Carlisle Companies (CSL) 10-Q27 Oct 162016 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2016	Oct. 20, 2016
Document and Entity Information
Entity Registrant Name	CARLISLE COMPANIES INC
Entity Central Index Key	790,051
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
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		64,504,487
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
Net sales	$ 991	$ 973.1	$ 2,781.9	$ 2,667
Cost of goods sold	667.4	677.6	1,891.7	1,913.1
Selling and administrative expenses	135.6	121.7	391.2	345.4
Research and development expenses	12.3	11.3	35.6	31
Impairment charges	141.5		141.5
Other (income) expens, net	(2.2)	0.7	(4)	1.3
Earnings before interest and income taxes	36.4	161.8	325.9	376.2
Interest expense, net	7.5	8.7	24.1	25.6
Earnings before income taxes from continuing operations	28.9	153.1	301.8	350.6
Income tax expense	38.4	49.5	127.5	112.7
(Loss) income from continuing operations	(9.5)	103.6	174.3	237.9
Discontinued operations:
Loss before income taxes	(0.6)		(0.7)
Income tax benefit	(0.3)		(0.3)
Loss from discontinued operations	(0.3)		(0.4)
Net (loss) income	$ (9.8)	$ 103.6	$ 173.9	$ 237.9
Basic earnings per share attributable to common shares:
(Loss) income from continuing operations	$ (0.15)	$ 1.59	$ 2.69	$ 3.64
Basic (loss) earnings per share	(0.15)	1.59	2.69	3.64
Diluted earnings per share attributable to common shares:
(Loss) income from continuing operations	(0.15)	1.56	2.66	3.58
Diluted (loss) earnings per share	$ (0.15)	$ 1.56	$ 2.66	$ 3.58
Average shares outstanding (in thousands):
Basic (in shares)	64,353	64,970	64,206	64,952
Diluted (in shares)	64,353	65,987	64,879	66,052
Dividends declared and paid	$ 22.8	$ 19.6	$ 61.8	$ 52.7
Dividends declared and paid per share (in dollars per share)	$ 0.35	$ 0.30	$ 0.95	$ 0.80
Comprehensive Income
Net (loss) income	$ (9.8)	$ 103.6	$ 173.9	$ 237.9
Other comprehensive (loss) income:
Change in foreign currency translation	(0.5)	(9.2)	(5.3)	(17.7)
Change in accrued post-retirement benefit liability, net of tax	0.3	0.8	1.1	2.4
Other, net of tax	(0.1)	(0.1)	(0.4)	(0.3)
Other comprehensive loss	(0.3)	(8.5)	(4.6)	(15.6)
Comprehensive (loss) income	$ (10.1)	$ 95.1	$ 169.3	$ 222.3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 355.4	$ 410.7
Receivables, net (allowance of $5.1 and $4.7, respectively)	605	502.5
Inventories	385.8	356
Prepaid expenses and other current assets	53.5	50.3
Total current assets	1,399.7	1,319.5
Property, plant, and equipment, net	623.6	585.8
Other assets:
Goodwill, net	1,046.5	1,134.4
Other intangible assets, net	870.5	887.8
Other long-term assets	23	23.4
Total other assets	1,940	2,045.6
TOTAL ASSETS	3,963.3	3,950.9
Current liabilities:
Short-term debt, including current maturities		149.8
Accounts payable	264.9	212.6
Accrued expenses	234.8	219.4
Deferred revenue	23.9	24
Total current liabilities	523.6	605.8
Long-term liabilities:
Long-term debt	596.2	595.6
Deferred revenue	167.2	159.7
Other long-term liabilities	229.4	242.4
Total long-term liabilities	992.8	997.7
Commitments and contingencies (See Note 11)
Shareholders' equity:
Preferred stock, $1 par value per share (authorized and unissued 5,000,000 shares)
Common stock, $1 par value per share (authorized 200,000,000 shares; issued 78,661,248 shares; outstanding 64,304,476 and 64,051,600 shares, respectively)	78.7	78.7
Additional paid-in capital	326.5	293.4
Deferred compensation equity	10.3	8
Treasury shares, at cost (14,129,777 and 14,383,241 shares, respectively)	(370.8)	(327.4)
Accumulated other comprehensive loss	(91.7)	(87.1)
Retained earnings	2,493.9	2,381.8
Total shareholders' equity	2,446.9	2,347.4
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,963.3	$ 3,950.9

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Condensed Consolidated Balance Sheets
Receivables, allowance (in dollars)	$ 5.1	$ 4.7
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 issued	78,661,248	78,661,248
Common stock, shares outstanding	64,306,206	64,051,600
Treasury, shares	14,129,777	14,383,241

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating activities
Net income	$ 173.9	$ 237.9
Reconciliation of net income to cash flows provided by operating activities:
Depreciation and amortization	102	95.4
Impairment charges	141.5
Non-cash compensation, net of tax benefit	(3.1)	1
Deferred taxes	(20.8)	2.3
Other operating activities, net	(0.8)	1.8
Changes in assets and liabilities, excluding effects of acquisitions and divestitures:
Receivables	(93.5)	(108.3)
Inventories	(20.6)	(6.5)
Prepaid expenses and other assets	1	0.6
Accounts payable	43.3	49.4
Accrued expenses and deferred revenues	32.7	77.4
Other long-term liabilities	(0.5)	1.9
Net cash provided by operating activities	355.1	352.9
Investing activities
Capital expenditures	(77.3)	(48.7)
Acquisitions, net of cash acquired	(103.1)	(598.9)
Other investing activities, net	0.8	0.1
Net cash used in investing activities	(179.6)	(647.5)
Financing activities
Repayments of borrowings	(150)	(1.5)
Dividends paid	(61.8)	(52.7)
Proceeds from issuance of treasury shares and stock options	41.4	35.2
Repurchases of common stock	(61.3)	(57.9)
Other financing activities, net		(1.4)
Net cash used in financing activities	(231.7)	(78.3)
Effect of foreign currency exchange rate changes on cash and cash equivalents	0.9	(3.5)
Change in cash and cash equivalents	(55.3)	(376.4)
Cash and cash equivalents
Beginning of period	410.7	730.8
End of period	$ 355.4	$ 354.4

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) $ in Millions		Common Stock	Additional Paid-In Capital	Deferred Compensation Equity	Accumulated Other Comprehensive Income (loss).	Retained Earnings	Shares in Treasury	Total
Balance at the beginning of the period at Dec. 31, 2014		$ 78.7	$ 247.8	$ 6	$ (61.8)	$ 2,134.4	$ (200.1)	$ 2,205
Balance (in shares) at Dec. 31, 2014		64,691,059					13,723,201
Increase (Decrease) in Shareholders' Equity
Net income						237.9		237.9
Other comprehensive loss, net of tax					(15.6)			(15.6)
Cash dividends - $0.80 and $0.95 for the nine months ended September 30, 2015 and 2016, respectively						(52.7)		(52.7)
Repurchases of common stock							$ (57.9)	(57.9)
Repurchases of common stock (in Shares)							591,062
Issuances for stock based compensation (1)	[1]		37.1	2.4			$ 7.9	47.4
Issuances for stock based compensation (in shares)	[1]	164,397					(735,593)
Balance at the end of the period at Sep. 30, 2015		$ 78.7	284.9	8.4	(77.4)	2,319.6	$ (250.1)	2,364.1
Balance (in shares) at Sep. 30, 2015		64,855,456					13,578,670
Balance at the beginning of the period at Jun. 30, 2015					(68.9)
Increase (Decrease) in Shareholders' Equity
Net income								103.6
Other comprehensive loss, net of tax					(8.5)			(8.5)
Cash dividends - $0.80 and $0.95 for the nine months ended September 30, 2015 and 2016, respectively								(19.6)
Balance at the end of the period at Sep. 30, 2015		$ 78.7	284.9	8.4	(77.4)	2,319.6	$ (250.1)	2,364.1
Balance (in shares) at Sep. 30, 2015		64,855,456					13,578,670
Balance at the beginning of the period at Dec. 31, 2015		$ 78.7	293.4	8	(87.1)	2,381.8	$ (327.4)	$ 2,347.4
Balance (in shares) at Dec. 31, 2015		64,051,600					14,383,241	64,051,600
Increase (Decrease) in Shareholders' Equity
Net income						173.9		$ 173.9
Other comprehensive loss, net of tax					(4.6)			(4.6)
Cash dividends - $0.80 and $0.95 for the nine months ended September 30, 2015 and 2016, respectively						(61.8)		(61.8)
Repurchases of common stock							$ (61.9)	(61.9)
Repurchases of common stock (in Shares)		(656,057)					656,057
Issuances for stock based compensation (1)	[1]		33.1	2.3			$ 18.5	53.9
Issuances for stock based compensation (in shares)	[1]	910,663					(909,521)
Balance at the end of the period at Sep. 30, 2016		$ 78.7	326.5	10.3	(91.7)	2,493.9	$ (370.8)	$ 2,446.9
Balance (in shares) at Sep. 30, 2016		64,306,206					14,129,777	64,306,206
Balance at the beginning of the period at Jun. 30, 2016					(91.4)
Increase (Decrease) in Shareholders' Equity
Net income								$ (9.8)
Other comprehensive loss, net of tax					(0.3)			(0.3)
Cash dividends - $0.80 and $0.95 for the nine months ended September 30, 2015 and 2016, respectively								(22.8)
Balance at the end of the period at Sep. 30, 2016		$ 78.7	$ 326.5	$ 10.3	$ (91.7)	$ 2,493.9	$ (370.8)	$ 2,446.9
Balance (in shares) at Sep. 30, 2016		64,306,206					14,129,777	64,306,206

[1]	Issuances for stock based compensation includes shares issued from treasury to cover stock option exercises, restricted and performance share releases, net of shares repurchased to cover employee taxes

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Condensed Consolidated Statements of Shareholders' Equity (Unaudited)
Cash dividends (in dollars per share)	$ 0.35	$ 0.30	$ 0.95	$ 0.80

Basis of Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2016
Basis of Presentation
Basis of Presentation	Notes to the Condensed Consolidated Financial Statements Note 1—Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by Carlisle Companies Incorporated (the "Company", “We”, “Our” 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 (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, 2015. 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, net sales, and expenses of all majority-owned subsidiaries. Carlisle accounts for investments in minority-owned companies where it exercises significant influence, but does not have control, on the equity basis. Intercompany transactions and balances are eliminated in consolidation. In our opinion, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to present fairly the financial position, results of operations and cash flows for the periods presented.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
New Accounting Pronouncements	Sep. 30, 2016
New Accounting Pronouncements
New Accounting Pronouncements	Note 2—New Accounting Pronouncements New Accounting Standards Adopted In November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 requires entities to present deferred tax assets and liabilities as noncurrent in a classified balance sheet instead of separating into current and noncurrent amounts. ASU 2015-17 is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods, on a prospective or retrospective basis. Early adoption is permitted, and as such, we early adopted as of December 31, 2015 on a prospective basis and periods prior to December 31, 2015 were not restated. As this standard relates to balance sheet presentation only, the adoption of ASU 2015-17 did not have a material impact on the Company’s consolidated results of operations, financial position, or cash flows. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, this guidance was clarified in ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (“ASU 2015-15”). ASU 2015-15 states that presentation of costs associated with securing a revolving line of credit as an asset is permitted, regardless of whether a balance is outstanding. As a result of adopting ASU 2015-03 on January 1, 2016, $3.1 million of debt issuance costs was reclassified from other long-term assets to long-term debt at December 31, 2015. Unamortized costs related to securing our revolving line of credit will continue to be presented in other long-term assets in accordance with ASU 2015-15. As this standard relates to balance sheet presentation only, the adoption of ASU 2015-03 had no further impact on the Company’s results of operations, financial position, or cash flows. In April 2015, the FASB issued ASU 2015-05, Customer's Accounting For Fees Paid In A Cloud Computing Arrangement (“ASU 2015-05”), which provides guidance for a customer's accounting for cloud computing costs. ASU 2015-05 is effective for annual reporting periods, including interim reporting periods within those periods, beginning after December 15, 2015. The adoption of ASU 2015-05 had no impact on the Company’s results of operations, financial position, or cash flows. In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory (“ASU 2015-11”), which applies to inventory valued at first-in, first-out (FIFO) or average cost. ASU 2015-11 requires inventory to be measured at the lower of cost and net realizable value, rather than at the lower of cost or market. ASU 2015-11 is effective on a prospective basis for annual periods, including interim reporting periods within those periods, beginning after December 15, 2016. The Company early adopted this standard on January 1, 2016. The adoption of ASU 2015-11 had no impact on the Company’s results of operations, financial position, or cash flows. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments (“ASU 2015-16”). ASU 2015-16 eliminates the requirement to restate prior period financial statements for measurement period adjustments. The new guidance requires that the cumulative impact of a measurement period adjustment (including the impact on prior periods) be recognized in the reporting period in which the adjustment is identified. In addition, separate presentation on the face of the income statement or disclosure in the notes is required regarding the portion of the adjustment recorded in the current period earnings, by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is to be applied prospectively for measurement period adjustments that occur after the effective date. ASU 2015-16 is effective for annual reporting periods, including interim reporting periods within those periods, beginning in 2016. The adoption of ASU 2015-16 had no impact on the Company’s results of operations, financial position, or cash flows. New Accounting Standards Issued But Not Yet Adopted In May 2014, the 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 or services. The guidance also provides a model for the measurement and recognition of gains and losses on the sale of certain nonfinancial assets, such as property and equipment, including real estate. ASU 2014-09 also requires entities to disclose both quantitative and qualitative information to enable users of the financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for annual reporting periods, including interim reporting periods within those periods, beginning after December 15, 2017. The new standard must be adopted using either a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. We have not yet selected a transition method. Given the diversity of our business segments, we are continuing to assess the potential impact of adopting the standard on our financial statements. 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 at 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. ASU 2016-02 is effective for annual reporting periods, including interim periods within those periods, beginning after December 15, 2018, and requires the use of a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period presented in the financial statements. Early application of the ASU is permitted. We have not yet determined the impact of adopting the standard on our financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). The ASU simplifies several aspects of the accounting for stock compensation. · On a prospective basis, all income tax effects of awards should be recognized in the statement of operations as tax expense or benefit at the time that the awards vest or are settled, rather than recording excess tax benefit and certain deficiencies in additional paid in capital, and eliminates the requirement that excess tax benefits be realized through a reduction in income taxes payable before they can be recognized. · Awards may be classified as equity when an employer withholds the maximum amount of taxes on behalf of the employee. This aspect is to be adopted using a modified retrospective transition method, with a cumulative effect adjustment to retained earnings. The cash paid to a tax authority when shares are withheld to satisfy the tax withholding obligation should be classified as a financing activity on the statement of cash flows on a retrospective basis. · Companies are required to elect the method of accounting for forfeitures of share-based payments, either by recognizing such forfeitures as they occur or estimating the number of awards expected to be forfeited and adjusting such estimate when it is deemed likely to change. This aspect is to be adopted using a modified retrospective transition method, with a cumulative effect adjustment to retained earnings. ASU 2016-09 is effective for annual reporting periods, including interim periods within those periods, beginning after December 15, 2016. We are in the process of determining the impact of adopting the standard on our financial statements. However, we do not expect the adoption to have a material impact on our consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”), which provides guidance on reducing the diversity in practice on eight specific cash flow matters and how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for the fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted including an adoption in an interim period. We have not yet determined the impact of adopting the standard on our financial statements. However, we do not expect the adoption to have a material impact on our consolidated financial statements.

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2016
Segment Information
Segment Information	Note 3—Segment Information The Company’s operating segments are: Carlisle Construction Materials (“CCM” or the “Construction Materials segment”) —the principal products of this segment are insulation materials, 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. The markets served include new construction, re-roofing and maintenance of low-sloped roofs, water containment, heating, ventilation and cooling (HVAC) sealants, and coatings and waterproofing. Carlisle Interconnect Technologies (“CIT” or the “Interconnect Technologies segment”) —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” or the “Fluid Technologies segment”) —the principal products of this segment are industrial finishing equipment and integrated system solutions for spraying, pumping, mixing, metering, and curing of a variety of coatings used in the transportation, auto refinishing, general industrial, wood, protective coating, and specialty markets. Carlisle Brake & Friction (“CBF” or the “Brake & Friction segment”) —the principal products of this segment include high-performance brakes and friction material, and clutch and transmission friction material for the construction, agriculture, mining, aerospace, and motor sports markets. Carlisle FoodService Products (“CFS” or the “FoodService Products segment”) —the principal products of this segment include commercial and institutional foodservice permanentware, table coverings, cookware, catering equipment, fiberglass and composite material trays and dishes, industrial brooms, brushes, mops, and rotary brushes for commercial and non-commercial foodservice operators and sanitary maintenance professionals. Corporate expenses are largely comprised of compensation, benefits, and travel expense for the corporate office staff, business development costs, and certain compliance costs not allocated to the segments. The Company uses net sales and earnings before interest and taxes (“EBIT”) as the primary basis for the Chief Operating Decision Maker (“CODM”) to evaluate the performance of each operating segment. The Company’s CODM is the Chief Executive Officer. Segment information is summarized as follows: Three Months Ended 2016 2015 (in millions) Net Sales EBIT Net Sales EBIT Carlisle Construction Materials $ $ $ $ Carlisle Interconnect Technologies Carlisle Fluid Technologies Carlisle Brake & Friction (1) Carlisle FoodService Products Corporate - - Total $ $ $ $ Nine Months Ended September 30, 2016 2015 (in millions) Net Sales EBIT Net Sales EBIT Carlisle Construction Materials $ $ $ $ Carlisle Interconnect Technologies Carlisle Fluid Technologies Carlisle Brake & Friction (1) Carlisle FoodService Products Corporate - - Total $ $ $ $ (1) Includes impairment charges of $141.5 million in the three and nine month periods ended September 30, 2016. Refer to Note 10 for further discussion

Acquisitions

Acquisitions	9 Months Ended
Acquisitions	Sep. 30, 2016
Acquisitions
Acquisitions	Note 4— Acquisitions 2016 Acquisitions Micro-Coax On June 10, 2016, the Company acquired 100% of the equity of Micro-Coax, Inc., and Kroll Technologies, LLC, (collectively “Micro-Coax”) for total consideration of $94.8 million, net of $1.5 million cash acquired, inclusive of an estimated working capital receivable of $0.2 million. The Company expects to finalize the working capital settlement in the fourth quarter of 2016. The acquired business is a provider of high-performance, high frequency coaxial wire and cable, and cable assemblies to the defense, satellite, test and measurement, and other industrial markets. The results of operations of the acquired business are reported within the Interconnect Technologies segment. The following table summarizes the consideration transferred to acquire Micro-Coax 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 liabilities based upon their acquisition date fair values, with the remainder allocated to goodwill. Preliminary Measurement Revised As of As of (in millions) 6/10/2016 9/30/2016 Total consideration transferred $ $ $ Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents $ $ - $ Receivables - Inventories - Prepaid expenses and other current assets Property, plant, and equipment Definite-lived intangible assets Indefinite-lived intangible assets Other long-term assets - Accounts payable - Accrued expenses Total identifiable net assets Goodwill $ $ $ The valuation of property, plant, and equipment, and intangible assets is preliminary. We expect to complete the valuation in the fourth quarter of 2016. The goodwill recognized in the acquisition of Micro-Coax is attributable to its experienced workforce, expected operational improvements through implementation of the Carlisle Operating System (“COS”), opportunities for product line expansions in addition to supply chain efficiencies and other administrative opportunities, and the significant strategic value of the business to Carlisle. COS is a manufacturing structure and strategy deployment system based on lean enterprise and six sigma principles and is a continuous improvement process that defines the way we do business. Goodwill of $39.7 million is deductible for tax purposes in the U.S. All of the goodwill was assigned to the CIT reporting unit which aligns with the reportable segment. Indefinite-lived intangible assets of $0.9 million represent acquired trade names. The $26.2 million value allocated to definite-lived intangible assets consists of $15.0 million of customer relationships with a useful life of 12 years, various acquired technologies of $10.6 million with useful a useful life of seven years, and a non-compete agreement of $0.6 million with a useful life of three years. MS Oberflächentechnik AG On February 19, 2016, the Company acquired 100% of the equity of MS Oberflächentechnik AG (“MS”), a Swiss-based developer and manufacturer of powder coating systems and related components, for total consideration of CHF 12.3 million, or $12.4 million, including the estimated fair value of contingent consideration of CHF4.3 million, or $4.3 million. The results of operations of MS are reported within the Fluid Technologies segment. Consideration has been primarily allocated to $9.8 million to definite-lived intangible assets, $4.2 million to indefinite-lived intangible assets, and $2.7 million to deferred tax liabilities, with $2.7 million allocated to goodwill. Definite-lived intangible assets consist of $8.4 million of technology with a useful life of seven years and customer relationships of $1.4 million with a useful life of ten years. 2015 Acquisition On April 1, 2015, the Company acquired 100% of the Finishing Brands business from Graco Inc. (“Graco”) for total cash consideration of $598.9 million, net of $12.2 million cash acquired, inclusive of the working capital settlement. The Company reports the results of the acquired business as the CFT segment. The Finishing Brands amounts included in the pro forma financial information below are based on the Finishing Brands’ historical results and, therefore may not be indicative of the actual results if operated 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 net sales and income from continuing operations, net of tax, of the Company as if the business combination had occurred on January 1, 2014 based on the purchase price allocation presented below: Pro Forma Pro Forma Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2015 2015 Net sales $ $ Income from continuing operations The pro forma financial information reflects adjustments to Finishing Brands’ historical financial information to apply the Company's accounting policies and to reflect the additional depreciation and amortization related to the final fair value adjustments of the acquired net assets, together with the associated tax effects. Also, the pro forma financial information reflects the non-recurring costs of goods sold related to the fair valuation of inventory and acquisition-related costs described above as if they occurred in the first quarter of 2014. The following table summarizes the consideration transferred to acquire Finishing Brands and the preliminary allocation and measurement period adjustments to arrive at the final 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 liabilities based upon their acquisition date fair values with the remainder allocated to goodwill. The measurement period adjustments resulted primarily from finalizing valuations of inventory with corresponding measurement period adjustment to deferred taxes. Preliminary Measurement Final As of As of (in millions) 4/1/2015 3/31/2016 Total cash consideration transferred $ $ $ Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents $ $ - $ Receivables Inventories Prepaid expenses and other current assets Property, plant, and equipment Definite-lived intangible assets - Indefinite-lived intangible assets - Deferred income tax assets Other long-term assets Line of credit - Accounts payable - Income tax payable Accrued expenses - Deferred income tax liabilities Other long-term liabilities Total identifiable net assets Goodwill $ $ $ The goodwill recognized in the acquisition of Finishing Brands is attributable to its experienced workforce, the expected operational improvements through implementation of COS, opportunities for geographic and product line expansions in addition to supply chain efficiencies and other administrative opportunities, and the significant strategic value of the business to Carlisle. The Company acquired $60.0 million of gross contractual accounts receivable, of which $1.5 million was not expected to be collected at the date of acquisition. Goodwill of $132.9 million is tax deductible, primarily in the U.S. All of the goodwill was assigned to the CFT reporting unit which aligns with the reportable segment. Indefinite-lived intangible assets of $125.0 million represent acquired trade names. The $216.0 million value allocated to definite-lived intangible assets consists of $186.0 million of customer relationships with a useful life of 15 years and various acquired technologies of $30.0 million with useful lives ranging from five to eight years. The Company recorded an indemnification asset of $3.0 million in other long-term assets relating to the indemnification of Carlisle for a pre-acquisition income tax liability in accordance with the purchase agreement. The Company has also recorded deferred tax liabilities related to intangible assets of $28.2 million. LHi Technology In conjunction with the acquisition of LHi Technology (“LHi”) in October 2014, the Company recorded an indemnification asset of $8.7 million in other long-term assets relating to the indemnification of Carlisle for certain pre-acquisition liabilities, principally related to direct and indirect tax uncertainties. During the third quarter of 2016, the Company concluded that $2.6 million of the indirect tax uncertainties were no longer probable, therefore resulting in the reversal of the related indemnification asset and the corresponding liability.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
Stock-Based Compensation	Sep. 30, 2016
Stock-Based Compensation
Stock-Based Compensation	Note 5—Stock-Based Compensation Stock-based compensation cost is recognized over the requisite service period, which generally equals the stated vesting period, unless the stated vesting period exceeds the date upon which an employee reaches retirement eligibility. Pre-tax stock-based compensation expense was $4.1 million for the three month periods ended September 30, 2016 and 2015, and $12.7 million and $14.6 million for the nine month periods ended September 30, 2016 and 2015, respectively. Incentive Compensation Program The Company maintains an Incentive Compensation Program (the “Program”) for executives, certain other employees of the Company and its operating segments and subsidiaries, and the Company’s non-employee directors. Members of the Board of Directors that receive stock-based compensation are treated as employees for accounting purposes. The Program was approved by shareholders on May 6, 2015. The Program allows for awards to eligible employees of stock options, restricted stock, stock appreciation rights, performance shares and units or other awards based on Company common stock. At September 30, 2016, 3,949,093 shares were available for grant under this plan, of which 1,437,607 shares were available for the issuance of stock awards. Grants For the nine months ended September 30, 2016, the Company awarded 371,623 stock options, 69,583 restricted stock awards, 61,127 performance share awards and 14,359 restricted stock units with an aggregate grant-date fair value of approximately $22.0 million to be expensed over the requisite service period for each award. Stock Option Awards Options issued under the Program generally vest on a straight-line basis one-third on the first anniversary of grant, one-third on the second anniversary of grant, and the remaining one-third on the third anniversary of grant. All options have a maximum term life of 10 years. Shares issued to cover options under the Program may be issued from shares held in treasury, from new issuances of shares, or a combination of the two. Pre-tax share-based compensation expense related to stock options was $1.6 million and $1.5 million for the three month periods ended September 30, 2016 and 2015, respectively, and $4.6 million and $3.9 million for the nine month periods ended September 30, 2016 and 2015, respectively. The Company utilizes the Black-Scholes-Merton (“BSM”) option pricing model to determine the fair value of its stock option awards. The BSM model relies on certain assumptions to estimate an option’s fair value. The weighted-average assumptions used in the determination of fair value for stock option awards in 2016 and 2015 were as follows: 2016 2015 Expected dividend yield % % Expected life in years Expected volatility % % Risk-free interest rate % % Weighted-average fair value $ $ The expected life of options is based on the assumption that all outstanding options will be exercised at the midpoint of the vesting dates (if unvested) and the options’ expiration date. The expected volatility is based on historical volatility as well as implied volatility of the Company’s options. The risk-free interest rate is based on rates of U.S. Treasury issues with a remaining life equal to the expected life of the option. The expected dividend yield is based on the projected annual dividend payment per share, divided by the stock price at the date of grant. Restricted Stock Awards Restricted stock awarded under the Program is generally released to the recipient after a period of approximately three years. The grant date fair value of the 2016 restricted stock awards, which are released to the recipient after a period of three years, is based on the closing market price of the stock on the date of grant. Performance Share Awards The performance shares awarded vest based on the employee rendering three years of service to the Company, and the attainment of a market condition over the performance period, which is based on the Company’s relative total shareholder return versus the S&P Midcap 400 Index® over a pre-determined time period as determined by the Compensation Committee of the Board of Directors. The grant date fair value of the 2016 performance shares was estimated using a Monte-Carlo simulation approach based on a three year measurement period. Such approach entails the use of assumptions regarding the future performance of the Company’s stock and those of the S&P Midcap 400 Index®. Those assumptions include expected volatility, risk-free interest rates, correlation coefficients, and dividend reinvestment. Dividends accrue on the performance shares during the performance period and are to be paid in cash based upon the number of awards ultimately earned. The Company expenses the compensation cost associated with the performance awards on a straight-line basis over the vesting period of approximately three years. Restricted Stock Units The restricted stock units awarded to eligible members of the Board of Directors are fully vested and will be paid in shares of Company common stock after the Director ceases to serve as a member of the Board, or if earlier, upon a change in control of the Company. The grant date fair value of the 2016 restricted stock units is based on the closing market price of the stock on the date of the grant. Deferred Compensation - Equity Certain employees are eligible to participate in the Company’s Non-qualified Deferred Compensation Plan (the “Deferred Compensation Plan”). Participants may elect to defer all or part of their stock-based compensation. Participants have elected to defer 274,800 shares of Company common stock as of September 30, 2016, and 253,520 shares as of December 31, 2015.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2016
Income Taxes
Income Taxes	Note 6—Income Taxes The effective income tax rate on continuing operations for the nine months ended September 30, 2016 reflects our anticipated annual effective tax rate of 42.5% and a year-to-date net discrete tax benefit of $0.8 million. The anticipated rate of 42.5% includes the impact of $141.5 million pre-tax impairment charges, for which we anticipate recognizing a tax benefit of approximately $8.9 million. The income tax provision for the third quarter of 2016 also includes incremental tax expense resulting from the first six months of 2016, having reflected a forecasted annual effective tax rate of 33.0%. The effective income tax rate on continuing operations for the nine months ended September 30, 2015 was 32.2% and included a year-to-date net discrete tax benefit of $3.3 million.

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2016
Earnings Per Share
Earnings Per Share	Note 7—Earnings Per Share The Company’s restricted shares and restricted stock units contain non-forfeitable rights to dividends and, therefore, are considered participating securities for purposes of computing earnings per share pursuant to the two-class method. 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 that are contingently issuable. Neither is considered to be a participating security as they do not contain non-forfeitable dividend rights. The following reflects the 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) 2016 2015 2016 2015 (Loss) income from continuing operations $ $ $ $ Less: dividends declared - common stock outstanding, restricted shares and restricted share units Undistributed earnings Percent allocated to common shareholders (1) % % % % Add: dividends declared - common stock (Loss) income from continuing operations attributable to common shares $ $ $ $ Shares (in thousands): Weighted-average common shares outstanding Effect of dilutive securities: Performance awards - (2) Stock options - (2) Adjusted weighted-average common shares outstanding and assumed conversion Per share (loss) income from continuing operations: Basic $ $ $ $ Diluted $ $ $ $ (1) Basic weighted-average common shares outstanding Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units Percent allocated to common shareholders % % % % (1) Performance awards and stock options representing approximately 252,000 and 326,000 shares, respectively, for third-quarter 2016 were excluded from adjusted weighted-average common shares outstanding and assumed conversion for purposes of calculating diluted per share loss from continuing operations as they were anti-dilutive. 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 (loss) from discontinued operations and net income were as follows: Three Months Ended Nine Months Ended (in millions except share amounts presented in thousands) 2016 2015 2016 2015 (Loss) from discontinued operations attributable to common shareholders for basic and diluted earnings per share $ $ - $ $ - Net (loss) income attributable to common shareholders for basic and diluted earnings per share $ $ $ $ Anti-dilutive stock options excluded from EPS calculation (1) - - (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.

Inventories

Inventories	9 Months Ended
Inventories	Sep. 30, 2016
Inventories
Inventories	Note 8—Inventories The components of inventory is summarized as follows: September 30, December 31, (in millions) 2016 2015 Finished goods $ $ Work-in-process Raw materials Reserves Inventories $ $

Property, Plant and Equipment,

Property, Plant and Equipment, net	9 Months Ended
Property, Plant and Equipment, net	Sep. 30, 2016
Property, Plant, and Equipment, net
Property, Plant and Equipment, net	Note 9—Property, Plant, and Equipment, net The components of property, plant, and equipment, net is summarized as follows: September 30, December 31, (in millions) 2016 2015 Land $ $ Buildings and leasehold improvements Machinery and equipment Projects in progress Accumulated depreciation Property, plant, and equipment, net $ $

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, net	9 Months Ended
Goodwill and Other Intangible Assets, net	Sep. 30, 2016
Goodwill and Other Intangible Assets, net
Goodwill and Other Intangible Assets, net	Note 10—Goodwill and Other Intangible Assets, net During the third quarter of 2016, the Company recognized impairment charges within its CBF segment related to the Wellman® trade name of $11.5 million and goodwill of $130.0 million, and as a result, the carrying value at September 30, 2016 of the Wellman® trade name is $35.4 million and goodwill is $96.5 million. In the third quarter of 2016, the Company concluded that its expectations of recovery in the near term in CBF’s related end markets had declined to the extent that it was more likely than not that the carrying value of the Wellman® trade name and CBF reporting unit were below their carrying values. Consistent with its accounting policies, the Company performed the impairment tests for these assets through a one-step process for the Wellman® trade name and a two-step process for goodwill. Wellman® Trade name The Company based its estimate of fair value of the Wellman® trade name on the income approach utilizing the discounted future cash flow method. As part of estimating discounted future cash flows attributable to the Wellman® trade name, management estimated future revenues, royalty rates and discount rates. These represent the most significant assumptions used in the Company’s evaluation of the fair value of the Wellman® trade name (i.e., Level 3 measurements). As a result, management determined that the fair value of the Wellman® trade name was below its carrying value and recorded an impairment charge equal to the difference as noted above. Goodwill Similarly, for Step 1 of the two-step goodwill impairment test, the Company estimated the fair value of the CBF reporting unit based on the income approach utilizing the discounted cash flow method. Estimated industry weighted average cost of capital (“WACC”) and earnings before interest and taxes (“EBIT”) margins for the CBF reporting unit represent the most significant assumptions used in the Company’s evaluation of fair value (i.e., Level 3 measurements). As a result, the Company determined that the fair value of the CBF reporting unit was below its carrying value by approximately 25% and therefore Step 2 of the goodwill impairment test was required to measure the amount of the Goodwill impairment. In performing the Step 2 analysis, the Company was required to allocate the reporting units’ fair value to the estimated fair values of the CBF reporting unit’s underlying asset and liabilities, both those recognized and unrecognized, with the residual amount reflecting the implied value of goodwill at September 30, 2016. As a result, the carrying amount of goodwill approximates the implied value of goodwill at September 30, 2016. The changes in the carrying amount of goodwill for the nine months ended September 30, 2016 were as follows: Construction Interconnect Fluid Brake and FoodService (in millions) Materials Technologies Technologies Friction Products Total Balance at January 1, 2016 $ $ $ $ $ $ Goodwill acquired during year (1) - - - Impairment charges - - - - Measurement period adjustments (1) - - - - Currency translation - - - Balance at September 30, 2016 $ $ $ $ $ $ (1) See Note 4 for further information on goodwill resulting from recent acquisitions. The Company’s other intangible assets, net at September 30, 2016, were as follows: Acquired Accumulated Net Book (in millions) Cost (2) Amortization Value Assets subject to amortization: Intellectual property $ $ $ Customer relationships Other Assets not subject to amortization: Trade names - Other intangible assets, net $ $ $ The Company’s other intangible assets, net at December 31, 2015, were as follows: Acquired Accumulated Net Book (in millions) Cost (2) Amortization Value Assets subject to amortization: Intellectual property $ $ $ Customer relationships Other Assets not subject to amortization: Trade names - Other intangible assets, net $ $ $ (2) Acquired cost is net of accumulated impairments. The net book values of other intangible assets, net by reportable segment were as follows: September 30, December 31, (in millions) 2016 2015 Carlisle Construction Materials $ $ Carlisle Interconnect Technologies Carlisle Fluid Technologies Carlisle Brake & Friction Carlisle FoodService Products Total $ $

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2016
Commitments and Contingencies
Commitments and Contingencies	Note 11—Commitments and Contingencies Leases The Company currently leases a portion of its manufacturing facilities, distribution centers, and equipment, some of which include scheduled rent increases stated in the lease agreement. The Company currently has no leases that require rent to be paid based on contingent events. Rent expense was $20.1 million and $19.3 million for the nine months ended September 30, 2016 and 2015, respectively, inclusive of rent based on scheduled rent increases and rent holidays recognized on a straight-line basis. Workers’ Compensation Claims and Related Losses The Company has accrued approximately $18.5 million and $19.4 million related to workers’ compensation claims at September 30, 2016 and December 31, 2015, respectively. At September 30, 2016, $5.7 million and $12.8 million are included in accrued expenses and other long-term liabilities, respectively, and at December 31, 2015, $6.0 million and $13.4 million were included in accrued expenses and other long-term liabilities, respectively, in the Condensed Consolidated Balance Sheets. The liability related to workers’ compensation claims, both those reported to the Company and an estimate for those incurred but not yet reported, is based on actuarial estimates and loss development factors and the Company’s historical loss experience. The Company maintains occurrence-based insurance coverage with certain insurance carriers in accordance with its risk management practices that provides for reimbursement of workers’ compensation claims in excess of $0.5 million. The Company records a recovery receivable from the insurance carriers when such recovery is deemed probable based on the nature of the claim and history of recoveries. At September 30, 2016 and December 31, 2015, the Company did not have any recovery receivables recorded for workers’ compensation claims. 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. At September 30, 2016 and December 31, 2015, we had $28.6 million and $29.2 million letters of credit and bank guarantees outstanding, respectively. 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 additional 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, results of operations for a particular period 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 we did not have any significant accruals related to potential future costs of environmental remediation as of September 30, 2016, nor do we have an asset retirement obligation 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. While the Company must comply with existing and pending climate change legislation, regulation, international treaties or accords, current laws and regulations do not have a material impact on its business, capital expenditures or financial position. Future events, including those relating to climate change or greenhouse gas regulation, could require the Company to incur expenses related to the modification or curtailment of operations, installation of pollution control equipment, or investigation and cleanup of contaminated sites.

Long-term Debt

Long-term Debt	9 Months Ended
Long-term Debt	Sep. 30, 2016
Long-term Debt.
Long-term Debt	Note 12—Long-term Debt Long-term debt is summarized as follows: September 30, December 31, Fair Value (1) Fair Value (1) (in millions) 2016 2015 2016 2015 3.75% notes due 2022 $ $ $ $ 5.125% notes due 2020 6.125% notes due 2016 - - Unamortized discount and debt issuance costs Total long term-debt Less current portion of long-term debt - Total long term-debt, net of current portion $ $ (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, debt instruments are classified as Level 2 in the fair value hierarchy. Repayment of Senior Unsecured Notes In August 2016, the Company utilized cash on hand to repay the outstanding principal balance of $150.0 million on the 6.125% senior unsecured notes. Revolving Credit Facilities The Company has a $600.0 million revolving credit facility arrangement under its Third Amended and Restated Credit Agreement (the “Amended Credit Agreement”) administered by JPMorgan Chase Bank, N.A. At September 30, 2016 and December 31, 2015, there were no borrowings outstanding under the revolving credit facility agreement. 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, 2016 and December 31, 2015.

Retirement Plans

Retirement Plans	9 Months Ended
Retirement Plans	Sep. 30, 2016
Retirement Plans
Retirement Plans	Note 13—Retirement Plans Defined Benefit Plans The Company recognizes net periodic pension cost based on the actuarial analysis performed at the previous year end, adjusted if certain significant events occur during the year. Beginning in 2016, the Company moved from utilizing a weighted-average discount rate, which was derived from the yield curve used to measure the pension benefit obligation at the beginning of the period, to a spot yield rate curve to estimate the pension benefit obligation and net periodic benefit costs. The change in estimate provides a more accurate measurement of service and interest costs by applying the spot rate that could be used to settle each projected cash flow individually. This change in estimate did not have a material effect on net periodic benefit costs for the nine months ended September 30, 2016. The components of net periodic benefit cost is summarized as follows: Three Months Ended Nine Months Ended September September (in millions) 2016 2015 2016 2015 Service cost $ $ $ $ Interest cost Expected return on plan assets Amortization of unrecognized loss Net periodic benefit cost $ $ $ $ Defined Contribution Plans The Company maintains defined contribution plans covering a significant portion of its employees. Employer contributions for the plans were $3.0 million and $2.9 million for the three month periods ended September 30, 2016 and 2015, respectively, and $10.2 million and $9.4 million for the nine months ended September 30, 2016 and 2015, respectively. Employee Stock Ownership Plan The Company sponsors an employee stock ownership plan (“ESOP”) as part of one of its existing savings plans. Costs for the ESOP are included in the defined contribution plans noted above. The ESOP is available to eligible domestic employees and includes a match of contributions made by plan participants to the savings plan up to a maximum of 4.0% of a participant’s eligible compensation, divided between cash and an employee-directed election of the Company’s common stock, not to exceed 50% of the total match. Participants are not allowed to direct savings plan contributions to an investment in the Company’s common stock. Total shares held by the ESOP were 1.3 million at September 30, 2016 and December 31, 2015.

Deferred Revenue

Deferred Revenue	9 Months Ended
Deferred Revenue	Sep. 30, 2016
Deferred Revenue.
Deferred Revenue	Note 14—Deferred Revenue Deferred revenue consists primarily of unearned revenue related to separately priced extended warranty contracts on sales of certain products, the most significant being those offered on its installed roofing systems within the Construction Materials segment. Roofing Systems Deferred Revenue The amount of revenue recognized related to extended product warranties covering roofing systems was $4.9 million and $4.7 million for the three month periods ended September 30, 2016 and 2015, respectively, and $14.5 million and $13.8 million for the nine month periods ended September 30, 2016 and 2015, respectively. Deferred revenue is summarized as follows: September 30, December 31, (in millions) 2016 2015 Current $ $ Long-term Deferred revenue $ $ Expected costs of services to be performed under extended product warranty contracts are actuarially determined. Any expected costs in excess of deferred revenue are recognized within accrued expenses. Other Deferred Revenue Other deferred revenue primarily relates to customer prepayment on sales within the Fluid Technologies segment. Other deferred revenue is summarized as follows: September 30, December 31, (in millions) 2016 2015 Current $ $ Long-term - - Deferred revenue $ $

Standard Product Warranties

Standard Product Warranties	9 Months Ended
Standard Product Warranties	Sep. 30, 2016
Standard Product Warranties
Standard Product Warranties	Note 15—Standard Product Warranties The Company offers various warranty programs on its products primarily for certain installed roofing systems, high-performance cables and assemblies, fluid technologies, braking products, and foodservice equipment. The Company’s liability for such warranty programs is included in accrued expenses. The change in the Company’s product warranty liabilities for the nine months ended September 30, is as follows: (in millions) 2016 2015 Balance at January 1 $ $ Current year provision Acquired warranty obligation - Current year claims Balance at September 30 $ $

Other Long-Term Liabilities

Other Long-Term Liabilities	9 Months Ended
Other Long-Term Liabilities	Sep. 30, 2016
Other Long-Term Liabilities
Other Long-Term Liabilities	Note 16—Other Long-Term Liabilities The components of other long-term liabilities is summarized as follows: September 30, December 31, (in millions) 2016 2015 Deferred taxes and other tax liabilities $ $ Pension and other post-retirement obligations Long-term workers' compensation Deferred compensation Other Other long-term liabilities $ $

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
Accumulated Other Comprehensive Loss	Sep. 30, 2016
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Loss	Note 17—Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component for the three months ended September 30, 2016 were as follows: Accrued Foreign post-retirement currency (in millions) benefit liability (1) translation Other Total Balance at June 30, 2016 $ $ $ - $ Other comprehensive loss before reclassifications - Amounts reclassified from accumulated other comprehensive loss - - Income tax expense - - Other comprehensive income (loss) Balance at September 30, 2016 $ $ $ $ (1) Current period amounts for the accrued post-retirement benefit liability are related to the amortization of unrecognized actuarial gains and losses, which is included in net periodic benefit cost for pension and other post-retirement welfare plans. See Note 13. The changes in accumulated other comprehensive (loss) income by component for the three months ended September 30, 2015 were as follows: Accrued Foreign post-retirement currency (in millions) benefit liability (1) translation Other Total Balance at June 30, 2015 $ $ $ $ Other comprehensive loss before reclassifications - - Amounts reclassified from accumulated other comprehensive loss - Income tax benefit (expense) - Other comprehensive income (loss) Balance at September 30, 2015 $ $ $ $ (1) Current period amounts for the accrued post-retirement benefit liability are related to the amortization of unrecognized actuarial gains and losses, which is included in net periodic benefit cost for pension and other post-retirement welfare plans. See Note 13. The changes in accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2016 were as follows: Accrued Foreign post-retirement currency (in millions) benefit liability (1) translation Other Total Balance at December 31, 2015 $ $ $ $ Other comprehensive loss before reclassifications - Amounts reclassified from accumulated other comprehensive loss - Income tax benefit (expense) - Other comprehensive income (loss) Balance at September 30, 2016 $ $ $ $ (1) Current period amounts for the accrued post-retirement benefit liability are related to amortization of unrecognized actuarial gains and losses, which is included in net periodic benefit cost for pension and other post-retirement welfare plans. See Note 13. The changes in accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2015 were as follows: Accrued Foreign post-retirement currency (in millions) benefit liability (1) translation Other Total Balance at December 31, 2014 $ $ $ $ Other comprehensive loss before reclassifications - - Amounts reclassified from accumulated other comprehensive loss - Income tax benefit (expense) - Other comprehensive income (loss) Balance at September 30, 2015 $ $ $ $ (1) Current period amounts for the accrued post-retirement benefit liability are related to the amortization of unrecognized actuarial gains and losses, which is included in net periodic benefit cost for pension and other post-retirement welfare plans. See Note 13.

Foreign Currency Forward Contra

Foreign Currency Forward Contracts	9 Months Ended
Foreign Currency Forward Contracts	Sep. 30, 2016
Foreign Currency Forward Contracts
Foreign Currency Forward Contracts	Note 18—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. For instruments that are designated and qualify as a cash flow hedge, the Company had foreign exchange contracts with maturities less than one year and an aggregate U.S. dollar equivalent notional value of $1.6 million at September 30, 2016. The gross fair value was immaterial at September 30, 2016. No instruments were outstanding as of December 31, 2015. The effective portion of changes in the fair value of the contracts is recorded in accumulated other comprehensive income in the statement of shareholders’ equity and is recognized in operating income when the underlying forecasted transaction impacts earnings. For instruments that are not designed as a cash flow hedge, the Company had foreign exchange contracts with maturities less than one year and an aggregate U.S. dollar equivalent notional value of $33.5 million and $6.1 million at September 30, 2016 and December 31, 2015, respectively. The gross fair value was immaterial at September 30, 2016 and December 31, 2015. The unrealized gains and losses resulting from these contracts are not significant and are recognized in other expense, net and partially offset corresponding foreign exchange gains and losses on these balances. 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.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2016
Subsequent Events
Subsequent Events	Note 19—Subsequent Events On October 3, 2016, the Company acquired 100% of the equity of Star Aviation, Inc. (“Star Aviation”), for estimated consideration of $82.0 million to be adjusted for a working capital settlement. Star Aviation is a leading provider of design and engineering services, testing and certification work and manufactured products for in-flight connectivity applications on commercial, business and military aircraft. The results of operations of the acquired business will be reported within the Interconnect Technologies segment.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2016
Segment Information
Summary of net sales and earnings before interest and taxes ("EBIT")	Three Months Ended 2016 2015 (in millions) Net Sales EBIT Net Sales EBIT Carlisle Construction Materials $ $ $ $ Carlisle Interconnect Technologies Carlisle Fluid Technologies Carlisle Brake & Friction (1) Carlisle FoodService Products Corporate - - Total $ $ $ $ Nine Months Ended September 30, 2016 2015 (in millions) Net Sales EBIT Net Sales EBIT Carlisle Construction Materials $ $ $ $ Carlisle Interconnect Technologies Carlisle Fluid Technologies Carlisle Brake & Friction (1) Carlisle FoodService Products Corporate - - Total $ $ $ $ (1) Includes impairment charges of $141.5 million in the three and nine month periods ended September 30, 2016. Refer to Note 10 for further discussion

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
Acquisitions (Tables)	Sep. 30, 2016
Micro-Coax
Acquisitions
Summary of consideration transferred and the allocation of the consideration to acquired assets and assumed liabilities	Preliminary Measurement Revised As of As of (in millions) 6/10/2016 9/30/2016 Total consideration transferred $ $ $ Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents $ $ - $ Receivables - Inventories - Prepaid expenses and other current assets Property, plant, and equipment Definite-lived intangible assets Indefinite-lived intangible assets Other long-term assets - Accounts payable - Accrued expenses Total identifiable net assets Goodwill $ $ $
Finishing Brands
Acquisitions
Schedule of unaudited combined pro forma financial information	Pro Forma Pro Forma Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2015 2015 Net sales $ $ Income from continuing operations
Summary of consideration transferred and the allocation of the consideration to acquired assets and assumed liabilities	Preliminary Measurement Final As of As of (in millions) 4/1/2015 3/31/2016 Total cash consideration transferred $ $ $ Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and cash equivalents $ $ - $ Receivables Inventories Prepaid expenses and other current assets Property, plant, and equipment Definite-lived intangible assets - Indefinite-lived intangible assets - Deferred income tax assets Other long-term assets Line of credit - Accounts payable - Income tax payable Accrued expenses - Deferred income tax liabilities Other long-term liabilities Total identifiable net assets Goodwill $ $ $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
Stock-Based Compensation (Tables)	Sep. 30, 2016
Stock-Based Compensation
Schedule of weighted-average assumptions for stock options	2016 2015 Expected dividend yield % % Expected life in years Expected volatility % % Risk-free interest rate % % Weighted-average fair value $ $

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2016
Earnings Per Share
Component of income from continuing operations and share data used in basic and diluted earnings per share	Three Months Ended Nine Months Ended (in millions except share and per share amounts) 2016 2015 2016 2015 (Loss) income from continuing operations $ $ $ $ Less: dividends declared - common stock outstanding, restricted shares and restricted share units Undistributed earnings Percent allocated to common shareholders (1) % % % % Add: dividends declared - common stock (Loss) income from continuing operations attributable to common shares $ $ $ $ Shares (in thousands): Weighted-average common shares outstanding Effect of dilutive securities: Performance awards - (2) Stock options - (2) Adjusted weighted-average common shares outstanding and assumed conversion Per share (loss) income from continuing operations: Basic $ $ $ $ Diluted $ $ $ $ (1) Basic weighted-average common shares outstanding Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units Percent allocated to common shareholders % % % % (1) Performance awards and stock options representing approximately 252,000 and 326,000 shares, respectively, for third-quarter 2016 were excluded from adjusted weighted-average common shares outstanding and assumed conversion for purposes of calculating diluted per share loss from continuing operations as they were anti-dilutive.
Component of income (loss) from discontinued operations and share data used in basic and diluted earnings per share	Three Months Ended Nine Months Ended (in millions except share amounts presented in thousands) 2016 2015 2016 2015 (Loss) from discontinued operations attributable to common shareholders for basic and diluted earnings per share $ $ - $ $ - Net (loss) income attributable to common shareholders for basic and diluted earnings per share $ $ $ $ Anti-dilutive stock options excluded from EPS calculation (1) - - (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.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
Inventories (Tables)	Sep. 30, 2016
Inventories
Components of Inventories	September 30, December 31, (in millions) 2016 2015 Finished goods $ $ Work-in-process Raw materials Reserves Inventories $ $

Property, Plant and Equipment32

Property, Plant and Equipment, net (Tables)	9 Months Ended
Property, Plant and Equipment, net (Tables)	Sep. 30, 2016
Property, Plant, and Equipment, net
Components of property, plant, and equipment, net	September 30, December 31, (in millions) 2016 2015 Land $ $ Buildings and leasehold improvements Machinery and equipment Projects in progress Accumulated depreciation Property, plant, and equipment, net $ $

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets, net (Tables)	9 Months Ended
Goodwill and Other Intangible Assets, net (Tables)	Sep. 30, 2016
Goodwill and Other Intangible Assets, net
Summary of changes in the carrying amount of goodwill	Construction Interconnect Fluid Brake and FoodService (in millions) Materials Technologies Technologies Friction Products Total Balance at January 1, 2016 $ $ $ $ $ $ Goodwill acquired during year (1) - - - Impairment charges - - - - Measurement period adjustments (1) - - - - Currency translation - - - Balance at September 30, 2016 $ $ $ $ $ $ (1) See Note 4 for further information on goodwill resulting from recent acquisitions.
Summary of other intangible assets, net	The Company’s other intangible assets, net at September 30, 2016, were as follows: Acquired Accumulated Net Book (in millions) Cost (2) Amortization Value Assets subject to amortization: Intellectual property $ $ $ Customer relationships Other Assets not subject to amortization: Trade names - Other intangible assets, net $ $ $ The Company’s other intangible assets, net at December 31, 2015, were as follows: Acquired Accumulated Net Book (in millions) Cost (2) Amortization Value Assets subject to amortization: Intellectual property $ $ $ Customer relationships Other Assets not subject to amortization: Trade names - Other intangible assets, net $ $ $ (1) Acquired cost is net of accumulated impairments.
Summary of the net bok values of other intangible assets, net by reportable segment	September 30, December 31, (in millions) 2016 2015 Carlisle Construction Materials $ $ Carlisle Interconnect Technologies Carlisle Fluid Technologies Carlisle Brake & Friction Carlisle FoodService Products Total $ $

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
Long-term Debt (Tables)	Sep. 30, 2016
Long-term Debt.
Schedule of Long-term Debt	September 30, December 31, Fair Value (1) Fair Value (1) (in millions) 2016 2015 2016 2015 3.75% notes due 2022 $ $ $ $ 5.125% notes due 2020 6.125% notes due 2016 - - Unamortized discount and debt issuance costs Total long term-debt Less current portion of long-term debt - Total long term-debt, net of current portion $ $ (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, debt instruments are classified as Level 2 in the fair value hierarchy.

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
Retirement Plans (Tables)	Sep. 30, 2016
Retirement Plans
Components of net periodic benefit cost	Three Months Ended Nine Months Ended September September (in millions) 2016 2015 2016 2015 Service cost $ $ $ $ Interest cost Expected return on plan assets Amortization of unrecognized loss Net periodic benefit cost $ $ $ $

Deferred Revenue (Tables)

Deferred Revenue (Tables)	9 Months Ended
Deferred Revenue (Tables)	Sep. 30, 2016
Deferred Revenue.
Schedule of deferred revenue	Deferred revenue is summarized as follows: September 30, December 31, (in millions) 2016 2015 Current $ $ Long-term Deferred revenue $ $ Expected costs of services to be performed under extended product warranty contracts are actuarially determined. Any expected costs in excess of deferred revenue are recognized within accrued expenses. Other Deferred Revenue Other deferred revenue primarily relates to customer prepayment on sales within the Fluid Technologies segment. Other deferred revenue is summarized as follows: September 30, December 31, (in millions) 2016 2015 Current $ $ Long-term - - Deferred revenue $ $

Standard Product Warranties (Ta

Standard Product Warranties (Tables)	9 Months Ended
Standard Product Warranties (Tables)	Sep. 30, 2016
Standard Product Warranties
Schedule of change in aggregate product warranty liabilities	(in millions) 2016 2015 Balance at January 1 $ $ Current year provision Acquired warranty obligation - Current year claims Balance at September 30 $ $

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	9 Months Ended
Other Long-Term Liabilities (Tables)	Sep. 30, 2016
Other Long-Term Liabilities
Components of other long-term liabilities	September 30, December 31, (in millions) 2016 2015 Deferred taxes and other tax liabilities $ $ Pension and other post-retirement obligations Long-term workers' compensation Deferred compensation Other Other long-term liabilities $ $

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Sep. 30, 2016
Accumulated Other Comprehensive (Loss) Income
Schedule of changes in Accumulated other comprehensive income (loss) by component	The changes in accumulated other comprehensive loss by component for the three months ended September 30, 2016 were as follows: Accrued Foreign post-retirement currency (in millions) benefit liability (1) translation Other Total Balance at June 30, 2016 $ $ $ - $ Other comprehensive loss before reclassifications - Amounts reclassified from accumulated other comprehensive loss - - Income tax expense - - Other comprehensive income (loss) Balance at September 30, 2016 $ $ $ $ (1) Current period amounts for the accrued post-retirement benefit liability are related to the amortization of unrecognized actuarial gains and losses, which is included in net periodic benefit cost for pension and other post-retirement welfare plans. See Note 13. The changes in accumulated other comprehensive (loss) income by component for the three months ended September 30, 2015 were as follows: Accrued Foreign post-retirement currency (in millions) benefit liability (1) translation Other Total Balance at June 30, 2015 $ $ $ $ Other comprehensive loss before reclassifications - - Amounts reclassified from accumulated other comprehensive loss - Income tax benefit (expense) - Other comprehensive income (loss) Balance at September 30, 2015 $ $ $ $ (1) Current period amounts for the accrued post-retirement benefit liability are related to the amortization of unrecognized actuarial gains and losses, which is included in net periodic benefit cost for pension and other post-retirement welfare plans. See Note 13. The changes in accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2016 were as follows: Accrued Foreign post-retirement currency (in millions) benefit liability (1) translation Other Total Balance at December 31, 2015 $ $ $ $ Other comprehensive loss before reclassifications - Amounts reclassified from accumulated other comprehensive loss - Income tax benefit (expense) - Other comprehensive income (loss) Balance at September 30, 2016 $ $ $ $ (1) Current period amounts for the accrued post-retirement benefit liability are related to amortization of unrecognized actuarial gains and losses, which is included in net periodic benefit cost for pension and other post-retirement welfare plans. See Note 13. The changes in accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2015 were as follows: Accrued Foreign post-retirement currency (in millions) benefit liability (1) translation Other Total Balance at December 31, 2014 $ $ $ $ Other comprehensive loss before reclassifications - - Amounts reclassified from accumulated other comprehensive loss - Income tax benefit (expense) - Other comprehensive income (loss) Balance at September 30, 2015 $ $ $ $ (1) Current period amounts for the accrued post-retirement benefit liability are related to the amortization of unrecognized actuarial gains and losses, which is included in net periodic benefit cost for pension and other post-retirement welfare plans. See Note 13.

New Accounting Pronouncements (

New Accounting Pronouncements (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
New Accounting Pronouncements
Other long-term assets	$ 23	$ 23.4
Long-term debt	$ 596.2	595.6
Accounting Standards Update 2015-03 \| Reclassification
New Accounting Pronouncements
Other long-term assets		(3.1)
Long-term debt		$ 3.1

Segment Information (Details.)

Segment Information (Details.) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Segment Information (Details.) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net Sales, EBIT, Assets continuing operations by reportable segment
Net sales	$ 991	$ 973.1	$ 2,781.9	$ 2,667
EBIT	36.4	161.8	325.9	376.2
Impairment charges	141.5		141.5
Corporate
Net Sales, EBIT, Assets continuing operations by reportable segment
EBIT	(15)	(13.2)	(45.1)	(46.1)
Carlisle Construction Materials
Net Sales, EBIT, Assets continuing operations by reportable segment
Net sales	578.2	570.1	1,564.4	1,519
EBIT	132	115.5	337.4	264.3
Carlisle Interconnect Technologies
Net Sales, EBIT, Assets continuing operations by reportable segment
Net sales	218.2	202.3	624.3	595
EBIT	42.2	41.2	118.4	111.8
Carlisle Fluid Technologies
Net Sales, EBIT, Assets continuing operations by reportable segment
Net sales	69	67.9	198.4	129.6
EBIT	9.5	10.1	23.7	9.1
Carlisle Brake & Friction
Net Sales, EBIT, Assets continuing operations by reportable segment
Net sales	62.6	70.7	207.9	242.1
EBIT	(141.3)	0.5	(132.8)	16.8
Impairment charges			141.5
Carlisle Food Service Products
Net Sales, EBIT, Assets continuing operations by reportable segment
Net sales	63	62.1	186.9	181.3
EBIT	$ 9	$ 7.7	$ 24.3	$ 20.3

Acquisitions (Details)

Acquisitions (Details) SFr in Millions, $ in Millions	Jun. 10, 2016USD ($)	Feb. 19, 2016CHF (SFr)	Feb. 19, 2016USD ($)	Apr. 01, 2015USD ($)	Sep. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Feb. 19, 2016USD ($)	Dec. 31, 2015USD ($)	Oct. 31, 2014USD ($)
Acquisitions
Aggregate cash purchase price, net of cash acquired									$ 103.1	$ 598.9
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill					$ 1,046.5			$ 1,046.5	1,046.5			$ 1,134.4
Micro-Coax
Acquisitions
Percentage of ownership interest acquired	100.00%
Aggregate cash purchase price, net of cash acquired	$ 94.8
Cash acquired in business combination	1.5
Payment of working capital settlement	0.2
Total consideration transferred								96.3
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents					1.5			1.5	1.5
Receivables					6.3			6.3	6.3
Inventories					8.6			8.6	8.6
Prepaid expenses and other current assets					0.3			0.3	0.3
Property, plant and equipment					16			16	16
Definite-lived intangible assets					26.2			26.2	26.2
Indefinite-lived intangible assets					0.9			0.9	0.9
Other long-term assets					1			1	1
Accounts payable					(1.7)			(1.7)	(1.7)
Accrued expenses					(2.5)			(2.5)	(2.5)
Total identifiable net assets					56.6			56.6	56.6
Goodwill					39.7			39.7	39.7
Micro-Coax \| Preliminary Allocation
Acquisitions
Total consideration transferred	97.3
Goodwill deductible for tax purpose					39.7			39.7	39.7
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	1.5
Receivables	6.3
Inventories	8.6
Prepaid expenses and other current assets	0.4
Property, plant and equipment	30
Definite-lived intangible assets	31.5
Indefinite-lived intangible assets	2
Other long-term assets	1
Accounts payable	(1.7)
Accrued expenses	(2.4)
Total identifiable net assets	77.2
Goodwill	$ 20.1
Micro-Coax \| Preliminary Allocation \| Trade names
Recognized amounts of identifiable assets acquired and liabilities assumed:
Indefinite-lived intangible assets					$ 0.9			0.9	0.9
Micro-Coax \| Preliminary Allocation \| Customer relationships
Acquisitions
Useful life of finite lived intangible assets					12 years
Recognized amounts of identifiable assets acquired and liabilities assumed:
Definite-lived intangible assets					$ 15			15	15
Micro-Coax \| Preliminary Allocation \| Acquired Technology
Acquisitions
Useful life of finite lived intangible assets					7 years
Recognized amounts of identifiable assets acquired and liabilities assumed:
Definite-lived intangible assets					$ 10.6			10.6	10.6
Micro-Coax \| Preliminary Allocation \| Non-compete agreement
Acquisitions
Useful life of finite lived intangible assets					3 years
Recognized amounts of identifiable assets acquired and liabilities assumed:
Definite-lived intangible assets					$ 0.6			0.6	0.6
Micro-Coax \| Adjustment
Acquisitions
Total consideration transferred								(1)
Recognized amounts of identifiable assets acquired and liabilities assumed:
Prepaid expenses and other current assets					(0.1)			(0.1)	(0.1)
Property, plant and equipment					(14)			(14)	(14)
Definite-lived intangible assets					(5.3)			(5.3)	(5.3)
Indefinite-lived intangible assets					(1.1)			(1.1)	(1.1)
Accrued expenses					(0.1)			(0.1)	(0.1)
Total identifiable net assets					(20.6)			(20.6)	(20.6)
Goodwill					19.6			19.6	19.6
Finishing Brands
Acquisitions
Percentage of ownership interest acquired				100.00%
Aggregate cash purchase price, net of cash acquired				$ 598.9
Cash acquired in business combination				12.2
Total consideration transferred						$ 611.1
Business combination gross receivables				60
Receivables not expected to be collected				1.5
Goodwill deductible for tax purpose				132.9
Deferred tax liability related to intangible assets				28.2
Business Acquisition, Pro Forma Information [Abstract]
Net sales							$ 973.1			2,728.2
Income from continuing operations							$ 103.6			$ 250.5
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents						12.2
Receivables						58.5
Inventories						43.1
Prepaid expenses and other current assets						6.2
Property, plant and equipment						40.8
Definite-lived intangible assets						216
Indefinite-lived intangible assets						125
Deferred income tax assets						0.7
Other long-term assets						3.5
Line of credit						(1.4)
Accounts payable						(16.3)
Income tax payable						(2)
Accrued expenses						(15.6)
Deferred income tax liabilities						(28.2)
Other long-term liabilities						(6.3)
Total identifiable net assets						436.2
Goodwill						174.9
Finishing Brands \| Other long-term assets
Acquisitions
Indemnification asset				3
Finishing Brands \| Trade names
Recognized amounts of identifiable assets acquired and liabilities assumed:
Indefinite-lived intangible assets				$ 125
Finishing Brands \| Customer relationships
Acquisitions
Useful life of finite lived intangible assets				15 years
Recognized amounts of identifiable assets acquired and liabilities assumed:
Definite-lived intangible assets				$ 186
Finishing Brands \| Acquired Technology
Recognized amounts of identifiable assets acquired and liabilities assumed:
Definite-lived intangible assets				$ 30
Finishing Brands \| Acquired Technology \| Minimum
Acquisitions
Useful life of finite lived intangible assets				5 years
Finishing Brands \| Acquired Technology \| Maximum
Acquisitions
Useful life of finite lived intangible assets				8 years
Finishing Brands \| Preliminary Allocation
Acquisitions
Total consideration transferred				$ 610.6
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents				12.2
Receivables				57.3
Inventories				40.9
Prepaid expenses and other current assets				6.4
Property, plant and equipment				41
Definite-lived intangible assets				216
Indefinite-lived intangible assets				125
Deferred income tax assets				1.9
Other long-term assets				3.8
Line of credit				(1.4)
Accounts payable				(16.3)
Income tax payable				(1.9)
Accrued expenses				(15.6)
Deferred income tax liabilities				(28.8)
Other long-term liabilities				(5.6)
Total identifiable net assets				434.9
Goodwill				$ 175.7
Finishing Brands \| Adjustment
Acquisitions
Total consideration transferred						0.5
Recognized amounts of identifiable assets acquired and liabilities assumed:
Receivables						1.2
Inventories						2.2
Prepaid expenses and other current assets						(0.2)
Property, plant and equipment						(0.2)
Deferred income tax assets						(1.2)
Other long-term assets						(0.3)
Income tax payable						(0.1)
Deferred income tax liabilities						0.6
Other long-term liabilities						(0.7)
Total identifiable net assets						1.3
Goodwill						$ (0.8)
MS
Acquisitions
Percentage of ownership interest acquired		100.00%									100.00%
Total consideration transferred		SFr 12.3	$ 12.4
Contingent consideration		SFr 4.3									$ 4.3
Recognized amounts of identifiable assets acquired and liabilities assumed:
Definite-lived intangible assets											9.8
Indefinite-lived intangible assets											4.2
Deferred income tax liabilities											(2.7)
Goodwill											2.7
MS \| Customer relationships
Acquisitions
Useful life of finite lived intangible assets		10 years	10 years
Recognized amounts of identifiable assets acquired and liabilities assumed:
Definite-lived intangible assets											1.4
MS \| Acquired Technology
Acquisitions
Useful life of finite lived intangible assets		7 years	7 years
Recognized amounts of identifiable assets acquired and liabilities assumed:
Definite-lived intangible assets											$ 8.4
LHi Technology
Acquisitions
Indemnification asset													$ 8.7
LHi Technology \| Adjustment
Acquisitions
Contingent consideration					(2.6)			(2.6)	(2.6)
Indemnification asset					(2.6)			(2.6)	(2.6)
Carlisle Fluid Technologies
Recognized amounts of identifiable assets acquired and liabilities assumed:
Goodwill					$ 174.7			$ 174.7	$ 174.7			$ 173.4

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Award Information and Fair Value Assumptions (Details) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)shares	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)$ / sharesshares	Sep. 30, 2015USD ($)$ / shares
Stock-based compensation
Aggregate grant-date fair value of stock options, restricted stock awards, performance share awards and restricted stock units \| $			$ 22
Stock-based compensation expense
Pre-tax compensation expense \| $	$ 4.1	$ 4.1	$ 12.7	$ 14.6
Weighted-average assumptions used to estimate grant date fair value of stock options
Expected dividend yield (as a percent)			1.40%	1.10%
Expected life in years			5 years 7 months 10 days	5 years 8 months 16 days
Expected volatility (as a percent)			27.50%	27.30%
Risk-free interest rate (as a percent)			1.40%	1.40%
Weighted average fair value (in dollars per share) \| $ / shares			$ 19.30	$ 21.19
Executive Incentive Program
Stock-based compensation
Shares available for grant under the plan	3,949,093		3,949,093
Shares available for issuance under the plan	1,437,607		1,437,607
Stock options
Stock-based compensation
Stock options granted (in shares)			371,623
Portion of stock options vesting on the first anniversary			0.3333
Portion of stock options vesting on the second anniversary			0.3333
Portion of stock options vesting on the third anniversary			0.3333
Maximum term life			10 years
Stock-based compensation expense
Pre-tax compensation expense \| $	$ 1.6	$ 1.5	$ 4.6	$ 3.9
Restricted stock awards
Stock-based compensation
Awards granted (in shares)			69,583
Performance share awards
Stock-based compensation
Awards granted (in shares)			61,127
Restricted Stock Units
Stock-based compensation
Awards granted (in shares)			14,359

Stock-Based Compensation - Vest

Stock-Based Compensation - Vesting and Deferred Compensation Plan (Details) - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Restricted stock awards
Stock-based compensation
Vesting period of shares awarded under the Program	3 years
Performance share awards
Stock-based compensation
Vesting period of shares awarded under the Program	3 years
Deferred Compensation Equity
Performance share awards
Number of common stock deferred (in shares)	274,800	253,520

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2016	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2016
Effective income tax rate on continuing operations (as a percent)			42.50%	32.20%
Discrete tax expense (benefit) related to state valuation allowance release			$ (0.8)	$ (3.3)
Impairment charges		$ 141.5	$ 141.5
Forecast
Anticipated tax benefit, impairment charge	$ 8.9
Anticipated effective tax rate for beginning of year to date (as a percent)					33.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Numerator:
Income from continuing operations	$ (9.5)	$ 103.6	$ 174.3	$ 237.9
Less: dividends declared - common stock outstanding, restricted shares and restricted share units	(22.8)	(19.6)	(61.8)	(52.7)
Undistributed earnings	$ (32.3)	$ 84	$ 112.5	$ 185.2
Percent allocated to common shareholders	99.30%	99.50%	99.30%	99.50%
Undistributed earnings allocated to common shareholders	$ (32.1)	$ 83.6	$ 111.7	$ 184.3
Add: dividends declared - common stock	22.6	19.5	61.1	52
(Loss) income from continuing operations attributable to common shares	$ (9.5)	$ 103.1	$ 172.8	$ 236.3
Denominator (in thousands):
Denominator for basic EPS: weighted-average common shares outstanding	64,353,000	64,970,000	64,206,000	64,952,000
Effect of dilutive securities:
Performance awards (in shares)		348,000	252,000	348,000
Stock options (in shares)		669,000	421,000	752,000
Denominator for diluted EPS: adjusted weighted-average common shares outstanding and assumed conversion	64,353,000	65,987,000	64,879,000	66,052,000
Per share income from continuing operations:
Basic (in dollars per share)	$ (0.15)	$ 1.59	$ 2.69	$ 3.64
Diluted (in dollars per share)	$ (0.15)	$ 1.56	$ 2.66	$ 3.58
Basic weighted-average common shares outstanding	64,353,000	64,970,000	64,206,000	64,952,000
Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units	64,809,000	65,304,000	64,662,000	65,286,000
Percent allocated to common shareholders	99.30%	99.50%	99.30%	99.50%
Income (loss) from discontinued operations and net income
Income (loss) from discontinued operations attributable to common shareholders for basic and diluted earnings per share	$ (0.3)		$ (0.4)
Net income attributable to common shareholders for basic and diluted earnings per share	$ (9.8)	$ 103.1	$ 172.4	$ 236.3
Antidilutive stock options excluded from EPS calculation (in shares)	1,000		125,000
Performance share awards
Income (loss) from discontinued operations and net income
Antidilutive stock options excluded from EPS calculation (in shares)	252,000
Stock options
Income (loss) from discontinued operations and net income
Antidilutive stock options excluded from EPS calculation (in shares)	326,000

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Inventories
Finished goods	$ 220.1	$ 205.1
Work-in-process	57.5	48.8
Raw materials	143.9	133.9
Reserves	(35.7)	(31.8)
Inventories	$ 385.8	$ 356

Property, Plant, and Equipment,

Property, Plant, and Equipment, net (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Property, Plant, and Equipment
Property, plant and equipment, gross	$ 1,224.7	$ 1,154.5
Accumulated depreciation	(601.1)	(568.7)
Property, plant, and equipment, net	623.6	585.8
Land
Property, Plant, and Equipment
Property, plant and equipment, gross	62.8	59.9
Buildings and leasehold improvements
Property, Plant, and Equipment
Property, plant and equipment, gross	343.4	324.6
Machinery and equipment
Property, Plant, and Equipment
Property, plant and equipment, gross	773.5	735.4
Projects in progress
Property, Plant, and Equipment
Property, plant and equipment, gross	$ 45	$ 34.6

Goodwill and Other Intangible49

Goodwill and Other Intangible Assets, net - Changes in the Carrying Amount of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		$ 1,134.4
Goodwill acquired during the year		42.4
Impairment charges		(130)
Measurement period adjustments		(0.3)
Goodwill, Balance at the end of the period	$ 1,046.5	1,046.5
Carlisle Construction Materials
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		118.7
Currency translation		1.2
Goodwill, Balance at the end of the period	119.9	119.9
Carlisle Interconnect Technologies
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		555.4
Goodwill acquired during the year		39.7
Goodwill, Balance at the end of the period	595.1	595.1
Carlisle Fluid Technologies
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		173.4
Goodwill acquired during the year		2.7
Measurement period adjustments		(0.3)
Currency translation		(1.1)
Goodwill, Balance at the end of the period	174.7	174.7
Carlisle Brake & Friction
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		226.6
Impairment charges		(130)
Currency translation		(0.1)
Goodwill, Balance at the end of the period	$ 96.5	$ 96.5
Percentage of fair value of reporting unit below the carrying amount	25.00%	25.00%
Carlisle Food Service Products
Changes in the carrying amount of goodwill
Goodwill, Balance at the beginning of the period		$ 60.3
Goodwill, Balance at the end of the period	$ 60.3	60.3
Trade names
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Carrying value	239.7	239.7	$ 245.8
Wellman Trade Name \| Carlisle Brake & Friction
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Impairment charges	11.5
Carrying value	$ 35.4	$ 35.4

Goodwill and Other Intangible50

Goodwill and Other Intangible Assets, net - Other Intangibles and Amortization (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Other intangible assets, net
Other intangible assets, Acquired Cost	$ 1,142.4	$ 1,113.9
Other intangible assets, Accumulated Amortization	(271.9)	(226.1)
Other intangible assets, net	870.5	887.8
Trade names
Assets not subject to amortization:
Acquired Cost	239.7	245.8
Intellectual property
Other intangible assets
Acquired Cost	199.9	180.7
Accumulated Amortization	(68.6)	(55)
Net Book Value	131.3	125.7
Customer relationships
Other intangible assets
Acquired Cost	688.6	673.9
Accumulated Amortization	(191.9)	(160.5)
Net Book Value	496.7	513.4
Other
Other intangible assets
Acquired Cost	14.2	13.5
Accumulated Amortization	(11.4)	(10.6)
Net Book Value	$ 2.8	$ 2.9

Goodwill and Other Intangible51

Goodwill and Other Intangible Assets, net - Net Carrying Value of Other Intangibles (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	$ 870.5	$ 887.8
Goodwill	1,046.5	1,134.4
Carlisle Construction Materials
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	59.2	60.9
Goodwill	119.9	118.7
Carlisle Interconnect Technologies
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	360.5	357.3
Goodwill	595.1	555.4
Carlisle Fluid Technologies
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	324.5	325.3
Goodwill	174.7	173.4
Carlisle Brake & Friction
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	100.9	117.2
Goodwill	96.5	226.6
Carlisle Food Service Products
Net book value of other intangible assets by the reportable segment
Other intangible assets, net	25.4	27.1
Goodwill	$ 60.3	$ 60.3

Commitments and Contingencies -

Commitments and Contingencies - Leases (Details) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)item	Sep. 30, 2015USD ($)
Commitments and Contingencies
Number of leases that require rent to be paid based on contingent events \| item	0
Rent expense \| $	$ 20.1	$ 19.3

Commitments and Contingencies53

Commitments and Contingencies - Workers' Compensation (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Workers' Compensation Claims and Related Losses
Accrued workers compensation claims	$ 18.5	$ 19.4
Workers' compensation included in accrued expenses	5.7	6
Workers' compensation included in other long-term liabilities	12.8	13.4
Limits in excess of occurrence for reimbursement of workers' compensation	0.5
Claim recovery receivables	$ 0	$ 0

Commitments and Contingencies54

Commitments and Contingencies - Letters of Credit and Guarantees (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Financial Guarantee
Other commitments
Letters of credit outstanding	$ 28.6	$ 29.2

Commitments and Contingencies55

Commitments and Contingencies - Litigation and Environmental Matters (Details) $ in Millions	Sep. 30, 2016USD ($)
Asbestos-related injury
Loss contingencies
Accounting effect of dismissals or settlements	$ 0

Long-term Debt (Details)

Long-term Debt (Details) - USD ($) $ in Millions	1 Months Ended
Long-term Debt (Details) - USD ($) $ in Millions	Aug. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Borrowings
Unamortized discount and debt issuance costs		$ (3.8)	$ (4.6)
Total long-term debt		596.2	745.4
Less current portion of long-term debt			(149.8)
Total long-term debt, net of current portion		$ 596.2	$ 595.6
3.75% senior notes due 2022
Borrowings
Interest rate (as a percent)		3.75%	3.75%
Long-term debt, carrying amount		$ 350	$ 350
3.75% senior notes due 2022 \| Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes		$ 360.7	$ 349.3
5.125% senior notes due 2020
Borrowings
Interest rate (as a percent)		5.125%	5.125%
Long-term debt, carrying amount		$ 250	$ 250
5.125% senior notes due 2020 \| Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes		272	$ 268.6
6.125% senior notes due 2016
Borrowings
Interest rate (as a percent)			6.125%
Long-term debt, carrying amount			$ 150
Repayment of debt	$ 150
6.125% senior notes due 2016 \| Significant Observable Inputs (Level 2)
Borrowings
Fair value of notes			152.9
Revolving credit facility
Borrowings
Maximum borrowing capacity		600
Amount outstanding		$ 0	$ 0

Retirement Plans (Details)

Retirement Plans (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Defined Contribution Plans
Defined contribution plan expense recognized	$ 3	$ 2.9	$ 10.2	$ 9.4
Maximum percentage of employee compensation match by employer to employee stock ownership plan			4.00%
Maximum percentage of employer match in the form of common stock			50.00%
Shares held by the ESOP plan	1.3		1.3		1.3
Defined Benefit Plans
Components of net periodic benefit cost
Service cost	$ 0.8	0.9	$ 2.5	2.8
Interest cost	1.3	1.8	4	5.3
Expected return on plan assets	(2.5)	(2.6)	(7.6)	(7.8)
Amortization of unrecognized loss	0.6	1.3	1.8	3.9
Net periodic benefit cost	$ 0.2	$ 1.4	$ 0.7	$ 4.2

Deferred Revenue (Details)

Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Deferred Revenue (Details) - USD ($) $ in Millions	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Deferred revenue
Current	$ 23.9		$ 23.9		$ 24
Long-term	167.2		167.2		159.7
Roofing Systems Product
Product Warranties
Net sales recognized related to extended product warranties	4.9	$ 4.7	14.5	$ 13.8
Extended product warranty
Current	18.4		18.4		18.1
Long-term	167.2		167.2		159.7
Deferred revenue	185.6		185.6		177.8
Carlisle Fluid Technologies
Deferred revenue
Current	5.5		5.5		5.9
Deferred revenue	$ 5.5		$ 5.5		$ 5.9

Standard Product Warranties (De

Standard Product Warranties (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Change in aggregate product warranty liabilities
Beginning reserve	$ 28.9	$ 15.2
Current year provision	16.1	18.9
Acquired warranty obligation		1.1
Current year claims	(19.3)	(13.2)
Ending reserve	$ 25.7	$ 22

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Other Long-Term Liabilities
Deferred taxes and other tax liabilities	$ 154.4	$ 176.5
Pension and other post-retirement obligations	26.7	26.3
Long-term workers' compensation	12.8	13.4
Deferred compensation	20.6	16.8
Other	14.9	9.4
Other long-term liabilities	$ 229.4	$ 242.4

Accumulated Other Comprehensi61

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated balances for each classification of comprehensive income (loss)
Balance at the beginning of the period			$ 2,347.4	$ 2,205
Other comprehensive loss	$ (0.3)	$ (8.5)	(4.6)	(15.6)
Balance at the end of the period	2,446.9	2,364.1	2,446.9	2,364.1
Accrued post-retirement benefit liability
Accumulated balances for each classification of comprehensive income (loss)
Balance at the beginning of the period	(26.6)	(30.4)	(27.4)	(32)
Amounts reclassified from accumulated other comprehensive loss	0.6	1.3	1.8	3.9
Income tax benefit (expense)	(0.3)	(0.5)	(0.7)	(1.5)
Other comprehensive loss	0.3	0.8	1.1	2.4
Balance at the end of the period	(26.3)	(29.6)	(26.3)	(29.6)
Foreign currency translation
Accumulated balances for each classification of comprehensive income (loss)
Balance at the beginning of the period	(64.8)	(38.9)	(60)	(30.4)
Other comprehensive loss before reclassifications	(0.5)	(9.2)	(5.3)	(17.7)
Other comprehensive loss	(0.5)	(9.2)	(5.3)	(17.7)
Balance at the end of the period	(65.3)	(48.1)	(65.3)	(48.1)
Other
Accumulated balances for each classification of comprehensive income (loss)
Balance at the beginning of the period		0.4	0.3	0.6
Other comprehensive loss before reclassifications	(0.1)		(0.3)
Amounts reclassified from accumulated other comprehensive loss		(0.2)	(0.2)	(0.4)
Income tax benefit (expense)		0.1	0.1	0.1
Other comprehensive loss	(0.1)	(0.1)	(0.4)	(0.3)
Balance at the end of the period	(0.1)	0.3	(0.1)	0.3
Accumulated Other Comprehensive Income (loss).
Accumulated balances for each classification of comprehensive income (loss)
Balance at the beginning of the period	(91.4)	(68.9)	(87.1)	(61.8)
Other comprehensive loss before reclassifications	(0.6)	(9.2)	(5.6)	(17.7)
Amounts reclassified from accumulated other comprehensive loss	0.6	1.1	1.6	3.5
Income tax benefit (expense)	(0.3)	(0.4)	(0.6)	(1.4)
Other comprehensive loss	(0.3)	(8.5)	(4.6)	(15.6)
Balance at the end of the period	$ (91.7)	$ (77.4)	$ (91.7)	$ (77.4)

Foreign Currency Forward Cont62

Foreign Currency Forward Contracts (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Designated as Hedging Instrument
Derivative Financial Instruments
Notional amount	$ 1.6	$ 0
Not Designated as Hedging Instrument
Derivative Financial Instruments
Notional amount	$ 33.5	$ 6.1

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent event - Star Aviation $ in Millions	Oct. 03, 2016USD ($)
Percentage of ownership interest acquired	100.00%
Total consideration transferred	$ 82