Property, plant, and equipment, net	763	731.1
Goodwill, net	1,443.3	1,452.1
Other intangible assets, net	993.5	1,065
Other long-term assets	31.2	34.9
Discontinued operations	0	372.1
Total assets	5,432.4	5,299.8
Current liabilities:
Accounts payable	362.7	332.1
Accrued expenses	280.3	257.8
Deferred revenue	29.7	27.8
Discontinued operations	0	40.9
Total current liabilities	672.7	658.6
Long-term liabilities:
Long-term debt	1,587.4	1,586.2
Deferred revenue	197.6	188
Other long-term liabilities	269	288.7
Discontinued operations	0	50
Total long-term liabilities	2,054	2,112.9
Shareholders' equity:
Preferred stock, $1 par value per share (5,000,000 shares authorized and unissued)	0	0
Common stock, $1 par value per share (200,000,000 shares; 59,583,235 and 61,839,734 shares outstanding, respectively)	78.7	78.7
Additional paid-in capital	377.8	353.7
Deferred compensation equity	8.3	10.4
Treasury shares, at cost (18,893,688 and 16,613,193 shares, respectively)	(935.5)	(649.6)
Accumulated other comprehensive loss	(110.7)	(85.7)
Retained earnings	3,287.1	2,820.8
Total shareholders' equity	2,705.7	2,528.3
Total liabilities and equity	$ 5,432.4	$ 5,299.8

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Receivables allowance	$ 5.9	$ 6.5
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, authorized shares	5,000,000	5,000,000
Preferred stock, unissued shares	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized shares	200,000,000	200,000,000
Common stock, shares outstanding	59,583,235	61,839,734
Treasury, shares	18,893,688	16,613,193

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Operating activities:
Net income	$ 523	$ 250.4
Reconciliation of net income to net cash provided by operating activities:
Depreciation	64.6	61.5
Amortization	78.6	59.2
Stock-based compensation, net of tax benefit	17.8	11.9
Deferred taxes	(9)	(3.1)
(Gain) loss on sale of assets	(6.4)	0.3
Gain on sale of discontinued operation, net of tax	(251)	0
Other operating activities, net	0.4	6.3
Changes in assets and liabilities, excluding effects of acquisitions:
Receivables	(207.2)	(155.3)
Inventories	(61.9)	(45.9)
Prepaid expenses and other assets	(0.9)	1.4
Accounts payable	12.6	61.3
Accrued expenses	(66.2)	39.9
Deferred revenues	11.8	15.4
Other long-term liabilities	(3.6)	(3.7)
Net cash provided by operating activities	102.6	299.6
Investing activities:
Proceeds from sale of discontinued operation	758	0
Capital expenditures	(96.1)	(105.8)
Acquisitions, net of cash acquired	(19.5)	(280)
Other investing activities, net	11.4	0.2
Net cash provided by (used in) investing activities	653.8	(385.6)
Financing activities:
Proceeds from revolving credit facility	0	491
Repayments of revolving credit facility	0	(306)
Repurchases of common stock	(295.4)	(266.4)
Dividends paid	(69.7)	(69)
Withholding tax paid related to stock-based compensation	(9.7)	(8.2)
Proceeds from exercise of stock options	22.3	4.1
Net cash used in financing activities	(352.5)	(154.5)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(0.4)	2.8
Change in cash and cash equivalents	403.5	(237.7)
Less: change in cash and cash equivalents of discontinued operations	(1.3)	(1.6)
Cash and cash equivalents at beginning of period	378.3	385
Cash and cash equivalents at beginning of period	$ 780.5	$ 145.7

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) $ in Millions		Total	Common Stock	Additional Paid-In Capital	Deferred Compensation Equity	Accumulated Other Comprehensive Income (loss).	Retained Earnings	Shares in Treasury
Balance at the beginning of the period at Dec. 31, 2016		$ 2,466.9	$ 78.7	$ 335.3	$ 10.3	$ (122.2)	$ 2,547.4	$ (382.6)
Balance (in shares) at Dec. 31, 2016			64,300,000					14,200,000
Increase (Decrease) in Shareholders' Equity
Net income		250.4					250.4
Other comprehensive income (loss), net of tax		44.9				44.9
Cash dividends - $1.14 and $1.07 for the nine months ended September 30, 2018 and 2017, respectively		(69)					(69)
Repurchases of common stock		(268.5)						$ (268.5)
Repurchases of common stock (in shares)			(2,700,000)					2,700,000
Issuances and deferrals. net for stock based compensation (1)	[1]	11.6		11.5	1.6			$ (1.5)
Issuances and deferrals, net for stock based compensation (in shares)	[1]		200,000					(200,000)
Balance at the end of the period at Sep. 30, 2017		2,436.3	$ 78.7	346.8	11.9	(77.3)	2,728.8	$ (652.6)
Balance (in shares) at Sep. 30, 2017			61,800,000					16,700,000
Increase (Decrease) in Shareholders' Equity
Adoption of accounting standards (2) | Adjustments for New Accounting Pronouncement	[2]	6.5				(6.5)	13
Balance at the beginning of the period at Dec. 31, 2017		$ 2,528.3	$ 78.7	353.7	10.4	(85.7)	2,820.8	$ (649.6)
Balance (in shares) at Dec. 31, 2017		61,839,734	61,800,000					16,600,000
Increase (Decrease) in Shareholders' Equity
Net income		$ 523					523
Other comprehensive income (loss), net of tax		(18.5)				(18.5)
Cash dividends - $1.14 and $1.07 for the nine months ended September 30, 2018 and 2017, respectively		(69.7)					(69.7)
Repurchases of common stock		(299.9)						$ (299.9)
Repurchases of common stock (in shares)			(2,700,000)					2,700,000
Issuances and deferrals. net for stock based compensation (1)	[1]	36		24.1	(2.1)			$ 14
Issuances and deferrals, net for stock based compensation (in shares)	[1]		500,000					(500,000)
Balance at the end of the period at Sep. 30, 2018		$ 2,705.7	$ 78.7	$ 377.8	$ 8.3	$ (110.7)	$ 3,287.1	$ (935.5)
Balance (in shares) at Sep. 30, 2018		59,583,235	59,600,000					18,800,000
[1]	1. Issuances and deferrals, net for stock based compensation reflects share activity related to option exercises, restricted and performance shares vested and net issuances and deferrals associated with deferred compensation equity.
[2]	2. Refer to Note 2 for further information regarding new accounting standards adopted.

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.40	$ 0.37	$ 1.14	$ 1.07

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared by Carlisle Companies Incorporated (the "Company" or "Carlisle"). The accompanying unaudited Condensed Consolidated Financial Statements do not include all disclosures as required by accounting principles generally accepted in the United States of America ("United States" or "U.S."), and should be read in conjunction with the Company’s audited Consolidated Financial Statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2017. The accompanying unaudited Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the U.S. and, of necessity, include some amounts that are based upon management estimates and judgments. The accompanying unaudited Condensed Consolidated Financial Statements include assets, liabilities, revenues and expenses of all majority-owned subsidiaries. Intercompany transactions and balances are eliminated in consolidation. In the Company's opinion, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting solely of adjustments of a normal, recurring nature, except as disclosed in Note 2 for new accounting standards adopted, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. During the fourth quarter of 2017, the Company revised (i) the Condensed Consolidated Statements of Income to include a subtotal of operating income, with other non-operating (income) expense, net reflected as a separate line item below interest expense, net and (ii) its segment measure of profit and loss to operating income (previously earnings before interest and taxes). The Company has reclassified certain prior period amounts to conform to the current period presentation of operating income, including other operating (income) expense, net, operating income and other non-operating (income) expense, net in the Condensed Consolidated Statements of Income and operating income in Note 3. These changes were made to better reflect the Company's results of operations and to be consistent with the change in the measure of operating performance evaluated by the Chief Operating Decision Maker, the Company's Chief Executive Officer. Discontinued Operations The results of operations for the Company's Carlisle FoodService Products ("CFS") segment have been classified as discontinued operations for all periods presented in the Condensed Consolidated Statements of Income. Assets and liabilities subject to the completed sale of CFS have been classified as discontinued operations for all periods presented in the Condensed Consolidated Balance Sheets. Refer to Note 5 for additional information.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements New Accounting Standards Adopted In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 outlines a single, comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance issued by the FASB, including industry specific guidance. ASU 2014-09 provides accounting guidance for all revenue arising from contracts with customers and affects all entities that enter into contracts with customers to provide goods and services. On January 1, 2018, the Company adopted ASU 2014-09 and all the related amendments ("ASC 606") to all uncompleted contracts using the modified retrospective method. The Company recognized the cumulative effect of initially applying ASC 606 as an adjustment to the opening balance of retained earnings totaling $6.5 million. The comparative information has not been adjusted and continues to be reported under the accounting standards in effect for those periods. The Company expects the impact of the adoption of ASC 606 to be immaterial to its reported revenue on an ongoing basis. A majority of the Company's revenues continue to be recognized when products are shipped from its manufacturing facilities or delivered to the customer, depending on shipping terms. For certain highly customized product contracts in the Carlisle Interconnect Technologies segment, revenue was previously recognized as billed, at the point products were shipped and title and associated risk and rewards of ownership passed to the customer. In accordance with ASC 606, the Company now recognizes revenue over time, for those highly customized products, using the input method as products are manufactured. A summary of the effects of adopting ASC 606 on the Condensed Consolidated Financial Statements follows: Three Months Ended September 30, 2018 (in millions) As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Condensed Consolidated Statement of Income Revenues $ 1,181.4 $ 1,175.1 $ 6.3 Cost of goods sold 867.1 862.3 4.8 Operating income 140.0 138.5 1.5 Provision for income taxes 25.0 24.7 0.3 Income from continuing operations 96.9 95.7 1.2 Net income 99.7 98.5 1.2 Nine Months Ended September 30, 2018 (in millions) As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Condensed Consolidated Statement of Income Revenues $ 3,402.2 $ 3,375.9 $ 26.3 Cost of goods sold 2,506.3 2,487.6 18.7 Operating income 394.4 386.8 7.6 Provision for income taxes 76.9 75.1 1.8 Income from continuing operations 269.5 263.7 5.8 Net income 523.0 517.2 5.8 September 30, 2018 (in millions) As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Condensed Consolidated Balance Sheet Receivables $ 850.5 $ 802.0 $ 48.5 Inventories, net 489.1 522.5 (33.4) Other current assets 56.9 56.0 0.9 Accrued expenses 280.3 278.5 1.8 Other long-term liabilities 269.0 267.0 2.0 Retained earnings 3,287.1 3,280.6 6.5 In March 2017, the FASB issued ASU 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ("ASU 2017-07"), which requires employers to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating income, if such measure is presented. The other components of net benefit cost, including amortization of prior service cost/credit, and settlement and curtailment effects, are to be included in non-operating income. ASU 2017-07 also stipulates that only the service cost component of net benefit cost is eligible for capitalization into inventory or other tangible assets. On January 1, 2018, the Company adopted ASU 2017-07 using a retrospective approach for the presentation in the Condensed Consolidated Statement of Income to include only the service cost component of net periodic pension costs and net periodic postretirement benefit cost in operating income. The Company elected to use, as a practical expedient, the amounts disclosed in its defined benefit plan note for the prior comparative period as the estimation basis for applying the retrospective presentation requirements. As a result of adopting ASU 2017-07, net periodic benefit income for the non-service cost components of $(0.6) million and $(1.8) million was reclassified from other operating (income) expense, net to other non-operating (income) expense, net for the three and nine months ended September 30, 2017. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02") which allows entities to reclassify from accumulated other comprehensive income to retained earnings for stranded tax effects related to the change in federal tax rate for all items accounted for in other comprehensive income. Entities can also elect to reclassify other stranded tax effects that relate to the Tax Cuts and Jobs Act, but do not directly relate to the change in the federal tax rate, including state taxes and changing from a worldwide tax system to a territorial system. Tax effects that are stranded in other comprehensive income for other reasons may not be reclassified. Effective January 1, 2018, the Company early adopted ASU 2018-02 using a modified retrospective approach for the presentation in the Condensed Consolidated Balance Sheets to reclassify $6.5 million related to the change in federal tax rate from accumulated other comprehensive loss to retained earnings. New Accounting Standards Issued But Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) ("ASU 2016-02") which requires lessees to recognize a lease liability for the obligation to make lease payments, measured at the present value on a discounted basis, and a right-of-use ("ROU") asset for the right to use the underlying asset for the duration of the lease term, measured as the lease liability amount adjusted for lease prepayments, lease incentives received, and initial direct costs. The lease liability and ROU asset are recognized in the balance sheet at the commencement of the lease. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Operating leases will result in straight-line expense while finance leases will result in a front-loaded expense pattern. Classification will be based on criteria that are largely similar to those applied in current lease accounting. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements , which amended the new leasing standard to give entities another option for transition. This transition option allows entities to not apply the new standard in the comparative periods they present in their financial statements in the year of adoption. ASU 2016-02, and its amendments, are effective for the Company beginning January 1, 2019, and requires the use of a modified retrospective approach for leases that exist at, or are entered into after the beginning of the year of adoption under the new transition guidance. Early application of the ASU is permitted; however, the Company plans to adopt on January 1, 2019 and expects to elect this new transition method. The Company continues its evaluation of adopting the standard, and currently expects the standard to have an impact of approximately $50.0 million to $60.0 million on its assets and liabilities for the addition of ROU assets and lease liabilities. The Company does not expect the standard to have a material impact on its results of operations or liquidity.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company has organized its operations into four primary segments, based on the products it sells, each of which represent a reportable segment as follows: Carlisle Construction Materials ("CCM") —the principal products of this segment are rubber (EPDM), thermoplastic polyolefin (TPO) and polyvinyl chloride (PVC) roofing membranes used predominantly on non-residential low-sloped roofs, related roofing accessories, including flashings, fasteners, sealing tapes and coatings and waterproofing products. CCM also manufactures and distributes energy-efficient rigid foam insulation panels for substantially all roofing applications. The markets served primarily include new construction, re-roofing and maintenance of low-sloped roofs, water containment, HVAC sealants and coatings and waterproofing. In addition, CCM offers a broad range of specialty polyurethane products and solutions across a broad diversity of markets and applications. Carlisle Interconnect Technologies ("CIT") —the principal products of this segment are high-performance wire, cable, connectors, contacts and cable assemblies for the transfer of power and data primarily for the aerospace, medical, defense electronics, test and measurement equipment and select industrial markets. Carlisle Fluid Technologies ("CFT") —the principal products of this segment are industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings used in the general industrial, transportation, auto refinishing, protective coating, wood and specialty markets. Carlisle Brake & Friction ("CBF") —the principal products of this segment include high-performance brakes and friction material and clutch and transmission friction material for the construction, agriculture, mining, on-highway, aerospace and motor sports markets. A summary of segment information follows: Three Months Ended September 30, 2018 2017 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 776.8 $ 120.9 $ 640.2 $ 124.4 Carlisle Interconnect Technologies 240.2 29.3 210.8 25.9 Carlisle Fluid Technologies 72.4 11.6 70.9 0.1 Carlisle Brake & Friction 92.0 (1.1) 80.5 1.3 Segment Total 1,181.4 160.7 1,002.4 151.7 Corporate and unallocated 1 — (20.7) — (16.9) Total $ 1,181.4 $ 140.0 $ 1,002.4 $ 134.8 Nine Months Ended September 30, 2018 2017 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 2,204.0 $ 338.1 $ 1,717.5 $ 334.2 Carlisle Interconnect Technologies 702.2 84.0 606.8 67.6 Carlisle Fluid Technologies 209.2 25.1 202.4 12.4 Carlisle Brake & Friction 286.8 6.3 233.6 3.8 Segment total 3,402.2 453.5 2,760.3 418.0 Corporate and unallocated 1 — (59.1) — (47.4) Total $ 3,402.2 $ 394.4 $ 2,760.3 $ 370.6 1. Corporate operating loss includes other unallocated costs, primarily general corporate expenses.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Acquisitions	Acquisitions Accella Holdings LLC On November 1, 2017, the Company acquired 100% of the equity of Accella Holdings LLC, the parent company to Accella Performance Materials Inc. (collectively "Accella"), a specialty polyurethane platform, from Accella Performance Materials LLC, a subsidiary of Arsenal Capital Partners, for total consideration of $671.4 million, including a cash, working capital and indebtedness settlement, which was finalized in the first quarter of 2018. Accella offers a wide range of polyurethane products and solutions across a broad diversity of markets and applications. The Company funded the acquisition with borrowings from the Revolving Credit Facility. In the three and nine months ended September 30, 2018, Accella contributed revenues of $112.3 million and $340.7 million, respectively, and an operating loss of $1.3 million and $1.2 million, respectively, to the Company's consolidated results. The results of operations of the acquired business are reported as part of the CCM segment. The Accella amounts included in the pro forma financial information below are based on Accella’s historical results and therefore may not be indicative of the actual results if owned by Carlisle. The pro forma adjustments represent management’s best estimates based on information available at the time the pro forma information was prepared and may differ from the adjustments that may actually have been required. Accordingly, pro forma information should not be relied upon as being indicative of the historical results that would have been realized had the acquisition occurred as of the date indicated or that may be achieved in the future. The unaudited combined pro forma financial information presented below includes revenues and income from continuing operations, net of tax, of the Company as if the business combination had occurred on January 1, 2016, based on the purchase price allocation presented below: Unaudited Pro Forma as of September 30, 2017 (in millions) Three Months Ended Nine Months Ended Revenues $ 1,117.6 $ 3,070.6 Income from continuing operations 72.0 212.9 The pro forma financial information reflects adjustments to Accella's historical financial information to apply the Company's accounting policies and to reflect the additional depreciation and amortization related to the preliminary fair value adjustments of the acquired net assets of $1.7 million and $8.5 million for the three and nine months ended September 30, 2017, respectively, together with the associated tax effects. Also, the pro forma financial information reflects acquisition-related costs described above as if they occurred in 2016. The following table summarizes the consideration transferred to acquire Accella and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed. The acquisition has been accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations , which requires that consideration be allocated to the acquired assets and assumed liabilities based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending review of the final valuation for all acquired assets and liabilities. Preliminary Allocation Measurement Period Adjustments Preliminary Allocation (in millions) 11/1/2017 9/30/2018 Total cash consideration transferred $ 670.7 $ 0.7 $ 671.4 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents $ 16.5 $ — $ 16.5 Receivables, net 66.8 — 66.8 Inventories, net 48.5 (1.0) 47.5 Prepaid expenses and other current assets 0.9 — 0.9 Property, plant and equipment 59.6 3.2 62.8 Definite-lived intangible assets 240.0 (1.0) 239.0 Other long-term assets 15.6 — 15.6 Accounts payable (45.5) — (45.5) Income tax payable 2.0 — 2.0 Accrued expenses (23.2) 9.5 (13.7) Other long-term liabilities (15.6) — (15.6) Deferred income taxes (83.5) 2.2 (81.3) Total identifiable net assets 282.1 12.9 295.0 Goodwill $ 388.6 $ (12.2) $ 376.4 The goodwill recognized in the acquisition of Accella reflects market participant synergies attributable to significant raw material purchase synergies with CCM, other administrative synergies and the assembled workforce to Carlisle, in addition to opportunities for product line expansions. The Company acquired $68.5 million of gross contractual accounts receivable, of which $1.7 million was not expected to be collected at the date of acquisition. Goodwill of $19.7 million is tax deductible, primarily in the United States. All of the goodwill has been preliminary assigned to the CCM reporting unit which aligns with the CCM reportable segment. The $239.0 million value allocated to definite-lived intangible assets consists of $145.0 million of customer relationships with useful lives ranging from 9 to 11 years, various acquired technologies of $66.0 million with useful lives ranging from 3 to 14 years and trade names of $28.0 million with useful lives ranging from 4 to 14 years. In accordance with the purchase agreement, Carlisle is indemnified for up to $25.0 million, and recorded an indemnification asset of $15.6 million in other long-term assets relating to the indemnification for a pre-acquisition income tax liability. The Company has also recorded, as part of the purchase price allocation, deferred tax liabilities related to intangible assets of approximately $81.3 million. During the third quarter of 2018, $4.5 million of certain pre-acquisition income tax uncertainties were resolved, resulting in the reversal of the related indemnification asset and corresponding liability. Excluding Accella, proforma results of operations for the 2017 acquisitions have not been presented because the effect of these acquisitions was not material to the Company's financial condition or results of operations for any of the periods presented. Drexel Metals On July 3, 2017, the Company acquired 100% of the equity of Drexel Metals, Inc., ("Drexel Metals") for cash consideration of $55.8 million. Drexel Metals is a leading provider of architectural standing seam metal roofing systems for commercial, institutional and residential applications. In the three and nine months ended September 30, 2018, Drexel Metals contributed revenues of $21.3 million and $52.3 million, respectively, and operating income of $1.3 million and $3.6 million, respectively, to the Company's consolidated results. The results of operations of the acquired business are reported within the CCM segment. Consideration has been allocated to goodwill of $26.9 million, $19.0 million to definite-lived intangible assets, $10.4 million to indefinite-lived intangible assets, $8.8 million to inventory, $5.3 million to accounts receivable, $5.8 million to accounts payable and $10.8 million to deferred income and other taxes payable. Definite-lived intangible assets consist of customer relationships with an estimated useful life of nine years. Of the $26.9 million of goodwill, none is deductible for tax purposes. All of the goodwill was assigned to the CCM reporting unit, which aligns with the reportable segment. Arbo On January 31, 2017, the Company acquired 100% of the equity of Arbo Holdings Limited ("Arbo") for estimated consideration of GBP 9.1 million or $11.5 million, including the estimated fair value of contingent consideration of GBP 2.0 million or $2.5 million and a working capital settlement, which was finalized in the second quarter of 2017. Arbo is a provider of sealants, coatings, and membrane systems used for waterproofing and sealing buildings and other structures. In the three and nine months ended September 30, 2018, Arbo contributed revenues of $5.2 million and $14.6 million, respectively, and operating income of $0.5 million and $1.0 million, respectively, to the Company's consolidated results. The results of operations of the acquired business are reported within the CCM segment. Consideration has been allocated to goodwill of $4.7 million, $2.2 million to definite-lived intangible assets, $2.1 million to inventory, $1.6 million to indefinite-lived intangibles, $1.5 million to accounts receivable, $1.4 million to accounts payable, and $1.4 million to deferred income and other taxes payable. Definite-lived intangible assets consist of customer relationships with an estimated useful life of 15 years. Of the $4.7 million of goodwill, $1.3 million is deductible for tax purposes. All of the goodwill was assigned to the CCM reporting unit, which aligns with the reportable segment.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued OperationsAs previously announced, the Company completed the sale of CFS to the Jordan Company of New York, NY, on March 20, 2018, for gross proceeds of $758.0 million, including a working capital adjustment, which was finalized in the third quarter of 2018. The sale of CFS is consistent with the Company's vision of operating a portfolio of businesses with highly engineered manufacturing products in strong growth markets. A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Revenues $ — $ 86.4 $ 69.5 $ 257.0 Cost of goods sold — 59.5 49.5 181.2 Other operating expenses, net 0.7 15.4 16.5 45.9 Operating (loss) income (0.7) 11.5 3.5 29.9 Other non-operating (income) expense, net — 0.1 — 0.2 (Loss) income from discontinued operations before income taxes (0.7) 11.4 3.5 29.7 Gain on sale of discontinued operations 3.3 — 296.8 — (Benefit) provision for income taxes (0.2) 4.2 46.8 11.0 Income from discontinued operations $ 2.8 $ 7.2 $ 253.5 $ 18.7 A summary of the carrying amounts of CFS's major assets and liabilities, which were classified as discontinued operations in the Condensed Consolidated Balance Sheet follows: (in millions) December 31, 2017 ASSETS Cash and cash equivalents $ 1.3 Receivables, net 32.0 Inventories, net 59.0 Prepaid other current assets 4.2 Total current assets $ 96.5 Property, plant, and equipment, net $ 49.7 Goodwill, net 149.7 Other intangible assets, net 169.4 Other long-term assets 3.3 Total long-term assets $ 372.1 LIABILITIES Accounts payable $ 20.4 Accrued expenses 20.5 Total current liabilities $ 40.9 Other long-term liabilities $ 50.0 Total long-term liabilities $ 50.0 A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows: (in millions) Nine Months Ended 2018 2017 Net cash (used in) provided by operating activities $ (2.0) $ 46.7 Net cash used in investing activities (8.1) (221.2) Net cash provided by financing activities 1 11.4 176.1 Change in cash and cash equivalents from discontinued operations $ 1.3 $ 1.6 1. Represents borrowings from the Carlisle cash pool to fund capital expenditures and acquisitions.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The Company’s restricted shares and restricted stock units contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing earnings per share pursuant to the two-class method. The computation below of earnings per share includes the income attributable to the vested and deferred restricted shares in the numerator and includes the dilutive impact of those underlying shares in the denominator. The computation below of earnings per share excludes the income attributable to the unvested restricted shares and restricted stock units from the numerator and excludes the dilutive impact of those underlying shares from the denominator. Stock options are included in the calculation of diluted earnings per share utilizing the treasury stock method and performance share awards are included in the calculation of diluted earnings per share considering those are contingently issuable. Neither is considered to be a participating security as they do not contain non-forfeitable dividend rights. The following reflects income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method: Three Months Ended Nine Months Ended (in millions, except share and per share amounts) 2018 2017 2018 2017 Income from continuing operations $ 96.9 $ 79.1 $ 269.5 $ 231.7 Less: dividends declared on common stock outstanding, restricted shares and restricted share units (24.1) (23.2) (69.7) (69.0) Undistributed earnings 72.8 55.9 199.8 162.7 Percent allocated to common shareholders 1 99.3 % 99.3 % 99.3 % 99.4 % 72.3 55.5 198.4 161.6 Add: dividends declared on common stock 23.8 23.2 69.0 68.1 Income from continuing operations attributable to common shares $ 96.1 $ 78.7 $ 267.4 $ 229.7 Shares (in thousands): Weighted-average common shares outstanding 59,826 62,432 60,712 63,503 Effect of dilutive securities: Performance awards 118 82 118 82 Stock options 385 283 346 331 Adjusted weighted-average common shares outstanding and assumed conversion 60,329 62,797 61,176 63,916 Per share income from continuing operations attributable to common shares: Basic $ 1.61 $ 1.27 $ 4.40 $ 3.62 Diluted $ 1.59 $ 1.26 $ 4.37 $ 3.60 1 . Basic weighted-average common shares outstanding 59,826 62,432 60,712 63,503 Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units 60,227 62,846 61,113 63,918 Percent allocated to common shareholders 99.3 % 99.3 % 99.3 % 99.4 % To calculate earnings per share for income from discontinued operations and for net income, the denominator for both basic and diluted earnings per share is the same as used in the above table. Income from discontinued operations and net income used in the basic and diluted earnings per share computations follows: Three Months Ended Nine Months Ended (in millions, except share amounts presented in thousands) 2018 2017 2018 2017 Income from discontinued operations attributable to common shareholders for basic and diluted earnings per share $ 2.8 $ 7.2 $ 251.9 $ 18.6 Net income attributable to common shareholders for basic and diluted earnings per share 98.9 85.9 519.3 248.4 Anti-dilutive stock options excluded from EPS calculation 1 327 377 604 328 1. Represents stock options excluded from the calculation of diluted earnings per share, as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue is recognized when obligations under the terms of a contract with a customer are satisfied; generally this occurs with the transfer of control of the Company’s products or services. Revenue is measured as the amount of total consideration expected to be received in exchange for transferring goods or providing services. Total expected consideration, in certain cases, is estimated at each reporting period, including interim periods, and is subject to change with variability dependent on future events, such as customer behavior related to future purchase volumes, returns, early payment discounts and other customer allowances. Estimates for rights of return, discounts and rebates to customers and other adjustments for variable consideration are provided for at the time of sale as a deduction to revenue, based on an analysis of historical experience and actual sales data. Changes in these estimates are reflected as an adjustment to revenue in the period identified. Sales, value added and other taxes collected concurrently with revenue-producing activities are excluded from revenue. The Company receives payment at the inception of the contract for separately priced extended service warranties, and revenue is deferred and recognized on a straight-line basis over the life of the contracts. The term of these warranties range from 5 to 40 years. The weighted average life of the contracts as of September 30, 2018, is approximately 19 years. Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customer in exchange for payment and is the unit of account. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when or as the performance obligation is satisfied. The majority of the Company’s contracts have a single performance obligation to transfer individual goods or services. For contracts with multiple performance obligations, the contract's transaction price is allocated to each performance obligation using the Company’s best estimate of the standalone selling price of each distinct good or service in the contract. The primary method used to estimate standalone selling price is observable prices. The Company’s performance obligations are satisfied, and control is transferred, either at a point in time or over time as work progresses. For the majority of the Company’s products, control is transferred and revenue is recognized when the product is shipped from the manufacturing facility or delivered to the customer, depending on shipping terms. Revenue is recognized over time primarily for separately priced extended service warranties in the CCM segment and certain highly customized product contracts in the CIT segment. Revenues for separately priced extended service warranties are recognized over the life of the contract. Revenues for highly customized product contracts are recognized based on the proportion of costs incurred to date, relative to total estimated costs to complete the contract and are generally incurred over twelve months or less. Highly customized product contract costs generally include labor, material and overhead. A summary of the timing of revenue recognition and reconciliation of disaggregated revenue by reportable segment follows: Three Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total Products transferred at a point in time $ 771.4 $ 232.5 $ 72.4 $ 92.0 $ 1,168.3 Products and services transferred over time 5.4 7.7 — — 13.1 Total revenues $ 776.8 $ 240.2 $ 72.4 $ 92.0 $ 1,181.4 Three Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total Products transferred at a point in time $ 635.2 $ 209.9 $ 70.9 $ 80.5 $ 996.5 Products and services transferred over time 5.0 0.9 — — 5.9 Total revenues $ 640.2 $ 210.8 $ 70.9 $ 80.5 $ 1,002.4 Nine Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total Products transferred at a point in time $ 2,188.1 $ 666.0 $ 209.2 $ 286.8 $ 3,350.1 Products and services transferred over time 15.9 36.2 — — 52.1 Total revenues $ 2,204.0 $ 702.2 $ 209.2 $ 286.8 $ 3,402.2 Nine Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total Products transferred at a point in time $ 1,702.5 $ 602.9 $ 202.4 $ 233.6 $ 2,741.4 Products and services transferred over time 15.0 3.9 — — 18.9 Total revenues $ 1,717.5 $ 606.8 $ 202.4 $ 233.6 $ 2,760.3 Remaining performance obligations for extended service warranties represent the transaction price for the remaining stand-ready obligation to perform warranty services. A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of September 30, 2018, follows: (in millions) Remainder of 2018 2019 2020 2021 2022 2023 Thereafter Extended service warranties $ 5.2 $ 20.1 $ 19.2 $ 18.1 $ 17.0 $ 15.8 $ 122.7 The Company has applied the practical expedient to not disclose information about remaining performance obligations that have original expected durations of one year or less. Additionally, the Company has applied the transition practical expedient to not disclose the amount of transaction price allocated to the remaining performance obligations and an expectation of when the Company expects to recognize associated revenues, for the nine months ended September 30, 2018. Contract Balances Contract liabilities relate to payments received in advance of performance under a contract, primarily related to extended service warranties in the CCM segment and systems contracts in the CFT segment. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. A summary of the change in contract liabilities for the nine months ended September 30, follows: (in millions) 2018 2017 Balance as of January 1 $ 215.8 $ 195.2 Revenue recognized (53.7) (53.6) Revenue deferred 64.9 69.6 Acquired liabilities 0.3 0.5 Balance as of September 30 $ 227.3 $ 211.7 Contract assets relate to the Company's right to payment for performance completed to date under a contract, primarily related to highly customized product contracts within the CIT segment. Accounts receivable are recorded when the right to payment becomes unconditional. A summary of the change in contract assets for the nine months ended September 30, follows: (in millions) 2018 Balance as of January 1 $ — Adoption of ASC 606 22.8 Revenue recognized and unbilled 118.6 Revenue billed (92.3) Balance as of September 30 $ 49.1 Contract assets were immaterial as of September 30, 2017. Costs to Obtain a Contract The Company has applied the practical expedient to recognize costs of obtaining or fulfilling a contract as expense as incurred. These costs generally included sales commissions and are included in selling, general and administrative costs in the Condensed Consolidated Statement of Income. Revenues by End-Market A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows: Three Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total General construction $ 716.0 $ — $ — $ — $ 716.0 Aerospace — 160.3 — 5.8 166.1 Heavy equipment 29.8 — — 74.4 104.2 Transportation — — 36.6 9.7 46.3 Medical — 39.1 — — 39.1 General industrial and other 31.0 40.8 35.8 2.1 109.7 Total revenues $ 776.8 $ 240.2 $ 72.4 $ 92.0 $ 1,181.4 Three Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total General construction $ 640.2 $ — $ — $ — $ 640.2 Aerospace — 137.8 — 4.4 142.2 Heavy equipment — — — 63.0 63.0 Transportation — — 39.1 10.7 49.8 Medical — 35.4 — — 35.4 General industrial and other — 37.6 31.8 2.4 71.8 Total revenues $ 640.2 $ 210.8 $ 70.9 $ 80.5 $ 1,002.4 Nine Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total General construction $ 2,030.4 $ — $ — $ — $ 2,030.4 Aerospace — 465.9 — 15.6 481.5 Heavy equipment 87.6 — — 232.9 320.5 Transportation — — 109.7 31.0 140.7 Medical — 108.4 — — 108.4 General industrial and other 86.0 127.9 99.5 7.3 320.7 Total revenues $ 2,204.0 $ 702.2 $ 209.2 $ 286.8 $ 3,402.2 Nine Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total General construction $ 1,717.5 $ — $ — $ — $ 1,717.5 Aerospace — 395.7 — 13.5 409.2 Heavy equipment — — — 179.8 179.8 Transportation — — 110.8 30.8 141.6 Medical — 95.8 — — 95.8 General industrial and other — 115.3 91.6 9.5 216.4 Total revenues $ 1,717.5 $ 606.8 $ 202.4 $ 233.6 $ 2,760.3 Revenues by Geographic Area A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation Expense	Stock-Based Compensation Stock-based compensation cost by award type follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Stock option awards $ 3.2 $ 1.8 $ 7.8 $ 5.3 Restricted stock awards 2.3 1.3 6.4 3.9 Performance share awards 2.2 1.4 6.1 4.0 Restricted stock units — — 1.4 1.4 Total stock-based compensation cost $ 7.7 $ 4.5 $ 21.7 $ 14.6 In the second quarter of 2018, the Company announced a stock option grant to U.S. employees and a stock appreciation right grant to employees outside the U.S. This grant contributed $1.1 million to stock-based compensation cost for the three and nine months ended September 30, 2018. Consistent with the Company's inventory accounting policy, $0.5 million of compensation cost was capitalized as inventory and will be recognized in the Consolidated Statements of Income when that related inventory is sold.

Exit and Disposal Activities

Exit and Disposal Activities	9 Months Ended
	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Exit and Disposal Activities	Exit and Disposal Activities Beginning in the fourth quarter of 2016, and through 2018, the Company has undertaken operational restructuring and other cost reduction actions to streamline processes and manage costs throughout various departments. These actions resulted in exit, disposal and employee termination benefit costs, primarily resulting from planned reductions in workforce, facility consolidations and relocations, and lease termination costs, as further discussed below by operating segment. CIT The Company is substantially complete with the relocation of certain of its medical manufacturing operations in Shenzhen, China, to a new manufacturing operation in Dongguan, China. During the three and nine months ended September 30, 2018, employee termination benefit costs associated with this plan totaled $0.1 million and $1.3 million, respectively. The project is substantially complete with cumulative exit and disposal costs recognized of $15.4 million through September 30, 2018, with total costs expected to approximate $15.6 million. During 2017, the Company entered into a letter of undertaking with the Chinese government, whereby the Company designated $10.1 million in cash specifically for the payment of employee termination benefits associated with the Chinese medical business action discussed above. Cash payments out of these designated funds began in August 2017 and were completed in the second quarter of 2018. CFT During 2017, the Company initiated plans to restructure its global footprint. These plans involve exiting manufacturing operations in Brazil and Mexico, exiting the systems sales business in Germany, and relocating the manufacturing operations in Angola, Indiana, to its existing Bournemouth, United Kingdom, manufacturing operations. All facility closures were completed in the first quarter of 2018 and production moved to either the Jackson, Tennessee, or Bournemouth facilities. During the nine months ended September 30, 2018, exit and disposal costs totaled $0.8 million, primarily reflecting employee termination benefit costs and legal fees. This project was substantially complete as of September 30, 2018, with cumulative exit and disposal costs of $11.1 million. CBF During 2017, the Company announced that it would exit its manufacturing operations in Tulsa, Oklahoma, and relocate the majority of those operations to its existing manufacturing facility in Medina, Ohio. This action is expected to take approximately 18 to 21 months to complete. Total associated exit and disposal costs are expected to be between $18.5 million to $21.5 million, including: • Non-cash accelerated depreciation of long-lived assets at the Oklahoma facility, primarily related to property, plant and equipment that will not be transferred to Ohio (between $3.5 million to $4.5 million expected to be recognized ratably through the remainder of 2018), • Costs to relocate and install equipment (between $5.0 million to $6.0 million, incurred primarily in mid-2018), • Employee retention and termination benefits (approximately $3.0 million, incurred ratably through the second half of 2018), • Other associated costs related to the closure of the facility and internal administration of the project (between $7.0 million to $8.0 million, incurred primarily in the second half of 2018). During the three and nine months ended September 30, 2018, exit and disposal costs totaled $3.2 million and $8.5 million, respectively, primarily related to equipment moving expenses, accelerated depreciation and employee termination benefits. Remaining costs of approximately $7.0 million are expected to be incurred principally in the fourth quarter of 2018. Consolidated Summary The Company's exit and disposal costs by activity follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Employee severance and benefit arrangements $ 0.5 $ 9.9 $ 2.2 $ 15.3 Accelerated depreciation 0.4 — 1.5 — Relocation costs 0.3 0.2 0.7 1.1 Other restructuring costs 2.9 1.5 7.4 3.4 Total exit and disposal costs $ 4.1 $ 11.6 $ 11.8 $ 19.8 The Company's exit and disposal activities costs by segment follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Carlisle Brake & Friction $ 3.2 $ 1.0 $ 8.5 $ 3.0 Carlisle Interconnect Technologies 0.6 2.7 2.5 7.5 Carlisle Fluid Technologies 0.3 7.5 0.8 8.5 Corporate — 0.4 — 0.8 Total exit and disposal costs $ 4.1 $ 11.6 $ 11.8 $ 19.8 The Company's exit and disposal activities costs by financial statement line item follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Cost of goods sold $ 4.0 $ 3.1 $ 10.0 $ 6.9 Selling and administrative expenses — 8.5 1.3 12.8 Other operating (income) expense, net — — 0.4 — Research and development expenses 0.1 — 0.1 0.1 Total exit and disposal costs $ 4.1 $ 11.6 $ 11.8 $ 19.8 The Company's change in exit and disposal activities liability follows: (in millions) CIT CFT CBF Total Balance as of December 31, 2017 $ 4.9 $ 6.7 $ 1.5 $ 13.1 Charges 2.5 0.8 8.5 11.8 Cash payments (5.9) (6.9) (6.7) (19.5) Other adjustments and non-cash settlements (1.2) — (1.5) (2.7) Balance as of September 30, 2018 $ 0.3 $ 0.6 $ 1.8 $ 2.7 The liability of $2.7 million primarily relates to employee severance and benefit arrangements, and is included in accrued expenses on the Condensed Consolidated Balance Sheet.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective income tax rate on continuing operations for the nine months ended September 30, 2018, was 22.2%. The year-to-date provision for income taxes includes taxes on earnings at an anticipated rate of approximately 24.6% and a year-to-date net discrete tax benefit of $8.4 million. The year-to-date net discrete tax benefit relates primarily to a reduction of unrecognized tax benefits of $4.4 million and excess tax benefits related to employee stock compensation of $4.6 million. The effective income tax rate on continuing operations for the nine months ended September 30, 2017, was 33.3% and included a year-to-date net discrete tax expense of $0.3 million. The change in the rate from September 30, 2017 to September 30, 2018, was primarily caused by the reduction to the statutory United States income tax rate from 35% to 21% as part of the Tax Cuts and Jobs Act (“Tax Act”) signed in December 2017 . The changes included in the Tax Act are broad and complex. As such, on December 22, 2017, the Securities and Exchange Commission (“SEC”) issued SAB 118. SAB 118 expresses views of the SEC regarding ASC Topic 740, Income Taxes in the reporting period that includes the enactment date of the Tax Act. If a company does not have the necessary information available, prepared or analyzed for certain income tax effects of the Tax Act, SAB 118 allows a company to report provisional numbers and adjust those amounts during the measurement period not to extend beyond a one-year measurement period. The Company has recorded provisional amounts for all known and estimable impacts of the Tax Act that are effective for the year ended December 31, 2017. During the three months ended September 30, 2018, the Company made a measurement period adjustment related to the Tax Act resulting in a discrete tax expense of $1.3 million. However, the Company will continue to refine its estimates through the allowable measurement period as other calculations have not been finalized nor have there been any changes in the interpretation of the law or additional guidance regarding the law that would materially impact the Company’s provisional amounts. The Company continues to review the anticipated impacts of the global intangible low taxed income (“GILTI”) and Foreign-Derived Intangible Income deduction (“FDII”) on the Company for 2018. The combined forecasted net impact of both GILTI and FDII are not anticipated to be material to the tax rate.

Inventories, net

Inventories, net	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net The summarized components of inventory follows: (in millions) September 30, 2018 December 31, 2017 Raw materials $ 193.4 $ 177.7 Work-in-process 68.1 62.9 Finished goods 262.8 238.5 Reserves (35.2) (30.3) Inventories, net $ 489.1 $ 448.8

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, net	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, net	Goodwill and Other Intangible Assets, net As a result of the sale of CFS on March 20, 2018, the Company reclassified $149.7 million of goodwill and $169.4 million of other intangible assets, net allocated to the CFS segment as of December 31, 2017, to discontinued operations within long-term assets on the Condensed Consolidated Balance Sheets. The changes in the carrying amount of goodwill, net for the nine months ended September 30, 2018, follows: (in millions) CCM CIT CFT CBF 1 Total Balance as of December 31, 2017 $ 544.3 $ 640.3 $ 171.0 $ 96.5 $ 1,452.1 Goodwill acquired during year 2 2.8 2.7 — — 5.5 Measurement period adjustments 3 (12.2) — — — (12.2) Currency translation and other (1.2) 0.1 (1.0) — (2.1) Balance as of September 30, 2018 $ 533.7 $ 643.1 $ 170.0 $ 96.5 $ 1,443.3 1. CBF goodwill balance as of December 31, 2017, is presented net of accumulated impairment losses of $130.0 million recorded in 2016. No other segments have incurred impairment losses. 2. For the first nine months of 2018, Carlisle acquired three businesses for an aggregate purchase price of $20.1 million. 3. Refer to Note 4 for further information on goodwill adjustments resulting from recent acquisitions. A summary of the Company's other intangible assets, net follows: September 30, 2018 December 31, 2017 (in millions) Acquired Cost Accumulated Amortization Net Book Value Acquired Cost Accumulated Amortization Net Book Value Assets subject to amortization: Customer relationships $ 845.1 $ (273.1) $ 572.0 $ 844.8 $ (230.8) $ 614.0 Technology and intellectual property 269.8 (120.7) 149.1 272.0 (95.6) 176.4 Trade names and other 41.6 (13.5) 28.1 40.1 (9.6) 30.5 Assets not subject to amortization: Trade names 244.3 — 244.3 244.1 — 244.1 Other intangible assets, net $ 1,400.8 $ (407.3) $ 993.5 $ 1,401.0 $ (336.0) $ 1,065.0 The net book values of other intangible assets, net by reportable segment follows: (in millions) September 30, 2018 December 31, 2017 Carlisle Construction Materials $ 296.4 $ 325.1 Carlisle Interconnect Technologies 322.5 344.5 Carlisle Fluid Technologies 286.1 302.5 Carlisle Brake & Friction 88.2 92.9 Corporate 0.3 — Total $ 993.5 $ 1,065.0

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation Over the years, the Company has been named as a defendant, along with numerous other defendants, in lawsuits in various state courts in which plaintiffs have alleged injury due to exposure to asbestos-containing brakes, which Carlisle manufactured in limited amounts between the late-1940s and the mid-1980s. In addition to compensatory awards, these lawsuits may also seek punitive damages. Generally, the Company has obtained dismissals or settlements of its asbestos-related lawsuits with no material effect on its financial condition, results of operations, or cash flows. The Company maintains insurance coverage that applies to the Company’s defense costs and payments of settlements or judgments in connection with asbestos-related lawsuits. At this time, the amount of reasonably possible asbestos claims, if any, is not material to the Company's financial position, results of operations, or operating cash flows, although these matters could result in the Company being subject to monetary damages, costs or expenses, and charges against earnings in particular periods. The Company may occasionally be involved in various other legal actions arising in the normal course of business. In the opinion of management, the ultimate outcome of such actions, either individually or in the aggregate, will not have a material adverse effect on the consolidated financial position or annual operating cash flows of the Company. Environmental Matters The Company is subject to increasingly stringent environmental laws and regulations, including those relating to air emissions, wastewater discharges, chemical and hazardous waste management, and disposal. Some of these environmental laws hold owners or operators of land or businesses liable for their own and for previous owners’ or operators’ releases of hazardous or toxic substances or wastes. Other environmental laws and regulations require the obtainment of, and compliance with, environmental permits. To date, costs of complying with environmental, health, and safety requirements have not been material, and the Company did not have any significant accruals related to potential future costs of environmental remediation as of September 30, 2018, nor are any asset retirement obligations recorded as of that date. However, the nature of the Company’s operations and its long history of industrial activities at certain of its current or former facilities, as well as those acquired, could potentially result in material environmental liabilities or asset retirement obligations.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt A summary of the Company's long-term debt follows: (in millions) Fair Value 1 September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 3.75% Notes due 2027 $ 600.0 $ 600.0 $ 570.3 $ 607.1 3.5% Notes due 2024 400.0 400.0 384.3 403.7 3.75% Notes due 2022 350.0 350.0 347.4 358.9 5.125% Notes due 2020 250.0 250.0 256.9 264.8 Unamortized discount, debt issuance costs, and other (12.6) (13.8) Total long term-debt $ 1,587.4 $ 1,586.2 1. The fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities. Based on these inputs, the debt instruments are classified as Level 2 in the fair value hierarchy. Revolving Credit Facility During the nine months ended September 30, 2018, there were no borrowings under the Facility. As of September 30, 2018, and December 31, 2017, the Facility had no outstanding balance and $1.0 billion available for use. Covenants and Limitations Under the Company’s debt and credit facilities, the Company is required to meet various restrictive covenants and limitations, including limitations on certain leverage ratios, interest coverage, and limits on outstanding debt balances held by certain subsidiaries. The Company was in compliance with all covenants and limitations as of September 30, 2018 and December 31, 2017. Letters of Credit and Guarantees During the normal course of business, the Company enters into commitments in the form of letters of credit and bank guarantees to provide financial and performance assurance to third parties. As of September 30, 2018 and December 31, 2017, the Company had $26.1 million and $26.3 million in letters of credit and bank guarantees outstanding, respectively. The Company has multiple arrangements to obtain letters of credit, which include an agreement with unspecified availability and separate agreements for up to $80.0 million in letters of credit, of which $56.1 million was available for use as of September 30, 2018.

Defined Benefit Plan

Defined Benefit Plan	9 Months Ended
	Sep. 30, 2018
Retirement Benefits [Abstract]
Defined Benefit Plan	Defined Benefit Plan The Company recognizes net periodic benefit cost based on the actuarial analysis performed at the previous year end, adjusted if certain significant events occur during the year. The components of net periodic benefit cost follows: Three Months Ended Nine Months Ended (in millions) 2018 2017 2018 2017 Service cost $ 0.8 $ 0.7 $ 2.4 $ 2.0 Interest cost 1.3 1.3 4.1 3.9 Expected return on plan assets (2.5) (2.5) (7.7) (7.6) Amortization of unrecognized loss 1 1.1 0.6 3.4 1.9 Net periodic benefit cost $ 0.7 $ 0.1 $ 2.2 $ 0.2 1. Includes amortization of unrecognized actuarial (gain) loss and prior service credits and excludes provision for income tax of $(0.6) million $(0.9) million for the three and nine months ended September 30, 2018, and $(0.3) million and $(0.8) million for the three and nine months ended September 30, 2017, respectively. The components of net periodic benefit cost, other than the service cost component, are included in other non-operating (income) expense, net in the Condensed Consolidated Statements of Income.

Standard Product Warranties

Standard Product Warranties	9 Months Ended
	Sep. 30, 2018
Standard Product Warranty Disclosure [Abstract]
Standard Product Warranties	Standard Product Warranties The Company offers various standard warranty programs on its products, primarily for certain installed roofing systems, high-performance cables and assemblies, fluid technologies and braking products. The Company’s liability for such warranty programs is included in accrued expenses in the Condensed Consolidated Balance Sheets. The change in standard product warranty liabilities for the nine months ended September 30, follows: (in millions) 2018 2017 Balance as of January 1 $ 30.4 $ 29.1 Current year provision 16.6 12.5 Current year claims (12.1) (11.8) Currency translation (0.2) 0.9 Balance as of September 30 $ 34.7 $ 30.7

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Foreign Currency Forward Contracts The Company uses foreign currency forward contracts to hedge a portion of its foreign currency exchange rate exposure to forecasted foreign currency denominated cash flows. These instruments are not held for speculative or trading purposes. A summary of the Company's designated and non-designated cash flow hedges follows: September 30, 2018 December 31, 2017 (in millions) Fair Value 1 Notional Value Fair Value 1 Notional Value Designated hedges $ — $ 6.2 $ (0.2) $ 22.3 Non-designated hedges (0.1) 38.4 0.2 38.6 1. The fair value of foreign currency forward contracts is included in other current assets. The fair value was estimated using observable market inputs such as forward and spot prices of the underlying exchange rate pair. Based on these inputs, derivative assets and liabilities are classified as Level 2 in the fair value hierarchy. For instruments that are designated and qualify as cash flow hedges, the Company had foreign currency forward contracts with maturities less than one year. The changes in the fair value of the contracts are recorded in accumulated other comprehensive income (loss) on the Condensed Consolidated Statements of Shareholders' Equity and recognized in the same Condensed Consolidated Statements of Income line item as the impact of the hedged item, revenues or cost of goods sold, when the underlying forecasted transaction impacts earnings. Gains and losses on the contracts representing hedge components excluded from the assessment of hedged effectiveness are recognized in the same Condensed Consolidated Statements of Income line item as the hedged item, revenues or cost of goods sold, currently. The change in accumulated other comprehensive income (loss) related to cash flow hedges for the three and nine months ended September 30, follows: (in millions) 2018 2017 Balance as of July 1 $ (3.5) $ 0.2 Other comprehensive loss before reclassifications (0.1) (0.2) Amounts reclassified from accumulated other comprehensive loss 0.1 — Other comprehensive income (loss) — (0.2) Balance as of September 30 $ (3.5) $ — (in millions) 2018 2017 Balance as of January 1 $ (4.0) $ 0.9 Other comprehensive income (loss) before reclassifications 0.2 (0.4) Amounts reclassified from accumulated other comprehensive loss 0.3 (0.5) Other comprehensive income (loss) 0.5 (0.9) Balance as of September 30 $ (3.5) $ — For instruments that are not designated as a cash flow hedge, the Company had foreign exchange contracts with maturities less than one year. The unrealized gains and losses resulting from these contracts were immaterial and are recognized in other non-operating (income) expense, net and partially offset corresponding foreign exchange gains and losses on these balances. Rabbi Trust The Company has established a Rabbi Trust to provide for a degree of financial security to cover its obligations associated with its deferred compensation plan. Contributions to the Rabbi Trust by the Company are made at the discretion of management and generally are made in cash and invested in money-market funds. The Company consolidates the Rabbi Trust and therefore includes the investments in its Condensed Consolidated Balance Sheets. As of September 30, 2018 and December 31, 2017, the Company had $10.7 million and $13.2 million of cash, respectively, and $5.3 million and $4.0 million of short-term investments, respectively. The short-term investments are measured at fair value using quoted market prices in active markets (i.e., Level 1 measurements) with changes in fair value recorded in net income and the associated cash flows presented as operating cash flows. Other Financial Instruments Other financial instruments include cash and cash equivalents, accounts receivable, net, accounts payable, accrued expenses and long-term debt. The carrying value for cash and cash equivalents, accounts receivable, net, accounts payable and accrued expenses approximates fair value because of their short-term nature and generally negligible credit losses (refer to Note 14 for the fair value of long-term debt).

New Accounting Pronouncements (

New Accounting Pronouncements (Tables)	9 Months Ended
	Sep. 30, 2018
New Accounting Pronouncements [Abstract]
Summary of the Effects of Adopting ASC 606	A summary of the effects of adopting ASC 606 on the Condensed Consolidated Financial Statements follows: Three Months Ended September 30, 2018 (in millions) As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Condensed Consolidated Statement of Income Revenues $ 1,181.4 $ 1,175.1 $ 6.3 Cost of goods sold 867.1 862.3 4.8 Operating income 140.0 138.5 1.5 Provision for income taxes 25.0 24.7 0.3 Income from continuing operations 96.9 95.7 1.2 Net income 99.7 98.5 1.2 Nine Months Ended September 30, 2018 (in millions) As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Condensed Consolidated Statement of Income Revenues $ 3,402.2 $ 3,375.9 $ 26.3 Cost of goods sold 2,506.3 2,487.6 18.7 Operating income 394.4 386.8 7.6 Provision for income taxes 76.9 75.1 1.8 Income from continuing operations 269.5 263.7 5.8 Net income 523.0 517.2 5.8 September 30, 2018 (in millions) As Reported Balances Without Adoption of ASC 606 Effect of Change Higher/(Lower) Condensed Consolidated Balance Sheet Receivables $ 850.5 $ 802.0 $ 48.5 Inventories, net 489.1 522.5 (33.4) Other current assets 56.9 56.0 0.9 Accrued expenses 280.3 278.5 1.8 Other long-term liabilities 269.0 267.0 2.0 Retained earnings 3,287.1 3,280.6 6.5

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Summary of net sales and earnings before interest and taxes ("EBIT")	A summary of segment information follows: Three Months Ended September 30, 2018 2017 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 776.8 $ 120.9 $ 640.2 $ 124.4 Carlisle Interconnect Technologies 240.2 29.3 210.8 25.9 Carlisle Fluid Technologies 72.4 11.6 70.9 0.1 Carlisle Brake & Friction 92.0 (1.1) 80.5 1.3 Segment Total 1,181.4 160.7 1,002.4 151.7 Corporate and unallocated 1 — (20.7) — (16.9) Total $ 1,181.4 $ 140.0 $ 1,002.4 $ 134.8 Nine Months Ended September 30, 2018 2017 (in millions) Revenues Operating Income (Loss) Revenues Operating Income (Loss) Carlisle Construction Materials $ 2,204.0 $ 338.1 $ 1,717.5 $ 334.2 Carlisle Interconnect Technologies 702.2 84.0 606.8 67.6 Carlisle Fluid Technologies 209.2 25.1 202.4 12.4 Carlisle Brake & Friction 286.8 6.3 233.6 3.8 Segment total 3,402.2 453.5 2,760.3 418.0 Corporate and unallocated 1 — (59.1) — (47.4) Total $ 3,402.2 $ 394.4 $ 2,760.3 $ 370.6 1. Corporate operating loss includes other unallocated costs, primarily general corporate expenses.

Acquisitions (Tables)

Acquisitions (Tables) - Accella Performance Materials	9 Months Ended
	Sep. 30, 2018
Acquisitions
Unaudited Combined Pro Forma Information	The unaudited combined pro forma financial information presented below includes revenues and income from continuing operations, net of tax, of the Company as if the business combination had occurred on January 1, 2016, based on the purchase price allocation presented below: Unaudited Pro Forma as of September 30, 2017 (in millions) Three Months Ended Nine Months Ended Revenues $ 1,117.6 $ 3,070.6 Income from continuing operations 72.0 212.9
Summary of consideration transferred and the allocation of the consideration to acquired assets and assumed liabilities	The following table summarizes the consideration transferred to acquire Accella and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed. The acquisition has been accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations , which requires that consideration be allocated to the acquired assets and assumed liabilities based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending review of the final valuation for all acquired assets and liabilities. Preliminary Allocation Measurement Period Adjustments Preliminary Allocation (in millions) 11/1/2017 9/30/2018 Total cash consideration transferred $ 670.7 $ 0.7 $ 671.4 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents $ 16.5 $ — $ 16.5 Receivables, net 66.8 — 66.8 Inventories, net 48.5 (1.0) 47.5 Prepaid expenses and other current assets 0.9 — 0.9 Property, plant and equipment 59.6 3.2 62.8 Definite-lived intangible assets 240.0 (1.0) 239.0 Other long-term assets 15.6 — 15.6 Accounts payable (45.5) — (45.5) Income tax payable 2.0 — 2.0 Accrued expenses (23.2) 9.5 (13.7) Other long-term liabilities (15.6) — (15.6) Deferred income taxes (83.5) 2.2 (81.3) Total identifiable net assets 282.1 12.9 295.0 Goodwill $ 388.6 $ (12.2) $ 376.4

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Activity of Discontinued Operations	A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Revenues $ — $ 86.4 $ 69.5 $ 257.0 Cost of goods sold — 59.5 49.5 181.2 Other operating expenses, net 0.7 15.4 16.5 45.9 Operating (loss) income (0.7) 11.5 3.5 29.9 Other non-operating (income) expense, net — 0.1 — 0.2 (Loss) income from discontinued operations before income taxes (0.7) 11.4 3.5 29.7 Gain on sale of discontinued operations 3.3 — 296.8 — (Benefit) provision for income taxes (0.2) 4.2 46.8 11.0 Income from discontinued operations $ 2.8 $ 7.2 $ 253.5 $ 18.7 A summary of the carrying amounts of CFS's major assets and liabilities, which were classified as discontinued operations in the Condensed Consolidated Balance Sheet follows: (in millions) December 31, 2017 ASSETS Cash and cash equivalents $ 1.3 Receivables, net 32.0 Inventories, net 59.0 Prepaid other current assets 4.2 Total current assets $ 96.5 Property, plant, and equipment, net $ 49.7 Goodwill, net 149.7 Other intangible assets, net 169.4 Other long-term assets 3.3 Total long-term assets $ 372.1 LIABILITIES Accounts payable $ 20.4 Accrued expenses 20.5 Total current liabilities $ 40.9 Other long-term liabilities $ 50.0 Total long-term liabilities $ 50.0 A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows: (in millions) Nine Months Ended 2018 2017 Net cash (used in) provided by operating activities $ (2.0) $ 46.7 Net cash used in investing activities (8.1) (221.2) Net cash provided by financing activities 1 11.4 176.1 Change in cash and cash equivalents from discontinued operations $ 1.3 $ 1.6 1. Represents borrowings from the Carlisle cash pool to fund capital expenditures and acquisitions.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Component of income from continuing operations and share data used in basic and diluted earnings per share	The following reflects income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method: Three Months Ended Nine Months Ended (in millions, except share and per share amounts) 2018 2017 2018 2017 Income from continuing operations $ 96.9 $ 79.1 $ 269.5 $ 231.7 Less: dividends declared on common stock outstanding, restricted shares and restricted share units (24.1) (23.2) (69.7) (69.0) Undistributed earnings 72.8 55.9 199.8 162.7 Percent allocated to common shareholders 1 99.3 % 99.3 % 99.3 % 99.4 % 72.3 55.5 198.4 161.6 Add: dividends declared on common stock 23.8 23.2 69.0 68.1 Income from continuing operations attributable to common shares $ 96.1 $ 78.7 $ 267.4 $ 229.7 Shares (in thousands): Weighted-average common shares outstanding 59,826 62,432 60,712 63,503 Effect of dilutive securities: Performance awards 118 82 118 82 Stock options 385 283 346 331 Adjusted weighted-average common shares outstanding and assumed conversion 60,329 62,797 61,176 63,916 Per share income from continuing operations attributable to common shares: Basic $ 1.61 $ 1.27 $ 4.40 $ 3.62 Diluted $ 1.59 $ 1.26 $ 4.37 $ 3.60 1 . Basic weighted-average common shares outstanding 59,826 62,432 60,712 63,503 Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units 60,227 62,846 61,113 63,918 Percent allocated to common shareholders 99.3 % 99.3 % 99.3 % 99.4 %
Component of income (loss) from discontinued operations and share data used in basic and diluted earnings per share	Income from discontinued operations and net income used in the basic and diluted earnings per share computations follows: Three Months Ended Nine Months Ended (in millions, except share amounts presented in thousands) 2018 2017 2018 2017 Income from discontinued operations attributable to common shareholders for basic and diluted earnings per share $ 2.8 $ 7.2 $ 251.9 $ 18.6 Net income attributable to common shareholders for basic and diluted earnings per share 98.9 85.9 519.3 248.4 Anti-dilutive stock options excluded from EPS calculation 1 327 377 604 328 1. Represents stock options excluded from the calculation of diluted earnings per share, as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Reconciliation of Disaggregated Revenue	A summary of revenues disaggregated by major end-market industries and reconciliation of disaggregated revenue by segment follows: Three Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total General construction $ 716.0 $ — $ — $ — $ 716.0 Aerospace — 160.3 — 5.8 166.1 Heavy equipment 29.8 — — 74.4 104.2 Transportation — — 36.6 9.7 46.3 Medical — 39.1 — — 39.1 General industrial and other 31.0 40.8 35.8 2.1 109.7 Total revenues $ 776.8 $ 240.2 $ 72.4 $ 92.0 $ 1,181.4 Three Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total General construction $ 640.2 $ — $ — $ — $ 640.2 Aerospace — 137.8 — 4.4 142.2 Heavy equipment — — — 63.0 63.0 Transportation — — 39.1 10.7 49.8 Medical — 35.4 — — 35.4 General industrial and other — 37.6 31.8 2.4 71.8 Total revenues $ 640.2 $ 210.8 $ 70.9 $ 80.5 $ 1,002.4 Nine Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total General construction $ 2,030.4 $ — $ — $ — $ 2,030.4 Aerospace — 465.9 — 15.6 481.5 Heavy equipment 87.6 — — 232.9 320.5 Transportation — — 109.7 31.0 140.7 Medical — 108.4 — — 108.4 General industrial and other 86.0 127.9 99.5 7.3 320.7 Total revenues $ 2,204.0 $ 702.2 $ 209.2 $ 286.8 $ 3,402.2 Nine Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total General construction $ 1,717.5 $ — $ — $ — $ 1,717.5 Aerospace — 395.7 — 13.5 409.2 Heavy equipment — — — 179.8 179.8 Transportation — — 110.8 30.8 141.6 Medical — 95.8 — — 95.8 General industrial and other — 115.3 91.6 9.5 216.4 Total revenues $ 1,717.5 $ 606.8 $ 202.4 $ 233.6 $ 2,760.3 Revenues by Geographic Area A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows: Three Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total United States $ 687.2 $ 171.6 $ 29.2 $ 41.1 $ 929.1 International: Europe 52.2 20.5 14.2 24.4 111.3 Asia 3.8 24.8 24.0 18.9 71.5 Canada 27.7 1.4 1.9 0.8 31.8 Mexico and Latin America 1.0 12.1 2.3 3.3 18.7 Middle East and Africa 3.3 6.8 0.4 0.5 11.0 Other 1.6 3.0 0.4 3.0 8.0 Total international 89.6 68.6 43.2 50.9 252.3 Total revenues $ 776.8 $ 240.2 $ 72.4 $ 92.0 $ 1,181.4 Three Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total United States $ 572.1 $ 142.4 $ 27.4 $ 34.3 $ 776.2 International: Europe 40.1 24.6 14.3 22.7 101.7 Asia 4.5 23.6 22.2 16.3 66.6 Canada 20.6 1.3 1.4 0.8 24.1 Mexico and Latin America 0.3 11.6 3.8 3.5 19.2 Middle East and Africa 1.9 5.8 0.5 0.3 8.5 Other 0.7 1.5 1.3 2.6 6.1 Total international 68.1 68.4 43.5 46.2 226.2 Total revenues $ 640.2 $ 210.8 $ 70.9 $ 80.5 $ 1,002.4 Nine Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total United States $ 1,949.8 $ 491.9 $ 85.5 $ 121.3 $ 2,648.5 International: Europe 144.0 65.8 42.5 83.6 335.9 Asia 12.6 73.3 68.4 58.4 212.7 Canada 75.6 3.9 5.2 2.2 86.9 Mexico and Latin America 3.3 36.5 4.9 10.8 55.5 Middle East and Africa 12.2 21.1 1.8 1.0 36.1 Other 6.5 9.7 0.9 9.5 26.6 Total international 254.2 210.3 123.7 165.5 753.7 Total revenues $ 2,204.0 $ 702.2 $ 209.2 $ 286.8 $ 3,402.2 Nine Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total United States $ 1,531.4 $ 397.1 $ 81.6 $ 97.7 $ 2,107.8 International: Europe 119.6 73.0 41.0 68.4 302.0 Asia 8.9 74.1 62.5 45.6 191.1 Canada 45.4 3.6 5.0 3.1 57.1 Mexico and Latin America 1.2 35.2 7.4 9.4 53.2 Middle East and Africa 8.8 19.1 1.5 2.1 31.5 Other 2.2 4.7 3.4 7.3 17.6 Total international 186.1 209.7 120.8 135.9 652.5 Total revenues $ 1,717.5 $ 606.8 $ 202.4 $ 233.6 $ 2,760.3
Summary of the Timing of Revenue Recognition	A summary of estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of September 30, 2018, follows: (in millions) Remainder of 2018 2019 2020 2021 2022 2023 Thereafter Extended service warranties $ 5.2 $ 20.1 $ 19.2 $ 18.1 $ 17.0 $ 15.8 $ 122.7
Change in Contract Liabilities	A summary of the change in contract liabilities for the nine months ended September 30, follows: (in millions) 2018 2017 Balance as of January 1 $ 215.8 $ 195.2 Revenue recognized (53.7) (53.6) Revenue deferred 64.9 69.6 Acquired liabilities 0.3 0.5 Balance as of September 30 $ 227.3 $ 211.7
Schedule of Change in Contract Assets	A summary of the change in contract assets for the nine months ended September 30, follows: (in millions) 2018 Balance as of January 1 $ — Adoption of ASC 606 22.8 Revenue recognized and unbilled 118.6 Revenue billed (92.3) Balance as of September 30 $ 49.1
Products Transferred at a Point in Time or Over Time
Disaggregation of Revenue [Line Items]
Reconciliation of Disaggregated Revenue	A summary of the timing of revenue recognition and reconciliation of disaggregated revenue by reportable segment follows: Three Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total Products transferred at a point in time $ 771.4 $ 232.5 $ 72.4 $ 92.0 $ 1,168.3 Products and services transferred over time 5.4 7.7 — — 13.1 Total revenues $ 776.8 $ 240.2 $ 72.4 $ 92.0 $ 1,181.4 Three Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total Products transferred at a point in time $ 635.2 $ 209.9 $ 70.9 $ 80.5 $ 996.5 Products and services transferred over time 5.0 0.9 — — 5.9 Total revenues $ 640.2 $ 210.8 $ 70.9 $ 80.5 $ 1,002.4 Nine Months Ended September 30, 2018 (in millions) CCM CIT CFT CBF Total Products transferred at a point in time $ 2,188.1 $ 666.0 $ 209.2 $ 286.8 $ 3,350.1 Products and services transferred over time 15.9 36.2 — — 52.1 Total revenues $ 2,204.0 $ 702.2 $ 209.2 $ 286.8 $ 3,402.2 Nine Months Ended September 30, 2017 (in millions) CCM CIT CFT CBF Total Products transferred at a point in time $ 1,702.5 $ 602.9 $ 202.4 $ 233.6 $ 2,741.4 Products and services transferred over time 15.0 3.9 — — 18.9 Total revenues $ 1,717.5 $ 606.8 $ 202.4 $ 233.6 $ 2,760.3

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Compensation Expense	Stock-based compensation cost by award type follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Stock option awards $ 3.2 $ 1.8 $ 7.8 $ 5.3 Restricted stock awards 2.3 1.3 6.4 3.9 Performance share awards 2.2 1.4 6.1 4.0 Restricted stock units — — 1.4 1.4 Total stock-based compensation cost $ 7.7 $ 4.5 $ 21.7 $ 14.6

Exit and Disposal Activities (T

Exit and Disposal Activities (Tables)	9 Months Ended
	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Summary of Exit and Disposal Activities	The Company's exit and disposal costs by activity follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Employee severance and benefit arrangements $ 0.5 $ 9.9 $ 2.2 $ 15.3 Accelerated depreciation 0.4 — 1.5 — Relocation costs 0.3 0.2 0.7 1.1 Other restructuring costs 2.9 1.5 7.4 3.4 Total exit and disposal costs $ 4.1 $ 11.6 $ 11.8 $ 19.8 The Company's exit and disposal activities costs by segment follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Carlisle Brake & Friction $ 3.2 $ 1.0 $ 8.5 $ 3.0 Carlisle Interconnect Technologies 0.6 2.7 2.5 7.5 Carlisle Fluid Technologies 0.3 7.5 0.8 8.5 Corporate — 0.4 — 0.8 Total exit and disposal costs $ 4.1 $ 11.6 $ 11.8 $ 19.8 The Company's exit and disposal activities costs by financial statement line item follows: (in millions) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Cost of goods sold $ 4.0 $ 3.1 $ 10.0 $ 6.9 Selling and administrative expenses — 8.5 1.3 12.8 Other operating (income) expense, net — — 0.4 — Research and development expenses 0.1 — 0.1 0.1 Total exit and disposal costs $ 4.1 $ 11.6 $ 11.8 $ 19.8 The Company's change in exit and disposal activities liability follows: (in millions) CIT CFT CBF Total Balance as of December 31, 2017 $ 4.9 $ 6.7 $ 1.5 $ 13.1 Charges 2.5 0.8 8.5 11.8 Cash payments (5.9) (6.9) (6.7) (19.5) Other adjustments and non-cash settlements (1.2) — (1.5) (2.7) Balance as of September 30, 2018 $ 0.3 $ 0.6 $ 1.8 $ 2.7

Inventories, net (Tables)

Inventories, net (Tables)	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Components of Inventories	The summarized components of inventory follows: (in millions) September 30, 2018 December 31, 2017 Raw materials $ 193.4 $ 177.7 Work-in-process 68.1 62.9 Finished goods 262.8 238.5 Reserves (35.2) (30.3) Inventories, net $ 489.1 $ 448.8

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, net (Tables)	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of changes in the carrying amount of goodwill	The changes in the carrying amount of goodwill, net for the nine months ended September 30, 2018, follows: (in millions) CCM CIT CFT CBF 1 Total Balance as of December 31, 2017 $ 544.3 $ 640.3 $ 171.0 $ 96.5 $ 1,452.1 Goodwill acquired during year 2 2.8 2.7 — — 5.5 Measurement period adjustments 3 (12.2) — — — (12.2) Currency translation and other (1.2) 0.1 (1.0) — (2.1) Balance as of September 30, 2018 $ 533.7 $ 643.1 $ 170.0 $ 96.5 $ 1,443.3 1. CBF goodwill balance as of December 31, 2017, is presented net of accumulated impairment losses of $130.0 million recorded in 2016. No other segments have incurred impairment losses. 2. For the first nine months of 2018, Carlisle acquired three businesses for an aggregate purchase price of $20.1 million. 3. Refer to Note 4 for further information on goodwill adjustments resulting from recent acquisitions.
Summary of other intangible assets, net	A summary of the Company's other intangible assets, net follows: September 30, 2018 December 31, 2017 (in millions) Acquired Cost Accumulated Amortization Net Book Value Acquired Cost Accumulated Amortization Net Book Value Assets subject to amortization: Customer relationships $ 845.1 $ (273.1) $ 572.0 $ 844.8 $ (230.8) $ 614.0 Technology and intellectual property 269.8 (120.7) 149.1 272.0 (95.6) 176.4 Trade names and other 41.6 (13.5) 28.1 40.1 (9.6) 30.5 Assets not subject to amortization: Trade names 244.3 — 244.3 244.1 — 244.1 Other intangible assets, net $ 1,400.8 $ (407.3) $ 993.5 $ 1,401.0 $ (336.0) $ 1,065.0
Summary of the net book values of other intangible assets, net by reportable segment	The net book values of other intangible assets, net by reportable segment follows: (in millions) September 30, 2018 December 31, 2017 Carlisle Construction Materials $ 296.4 $ 325.1 Carlisle Interconnect Technologies 322.5 344.5 Carlisle Fluid Technologies 286.1 302.5 Carlisle Brake & Friction 88.2 92.9 Corporate 0.3 — Total $ 993.5 $ 1,065.0

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt	A summary of the Company's long-term debt follows: (in millions) Fair Value 1 September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 3.75% Notes due 2027 $ 600.0 $ 600.0 $ 570.3 $ 607.1 3.5% Notes due 2024 400.0 400.0 384.3 403.7 3.75% Notes due 2022 350.0 350.0 347.4 358.9 5.125% Notes due 2020 250.0 250.0 256.9 264.8 Unamortized discount, debt issuance costs, and other (12.6) (13.8) Total long term-debt $ 1,587.4 $ 1,586.2 1. The fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities. Based on these inputs, the debt instruments are classified as Level 2 in the fair value hierarchy.

Defined Benefit Plan (Tables)

Defined Benefit Plan (Tables)	9 Months Ended
	Sep. 30, 2018
Retirement Benefits [Abstract]
Components of net periodic benefit cost	The components of net periodic benefit cost follows: Three Months Ended Nine Months Ended (in millions) 2018 2017 2018 2017 Service cost $ 0.8 $ 0.7 $ 2.4 $ 2.0 Interest cost 1.3 1.3 4.1 3.9 Expected return on plan assets (2.5) (2.5) (7.7) (7.6) Amortization of unrecognized loss 1 1.1 0.6 3.4 1.9 Net periodic benefit cost $ 0.7 $ 0.1 $ 2.2 $ 0.2 1. Includes amortization of unrecognized actuarial (gain) loss and prior service credits and excludes provision for income tax of $(0.6) million $(0.9) million for the three and nine months ended September 30, 2018, and $(0.3) million and $(0.8) million for the three and nine months ended September 30, 2017, respectively.

Standard Product Warranties (Ta

Standard Product Warranties (Tables)	9 Months Ended
	Sep. 30, 2018
Standard Product Warranty Disclosure [Abstract]
Change in Standard Product Warranty Liabilities	The change in standard product warranty liabilities for the nine months ended September 30, follows: (in millions) 2018 2017 Balance as of January 1 $ 30.4 $ 29.1 Current year provision 16.6 12.5 Current year claims (12.1) (11.8) Currency translation (0.2) 0.9 Balance as of September 30 $ 34.7 $ 30.7

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Designated and Non-designated Cash Flow Hedges	A summary of the Company's designated and non-designated cash flow hedges follows: September 30, 2018 December 31, 2017 (in millions) Fair Value 1 Notional Value Fair Value 1 Notional Value Designated hedges $ — $ 6.2 $ (0.2) $ 22.3 Non-designated hedges (0.1) 38.4 0.2 38.6 1. The fair value of foreign currency forward contracts is included in other current assets. The fair value was estimated using observable market inputs such as forward and spot prices of the underlying exchange rate pair. Based on these inputs, derivative assets and liabilities are classified as Level 2 in the fair value hierarchy.
Change in Accumulated Other Comprehensive Income Related to Cash Flow Hedges	The change in accumulated other comprehensive income (loss) related to cash flow hedges for the three and nine months ended September 30, follows: (in millions) 2018 2017 Balance as of July 1 $ (3.5) $ 0.2 Other comprehensive loss before reclassifications (0.1) (0.2) Amounts reclassified from accumulated other comprehensive loss 0.1 — Other comprehensive income (loss) — (0.2) Balance as of September 30 $ (3.5) $ — (in millions) 2018 2017 Balance as of January 1 $ (4.0) $ 0.9 Other comprehensive income (loss) before reclassifications 0.2 (0.4) Amounts reclassified from accumulated other comprehensive loss 0.3 (0.5) Other comprehensive income (loss) 0.5 (0.9) Balance as of September 30 $ (3.5) $ —

New Accounting Pronouncements_2

New Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Jan. 01, 2019
Retained Earnings | Accounting Standards Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassifications due to adoption of accounting standard		$ 6.5
Other Nonoperating Income (Expense) | Accounting Standards Update 2017-07
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassifications due to adoption of accounting standard	$ (0.6)	$ (1.8)
Forecast | Accounting Standards Update 2018-11
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use assets			$ 50
Lease liabilities			$ 60

New Accounting Pronouncements -

New Accounting Pronouncements - Effects of Adopting ASC 606 (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Condensed Consolidated Statement of Income
Revenues	$ 1,181.4	$ 1,002.4	$ 3,402.2	$ 2,760.3
Cost of goods sold	867.1		2,506.3
Operating income	140	134.8	394.4	370.6
Provision for income taxes	25	44.5	76.9	115.9
Income from continuing operations	96.9	79.1	269.5	231.7
Net income	99.7	$ 86.3	523	$ 250.4
Condensed Consolidated Balance Sheet
Receivables	850.5		850.5		$ 625.7
Inventories, net	489.1		489.1		448.8
Other current assets	56.9		56.9		73.6
Accrued expenses	280.3		280.3		257.8
Other long-term liabilities	269		269		288.7
Retained earnings	3,287.1		3,287.1		$ 2,820.8
Accounting Standards Update 2014-09
Condensed Consolidated Balance Sheet
Receivables	850.5		850.5
Inventories, net	489.1		489.1
Other current assets	56.9		56.9
Accrued expenses	280.3		280.3
Other long-term liabilities	269		269
Retained earnings	3,287.1		3,287.1
Balances Without Adoption of ASC 606
Condensed Consolidated Statement of Income
Revenues	1,175.1		3,375.9
Cost of goods sold	862.3		2,487.6
Operating income	138.5		386.8
Provision for income taxes	24.7		75.1
Income from continuing operations	95.7		263.7
Net income	98.5		517.2
Condensed Consolidated Balance Sheet
Receivables	802		802
Inventories, net	522.5		522.5
Other current assets	56		56
Accrued expenses	278.5		278.5
Other long-term liabilities	267		267
Retained earnings	3,280.6		3,280.6
Effect of Change Higher/(Lower) | Accounting Standards Update 2014-09
Condensed Consolidated Statement of Income
Revenues	6.3		26.3
Cost of goods sold	4.8		18.7
Operating income	1.5		7.6
Provision for income taxes	0.3		1.8
Income from continuing operations	1.2		5.8
Net income	1.2		5.8
Condensed Consolidated Balance Sheet
Receivables	48.5		48.5
Inventories, net	(33.4)		(33.4)
Other current assets	0.9		0.9
Accrued expenses	1.8		1.8
Other long-term liabilities	2		2
Retained earnings	$ 6.5		$ 6.5

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)segment	Sep. 30, 2017USD ($)
Net Sales, EBIT, Assets continuing operations by reportable segment
Number of reportable segments | segment			4
Revenues	$ 1,181.4	$ 1,002.4	$ 3,402.2	$ 2,760.3
Operating Income (Loss)	140	134.8	394.4	370.6
Corporate
Net Sales, EBIT, Assets continuing operations by reportable segment
Operating Income (Loss)	(20.7)	(16.9)	(59.1)	(47.4)
Carlisle Construction Materials
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	776.8	640.2	2,204	1,717.5
Operating Income (Loss)	120.9	124.4	338.1	334.2
Carlisle Interconnect Technologies
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	240.2	210.8	702.2	606.8
Operating Income (Loss)	29.3	25.9	84	67.6
Carlisle Fluid Technologies
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	72.4	70.9	209.2	202.4
Operating Income (Loss)	11.6	0.1	25.1	12.4
Carlisle Brake & Friction
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	92	80.5	286.8	233.6
Operating Income (Loss)	(1.1)	1.3	6.3	3.8
Segment total
Net Sales, EBIT, Assets continuing operations by reportable segment
Revenues	1,181.4	1,002.4	3,402.2	2,760.3
Operating Income (Loss)	$ 160.7	$ 151.7	$ 453.5	$ 418

Acquisitions (Details)

Acquisitions (Details) £ in Millions, $ in Millions	Nov. 01, 2017USD ($)	Jul. 03, 2017USD ($)	Jan. 31, 2017GBP (£)	Jan. 31, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Jan. 31, 2017USD ($)
Acquisitions
Total consideration							$ 20.1
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill					$ 1,443.3		1,443.3		$ 1,452.1
Aggregate cash purchase price, net of cash acquired							19.5	$ 280
Accella Performance Materials
Acquisitions
Percentage of ownership interest acquired	100.00%
Total consideration	$ 671.4
Contribution to net sales since acquisition					112.3		340.7
Contribution to EBIT since acquisition					(1.3)		(1.2)
Unaudited pro forma revenue						$ 1,117.6		3,070.6
Unaudited pro forma income from continuing operations						72		212.9
Additional depreciation and amortization related to fair value adjustments						$ 1.7		$ 8.5
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables					66.8		66.8
Inventories, net					47.5		47.5
Definite-lived intangible assets					239		239
Other long-term assets					15.6		15.6
Accounts payable					45.5		45.5
Deferred income taxes					81.3		81.3
Goodwill					376.4		376.4
Gross contractual accounts receivable acquired	68.5
Receivables not expected to be collected	1.7
Goodwill deductible for tax purposes	19.7
Indemnification asset	25
Resolution of certain pre-acquisition income tax uncertainties					(4.5)
Accella Performance Materials | Acquired Technology
Recognized amounts of identifiable assets acquired and liabilities assumed:
Finite-lived intangible assets acquired	$ 66
Accella Performance Materials | Acquired Technology | Minimum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	3 years
Accella Performance Materials | Acquired Technology | Maximum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	14 years
Accella Performance Materials | Customer relationships
Recognized amounts of identifiable assets acquired and liabilities assumed:
Finite-lived intangible assets acquired	$ 145
Accella Performance Materials | Customer relationships | Minimum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	9 years
Accella Performance Materials | Customer relationships | Maximum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	11 years
Accella Performance Materials | Trade names
Recognized amounts of identifiable assets acquired and liabilities assumed:
Finite-lived intangible assets acquired	$ 28
Accella Performance Materials | Trade names | Minimum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	4 years
Accella Performance Materials | Trade names | Maximum
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets	14 years
Drexel Metals, Inc.
Acquisitions
Percentage of ownership interest acquired		100.00%
Contribution to net sales since acquisition					21.3		52.3
Contribution to EBIT since acquisition					1.3		3.6
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables		$ 5.3
Inventories, net		8.8
Definite-lived intangible assets		19
Accounts payable		5.8
Deferred income taxes		10.8
Goodwill		26.9
Goodwill deductible for tax purposes		$ 0
Useful life of finite lived intangible assets		9 years
Aggregate cash purchase price, net of cash acquired		$ 55.8
Indefinite-lived intangible assets		$ 10.4
Arbo
Acquisitions
Percentage of ownership interest acquired			100.00%							100.00%
Contribution to net sales since acquisition					5.2		14.6
Contribution to EBIT since acquisition					$ 0.5		$ 1
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables										$ 1.5
Inventories, net										2.1
Definite-lived intangible assets										2.2
Accounts payable										1.4
Deferred income taxes										1.4
Goodwill										4.7
Goodwill deductible for tax purposes										1.3
Aggregate cash purchase price, net of cash acquired			£ 9.1	$ 11.5
Indefinite-lived intangible assets										1.6
Contingent consideration			£ 2							$ 2.5
Arbo | Customer relationships
Recognized amounts of identifiable assets acquired and liabilities assumed:
Useful life of finite lived intangible assets			15 years	15 years

Acquisitions - Assets Acquired

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Nov. 01, 2017	Sep. 30, 2018	Dec. 31, 2017
Acquisitions
Goodwill		$ 1,443.3	$ 1,452.1
Accella Performance Materials
Acquisitions
Total cash consideration transferred		671.4
Cash and cash equivalents		16.5
Receivables		66.8
Inventories, net		47.5
Prepaid expenses and other current assets		0.9
Property, plant and equipment		62.8
Definite-lived intangible assets		239
Other long-term assets		15.6
Accounts payable		(45.5)
Income tax payable		2
Accrued expenses		(13.7)
Other long-term liabilities		(15.6)
Deferred income taxes		(81.3)
Total identifiable net assets		295
Goodwill		376.4
Balances Without Adoption of ASC 606 | Accella Performance Materials
Acquisitions
Total cash consideration transferred	$ 670.7
Cash and cash equivalents	16.5
Receivables	66.8
Inventories, net	48.5
Prepaid expenses and other current assets	0.9
Property, plant and equipment	59.6
Definite-lived intangible assets	240
Other long-term assets	15.6
Accounts payable	(45.5)
Income tax payable	2
Accrued expenses	(23.2)
Other long-term liabilities	(15.6)
Deferred income taxes	(83.5)
Total identifiable net assets	282.1
Goodwill	$ 388.6
Adjustment | Accella Performance Materials
Acquisitions
Total cash consideration transferred		0.7
Cash and cash equivalents		0
Receivables		0
Inventories, net		(1)
Prepaid expenses and other current assets		0
Property, plant and equipment		3.2
Definite-lived intangible assets		(1)
Other long-term assets		0
Accounts payable		0
Income tax payable		0
Accrued expenses		9.5
Other long-term liabilities		0
Deferred income taxes		2.2
Total identifiable net assets		12.9
Goodwill		$ (12.2)

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Millions	Mar. 20, 2018	Sep. 30, 2018	Sep. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of discontinued operation		$ 758	$ 0
Carlisle Food Service Products
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of discontinued operation	$ 758

Discontinued Operations - Resul

Discontinued Operations - Results from Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Benefit) provision for income taxes	$ (0.2)	$ 4.2	$ 46.8	$ 11
Income from discontinued operations	2.8	7.2	253.5	18.7
Carlisle Food Service Products
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	86.4	69.5	257
Cost of goods sold	0	59.5	49.5	181.2
Other operating expenses, net	0.7	15.4	16.5	45.9
Operating (loss) income	(0.7)	11.5	3.5	29.9
Other non-operating (income) expense, net	0	0.1	0	0.2
(Loss) income from discontinued operations before income taxes	(0.7)	11.4	3.5	29.7
Gain on sale of discontinued operations	3.3	0	296.8	0
(Benefit) provision for income taxes	(0.2)	4.2	46.8	11
Income from discontinued operations	$ 2.8	$ 7.2	$ 253.5	$ 18.7

Discontinued Operations - Asset

Discontinued Operations - Assets and Liabilities of Discontinued Operations (Details) - USD ($) $ in Millions	Sep. 30, 2018	Mar. 20, 2018	Dec. 31, 2017
ASSETS
Total current assets	$ 0		$ 96.5
Total long-term assets	0		372.1
LIABILITIES
Total current liabilities	0		40.9
Total long-term liabilities	$ 0		50
Carlisle Food Service Products
ASSETS
Cash and cash equivalents			1.3
Receivables, net			32
Inventories, net			59
Prepaid other current assets			4.2
Total current assets			96.5
Property, plant, and equipment, net			49.7
Goodwill, net		$ 149.7	149.7
Other intangible assets, net		$ 169.4	169.4
Other long-term assets			3.3
Total long-term assets			372.1
LIABILITIES
Accounts payable			20.4
Accrued expenses			20.5
Total current liabilities			40.9
Other long-term liabilities			50
Total long-term liabilities			$ 50

Discontinued Operations - Summa

Discontinued Operations - Summary of Cash Flows from Discontinued Operations (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Change in cash and cash equivalents from discontinued operations	$ (1.3)	$ (1.6)
Carlisle Food Service Products
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash (used in) provided by operating activities	(2)	46.7
Net cash used in investing activities	(8.1)	(221.2)
Net cash provided by financing activities (1)	11.4	176.1
Change in cash and cash equivalents from discontinued operations	$ 1.3	$ 1.6

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Numerator:
Net income	$ 96.9	$ 79.1	$ 269.5	$ 231.7
Less: dividends declared on common stock outstanding, restricted shares and restricted share units	(24.1)	(23.2)	(69.7)	(69)
Undistributed earnings	$ 72.8	$ 55.9	$ 199.8	$ 162.7
Percent allocated to common shareholders	99.30%	99.30%	99.30%	99.40%
Undistributed earnings available to common shareholders	$ 72.3	$ 55.5	$ 198.4	$ 161.6
Add: dividends declared on common stock	23.8	23.2	69	68.1
Income from continuing operations attributable to common shares	$ 96.1	$ 78.7	$ 267.4	$ 229.7
Denominator (in thousands):
Denominator for basic EPS: weighted-average common shares outstanding	59,826	62,432	60,712	63,503
Effect of dilutive securities:
Performance awards (in shares)	118	82	118	82
Stock options (in shares)	385	283	346	331
Denominator for diluted EPS: adjusted weighted-average common shares outstanding and assumed conversion	60,329	62,797	61,176	63,916
Per share income from continuing operations attributable to common shares:
Basic (in dollars per share)	$ 1.61	$ 1.27	$ 4.40	$ 3.62
Diluted (in dollars per share)	$ 1.59	$ 1.26	$ 4.37	$ 3.60
Basic weighted-average common shares outstanding	59,826	62,432	60,712	63,503
Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units	60,227	62,846	61,113	63,918
Income (loss) from discontinued operations and net income
Income from discontinued operations attributable to common shareholders for basic and diluted earnings per share	$ 2.8	$ 7.2	$ 251.9	$ 18.6
Net income attributable to common shareholders for basic and diluted earnings per share	$ 98.9	$ 85.9	$ 519.3	$ 248.4
Antidilutive stock options excluded from EPS calculation (in shares)	327	377	604	328

Revenue Recognition (Details)

Revenue Recognition (Details)	9 Months Ended
	Sep. 30, 2018
Minimum
Product Warranty Liability [Line Items]
Extended warranty estimated life	5 years
Maximum
Product Warranty Liability [Line Items]
Extended warranty estimated life	40 years
Weighted Average
Product Warranty Liability [Line Items]
Extended warranty estimated life	19 years

Revenue Recognition - Timing of

Revenue Recognition - Timing of Revenue Recognition and Reconciliation of Disaggregate Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 1,181.4	$ 1,002.4	$ 3,402.2	$ 2,760.3
United States
Disaggregation of Revenue [Line Items]
Revenues	929.1	776.2	2,648.5	2,107.8
Total international
Disaggregation of Revenue [Line Items]
Revenues	252.3	226.2	753.7	652.5
Europe
Disaggregation of Revenue [Line Items]
Revenues	111.3	101.7	335.9	302
Asia
Disaggregation of Revenue [Line Items]
Revenues	71.5	66.6	212.7	191.1
Canada
Disaggregation of Revenue [Line Items]
Revenues	31.8	24.1	86.9	57.1
Mexico and Latin America
Disaggregation of Revenue [Line Items]
Revenues	18.7	19.2	55.5	53.2
Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	11	8.5	36.1	31.5
Other
Disaggregation of Revenue [Line Items]
Revenues	8	6.1	26.6	17.6
General Construction
Disaggregation of Revenue [Line Items]
Revenues	716	640.2	2,030.4	1,717.5
Aerospace
Disaggregation of Revenue [Line Items]
Revenues	166.1	142.2	481.5	409.2
Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	104.2	63	320.5	179.8
Transportation
Disaggregation of Revenue [Line Items]
Revenues	46.3	49.8	140.7	141.6
Medical
Disaggregation of Revenue [Line Items]
Revenues	39.1	35.4	108.4	95.8
General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	109.7	71.8	320.7	216.4
Products Transferred at a Point in Time
Disaggregation of Revenue [Line Items]
Revenues	1,168.3	996.5	3,350.1	2,741.4
Products and Services Transferred over Time
Disaggregation of Revenue [Line Items]
Revenues	13.1	5.9	52.1	18.9
Carlisle Construction Materials
Disaggregation of Revenue [Line Items]
Revenues	776.8	640.2	2,204	1,717.5
Carlisle Construction Materials | United States
Disaggregation of Revenue [Line Items]
Revenues	687.2	572.1	1,949.8	1,531.4
Carlisle Construction Materials | Total international
Disaggregation of Revenue [Line Items]
Revenues	89.6	68.1	254.2	186.1
Carlisle Construction Materials | Europe
Disaggregation of Revenue [Line Items]
Revenues	52.2	40.1	144	119.6
Carlisle Construction Materials | Asia
Disaggregation of Revenue [Line Items]
Revenues	3.8	4.5	12.6	8.9
Carlisle Construction Materials | Canada
Disaggregation of Revenue [Line Items]
Revenues	27.7	20.6	75.6	45.4
Carlisle Construction Materials | Mexico and Latin America
Disaggregation of Revenue [Line Items]
Revenues	1	0.3	3.3	1.2
Carlisle Construction Materials | Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	3.3	1.9	12.2	8.8
Carlisle Construction Materials | Other
Disaggregation of Revenue [Line Items]
Revenues	1.6	0.7	6.5	2.2
Carlisle Construction Materials | General Construction
Disaggregation of Revenue [Line Items]
Revenues	716	640.2	2,030.4	1,717.5
Carlisle Construction Materials | Aerospace
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Construction Materials | Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	29.8	0	87.6	0
Carlisle Construction Materials | Transportation
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Construction Materials | Medical
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Construction Materials | General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	31	0	86	0
Carlisle Construction Materials | Products Transferred at a Point in Time
Disaggregation of Revenue [Line Items]
Revenues	771.4	635.2	2,188.1	1,702.5
Carlisle Construction Materials | Products and Services Transferred over Time
Disaggregation of Revenue [Line Items]
Revenues	5.4	5	15.9	15
Carlisle Interconnect Technologies
Disaggregation of Revenue [Line Items]
Revenues	240.2	210.8	702.2	606.8
Carlisle Interconnect Technologies | United States
Disaggregation of Revenue [Line Items]
Revenues	171.6	142.4	491.9	397.1
Carlisle Interconnect Technologies | Total international
Disaggregation of Revenue [Line Items]
Revenues	68.6	68.4	210.3	209.7
Carlisle Interconnect Technologies | Europe
Disaggregation of Revenue [Line Items]
Revenues	20.5	24.6	65.8	73
Carlisle Interconnect Technologies | Asia
Disaggregation of Revenue [Line Items]
Revenues	24.8	23.6	73.3	74.1
Carlisle Interconnect Technologies | Canada
Disaggregation of Revenue [Line Items]
Revenues	1.4	1.3	3.9	3.6
Carlisle Interconnect Technologies | Mexico and Latin America
Disaggregation of Revenue [Line Items]
Revenues	12.1	11.6	36.5	35.2
Carlisle Interconnect Technologies | Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	6.8	5.8	21.1	19.1
Carlisle Interconnect Technologies | Other
Disaggregation of Revenue [Line Items]
Revenues	3	1.5	9.7	4.7
Carlisle Interconnect Technologies | General Construction
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Interconnect Technologies | Aerospace
Disaggregation of Revenue [Line Items]
Revenues	160.3	137.8	465.9	395.7
Carlisle Interconnect Technologies | Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Interconnect Technologies | Transportation
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Interconnect Technologies | Medical
Disaggregation of Revenue [Line Items]
Revenues	39.1	35.4	108.4	95.8
Carlisle Interconnect Technologies | General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	40.8	37.6	127.9	115.3
Carlisle Interconnect Technologies | Products Transferred at a Point in Time
Disaggregation of Revenue [Line Items]
Revenues	232.5	209.9	666	602.9
Carlisle Interconnect Technologies | Products and Services Transferred over Time
Disaggregation of Revenue [Line Items]
Revenues	7.7	0.9	36.2	3.9
Carlisle Fluid Technologies
Disaggregation of Revenue [Line Items]
Revenues	72.4	70.9	209.2	202.4
Carlisle Fluid Technologies | United States
Disaggregation of Revenue [Line Items]
Revenues	29.2	27.4	85.5	81.6
Carlisle Fluid Technologies | Total international
Disaggregation of Revenue [Line Items]
Revenues	43.2	43.5	123.7	120.8
Carlisle Fluid Technologies | Europe
Disaggregation of Revenue [Line Items]
Revenues	14.2	14.3	42.5	41
Carlisle Fluid Technologies | Asia
Disaggregation of Revenue [Line Items]
Revenues	24	22.2	68.4	62.5
Carlisle Fluid Technologies | Canada
Disaggregation of Revenue [Line Items]
Revenues	1.9	1.4	5.2	5
Carlisle Fluid Technologies | Mexico and Latin America
Disaggregation of Revenue [Line Items]
Revenues	2.3	3.8	4.9	7.4
Carlisle Fluid Technologies | Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	0.4	0.5	1.8	1.5
Carlisle Fluid Technologies | Other
Disaggregation of Revenue [Line Items]
Revenues	0.4	1.3	0.9	3.4
Carlisle Fluid Technologies | General Construction
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Fluid Technologies | Aerospace
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Fluid Technologies | Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Fluid Technologies | Transportation
Disaggregation of Revenue [Line Items]
Revenues	36.6	39.1	109.7	110.8
Carlisle Fluid Technologies | Medical
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Fluid Technologies | General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	35.8	31.8	99.5	91.6
Carlisle Fluid Technologies | Products Transferred at a Point in Time
Disaggregation of Revenue [Line Items]
Revenues	72.4	70.9	209.2	202.4
Carlisle Fluid Technologies | Products and Services Transferred over Time
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Brake & Friction
Disaggregation of Revenue [Line Items]
Revenues	92	80.5	286.8	233.6
Carlisle Brake & Friction | United States
Disaggregation of Revenue [Line Items]
Revenues	41.1	34.3	121.3	97.7
Carlisle Brake & Friction | Total international
Disaggregation of Revenue [Line Items]
Revenues	50.9	46.2	165.5	135.9
Carlisle Brake & Friction | Europe
Disaggregation of Revenue [Line Items]
Revenues	24.4	22.7	83.6	68.4
Carlisle Brake & Friction | Asia
Disaggregation of Revenue [Line Items]
Revenues	18.9	16.3	58.4	45.6
Carlisle Brake & Friction | Canada
Disaggregation of Revenue [Line Items]
Revenues	0.8	0.8	2.2	3.1
Carlisle Brake & Friction | Mexico and Latin America
Disaggregation of Revenue [Line Items]
Revenues	3.3	3.5	10.8	9.4
Carlisle Brake & Friction | Middle East and Africa
Disaggregation of Revenue [Line Items]
Revenues	0.5	0.3	1	2.1
Carlisle Brake & Friction | Other
Disaggregation of Revenue [Line Items]
Revenues	3	2.6	9.5	7.3
Carlisle Brake & Friction | General Construction
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Brake & Friction | Aerospace
Disaggregation of Revenue [Line Items]
Revenues	5.8	4.4	15.6	13.5
Carlisle Brake & Friction | Heavy Equipment
Disaggregation of Revenue [Line Items]
Revenues	74.4	63	232.9	179.8
Carlisle Brake & Friction | Transportation
Disaggregation of Revenue [Line Items]
Revenues	9.7	10.7	31	30.8
Carlisle Brake & Friction | Medical
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Carlisle Brake & Friction | General Industrial and Other
Disaggregation of Revenue [Line Items]
Revenues	2.1	2.4	7.3	9.5
Carlisle Brake & Friction | Products Transferred at a Point in Time
Disaggregation of Revenue [Line Items]
Revenues	92	80.5	286.8	233.6
Carlisle Brake & Friction | Products and Services Transferred over Time
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) - Extended service warranties $ in Millions	Sep. 30, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total revenues	$ 5.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total revenues	20.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total revenues	19.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total revenues	18.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total revenues	17
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total revenues	15.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total revenues	$ 122.7

Revenue Recognition - Change in

Revenue Recognition - Change in Contract Liabilities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Revenue from Contract with Customer [Abstract]
Balance as of January 1	$ 215.8	$ 195.2
Revenue recognized	(53.7)	(53.6)
Revenue deferred	64.9	69.6
Acquired liabilities	0.3	0.5
Balance as of September 30	$ 227.3	$ 211.7

Revenue Recognition - Change _2

Revenue Recognition - Change in Contract Assets (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Revenue from Contract with Customer [Abstract]
Balance, beginning	$ 0
Adoption of ASC 606	22.8
Revenue recognized and unbilled	118.6
Revenue billed	(92.3)
Balance, ending	$ 49.1

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	$ 7.7	$ 4.5	$ 21.7	$ 14.6
Stock compensation cost capitalized as inventory			0.5
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	3.2	1.8	7.8	5.3
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	2.3	1.3	6.4	3.9
Performance share awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	2.2	1.4	6.1	4
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	0	0	1.4	1.4
Retirement of certain executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated stock compensation expense	1.7	$ 0	4.3	$ 0.3
Non-U.S. Employees | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	$ 1.1		$ 1.1

Exit and Disposal Activities (D

Exit and Disposal Activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	$ 4.1	$ 11.6	$ 11.8	$ 19.8
Carlisle Interconnect Technologies
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0.6	2.7	2.5	7.5
Carlisle Fluid Technologies
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0.3	7.5	0.8	8.5
Carlisle Brake & Friction
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	3.2	1	8.5	3
Exit and disposal costs, expected to be incurred	7		7
Corporate
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0	$ 0.4	0	$ 0.8
Medical Business | Carlisle Interconnect Technologies | Employee Termination Benefits
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs	0.1		1.3
Exit and disposal costs, aggregate expense recognized	15.4		15.4
Exit and disposal costs, expected to be incurred	15.6		15.6
Designated cash					$ 10.1
Restructuring of Global Footprint | Carlisle Fluid Technologies
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs			0.8
Exit and disposal costs, aggregate expense recognized	11.1		11.1
Manufacturing Operations | Carlisle Brake & Friction | Employee Retention and Termination Benefits
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs, expected to be incurred	3		3
Minimum | Manufacturing Operations | Carlisle Brake & Friction
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs, expected to be incurred	18.5		$ 18.5
Restructuring plan period			18 months
Minimum | Manufacturing Operations | Carlisle Brake & Friction | Non-cash Accelerated Depreciation
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs, expected to be incurred	3.5		$ 3.5
Minimum | Manufacturing Operations | Carlisle Brake & Friction | Relocate and Reinstall Equipment
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs, expected to be incurred	5		5
Minimum | Manufacturing Operations | Carlisle Brake & Friction | Other Miscellaneous Costs
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs, expected to be incurred	7		7
Maximum | Manufacturing Operations | Carlisle Brake & Friction
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs, expected to be incurred	21.5		$ 21.5
Restructuring plan period			21 months
Maximum | Manufacturing Operations | Carlisle Brake & Friction | Non-cash Accelerated Depreciation
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs, expected to be incurred	4.5		$ 4.5
Maximum | Manufacturing Operations | Carlisle Brake & Friction | Relocate and Reinstall Equipment
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs, expected to be incurred	6		6
Maximum | Manufacturing Operations | Carlisle Brake & Friction | Other Miscellaneous Costs
Restructuring Cost and Reserve [Line Items]
Exit and disposal costs, expected to be incurred	$ 8		$ 8

Exit and Disposal Activities -

Exit and Disposal Activities - Components of Exit and Disposal Activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Restructuring Cost and Reserve [Line Items]
Employee severance and benefit arrangements	$ 0.5	$ 9.9	$ 2.2	$ 15.3
Accelerated depreciation	0.4	0	1.5	0
Relocation costs	0.3	0.2	0.7	1.1
Other restructuring costs	2.9	1.5	7.4	3.4
Total exit and disposal costs	4.1	11.6	11.8	19.8
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	4	3.1	10	6.9
Selling and administrative expenses
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	0	8.5	1.3	12.8
Other operating (income) expense, net
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	0	0	0.4	0
Research and development expenses
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	0.1	0	0.1	0.1
Carlisle Interconnect Technologies
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	0.6	2.7	2.5	7.5
Carlisle Fluid Technologies
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	0.3	7.5	0.8	8.5
Carlisle Brake & Friction
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	3.2	1	8.5	3
Corporate
Restructuring Cost and Reserve [Line Items]
Total exit and disposal costs	$ 0	$ 0.4	$ 0	$ 0.8

Exit and Disposal Activities _2

Exit and Disposal Activities - Exit and Disposal Activity Liability (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Restructuring Reserve [Roll Forward]
Balance, beginning			$ 13.1
Charges	$ 4.1	$ 11.6	11.8	$ 19.8
Cash payments			(19.5)
Other adjustments and non-cash settlements			(2.7)
Balance, ending	2.7		2.7
Carlisle Interconnect Technologies
Restructuring Reserve [Roll Forward]
Balance, beginning			4.9
Charges	0.6	2.7	2.5	7.5
Cash payments			(5.9)
Other adjustments and non-cash settlements			(1.2)
Balance, ending	0.3		0.3
Carlisle Fluid Technologies
Restructuring Reserve [Roll Forward]
Balance, beginning			6.7
Charges	0.3	7.5	0.8	8.5
Cash payments			(6.9)
Other adjustments and non-cash settlements			0
Balance, ending	0.6		0.6
Carlisle Brake & Friction
Restructuring Reserve [Roll Forward]
Balance, beginning			1.5
Charges	3.2	1	8.5	3
Cash payments			(6.7)
Other adjustments and non-cash settlements			(1.5)
Balance, ending	1.8		1.8
Corporate
Restructuring Reserve [Roll Forward]
Charges	$ 0	$ 0.4	$ 0	$ 0.8

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate on continuing operations (as a percent)		22.20%	33.30%
Anticipated effective tax rate for beginning of year to date (as a percent)		24.60%
Discrete income tax expense (benefit)	$ 1.3	$ (8.4)	$ 0.3
Decrease in unrecognized tax benefits		4.4
Excess tax benefits related to employee stock compensation		$ 4.6

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 193.4	$ 177.7
Work-in-process	68.1	62.9
Finished goods	262.8	238.5
Reserves	(35.2)	(30.3)
Inventories, net	$ 489.1	$ 448.8

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, net - Changes in the Carrying Amount of Goodwill (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Mar. 20, 2018	Dec. 31, 2017	Dec. 31, 2016
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period	$ 1,452.1
Goodwill acquired during the year	5.5
Measurement period adjustments	(12.2)
Currency translation and other	(2.1)
Goodwill, Balance at the end of the period	1,443.3
Aggregate purchase price of acquisitions	20.1
Carlisle Construction Materials
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period	544.3
Goodwill acquired during the year	2.8
Measurement period adjustments	(12.2)
Currency translation and other	(1.2)
Goodwill, Balance at the end of the period	533.7
Carlisle Interconnect Technologies
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period	640.3
Goodwill acquired during the year	2.7
Measurement period adjustments	0
Currency translation and other	0.1
Goodwill, Balance at the end of the period	643.1
Carlisle Fluid Technologies
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period	171
Goodwill acquired during the year	0
Measurement period adjustments	0
Currency translation and other	(1)
Goodwill, Balance at the end of the period	170
Carlisle Brake & Friction
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period	96.5
Goodwill acquired during the year	0
Measurement period adjustments	0
Currency translation and other	0
Goodwill, Balance at the end of the period	$ 96.5
Goodwill, accumulated impairment loss				$ 130
Carlisle Food Service Products
Goodwill
Goodwill reclassified to discontinued operations		$ 149.7	$ 149.7
Other intangible assets, net, allocated to discontinued operations		$ 169.4	$ 169.4

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, net - Other Intangibles and Amortization (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Other intangible assets
Accumulated Amortization	$ (407.3)	$ (336)
Other intangible assets, net
Other intangible assets, Acquired Cost	1,400.8	1,401
Other intangible assets, net	993.5	1,065
Trade names
Assets not subject to amortization:
Trade names	244.3	244.1
Customer relationships
Other intangible assets
Acquired Cost	845.1	844.8
Accumulated Amortization	(273.1)	(230.8)
Net Book Value	572	614
Intellectual property
Other intangible assets
Acquired Cost	269.8	272
Accumulated Amortization	(120.7)	(95.6)
Net Book Value	149.1	176.4
Other
Other intangible assets
Acquired Cost	41.6	40.1
Accumulated Amortization	(13.5)	(9.6)
Net Book Value	$ 28.1	$ 30.5

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, net - Net Carrying Value of Other Intangibles (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	$ 993.5	$ 1,065
Carlisle Construction Materials
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	296.4	325.1
Carlisle Interconnect Technologies
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	322.5	344.5
Carlisle Fluid Technologies
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	286.1	302.5
Carlisle Brake & Friction
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	88.2	92.9
Corporate
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	$ 0.3	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Litigation and Environmental Matters (Details)	Sep. 30, 2018USD ($)
Asbestos-related injury
Loss contingencies
Accounting effect of dismissals or settlements	$ 0

Long-term Debt (Details)

Long-term Debt (Details) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Borrowings
Unamortized discount, debt issuance costs, and other	$ (12,600,000)		$ (13,800,000)
Long-term debt	1,587,400,000		1,586,200,000
Borrowings under the facility	0	$ 491,000,000
Letters of credit outstanding	26,100,000		26,300,000
3.75% senior notes due 2027
Borrowings
Long-term debt, carrying amount	$ 600,000,000		$ 600,000,000
Interest rate (as a percent)	3.75%		3.75%
3.75% senior notes due 2027 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 570,300,000		$ 607,100,000
3.5% senior notes due 2024
Borrowings
Long-term debt, carrying amount	$ 400,000,000		$ 400,000,000
Interest rate (as a percent)	3.50%		3.50%
3.5% senior notes due 2024 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 384,300,000		$ 403,700,000
3.75% senior notes due 2022
Borrowings
Long-term debt, carrying amount	$ 350,000,000		$ 350,000,000
Interest rate (as a percent)	3.75%		3.75%
3.75% senior notes due 2022 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 347,400,000		$ 358,900,000
5.125% senior notes due 2020
Borrowings
Long-term debt, carrying amount	$ 250,000,000		$ 250,000,000
Interest rate (as a percent)	5.125%		5.125%
5.125% senior notes due 2020 | Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes	$ 256,900,000		$ 264,800,000
Revolving credit facility
Borrowings
Borrowings under the facility	0
Revolving credit facility	0		0
Availability under revolving line of credit	1,000,000,000		$ 1,000,000,000
Letter of credit | Credit Agreement
Borrowings
Maximum borrowing capacity	80,000,000
Availability under revolving line of credit	$ 56,100,000

Defined Benefit Plan - Defined

Defined Benefit Plan - Defined Benefit Plan (Details) - Defined Benefit Plans - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Components of net periodic benefit cost
Service cost	$ 0.8	$ 0.7	$ 2.4	$ 2
Interest cost	1.3	1.3	4.1	3.9
Expected return on plan assets	(2.5)	(2.5)	(7.7)	(7.6)
Amortization of unrecognized loss	1.1	0.6	3.4	1.9
Net periodic benefit cost	0.7	0.1	2.2	0.2
Amortization of unrecognized loss, tax	$ 0.6	$ (0.3)	$ (0.9)	$ (0.8)

Standard Product Warranties (De

Standard Product Warranties (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Standard Product Warranty Accrual
Beginning reserve	$ 30.4	$ 29.1
Current year provision	16.6	12.5
Current year claims	(12.1)	(11.8)
Currency translation	(0.2)	0.9
Ending reserve	$ 34.7	$ 30.7

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Cash
Derivative Financial Instruments
Deferred compensation, Rabbi Trust	$ 10.7	$ 13.2
Short-term Investments
Derivative Financial Instruments
Deferred compensation, Rabbi Trust	5.3	4
Designated as Hedging Instrument
Derivative Financial Instruments
Fair value		(0.2)
Foreign Exchange Forward | Designated as Hedging Instrument
Derivative Financial Instruments
Fair value	0
Notional amount	6.2	22.3
Foreign Exchange Forward | Not Designated as Hedging Instrument
Derivative Financial Instruments
Fair value	(0.1)	0.2
Notional amount	$ 38.4	$ 38.6
Maximum | Foreign Exchange Forward | Not Designated as Hedging Instrument
Derivative Financial Instruments
Maturity term	1 year
Maximum | Cash Flow Hedging | Foreign Exchange Forward | Designated as Hedging Instrument
Derivative Financial Instruments
Maturity term	1 year

Financial Instruments - Changes

Financial Instruments - Changes in AOCI Related to Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Change in AOCI [Roll Forward]
Balance, beginning			$ (85.7)
Other comprehensive income (loss)	$ (7.8)	$ 13.6	(18.5)	$ 44.9
Balance, ending	(110.7)		(110.7)
Accumulated Foreign Currency Adjustment
Change in AOCI [Roll Forward]
Balance, beginning	(3.5)	0.2	(4)	0.9
Other comprehensive income (loss) before reclassifications	(0.1)	(0.2)	0.2	(0.4)
Amounts reclassified from accumulated other comprehensive loss	0.1	0	0.3	(0.5)
Other comprehensive income (loss)	0	(0.2)	0.5	(0.9)
Balance, ending	$ (3.5)	$ 0	$ (3.5)	$ 0