View Filing Data

^[1]

$ 3,367.4

$ 3,199.1

$ 2,949.4

2,464.1

2,337.9

2,227.1

903.3

861.2

722.3

573.7

570.1

507.0

Other items, net

6.8

9.3

2.5

Income from equity method investments

1.9

5.0

4.2

(13.8)

(12.2)

(10.5)

334.7

289.0

219.1

17.2

14.5

17.1

Income from continuing operations before income taxes

(0.1)

0.2

0.3

317.6

274.3

201.7

109.5

94.4

66.7

Loss from discontinued operations before income taxes

208.1

179.9

135.0

Discontinued operations:

(3.7)

(13.3)

(64.9)

Benefit from income taxes

(1.4)

(5.2)

(19.9)

(2.3)

(8.1)

(45.0)

$ 205.8

$ 171.8

$ 90.0

Earnings per share – Basic:

$ 4.35

$ 3.61

$ 2.66

(0.05)

(0.16)

(0.89)

4.30

3.45

1.77

Earnings per share – Diluted:

4.28

3.55

2.63

(0.05)

(0.16)

(0.88)

Cash dividends declared per share

$ 4.23

$ 3.39

$ 1.75

Average shares outstanding:

Basic

47.9

49.8

50.7

Diluted

48.6

50.6

51.4

$ 1.14

$ 0.92

$ 0.76

[1]	On a consolidated basis, no revenue from transactions with a single customer were 10% or greater of our consolidated net sales for any of the periods presented.

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Net income	$ 205.8	$ 171.8	$ 90.0
Other comprehensive income (loss):
Foreign currency translation adjustments	(45.7)	(30.7)	14.8
Reclassification of foreign currency translation adjustments into earnings	0.0	(41.1)	(3.7)
Net change in pension and post-retirement benefit liabilities	75.9	(56.7)	24.1
Change in fair value of available-for-sale marketable equity securities	0.7	(6.8)	1.9
Net change in fair value of cash flow hedges	(12.1)	(6.8)	5.2
Reclassification of pension and post-retirement benefit losses into earnings	6.9	9.5	14.9
Reclassification of cash flow hedge losses into earnings	5.7	4.2	7.9
Other comprehensive income (loss) before taxes	(120.4)	(15.0)	16.9
Tax (expense) benefit	28.0	(23.8)	(2.1)
Other comprehensive income (loss), net of tax	(92.4)	(38.8)	14.8
Comprehensive income	$ 113.4	$ 133.0	$ 104.8

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$ 205.8	$ 171.8	$ 90.0
Net loss from discontinued operations	2.3	8.1	45.0
Adjustments to reconcile net income to net cash provided by operating activities:
Income from equity method investments	(13.8)	(12.2)	(10.5)
Dividends from affiliates	9.1	10.3	9.3
Restructuring expenses, net of cash paid	0.2	0.1	0.1
Provision for bad debts	2.6	3.6	3.9
Unrealized losses on derivative contracts	0.3	0.3	(1.0)
Stock-based compensation expense	23.3	29.3	15.2
Depreciation and amortization	60.8	58.9	55.4
Deferred Income Taxes and Tax Credits	6.1	3.5	(2.7)
Pension costs in excess of (less than) contributions	(8.0)	1.7	(15.1)
Other items, net	0.1	4.5	2.1
Changes in assets and liabilities, net of effects of acquisitions and divestitures:
Accounts and notes receivable	(32.6)	(49.0)	13.3
Inventories	(96.7)	(19.5)	(55.8)
Other current assets	(8.3)	(16.3)	(1.5)
Accounts payable	46.1	(10.9)	37.1
Accrued expenses	6.7	15.4	35.8
Income taxes payable and receivable	(15.9)	21.9	18.2
Other, net	(1.0)	4.4	(2.2)
Net cash used in discontinued operations	(2.3)	(15.6)	(15.2)
Net cash provided by operating activities	184.8	210.3	221.4
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	1.1	2.4	0.1
Purchases of property, plant and equipment	(88.4)	(78.3)	(50.2)
Net proceeds from sale of businesses	0.0	8.6	10.1
Net cash used in discontinued operations	0.0	0.0	(0.4)
Net cash used in investing activities	(87.3)	(67.3)	(40.4)
Cash flows from financing activities:
Short-term borrowings, net	1.5	2.0	0.2
Asset securitization borrowings	100.0	330.0	645.0
Asset securitization payments	(40.0)	(200.0)	(615.0)
Term loan borrowings from credit facility	300.0	0.0	0.0
Long-term debt payments	(2.3)	(1.0)	(1.1)
Borrowings from credit facility	2,073.5	1,425.5	967.0
Payments on credit facility	(1,908.5)	(1,543.5)	(1,075.0)
Payments of deferred financing costs	(2.2)	0.0	0.0
Additional investment in subsidiary	0.0	(0.5)	0.0
Proceeds from employee stock purchases	2.0	1.8	0.8
Repurchases of common stock	(550.3)	(125.0)	(50.1)
Repurchases of common stock to satisfy employee withholding tax obligations	(22.4)	(12.0)	(7.8)
Excess tax benefits related to share-based payments	(11.8)	(6.5)	(3.5)
Cash dividends paid	(52.6)	(34.0)	(47.6)
Net cash used in financing activities	(89.5)	(150.2)	(180.1)
Increase (decrease) in cash and cash equivalents	8.0	(7.2)	0.9
Effect of exchange rates on cash and cash equivalents	(8.5)	(6.6)	5.9
Cash and cash equivalents, beginning of year	38.0	51.8	45.0
Cash and cash equivalents, end of year	37.5	38.0	51.8
Cash paid during the year for:
Interest, net	17.6	15.7	18.2
Income taxes (net of refunds)	$ 105.3	$ 56.8	$ 30.1

Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions	Total	Common Stock Issued [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock at Cost [Member]	Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2011	$ 469.0	$ 0.9	$ 881.2	$ 692.9	$ (37.1)	$ (1,070.1)	$ 1.2
Beginning balance, shares at Dec. 31, 2011		86,900,000
Beginning balance, Treasury shares at Dec. 31, 2011						36,100,000
Stockholders' Equity [Roll Forward]
Net income	90.0			90.0
Dividends	(38.5)			(38.5)
Foreign currency translation adjustments, net	11.4				11.1
Foreign currency translation adjustments, net							0.3
Pension and postretirement liability changes, net of tax expense (benefit)	(6.5)				(6.5)
Change in fair value of available-for-sale marketable equity securities changes	1.9				1.9
Stock-based compensation expense	16.3		16.3
Change in cash flow hedges, net of tax expense (benefit)	8.3				8.3
Common stock issued	0.2		0.2
Common stock issued, shares		300,000
Treasury stock purchases	(57.3)		(2.9)			$ (54.4)
Treasury stock purchases, shares						800,000
Tax benefits of stock-based compensation	3.5		3.5			$ 0.0
Ending Balance at Dec. 31, 2012	498.3	$ 0.9	898.3	744.4	(22.3)	$ (1,124.5)	1.5
Ending balance, shares at Dec. 31, 2012		87,200,000
Ending balance, Treasury shares at Dec. 31, 2012						36,900,000
Stockholders' Equity [Roll Forward]
Net income	171.8			171.8
Dividends	(45.7)			(45.7)
Foreign currency translation adjustments, net	(72.0)				(71.8)
Foreign currency translation adjustments, net							(0.2)
Pension and postretirement liability changes, net of tax expense (benefit)	41.5				41.5
Change in fair value of available-for-sale marketable equity securities changes	(6.8)				(6.8)
Stock-based compensation expense	29.5		29.5
Change in cash flow hedges, net of tax expense (benefit)	(1.7)				(1.7)
Treasury shares reissued for common stock	1.8		(3.9)			$ 5.7	0.0
Treasury shares reissued for common stock, shares						(500,000)
Treasury stock purchases	$ (137.0)		(17.7)			$ (119.3)
Treasury stock purchases, shares	1,700,000					1,700,000
Tax benefits of stock-based compensation	$ 6.5		6.5
Ending Balance at Dec. 31, 2013	$ 485.7	$ 0.9	912.7	870.5	(61.1)	$ (1,238.1)	0.8
Ending balance, shares at Dec. 31, 2013		87,200,000
Ending balance, Treasury shares at Dec. 31, 2013	38,066,794					38,100,000
Stockholders' Equity [Roll Forward]
Net income	$ 205.8			205.8
Dividends	(54.2)			(54.2)
Foreign currency translation adjustments, net	(45.7)				(45.7)
Foreign currency translation adjustments, net							0.0
Pension and postretirement liability changes, net of tax expense (benefit)	(43.4)				(43.4)
Change in fair value of available-for-sale marketable equity securities changes	0.7				0.7
Stock-based compensation expense	23.3		23.3
Change in cash flow hedges, net of tax expense (benefit)	(4.0)				(4.0)
Treasury shares reissued for common stock	1.9		(5.6)			$ 7.5
Treasury shares reissued for common stock, shares						(800,000)
Additional investment in subsidiary	0.2						0.2
Treasury stock purchases	$ (572.7)		(117.3)			$ (455.4)
Treasury stock purchases, shares	5,200,000					5,200,000
Tax benefits of stock-based compensation	$ 11.8		11.8			$ 0.0
Ending Balance at Dec. 31, 2014	$ 9.0	$ 0.9	$ 824.9	$ 1,022.1	$ (153.5)	$ (1,686.0)	$ 0.6
Ending balance, shares at Dec. 31, 2014		87,200,000
Ending balance, Treasury shares at Dec. 31, 2014	42,535,126					42,500,000

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Dividends per share	$ 1.14	$ 0.92	$ 0.76
Retained Earnings [Member]
Dividends per share	$ 1.14	$ 0.92	$ 0.76
Accumulated Other Comprehensive Income (Loss) [Member]
Benefit for tax, pension and postretirement liability changes	$ 25.6	$ (24.7)	$ 2.7
Provision for tax, derivatives	$ (2.3)	$ (1.0)	$ 4.8

Nature of Operations	12 Months Ended
Nature of Operations	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations: Lennox International Inc., a Delaware corporation, through its subsidiaries (referred to herein as "we," "our," "us," "LII," or the "Company"), is a leading global provider of climate control solutions. We design, manufacture, market and service a broad range of products for the heating, ventilation, air conditioning and refrigeration ("HVACR") markets and sell our products and services through a combination of direct sales, distributors and company-owned parts and supplies stores. We operate in three reportable business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. See Note 19 for financial information regarding our reportable segments.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies:

Principles of Consolidation

The consolidated financial statements include the accounts of Lennox International Inc. and our majority-owned subsidiaries. All intercompany transactions, profits and balances have been eliminated.

Cash and Cash Equivalents

We consider all highly liquid temporary investments with original maturity dates of three months or less to be cash equivalents. Cash and cash equivalents consisted primarily of bank deposits.

Accounts and Notes Receivable

Accounts and notes receivable are shown in the accompanying Consolidated Balance Sheets, net of allowance for doubtful accounts. The allowance for doubtful accounts is generally established during the period in which receivables are recognized and is based on the age of the receivables and management's judgment on our ability to collect. Management considers the historical trends of write-offs and recoveries of previously written-off accounts, the financial strength of customers and projected economic and market conditions. We determine the delinquency status of receivables predominantly based on contractual terms and we write-off uncollectible receivables after management's review of our ability to collect, as noted above. We have no significant concentrations of credit risk within our accounts and notes receivable.

Inventories

Inventory costs include material, labor, depreciation and plant overhead. Inventories of $212.9 million and $187.3 million as of December 31, 2014 and 2013, respectively, were valued at the lower of cost or market using the last-in, first-out (“LIFO”) cost method. The remainder of inventory is valued at the lower of cost or market with cost determined primarily using either the first-in, first-out (“FIFO”) or average cost methods.

We elected to use the LIFO cost method for our domestic manufacturing companies in 1974 and continued to elect the LIFO cost method for new operations through the late 1980s. The types of inventory costs that use LIFO include raw materials, purchased components, work-in-process, repair parts and finished goods. Since the late 1990s, we have adopted the FIFO cost method for all new domestic manufacturing operations (primarily acquisitions). Our operating entities with a previous LIFO election continue to use the LIFO cost method. We use the FIFO cost method for our foreign-based manufacturing facilities. See Note 3 for more information on our inventories.

Property, Plant and Equipment

Property, plant and equipment is stated at cost, net of accumulated depreciation. Expenditures that increase the utility or extend the useful lives of fixed assets are capitalized while expenditures for maintenance and repairs are charged to expense as incurred.

Depreciation is computed using the straight-line method over the following estimated useful lives:



Buildings and improvements:
Buildings and improvements	5 to 30 years
Leasehold improvements	1 to 20 years
Machinery and equipment:
Computer hardware	3 to 5 years
Computer software	3 to 10 years
Factory machinery and equipment	1 to 15 years
Research and development equipment	5 to 10 years
Vehicles	3 to 8 years

We periodically review long-lived assets for impairment as events or changes in circumstances indicate that the carrying amount of such assets might not be recoverable. To assess recoverability, we compare the estimated expected future undiscounted cash flows identified with each long-lived asset or related asset group to the carrying amount of such assets. If the expected future cash flows do not exceed the carrying value of the asset or assets being reviewed, an impairment loss is recognized based on the excess of the carrying amount of the impaired assets over their fair value. See Note 5 for additional information on our property, plant and equipment.

Goodwill

Goodwill represents the excess of cost over fair value of assets from acquired businesses. Goodwill is not amortized, but is reviewed for impairment annually and whenever events or changes in circumstances indicate the asset may be impaired.

The annual goodwill impairment test was performed during the first quarter of 2014, and no impairment was recognized. During the third quarter of 2014, we changed the date of our annual goodwill impairment test from March 31^st to December 31^st. The change was made to more closely align the impairment testing date with the year-end results. The change in goodwill impairment testing date was deemed a change in accounting principle and did not delay, accelerate, or avoid a goodwill impairment charge. Management determined that the change in accounting principle was preferable under the circumstances and did not result in adjustments to our financial statements when applied retrospectively.

The provisions of the accounting standard for goodwill allow us to first assess qualitative factors to determine whether it is necessary to perform a two-step quantitative goodwill impairment test. As part of our qualitative assessment, we monitor economic, legal, regulatory and other factors, industry trends, our market capitalization, recent and forecasted financial performance of our reporting units and the timing and nature of our restructuring activities for LII as a whole and for each reporting unit.

For those reporting units which are evaluated using the two-step quantitative goodwill impairment test, we estimate reporting unit fair values using the discounted cash flow approach. The discounted cash flows used to estimate fair value are based on assumptions regarding each reporting unit’s estimated projected future cash flows and the estimated weighted-average cost of capital that a market participant would use in evaluating the reporting unit in a purchase transaction. The estimated weighted-average cost of capital is based on the risk-free interest rate and other factors such as equity risk premiums and the ratio of total debt to equity capital. In performing these impairment tests, we take steps to ensure that appropriate and reasonable cash flow projections and assumptions are used. We reconcile our estimated enterprise value to our market capitalization and determine the reasonableness of the cost of capital used by comparing to market data. We also perform sensitivity analyses on the key assumptions used, such as the weighted-average cost of capital and terminal growth rates. See Note 4 for additional information on our goodwill.

Intangible Assets

We amortize intangible assets and other assets with finite lives over their respective estimated useful lives to their estimated residual values, as follows:



Asset	Useful Life
Deferred financing costs	Effective interest method
Customer relationships	Straight-line method up to 12 years
Patents and others	Straight-line method up to 20 years

We periodically review intangible assets with estimable useful lives for impairment as events or changes in circumstances indicate that the carrying amount of such assets might not be recoverable. We assess recoverability by comparing the estimated expected undiscounted future cash flows identified with each intangible asset or related asset group to the carrying amount of such assets. If the expected future cash flows do not exceed the carrying value of the asset or assets being reviewed, an impairment loss is recognized based on the excess of the carrying amount of the impaired assets over their fair value. In assessing the fair value of these intangible assets, we must make assumptions that a market participant would make regarding estimated future cash flows and other factors to determine the fair value of the respective assets. If these estimates or the related assumptions change, we may be required to record impairment charges for these assets in the future.

We review our indefinite-lived intangible assets for impairment annually in the fourth quarter and whenever events or changes in circumstances indicate the asset may be impaired. The provisions of the accounting standard for indefinite-lived intangible assets allow us to first assess qualitative factors to determine whether it is necessary to perform a two-step quantitative impairment test. As part of our qualitative assessment, we monitor economic, legal, regulatory and other factors, industry trends, recent and forecasted financial performance of our reporting units and the timing and nature of our restructuring activities for LII as a whole and as they relate to the fair value of the assets. For those intangible assets which are evaluated using the two-step quantitative impairment test, we compare the estimated expected undiscounted future cash flows identified with each intangible asset or related asset group to the carrying amount of such assets. If the expected future cash flows do not exceed the carrying value of the asset or assets being reviewed, an impairment loss is recognized based on the excess of the carrying amount of the impaired assets over their fair value.

Product Warranties

For some of our heating, ventilation and air conditioning (“HVAC”) products, we provide warranty terms ranging from one to 20 years to customers for certain components such as compressors or heat exchangers. For select products, we also provide limited lifetime warranties. A liability for estimated warranty expense is recorded on the date that revenue is recognized. Our estimates of future warranty costs are determined by product line. The number of units we expect to repair or replace is determined by applying an estimated failure rate, which is generally based on historical experience, to the number of units that were sold and are still under warranty. The estimated units to be repaired under warranty are multiplied by the average cost to repair or replace such products to determine the estimated future warranty cost. We do not discount product warranty liabilities as the amounts are not fixed and the timing of future cash payments is neither fixed nor reliably determinable. We also provide for specifically-identified warranty obligations. Estimated future warranty costs are subject to adjustment depending on changes in actual failure rate and cost experience. Subsequent costs incurred for warranty claims serve to reduce the accrued product warranty liability. See Note 10 for more information on our estimated future warranty costs.

Pensions and Post-retirement Benefits

We provide pension and post-retirement medical benefits to eligible domestic and foreign employees and we recognize pension and post-retirement benefit costs over the estimated service life or average life expectancy of those employees. We also recognize the funded status of our benefit plans, as measured at year-end by the difference between plan assets at fair value and the benefit obligation, in the Consolidated Balance Sheets. Changes in the funded status are recognized in the year in which the changes occur through accumulated other comprehensive income (“AOCI”). Actuarial gains or losses are amortized into net period benefit cost over the estimated service life of covered employees or average life expectancy of participants depending on the plan.

The benefit plan assets and liabilities reflect assumptions about the long-range performance of our benefit plans. Should actual results differ from management's estimates, revisions to the benefit plan assets and liabilities would be required. See Note 12 for information regarding those estimates and additional disclosures on pension and post-retirement medical benefits.

Self-Insurance

Self-insurance expense and liabilities were actuarially determined based primarily on our historical claims information and industry factors and trends. The self-insurance liabilities as of December 31, 2014 represent the best estimate of the future payments to be made on reported and unreported losses for 2014 and prior years. The amounts and timing of payments for claims reserved may vary depending on various factors, including the development and ultimate settlement of reported and unreported claims. To the extent actuarial assumptions change and claims experience rates differ from historical rates, our liabilities may change. See Note 10 for additional information on our self-insured risks and liabilities.

Derivatives

We use futures contracts and fixed forward contracts to mitigate our exposure to volatility in metal commodity prices and foreign exchange rates. We hedge only exposures in the ordinary course of business and do not hold or trade derivatives for profit. All derivatives are recognized in the Consolidated Balance Sheets at fair value and the classification of each derivative instrument is based upon whether the maturity of the instrument is less than or greater than 12 months. See Note 8 for more information on our derivatives.

Income Taxes

We recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. Unrecognized tax benefits are accounted for as required by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740. See Note 9 for more information related to income taxes.

Revenue Recognition

Our revenue recognition practices for the sale of goods depend upon the shipping terms for each transaction. Shipping terms are primarily FOB Shipping Point and, therefore, revenue is recognized for these transactions when products are shipped to customers and title passes. Certain customers in our smaller operations, primarily outside of North America, have shipping terms where title and risk of ownership do not transfer until the product is delivered to the customer. For these transactions, revenue is recognized on the date that the product is received and accepted by such customers. We experience returns for miscellaneous reasons and record a reserve for these returns at the time we recognize revenue based on historical experience. Our historical rates of return are insignificant as a percentage of sales. We also recognize revenue net of sales taxes.

For our businesses that provide services, revenue is recognized at the time services are completed. Our Commercial Heating & Cooling segment also provides sales, installation, maintenance and repair services under fixed-price contracts. Revenue for these services is recognized over the life of the contract.

We engage in cooperative advertising, customer rebate, cash discount and other miscellaneous programs that result in payments or credits being issued to our customers. We record these customer discounts and incentives as a reduction of sales when the sales are recorded. For certain cooperative advertising programs, we also receive an identifiable benefit (goods or services) in exchange for the consideration given, and, accordingly, record a ratable portion of the expenditure to Selling, general and administrative (“SG&A”) expenses. All other advertising, promotions and marketing costs are expensed as incurred. See Note 23 for more information on these costs.

Cost of Goods Sold

The principal elements of cost of goods sold are components, raw materials, factory overhead, labor, estimated costs of warranty expense and freight and distribution costs.

Selling, General and Administrative Expenses

SG&A expenses include payroll and benefit costs, advertising, commissions, research and development, information technology costs, and other selling, general and administrative related costs such as insurance, travel, non-production depreciation and rent.

Stock-Based Compensation

We recognize compensation expense for stock-based arrangements over the required employee service periods. We measure stock-based compensation costs on the estimated grant-date fair value of the stock-based awards that are expected to ultimately vest and we adjust expected vesting rates to actual rates as additional information becomes known. For stock-based arrangements with performance conditions, we periodically adjust performance achievement rates based on our best estimates of those rates at the end of the performance period. See Note 14 for more information.

Translation of Foreign Currencies

All assets and liabilities of foreign subsidiaries and joint ventures are translated into U.S. dollars using rates of exchange in effect at the balance sheet date. Revenue and expenses are translated at weighted average exchange rates during the year. Unrealized translation gains and losses are included in AOCI in the accompanying Consolidated Balance Sheets. Transaction gains and losses are included in Losses and other expenses, net in the accompanying Consolidated Statements of Operations.

Use of Estimates

The preparation of financial statements requires us to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible assets and other long-lived assets, contingencies, product warranties, guarantee obligations, indemnifications, and assumptions used in the calculation of income taxes, pension and post-retirement medical benefits, and stock-based compensation among others. These estimates and assumptions are based on our best estimates and judgment.

We evaluate these estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We believe these estimates and assumptions to be reasonable under the circumstances and will adjust such estimates and assumptions when facts and circumstances dictate. Volatile equity, foreign currency and commodity markets and uncertain future economic conditions combine to increase the uncertainty inherent in such estimates and assumptions. Future events and their effects cannot be determined with precision and actual results could differ significantly from these estimates. Changes in these estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.

Reclassifications

Certain amounts have been reclassified from the prior year presentation to conform to the current year presentation.

Inventories

12 Months Ended

Dec. 31, 2014

Inventory Disclosure [Abstract]

Inventories

Inventories:

The components of inventories are as follows (in millions):



	As of December 31,
	2014			2013
Finished goods	$	338.2		$	251.4
Work in process	8.1			11.8
Raw materials and parts	182.6			188.9
Total	528.9			452.1
Excess of current cost over last-in, first-out cost	(65.6		)	(73.3		)
Total inventories, net	$	463.3		$	378.8

The Company recorded pre-tax loss of $0.9 million in 2014, pre-tax income of 0.3 million in 2013 and pre-tax loss of $0.1 million in 2012 from LIFO inventory liquidations.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets:

Goodwill

The changes in the carrying amount of goodwill in 2014 and 2013, in total and by segment, are summarized in the table below (in millions):



Segment:	Balance at December 31, 2012 ⁽²⁾		Acquisitions / (Dispositions)		Other⁽¹⁾			Balance at December 31, 2013		Acquisitions / (Dispositions)		Other⁽¹⁾			Balance at December 31, 2014
Residential Heating & Cooling	$	26.1	$	—	$	—		$	26.1	$	—	$	—		$	26.1
Commercial Heating & Cooling	63.8		—		0.8			64.6		—		(2.3		)	62.3
Refrigeration	133.9		—		(7.8		)	126.1		—		(5.1		)	121.0
	$	223.8	$	—	$	(7.0	)	$	216.8	$	—	$	(7.4	)	$	209.4

⁽¹⁾ Other consists of changes in foreign currency translation rates.

⁽²⁾ The goodwill balances in the table above are presented net of accumulated impairment charges of $15.7 million, all of which relate to impairments in periods prior to 2012.

We reviewed our reporting unit structure as part of our annual goodwill impairment testing. We identified several components one level below our operating segments which were determined to be reporting units. We then performed our analysis to determine the proper aggregation of our reporting units, which considered similar economic and other characteristics, including product types, gross profits, production processes, customer types, distribution processes, and regulatory environments. Our analysis incorporated qualitative and quantitative measures to evaluate economic similarity and concluded that our reporting units continue to be equivalent to our operating segments.

A qualitative review of impairment indicators was performed in 2014 for the Residential Heating & Cooling and the Commercial Heating & Cooling segments, and we determined that it was not more likely than not the fair values of our reporting units, individually or collectively, were less than their carrying values. Accordingly, a quantitative impairment analysis was not performed for these segments. Due to the softening of the North American supermarket and Australian wholesale businesses, a quantitative impairment analysis was performed for the Refrigeration segment using the discounted cash flow approach. The Refrigeration segment was not at risk of failing step one of the quantitative impairment test, and no impairments were recognized as part of the annual test. No other indicators of impairment were identified from the date of our annual impairment test through December 31, 2014. Also, we did not record any goodwill impairments related to continuing operations in 2012 or 2013. Refer to Note 17 for information on goodwill related to discontinued operations.

Intangible Assets

As of December 31, 2014 and 2013, there were $9.4 million of indefinite-lived intangible assets recorded in Other assets, net in the accompanying Consolidated Balance Sheets. These intangible assets consisted primarily of trademarks and are not subject to amortization.

Identifiable intangible and other assets subject to amortization were recorded in Other assets, net in the accompanying Consolidated Balance Sheets and were comprised of the following (in millions):



	As of December 31,
	2014							2013
	Gross Amount		Accumulated Amortization			Net Amount		Gross Amount		Accumulated Amortization			Net Amount
Deferred financing costs	$	5.4	$	(1.5	)	$	3.9	$	5.0	$	(2.3	)	$	2.7
Customer relationships	42.6		(23.1		)	19.5		42.6		(20.6		)	22.0
Patents and others	12.0		(7.6		)	4.4		10.3		(7.2		)	3.1
Total	$	60.0	$	(32.2	)	$	27.8	$	57.9	$	(30.1	)	$	27.8

Amortization expense related to these intangible and other assets was as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Amortization expense	$	3.9	$	3.9	$	3.8

Estimated amortization expense for the next five years and thereafter is as follows (in millions):



Estimated Future Amortization Expense:
2015	$	3.8
2016	3.7
2017	3.5
2018	3.4
2019	3.2
Thereafter	10.2

We did not have any impairments of intangible assets related to continuing operations in 2014, 2013, or 2012. See Note 17 for information on impairments of intangible assets related to discontinued operations.

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment

Property, Plant and Equipment:

Components of Property, plant and equipment, net were as follows (in millions):



	As of December 31,
	2014			2013
Land	$	38.3		$	39.5
Buildings and improvements	215.0			202.5
Machinery and equipment	681.8			634.0
Capital leases	27.0			25.2
Construction in progress and equipment not yet in service	50.6			51.6
Total	1,012.7			952.8
Less accumulated depreciation	(654.1		)	(617.3		)
Property, plant and equipment, net	$	358.6		$	335.5

No impairment charges were recorded in 2014, 2013 or 2012.

Joint Ventures and Other Equity Investments

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Joint Ventures and Other Equity Investments

Joint Ventures and Other Equity Investments:

We participate in two joint ventures, the largest located in the U.S. and the other in Mexico, that are engaged in the manufacture and sale of compressors, unit coolers and condensing units. We exert significant influence over these affiliates based upon our respective 25% and 50% ownerships, but do not control them due to venture partner participation. Accordingly, these joint ventures have been accounted for under the equity method and their financial position and results of operations are not consolidated.

The combined balance of equity method investments included in Other assets, net totaled (in millions):



	As of December 31,
	2014		2013
Equity method investments	$	30.9	$	28.0

We purchase compressors from our U.S. joint venture for use in certain of our products. The amounts of purchases included in Cost of goods sold in the Consolidated Statements of Operations were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Purchases of compressors from joint venture	$	114.7	$	96.7	$	90.4

Accrued Expenses (Notes)

12 Months Ended

Dec. 31, 2014

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses:

The significant components of Accrued expenses are presented below (in millions):



	As of December 31,
	2014		2013
Accrued compensation and benefits	$	73.3	$	85.7
Self insurance reserves	13.0		13.4
Deferred income	11.6		9.8
Accrued warranties	27.3		28.7
Accrued product quality reserves	4.2		3.4
Accrued Sales, Use and VAT taxes	8.7		7.1
Accrued rebates and promotions	45.4		37.0
Derivative contracts	7.4		1.5
Other	48.1		45.5
Total Accrued expenses	$	239.0	$	232.1

Derivatives

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

Derivatives:

Objectives and Strategies for Using Derivative Instruments

Commodity Price Risk. We utilize a cash flow hedging program to mitigate our exposure to volatility in the prices of metal commodities used in our production processes. Our hedging program includes the use of futures contracts to lock in prices, and as a result, we are subject to derivative losses should the metal commodity prices decrease and gains should the prices increase. We utilize a dollar cost averaging strategy so that a higher percentage of commodity price exposures are hedged near-term with lower percentages hedged at future dates. This strategy allows for protection against near-term price volatility while allowing us to adjust to market price movements over time.

Interest Rate Risk. A portion of our debt bears interest at variable interest rates, and as a result, we are subject to variability in the cash paid for interest. To mitigate a portion of that risk, we may choose to engage in an interest rate swap hedging strategy to eliminate the variability of interest payment cash flows. Prior to 2013, we used an interest rate swap hedge to fix the interest payments associated with the first $100 million of the total variable-rate debt outstanding under our revolving credit facility tied to changes in the benchmark interest rate. The variable portion of the interest rate swap was tied to the 1-Month LIBOR (the benchmark interest rate). On a monthly basis, the interest rates for both the interest rate swap and the underlying debt were reset, the swap was settled with the counterparty, and the interest was paid. The interest rate swap was classified as a cash flow hedge and it expired on October 12, 2012. Subsequently, we have not hedged against interest rate risk.

Foreign Currency Risk. Foreign currency exchange rate movements create a degree of risk by affecting the U.S. dollar value of assets and liabilities arising in foreign currencies. We seek to mitigate the impact of currency exchange rate movements on certain short-term transactions by periodically entering into foreign currency forward contracts. These forward contracts are not designated as hedges and generally expire during the quarter that we enter into them. By entering into forward contracts, we lock in exchange rates that would otherwise cause losses should the U.S. dollar appreciate and gains should the U.S. dollar depreciate.

Cash Flow Hedges

We have commodity futures contracts designated as cash flows hedges that are scheduled to mature through June 2016. Unrealized gains or losses from our cash flow hedges are included in accumulated other comprehensive income (“AOCI”) and are expected to be reclassified into earnings within the next 18 months based on the prices of the commodities at the settlement dates.

We recorded the following amounts related to our cash flow hedges in AOCI (in millions):



	As of December 31,
	2014			2013
Unrealized losses on unsettled contracts	$	7.2		$	0.8
Income tax expense (benefit)	(2.6		)	(0.2		)
Losses included in AOCI, net of tax ⁽¹⁾	$	4.6		$	0.6

⁽¹⁾ Assuming commodity prices remain constant, we expect to reclassify $4.2 million of derivative losses into earnings within the next 12 months.

We had the following outstanding commodity futures contracts designated as cash flow hedges (in millions of pounds):



	As of December 31,
	2014	2013
Copper	29.4	22.9

Derivatives not Designated as Cash Flow Hedges

For commodity derivatives not designated as cash flow hedges, we follow the same hedging strategy as derivatives designated as cash flow hedges, except that we elect not to designate them as cash flow hedges at the inception of the arrangement. We had

the following outstanding commodity futures contracts not designated as cash flow hedges (in millions of pounds):



	As of December 31,
	2014	2013
Copper	2.9	2.0
Aluminum	2.2	2.7

We had the following outstanding foreign currency forward contracts not designated as cash flow hedges (in millions):



	As of December 31,
	2014	2013
Notional amounts (in local currency):
Brazilian Real	8.7	1.2
Mexican Peso	229.7	130.0
United States Dollar	4.5	—
Euro	3.6	—
British Pound	—	3.4
Russian Ruble	80.8	—
Indian Rupee	—	28.0
Polish Zloty	30.6	32.6

Information About the Locations and Amounts of Derivative Instruments

The following tables provide the locations and amounts of derivative fair values in the Consolidated Balance Sheets and derivative gains and losses in the Consolidated Statements of Operations (in millions):



	Fair Values of Derivative Instruments as of December 31 ⁽¹⁾
	Derivatives Designated as Hedging Instruments				Derivatives Not Designated as Hedging Instruments
	2014		2013		2014		2013
Current Assets:
Other assets
Commodity futures contracts	$	—	$	0.1	$	—	$	—
Foreign currency forward contracts	—		—		0.3		0.1
Non-Current Assets:
Other assets, net
Commodity futures contracts	—		0.3		—		—
Total Assets	$	—	$	0.4	$	0.3	$	0.1
Current Liabilities:
Accrued expenses
Commodity futures contracts	$	6.7	$	1.2	$	0.7	$	0.3
Foreign currency forward contracts	—		—		—		—
Non-Current Liabilities:
Other liabilities
Commodity futures contracts	0.5		—		0.1		—
Total Liabilities	$	7.2	$	1.2	$	0.8	$	0.3

⁽¹⁾ All derivative instruments are classified as Level 2 within the fair value hierarchy. See Note 20 for more information on fair value measurements.



Derivatives in Cash Flow Hedging Relationships
	For the Years Ended December 31,
	2014		2013		2012
Amount of Loss (Gain) Reclassified from AOCI into Income (Effective Portion):
Commodity futures contracts ⁽¹⁾	$	5.8	$	4.2	$	6.0
Interest rate swap ⁽²⁾	—		—		1.9
	$	5.8	$	4.2	$	7.9
Amount of (Gain) Loss Recognized in Income on Derivatives (Ineffective Portion):
Commodity futures contracts ⁽³⁾	$	0.1	$	0.2	$	(0.1	)



Derivatives Not Designated as Hedging Instruments
	For the Years Ended December 31,
	2014			2013		2012
Amount of Loss (Gain) Recognized in Income on Derivatives:
Commodity futures contracts ⁽³⁾	$	1.2		$	1.2	$	(0.5	)
Foreign currency forward contracts ⁽³⁾	(0.8		)	0.1		0.4
	$	0.4		$	1.3	$	(0.1	)

⁽¹⁾ The loss (gain) was recorded in Cost of goods sold in the accompanying Consolidated Statements of Operations.

⁽²⁾ The loss was recorded in Interest expense, net in the accompanying Consolidated Statements of Operations.

⁽³⁾ The loss (gain) was recorded in Losses and other expenses, net in the accompanying Consolidated Statements of Operations.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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Commitments and Contingencies Disclosure [Abstract]

Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes:

Our Provision for income taxes from continuing operations consisted of the following (in millions):



	For the Years Ended December 31,
	2014		2013			2012
Current:
Federal	$	84.3	$	71.9		$	47.5
State	10.1		8.5			7.3
Foreign	9.6		16.2			13.4
Total current	104.0		96.6			68.2
Deferred:
Federal	2.3		(4.0		)	0.7
State	1.0		2.5			(0.2		)
Foreign	2.2		(0.7		)	(2.0		)
Total deferred	5.5		(2.2		)	(1.5		)
Total provision for income taxes	$	109.5	$	94.4		$	66.7

Income from continuing operations before income taxes was comprised of the following (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Domestic	$	283.7	$	231.1	$	169.9
Foreign	33.9		43.2		31.8
Total	$	317.6	$	274.3	$	201.7

The difference between the income tax provision from continuing operations computed at the statutory federal income tax rate and the financial statement Provision for income taxes is summarized as follows (in millions):



	For the Years Ended December 31,
	2014			2013			2012
Provision at the U.S. statutory rate of 35%	$	111.2		$	96.0		$	70.6
Increase (reduction) in tax expense resulting from:
State income tax, net of federal income tax benefit	8.8			7.1			5.9
Other permanent items	(8.2		)	(6.4		)	(3.1		)
Research tax credit	—			(0.5		)	—
Change in unrecognized tax benefits	0.2			0.7			(5.1		)
Change in valuation allowance	0.2			0.7			2.3
Foreign taxes at rates other than 35% and miscellaneous other	(2.7		)	(3.2		)	(3.9		)
Total provision for income taxes	$	109.5		$	94.4		$	66.7

Deferred income taxes reflect the tax consequences on future years of temporary differences between the tax basis of assets and liabilities and their financial reporting basis and are reflected as current or non-current depending on the classification of the asset or liability generating the deferred tax. The deferred tax provision for the periods shown represents the effect of changes in the amounts of temporary differences during those periods.

Deferred tax assets (liabilities) were comprised of the following (in millions):



	As of December 31,
	2014			2013
Gross deferred tax assets:
Warranties	$	30.9		$	29.3
Loss carryforwards (foreign, U.S. and state)	23.6			28.2
Post-retirement and pension benefits	50.7			28.3
Inventory reserves	4.4			4.8
Receivables allowance	4.9			5.1
Compensation liabilities	19.6			22.6
Deferred income	1.0			0.9
Insurance liabilities	15.8			18.1
Legal reserves	11.1			10.7
Hedges	2.8			0.6
State credits, net of federal effect	8.8			8.7
Other	9.2			7.7
Total deferred tax assets	182.8			165.0
Valuation allowance	(21.2		)	(21.2		)
Total deferred tax assets, net of valuation allowance	161.6			143.8
Gross deferred tax liabilities:
Depreciation	(10.8		)	(12.4		)
Intangibles	(11.0		)	(8.7		)
Other	(9.9		)	(9.7		)
Total deferred tax liabilities	(31.7		)	(30.8		)
Net deferred tax assets	$	129.9		$	113.0

As of December 31, 2014 and 2013, we had $3.8 million and $5.0 million in tax-effected state net operating loss carryforwards, respectively, and $18.5 million and $21.8 million in tax-effected foreign net operating loss carryforwards, respectively. The state and foreign net operating loss carryforwards began expiring in 2014. The deferred tax asset valuation allowance relates primarily to the operating loss carryforwards in various states in the U.S., European and Asian tax jurisdictions. The remainder of the valuation allowance relates to state tax credits which began to expire in 2014.

In assessing whether a deferred tax asset will be realized, we consider whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. We consider the reversal of existing taxable temporary differences, projected future taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, we believe it is more likely than not we will realize the benefits of these deductible differences, net of the existing valuation allowances, as of December 31, 2014.

To realize the net deferred tax asset, we will need to generate future foreign taxable income of approximately $71.2 million during the periods in which those temporary differences become deductible. We do not need to generate additional U.S. federal income as we have sufficient carryback capacity to fully realize the federal deferred tax asset. U.S. taxable income for the years ended December 31, 2014 and 2013 was $201.6 million and $198.7 million, respectively.

No provision was made for income taxes which may become payable upon distribution of our foreign subsidiaries' earnings. These earnings were approximately $122.2 million as of December 31, 2014. It is not practicable to estimate the amount of tax that might be payable because our intent is to permanently reinvest these earnings or to repatriate earnings when it is tax effective to do so.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):



Balance as of December 31, 2012	$	1.0
Increases related to prior year tax positions	0.7
Decreases related to prior year tax positions	(0.1		)
Increases related to current year tax positions	0.1
Balance as of December 31, 2013	1.7
Increases related to prior year tax positions	0.7
Decreases related to prior year tax positions	(0.7		)
Increases related to current year tax positions	—
Settlement	$	(0.1	)
Balance as of December 31, 2014	$	1.6

Included in the balance of unrecognized tax benefits as of December 31, 2014 are potential benefits of $1.2 million that, if recognized, would affect the effective tax rate on income from continuing operations. As of December 31, 2014, we recognized $0.2 million (net of federal tax benefits) in interest and penalties in income tax expense.

We are currently under examination for our U.S. federal income taxes for 2014 and 2013 and are subject to examination by numerous other taxing authorities in the U.S. and in jurisdictions such as Australia, Belgium, France, Canada, and Germany. We are generally no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by taxing authorities for years before 2009.

Since January 1, 2013, numerous states, including New Mexico, North Carolina, North Dakota, Minnesota, Oregon, Texas and West Virginia enacted legislation effective for tax years beginning on or after January 1, 2013, including changes to rates and apportionment methods. The impact of these changes is immaterial.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies

Commitments and Contingencies:

Leases

We lease certain real and personal property under non-cancelable operating leases. Some of our lease agreements contain rent escalation clauses (including index-based escalations), rent holidays, capital improvement funding or other lease concessions. We recognize our minimum rental expense on a straight-line basis. We amortize this expense over the term of the lease beginning with the date of initial possession, which is the date we enter the leased space and begin to make improvements in preparation for its intended use.

Future annual minimum lease payments and capital lease commitments as of December 31, 2014 were as follows (in millions):



	Operating Leases		Capital Leases
2015	$	37.8	$	1.5
2016	29.4		0.8
2017	24.0		0.5
2018	18.5		0.3
2019	12.1		0.1
Thereafter	19.7		14.3
Total minimum lease payments	$	141.5	17.5
Less amount representing interest			(0.5		)
Present value of minimum payments			$	17.0

On March 22, 2013, we entered into an agreement with a financial institution to renew the lease of our corporate headquarters in Richardson, Texas for a term of approximately six years through March 1, 2019 (the “Lake Park Renewal”). The leased property consists of an office building of approximately 192,000 square feet, land and related improvements. During the lease term, the Lake Park Renewal requires us to pay base rent in quarterly installments, payable in arrears. At the end of the lease term, we must do one of the following: (i) purchase the property for $41.2 million; (ii) vacate the property and return it in good condition; (iii) arrange for the sale of the leased property to a third party; or (iv) renew the lease under mutually agreeable terms. If we elect to sell the property to a third party and the sales proceeds are less than the lease balance, we must pay any such deficit to the financial institution. Any such deficit payment cannot exceed 86% of the lease balance. The Lake Park Renewal is classified as an operating lease and its future annual minimum lease payments are included in the table above.

Our obligations under the Lake Park Lease are secured by a pledge of our interest in the leased property. The Lake Park Renewal contains customary lease covenants and events of default as well as events of default if (i) indebtedness of $75 million or more is not paid when due, (ii) there is a change of control or (iii) we fail to comply with certain covenants incorporated from our Fifth Amended and Restated Credit Facility Agreement. We were in compliance with these financial covenants as of December 31, 2014.

Environmental

Environmental laws and regulations in the locations we operate can potentially impose obligations to remediate hazardous substances at our properties, properties formerly owned or operated by us, and facilities to which we have sent or send waste for treatment or disposal. We are aware of contamination at some facilities, however, we do not believe that any future remediation related to those facilities will be material to our results of operations. Total environmental accruals are included in the following captions on the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2014		2013
Accrued expenses	$	1.7	$	1.4
Other liabilities	4.5		3.8
Total environmental accruals	$	6.2	$	5.2

Future environmental costs are estimates and may be subject to change due to changes in environmental remediation regulations, technology or site-specific requirements.

Product Warranties and Product Related Contingencies

We incur the risk of liability for claims related to the installation and service of heating and air conditioning products, and we maintain liabilities for those claims that we self-insure. We are involved in various claims and lawsuits related to our products. Our product liability insurance policies have limits that, if exceeded, may result in substantial costs that could have an adverse effect on our results of operations. In addition, warranty claims and certain product liability claims are not covered by our product liability insurance.

Total product warranty liabilities related to continuing operations are included in the following captions on the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2014		2013
Accrued expenses	$	27.3	$	28.7
Other liabilities	59.9		52.9
Total product warranty liabilities	$	87.2	$	81.6

The changes in product warranty liabilities related to continuing operations for the years ended December 31, 2014 and 2013 were as follows (in millions):



Total warranty liability as of December 31, 2012	$	71.9
Payments made in 2013	(21.3		)
Changes resulting from issuance of new warranties	29.6
Changes in estimates associated with pre-existing liabilities	1.6
Changes in foreign currency translation rates and other	(0.2		)
Total warranty liability as of December 31, 2013	$	81.6
Payments made in 2014	(23.1		)
Changes resulting from issuance of new warranties	33.4
Changes in estimates associated with pre-existing liabilities	(3.5		)
Changes in foreign currency translation rates and other	(1.2		)
Total warranty liability as of December 31, 2014	$	87.2

We have incurred, and will likely continue to incur, product costs not covered by insurance or our suppliers’ warranties. Also, to satisfy our customers and protect our brands, we have repaired or replaced installed products experiencing quality-related issues, and will likely continue such repairs and replacements. We currently estimate our probable liability for a supplier quality issue within a range of $2.2 million and $6 million; accordingly, we accrued, as of December 31, 2014, a $2.2 million liability in Accrued Expenses on the Consolidated Balance Sheet because all amounts in that range were equally likely. The supplier has agreed to reimburse our costs related to this liability; accordingly, we also recorded, as of December 31, 2014, a receivable of $2.2 million in Other Assets on the Consolidated Balance Sheet. If additional costs are incurred, we expect the supplier will also reimburse those costs. The $2.2 million accrual is not included in the estimated warranty liabilities tables immediately above.

Self Insurance

We use a combination of third-party insurance and self-insurance plans to provide protection against claims relating to workers' compensation/employers' liability, general liability, product liability, auto liability, auto physical damage and other exposures. We use large deductible insurance plans, written through third-party insurance providers, for workers' compensation/employers' liability, general liability, product liability and auto liability. We also carry umbrella or excess liability insurance for all third-party and self-insurance plans, except for directors' and officers' liability, property damage and certain other insurance programs. For directors' and officers' liability, property damage and certain other exposures, we use third-party insurance plans that may include per occurrence and annual aggregate limits. We believe the deductibles and liability limits for all of our insurance policies are appropriate for our business and are adequate for companies of our size in our industry.

We maintain safety and manufacturing programs that are designed to remove risk, improve the effectiveness of our business processes and reduce the likelihood and significance of our various retained and insured risks. In recent years, our actual claims experience has collectively trended favorably and, as a result, both self-insurance expense and the related liability have decreased.

Total self-insurance liabilities were included in the following captions on the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2014		2013
Accrued expenses	$	13.0	$	13.4
Other liabilities	25.8		32.0
Total self-insurance liabilities	$	38.8	$	45.4

Litigation

We are involved in a number of claims and lawsuits incident to the operation of our businesses. Insurance coverages are maintained and estimated costs are recorded for such claims and lawsuits, including costs to settle claims and lawsuits, based on experience involving similar matters and specific facts known.

Some of these claims and lawsuits allege personal injury or health problems resulting from exposure to asbestos that was integrated into certain of our products. We have never manufactured asbestos and have not incorporated asbestos-containing components into our products for several decades. A substantial majority of asbestos-related claims have been covered by insurance or other forms of indemnity or have been dismissed without payment. The remainder of our closed cases have been resolved for amounts that are not material, individually or in the aggregate. Our defense costs for asbestos-related claims are generally covered by insurance; however, our insurance coverage for settlements and judgments for asbestos-related claims vary depending on several factors, and are subject to policy limits, so we may have greater financial exposure for future settlements and judgments. For the years ended December 31, 2014 and 2013, we recorded expense of $0.9 million and $6.3 million, respectively, net of probable insurance recoveries, for known and future asbestos-related litigation.

We are the defendant in an attempted class action lawsuit which alleges that evaporator coils in our residential air conditioning products are susceptible to a type of corrosion that can result in coil leaks, and asserts claims for relief. We dispute the allegations in the lawsuit. The outcome related to this action is uncertain but we do not expect this lawsuit to have a material adverse effect on our financial condition or results of operations.

It is management's opinion that none of these claims or lawsuits or any threatened litigation will have a material adverse effect on our financial condition, results of operations or cash flows. Claims and lawsuits, however, involve uncertainties and it is possible that their eventual outcome could adversely affect our results of operations in a future period.

Lines of Credit and Financing Arrangements

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Lines of Credit and Financing Arrangements

Lines of Credit and Financing Arrangements:

The following tables summarize our outstanding debt obligations and the classification in the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2014		2013
Short-Term Debt:
Asset Securitization Program	$	220.0	$	160.0
Foreign obligations	6.6		5.9
Total short-term debt	$	226.6	$	165.9
Current maturities of long-term debt:
Capital lease obligations	$	1.5	$	1.3
Domestic credit facility	$	22.5	$	—
Long-Term Debt:
Capital lease obligations	$	15.5	$	16.2
Domestic credit facility	459.5		17.0
Senior unsecured notes	200.0		200.0
Total long-term debt	$	675.0	$	233.2
Total debt	$	925.6	$	400.4

As of December 31, 2014, the aggregate amounts of required principal payments on total debt were as follows (in millions):



2015	$	250.6
2016	31.2
2017	230.0
2018	32.6
2019	369.5
Thereafter	11.7

Short-Term Debt

Short Term Facility

On October 20, 2014, Lennox International Inc. (the “Company”) entered into a short term loan agreement (the “Short-Term Facility”) with JPMorgan Chase Bank, N.A., as administrative agent, and Morgan Stanley Bank, N.A. and the other lenders named therein, to borrow $250.0 million. The Short-Term Facility had a maturity date of March 31, 2015, but was prepaid in full without penalty in November 2014. The term loan bore interest at a variable base rate or a variable rate based on the London interbank offered rate, at the Company’s election, plus a spread.

Foreign Obligations

Through several of our foreign subsidiaries, we have available to us facilities to assist in financing seasonal borrowing needs for our foreign locations. We had $6.6 million and $5.9 million of foreign obligations as of December 31, 2014 and 2013, respectively, that were primarily borrowings under non-committed facilities. Proceeds on these facilities were $18.1 million, $18.3 million and $18.5 million during the years ended December 31, 2014, 2013 and 2012, respectively. Repayments on the facilities were $16.6 million, $16.3 million and $18.3 million during the years ended December 31, 2014, 2013 and 2012, respectively.

Asset Securitization Program

Under the Asset Securitization Program (“ASP”), we are eligible to sell beneficial interests in a portion of our trade accounts receivable to participating financial institutions for cash. The ASP is subject to annual renewal and contains a provision whereby we retain the right to repurchase all of the outstanding beneficial interests transferred. Our continued involvement with the transferred assets includes servicing, collection and administration of the transferred beneficial interests. The accounts receivable securitized under the ASP are high-quality domestic customer accounts that have not aged significantly. The receivables represented by the retained interest that we service are exposed to the risk of loss for any uncollectible amounts in the pool of receivables sold under the ASP. The fair values assigned to the retained and transferred interests are based on the sold accounts receivable carrying value given the short term to maturity and low credit risk. The sale of the beneficial interests in our trade accounts receivable are reflected as secured borrowings in the accompanying Consolidated Balance Sheets and proceeds received are included in cash flows from financing activities in the accompanying Consolidated Statements of Cash Flows.

In November 2014, we amended the ASP, extending its term to November 13, 2015 and increasing the maximum securitization amount from a range of $160.0 million to $220.0 million to a range of $180.0 million to $220.0 million, depending on the period. The maximum capacity under the ASP is the lesser of the maximum securitization amount or 100% of the net pool balance less reserves, as defined by the ASP. Eligibility for securitization is limited based on the amount and quality of the qualifying accounts receivable and is calculated monthly. The eligible amounts available and beneficial interests sold were as follows (in millions):



	As of December 31,
	2014		2013
Eligible amount available under the ASP on qualified accounts receivable	$	220.0	$	160.0
Beneficial interest sold	220.0		160.0
Remaining amount available	$	—	$	—

We pay certain discount fees to use the ASP and to have the facility available to us. These fees relate to both the used and unused portions of the securitization. The used fee is based on the beneficial interest sold and calculated on either the average LIBOR rate or floating commercial paper rate determined by the purchaser of the beneficial interest, plus a program fee of 0.60%. The average rates as of December 31, 2014 and 2013 were 0.79% and 0.78%, respectively. The unused fee is based on 101% of the maximum available amount less the beneficial interest sold and calculated at a 0.30% fixed rate throughout the term of the agreement. In addition, a 0.05% unused fee is charged on incremental available amounts above $180.0 million during certain months of the year. We recorded these fees in Interest expense, net in the accompanying Consolidated Statements of Operations.

The ASP contains certain restrictive covenants relating to the quality of our accounts receivable and cross-default provisions with our Fifth Amended and Restated Credit Facility Agreement ("Domestic Credit Facility"), senior unsecured notes and any other indebtedness we may have over $75.0 million. The administrative agent under the ASP is also a participant in our Domestic Credit Facility. The participating financial institutions have investment grade credit ratings. We continue to evaluate their credit ratings and have no reason to believe they will not perform under the ASP. As of December 31, 2014, we were in compliance with all covenant requirements.

Long-Term Debt

Domestic Credit Facility

On November 13, 2014, we replaced our $650 million Domestic Revolving Credit Facility with a $950 million Domestic Credit Facility, which consists of a $650 million revolving credit facility and a $300 million term loan and matures in November 2019. Under our $950 million Domestic Credit Facility, we had outstanding borrowings of $482.0 million as well as 27.2 million committed to standby letters of credit as of December 31, 2014. Subject to covenant limitations, $440.8 million was available for future borrowings. The unsecured $300 million term loan also matures on the Maturity Date and requires quarterly principal repayments of $7.5 million beginning on June 30, 2015. The revolving credit facility allows up to $150 million of letters of credit to be issued and also includes a subfacility for swingline loans of up to $65 million. Additionally, at our request and subject to certain conditions, the commitments under the Domestic Credit Facility may be increased by a maximum of $350 million as long as existing or new lenders agree to provide such additional commitments.

Our weighted average borrowing rate on the facility was as follows:



	As of December 31,
	2014		2013
Weighted average borrowing rate	1.88	%	1.17	%

Our Domestic Credit Facility is guaranteed by certain of our subsidiaries and contains financial covenants relating to leverage and interest coverage. Other covenants contained in the Domestic Credit Facility restrict, among other things, certain mergers, asset dispositions, guarantees, debt, liens, and affiliate transactions. The financial covenants require us to maintain a defined Consolidated Indebtedness to Adjusted EBITDA Ratio and a Cash Flow (defined as EBITDA minus capital expenditures) to Net Interest Expense Ratio. The required ratios under our Domestic Credit Facility are detailed below:



Consolidated Indebtedness to Adjusted EBITDA Ratio no greater than	3.5 : 1.0
Cash Flow to Net Interest Expense Ratio no less than	3.0 : 1.0

Our Domestic Credit Facility contains customary events of default. These events of default include nonpayment of principal or interest, breach of covenants or other restrictions or requirements, default on certain other indebtedness or receivables securitizations (cross default), and bankruptcy. A cross default under our Domestic Credit Facility could occur if:


•	We fail to pay any principal or interest when due on any other indebtedness or receivables securitization of at least $75.0 million; or


•	We are in default in the performance of, or compliance with any term of any other indebtedness or receivables securitization in an aggregate principal amount of at least $75.0 million or any other condition exists which would give the holders the right to declare such indebtedness due and payable prior to its stated maturity.

Each of our major debt agreements contains provisions by which a default under one agreement causes a default in the others (a cross default). If a cross default under the Domestic Credit Facility, our senior unsecured notes, the Lake Park Renewal or our ASP were to occur, it could have a wider impact on our liquidity than might otherwise occur from a default of a single debt instrument or lease commitment.

If any event of default occurs and is continuing, lenders with a majority of the aggregate commitments may require the administrative agent to terminate our right to borrow under our Domestic Credit Facility and accelerate amounts due under our Domestic Credit Facility (except for a bankruptcy event of default, in which case such amounts will automatically become due and payable and the lenders’ commitments will automatically terminate). As of December 31, 2014, we were in compliance with all covenant requirements.

Senior Unsecured Notes

We issued $200.0 million of senior unsecured notes in May 2010 through a public offering. Interest is paid semiannually on May 15 and November 15 at a fixed interest rate of 4.90% per annum. These notes mature on May 15, 2017. The notes are guaranteed, on a senior unsecured basis, by each of our domestic subsidiaries that guarantee payment by us of any indebtedness under our Domestic Credit Facility. The indenture governing the notes contains covenants that, among other things, limit our ability and the ability of the subsidiary guarantors to: create or incur certain liens; enter into certain sale and leaseback transactions; enter into certain mergers, consolidations and transfers of substantially all of our assets; and transfer certain properties. The indenture also contains a cross default provision which is triggered if we default on other debt of at least $75 million in principal which is then accelerated, and such acceleration is not rescinded within 30 days of the notice date. As of December 31, 2014, we were in compliance with all covenant requirements.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans:

Over the past several years, we have frozen many of our defined benefit pension and profit sharing plans and replaced them with defined contribution plans. We have a liability for the benefits earned under these inactive plans prior to the date the benefits were frozen. Our defined contribution plans generally include both company and employee contributions which are based on predetermined percentages of compensation earned by the employee. We also have several active defined benefit plans that provide benefits based on years of service.

In addition to freezing the benefits of our defined benefit pension plans, we have also eliminated nearly all of our post-retirement medical benefits. In 2012, we amended the post-retirement benefit plan to shift pre-65 medical coverage for the employees of our largest manufacturing plant so that by 2015, retirees would pay 100% of the cost of post-retirement medical coverage. This change resulted in a significant reduction in the projected benefit obligation for post-retirement medical benefits in 2012.

Defined Contribution Plans

We recorded the following expenses related to our contributions to the defined contribution plans (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Contributions to defined contribution plans ⁽¹⁾	$	14.8	$	13.7	$	13.2

⁽¹⁾ Contributions of $0.4 million and $2.0 million were included in Loss from discontinued operations for the years ended December 31, 2013 and 2012, respectively. No contributions were included in Loss from discontinued operations in 2014.

Pension and Post-retirement Benefit Plans

The following tables set forth amounts recognized in our financial statements and the plans' funded status for our pension and post-retirement benefit plans (dollars in millions):



	Pension Benefits						Other Benefits
	2014			2013			2014			2013
Accumulated benefit obligation	$	439.6		$	367.3		N/A			N/A

Changes in projected benefit obligation:
Benefit obligation at beginning of year	$	374.6		$	413.9		$	6.0		$	7.6
Service cost	4.2			5.2			—			—
Interest cost	17.7			16.2			0.2			0.2
Plan participants' contributions	—			—			0.6			0.7
Amendments	—			—			—			—
Other	—			0.1			—			—
Actuarial (gain) loss	77.0			(39.4		)	0.6			—
Effect of exchange rates	(4.3		)	(0.7		)	—			—
Divestiture	—			—			—			—
Settlements and curtailments	(0.8		)	(1.6		)	—			—
Benefits paid	(21.9		)	(19.1		)	(2.0		)	(2.5		)
Benefit obligation at end of year	$	446.5		$	374.6		$	5.4		$	6.0

Changes in plan assets:
Fair value of plan assets at beginning of year	$	302.8		$	276.8		$	—		$	—
Actual gain return on plan assets	23.3			37.4			—			—
Employer contribution	14.5			9.9			1.4			1.8
Plan participants' contributions	—			—			0.6			0.7
Effect of exchange rates	(2.9		)	(0.6		)	—			—
Divestiture	—			—			—			—
Plan settlements	(0.8		)	(1.6		)	—			—
Benefits paid	(21.9		)	(19.1		)	(2.0		)	(2.5		)
Fair value of plan assets at end of year	315.0			302.8			—			—
Funded status / net amount recognized	$	(131.5	)	$	(71.8	)	$	(5.4	)	$	(6.0	)

Net amount recognized consists of:
Current liability	$	(1.6	)	$	(1.8	)	$	(0.9	)	$	(1.4	)
Non-current liability	(129.9		)	(70.0		)	(4.5		)	(4.6		)
Net amount recognized	$	(131.5	)	$	(71.8	)	$	(5.4	)	$	(6.0	)



	For the Years Ended December 31,
	2014		2013
Pension plans with a benefit obligation in excess of plan assets:
Projected benefit obligation	$	446.5	$	374.6
Accumulated benefit obligation	439.6		367.3
Fair value of plan assets	315.0		302.8

Our U.S.-based pension plans comprised approximately 88% of the projected benefit obligation and 87% of plan assets as of December 31, 2014.



	Pension Benefits									Other Benefits
	2014			2013			2012			2014			2013			2012
Components of net periodic benefit cost as of December 31:
Service cost	$	4.2		$	5.2		$	5.8		$	—		$	—		$	0.2
Interest cost	17.7			16.2			17.5			0.2			0.2			0.4
Expected return on plan assets	(22.7		)	(20.7		)	(19.0		)	—			—			—
Amortization of prior service cost	0.3			0.4			0.4			(3.1		)	(3.1		)	(2.7		)
Recognized actuarial loss	6.6			9.2			8.7			1.5			1.5			1.4
Settlements and curtailments	0.4			1.5			7.1			—			—			—
Net periodic benefit cost ⁽¹⁾	$	6.5		$	11.8		$	20.5		$	(1.4	)	$	(1.4	)	$	(0.7	)

⁽¹⁾ Pension expense of $0.2 million and $6.9 million was included in Loss for discontinued operations for the years ended December 31, 2013 and 2012, respectively. No pension expense was included in Loss from discontinued operations in 2014.

The following table sets forth amounts recognized in AOCI and Other comprehensive income (loss) in our financial statements for 2014 and 2013 (in millions):



	Pension Benefits						Other Benefits
	2014			2013			2014			2013
Amounts recognized in AOCI:
Prior service costs	$	(1.3	)	$	(1.7	)	$	18.1		$	21.1
Actuarial loss	(231.8		)	(164.4		)	(19.8		)	(20.7		)
Subtotal	(233.1		)	(166.1		)	(1.7		)	0.4
Deferred taxes	84.7			59.9			0.6			(0.2		)
Net amount recognized	$	(148.4	)	$	(106.2	)	$	(1.1	)	$	0.2
Changes recognized in other comprehensive income (loss):
Adjustment to OCI due to reclassification	$	—		$	—		$	—		$	—
Current year prior service costs	—			—			—			—
Current year actuarial (gain) loss	75.9			(56.1		)	0.6			—
Effect of exchange rates	(1.8		)	(0.6		)	—			—
Amortization of prior service (costs) credits	(0.3		)	(1.1		)	3.1			3.1
Amortization of actuarial loss	(7.0		)	(10.0		)	(1.5		)	(1.5		)
Total recognized in other comprehensive income	$	66.8		$	(67.8	)	$	2.2		$	1.6
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$	73.3		$	(56.0	)	$	0.8		$	0.2

The estimated prior service (costs) credits and actuarial losses that will be amortized from AOCI in 2014 are $(0.2) million and $(10.3) million, respectively, for pension benefits and $2.8 million and $(1.4) million, respectively, for other benefits.

The following tables set forth the weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the U.S.-based plans in 2014 and 2013:



	Pension Benefits				Other Benefits
	2014		2013		2014		2013
Weighted-average assumptions used to determine benefit obligations as of December 31:
Discount rate	4.04	%	4.88	%	3.23	%	3.57	%
Rate of compensation increase	4.23	%	4.23	%	—		—



	Pension Benefits						Other Benefits
	2014		2013		2012		2014		2013		2012
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate	4.88	%	3.97	%	4.83	%	3.57	%	2.72	%	4.64	%
Expected long-term return on plan assets	8.00	%	8.00	%	8.00	%	—		—		—
Rate of compensation increase	4.23	%	4.23	%	4.23	%	—		—		—

The following tables set forth the weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the non-U.S.-based plans in 2014 and 2013:



	Pension Benefits
	2014		2013
Weighted-average assumptions used to determine benefit obligations as of December 31:
Discount rate	3.45	%	4.38	%
Rate of compensation increase	3.66	%	3.31	%



	Pension Benefits
	2014		2013		2012
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate	4.38	%	4.12	%	4.93	%
Expected long-term return on plan assets	6.32	%	6.05	%	6.26	%
Rate of compensation increase	3.31	%	3.48	%	3.68	%

To develop the expected long-term rate of return on assets assumption for the U.S. plans, we considered the historical returns and the future expectations for returns for each asset category, as well as the target asset allocation of the pension portfolio and the effect of periodic balancing. These results were adjusted for the payment of reasonable expenses of the plan from plan assets. This resulted in the selection of the 8.0% long-term rate of return on assets assumption. A similar process was followed for the non-U.S.-based plans.

To select a discount rate for the purpose of valuing the plan obligations for the U.S. plans, we performed an analysis in which the duration of projected cash flows from defined benefit and retiree healthcare plans was matched with a yield curve based on the appropriate universe of high-quality corporate bonds that were available. We used the results of the yield curve analysis to select the discount rate that matched the duration and payment stream of the benefits in each plan. This resulted in the selection of the 4.94% discount rate assumption for the U.S. qualified pension plans, 4.30% for the U.S. non-qualified pension plans, and 3.23% for the other benefits. A similar process was followed for the non-U.S.-based plans.

Assumed health care cost trend rates have an effect on the amounts reported for our healthcare plan. The following table sets forth the healthcare trend rate assumptions used:



	2014		2013
Assumed health care cost trend rates as of December 31:
Health care cost trend rate assumed for next year	7.50	%	8.00	%
Rate to which the cost rate is assumed to decline (the ultimate trend rate)	5.00	%	5.00	%
Year that the rate reaches the ultimate trend rate	2020		2020

A one percentage-point change in assumed healthcare cost trend rates would have the following effects (in millions):



	1-Percentage-Point Increase		1-Percentage-Point Decrease
Effect on total of service and interest cost	$	—	$	—
Effect on the post-retirement benefit obligation	0.2		(0.2		)

Expected future benefit payments are shown in the table below (in millions):



	For the Years Ended December 31,
	2015		2016		2017		2018		2019		2020-2024
Pension benefits	$	18.0	$	18.3	$	18.9	$	19.5	$	20.0	$	124.9
Other benefits	0.9		0.7		0.6		0.6		0.5		1.7

Pension Plan Assets

We believe asset returns can be optimized at an acceptable level of risk by adequately diversifying the plan assets between equity and fixed income. In the first quarter of 2014, in order to increase diversification, we changed the targeted allocations for our plan assets. The target allocations for fixed income, money market, cash and guaranteed investment contracts investments increased from 40% to 58% while targeted equity investment allocations declined from 60% to 42%. We decreased our exposure to International equity from 24% to 17% of total assets and reduced our exposure to domestic equity from 36% to 25%. These categories are further diversified among various asset classes including high yield and emerging markets debt, and international and emerging markets equities in order to avoid significant concentrations of risk. Our U.S. pension plan represents 88%, our Canadian pension plan 6%, and our United Kingdom (“U.K.”) pension plan 6% of the total fair value of our plan assets as of December 31, 2014.

Our U.S. pension plans' weighted-average asset allocations as of December 31, 2014 and 2013, by asset category, are as follows:



	Plan Assets as of December 31,
Asset Category:	2014		2013
U.S. equity	28.3	%	37.8	%
International equity	17.1	%	26.7	%
Fixed income	52.6	%	33.8	%
Money market/cash	2.0	%	1.7	%
Total	100.0	%	100.0	%

U.S. pension plan assets are invested within the following range targets:



Asset Category:	Target
U.S. equity	25.0	%
International equity	17.0	%
Fixed income	56.0	%
Money market/cash/guaranteed investment contracts	2.0	%

Our Canadian pension plan was invested solely in a balanced fund that maintains diversification among various asset classes, including Canadian common stocks, bonds and money market securities, international equities and fixed income investments. Our U.K. pension plan was invested in a broad mix of assets consisting of U.K., international equities, and U.K. fixed income securities, including corporate and government bonds.

The fair values of our pension plan assets, by asset category, are as follows (in millions):



	Fair Value Measurements as of December 31, 2014
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total
Asset Category:
Cash and cash equivalents	5.8	—	—	5.8
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	—	78.0	—	78.0
International equity⁽²⁾	—	47.3	—	47.3
Fixed income⁽³⁾	—	145.4	—	145.4
Balanced pension trust:⁽⁴⁾
International equity	—	4.7	—	4.7
Fixed income	—	14.2	—	14.2
Pension fund:
International equity⁽⁵⁾	—	11.4	—	11.4
Fixed income⁽⁶⁾	—	8.2	—	8.2
Total	5.8	309.2	—	315.0



	Fair Value Measurements as of December 31, 2013
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total
Asset Category:
Cash and cash equivalents	8.2	—	—	8.2
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	—	100.1	—	100.1
International equity⁽²⁾	—	70.8	—	70.8
Fixed income⁽³⁾	—	89.4	—	89.4
Balanced pension trust:⁽⁴⁾
International equity	—	10.8	—	10.8
Fixed income	—	7.2	—	7.2
Pension fund:
International equity⁽⁵⁾	—	9.4	—	9.4
Fixed income⁽⁶⁾	—	6.9	—	6.9
Total	8.2	294.6	—	302.8

Additional information about assets measured at Net Asset Value (“NAV”) per share (in millions):



	As of December 31, 2014
	Fair Value		Redemption Frequency (if currently eligible)	Redemption Notice Period
Asset Category:
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	$	78.0	Daily	5 days
International equity⁽²⁾	47.3		Daily	5 days
Fixed income⁽³⁾	145.4		Daily	5-15 days
Balanced pension trust:⁽⁴⁾
International equity	4.7		Daily	3-5 days
Fixed income	14.2		Daily	3-5 days
Pension fund:
International equity⁽⁵⁾	11.4		Daily	1-7 days
Fixed income⁽⁶⁾	8.2		Daily	1-7 days
Total	$	309.2



	As of December 31, 2013
	Fair Value		Redemption Frequency (if currently eligible)	Redemption Notice Period
Asset Category:
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	$	100.1	Daily	5 days
International equity⁽²⁾	70.8		Daily	5 days
Fixed income⁽³⁾	89.4		Daily	5-15 days
Balanced pension trust:⁽⁴⁾
International equity	10.8		Daily	3-5 days
Fixed income	7.2		Daily	3-5 days
Pension fund:
International equity⁽⁵⁾	9.4		Daily	7 days
Fixed income⁽⁶⁾	6.9		Daily	7 days
Total	$	294.6



⁽¹⁾	This category includes investments primarily in U.S. equity securities that include large, mid and small capitalization companies.
⁽²⁾	This category includes investments primarily in international equity securities that include large, mid and small capitalization companies in large developed markets as well as emerging markets equities.
⁽³⁾	This category includes investments in U.S. investment grade and high yield fixed income securities, international fixed income securities and emerging markets fixed income securities.
⁽⁴⁾	The investment objectives of the fund are to provide long-term capital growth and income by investing primarily in a well-diversified, balanced portfolio of Canadian common stocks, bonds and money market securities. The fund also holds a portion of its assets in international equities.
⁽⁵⁾	This category includes investments in international equity securities and aims to provide returns consistent with the markets in which it invests and provide broad exposure to countries around the world.
⁽⁶⁾	This category includes investments in U.K. government index-linked securities (index-linked gilts) that have maturity periods of 5 years or longer and investment grade corporate bonds denominated in sterling.

The majority of our commingled pool/collective trusts, mutual funds, balanced pension trusts and pension funds are managed by professional investment advisors. The NAVs per share are furnished in monthly and/or quarterly statements received from the investment advisors and reflect valuations based upon their pricing policies. We assessed the fair value classification of these investments as Level 2 for commingled pool/collective trusts, balanced pension trusts and pension funds based on an examination of their pricing policies and the related controls and procedures. The fair values we report are based on the pool, trust or fund's NAV per share. The NAVs per share are calculated periodically (daily or no less than one time per month) as the aggregate value of each pool or trust's underlying assets divided by the number of units owned. See Note 20 for information about our fair value hierarchies and valuation techniques.

Comprehensive Income (Notes)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Comprehensive Income

Comprehensive Income:

The following table provides information on items not reclassified in their entirety from AOCI to Net Income in the accompanying Consolidated Statements of Operations (in millions):



	For the Years Ended December 31,
AOCI Component	2014			2013			Affected Line Item(s) in the Consolidated Statements of Operations
Losses on cash flow hedges:
Commodity derivative contracts	$	(5.8	)	$	(4.2	)	Cost of goods sold
Income tax benefit	2.0			1.5			Provision for income taxes
Net of tax	$	(3.8	)	$	(2.7	)

Defined Benefit Plan Items:
Pension and Post-Retirement Benefits costs	$	(6.9	)	$	(9.5	)	Cost of goods sold; Selling, general and administrative expenses
Income tax benefit	2.4			3.4			Provision for income taxes
Net of tax	$	(4.5	)	$	(6.1	)

Foreign currency translation adjustments:
Sale of foreign business ⁽¹⁾	$	—		$	41.1		Loss from discontinued operations

Total reclassifications from AOCI	$	(8.3	)	$	32.3

⁽¹⁾ The reclassification of foreign currency translation adjustments related to the sale of the Service Experts business in the first quarter of 2013. Refer to Note 17 for details.

The following tables provide information on changes in AOCI, by component (net of tax), for the years ended December 31, 2014 and 2013 (in millions):



	Gains (Losses) on Cash Flow Hedges			Unrealized Gains (Losses) on Available-for-Sale Securities		Defined Benefit Plan Items			Foreign Currency Translation Adjustments			Total AOCI
Balance as of December 31, 2013	$	(0.6	)	$	2.5	$	(106.0	)	$	43.0		$	(61.1	)
Other comprehensive (loss) income before reclassifications	(7.8		)	0.7		(47.9		)	(45.7		)	(100.7		)
Amounts reclassified from AOCI	3.8			—		4.5			—			8.3
Net other comprehensive (loss) income	(4.0		)	0.7		(43.4		)	(45.7		)	(92.4		)
Balance as of December 31, 2014	$	(4.6	)	$	3.2	$	(149.4	)	$	(2.7	)	$	(153.5	)



	Gains (Losses) on Cash Flow Hedges			Unrealized Gains (Losses) on Available-for-Sale Securities			Defined Benefit Plan Items			Foreign Currency Translation Adjustments			Total AOCI
Balance as of December 31, 2012	$	1.1		$	9.3		$	(147.5	)	$	114.8		$	(22.3	)
Other comprehensive (loss) income before reclassifications	(4.4		)	(6.8		)	35.4			(30.7		)	(6.5		)
Amounts reclassified from AOCI	2.7			—			6.1			(41.1		)	(32.3		)
Net other comprehensive (loss) income	(1.7		)	(6.8		)	41.5			(71.8		)	(38.8		)
Balance as of December 31, 2013	$	(0.6	)	$	2.5		$	(106.0	)	$	43.0		$	(61.1	)

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

12 Months Ended

Dec. 31, 2014

Stock-Based Compensation

Stock-Based Compensation:

Stock-Based compensation expense related to continuing operations was included in Selling, general and administrative expenses in the accompanying Consolidated Statements of Operations as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Compensation expense⁽¹⁾	$	23.3	$	29.3	$	15.2

⁽¹⁾ Stock-Based compensation expense was recorded in our Corporate and other business segment.

Incentive Plan

Under the Lennox International Inc. 2010 Incentive Plan, as amended and restated (the “2010 Incentive Plan”), we are authorized to issue awards for 24.3 million shares of common stock. The 2010 Incentive Plan provides for various long-term incentive awards, including performance share units, restricted stock units and stock appreciation rights. A description of these long-term incentive awards and related activity within each award category is provided below.

As of December 31, 2014, awards for 20.5 million shares of common stock had been granted, net of cancellations and repurchases, and there were 3.8 million shares available for future issuance.

Performance Share Units

Performance share units are granted to certain employees at the discretion of the Board of Directors with a three-year performance period beginning January 1^st of each year. Upon meeting the performance and vesting criteria, performance share units are converted to an equal number of shares of our common stock. Performance share units vest if, at the end of the three-year performance period, at least the threshold performance level has been attained. To the extent that the payout level attained is less than 100%, the difference between 100% and the units earned and distributed will be forfeited. Eligible participants may also earn additional units of our common stock, which would increase the potential payout up to 200% of the units granted, depending on LII's performance over the three-year performance period.

Performance share units are classified as equity awards. Compensation expense is recognized ratably over the service period and is based on the expected number of units to be earned and the fair value of the stock at the date of grant. The fair value of units is calculated as the average of the high and low market price of the stock on the date of grant discounted by the expected dividend rate over the service period. The number of units expected to be earned will be adjusted in future periods as necessary to reflect changes in the estimated number of award to be issued and, upon vesting, the actual number of units awarded. Our practice is to issue new shares of common stock or utilize treasury stock to satisfy performance share unit distributions.

The following table provides information on our performance share units:



	For the Years Ended December 31,
	2014			2013			2012
Compensation expense for performance share units (in millions)	$	11.5		$	17.1		$	5.7
Weighted-average fair value of grants, per share	$	88.26		$	78.00		$	48.64
Payout ratio for shares paid	153.2		%	86.9		%	52.5		%

A summary of the status of our undistributed performance share units as of December 31, 2014, and changes during the year then ended, is presented below (in millions, except per share data):



	Shares		Weighted- Average Grant Date Fair Value per Share
Undistributed performance share units as of December 31, 2013	0.7		$	47.83
Granted	0.1		88.26
Adjustments to shares paid based on payout ratio	0.2		31.78
Distributed	(0.2	)	44.85
Forfeited	—		—
Undistributed performance share units as of December 31, 2014 ⁽¹⁾	0.8		$	49.47

⁽¹⁾ Undistributed performance share units include approximately 0.4 million units with a weighted-average grant date fair value of $68.27 per share that had not yet vested and 0.4 million units that have vested but were not yet distributed.

As of December 31, 2014, we had $15.9 million of total unrecognized compensation cost related to non-vested performance share units that is expected to be recognized over a weighted-average period of 2.2 years. Our estimated forfeiture rate for these performance share units was 16.5% as of December 31, 2014.

The total fair value of performance share units distributed and the resulting tax deductions to realize tax benefits were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Fair value of performance share units distributed	$	19.6	$	9.9	$	6.0
Realized tax benefits from tax deductions	$	7.5	$	3.8	$	2.3

Restricted Stock Units

Restricted stock units are issued to attract and retain key employees. Generally, at the end of a three-year retention period, the units will vest and be distributed in shares of our common stock to the participant. Our practice is to issue new shares of common stock or utilize treasury stock to satisfy restricted stock unit vestings. Restricted stock units are classified as equity awards. The fair value of units granted is the average of the high and low market price of the stock on the date of grant discounted by the expected dividend rate over the service period. Units are amortized to compensation expense ratably over the service period.

The following table provides information on our restricted stock units (in millions, except per share data):



	For the Years Ended December 31,
	2014		2013		2012
Compensation expense for restricted stock units	$	7.0	$	6.8	$	5.0
Weighted-average fair value of grants, per share	$	88.26	$	77.26	$	48.45

A summary of our non-vested restricted stock units as of December 31, 2014 and changes during the year then ended is presented below (in millions, except per share data):



	Shares		Weighted- Average Grant Date Fair Value per Share
Non-vested restricted stock units as of December 31, 2013	0.5		$	48.83
Granted	0.1		88.26
Distributed	(0.2	)	32.42
Forfeited	—		—
Non-vested restricted stock units as of December 31, 2014	0.4		$	69.09

As of December 31, 2014, we had $14.9 million of total unrecognized compensation cost related to non-vested restricted stock units that is expected to be recognized over a weighted-average period of 2.4 years. Our estimated forfeiture rate for restricted stock units was 16.9% as of December 31, 2014.

The total fair value of restricted stock units vested and the resulting tax deductions to realize tax benefits were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Fair value of restricted stock units vested	$	19.5	$	11.1	$	8.6
Realized tax benefits from tax deductions	7.4		4.3		3.3

Stock Appreciation Rights

Stock appreciation rights are issued to certain key employees. Each recipient is given the “right” to receive a value, paid in shares of our common stock, equal to the future appreciation of our common stock price. Stock appreciation rights generally vest in one-third increments beginning on the first anniversary date after the grant date and expire after seven years. Our practice is to issue new shares of common stock or utilize treasury stock to satisfy the exercise of stock appreciation rights.

The following table provides information on our stock appreciation rights (in millions, except per share data):



	For the Years Ended December 31,
	2014		2013		2012
Compensation expense for stock appreciation rights	$	4.8	$	5.4	$	4.5
Weighted-average fair value of grants, per share	19.55		18.76		14.34

Compensation expense for stock appreciation rights is based on the fair value on the date of grant, estimated using the Black-Scholes-Merton valuation model, and is recognized over the service period. We used historical stock price data to estimate the expected volatility. We determined that the recipients of stock appreciation rights can be combined into one employee group that has similar historical exercise behavior and we used our historical pattern of award exercises to estimate the expected life of the awards for the employee group. The risk-free interest rate was based on the zero-coupon U.S. Treasury yield curve with a maturity equal to the expected life of the awards at the time of grant.

The fair value of the stock appreciation rights granted in 2014, 2013 and 2012 were estimated on the date of grant using the following assumptions:



	2014		2013		2012
Expected dividend yield	1.75	%	1.36	%	1.75	%
Risk-free interest rate	1.27	%	1.12	%	0.48	%
Expected volatility	29.60	%	31.50	%	40.42	%
Expected life (in years)	4.04		4.02		4.14

A summary of our stock appreciation rights as of December 31, 2014, and changes during the year then ended, is presented below (in millions, except per share data):



	Shares		Weighted-Average Exercise Price per Share
Outstanding stock appreciation rights as of December 31, 2013	1.8		$	45.58
Granted	0.2		92.64
Exercised	(0.5	)	35.91
Forfeited	—		—
Outstanding stock appreciation rights as of December 31, 2014	1.5		$	56.20
Exercisable stock appreciation rights as of December 31, 2014	1.0		$	43.65

The following table summarizes information about stock appreciation rights outstanding as of December 31, 2014 (in millions, except per share data and years):



	Stock Appreciation Rights Outstanding				Stock Appreciation Rights Exercisable
Range of Exercise Prices	Shares	Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value		Shares	Weighted-Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value
$28.24 to $36.94	0.5	3.1	$	33.2	0.5	3.1	$	33.2
$46.78 to $51.40	0.5	4.3	$	22.3	0.4	4.1	$	17.6
$81.11 to $92.64	0.5	6.5	$	4.1	0.1	6.0	$	1.2

As of December 31, 2014, we had $8.5 million of unrecognized compensation cost related to non-vested stock appreciation rights that is expected to be recognized over a weighted-average period of 2.3 years. Our estimated forfeiture rate for stock appreciation rights was 15.6% as of December 31, 2014.

The total intrinsic value of stock appreciation rights exercised and the resulting tax deductions to realize tax benefits were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Intrinsic value of stock appreciation rights exercised	$	27.3	$	16.7	$	14.4
Realized tax benefits from tax deductions	$	10.4	$	6.4	$	5.5

Employee Stock Purchase Plan

Under the 2012 Employee Stock Purchase Plan (“ESPP”), all employees who meet certain service requirements are eligible to purchase our common stock through payroll deductions at the end of three month offering periods. The purchase price for such shares is 95% of the fair market value of the stock on the last day of the offering period. A maximum of 2.5 million shares is authorized for purchase until the ESPP plan termination date of May 10, 2022, unless terminated earlier at the discretion of the Board of Directors. Employees purchased approximately 20,000 shares under the ESPP during the year ended December 31, 2014. Approximately 2.4 million shares remain available for purchase under the ESPP as of December 31, 2014.

Stock Repurchases	12 Months Ended
Stock Repurchases	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Stock Repurchases	Stock Repurchases: Our Board of Directors has authorized a total of $1.4 billion towards the repurchase of shares of our common stock (collectively referred to as the "Share Repurchase Plans"), including a $700.0 million share repurchase authorization in October 2014. The Share Repurchase Plans authorize open market repurchase transactions and do not have a stated expiration date. As of December 31, 2014, $395.9 million of shares may still be repurchased under the Share Repurchase Plans. On October 20, 2014, we announced our plans for a new $450.0 million accelerated share repurchase program. For the years ended December 31, 2014 and 2013, we repurchased 5.2 million shares for $550.3 million and 1.7 million shares for $125.0 million, respectively, under the Share Repurchase Plans. The final number of shares to be repurchased and the aggregate cost to LII will be based on LII's volume-weighted average stock price during the term of the transaction, which is expected to be completed in the second half of 2015. We also repurchased 0.2 million shares for $22.4 million and 0.2 million shares for $12.0 million for the years ended December 31, 2014 and 2013, respectively, from employees who surrendered their shares to satisfy minimum tax withholding obligations upon the vesting of stock-based compensation awards.

Restructuring Charges

12 Months Ended

Dec. 31, 2014

Restructuring Charges [Abstract]

Restructuring Charges

Restructuring Charges:

We record restructuring charges associated with management-approved restructuring plans to reorganize or to remove duplicative headcount and infrastructure within our businesses. Restructuring charges include severance costs to eliminate a specified number of employees, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other related activities. The timing of associated cash payments is dependent upon the type of restructuring charge and can extend over a multi-year period. Restructuring charges are not included in our calculation of segment profit (loss), as more fully explained in Note 19.

Restructuring Activities in 2014

Information regarding the restructuring charges for all ongoing activities are presented in the table below (in millions):



	Incurred in 2014		Incurred to Date		Total Expected to be Incurred
Severance and related expense	$	1.4	$	6.9	$	7.2
Asset write-offs and accelerated depreciation	0.3		1.8		1.8
Equipment moves	—		—		—
Lease termination	—		—		0.1
Other	0.2		1.9		2.3
Total	$	1.9	$	10.6	$	11.4

While restructuring charges are excluded from our calculation of segment profit (loss), the table below presents the restructuring charges associated with each segment (in millions):



	Incurred in 2014			Incurred to Date		Total Expected to be Incurred
Residential Heating & Cooling	$	0.4		$	1.5	$	1.5
Commercial Heating & Cooling	—			0.9		0.9
Refrigeration	1.6			8.2		9.0
Corporate & Other	(0.1		)	—		—
Total	$	1.9		$	10.6	$	11.4

Restructuring accruals are included in Accrued expenses in the accompanying Consolidated Balance Sheets. The activity within the restructuring accruals is summarized in the tables below (in millions):



Description of Reserves:	Balance as of December 31, 2013		Charged to Earnings		Cash Utilization			Non-Cash Utilization and Other			Balance as of December 31, 2014
Severance and related expense	$	1.6	$	1.4	$	(1.5	)	$	—		$	1.5
Asset write-offs and accelerated depreciation	—		0.3		—			(0.2		)	0.1
Equipment moves	—		—		—			—			—
Lease termination	—		—		—			—			—
Other	—		0.2		(0.2		)	—			—
Total restructuring reserves	$	1.6	$	1.9	$	(1.7	)	$	(0.2	)	$	1.6



Description of Reserves:	Balance as of December 31, 2012		Charged to Earnings		Cash Utilization			Non-Cash Utilization and Other			Balance as of December 31, 2013
Severance and related expense	$	0.7	$	2.7	$	(1.6	)	$	(0.2	)	$	1.6
Asset write-offs and accelerated depreciation	—		0.7		—			(0.7		)	—
Equipment moves	—		0.1		(0.1		)	—			—
Lease termination	1.2		—		(1.2		)	—			—
Other	0.5		1.5		(2.0		)	—			—
Total restructuring reserves	$	2.4	$	5.0	$	(4.9	)	$	(0.9	)	$	1.6

Discontinued Operations

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations:

On March 22, 2013, we sold our Service Experts business to a majority-owned entity of American Capital, Ltd. (the "Buyer") in an all-cash transaction for net proceeds of $10.4 million, excluding transaction costs. We also entered into a two-year equipment and parts supply agreement with the Buyer. In April 2012, we sold our Hearth business to Comvest Investment Partners IV in an all-cash transaction for net proceeds of $10.1 million, excluding the transaction costs and cash transferred with the business. The gains and losses on the sale of these businesses and their operating results for all periods are presented in discontinued operations.

Service Experts

A summary of net sales and pre-tax gains and losses for the Service Experts business is detailed below (in millions):



	For the Years Ended December 31,
	2014		2013			2012
Net sales ⁽¹⁾	$	—	$	73.5		$	385.1
Pre-tax operating income (loss) ⁽¹⁾⁽²⁾	2.6		(15.1		)	(50.8		)
Gain on sale of business	—		1.4			—

⁽¹⁾ Excludes eliminations of intercompany sales and any associated profit.

⁽²⁾ Pre-tax operating loss for the year ended December 31, 2012 included a $20.5 million goodwill impairment loss.

There were no assets or liabilities related to the Service Experts business included in the accompanying Consolidated Balance Sheets as of December 31, 2014 or 2013.

Hearth

A summary of net sales and pre-tax gains and losses for the Hearth business is detailed below (in millions):



	For the Years Ended December 31,
	2014			2013		2012
Net sales ⁽¹⁾	$	—		$	—	$	23.5
Pre-tax operating income (loss) ⁽¹⁾⁽²⁾	(6.3		)	0.5		(13.7		)
Loss on sale of business	—			—		(0.9		)

⁽¹⁾ Excludes eliminations of intercompany sales and any associated profit.

⁽²⁾ Pre-tax operating loss in 2012 included a $6.3 million pre-tax impairment charge for the write-down of net assets to their estimated fair value, a $6.3 million settlement charge related to actuarial losses recognized upon transition of a pension obligation to the acquirer of the Hearth business and a $3.5 million gain related to realized foreign currency translation adjustments.

There were no assets or liabilities related to the Hearth business included in the accompanying Consolidated Balance Sheets as of December 31, 2014 or 2013.

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Reporting, Measurement Disclosures [Abstract]

Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share:

Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income by the sum of the weighted-average number of shares and the number of equivalent shares assumed outstanding, if dilutive, under our stock-based compensation plans.

The computations of basic and diluted earnings per share for Income from continuing operations were as follows (in millions, except per share data):



	For the Years Ended December 31,
	2014			2013			2012
Net income	$	205.8		$	171.8		$	90.0
Add: Loss from discontinued operations	2.3			8.1			45.0
Income from continuing operations	$	208.1		$	179.9		$	135.0

Weighted-average shares outstanding – basic	47.9			49.8			50.7
Add: Potential effect of diluted securities attributable to stock-based payments	0.7			0.8			0.7
Weighted-average shares outstanding – diluted	48.6			50.6			51.4

Earnings per share - Basic:
Income from continuing operations	$	4.35		$	3.61		$	2.66
Loss from discontinued operations	(0.05		)	(0.16		)	(0.89		)
Net income	$	4.30		$	3.45		$	1.77

Earnings per share - Diluted:
Income from continuing operations	$	4.28		$	3.55		$	2.63
Loss from discontinued operations	(0.05		)	(0.16		)	(0.88		)
Net income	$	4.23		$	3.39		$	1.75

The following stock appreciation rights were outstanding but not included in the diluted earnings per share calculation because the assumed exercise of such rights would have been anti-dilutive (in millions, except for per share data):



	For the Years Ended December 31,
	2014	2013	2012
Weighted-average number of shares	0.3	0.1	0.1
Price ranges per share	$81.11 - $92.64	$81.11 - $81.14	$51.11 - $51.40

Reportable Business Segments

12 Months Ended

Dec. 31, 2014

Reportable Business Segments

Reportable Business Segments:

Description of Segments

We operate in three reportable business segments of the heating, ventilation, air conditioning and refrigeration (“HVACR”) industry. Our segments are organized primarily by the nature of the products and services we provide. The following table describes each segment:



Segment	Products or Services	Markets Served	Geographic Areas
Residential Heating & Cooling	Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts	Residential Replacement; Residential New Construction	United States Canada
Commercial Heating & Cooling	Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment	Light Commercial	United States Canada Europe
Refrigeration	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems	Light Commercial; Food Preservation; Non-Food/Industrial	United States Canada Europe Asia Pacific South America

In September 2012, we announced the planned sale of our Service Experts business. The Service Experts business had previously been reported within the Service Experts reportable segment along with the Lennox National Account Services ("NAS") business. Beginning in the third quarter of 2012, the Service Experts business was included in discontinued operations, NAS was included in our Commercial Heating & Cooling segment, and the Service Experts segment was eliminated. Results for all periods have been revised to reflect this new presentation.

Segment Data

We use segment profit or loss as the primary measure of profitability to evaluate operating performance and to allocate capital resources. We define segment profit or loss as a segment’s income or loss from continuing operations before income taxes included in the accompanying Consolidated Statements of Operations, excluding certain items. The reconciliation below details the items excluded.

Our corporate costs include those costs related to corporate functions such as legal, internal audit, treasury, human resources, tax compliance and senior executive staff. Corporate costs also include the long-term share-based incentive awards provided to employees throughout LII. We recorded these share-based awards as Corporate costs because they are determined at the discretion of the Board of Directors and based on the historical practice of doing so for internal reporting purposes.

As they arise, transactions between segments are recorded on an arm’s-length basis using the relevant market prices. Any intercompany sales and associated profit (and any other intercompany items) are eliminated from segment results. There were no significant intercompany eliminations included in the results presented in the table below.

Net sales and segment profit (loss) by segment, along with a reconciliation of segment profit (loss) to Income from continuing operations before income taxes, are shown below (in millions):



	For the Years Ended December 31,
	2014			2013			2012
Net Sales ⁽¹⁾
Residential Heating & Cooling	$	1,736.5		$	1,583.2		$	1,375.8
Commercial Heating & Cooling	878.5			844.4			785.4
Refrigeration	752.4			771.5			788.2
	$	3,367.4		$	3,199.1		$	2,949.4
Segment Profit (Loss) ⁽²⁾
Residential Heating & Cooling	$	235.8		$	180.1		$	102.9
Commercial Heating & Cooling	124.0			118.1			99.5
Refrigeration	55.4			90.2			81.9
Corporate and other	(74.3		)	(87.9		)	(60.1		)
Subtotal that includes segment profit and eliminations	340.9			300.5			224.2
Reconciliation to income from continuing operations before income taxes:
Special product quality adjustments	(1.4		)	(2.3		)	1.1
Items in Losses and other expenses, net that are excluded from segment profit (loss) ⁽²⁾	4.7			8.8			(0.2		)
Restructuring charges	1.9			5.0			4.2
Interest expense, net	17.2			14.5			17.1
Special inventory write down	1.0			—			—
Other expense, net	(0.1		)	0.2			0.3
Income from continuing operations before income taxes	$	317.6		$	274.3		$	201.7

⁽¹⁾ On a consolidated basis, no revenue from transactions with a single customer were 10% or greater of our consolidated net sales for any of the periods presented.

⁽²⁾The Company defines segment profit and loss as a segment's income or loss from continuing operations before income taxes included in the accompanying Consolidated Statements of Operations, excluding:


•	Special product quality adjustments;


•	The following items in Losses and other expenses, net:


◦	Net change in unrealized gains and/or losses on unsettled futures contracts,


◦	Special legal contingency charges,


◦	Asbestos-related litigation,


◦	Environmental liabilities, and


◦	Other items, net;


•	Restructuring charges;


•	Goodwill, long-lived asset, and equity method investment impairments;


•	Interest expense, net;


•	Special inventory write down; and


•	Other expense, net.

The assets in the Corporate and other segment primarily consist of cash, short-term investments and deferred tax assets. Assets recorded in the operating segments represent those assets directly associated with those segments.

Total assets by segment are shown below (in millions):



	As of December 31,
	2014		2013		2012
Total Assets:
Residential Heating & Cooling	$	632.3	$	500.0	$	457.5
Commercial Heating & Cooling	353.4		346.3		321.9
Refrigeration	551.5		572.0		585.3
Corporate and other	227.1		208.4		228.6
Assets for continuing operations	1,764.3		1,626.7		1,593.3
Discontinued operations (See Note 17)	—		—		98.6
Total assets	$	1,764.3	$	1,626.7	$	1,691.9

Total capital expenditures by segment are shown below (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Capital Expenditures:
Residential Heating & Cooling	$	39.4	$	34.2	$	13.7
Commercial Heating & Cooling	14.1		11.2		8.7
Refrigeration	15.8		16.5		15.6
Corporate and other	19.1		16.4		12.2
Total capital expenditures ⁽¹⁾	$	88.4	$	78.3	$	50.2

⁽¹⁾Includes amounts recorded under capital leases. There were no significant new capital leases in 2014, 2013 or 2012.

Depreciation and amortization expenses by segment are shown below (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Depreciation and Amortization:
Residential Heating & Cooling	$	20.7	$	20.5	$	19.9
Commercial Heating & Cooling	9.3		9.0		8.5
Refrigeration	16.3		15.3		13.0
Corporate and other	14.5		14.1		14.0
Total depreciation and amortization	$	60.8	$	58.9	$	55.4

The equity method investments are shown below (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Income from Equity Method Investments:
Refrigeration	$	2.5	$	2.5	$	2.6
Corporate and other ⁽¹⁾	11.3		9.7		7.9
Total income from equity method investments	$	13.8	$	12.2	$	10.5

⁽¹⁾ We allocated $11.7 million, $9.6 million and $5.0 million of income from equity method investments to our Residential Heating & Cooling and Commercial Heating & Cooling segments in 2014, 2013 and 2012, respectively. These allocations were recorded as reductions to the segments' Cost of goods sold in the Consolidated Statements of Operations.

Geographic Information

Net sales for each major geographic area in which we operate are shown below (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Net Sales to External Customers by Point of Shipment:
United States	$	2,576.4	$	2,382.0	$	2,147.2
Canada	236.3		232.3		226.7
International	554.7		584.8		575.5
Total net sales to external customers	$	3,367.4	$	3,199.1	$	2,949.4

Property, plant and equipment, net for each major geographic area in which we operate, based on the domicile of our operations, are shown below (in millions):



	As of December 31,
	2014		2013		2012
Property, Plant and Equipment, net:
United States	$	243.4	$	230.3	$	227.9
Mexico	52.4		39.7		28.0
Canada	0.6		0.6		0.6
International	62.2		64.9		41.7
Total Property, plant and equipment, net	$	358.6	$	335.5	$	298.2

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Fair Value Measurements

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements:

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date and requires consideration of our creditworthiness when valuing certain liabilities. Our framework for measuring fair value is based on the following three-level hierarchy for fair value measurements:

Level 1 - Quoted prices for identical instruments in active markets at the measurement date.


Level 2 -	Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at the measurement date and for the anticipated term of the instrument.


Level 3 -	Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Where available, the fair values were based upon quoted prices in active markets. However, if quoted prices were not available, then the fair values were based upon quoted prices for similar assets or liabilities or independently sourced market parameters, such as credit default swap spreads, yield curves, reported trades, broker/dealer quotes, interest rates and benchmark securities. For assets and liabilities without observable market activity, if any, the fair values were based upon discounted cash flow methodologies incorporating assumptions that, in our judgment, reflect the assumptions a marketplace participant would use. Valuation adjustments to reflect either party's creditworthiness and ability to pay were incorporated into our valuations, where appropriate, as of December 31, 2014 and 2013, the measurement dates. The methodologies used to determine the fair value of our financial assets and liabilities as of December 31, 2014 were the same as those used as of December 31, 2013.

Fair values are estimates and are not necessarily indicative of amounts for which we could settle such instruments currently nor indicative of our intent or ability to dispose of or liquidate them.

Assets and Liabilities Carried at Fair Value on a Recurring Basis

Derivatives

Derivatives, classified as Level 2, were primarily valued using estimated future cash flows based on observed prices from exchange-traded derivatives. We also considered the counterparty's creditworthiness, or our own creditworthiness, as appropriate. Adjustments were recorded to reflect the risk of credit default, but they were insignificant to the overall value of the derivatives. Refer to Note 8 for more information related to our derivative instruments.

Marketable Equity Securities

The following table presents the fair values of an investment in marketable equity securities, related to publicly traded stock of a non-U.S. company, recorded in Other assets, net in the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2014		2013
Quoted Prices in Active Markets for Identical Assets (Level 1):
Investment in marketable equity securities	$	5.3	$	4.4

Other Fair Value Disclosures

The carrying amounts of Cash and cash equivalents, Accounts and notes receivable, net, Accounts payable, Other current liabilities, and Short-term debt approximate fair value due to the short maturities of these instruments. The carrying amount of our Domestic Credit Facility in Long-term debt also approximates fair value due to its variable-rate characteristics.

The fair value of our senior unsecured notes in Long-term debt was based on the amount of future cash flows using current market rates for debt instruments of similar maturities and credit risk. The following table presents the fair value for our senior unsecured notes in Long-term debt (in millions):



	As of December 31,
	2014		2013
Quoted Prices in Active Markets for Similar Instruments (Level 2):
Senior unsecured notes	$	210.6	$	214.0

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2014

Selected Quarterly Financial Information (unaudited)

Quarterly Financial Information (unaudited):

The following tables provide information on Net sales, Gross profit, Net income, Earnings per share and Cash dividends declared per share by quarter (in millions, except per share data):



	Net Sales ⁽¹⁾				Gross Profit ⁽¹⁾				Net Income (Loss) ⁽¹⁾
	2014		2013		2014		2013		2014		2013
First Quarter	$	695.4	$	668.4	$	168.1	$	162.0	$	19.9	$	8.0
Second Quarter	960.7		913.1		262.6		254.0		73.9		64.3
Third Quarter	898.4		868.0		247.1		237.4		67.4		64.3
Fourth Quarter	812.8		749.5		225.4		207.7		44.6		35.2



	Basic Earnings (Loss) per Share ⁽²⁾				Diluted Earnings (Loss) per Share ⁽²⁾				Cash Dividends per Common Share
	2014		2013		2014		2013		2014		2013
First Quarter	$	0.41	$	0.16	$	0.40	$	0.16	$	0.24	$	0.20
Second Quarter	1.51		1.28		1.49		1.26		0.30		0.24
Third Quarter	1.40		1.29		1.38		1.27		0.30		0.24
Fourth Quarter	0.98		0.72		0.96		0.70		0.30		0.24

⁽¹⁾ The sum of the quarterly results for each of the four quarters may not equal the full year results due to rounding.

⁽²⁾ EPS for each quarter is computed using the weighted-average number of shares outstanding during that quarter, while EPS for the fiscal year is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the EPS for each of the four quarters may not equal the EPS for the fiscal year.

Summary of 2014 Quarterly Results

The following unusual or infrequent pre-tax items were included in the 2014 quarterly results:

1st Quarter. No significant unusual or infrequent items.

2nd Quarter. No significant unusual or infrequent items.

3rd Quarter. We recorded restructuring charges of $1 million for a new project to realign resources and enhance distribution capabilities. Refer to Note 16 for more information related to our restructuring activities.

4th Quarter. We recorded restructuring charges of $0.6 million for our project to realign resources and enhance distribution capabilities.

Summary of 2013 Quarterly Results

The following unusual or infrequent pre-tax items were included in the 2013 quarterly results:

1st Quarter. On March 22, 2013, we sold our Service Experts business to a majority-owned entity of American Capital, Ltd. in an all-cash transaction for net proceeds of $10.4 million, excluding transaction costs. We recorded a 1.4 million gain on the sale of the business for the year ended December 31, 2013. Refer to Note 17 for more information.

2nd Quarter. We recorded restructuring charges of $2.4 million primarily related to the completion of the transition activities with our North American Parts Center in Des Moines, Iowa. Refer to Note 16 for more information related to our restructuring activities.

3rd Quarter. We recorded legal contingency charges of $0.8 million associated with ongoing patent litigation. Refer to Note 10 for more information on our legal contingencies.

4th Quarter. We recorded expenses of $6.3 million for asbestos-related litigation. Refer to Note 10 for more information. We also recorded restructuring charges of $1.8 million primarily related to anticipated severance charges associated with a relocation of certain Residential Heating & Cooling manufacturing operations to lower cost facilities.

Losses and Other Expenses, net (Notes)

12 Months Ended

Dec. 31, 2014

Losses (Gains) and Other Expenses, net [Abstract]

Losses and Other Expenses, net

Losses and Other Expenses, net:

Losses and other expenses, net in our Consolidated Statements of Operations were as follows (in millions):



	For the Years Ended December 31,
	2014			2013			2012
Realized losses on settled futures contracts	$	0.8		$	1.0		$	1.5
Foreign currency exchange losses	1.6			0.5			0.8
Losses (gains) on disposal of fixed assets	(0.3		)	(1.0		)	0.4
Net change in unrealized losses (gains) on unsettled futures contracts	0.6			0.4			(2.2		)
Asbestos-related litigation	0.9			6.3			—
Acquisition expenses	—			0.2			0.1
Special legal contingency charges	0.9			1.2			1.2
Environmental liabilities	2.0			—			—
Other items, net	0.3			0.7			0.7
Losses and other expenses, net	$	6.8		$	9.3		$	2.5

Supplemental Information (Notes)

12 Months Ended

Dec. 31, 2014

Supplemental Information [Abstract]

Supplemental Information

Supplemental Information:

Below is information about expenses included in our Consolidated Statements of Operations (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Research and development ⁽¹⁾	$	60.7	$	53.7	$	50.7
Advertising, promotions and marketing ⁽²⁾	41.9		45.2		59.4
Cooperative advertising expenditures ⁽³⁾	13.1		10.9		9.5
Rent expense ⁽⁴⁾	50.5		53.5		67.8

⁽¹⁾ Includes research and development costs related to discontinued operations of $1.2 million for the year ended December 31, 2012. No research and development costs related to discontinued operations were recorded for the years ended December 31, 2014 and 2013 .

⁽²⁾ Includes advertising, promotions and marketing costs related to discontinued operations of $4.1 million and $20.1 million for the years ended December 31, 2013 and 2012, respectively. No advertising costs related to discontinued operations were recorded for the year ended December 31, 2014. Cooperative advertising expenditures were not included in these amounts.

⁽³⁾ Cooperative advertising expenditures were included in Selling, general and administrative expenses in the Consolidated Statements of Operations.

⁽⁴⁾ Includes rent expense related to discontinued operations of $4.5 million and $20.1 million for the years ended December 31, 2013 and 2012, respectively. No rent costs related to discontinued operations were recorded for the year ended December 31, 2014.

Interest Expense, net

The components of Interest expense, net in our Consolidated Statements of Operations were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Interest expense, net of capitalized interest	$	18.9	$	16.5	$	18.9
Interest income	1.7		2.0		1.8
Interest expense, net	$	17.2	$	14.5	$	17.1

Condensed Consolidating Financial Statements

12 Months Ended

Dec. 31, 2014

Condensed Consolidating Financial Statements [Abstract]

Condensed Consolidating Financial Statements

Condensed Consolidating Financial Statements:

The Company’s senior unsecured notes are unconditionally guaranteed by certain of the Company’s subsidiaries (the “Guarantor

Subsidiaries”) and are not secured by our other subsidiaries (the “Non-Guarantor Subsidiaries”). The Guarantor Subsidiaries are 100% owned, all guarantees are full and unconditional, and all guarantees are joint and several. As a result of the guarantee arrangements, we are required to present condensed consolidating financial statements.

On March 22, 2013, the Company sold its Service Experts business to a majority-owned entity of American Capital, Ltd. The primary subsidiary for the U.S. Service Experts business had previously been included as a "Guarantor Subsidiary" and the Canada Service Experts subsidiary had previously been included as a "Non-Guarantor Subsidiary." As of December 31, 2014, the U.S. and Canada Service Experts businesses were included in discontinued operations of the condensed consolidating financial statements.

The condensed consolidating financial statements reflect the investments in subsidiaries of the Company using the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions.

Condensed consolidating financial statements of the Company, its Guarantor Subsidiaries and Non-Guarantor Subsidiaries as of December 31, 2014 and December 31, 2013 and for the years ended December 31, 2014, 2013 and 2012 are shown on the following pages.

Condensed Consolidating Balance Sheets

As of December 31, 2014

(In millions)



	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	1.0		$	11.5	$	25.0		$	—		$	37.5
Accounts and notes receivable, net	—			12.3		409.1			—			421.4
Inventories, net	—			350.6		119.7			(7.0		)	463.3
Deferred income taxes, net	2.8			27.3		7.4			(5.0		)	32.5
Other assets	3.6			45.7		67.2			(57.2		)	59.3
Total current assets	7.4			447.4		628.4			(69.2		)	1,014.0
Property, plant and equipment, net	—			269.0		89.6			—			358.6
Goodwill	—			140.4		69.0			—			209.4
Investment in subsidiaries	978.1			263.5		(0.6		)	(1,241.0		)	—
Deferred income taxes	0.5			90.8		15.8			(9.6		)	97.5
Other assets, net	5.2			61.0		20.1			(1.5		)	84.8
Intercompany receivables (payables), net	(280.4		)	302.4		(22.0		)	—			—
Total assets	$	710.8		$	1,574.5	$	800.3		$	(1,321.3	)	$	1,764.3
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—		$	—	$	226.6		$	—		$	226.6
Current maturities of long-term debt	22.5			1.2		0.3			—			24.0
Accounts payable	13.4			237.8		73.1			—			324.3
Accrued expenses	9.0			175.5		54.5			—			239.0
Income taxes payable	(3.7		)	34.7		47.5			(65.1		)	13.4
Total current liabilities	41.2			449.2		402.0			(65.1		)	827.3
Long-term debt	659.5			15.3		0.2			—			675.0
Post-retirement benefits, other than pensions	—			4.5		—			—			4.5
Pensions	—			117.6		12.3			—			129.9
Other liabilities	1.1			118.7		11.7			(12.9		)	118.6
Total liabilities	701.8			705.3		426.2			(78.0		)	1,755.3
Commitments and contingencies
Total stockholders' equity	9.0			869.2		374.1			(1,243.3		)	9.0
Total liabilities and stockholders' equity	$	710.8		$	1,574.5	$	800.3		$	(1,321.3	)	$	1,764.3

Condensed Consolidating Balance Sheets

As of December 31, 2013

(In millions)



	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	1.1		$	10.5	$	26.4		$	—		$	38.0
Accounts and notes receivable, net	—			12.8		395.3			—			408.1
Inventories, net	—			253.6		128.4			(3.2		)	378.8
Deferred income taxes, net	0.9			21.2		5.7			(3.3		)	24.5
Other assets	3.4			38.4		70.2			(59.0		)	53.0
Total current assets	5.4			336.5		626.0			(65.5		)	902.4
Property, plant and equipment, net	—			246.4		89.1			—			335.5
Goodwill	—			140.4		76.4			—			216.8
Investment in subsidiaries	1,138.8			337.5		(0.6		)	(1,475.7		)	—
Deferred income taxes	—			76.9		20.2			(8.6		)	88.5
Other assets, net	4.2			64.3		16.4			(1.4		)	83.5
Intercompany receivables (payables), net	(460.6		)	434.0		26.6			—			—
Total assets	$	687.8		$	1,636.0	$	854.1		$	(1,551.2	)	$	1,626.7
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—		$	—	$	165.9		$	—		$	165.9
Current maturities of long-term debt	—			1.0		0.3			—			1.3
Accounts payable	11.8			187.8		83.5			—			283.1
Accrued expenses	3.3			168.4		60.4			—			232.1
Income taxes payable	(30.3		)	75.7		49.9			(63.7		)	31.6
Total current liabilities	(15.2		)	432.9		360.0			(63.7		)	714.0
Long-term debt	217.0			15.8		0.4			—			233.2
Post-retirement benefits, other than pensions	—			4.6		—			—			4.6
Pensions	—			58.4		11.6			—			70.0
Other liabilities	0.3			119.4		11.3			(11.8		)	119.2
Total liabilities	202.1			631.1		383.3			(75.5		)	1,141.0
Commitments and contingencies
Total stockholders' equity	485.7			1,004.9		470.8			(1,475.7		)	485.7
Total liabilities and stockholders' equity	$	687.8		$	1,636.0	$	854.1		$	(1,551.2	)	$	1,626.7

Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 2014

(In millions)



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	—		$	2,775.7		$	818.0		$	(226.3	)	$	3,367.4
Cost of goods sold	—			2,057.8			628.3			(222.0		)	2,464.1
Gross profit	—			717.9			189.7			(4.3		)	903.3
Operating expenses:
Selling, general and administrative expenses	—			454.5			119.2			—			573.7
Losses and other expenses, net	—			3.2			3.6			—			6.8
Restructuring charges	—			0.4			1.5			—			1.9
Income from equity method investments	(216.4		)	(25.4		)	(11.3		)	239.3			(13.8		)
Operational income from continuing operations	216.4			285.2			76.7			(243.6		)	334.7
Interest expense, net	16.0			(3.0		)	4.2			—			17.2
Other expense, net	—			—			(0.1		)	—			(0.1		)
Income from continuing operations before income taxes	200.4			288.2			72.6			(243.6		)	317.6
Provision for income taxes	(5.6		)	91.7			24.9			(1.5		)	109.5
Income from continuing operations	206.0			196.5			47.7			(242.1		)	208.1
Loss from discontinued operations	—			—			(2.3		)	—			(2.3		)
Net income	$	206.0		$	196.5		$	45.4		$	(242.1	)	$	205.8
Other comprehensive loss	$	(4.1	)	$	(51.2	)	$	(34.8	)	$	(2.3	)	$	(92.4	)
Comprehensive Income	$	201.9		$	145.3		$	10.6		$	(244.4	)	$	113.4

Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 2013

(In millions)



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,557.9		$	837.0		$	(195.8	)	$	3,199.1
Cost of goods sold	—			1,900.9			632.8			(195.8		)	2,337.9
Gross profit	—			657.0			204.2			—			861.2
Operating expenses:
Selling, general and administrative expenses	—			437.1			133.0			—			570.1
Losses and other expenses, net	1.1			7.9			0.3			—			9.3
Restructuring charges	—			2.9			2.1			—			5.0
Income from equity method investments	(181.7		)	(26.4		)	(9.7		)	205.6			(12.2		)
Operational income from continuing operations	180.6			235.5			78.5			(205.6		)	289.0
Interest expense, net	14.0			(2.1		)	2.6			—			14.5
Other expense, net	—			—			0.2			—			0.2
Income from continuing operations before income taxes	166.6			237.6			75.7			(205.6		)	274.3
Provision for income taxes	(5.2		)	73.7			25.9			—			94.4
Income from continuing operations	171.8			163.9			49.8			(205.6		)	179.9
Loss from discontinued operations	—			—			(8.1		)	—			(8.1		)
Net income	$	171.8		$	163.9		$	41.7		$	(205.6	)	$	171.8
Other comprehensive loss	$	(38.8	)	$	36.3		$	(6.1	)	$	(30.2	)	$	(38.8	)
Comprehensive income	$	133.0		$	200.2		$	35.6		$	(235.8	)	$	133.0

Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 2012

(In millions)



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	—		$	2,327.7		$	824.0		$	(202.3	)	$	2,949.4
Cost of goods sold	0.2			1,799.6			629.2			(201.9		)	2,227.1
Gross profit	(0.2		)	528.1			194.8			(0.4		)	722.3
Operating expenses:
Selling, general and administrative expenses	—			374.3			132.7			—			507.0
Losses and other expenses, net	(1.7		)	1.1			3.2			(0.1		)	2.5
Restructuring charges	—			2.8			1.4			—			4.2
Income from equity method investments	(116.3		)	(17.0		)	(7.8		)	130.6			(10.5		)
Operational income from continuing operations	117.8			166.9			65.3			(130.9		)	219.1
Interest expense, net	16.6			(2.4		)	2.9			—			17.1
Other expense, net	—			—			0.3			—			0.3
Income from continuing operations before income taxes	101.2			169.3			62.1			(130.9		)	201.7
Provision for income taxes	(4.9		)	50.5			21.2			(0.1		)	66.7
Income from continuing operations	106.1			118.8			40.9			(130.8		)	135.0
Loss from discontinued operations	—			(18.5		)	(26.5		)	—			(45.0		)
Net income	$	106.1		$	100.3		$	14.4		$	(130.8	)	$	90.0
Other comprehensive income	$	6.7		$	(2.8	)	$	5.2		$	5.7		$	14.8
Comprehensive Income	$	112.8		$	97.5		$	19.6		$	(125.1	)	$	104.8

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2014

(In millions)



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash flows from operating activities:	$	328.8		$	(97.2	)	$	(46.8	)	$	—	$	184.8
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	—			1.0			0.1			—		1.1
Purchases of property, plant and equipment	—			(70.5		)	(17.9		)	—		(88.4		)
Net cash used in investing activities	—			(69.5		)	(17.8		)	—		(87.3		)
Cash flows from financing activities:
Short-term borrowings, net	—			—			1.5			—		1.5
Asset securitization borrowings	—			—			100.0			—		100.0
Asset securitization payments	—			—			(40.0		)	—		(40.0		)
Term loan borrowings from credit facility	300.0			—			—			—		300.0
Long-term debt payments	—			(1.9		)	(0.4		)	—		(2.3		)
Borrowings from credit facility	2,073.5			—			—			—		2,073.5
Payments on credit facility	(1,908.5		)	—			—			—		(1,908.5		)
Payments of deferred financing costs	(2.2		)	—			—			—		(2.2		)
Proceeds from employee stock purchases	2.0			—			—			—		2.0
Repurchases of common stock	(550.3		)	—			—			—		(550.3		)
Repurchases of common stock to satisfy employee withholding tax obligations	(22.4		)	—			—			—		(22.4		)
Excess tax benefits related to share-based payments	11.8			—			—			—		11.8
Intercompany debt	(0.1		)	4.7			(4.6		)	—		—
Intercompany financing activity	(180.1		)	164.9			15.2			—		—
Cash dividends paid	(52.6		)	—			—			—		(52.6		)
Net cash provided by (used in) financing activities	(328.9		)	167.7			71.7			—		(89.5		)
Increase (decrease) in cash and cash equivalents	(0.1		)	1.0			7.1			—		8.0
Effect of exchange rates on cash and cash equivalents	—			—			(8.5		)	—		(8.5		)
Cash and cash equivalents, beginning of year	1.1			10.5			26.4			—		38.0
Cash and cash equivalents, end of year	$	1.0		$	11.5		$	25.0		$	—	$	37.5

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2013

(In millions)



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash flows from operating activities:	$	(30.4	)	$	328.4		$	(87.7	)	$	—	$	210.3
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	—			2.4			—			—		2.4
Purchases of property, plant and equipment	—			(55.8		)	(22.5		)	—		(78.3		)
Net Proceeds from sale of business	5.3			—			3.3			—		8.6
Net cash used in investing activities	5.3			(53.4		)	(19.2		)	—		(67.3		)
Cash flows from financing activities:
Short-term borrowings, net	—			—			2.0			—		2.0
Asset securitization borrowings	—			—			330.0			—		330.0
Asset securitization payments	—			—			(200.0		)	—		(200.0		)
Long-term debt payments	—			(0.7		)	(0.3		)	—		(1.0		)
Borrowings from revolving credit facility	1,425.5			—			—			—		1,425.5
Payments on revolving credit facility	(1,543.5		)	—			—			—		(1,543.5		)
Proceeds from employee stock purchases	1.8			—			—			—		1.8
Additional investment in subsidiary	—			—			(0.5		)	—		(0.5		)
Repurchases of common stock	(125.0		)	—			—			—		(125.0		)
Repurchases of common stock to satisfy employee withholding tax obligations	(12.0		)	—			—			—		(12.0		)
Excess tax benefits related to share-based payments	6.5			—			—			—		6.5
Intercompany debt	(26.8		)	12.3			14.5			—		—
Intercompany financing activity	332.7			(289.5		)	(43.2		)	—		—
Cash dividends paid	(34.0		)	—			—			—		(34.0		)
Net cash provided by (used in) financing activities	25.2			(277.9		)	102.5			—		(150.2		)
Decrease in cash and cash equivalents	0.1			(2.9		)	(4.4		)	—		(7.2		)
Effect of exchange rates on cash and cash equivalents	—			—			(6.6		)	—		(6.6		)
Cash and cash equivalents, beginning of year	1.0			13.4			37.4			—		51.8
Cash and cash equivalents, end of year	$	1.1		$	10.5		$	26.4		$	—	$	38.0

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2012

(In millions)



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash flows from operating activities:	$	20.7		$	207.3		$	(6.6	)	$	—	$	221.4
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	—			0.1			—			—		0.1
Purchases of property, plant and equipment	—			(37.7		)	(12.5		)	—		(50.2		)
Net proceeds from sale of business	—			10.1			—			—		10.1
Net cash used in discontinued operations	—			(0.5		)	0.1			—		(0.4		)
Net cash used in investing activities	—			(28.0		)	(12.4		)	—		(40.4		)
Cash flows from financing activities:
Short-term borrowings, net	—			—			0.2			—		0.2
Asset securitization borrowings	—			—			645.0			—		645.0
Asset securitization payments	—			—			(615.0		)	—		(615.0		)
Long-term debt payments	—			(0.7		)	(0.4		)	—		(1.1		)
Borrowings from revolving credit facility	967.0			—			—			—		967.0
Payments on revolving credit facility	(1,075.0		)	—			—			—		(1,075.0		)
Proceeds from stock option exercises	0.8			—			—			—		0.8
Repurchases of common stock	(50.1		)	—			—			—		(50.1		)
Repurchases of common stock to satisfy employee withholding tax obligations	(7.8		)	—			—			—		(7.8		)
Excess tax benefits related to share-based payments	3.5			—			—			—		3.5
Intercompany debt	2.4			(4.0		)	1.6			—		—
Intercompany financing activity	186.1			(170.9		)	(15.2		)	—		—
Cash dividends paid	(47.6		)	—			—			—		(47.6		)
Net cash provided by (used in) financing activities	(20.7		)	(175.6		)	16.2			—		(180.1		)
Increase (decrease) in cash and cash equivalents	—			3.7			(2.8		)	—		0.9
Effect of exchange rates on cash and cash equivalents	—			—			5.9			—		5.9
Cash and cash equivalents, beginning of year	1.0			9.7			34.3			—		45.0
Cash and cash equivalents, end of year	$	1.0		$	13.4		$	37.4		$	—	$	51.8

Schedule II - Valuation and Qualifying Accounts and Reserves (Notes)

12 Months Ended

Dec. 31, 2014

Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts and Reserves

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

For the Years Ended December 31, 2014, 2013 and 2012

(In millions)



	Balance at beginning of year		Additions charged to cost and expenses		Write-offs			Recoveries		Other			Balance at end of year
2012:
Allowance for doubtful accounts	$	11.3	$	3.9	$	(6.8	)	$	1.8	$	(0.7	)	$	9.5
2013:
Allowance for doubtful accounts	$	9.5	$	3.6	$	(4.6	)	$	1.6	$	(0.3	)	$	9.8
2014:
Allowance for doubtful accounts	$	9.8	$	2.6	$	(4.6	)	$	1.1	$	(1.0	)	$	7.9

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Principles of Consolidation

The consolidated financial statements include the accounts of Lennox International Inc. and our majority-owned subsidiaries. All intercompany transactions, profits and balances have been eliminated.

Cash and Cash Equivalents

We consider all highly liquid temporary investments with original maturity dates of three months or less to be cash equivalents. Cash and cash equivalents consisted primarily of bank deposits.

Accounts and Notes Receivable

Inventories

Property, Plant and Equipment

Depreciation is computed using the straight-line method over the following estimated useful lives:



Buildings and improvements:
Buildings and improvements	5 to 30 years
Leasehold improvements	1 to 20 years
Machinery and equipment:
Computer hardware	3 to 5 years
Computer software	3 to 10 years
Factory machinery and equipment	1 to 15 years
Research and development equipment	5 to 10 years
Vehicles	3 to 8 years

Goodwill

Intangible Assets

We amortize intangible assets and other assets with finite lives over their respective estimated useful lives to their estimated residual values, as follows:



Asset	Useful Life
Deferred financing costs	Effective interest method
Customer relationships	Straight-line method up to 12 years
Patents and others	Straight-line method up to 20 years

Product Warranties

Pensions and Post-retirement Benefits

Self-Insurance

The principal elements of cost of goods sold are components, raw materials, factory overhead, labor, estimated costs of warranty expense and freight and distribution costs.

Selling, General and Administrative Expenses

Stock-Based Compensation

Translation of Foreign Currencies

Use of Estimates

Reclassifications

Certain amounts have been reclassified from the prior year presentation to conform to the current year presentation.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Estimated useful lives of property, plant and equipment

Depreciation is computed using the straight-line method over the following estimated useful lives:



Buildings and improvements:
Buildings and improvements	5 to 30 years
Leasehold improvements	1 to 20 years
Machinery and equipment:
Computer hardware	3 to 5 years
Computer software	3 to 10 years
Factory machinery and equipment	1 to 15 years
Research and development equipment	5 to 10 years
Vehicles	3 to 8 years

Components of Property, plant and equipment, net were as follows (in millions):



	As of December 31,
	2014			2013
Land	$	38.3		$	39.5
Buildings and improvements	215.0			202.5
Machinery and equipment	681.8			634.0
Capital leases	27.0			25.2
Construction in progress and equipment not yet in service	50.6			51.6
Total	1,012.7			952.8
Less accumulated depreciation	(654.1		)	(617.3		)
Property, plant and equipment, net	$	358.6		$	335.5

Identifiable intangible and other assets that have finite lives are amortized over their estimated useful lives

We amortize intangible assets and other assets with finite lives over their respective estimated useful lives to their estimated residual values, as follows:



Asset	Useful Life
Deferred financing costs	Effective interest method
Customer relationships	Straight-line method up to 12 years
Patents and others	Straight-line method up to 20 years

Inventories (Tables)

12 Months Ended

Dec. 31, 2014

Inventory Disclosure [Abstract]

Components of inventories

The components of inventories are as follows (in millions):



	As of December 31,
	2014			2013
Finished goods	$	338.2		$	251.4
Work in process	8.1			11.8
Raw materials and parts	182.6			188.9
Total	528.9			452.1
Excess of current cost over last-in, first-out cost	(65.6		)	(73.3		)
Total inventories, net	$	463.3		$	378.8

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying amount of goodwill in 2014 and 2013, in total and by segment, are summarized in the table below (in millions):



Segment:	Balance at December 31, 2012 ⁽²⁾		Acquisitions / (Dispositions)		Other⁽¹⁾			Balance at December 31, 2013		Acquisitions / (Dispositions)		Other⁽¹⁾			Balance at December 31, 2014
Residential Heating & Cooling	$	26.1	$	—	$	—		$	26.1	$	—	$	—		$	26.1
Commercial Heating & Cooling	63.8		—		0.8			64.6		—		(2.3		)	62.3
Refrigeration	133.9		—		(7.8		)	126.1		—		(5.1		)	121.0
	$	223.8	$	—	$	(7.0	)	$	216.8	$	—	$	(7.4	)	$	209.4

⁽¹⁾ Other consists of changes in foreign currency translation rates.

⁽²⁾ The goodwill balances in the table above are presented net of accumulated impairment charges of $15.7 million, all of which relate to impairments in periods prior to 2012.

Summary of amortization of intangible assets

Identifiable intangible and other assets subject to amortization were recorded in Other assets, net in the accompanying Consolidated Balance Sheets and were comprised of the following (in millions):



	As of December 31,
	2014							2013
	Gross Amount		Accumulated Amortization			Net Amount		Gross Amount		Accumulated Amortization			Net Amount
Deferred financing costs	$	5.4	$	(1.5	)	$	3.9	$	5.0	$	(2.3	)	$	2.7
Customer relationships	42.6		(23.1		)	19.5		42.6		(20.6		)	22.0
Patents and others	12.0		(7.6		)	4.4		10.3		(7.2		)	3.1
Total	$	60.0	$	(32.2	)	$	27.8	$	57.9	$	(30.1	)	$	27.8

Amortization expense

Amortization expense related to these intangible and other assets was as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Amortization expense	$	3.9	$	3.9	$	3.8

Summary of estimated intangible amortization expense for the next five years

Estimated amortization expense for the next five years and thereafter is as follows (in millions):



Estimated Future Amortization Expense:
2015	$	3.8
2016	3.7
2017	3.5
2018	3.4
2019	3.2
Thereafter	10.2

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Components of property, plant and equipment

Depreciation is computed using the straight-line method over the following estimated useful lives:



Buildings and improvements:
Buildings and improvements	5 to 30 years
Leasehold improvements	1 to 20 years
Machinery and equipment:
Computer hardware	3 to 5 years
Computer software	3 to 10 years
Factory machinery and equipment	1 to 15 years
Research and development equipment	5 to 10 years
Vehicles	3 to 8 years

Components of Property, plant and equipment, net were as follows (in millions):



	As of December 31,
	2014			2013
Land	$	38.3		$	39.5
Buildings and improvements	215.0			202.5
Machinery and equipment	681.8			634.0
Capital leases	27.0			25.2
Construction in progress and equipment not yet in service	50.6			51.6
Total	1,012.7			952.8
Less accumulated depreciation	(654.1		)	(617.3		)
Property, plant and equipment, net	$	358.6		$	335.5

Joint Ventures and Other Equity Investments (Tables)

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Summary of combined balance of equity method investments included in other assets, net

The combined balance of equity method investments included in Other assets, net totaled (in millions):



	As of December 31,
	2014		2013
Equity method investments	$	30.9	$	28.0

Summary of cost of goods sold in the consolidated statements of operations

The amounts of purchases included in Cost of goods sold in the Consolidated Statements of Operations were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Purchases of compressors from joint venture	$	114.7	$	96.7	$	90.4

Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2014

Payables and Accruals [Abstract]

Components of accrued expenses

The significant components of Accrued expenses are presented below (in millions):



	As of December 31,
	2014		2013
Accrued compensation and benefits	$	73.3	$	85.7
Self insurance reserves	13.0		13.4
Deferred income	11.6		9.8
Accrued warranties	27.3		28.7
Accrued product quality reserves	4.2		3.4
Accrued Sales, Use and VAT taxes	8.7		7.1
Accrued rebates and promotions	45.4		37.0
Derivative contracts	7.4		1.5
Other	48.1		45.5
Total Accrued expenses	$	239.0	$	232.1

Derivatives (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Amounts related to cash flow hedges

We recorded the following amounts related to our cash flow hedges in AOCI (in millions):



	As of December 31,
	2014			2013
Unrealized losses on unsettled contracts	$	7.2		$	0.8
Income tax expense (benefit)	(2.6		)	(0.2		)
Losses included in AOCI, net of tax ⁽¹⁾	$	4.6		$	0.6

⁽¹⁾ Assuming commodity prices remain constant, we expect to reclassify $4.2 million of derivative losses into earnings within the next 12 months.

Outstanding foreign currency forward contracts not designated as cash flow hedges

We had the following outstanding commodity futures contracts designated as cash flow hedges (in millions of pounds):



	As of December 31,
	2014	2013
Copper	29.4	22.9

Derivatives not Designated as Cash Flow Hedges

the following outstanding commodity futures contracts not designated as cash flow hedges (in millions of pounds):



	As of December 31,
	2014	2013
Copper	2.9	2.0
Aluminum	2.2	2.7

We had the following outstanding foreign currency forward contracts not designated as cash flow hedges (in millions):



	As of December 31,
	2014	2013
Notional amounts (in local currency):
Brazilian Real	8.7	1.2
Mexican Peso	229.7	130.0
United States Dollar	4.5	—
Euro	3.6	—
British Pound	—	3.4
Russian Ruble	80.8	—
Indian Rupee	—	28.0
Polish Zloty	30.6	32.6

Location and amounts of derivative fair values in Consolidated Balance Sheets and derivative gains and losses in Consolidated Statements of Operations



	Fair Values of Derivative Instruments as of December 31 ⁽¹⁾
	Derivatives Designated as Hedging Instruments				Derivatives Not Designated as Hedging Instruments
	2014		2013		2014		2013
Current Assets:
Other assets
Commodity futures contracts	$	—	$	0.1	$	—	$	—
Foreign currency forward contracts	—		—		0.3		0.1
Non-Current Assets:
Other assets, net
Commodity futures contracts	—		0.3		—		—
Total Assets	$	—	$	0.4	$	0.3	$	0.1
Current Liabilities:
Accrued expenses
Commodity futures contracts	$	6.7	$	1.2	$	0.7	$	0.3
Foreign currency forward contracts	—		—		—		—
Non-Current Liabilities:
Other liabilities
Commodity futures contracts	0.5		—		0.1		—
Total Liabilities	$	7.2	$	1.2	$	0.8	$	0.3

⁽¹⁾ All derivative instruments are classified as Level 2 within the fair value hierarchy. See Note 20 for more information on fair value measurements.

Effect of Derivative Instruments on Consolidated Statements of Operations



Derivatives in Cash Flow Hedging Relationships
	For the Years Ended December 31,
	2014		2013		2012
Amount of Loss (Gain) Reclassified from AOCI into Income (Effective Portion):
Commodity futures contracts ⁽¹⁾	$	5.8	$	4.2	$	6.0
Interest rate swap ⁽²⁾	—		—		1.9
	$	5.8	$	4.2	$	7.9
Amount of (Gain) Loss Recognized in Income on Derivatives (Ineffective Portion):
Commodity futures contracts ⁽³⁾	$	0.1	$	0.2	$	(0.1	)



Derivatives Not Designated as Hedging Instruments
	For the Years Ended December 31,
	2014			2013		2012
Amount of Loss (Gain) Recognized in Income on Derivatives:
Commodity futures contracts ⁽³⁾	$	1.2		$	1.2	$	(0.5	)
Foreign currency forward contracts ⁽³⁾	(0.8		)	0.1		0.4
	$	0.4		$	1.3	$	(0.1	)

⁽¹⁾ The loss (gain) was recorded in Cost of goods sold in the accompanying Consolidated Statements of Operations.

⁽²⁾ The loss was recorded in Interest expense, net in the accompanying Consolidated Statements of Operations.

⁽³⁾ The loss (gain) was recorded in Losses and other expenses, net in the accompanying Consolidated Statements of Operations.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Components of income tax provision (benefits) from continuing operations

Our Provision for income taxes from continuing operations consisted of the following (in millions):



	For the Years Ended December 31,
	2014		2013			2012
Current:
Federal	$	84.3	$	71.9		$	47.5
State	10.1		8.5			7.3
Foreign	9.6		16.2			13.4
Total current	104.0		96.6			68.2
Deferred:
Federal	2.3		(4.0		)	0.7
State	1.0		2.5			(0.2		)
Foreign	2.2		(0.7		)	(2.0		)
Total deferred	5.5		(2.2		)	(1.5		)
Total provision for income taxes	$	109.5	$	94.4		$	66.7

The components of Interest expense, net in our Consolidated Statements of Operations were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Interest expense, net of capitalized interest	$	18.9	$	16.5	$	18.9
Interest income	1.7		2.0		1.8
Interest expense, net	$	17.2	$	14.5	$	17.1

Income from continuing operations before income taxes

Income from continuing operations before income taxes was comprised of the following (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Domestic	$	283.7	$	231.1	$	169.9
Foreign	33.9		43.2		31.8
Total	$	317.6	$	274.3	$	201.7

Summary of difference between the income tax provision from continuing operations computed at the statutory federal income tax rate and the financial statement provision for taxes



	For the Years Ended December 31,
	2014			2013			2012
Provision at the U.S. statutory rate of 35%	$	111.2		$	96.0		$	70.6
Increase (reduction) in tax expense resulting from:
State income tax, net of federal income tax benefit	8.8			7.1			5.9
Other permanent items	(8.2		)	(6.4		)	(3.1		)
Research tax credit	—			(0.5		)	—
Change in unrecognized tax benefits	0.2			0.7			(5.1		)
Change in valuation allowance	0.2			0.7			2.3
Foreign taxes at rates other than 35% and miscellaneous other	(2.7		)	(3.2		)	(3.9		)
Total provision for income taxes	$	109.5		$	94.4		$	66.7

Summary of deferred tax assets (liabilities)

Deferred tax assets (liabilities) were comprised of the following (in millions):



	As of December 31,
	2014			2013
Gross deferred tax assets:
Warranties	$	30.9		$	29.3
Loss carryforwards (foreign, U.S. and state)	23.6			28.2
Post-retirement and pension benefits	50.7			28.3
Inventory reserves	4.4			4.8
Receivables allowance	4.9			5.1
Compensation liabilities	19.6			22.6
Deferred income	1.0			0.9
Insurance liabilities	15.8			18.1
Legal reserves	11.1			10.7
Hedges	2.8			0.6
State credits, net of federal effect	8.8			8.7
Other	9.2			7.7
Total deferred tax assets	182.8			165.0
Valuation allowance	(21.2		)	(21.2		)
Total deferred tax assets, net of valuation allowance	161.6			143.8
Gross deferred tax liabilities:
Depreciation	(10.8		)	(12.4		)
Intangibles	(11.0		)	(8.7		)
Other	(9.9		)	(9.7		)
Total deferred tax liabilities	(31.7		)	(30.8		)
Net deferred tax assets	$	129.9		$	113.0

Summary of reconciliation of the beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):



Balance as of December 31, 2012	$	1.0
Increases related to prior year tax positions	0.7
Decreases related to prior year tax positions	(0.1		)
Increases related to current year tax positions	0.1
Balance as of December 31, 2013	1.7
Increases related to prior year tax positions	0.7
Decreases related to prior year tax positions	(0.7		)
Increases related to current year tax positions	—
Settlement	$	(0.1	)
Balance as of December 31, 2014	$	1.6

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Summary of approximate minimum commitments under all non-cancelable leases outstanding

Future annual minimum lease payments and capital lease commitments as of December 31, 2014 were as follows (in millions):



	Operating Leases		Capital Leases
2015	$	37.8	$	1.5
2016	29.4		0.8
2017	24.0		0.5
2018	18.5		0.3
2019	12.1		0.1
Thereafter	19.7		14.3
Total minimum lease payments	$	141.5	17.5
Less amount representing interest			(0.5		)
Present value of minimum payments			$	17.0

Summary of information related to our environmental reserve

Total environmental accruals are included in the following captions on the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2014		2013
Accrued expenses	$	1.7	$	1.4
Other liabilities	4.5		3.8
Total environmental accruals	$	6.2	$	5.2

Summary of changes in the total warranty liabilities

Total product warranty liabilities related to continuing operations are included in the following captions on the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2014		2013
Accrued expenses	$	27.3	$	28.7
Other liabilities	59.9		52.9
Total product warranty liabilities	$	87.2	$	81.6

The changes in product warranty liabilities related to continuing operations for the years ended December 31, 2014 and 2013 were as follows (in millions):



Total warranty liability as of December 31, 2012	$	71.9
Payments made in 2013	(21.3		)
Changes resulting from issuance of new warranties	29.6
Changes in estimates associated with pre-existing liabilities	1.6
Changes in foreign currency translation rates and other	(0.2		)
Total warranty liability as of December 31, 2013	$	81.6
Payments made in 2014	(23.1		)
Changes resulting from issuance of new warranties	33.4
Changes in estimates associated with pre-existing liabilities	(3.5		)
Changes in foreign currency translation rates and other	(1.2		)
Total warranty liability as of December 31, 2014	$	87.2

Self-insurance Liabilities

Total self-insurance liabilities were included in the following captions on the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2014		2013
Accrued expenses	$	13.0	$	13.4
Other liabilities	25.8		32.0
Total self-insurance liabilities	$	38.8	$	45.4

Lines of Credit and Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Outstanding debt obligations

The following tables summarize our outstanding debt obligations and the classification in the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2014		2013
Short-Term Debt:
Asset Securitization Program	$	220.0	$	160.0
Foreign obligations	6.6		5.9
Total short-term debt	$	226.6	$	165.9
Current maturities of long-term debt:
Capital lease obligations	$	1.5	$	1.3
Domestic credit facility	$	22.5	$	—
Long-Term Debt:
Capital lease obligations	$	15.5	$	16.2
Domestic credit facility	459.5		17.0
Senior unsecured notes	200.0		200.0
Total long-term debt	$	675.0	$	233.2
Total debt	$	925.6	$	400.4

Aggregate principal amount of long-term debt

As of December 31, 2014, the aggregate amounts of required principal payments on total debt were as follows (in millions):



2015	$	250.6
2016	31.2
2017	230.0
2018	32.6
2019	369.5
Thereafter	11.7

Eligible amounts available and beneficial interests sold

The eligible amounts available and beneficial interests sold were as follows (in millions):



	As of December 31,
	2014		2013
Eligible amount available under the ASP on qualified accounts receivable	$	220.0	$	160.0
Beneficial interest sold	220.0		160.0
Remaining amount available	$	—	$	—

Summary of weighted average borrowing rate facility

Our weighted average borrowing rate on the facility was as follows:



	As of December 31,
	2014		2013
Weighted average borrowing rate	1.88	%	1.17	%

Financial Covenants, Leverage and Interest Coverage

The required ratios under our Domestic Credit Facility are detailed below:



Consolidated Indebtedness to Adjusted EBITDA Ratio no greater than	3.5 : 1.0
Cash Flow to Net Interest Expense Ratio no less than	3.0 : 1.0

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Defined Contribution Plans

We recorded the following expenses related to our contributions to the defined contribution plans (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Contributions to defined contribution plans ⁽¹⁾	$	14.8	$	13.7	$	13.2

Pension and Postretirement Benefit Plans recognized in financial statements

The following tables set forth amounts recognized in our financial statements and the plans' funded status for our pension and post-retirement benefit plans (dollars in millions):



	Pension Benefits						Other Benefits
	2014			2013			2014			2013
Accumulated benefit obligation	$	439.6		$	367.3		N/A			N/A

Changes in projected benefit obligation:
Benefit obligation at beginning of year	$	374.6		$	413.9		$	6.0		$	7.6
Service cost	4.2			5.2			—			—
Interest cost	17.7			16.2			0.2			0.2
Plan participants' contributions	—			—			0.6			0.7
Amendments	—			—			—			—
Other	—			0.1			—			—
Actuarial (gain) loss	77.0			(39.4		)	0.6			—
Effect of exchange rates	(4.3		)	(0.7		)	—			—
Divestiture	—			—			—			—
Settlements and curtailments	(0.8		)	(1.6		)	—			—
Benefits paid	(21.9		)	(19.1		)	(2.0		)	(2.5		)
Benefit obligation at end of year	$	446.5		$	374.6		$	5.4		$	6.0

Changes in plan assets:
Fair value of plan assets at beginning of year	$	302.8		$	276.8		$	—		$	—
Actual gain return on plan assets	23.3			37.4			—			—
Employer contribution	14.5			9.9			1.4			1.8
Plan participants' contributions	—			—			0.6			0.7
Effect of exchange rates	(2.9		)	(0.6		)	—			—
Divestiture	—			—			—			—
Plan settlements	(0.8		)	(1.6		)	—			—
Benefits paid	(21.9		)	(19.1		)	(2.0		)	(2.5		)
Fair value of plan assets at end of year	315.0			302.8			—			—
Funded status / net amount recognized	$	(131.5	)	$	(71.8	)	$	(5.4	)	$	(6.0	)

Net amount recognized consists of:
Current liability	$	(1.6	)	$	(1.8	)	$	(0.9	)	$	(1.4	)
Non-current liability	(129.9		)	(70.0		)	(4.5		)	(4.6		)
Net amount recognized	$	(131.5	)	$	(71.8	)	$	(5.4	)	$	(6.0	)

Schedule of Non-current pension liability plan



	For the Years Ended December 31,
	2014		2013
Pension plans with a benefit obligation in excess of plan assets:
Projected benefit obligation	$	446.5	$	374.6
Accumulated benefit obligation	439.6		367.3
Fair value of plan assets	315.0		302.8

Components of net periodic benefit cost

Our U.S.-based pension plans comprised approximately 88% of the projected benefit obligation and 87% of plan assets as of December 31, 2014.



	Pension Benefits									Other Benefits
	2014			2013			2012			2014			2013			2012
Components of net periodic benefit cost as of December 31:
Service cost	$	4.2		$	5.2		$	5.8		$	—		$	—		$	0.2
Interest cost	17.7			16.2			17.5			0.2			0.2			0.4
Expected return on plan assets	(22.7		)	(20.7		)	(19.0		)	—			—			—
Amortization of prior service cost	0.3			0.4			0.4			(3.1		)	(3.1		)	(2.7		)
Recognized actuarial loss	6.6			9.2			8.7			1.5			1.5			1.4
Settlements and curtailments	0.4			1.5			7.1			—			—			—
Net periodic benefit cost ⁽¹⁾	$	6.5		$	11.8		$	20.5		$	(1.4	)	$	(1.4	)	$	(0.7	)

Summary of amounts recognized in AOCI in our financial statements

The following table sets forth amounts recognized in AOCI and Other comprehensive income (loss) in our financial statements for 2014 and 2013 (in millions):



	Pension Benefits						Other Benefits
	2014			2013			2014			2013
Amounts recognized in AOCI:
Prior service costs	$	(1.3	)	$	(1.7	)	$	18.1		$	21.1
Actuarial loss	(231.8		)	(164.4		)	(19.8		)	(20.7		)
Subtotal	(233.1		)	(166.1		)	(1.7		)	0.4
Deferred taxes	84.7			59.9			0.6			(0.2		)
Net amount recognized	$	(148.4	)	$	(106.2	)	$	(1.1	)	$	0.2
Changes recognized in other comprehensive income (loss):
Adjustment to OCI due to reclassification	$	—		$	—		$	—		$	—
Current year prior service costs	—			—			—			—
Current year actuarial (gain) loss	75.9			(56.1		)	0.6			—
Effect of exchange rates	(1.8		)	(0.6		)	—			—
Amortization of prior service (costs) credits	(0.3		)	(1.1		)	3.1			3.1
Amortization of actuarial loss	(7.0		)	(10.0		)	(1.5		)	(1.5		)
Total recognized in other comprehensive income	$	66.8		$	(67.8	)	$	2.2		$	1.6
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$	73.3		$	(56.0	)	$	0.8		$	0.2

Summary of health care cost trend rates

The following table sets forth the healthcare trend rate assumptions used:



	2014		2013
Assumed health care cost trend rates as of December 31:
Health care cost trend rate assumed for next year	7.50	%	8.00	%
Rate to which the cost rate is assumed to decline (the ultimate trend rate)	5.00	%	5.00	%
Year that the rate reaches the ultimate trend rate	2020		2020

Summary of one percentage-point change in assumed healthcare cost trend rate

A one percentage-point change in assumed healthcare cost trend rates would have the following effects (in millions):



	1-Percentage-Point Increase		1-Percentage-Point Decrease
Effect on total of service and interest cost	$	—	$	—
Effect on the post-retirement benefit obligation	0.2		(0.2		)

Summary of expected future benefit payments

Expected future benefit payments are shown in the table below (in millions):



	For the Years Ended December 31,
	2015		2016		2017		2018		2019		2020-2024
Pension benefits	$	18.0	$	18.3	$	18.9	$	19.5	$	20.0	$	124.9
Other benefits	0.9		0.7		0.6		0.6		0.5		1.7

Summary of weighted-average asset allocations

Our U.S. pension plans' weighted-average asset allocations as of December 31, 2014 and 2013, by asset category, are as follows:



	Plan Assets as of December 31,
Asset Category:	2014		2013
U.S. equity	28.3	%	37.8	%
International equity	17.1	%	26.7	%
Fixed income	52.6	%	33.8	%
Money market/cash	2.0	%	1.7	%
Total	100.0	%	100.0	%

Summary of target allocation percentage of assets

U.S. pension plan assets are invested within the following range targets:



Asset Category:	Target
U.S. equity	25.0	%
International equity	17.0	%
Fixed income	56.0	%
Money market/cash/guaranteed investment contracts	2.0	%

Summary of fair value of pension plan asset, by asset category

The fair values of our pension plan assets, by asset category, are as follows (in millions):



	Fair Value Measurements as of December 31, 2014
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total
Asset Category:
Cash and cash equivalents	5.8	—	—	5.8
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	—	78.0	—	78.0
International equity⁽²⁾	—	47.3	—	47.3
Fixed income⁽³⁾	—	145.4	—	145.4
Balanced pension trust:⁽⁴⁾
International equity	—	4.7	—	4.7
Fixed income	—	14.2	—	14.2
Pension fund:
International equity⁽⁵⁾	—	11.4	—	11.4
Fixed income⁽⁶⁾	—	8.2	—	8.2
Total	5.8	309.2	—	315.0



	Fair Value Measurements as of December 31, 2013
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total
Asset Category:
Cash and cash equivalents	8.2	—	—	8.2
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	—	100.1	—	100.1
International equity⁽²⁾	—	70.8	—	70.8
Fixed income⁽³⁾	—	89.4	—	89.4
Balanced pension trust:⁽⁴⁾
International equity	—	10.8	—	10.8
Fixed income	—	7.2	—	7.2
Pension fund:
International equity⁽⁵⁾	—	9.4	—	9.4
Fixed income⁽⁶⁾	—	6.9	—	6.9
Total	8.2	294.6	—	302.8

Summary of additional information about asset measured at net asset value per share

Additional information about assets measured at Net Asset Value (“NAV”) per share (in millions):



	As of December 31, 2014
	Fair Value		Redemption Frequency (if currently eligible)	Redemption Notice Period
Asset Category:
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	$	78.0	Daily	5 days
International equity⁽²⁾	47.3		Daily	5 days
Fixed income⁽³⁾	145.4		Daily	5-15 days
Balanced pension trust:⁽⁴⁾
International equity	4.7		Daily	3-5 days
Fixed income	14.2		Daily	3-5 days
Pension fund:
International equity⁽⁵⁾	11.4		Daily	1-7 days
Fixed income⁽⁶⁾	8.2		Daily	1-7 days
Total	$	309.2



	As of December 31, 2013
	Fair Value		Redemption Frequency (if currently eligible)	Redemption Notice Period
Asset Category:
Commingled pools / Collective Trusts:
U.S. equity ⁽¹⁾	$	100.1	Daily	5 days
International equity⁽²⁾	70.8		Daily	5 days
Fixed income⁽³⁾	89.4		Daily	5-15 days
Balanced pension trust:⁽⁴⁾
International equity	10.8		Daily	3-5 days
Fixed income	7.2		Daily	3-5 days
Pension fund:
International equity⁽⁵⁾	9.4		Daily	7 days
Fixed income⁽⁶⁾	6.9		Daily	7 days
Total	$	294.6



⁽¹⁾	This category includes investments primarily in U.S. equity securities that include large, mid and small capitalization companies.
⁽²⁾	This category includes investments primarily in international equity securities that include large, mid and small capitalization companies in large developed markets as well as emerging markets equities.
⁽³⁾	This category includes investments in U.S. investment grade and high yield fixed income securities, international fixed income securities and emerging markets fixed income securities.
⁽⁴⁾	The investment objectives of the fund are to provide long-term capital growth and income by investing primarily in a well-diversified, balanced portfolio of Canadian common stocks, bonds and money market securities. The fund also holds a portion of its assets in international equities.
⁽⁵⁾	This category includes investments in international equity securities and aims to provide returns consistent with the markets in which it invests and provide broad exposure to countries around the world.
⁽⁶⁾	This category includes investments in U.K. government index-linked securities (index-linked gilts) that have maturity periods of 5 years or longer and investment grade corporate bonds denominated in sterling.

U.S.-based pension plans [Member]

Weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the U.S. and Non-U.S.-based plans

The following tables set forth the weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the U.S.-based plans in 2014 and 2013:



	Pension Benefits				Other Benefits
	2014		2013		2014		2013
Weighted-average assumptions used to determine benefit obligations as of December 31:
Discount rate	4.04	%	4.88	%	3.23	%	3.57	%
Rate of compensation increase	4.23	%	4.23	%	—		—



	Pension Benefits						Other Benefits
	2014		2013		2012		2014		2013		2012
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate	4.88	%	3.97	%	4.83	%	3.57	%	2.72	%	4.64	%
Expected long-term return on plan assets	8.00	%	8.00	%	8.00	%	—		—		—
Rate of compensation increase	4.23	%	4.23	%	4.23	%	—		—		—

Foreign Pension Plan [Member]

Weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the U.S. and Non-U.S.-based plans

The following tables set forth the weighted-average assumptions used to determine Benefit Obligations and Net Periodic Benefit Cost for the non-U.S.-based plans in 2014 and 2013:



	Pension Benefits
	2014		2013
Weighted-average assumptions used to determine benefit obligations as of December 31:
Discount rate	3.45	%	4.38	%
Rate of compensation increase	3.66	%	3.31	%



	Pension Benefits
	2014		2013		2012
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate	4.38	%	4.12	%	4.93	%
Expected long-term return on plan assets	6.32	%	6.05	%	6.26	%
Rate of compensation increase	3.31	%	3.48	%	3.68	%

Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Items not reclassified in their entirety from Accumulated Other Comprehensive Income to Net Income

The following table provides information on items not reclassified in their entirety from AOCI to Net Income in the accompanying Consolidated Statements of Operations (in millions):



	For the Years Ended December 31,
AOCI Component	2014			2013			Affected Line Item(s) in the Consolidated Statements of Operations
Losses on cash flow hedges:
Commodity derivative contracts	$	(5.8	)	$	(4.2	)	Cost of goods sold
Income tax benefit	2.0			1.5			Provision for income taxes
Net of tax	$	(3.8	)	$	(2.7	)

Defined Benefit Plan Items:
Pension and Post-Retirement Benefits costs	$	(6.9	)	$	(9.5	)	Cost of goods sold; Selling, general and administrative expenses
Income tax benefit	2.4			3.4			Provision for income taxes
Net of tax	$	(4.5	)	$	(6.1	)

Foreign currency translation adjustments:
Sale of foreign business ⁽¹⁾	$	—		$	41.1		Loss from discontinued operations

Total reclassifications from AOCI	$	(8.3	)	$	32.3

⁽¹⁾ The reclassification of foreign currency translation adjustments related to the sale of the Service Experts business in the first quarter of 2013. Refer to Note 17 for details.

Changes in AOCI by component (net of tax)

The following tables provide information on changes in AOCI, by component (net of tax), for the years ended December 31, 2014 and 2013 (in millions):



	Gains (Losses) on Cash Flow Hedges			Unrealized Gains (Losses) on Available-for-Sale Securities		Defined Benefit Plan Items			Foreign Currency Translation Adjustments			Total AOCI
Balance as of December 31, 2013	$	(0.6	)	$	2.5	$	(106.0	)	$	43.0		$	(61.1	)
Other comprehensive (loss) income before reclassifications	(7.8		)	0.7		(47.9		)	(45.7		)	(100.7		)
Amounts reclassified from AOCI	3.8			—		4.5			—			8.3
Net other comprehensive (loss) income	(4.0		)	0.7		(43.4		)	(45.7		)	(92.4		)
Balance as of December 31, 2014	$	(4.6	)	$	3.2	$	(149.4	)	$	(2.7	)	$	(153.5	)



	Gains (Losses) on Cash Flow Hedges			Unrealized Gains (Losses) on Available-for-Sale Securities			Defined Benefit Plan Items			Foreign Currency Translation Adjustments			Total AOCI
Balance as of December 31, 2012	$	1.1		$	9.3		$	(147.5	)	$	114.8		$	(22.3	)
Other comprehensive (loss) income before reclassifications	(4.4		)	(6.8		)	35.4			(30.7		)	(6.5		)
Amounts reclassified from AOCI	2.7			—			6.1			(41.1		)	(32.3		)
Net other comprehensive (loss) income	(1.7		)	(6.8		)	41.5			(71.8		)	(38.8		)
Balance as of December 31, 2013	$	(0.6	)	$	2.5		$	(106.0	)	$	43.0		$	(61.1	)

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of stock -based compensation expense in operations



	For the Years Ended December 31,
	2014		2013		2012
Compensation expense⁽¹⁾	$	23.3	$	29.3	$	15.2

⁽¹⁾ Stock-Based compensation expense was recorded in our Corporate and other business segment.

Summary of status of undistributed performance share units

A summary of the status of our undistributed performance share units as of December 31, 2014, and changes during the year then ended, is presented below (in millions, except per share data):



	Shares		Weighted- Average Grant Date Fair Value per Share
Undistributed performance share units as of December 31, 2013	0.7		$	47.83
Granted	0.1		88.26
Adjustments to shares paid based on payout ratio	0.2		31.78
Distributed	(0.2	)	44.85
Forfeited	—		—
Undistributed performance share units as of December 31, 2014 ⁽¹⁾	0.8		$	49.47

Fair value of performance share units and tax deductions

The total fair value of performance share units distributed and the resulting tax deductions to realize tax benefits were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Fair value of performance share units distributed	$	19.6	$	9.9	$	6.0
Realized tax benefits from tax deductions	$	7.5	$	3.8	$	2.3

Summary of non vested restricted stock units

A summary of our non-vested restricted stock units as of December 31, 2014 and changes during the year then ended is presented below (in millions, except per share data):



	Shares		Weighted- Average Grant Date Fair Value per Share
Non-vested restricted stock units as of December 31, 2013	0.5		$	48.83
Granted	0.1		88.26
Distributed	(0.2	)	32.42
Forfeited	—		—
Non-vested restricted stock units as of December 31, 2014	0.4		$	69.09

Fair value of restricted stock units and tax deductions

The total fair value of restricted stock units vested and the resulting tax deductions to realize tax benefits were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Fair value of restricted stock units vested	$	19.5	$	11.1	$	8.6
Realized tax benefits from tax deductions	7.4		4.3		3.3

Summary of stock appreciation rights activity

A summary of our stock appreciation rights as of December 31, 2014, and changes during the year then ended, is presented below (in millions, except per share data):



	Shares		Weighted-Average Exercise Price per Share
Outstanding stock appreciation rights as of December 31, 2013	1.8		$	45.58
Granted	0.2		92.64
Exercised	(0.5	)	35.91
Forfeited	—		—
Outstanding stock appreciation rights as of December 31, 2014	1.5		$	56.20
Exercisable stock appreciation rights as of December 31, 2014	1.0		$	43.65

Summary of stock appreciation rights outstanding

The following table summarizes information about stock appreciation rights outstanding as of December 31, 2014 (in millions, except per share data and years):



	Stock Appreciation Rights Outstanding				Stock Appreciation Rights Exercisable
Range of Exercise Prices	Shares	Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value		Shares	Weighted-Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value
$28.24 to $36.94	0.5	3.1	$	33.2	0.5	3.1	$	33.2
$46.78 to $51.40	0.5	4.3	$	22.3	0.4	4.1	$	17.6
$81.11 to $92.64	0.5	6.5	$	4.1	0.1	6.0	$	1.2

The Schedule of total intrinsic value of stock appreciation rights exercised

The total intrinsic value of stock appreciation rights exercised and the resulting tax deductions to realize tax benefits were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Intrinsic value of stock appreciation rights exercised	$	27.3	$	16.7	$	14.4
Realized tax benefits from tax deductions	$	10.4	$	6.4	$	5.5

Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of stock appreciation rights

The following table provides information on our performance share units:



	For the Years Ended December 31,
	2014			2013			2012
Compensation expense for performance share units (in millions)	$	11.5		$	17.1		$	5.7
Weighted-average fair value of grants, per share	$	88.26		$	78.00		$	48.64
Payout ratio for shares paid	153.2		%	86.9		%	52.5		%

Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of stock appreciation rights

The following table provides information on our restricted stock units (in millions, except per share data):



	For the Years Ended December 31,
	2014		2013		2012
Compensation expense for restricted stock units	$	7.0	$	6.8	$	5.0
Weighted-average fair value of grants, per share	$	88.26	$	77.26	$	48.45

Stock Appreciation Rights (SARs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of stock appreciation rights

The following table provides information on our stock appreciation rights (in millions, except per share data):



	For the Years Ended December 31,
	2014		2013		2012
Compensation expense for stock appreciation rights	$	4.8	$	5.4	$	4.5
Weighted-average fair value of grants, per share	19.55		18.76		14.34

Schedule of Assumptions Used [Table Text Block]

The fair value of the stock appreciation rights granted in 2014, 2013 and 2012 were estimated on the date of grant using the following assumptions:



	2014		2013		2012
Expected dividend yield	1.75	%	1.36	%	1.75	%
Risk-free interest rate	1.27	%	1.12	%	0.48	%
Expected volatility	29.60	%	31.50	%	40.42	%
Expected life (in years)	4.04		4.02		4.14

Restructuring Charges (Tables)

12 Months Ended

Dec. 31, 2014

Restructuring Charges [Abstract]

Information regarding restructuring charges

Information regarding the restructuring charges for all ongoing activities are presented in the table below (in millions):



	Incurred in 2014		Incurred to Date		Total Expected to be Incurred
Severance and related expense	$	1.4	$	6.9	$	7.2
Asset write-offs and accelerated depreciation	0.3		1.8		1.8
Equipment moves	—		—		—
Lease termination	—		—		0.1
Other	0.2		1.9		2.3
Total	$	1.9	$	10.6	$	11.4

Information regarding restructuring charges by segment

While restructuring charges are excluded from our calculation of segment profit (loss), the table below presents the restructuring charges associated with each segment (in millions):



	Incurred in 2014			Incurred to Date		Total Expected to be Incurred
Residential Heating & Cooling	$	0.4		$	1.5	$	1.5
Commercial Heating & Cooling	—			0.9		0.9
Refrigeration	1.6			8.2		9.0
Corporate & Other	(0.1		)	—		—
Total	$	1.9		$	10.6	$	11.4



Segment	Products or Services	Markets Served	Geographic Areas
Residential Heating & Cooling	Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts	Residential Replacement; Residential New Construction	United States Canada
Commercial Heating & Cooling	Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment	Light Commercial	United States Canada Europe
Refrigeration	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems	Light Commercial; Food Preservation; Non-Food/Industrial	United States Canada Europe Asia Pacific South America

Details activity within the restructuring reserves

The activity within the restructuring accruals is summarized in the tables below (in millions):



Description of Reserves:	Balance as of December 31, 2013		Charged to Earnings		Cash Utilization			Non-Cash Utilization and Other			Balance as of December 31, 2014
Severance and related expense	$	1.6	$	1.4	$	(1.5	)	$	—		$	1.5
Asset write-offs and accelerated depreciation	—		0.3		—			(0.2		)	0.1
Equipment moves	—		—		—			—			—
Lease termination	—		—		—			—			—
Other	—		0.2		(0.2		)	—			—
Total restructuring reserves	$	1.6	$	1.9	$	(1.7	)	$	(0.2	)	$	1.6



Description of Reserves:	Balance as of December 31, 2012		Charged to Earnings		Cash Utilization			Non-Cash Utilization and Other			Balance as of December 31, 2013
Severance and related expense	$	0.7	$	2.7	$	(1.6	)	$	(0.2	)	$	1.6
Asset write-offs and accelerated depreciation	—		0.7		—			(0.7		)	—
Equipment moves	—		0.1		(0.1		)	—			—
Lease termination	1.2		—		(1.2		)	—			—
Other	0.5		1.5		(2.0		)	—			—
Total restructuring reserves	$	2.4	$	5.0	$	(4.9	)	$	(0.9	)	$	1.6

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Service Experts [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Assets and liabilities of the discontinued operations

A summary of net sales and pre-tax gains and losses for the Service Experts business is detailed below (in millions):



	For the Years Ended December 31,
	2014		2013			2012
Net sales ⁽¹⁾	$	—	$	73.5		$	385.1
Pre-tax operating income (loss) ⁽¹⁾⁽²⁾	2.6		(15.1		)	(50.8		)
Gain on sale of business	—		1.4			—

⁽¹⁾ Excludes eliminations of intercompany sales and any associated profit.

⁽²⁾ Pre-tax operating loss for the year ended December 31, 2012 included a $20.5 million goodwill impairment loss.

Hearth [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Assets and liabilities of the discontinued operations

A summary of net sales and pre-tax gains and losses for the Hearth business is detailed below (in millions):



	For the Years Ended December 31,
	2014			2013		2012
Net sales ⁽¹⁾	$	—		$	—	$	23.5
Pre-tax operating income (loss) ⁽¹⁾⁽²⁾	(6.3		)	0.5		(13.7		)
Loss on sale of business	—			—		(0.9		)

⁽¹⁾ Excludes eliminations of intercompany sales and any associated profit.

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

Computations of basic and diluted loss per share for Loss from Continuing Operations

Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

The computations of basic and diluted earnings per share for Income from continuing operations were as follows (in millions, except per share data):



	For the Years Ended December 31,
	2014			2013			2012
Net income	$	205.8		$	171.8		$	90.0
Add: Loss from discontinued operations	2.3			8.1			45.0
Income from continuing operations	$	208.1		$	179.9		$	135.0

Weighted-average shares outstanding – basic	47.9			49.8			50.7
Add: Potential effect of diluted securities attributable to stock-based payments	0.7			0.8			0.7
Weighted-average shares outstanding – diluted	48.6			50.6			51.4

Earnings per share - Basic:
Income from continuing operations	$	4.35		$	3.61		$	2.66
Loss from discontinued operations	(0.05		)	(0.16		)	(0.89		)
Net income	$	4.30		$	3.45		$	1.77

Earnings per share - Diluted:
Income from continuing operations	$	4.28		$	3.55		$	2.63
Loss from discontinued operations	(0.05		)	(0.16		)	(0.88		)
Net income	$	4.23		$	3.39		$	1.75

Stock appreciation rights were outstanding, but not included in the diluted loss per share calculation



	For the Years Ended December 31,
	2014	2013	2012
Weighted-average number of shares	0.3	0.1	0.1
Price ranges per share	$81.11 - $92.64	$81.11 - $81.14	$51.11 - $51.40

Reportable Business Segments (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting, Measurement Disclosures [Abstract]

Net sales, segment profit (loss) by business segment and reconciliation of segment profit (loss) to Income from Continuing Operations before Income Taxes

While restructuring charges are excluded from our calculation of segment profit (loss), the table below presents the restructuring charges associated with each segment (in millions):



	Incurred in 2014			Incurred to Date		Total Expected to be Incurred
Residential Heating & Cooling	$	0.4		$	1.5	$	1.5
Commercial Heating & Cooling	—			0.9		0.9
Refrigeration	1.6			8.2		9.0
Corporate & Other	(0.1		)	—		—
Total	$	1.9		$	10.6	$	11.4



Segment	Products or Services	Markets Served	Geographic Areas
Residential Heating & Cooling	Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts	Residential Replacement; Residential New Construction	United States Canada
Commercial Heating & Cooling	Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment	Light Commercial	United States Canada Europe
Refrigeration	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems	Light Commercial; Food Preservation; Non-Food/Industrial	United States Canada Europe Asia Pacific South America

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Net sales and segment profit (loss) by segment, along with a reconciliation of segment profit (loss) to Income from continuing operations before income taxes, are shown below (in millions):



	For the Years Ended December 31,
	2014			2013			2012
Net Sales ⁽¹⁾
Residential Heating & Cooling	$	1,736.5		$	1,583.2		$	1,375.8
Commercial Heating & Cooling	878.5			844.4			785.4
Refrigeration	752.4			771.5			788.2
	$	3,367.4		$	3,199.1		$	2,949.4
Segment Profit (Loss) ⁽²⁾
Residential Heating & Cooling	$	235.8		$	180.1		$	102.9
Commercial Heating & Cooling	124.0			118.1			99.5
Refrigeration	55.4			90.2			81.9
Corporate and other	(74.3		)	(87.9		)	(60.1		)
Subtotal that includes segment profit and eliminations	340.9			300.5			224.2
Reconciliation to income from continuing operations before income taxes:
Special product quality adjustments	(1.4		)	(2.3		)	1.1
Items in Losses and other expenses, net that are excluded from segment profit (loss) ⁽²⁾	4.7			8.8			(0.2		)
Restructuring charges	1.9			5.0			4.2
Interest expense, net	17.2			14.5			17.1
Special inventory write down	1.0			—			—
Other expense, net	(0.1		)	0.2			0.3
Income from continuing operations before income taxes	$	317.6		$	274.3		$	201.7

⁽¹⁾ On a consolidated basis, no revenue from transactions with a single customer were 10% or greater of our consolidated net sales for any of the periods presented.


•	Special product quality adjustments;


•	The following items in Losses and other expenses, net:


◦	Net change in unrealized gains and/or losses on unsettled futures contracts,


◦	Special legal contingency charges,


◦	Asbestos-related litigation,


◦	Environmental liabilities, and


◦	Other items, net;


•	Restructuring charges;


•	Goodwill, long-lived asset, and equity method investment impairments;


•	Interest expense, net;


•	Special inventory write down; and


•	Other expense, net.

Total assets by business segment

Total assets by segment are shown below (in millions):



	As of December 31,
	2014		2013		2012
Total Assets:
Residential Heating & Cooling	$	632.3	$	500.0	$	457.5
Commercial Heating & Cooling	353.4		346.3		321.9
Refrigeration	551.5		572.0		585.3
Corporate and other	227.1		208.4		228.6
Assets for continuing operations	1,764.3		1,626.7		1,593.3
Discontinued operations (See Note 17)	—		—		98.6
Total assets	$	1,764.3	$	1,626.7	$	1,691.9

Summary of capital expenditures, depreciation and amortization, and income from equity method investments expense by business segment

Total capital expenditures by segment are shown below (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Capital Expenditures:
Residential Heating & Cooling	$	39.4	$	34.2	$	13.7
Commercial Heating & Cooling	14.1		11.2		8.7
Refrigeration	15.8		16.5		15.6
Corporate and other	19.1		16.4		12.2
Total capital expenditures ⁽¹⁾	$	88.4	$	78.3	$	50.2

⁽¹⁾Includes amounts recorded under capital leases. There were no significant new capital leases in 2014, 2013 or 2012.

Depreciation and amortization expenses by segment are shown below (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Depreciation and Amortization:
Residential Heating & Cooling	$	20.7	$	20.5	$	19.9
Commercial Heating & Cooling	9.3		9.0		8.5
Refrigeration	16.3		15.3		13.0
Corporate and other	14.5		14.1		14.0
Total depreciation and amortization	$	60.8	$	58.9	$	55.4

The equity method investments are shown below (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Income from Equity Method Investments:
Refrigeration	$	2.5	$	2.5	$	2.6
Corporate and other ⁽¹⁾	11.3		9.7		7.9
Total income from equity method investments	$	13.8	$	12.2	$	10.5

Summary of financial information relating to geographic area based operations

Net sales for each major geographic area in which we operate are shown below (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Net Sales to External Customers by Point of Shipment:
United States	$	2,576.4	$	2,382.0	$	2,147.2
Canada	236.3		232.3		226.7
International	554.7		584.8		575.5
Total net sales to external customers	$	3,367.4	$	3,199.1	$	2,949.4

Property, plant, and equipment, net for each major geographic area

Property, plant and equipment, net for each major geographic area in which we operate, based on the domicile of our operations, are shown below (in millions):



	As of December 31,
	2014		2013		2012
Property, Plant and Equipment, net:
United States	$	243.4	$	230.3	$	227.9
Mexico	52.4		39.7		28.0
Canada	0.6		0.6		0.6
International	62.2		64.9		41.7
Total Property, plant and equipment, net	$	358.6	$	335.5	$	298.2

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis



	As of December 31,
	2014		2013
Quoted Prices in Active Markets for Identical Assets (Level 1):
Investment in marketable equity securities	$	5.3	$	4.4

Other Fair Value Measurements

The following table presents the fair value for our senior unsecured notes in Long-term debt (in millions):



	As of December 31,
	2014		2013
Quoted Prices in Active Markets for Similar Instruments (Level 2):
Senior unsecured notes	$	210.6	$	214.0

Selected Quarterly Financial Information (unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Summary of information on net sales, gross profit, net income, earnings per share and dividends per share

The following tables provide information on Net sales, Gross profit, Net income, Earnings per share and Cash dividends declared per share by quarter (in millions, except per share data):



	Net Sales ⁽¹⁾				Gross Profit ⁽¹⁾				Net Income (Loss) ⁽¹⁾
	2014		2013		2014		2013		2014		2013
First Quarter	$	695.4	$	668.4	$	168.1	$	162.0	$	19.9	$	8.0
Second Quarter	960.7		913.1		262.6		254.0		73.9		64.3
Third Quarter	898.4		868.0		247.1		237.4		67.4		64.3
Fourth Quarter	812.8		749.5		225.4		207.7		44.6		35.2



	Basic Earnings (Loss) per Share ⁽²⁾				Diluted Earnings (Loss) per Share ⁽²⁾				Cash Dividends per Common Share
	2014		2013		2014		2013		2014		2013
First Quarter	$	0.41	$	0.16	$	0.40	$	0.16	$	0.24	$	0.20
Second Quarter	1.51		1.28		1.49		1.26		0.30		0.24
Third Quarter	1.40		1.29		1.38		1.27		0.30		0.24
Fourth Quarter	0.98		0.72		0.96		0.70		0.30		0.24

⁽¹⁾ The sum of the quarterly results for each of the four quarters may not equal the full year results due to rounding.

Losses and Other Expenses, net (Tables)

12 Months Ended

Dec. 31, 2014

Losses (Gains) and Other Expenses, net [Abstract]

Summary of Losses (Gains) and Other Expenses, net

Losses and other expenses, net in our Consolidated Statements of Operations were as follows (in millions):



	For the Years Ended December 31,
	2014			2013			2012
Realized losses on settled futures contracts	$	0.8		$	1.0		$	1.5
Foreign currency exchange losses	1.6			0.5			0.8
Losses (gains) on disposal of fixed assets	(0.3		)	(1.0		)	0.4
Net change in unrealized losses (gains) on unsettled futures contracts	0.6			0.4			(2.2		)
Asbestos-related litigation	0.9			6.3			—
Acquisition expenses	—			0.2			0.1
Special legal contingency charges	0.9			1.2			1.2
Environmental liabilities	2.0			—			—
Other items, net	0.3			0.7			0.7
Losses and other expenses, net	$	6.8		$	9.3		$	2.5

Below is information about expenses included in our Consolidated Statements of Operations (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Research and development ⁽¹⁾	$	60.7	$	53.7	$	50.7
Advertising, promotions and marketing ⁽²⁾	41.9		45.2		59.4
Cooperative advertising expenditures ⁽³⁾	13.1		10.9		9.5
Rent expense ⁽⁴⁾	50.5		53.5		67.8

⁽³⁾ Cooperative advertising expenditures were included in Selling, general and administrative expenses in the Consolidated Statements of Operations.

Supplemental Information (Tables)

12 Months Ended

Dec. 31, 2014

Supplemental Information [Abstract]

Summary of expenses in statements of operations

Losses and other expenses, net in our Consolidated Statements of Operations were as follows (in millions):



	For the Years Ended December 31,
	2014			2013			2012
Realized losses on settled futures contracts	$	0.8		$	1.0		$	1.5
Foreign currency exchange losses	1.6			0.5			0.8
Losses (gains) on disposal of fixed assets	(0.3		)	(1.0		)	0.4
Net change in unrealized losses (gains) on unsettled futures contracts	0.6			0.4			(2.2		)
Asbestos-related litigation	0.9			6.3			—
Acquisition expenses	—			0.2			0.1
Special legal contingency charges	0.9			1.2			1.2
Environmental liabilities	2.0			—			—
Other items, net	0.3			0.7			0.7
Losses and other expenses, net	$	6.8		$	9.3		$	2.5

Below is information about expenses included in our Consolidated Statements of Operations (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Research and development ⁽¹⁾	$	60.7	$	53.7	$	50.7
Advertising, promotions and marketing ⁽²⁾	41.9		45.2		59.4
Cooperative advertising expenditures ⁽³⁾	13.1		10.9		9.5
Rent expense ⁽⁴⁾	50.5		53.5		67.8

⁽³⁾ Cooperative advertising expenditures were included in Selling, general and administrative expenses in the Consolidated Statements of Operations.

Summary of Components of Interest Expense

Our Provision for income taxes from continuing operations consisted of the following (in millions):



	For the Years Ended December 31,
	2014		2013			2012
Current:
Federal	$	84.3	$	71.9		$	47.5
State	10.1		8.5			7.3
Foreign	9.6		16.2			13.4
Total current	104.0		96.6			68.2
Deferred:
Federal	2.3		(4.0		)	0.7
State	1.0		2.5			(0.2		)
Foreign	2.2		(0.7		)	(2.0		)
Total deferred	5.5		(2.2		)	(1.5		)
Total provision for income taxes	$	109.5	$	94.4		$	66.7

The components of Interest expense, net in our Consolidated Statements of Operations were as follows (in millions):



	For the Years Ended December 31,
	2014		2013		2012
Interest expense, net of capitalized interest	$	18.9	$	16.5	$	18.9
Interest income	1.7		2.0		1.8
Interest expense, net	$	17.2	$	14.5	$	17.1

Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Consolidating Financial Statements [Abstract]

Condensed Balance Sheet

Condensed Consolidating Balance Sheets

As of December 31, 2014

(In millions)



	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	1.0		$	11.5	$	25.0		$	—		$	37.5
Accounts and notes receivable, net	—			12.3		409.1			—			421.4
Inventories, net	—			350.6		119.7			(7.0		)	463.3
Deferred income taxes, net	2.8			27.3		7.4			(5.0		)	32.5
Other assets	3.6			45.7		67.2			(57.2		)	59.3
Total current assets	7.4			447.4		628.4			(69.2		)	1,014.0
Property, plant and equipment, net	—			269.0		89.6			—			358.6
Goodwill	—			140.4		69.0			—			209.4
Investment in subsidiaries	978.1			263.5		(0.6		)	(1,241.0		)	—
Deferred income taxes	0.5			90.8		15.8			(9.6		)	97.5
Other assets, net	5.2			61.0		20.1			(1.5		)	84.8
Intercompany receivables (payables), net	(280.4		)	302.4		(22.0		)	—			—
Total assets	$	710.8		$	1,574.5	$	800.3		$	(1,321.3	)	$	1,764.3
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—		$	—	$	226.6		$	—		$	226.6
Current maturities of long-term debt	22.5			1.2		0.3			—			24.0
Accounts payable	13.4			237.8		73.1			—			324.3
Accrued expenses	9.0			175.5		54.5			—			239.0
Income taxes payable	(3.7		)	34.7		47.5			(65.1		)	13.4
Total current liabilities	41.2			449.2		402.0			(65.1		)	827.3
Long-term debt	659.5			15.3		0.2			—			675.0
Post-retirement benefits, other than pensions	—			4.5		—			—			4.5
Pensions	—			117.6		12.3			—			129.9
Other liabilities	1.1			118.7		11.7			(12.9		)	118.6
Total liabilities	701.8			705.3		426.2			(78.0		)	1,755.3
Commitments and contingencies
Total stockholders' equity	9.0			869.2		374.1			(1,243.3		)	9.0
Total liabilities and stockholders' equity	$	710.8		$	1,574.5	$	800.3		$	(1,321.3	)	$	1,764.3

Condensed Consolidating Balance Sheets

As of December 31, 2013

(In millions)



	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	1.1		$	10.5	$	26.4		$	—		$	38.0
Accounts and notes receivable, net	—			12.8		395.3			—			408.1
Inventories, net	—			253.6		128.4			(3.2		)	378.8
Deferred income taxes, net	0.9			21.2		5.7			(3.3		)	24.5
Other assets	3.4			38.4		70.2			(59.0		)	53.0
Total current assets	5.4			336.5		626.0			(65.5		)	902.4
Property, plant and equipment, net	—			246.4		89.1			—			335.5
Goodwill	—			140.4		76.4			—			216.8
Investment in subsidiaries	1,138.8			337.5		(0.6		)	(1,475.7		)	—
Deferred income taxes	—			76.9		20.2			(8.6		)	88.5
Other assets, net	4.2			64.3		16.4			(1.4		)	83.5
Intercompany receivables (payables), net	(460.6		)	434.0		26.6			—			—
Total assets	$	687.8		$	1,636.0	$	854.1		$	(1,551.2	)	$	1,626.7
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—		$	—	$	165.9		$	—		$	165.9
Current maturities of long-term debt	—			1.0		0.3			—			1.3
Accounts payable	11.8			187.8		83.5			—			283.1
Accrued expenses	3.3			168.4		60.4			—			232.1
Income taxes payable	(30.3		)	75.7		49.9			(63.7		)	31.6
Total current liabilities	(15.2		)	432.9		360.0			(63.7		)	714.0
Long-term debt	217.0			15.8		0.4			—			233.2
Post-retirement benefits, other than pensions	—			4.6		—			—			4.6
Pensions	—			58.4		11.6			—			70.0
Other liabilities	0.3			119.4		11.3			(11.8		)	119.2
Total liabilities	202.1			631.1		383.3			(75.5		)	1,141.0
Commitments and contingencies
Total stockholders' equity	485.7			1,004.9		470.8			(1,475.7		)	485.7
Total liabilities and stockholders' equity	$	687.8		$	1,636.0	$	854.1		$	(1,551.2	)	$	1,626.7

Condensed Statement of Operations and Comprehensive Income

Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 2014

(In millions)



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	—		$	2,775.7		$	818.0		$	(226.3	)	$	3,367.4
Cost of goods sold	—			2,057.8			628.3			(222.0		)	2,464.1
Gross profit	—			717.9			189.7			(4.3		)	903.3
Operating expenses:
Selling, general and administrative expenses	—			454.5			119.2			—			573.7
Losses and other expenses, net	—			3.2			3.6			—			6.8
Restructuring charges	—			0.4			1.5			—			1.9
Income from equity method investments	(216.4		)	(25.4		)	(11.3		)	239.3			(13.8		)
Operational income from continuing operations	216.4			285.2			76.7			(243.6		)	334.7
Interest expense, net	16.0			(3.0		)	4.2			—			17.2
Other expense, net	—			—			(0.1		)	—			(0.1		)
Income from continuing operations before income taxes	200.4			288.2			72.6			(243.6		)	317.6
Provision for income taxes	(5.6		)	91.7			24.9			(1.5		)	109.5
Income from continuing operations	206.0			196.5			47.7			(242.1		)	208.1
Loss from discontinued operations	—			—			(2.3		)	—			(2.3		)
Net income	$	206.0		$	196.5		$	45.4		$	(242.1	)	$	205.8
Other comprehensive loss	$	(4.1	)	$	(51.2	)	$	(34.8	)	$	(2.3	)	$	(92.4	)
Comprehensive Income	$	201.9		$	145.3		$	10.6		$	(244.4	)	$	113.4

Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 2013

(In millions)



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,557.9		$	837.0		$	(195.8	)	$	3,199.1
Cost of goods sold	—			1,900.9			632.8			(195.8		)	2,337.9
Gross profit	—			657.0			204.2			—			861.2
Operating expenses:
Selling, general and administrative expenses	—			437.1			133.0			—			570.1
Losses and other expenses, net	1.1			7.9			0.3			—			9.3
Restructuring charges	—			2.9			2.1			—			5.0
Income from equity method investments	(181.7		)	(26.4		)	(9.7		)	205.6			(12.2		)
Operational income from continuing operations	180.6			235.5			78.5			(205.6		)	289.0
Interest expense, net	14.0			(2.1		)	2.6			—			14.5
Other expense, net	—			—			0.2			—			0.2
Income from continuing operations before income taxes	166.6			237.6			75.7			(205.6		)	274.3
Provision for income taxes	(5.2		)	73.7			25.9			—			94.4
Income from continuing operations	171.8			163.9			49.8			(205.6		)	179.9
Loss from discontinued operations	—			—			(8.1		)	—			(8.1		)
Net income	$	171.8		$	163.9		$	41.7		$	(205.6	)	$	171.8
Other comprehensive loss	$	(38.8	)	$	36.3		$	(6.1	)	$	(30.2	)	$	(38.8	)
Comprehensive income	$	133.0		$	200.2		$	35.6		$	(235.8	)	$	133.0

Condensed Consolidating Statements of Operations and Comprehensive Income

For the Year Ended December 31, 2012

(In millions)



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	—		$	2,327.7		$	824.0		$	(202.3	)	$	2,949.4
Cost of goods sold	0.2			1,799.6			629.2			(201.9		)	2,227.1
Gross profit	(0.2		)	528.1			194.8			(0.4		)	722.3
Operating expenses:
Selling, general and administrative expenses	—			374.3			132.7			—			507.0
Losses and other expenses, net	(1.7		)	1.1			3.2			(0.1		)	2.5
Restructuring charges	—			2.8			1.4			—			4.2
Income from equity method investments	(116.3		)	(17.0		)	(7.8		)	130.6			(10.5		)
Operational income from continuing operations	117.8			166.9			65.3			(130.9		)	219.1
Interest expense, net	16.6			(2.4		)	2.9			—			17.1
Other expense, net	—			—			0.3			—			0.3
Income from continuing operations before income taxes	101.2			169.3			62.1			(130.9		)	201.7
Provision for income taxes	(4.9		)	50.5			21.2			(0.1		)	66.7
Income from continuing operations	106.1			118.8			40.9			(130.8		)	135.0
Loss from discontinued operations	—			(18.5		)	(26.5		)	—			(45.0		)
Net income	$	106.1		$	100.3		$	14.4		$	(130.8	)	$	90.0
Other comprehensive income	$	6.7		$	(2.8	)	$	5.2		$	5.7		$	14.8
Comprehensive Income	$	112.8		$	97.5		$	19.6		$	(125.1	)	$	104.8

Condensed Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2014

(In millions)



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash flows from operating activities:	$	328.8		$	(97.2	)	$	(46.8	)	$	—	$	184.8
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	—			1.0			0.1			—		1.1
Purchases of property, plant and equipment	—			(70.5		)	(17.9		)	—		(88.4		)
Net cash used in investing activities	—			(69.5		)	(17.8		)	—		(87.3		)
Cash flows from financing activities:
Short-term borrowings, net	—			—			1.5			—		1.5
Asset securitization borrowings	—			—			100.0			—		100.0
Asset securitization payments	—			—			(40.0		)	—		(40.0		)
Term loan borrowings from credit facility	300.0			—			—			—		300.0
Long-term debt payments	—			(1.9		)	(0.4		)	—		(2.3		)
Borrowings from credit facility	2,073.5			—			—			—		2,073.5
Payments on credit facility	(1,908.5		)	—			—			—		(1,908.5		)
Payments of deferred financing costs	(2.2		)	—			—			—		(2.2		)
Proceeds from employee stock purchases	2.0			—			—			—		2.0
Repurchases of common stock	(550.3		)	—			—			—		(550.3		)
Repurchases of common stock to satisfy employee withholding tax obligations	(22.4		)	—			—			—		(22.4		)
Excess tax benefits related to share-based payments	11.8			—			—			—		11.8
Intercompany debt	(0.1		)	4.7			(4.6		)	—		—
Intercompany financing activity	(180.1		)	164.9			15.2			—		—
Cash dividends paid	(52.6		)	—			—			—		(52.6		)
Net cash provided by (used in) financing activities	(328.9		)	167.7			71.7			—		(89.5		)
Increase (decrease) in cash and cash equivalents	(0.1		)	1.0			7.1			—		8.0
Effect of exchange rates on cash and cash equivalents	—			—			(8.5		)	—		(8.5		)
Cash and cash equivalents, beginning of year	1.1			10.5			26.4			—		38.0
Cash and cash equivalents, end of year	$	1.0		$	11.5		$	25.0		$	—	$	37.5

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2013

(In millions)



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash flows from operating activities:	$	(30.4	)	$	328.4		$	(87.7	)	$	—	$	210.3
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	—			2.4			—			—		2.4
Purchases of property, plant and equipment	—			(55.8		)	(22.5		)	—		(78.3		)
Net Proceeds from sale of business	5.3			—			3.3			—		8.6
Net cash used in investing activities	5.3			(53.4		)	(19.2		)	—		(67.3		)
Cash flows from financing activities:
Short-term borrowings, net	—			—			2.0			—		2.0
Asset securitization borrowings	—			—			330.0			—		330.0
Asset securitization payments	—			—			(200.0		)	—		(200.0		)
Long-term debt payments	—			(0.7		)	(0.3		)	—		(1.0		)
Borrowings from revolving credit facility	1,425.5			—			—			—		1,425.5
Payments on revolving credit facility	(1,543.5		)	—			—			—		(1,543.5		)
Proceeds from employee stock purchases	1.8			—			—			—		1.8
Additional investment in subsidiary	—			—			(0.5		)	—		(0.5		)
Repurchases of common stock	(125.0		)	—			—			—		(125.0		)
Repurchases of common stock to satisfy employee withholding tax obligations	(12.0		)	—			—			—		(12.0		)
Excess tax benefits related to share-based payments	6.5			—			—			—		6.5
Intercompany debt	(26.8		)	12.3			14.5			—		—
Intercompany financing activity	332.7			(289.5		)	(43.2		)	—		—
Cash dividends paid	(34.0		)	—			—			—		(34.0		)
Net cash provided by (used in) financing activities	25.2			(277.9		)	102.5			—		(150.2		)
Decrease in cash and cash equivalents	0.1			(2.9		)	(4.4		)	—		(7.2		)
Effect of exchange rates on cash and cash equivalents	—			—			(6.6		)	—		(6.6		)
Cash and cash equivalents, beginning of year	1.0			13.4			37.4			—		51.8
Cash and cash equivalents, end of year	$	1.1		$	10.5		$	26.4		$	—	$	38.0

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2012

(In millions)



	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash flows from operating activities:	$	20.7		$	207.3		$	(6.6	)	$	—	$	221.4
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment	—			0.1			—			—		0.1
Purchases of property, plant and equipment	—			(37.7		)	(12.5		)	—		(50.2		)
Net proceeds from sale of business	—			10.1			—			—		10.1
Net cash used in discontinued operations	—			(0.5		)	0.1			—		(0.4		)
Net cash used in investing activities	—			(28.0		)	(12.4		)	—		(40.4		)
Cash flows from financing activities:
Short-term borrowings, net	—			—			0.2			—		0.2
Asset securitization borrowings	—			—			645.0			—		645.0
Asset securitization payments	—			—			(615.0		)	—		(615.0		)
Long-term debt payments	—			(0.7		)	(0.4		)	—		(1.1		)
Borrowings from revolving credit facility	967.0			—			—			—		967.0
Payments on revolving credit facility	(1,075.0		)	—			—			—		(1,075.0		)
Proceeds from stock option exercises	0.8			—			—			—		0.8
Repurchases of common stock	(50.1		)	—			—			—		(50.1		)
Repurchases of common stock to satisfy employee withholding tax obligations	(7.8		)	—			—			—		(7.8		)
Excess tax benefits related to share-based payments	3.5			—			—			—		3.5
Intercompany debt	2.4			(4.0		)	1.6			—		—
Intercompany financing activity	186.1			(170.9		)	(15.2		)	—		—
Cash dividends paid	(47.6		)	—			—			—		(47.6		)
Net cash provided by (used in) financing activities	(20.7		)	(175.6		)	16.2			—		(180.1		)
Increase (decrease) in cash and cash equivalents	—			3.7			(2.8		)	—		0.9
Effect of exchange rates on cash and cash equivalents	—			—			5.9			—		5.9
Cash and cash equivalents, beginning of year	1.0			9.7			34.3			—		45.0
Cash and cash equivalents, end of year	$	1.0		$	13.4		$	37.4		$	—	$	51.8

Nature of Operations Nature of Operations Textual (Details)	12 Months Ended
	Dec. 31, 2014 Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable business segments	3

Summary of Significant Accounting Policies (Details)	12 Months Ended
Summary of Significant Accounting Policies (Details)	Dec. 31, 2014
Building and improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	5 years
Building and improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	30 years
Leasehold improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	1 year
Leasehold improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	20 years
Computer hardware [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	3 years
Computer hardware [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	5 years
Computer software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	3 years
Computer software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	10 years
Factory machinery and equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	1 year
Factory machinery and equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	15 years
Research and development equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	5 years
Research and development equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	15 years
Vehicles [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	3 years
Vehicles [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	8 years

Summary of Significant Accounting Policies (Details 2) - Maximum [Member]	12 Months Ended
	Dec. 31, 2014
Customer relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	12 years
Patents and others [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
LIFO Inventory Amount	$ 212.9	$ 187.3
Minimum Product Warranties	1 year
Maximum Product Warranties	20 years

Inventories (Details) - USD ($) $ in Millions	12 Months Ended
Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Components of inventories
Finished goods	$ 338.2	$ 251.4
Work in process	8.1	11.8
Raw materials and repair parts	182.6	188.9
Gross inventories	528.9	452.1
Excess of current cost over last-in, first-out cost	(65.6)	(73.3)
Total inventories, net	463.3	378.8
Inventories (Textual) [Abstract]
Pre-tax income (loss) from LIFO inventory liquidations	$ 0.0	$ 0.3	$ (0.1)

Goodwill and Intangible Assets (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Goodwill

$ 216.8

$ 223.8

0.0

(7.4)

^[1]

(7.0)

Residential Heating & Cooling [Member]

209.4

216.8

Goodwill

26.1

^[2]

0.0

^[1]

0.0

Commercial Heating & Cooling [Member]

26.1

Goodwill

64.6

63.8

^[2]

0.0

^[1]

(2.3)

0.8

62.3

64.6

Refrigeration [Member]

Goodwill

126.1

133.9

^[2]

0.0

^[1]

(5.1)

(7.8)

Designated as Hedging Instrument [Member]

$ 121.0

$ 126.1

[1]	Other consists of changes in foreign currency translation rates.
[2]	The goodwill balances in the table above are presented net of accumulated impairment charges of $15.7 million, all of which relate to impairments in periods prior to 2012.

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 60.0	$ 57.9
Accumulated Amortization	(32.2)	(30.1)
Net Amount	27.8	27.8
Deferred financing costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	5.4	5.0
Accumulated Amortization	(1.5)	(2.3)
Net Amount	3.9	2.7
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	42.6	42.6
Accumulated Amortization	(23.1)	(20.6)
Net Amount	19.5	22.0
Patents and others [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	12.0	10.3
Accumulated Amortization	(7.6)	(7.2)
Net Amount	$ 4.4	$ 3.1

Goodwill and Intangible Assets (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 3.9	$ 3.9	$ 3.8

Goodwill and Intangible Assets (Details 3) $ in Millions	Dec. 31, 2014 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2015	$ 3.8
2016	3.7
2017	3.5
2018	3.4
2019	3.2
Thereafter	$ 10.2

Goodwill and Intangible Assets (Details Textual) $ in Millions	Dec. 31, 2014 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Accumulated impairment losses	$ 15.7
Intangible assets, primarily consisting of trademarks	$ 9.4

Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Abstract]
Land	$ 38.3	$ 39.5
Buildings and improvements	215.0	202.5
Machinery and equipment	681.8	634.0
Capital Leased Assets, Gross	27.0	25.2
Construction in progress and equipment not yet in service	50.6	51.6
Total	1,012.7	952.8
Less accumulated depreciation	(654.1)	(617.3)
Property, plant and equipment, net	$ 358.6	$ 335.5	$ 298.2

Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Abstract]
Impairment charges	$ 0	$ 0	$ 0

Joint Ventures and Other Equity Investments (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments	$ 30.9	$ 28.0

Joint Ventures and Other Equity Investments (Details 1) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Equity Method Investments and Joint Ventures [Abstract]
Purchase of compressors from joint venture	$ 114.7	$ 96.7	$ 90.4

Joint Ventures and Other Equity Investments Joint Ventures and Other Equity Investments (Details Textuals)	Dec. 31, 2014 joint_venture
Schedule of Equity Method Investments [Line Items]
Number of joint ventures	2
United States [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership in joint ventures	25.00%
Mexico [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership in joint ventures	50.00%

Accrued Expenses (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]
Accrued compensation and benefits	$ 73.3	$ 85.7
Self insurance reserves	13.0	13.4
Deferred income	11.6	9.8
Accrued warranties	27.3	28.7
Accrued product quality issue	4.2	3.4
Accrued Sales, Use and VAT taxes	8.7	7.1
Accrued rebates and promotions	45.4	37.0
Derivative contracts	7.4	1.5
Other	48.1	45.5
Total Accrued expenses	$ 239.0	$ 232.1

Derivatives (Details) - Commodity Price Hedges [Member] - Cash Flow Hedging [Member] - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), before Tax	$ 7.2	$ 0.8
Expense for (benefit from) income taxes	(2.6)	(0.2)
(Gains) losses included in AOCI, net of tax	$ 4.6	$ 0.6

Derivatives (Details 1) - lb lb in Millions	Dec. 31, 2014	Dec. 31, 2013
Copper [Member] \| Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, nonmonetary notional amount	29.4	22.9
Copper [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, nonmonetary notional amount	2.9	2.0
Aluminum [Member] \| Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, nonmonetary notional amount	2.2	2.7

Derivatives (Details 2) - Foreign Exchange Forward [Member] - Not Designated as Hedging Instrument [Member] ₽ in Millions, € in Millions, ₨ in Millions, £ in Millions, zł in Millions, R$ in Millions, $ in Millions, $ in Millions	Dec. 31, 2014 INR (₨)	Dec. 31, 2014 USD ($)	Dec. 31, 2014 RUB (₽)	Dec. 31, 2014 GBP (£)	Dec. 31, 2014 PLN (zł)	Dec. 31, 2014 MXN ($)	Dec. 31, 2014 EUR (€)	Dec. 31, 2014 BRL (R$)	Dec. 31, 2013 INR (₨)	Dec. 31, 2013 USD ($)	Dec. 31, 2013 RUB (₽)	Dec. 31, 2013 GBP (£)	Dec. 31, 2013 PLN (zł)	Dec. 31, 2013 MXN ($)	Dec. 31, 2013 EUR (€)	Dec. 31, 2013 BRL (R$)
Brazilian Real
Derivative [Line Items]
Derivative, monetary notional amount \| R$								R$ 8.7								R$ 1.2
Mexican Peso
Derivative [Line Items]
Derivative, monetary notional amount						$ 229.7								$ 130.0
United States Dollar
Derivative [Line Items]
Derivative, monetary notional amount		$ 4.5								$ 0.0
Euro
Derivative [Line Items]
Derivative, monetary notional amount \| €							€ 3.6								€ 0.0
British Pound
Derivative [Line Items]
Derivative, monetary notional amount \| £				£ 0.0								£ 3.4
Russian Ruble
Derivative [Line Items]
Derivative, monetary notional amount \| ₽			₽ 80.8								₽ 0.0
Indian Rupee
Derivative [Line Items]
Derivative, monetary notional amount \| ₨	₨ 0.0								₨ 28.0
Polish Zloty
Derivative [Line Items]
Derivative, monetary notional amount \| zł					zł 30.6								zł 32.6

Derivatives (Details 3) - Fair Value, Inputs, Level 2 [Member] - USD ($)
$ in Millions

Dec. 31, 2014

Dec. 31, 2013

^[1]

$ 0.0

$ 0.4

Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Current Assets [Member]

^[1]

7.2

1.2

Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Non-Current Assets [Member]

^[1]

0.0

0.1

Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Current Liabilities [Member]

^[1]

0.0

0.3

Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Non-Current Liabilities [Member]

^[1]

6.7

1.2

Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Current Assets [Member]

^[1]

0.5

0.0

Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Current Liabilities [Member]

^[1]

0.0

Not Designated as Hedging Instrument [Member]

^[1]

0.0

^[1]

0.3

0.1

Not Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Current Assets [Member]

^[1]

0.8

0.3

Not Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Non-Current Assets [Member]

^[1]

0.0

Not Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Current Liabilities [Member]

^[1]

0.0

Not Designated as Hedging Instrument [Member] | Commodity Futures Contracts [Member] | Non-Current Liabilities [Member]

^[1]

0.7

0.3

Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Current Assets [Member]

^[1]

0.1

0.0

Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Current Liabilities [Member]

^[1]

0.3

0.1

Cash Flow Hedging [Member]

^[1]

$ 0.0

[1]	All derivative instruments are classified as Level 2 within the fair value hierarchy. See Note 20 for more information on fair value measurements.

Derivatives (Details 4) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Effect of Derivative Instruments on Consolidated Statements of Operations

Amount of Loss (Gain) Reclassified from AOCI into Income (Effective Portion)

$ 5.8

$ 4.2

$ 7.9

Cash Flow Hedging [Member] | Cost of Goods Sold [Member] | Commodity Futures Contracts [Member]

Effect of Derivative Instruments on Consolidated Statements of Operations

Amount of Loss (Gain) Reclassified from AOCI into Income (Effective Portion)

^[1]

5.8

4.2

6.0

Cash Flow Hedging [Member] | Interest Expense Net [Member] | Interest Rate Swap [Member]

Effect of Derivative Instruments on Consolidated Statements of Operations

Amount of Loss (Gain) Reclassified from AOCI into Income (Effective Portion)

^[2]

0.0

1.9

Cash Flow Hedging [Member] | Other Expense [Member] | Commodity Futures Contracts [Member]

Effect of Derivative Instruments on Consolidated Statements of Operations

Amount of (Gain) Loss Recognized in Income on Derivatives (Ineffective Portion)

^[3]

0.1

0.2

(0.1)

Not Designated as Hedging Instrument [Member]

Effect of Derivative Instruments on Consolidated Statements of Operations

Amount of Loss (Gain) Recognized in Income on Derivatives

0.4

1.3

(0.1)

Not Designated as Hedging Instrument [Member] | Other Expense [Member] | Commodity Futures Contracts [Member]

Effect of Derivative Instruments on Consolidated Statements of Operations

Amount of Loss (Gain) Recognized in Income on Derivatives

^[3]

1.2

(0.5)

Not Designated as Hedging Instrument [Member] | Other Expense [Member] | Foreign Currency Forward Contracts [Member]

Effect of Derivative Instruments on Consolidated Statements of Operations

Amount of Loss (Gain) Recognized in Income on Derivatives

^[3]

$ (0.8)

$ 0.1

$ 0.4

[1]	The loss (gain) was recorded in Cost of goods sold in the accompanying Consolidated Statements of Operations.
[2]	The loss was recorded in Interest expense, net in the accompanying Consolidated Statements of Operations.
[3]	The loss (gain) was recorded in Losses and other expenses, net in the accompanying Consolidated Statements of Operations.

Derivatives (Details Textual) - USD ($) $ in Millions	12 Months Ended
Derivatives (Details Textual) - USD ($) $ in Millions	Dec. 31, 2014	Oct. 11, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedge derivative gains (losses) expected to be reclassified into earnings within the next 12 months	$ 4.2
Revolving Credit Facility [Member] \| Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of hedged item		$ 100.0

Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current:
Federal	$ 84.3	$ 71.9	$ 47.5
State	10.1	8.5	7.3
Foreign	9.6	16.2	13.4
Total current	104.0	96.6	68.2
Deferred:
Federal	2.3	(4.0)	0.7
State	1.0	2.5	(0.2)
Foreign	2.2	(0.7)	(2.0)
Total deferred	5.5	(2.2)	(1.5)
Total income tax provision	$ 109.5	$ 94.4	$ 66.7

Income Taxes (Details 1) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Details 1) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Domestic	$ 283.7	$ 231.1	$ 169.9
Foreign	33.9	43.2	31.8
Income from continuing operations before income taxes	$ 317.6	$ 274.3	$ 201.7

Income Taxes (Details 2) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Details 2) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Provision at the U.S. statutory rate of 35%	$ 111.2	$ 96.0	$ 70.6
U.S. statutory rate	35.00%	35.00%	35.00%
Increase (reduction) in tax expense resulting from:
State income tax, net of federal income tax benefit	$ 8.8	$ 7.1	$ 5.9
Other permanent items	(8.2)	(6.4)	(3.1)
Research tax credit	0.0	(0.5)	0.0
Change in unrecognized tax benefits	0.2	0.7	(5.1)
Change in valuation allowance	0.2	0.7	2.3
Foreign taxes at rates other than 35% and miscellaneous other	(2.7)	(3.2)	(3.9)
Total income tax provision	$ 109.5	$ 94.4	$ 66.7

Income Taxes (Details 3) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Gross deferred tax assets:
Warranties	$ 30.9	$ 29.3
Net operating losses (foreign and U.S. state)	23.6	28.2
Post-retirement and pension benefits	50.7	28.3
Inventory reserves	4.4	4.8
Receivables allowance	4.9	5.1
Compensation liabilities	19.6	22.6
Deferred income	1.0	0.9
Insurance liabilities	15.8	18.1
Legal reserves	11.1	10.7
Hedges	2.8	0.6
State credits, net of federal effect	8.8	8.7
Other	9.2	7.7
Total deferred tax assets	182.8	165.0
Valuation allowance	(21.2)	(21.2)
Total deferred tax assets, net of valuation allowance	161.6	143.8
Gross deferred tax liabilities:
Depreciation	(10.8)	(12.4)
Intangibles	(11.0)	(8.7)
Other	(9.9)	(9.7)
Total deferred tax liabilities	(31.7)	(30.8)
Net deferred tax assets	$ 129.9	$ 113.0

Income Taxes (Details 4) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Details 4) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of the beginning and ending amount of unrecognized tax benefits
Beginning Balance	$ 1.7	$ 1.0
Increases related to prior year tax positions	0.7	0.7
Decreases related to prior year tax positions	(0.7)	(0.1)
Increases related to current year tax positions	0.0	0.1
Settlement	(0.1)
Ending Balance	$ 1.6	$ 1.7

Income Taxes (Details Textual) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Accumulated Foreign Earnings [Line Items]
Undistributed Earnings of Foreign Subsidiaries	$ 122.0
Tax effected in state net operating loss carryforwards	3.8	$ 5.0
Tax effected in foreign net operating loss carryforwards	18.5	21.8
Future foreign taxable income	71.2
Domestic Taxable Income	201.6	$ 198.7
Unrecognized tax benefits that would impact the effective tax rate	1.2
Interest and penalties in income tax expense	$ 0.2

Commitments and Contingencies (Details) $ in Millions	Dec. 31, 2014 USD ($)
Operating Leases
2015, Operating leases	$ 37.8
2016, Operating leases	29.4
2017, Operating leases	24.0
2018, Operating leases	18.5
2019, Operating leases	12.1
Thereafter, Operating Leases	19.7
Total minimum lease payments	141.5
Capital Leases
2015, Capital leases	1.5
2016, Capital leases	0.8
2017, Capital leases	0.5
2018, Capital leases	0.3
2019, Capital leases	0.1
Thereafter, Capital leases	14.3
Total minimum lease payments, Capital leases	17.5
Less amount representing interest	(0.5)
Present value of minimum payments	$ 17.0

Commitments and Contingencies (Details 1) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Accrued expenses	$ 1.7	$ 1.4
Other liabilities	4.5	3.8
Total	$ 6.2	$ 5.2

Commitments and Contingencies (Details 2) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]
Accrued expenses	$ 27.3	$ 28.7
Other liabilities	59.9	52.9
Total product warranty liabilities	$ 87.2	$ 81.6	$ 71.9

Commitments and Contingencies (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Changes in the total warranty liabilities
Total warranty liability, Beginning Balance	$ 81.6	$ 71.9
Payments made	(23.1)	(21.3)
Changes resulting from issuance of new warranties	33.4	29.6
Change in estimates associated with pre-existing liabilities	(3.5)	1.6
Changes in foreign currency translation rates and other	(1.2)	(0.2)
Total warranty liability, Ending Balance	$ 87.2	$ 81.6

Commitments and Contingencies (Details 4) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Accrued expenses	$ 13.0	$ 13.4
Other liabilities	25.8	32.0
Total self-insurance liabilities	$ 38.8	$ 45.4

Commitments and Contingencies (Details Textual) $ in Millions		3 Months Ended	12 Months Ended
	Mar. 22, 2013 ft²	Dec. 31, 2013 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Mar. 31, 2013 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Number of years of lease of corporate headquarters	6 years
Area of leased office building \| ft²	192,000
Purchase price of property at end of Lease Term					$ 41.2
Percentage of Lease Balance as final payment end of lease term					86.00%
Expense for known and future asbestos-related litigation		$ 6.3	$ 0.9	$ 6.3
Estimated probable liability for a supplier quality issue, minimum			2.2
Estimated probable liability for a supplier quality issue, maximum			6.0
Accrued product liability			2.2
Reimbursement receivable from supplier			$ 2.2

Lines of Credit and Financing Arrangements (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Short-Term Debt:
Short-term debt	$ 226.6	$ 165.9
Current maturities of long-term debt:
Capital lease obligations	1.5	1.3
Long-Term Debt:
Capital lease obligations	15.5	16.2
Total long-term debt	675.0	233.2
Total debt	925.6	400.4
Domestic Credit Facility [Member]
Current maturities of long-term debt:
Long-term Debt, Current Maturities	22.5	0.0
Long-Term Debt:
Total long-term debt	459.5	17.0
Senior Unsecured Notes [Member]
Long-Term Debt:
Total long-term debt	200.0	200.0
Asset Securitization Program [Member]
Short-Term Debt:
Short-term debt	220.0	160.0
Foreign Obligations [Member]
Short-Term Debt:
Short-term debt	$ 6.6	$ 5.9

Lines of Credit and Financing Arrangements (Details 1) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Debt Proceeds [Line Items]
Proceeds from (Repayments of) Debt	$ 18.1	$ 18.3	$ 18.5
2014	250.6
2015	31.2
2016	230.0
2017	32.6
2018	369.5
Thereafter	$ 11.7

Lines of Credit and Financing Arrangements (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Debt Proceeds [Line Items]
Proceeds from (Repayments of) Debt	$ 18.1	$ 18.3	$ 18.5
Eligible amounts available and beneficial interests sold
Eligible amount available under the ASP on qualified accounts receivable	220.0	160.0
Beneficial interest sold	220.0	160.0
Remaining amount available	$ 0.0	$ 0.0

Lines of Credit and Financing Arrangements (Details 3)	Dec. 31, 2014	Dec. 31, 2013
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Weighted average borrowing rate	1.88%	1.17%

Lines of Credit and Financing Arrangements (Details 4) - Revolving Credit Facility [Member]	12 Months Ended
	Dec. 31, 2014
Maximum [Member]
Line of Credit Facility [Line Items]
Indebtedness To Adjusted EBITDA Ratio	3.5
Minimum [Member]
Line of Credit Facility [Line Items]
Cash Flow To Net Interest Expense Ratio	3.0

Lines of Credit and Financing Arrangements (Details Textual) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Short-term Debt [Line Items]
Short-term Debt	$ 226.6	$ 165.9
Short-term Debt [Member]
Short-term Debt [Line Items]
Short-term Debt	250.0
Foreign Line of Credit [Member]
Short-term Debt [Line Items]
Short-term Debt	$ 6.6	$ 5.9

Lines of Credit and Financing Arrangements (Details Textual 1) - USD ($)	12 Months Ended
	Dec. 31, 2014	Nov. 13, 2014	Nov. 12, 2014	Dec. 31, 2013	Nov. 30, 2013
Line of Credit Facility [Line Items]
Maximum securitization as percentage of net pool balance	100.00%
Program fee	0.60%
Average floating commercial paper rate	0.79%			0.78%
Unused fee	101.00%
Fixed rate of agreement	0.30%
Unused fee charged on incremental available amounts	0.05%
Minimum [Member]
Line of Credit Facility [Line Items]
Maximum securitization, amount		$ 180,000,000			$ 160,000,000
Maximum [Member]
Line of Credit Facility [Line Items]
Maximum securitization, amount		$ 220,000,000			$ 220,000,000
Domestic Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 950,000,000
Outstanding borrowings	482,000,000
Letters of credit	27,200,000
Remaining borrowing capacity	440,800,000
Maximum increase in borrowings under Domestic Revolving Credit Facility	350,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	650,000,000		$ 650,000,000
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	150,000,000
Subfacility for Swingline Loans [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	65,000,000
Term Loan [Member] \| Domestic Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount	300,000,000
Quarterly principal payment	$ 7,500,000

Lines of Credit and Financing Arrangements (Details Textual 2) $ in Millions	12 Months Ended
	Dec. 31, 2014 USD ($)
Line of Credit [Member]
Line of Credit Facility [Line Items]
Minimum amount of principal or interest due on indebtedness or receivable securitization	$ 75.0

Lines of Credit and Financing Arrangements (Details Textual 3) - Senior Notes [Member] - USD ($)	12 Months Ended
	Dec. 31, 2014	May 31, 2010
Debt Instrument [Line Items]
Debt issued		$ 200,000,000
Fixed interest rate for senior unsecured notes	4.90%
Maturity date of senior unsecured notes	May 15, 2017
Minimum amount of principal or interest due on indebtedness or receivable securitization	$ 75,000,000
Number of days within notice date acceleration is not rescinded	30 days

Lines of Credit and Financing Arrangements Debt Repayments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
debt repayments [Line Items]
Proceeds from (Repayments of) Debt	$ 18.1	$ 18.3	$ 18.5
debt repayments [Table Text Block]	16.6	16.3	18.3

Employee Benefit Plans (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Contributions to defined contribution plans

^[1]

$ 14.8

$ 13.7

$ 13.2

Other Postretirement Benefit Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate

3.23%

3.57%

[1]	Contributions of $0.4 million and $2.0 million were included in Loss from discontinued operations for the years ended December 31, 2013 and 2012, respectively.

Employee Benefit Plans (Details 1) - USD ($) $ in Millions	12 Months Ended
Employee Benefit Plans (Details 1) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Changes in plan assets:
Fair value of plan assets at beginning of year	$ 302.8
Fair value of plan assets at end of year	315.0	$ 302.8
Pension Plans, Defined Benefit [Member]
Pension and Postretirement Benefit Plans recognized in financial statements
Accumulated benefit obligation	439.6	367.3
Changes in projected benefit obligation:
Benefit obligation at beginning of year	374.6	413.9
Service cost	4.2	5.2	$ 5.8
Interest cost	17.7	16.2	17.5
Plan participants' contributions	0.0	0.0
Amendments	0.0	0.0
Other	0.0	0.1
Actuarial (gain) loss	77.0	(39.4)
Effect of exchange rates	(4.3)	(0.7)
Divestiture	0.0	0.0
Settlements and curtailments	(0.8)	(1.6)
Benefits paid	(21.9)	(19.1)
Benefit obligation at end of year	446.5	374.6	413.9
Changes in plan assets:
Fair value of plan assets at beginning of year	302.8	276.8
Actual gain return on plan assets	23.3	37.4
Employer contribution	14.5	9.9
Plan participants' contributions	0.0	0.0
Effect of exchange rates	(2.9)	(0.6)
Divestiture	0.0	0.0
Plan settlements	(0.8)	(1.6)
Benefits paid	(21.9)	(19.1)
Fair value of plan assets at end of year	315.0	302.8	276.8
Funded status / net amount recognized	(131.5)	(71.8)
Net amount recognized consists of:
Current liability	(1.6)	(1.8)
Non-current liability	(129.9)	(70.0)
Net amount recognized	(131.5)	(71.8)
Other Postretirement Benefit Plan [Member]
Changes in projected benefit obligation:
Benefit obligation at beginning of year	6.0	7.6
Service cost	0.0	0.0	0.2
Interest cost	0.2	0.2	0.4
Plan participants' contributions	0.6	0.7
Amendments	0.0	0.0
Other	0.0	0.0
Actuarial (gain) loss	0.6	0.0
Effect of exchange rates	0.0	0.0
Divestiture	0.0	0.0
Settlements and curtailments	0.0	0.0
Benefits paid	(2.0)	(2.5)
Benefit obligation at end of year	5.4	6.0	7.6
Changes in plan assets:
Fair value of plan assets at beginning of year	0.0	0.0
Actual gain return on plan assets	0.0	0.0
Employer contribution	1.4	1.8
Plan participants' contributions	0.6	0.7
Effect of exchange rates	0.0	0.0
Divestiture	0.0	0.0
Plan settlements	0.0	0.0
Benefits paid	(2.0)	(2.5)
Fair value of plan assets at end of year	0.0	0.0	$ 0.0
Funded status / net amount recognized	(5.4)	(6.0)
Net amount recognized consists of:
Current liability	(0.9)	(1.4)
Non-current liability	(4.5)	(4.6)
Net amount recognized	$ (5.4)	$ (6.0)

Employee Benefit Plans (Details 2) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Pension plans with a benefit obligation in excess of plan assets:
Projected benefit obligation	$ 446.5	$ 374.6
Accumulated benefit obligation	439.6	367.3
Fair value of plan assets	$ 315.0	$ 302.8

Employee Benefit Plans (Details 3) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Pension Benefits [Member]

Components of net periodic benefit cost

Service cost

$ 4.2

$ 5.2

$ 5.8

Interest cost

17.7

16.2

17.5

Expected return on plan assets

(22.7)

(20.7)

(19.0)

Amortization of prior service cost

0.3

0.4

Amortization of net loss

6.6

9.2

8.7

Settlements or curtailments

0.4

1.5

7.1

Total net periodic benefit cost

^[1]

6.5

11.8

20.5

Other Postretirement Benefit Plan [Member]

Components of net periodic benefit cost

Service cost

0.0

0.2

Interest cost

0.2

0.4

Expected return on plan assets

0.0

Amortization of prior service cost

(3.1)

(2.7)

Amortization of net loss

1.5

1.4

Settlements or curtailments

0.0

Total net periodic benefit cost

^[1]

$ (1.4)

$ (0.7)

[1]	Pension expense of $0.2 million and $6.9 million was included in Loss for discontinued operations for the years ended December 31, 2013 and 2012, respectively.

Employee Benefit Plans (Details 4) - USD ($) $ in Millions	12 Months Ended
Employee Benefit Plans (Details 4) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Changes recognized in other comprehensive income (loss):
Total recognized in other comprehensive income	$ (6.9)	$ (9.5)	$ (14.9)
Pension Benefits [Member]
Amounts recognized in other comprehensive income (loss):
Prior service costs	(1.3)	(1.7)
Actuarial loss	(231.8)	(164.4)
Subtotal	(233.1)	(166.1)
Deferred taxes	84.7	59.9
Net amount recognized	(148.4)	(106.2)
Changes recognized in other comprehensive income (loss):
Adjustment to OCI due to reclassification	0.0	0.0
Current year prior service costs	0.0	0.0
Current year actuarial loss	75.9	(56.1)
Effect of exchange rates	1.8	0.6
Amortization of prior service (costs) credits	(0.3)	(1.1)
Amortization of actuarial loss	(7.0)	(10.0)
Total recognized in other comprehensive income	66.8	(67.8)
Total recognized in net periodic benefit cost and other comprehensive income (loss)	73.3	(56.0)
Other Benefits [Member]
Amounts recognized in other comprehensive income (loss):
Prior service costs	18.1	21.1
Actuarial loss	(19.8)	(20.7)
Subtotal	(1.7)	0.4
Deferred taxes	0.6	(0.2)
Net amount recognized	(1.1)	0.2
Changes recognized in other comprehensive income (loss):
Adjustment to OCI due to reclassification	0.0	0.0
Current year prior service costs	0.0	0.0
Current year actuarial loss	0.6	0.0
Effect of exchange rates	0.0	0.0
Amortization of prior service (costs) credits	3.1	3.1
Amortization of actuarial loss	(1.5)	(1.5)
Total recognized in other comprehensive income	2.2	1.6
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$ 0.8	$ 0.2

Employee Benefit Plans (Details 5)	12 Months Ended
Employee Benefit Plans (Details 5)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Pension Benefits [Member]
Weighted-average assumptions used to determine benefit obligations as of December 31:
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.04%	4.88%
Rate of compensation increase	4.23%	4.23%
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate	4.88%	3.97%	4.83%
Expected long-term return on plan assets	8.00%	8.00%	8.00%
Rate of compensation increase	4.23%	4.23%	4.23%
Other Postretirement Benefit Plan [Member]
Weighted-average assumptions used to determine benefit obligations as of December 31:
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.23%	3.57%
Rate of compensation increase	0.00%	0.00%
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate	3.57%	2.72%	4.64%
Expected long-term return on plan assets	0.00%	0.00%	0.00%
Rate of compensation increase	0.00%	0.00%	0.00%

Employee Benefit Plans (Details 6) - Foreign Pension Plan [Member]	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Weighted-average assumptions used to determine benefit obligations as of December 31:
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.45%	4.38%
Rate of compensation increase	3.66%	3.31%
Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate	4.38%	4.12%	4.93%
Expected long-term return on plan assets	6.32%	6.05%	6.26%
Rate of compensation increase	3.31%	3.48%	3.68%

Employee Benefit Plans (Details 7)	12 Months Ended
Employee Benefit Plans (Details 7)	Dec. 31, 2014	Dec. 31, 2013
Assumed Health Care Cost Trend Rates
Health care cost trend rate assumed for next year	7.50%	8.00%
Rate to which the cost rate is assumed to decline (the ultimate trend rate)	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2020	2020

Employee Benefit Plans (Details 8) $ in Millions	12 Months Ended
Employee Benefit Plans (Details 8) $ in Millions	Dec. 31, 2014 USD ($)
Summary of one percentage-point change in assumed healthcare cost trend rate
Effect of one percentage point increase on total of service and interest cost	$ 0.0
Effect of one percentage point decrease on total of service and interest cost	0.0
Effect of one percentage point increase on the postretirement benefit obligation	0.2
Effect of one percentage point decrease on the postretirement benefit obligation	$ (0.2)

Employee Benefit Plans (Details 9) $ in Millions	Dec. 31, 2014 USD ($)
Pension Benefits [Member]
Summary of expected future benefit payments
2015	$ 18.0
2016	18.3
2017	18.9
2018	19.5
2019	20.0
2020-2024	124.9
Other Postretirement Benefit Plan [Member]
Summary of expected future benefit payments
2015	0.9
2016	0.7
2017	0.6
2018	0.6
2019	0.5
2020-2024	$ 1.7

Employee Benefit Plans (Details 10)	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan, Information about Plan Assets [Abstract]
Weighted average asset allocations	100.00%	100.00%
U.S. equity [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Weighted average asset allocations	28.30%	37.80%
International equity [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Weighted average asset allocations	17.10%	26.70%
Fixed income [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Weighted average asset allocations	52.60%	33.80%
Money market
Defined Benefit Plan, Information about Plan Assets [Abstract]
Weighted average asset allocations	2.00%	1.70%

Employee Benefit Plans (Details 11)	12 Months Ended
Employee Benefit Plans (Details 11)	Dec. 31, 2014	Dec. 31, 2013
Equity Securities [Member]
Summary of target allocation percentage of assets
Target	42.00%	60.00%
U.S. equity [Member]
Summary of target allocation percentage of assets
Target	25.00%	36.00%
International equity [Member]
Summary of target allocation percentage of assets
Target	17.00%	24.00%
Fixed Income, Money Market, Cash and Guaranteed Investment Contracts [Member]
Summary of target allocation percentage of assets
Target	58.00%	40.00%
Fixed income [Member]
Summary of target allocation percentage of assets
Target	56.00%
Money market/cash/guaranteed investments contract [Member]
Summary of target allocation percentage of assets
Target	2.00%

Employee Benefit Plans (Details 13) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

$ 315.0

$ 302.8

NAV [Member]

Commingled Pools / Collective Trusts [Member] | U.S. Equity [Member]

309.2

294.6

^[1]

$ 78.0

$ 100.1

^[2]

Daily

Commingled Pools / Collective Trusts [Member] | International Equity [Member]

^[2]

5 days

^[1]

$ 47.3

$ 70.8

^[1]

Daily

Commingled Pools / Collective Trusts [Member] | Fixed income [Member]

^[1]

5 days

^[3]

$ 145.4

$ 89.4

Balanced pension trusts [Member] | International Equity [Member]

^[3]

Daily

^[4]

$ 4.7

$ 10.8

Balanced pension trusts [Member] | Fixed income [Member]

^[4]

Daily

^[4]

$ 14.2

$ 7.2

Pension Funds [Member] | International Equity [Member]

^[4]

Daily

^[5]

$ 11.4

$ 9.4

^[5]

Daily

Pension Funds [Member] | Fixed income [Member]

^[4]

7 days

^[6]

$ 8.2

$ 6.9

^[6]

Daily

Minimum [Member] | Commingled Pools / Collective Trusts [Member] | Fixed income [Member]

^[4]

7 days

Minimum [Member] | Balanced pension trusts [Member] | International Equity [Member]

5 days

Minimum [Member] | Balanced pension trusts [Member] | Fixed income [Member]

3 days

Minimum [Member] | Pension Funds [Member] | International Equity [Member]

3 days

Minimum [Member] | Pension Funds [Member] | Fixed income [Member]

1 day

Maximum [Member] | Commingled Pools / Collective Trusts [Member] | Fixed income [Member]

1 day

Maximum [Member] | Balanced pension trusts [Member] | International Equity [Member]

15 days

Maximum [Member] | Balanced pension trusts [Member] | Fixed income [Member]

5 days

Maximum [Member] | Pension Funds [Member] | International Equity [Member]

5 days

Maximum [Member] | Pension Funds [Member] | Fixed income [Member]

7 days

7 days

[1]	This category includes investments primarily in international equity securities that include large, mid and small capitalization companies in large developed markets as well as emerging markets equities.
[2]	This category includes investments primarily in U.S. equity securities that include large, mid and small capitalization companies.
[3]	This category includes investments in U.S. investment grade and high yield fixed income securities, international fixed income securities and emerging markets fixed income securities.
[4]	The investment objectives of the fund are to provide long-term capital growth and income by investing primarily in a well-diversified, balanced portfolio of Canadian common stocks, bonds and money market securities. The fund also holds a portion of its assets in international equities.
[5]	This category includes investments in international equity securities and aims to provide returns consistent with the markets in which it invests and provide broad exposure to countries around the world.
[6]	This category includes investments in U.K. government index-linked securities (index-linked gilts) that have maturity periods of 5 years or longer and investment grade corporate bonds denominated in sterling.

Employee Benefit Plans (Details Textual) - USD ($)

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Percentage of Medical Coverage Cost Payable by Participants

100.00%

Contributions to defined contribution plans

^[1]

$ 14,800,000

$ 13,700,000

$ 13,200,000

U.S.-based pension plans [Member]

Projected benefit obligation

88.00%

Plan assets

87.00%

Long-term rate of return on assets assumption

8.00%

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate

4.94%

Components of fair value in our plan assets

88.00%

Pension Benefits [Member]

Estimated prior service (cost) credits

Pension expense

^[2]

$ 6,500,000

$ 11,800,000

$ 20,500,000

(200,000)

Estimated actuarial gains (losses)

$ (10,300,000)

Long-term rate of return on assets assumption

8.00%

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate

4.04%

4.88%

U.S. non-qualified pension plans [Member]

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate

4.30%

Other Postretirement Benefit Plan [Member]

Estimated prior service (cost) credits

Pension expense

^[2]

$ (1,400,000)

$ (700,000)

2,800,000

Estimated actuarial gains (losses)

$ (1,400,000)

Long-term rate of return on assets assumption

0.00%

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate

3.23%

3.57%

Canadian Pension Plans [Member]

Components of fair value in our plan assets

6.00%

United Kingdom Pension Plans [Member]

Components of fair value in our plan assets

6.00%

Fixed income [Member] | United Kingdom Pension Plans [Member]

Weighted average maturity period

5 years

Discontinued Operations [Member]

Contributions to defined contribution plans

$ 0

$ 400,000

$ 2,000,000

Pension expense

^[2]

$ 0

$ 200,000

$ 6,900,000

[1]	Contributions of $0.4 million and $2.0 million were included in Loss from discontinued operations for the years ended December 31, 2013 and 2012, respectively.
[2]	Pension expense of $0.2 million and $6.9 million was included in Loss for discontinued operations for the years ended December 31, 2013 and 2012, respectively.

Comprehensive Income (Details) - USD ($) $ in Millions	12 Months Ended
Comprehensive Income (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	$ (2,464.1)	$ (2,337.9)	$ (2,227.1)
Income tax expense	(109.5)	(94.4)	(66.7)
Discontinued operations	2.3	8.1	$ 45.0
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications from AOCI	(8.3)	32.3
Gains/(Losses) on cash flow hedges [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	2.0	1.5
Total reclassifications from AOCI	(3.8)	(2.7)
Defined Benefit Pension Plan Items [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	(6.9)	(9.5)
Income tax expense	2.4	3.4
Total reclassifications from AOCI	(4.5)	(6.1)
Foreign currency translation adjustments [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Discontinued operations	0.0	41.1
Commodity Contract [Member] \| Gains/(Losses) on cash flow hedges [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	$ (5.8)	$ (4.2)

Comprehensive Income (Details 1) - USD ($) $ in Millions	12 Months Ended
Comprehensive Income (Details 1) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Changes in AOCI by component (net of tax) [Roll Forward]
Beginning balance	$ (61.1)	$ (22.3)
Other comprehensive income/(loss) before reclassifications	(100.7)	(6.5)
Amounts reclassified from AOCI	8.3	(32.3)
Net other comprehensive (loss) income	(92.4)	(38.8)
Ending balance	(153.5)	(61.1)
Gains / (Losses) on Cash Flow Hedges [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Beginning balance	(0.6)	1.1
Other comprehensive income/(loss) before reclassifications	(7.8)	(4.4)
Amounts reclassified from AOCI	3.8	2.7
Net other comprehensive (loss) income	(4.0)	(1.7)
Ending balance	(4.6)	(0.6)
Unrealized Gains / (Losses) on Available-for-Sale Securities [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Beginning balance	2.5	9.3
Other comprehensive income/(loss) before reclassifications	0.7	(6.8)
Amounts reclassified from AOCI	0.0	0.0
Net other comprehensive (loss) income	0.7	(6.8)
Ending balance	3.2	2.5
Defined Benefit Pension Plan Items [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Beginning balance	(106.0)	(147.5)
Other comprehensive income/(loss) before reclassifications	(47.9)	35.4
Amounts reclassified from AOCI	4.5	6.1
Net other comprehensive (loss) income	(43.4)	41.5
Ending balance	(149.4)	(106.0)
Foreign Currency Translation Adjustments [Member]
Changes in AOCI by component (net of tax) [Roll Forward]
Beginning balance	43.0	114.8
Other comprehensive income/(loss) before reclassifications	(45.7)	(30.7)
Amounts reclassified from AOCI	0.0	(41.1)
Net other comprehensive (loss) income	(45.7)	(71.8)
Ending balance	$ (2.7)	$ 43.0

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

^[1]

$ 23.3

$ 29.3

$ 15.2

[1]	Stock-Based compensation expense was recorded in our Corporate and other business segment.

Stock-Based Compensation (Details 1) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Payout ratio for shares paid

^[1]

$ 23.3

$ 29.3

$ 15.2

100.00%

Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted-average fair value of grants, per share

$ 11.5

$ 17.1

$ 5.7

$ 88.26

$ 78.00

$ 48.64

Payout ratio for shares paid

153.20%

86.90%

52.50%

[1]	Stock-Based compensation expense was recorded in our Corporate and other business segment.

Stock-based Compensation (Details 2) - Performance Shares [Member] - $ / shares
shares in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Schedule of information on stock units

Undistributed, Beginning Balance

0.7

Undistributed, Weighted-Average Grant Date Fair Value per Share, Beginning Balance

$ 47.83

Granted

0.1

Granted, Weighted-Average Grant Date Fair Value per Share

$ 88.26

$ 78.00

$ 48.64

Additional shares earned

0.2

Additional shares earned, Weighted-Average Grant Date Fair Value per Share

$ 31.78

Distributed

(0.2)

Distributed, Weighted-Average Grant Date Fair Value per Share

$ 44.85

Forfeited

0.0

Forfeited, Weighted-Average Grant Date Fair Value per Share

$ 0.00

Undistributed, Ending Balance

0.8

^[1]

0.7

Undistributed, Weighted-Average Grant Date Fair Value per Share, Ending Balance

$ 49.47

^[1]

$ 47.83

[1]	Undistributed performance share units include approximately 0.4 million units with a weighted-average grant date fair value of $68.27 per share that had not yet vested and 0.4 million units that have vested but were not yet distributed.

Stock-based Compensation (Details 3) - Performance Shares [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares or units distributed	$ 19.6	$ 9.9	$ 6.0
Realized tax benefits from tax deductions	$ 7.5	$ 3.8	$ 2.3

Stock-based Compensation (Details 4) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Schedule of information on restricted stock units

Restricted Stock [Member]

^[1]

$ 23.3

$ 29.3

$ 15.2

Schedule of information on restricted stock units

Weighted-average fair value of grants, per share

$ 7.0

$ 6.8

$ 5.0

$ 88.26

$ 77.26

$ 48.45

[1]	Stock-Based compensation expense was recorded in our Corporate and other business segment.

Stock-based Compensation (Details 5) - Restricted Stock [Member] - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule of information on stock units
Undistributed, Beginning Balance	0.5
Undistributed, Weighted-Average Grant Date Fair Value per Share, Beginning Balance	$ 48.83
Granted	0.1
Granted, Weighted-Average Grant Date Fair Value per Share	$ 88.26	$ 77.26	$ 48.45
Distributed	(0.2)
Distributed, Weighted-Average Grant Date Fair Value per Share	$ 32.42
Forfeited	0.0
Forfeited, Weighted-Average Grant Date Fair Value per Share	$ 0.00
Undistributed, Ending Balance	0.4	0.5
Undistributed, Weighted-Average Grant Date Fair Value per Share, Ending Balance	$ 69.09	$ 48.83

Stock-Based Compensation (Details 6) - Restricted Stock [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Fair value of share units and tax deductions
Fair value of shares or units distributed	$ 19.5	$ 11.1	$ 8.6
Realized tax benefits from tax deductions	$ 7.4	$ 4.3	$ 3.3

Stock-based Compensation (Details 7) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Appreciation Rights [Member]

^[1]

$ 23.3

$ 29.3

$ 15.2

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted-average fair value of grants, per share

$ 4.8

$ 5.4

$ 4.5

$ 19.55

$ 18.76

$ 14.34

[1]	Stock-Based compensation expense was recorded in our Corporate and other business segment.

Stock-Based Compensation (Details 8) - Stock Appreciation Rights [Member]	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	1.75%	1.36%	1.75%
Risk-free interest rate	1.27%	1.12%	0.48%
Expected volatility	29.60%	31.50%	40.42%
Expected life (in years)	4 years 15 days	4 years 8 days	4 years 1 month 21 days

Stock-Based Compensation (Details 9) - Stock Appreciation Rights [Member] shares in Millions	12 Months Ended
	Dec. 31, 2014 $ / shares shares
Schedule of information on stock units
Outstanding awards, beginning of period	1.8
Outstanding, Weighted-Average Exercise Price per Share, beginning of period \| $ / shares	$ 45.58
Granted	0.2
Granted, Weighted-Average Excercise Price per Share \| $ / shares	$ 92.64
Exercised	(0.5)
Exercised, Weighted-Average Exercise Price per Share \| $ / shares	$ 35.91
Forfeited	0.0
Forfeited, Weighted-Average Exercise Price per Share \| $ / shares	$ 0.00
Outstanding awards, end of period	1.5
Exercisable at end of year, shares	1.0
Exercisable at end of year, Weighted-Average Exercise Price per Share \| $ / shares	$ 43.65

Stock-Based Compensation (Details 10) - Stock Appreciation Rights [Member] - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding awards, shares	1.5	1.8
Exercisable, shares	1.0
$28.24 to $36.935 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices per Share, lower range limit	$ 28.24
Range of Exercise Prices per Share, upper range limit	$ 36.94
Outstanding awards, shares	0.5
Outstanding awards, weighted-average remaining contractual term	4 years 3 months 20 days
Outstanding awards, aggregate intrinsic value	$ 22.3
Exercisable, shares	0.4
Exercisable, weighted-average remaining contractual term	4 years 1 month 5 days
Exercisable, aggregate intrinsic value	$ 17.6
$46.78 to $51.395 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices per Share, lower range limit	$ 46.78
Range of Exercise Prices per Share, upper range limit	$ 51.40
Outstanding awards, shares	0.5
Outstanding awards, weighted-average remaining contractual term	6 years 6 months
Outstanding awards, aggregate intrinsic value	$ 4.1
Exercisable, shares	0.1
Exercisable, weighted-average remaining contractual term	6 years
Exercisable, aggregate intrinsic value	$ 1.2
$81.105 to $81.14 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of Exercise Prices per Share, lower range limit	$ 81.105
Range of Exercise Prices per Share, upper range limit	$ 92.64
Outstanding awards, shares	0.5
Outstanding awards, weighted-average remaining contractual term	3 years 1 month 5 days
Outstanding awards, aggregate intrinsic value	$ 33.2
Exercisable, shares	0.5
Exercisable, weighted-average remaining contractual term	3 years 1 month 5 days
Exercisable, aggregate intrinsic value	$ 33.2

Stock-Based Compensation (Details 11) - Stock Appreciation Rights [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Instrinsic value of stock appreciation rights exercised	$ 27.3	$ 16.7	$ 14.4
Realized tax benefits from tax deductions	$ 10.4	$ 6.4	$ 5.5

Stock-Based Compensation (Details 12)	12 Months Ended
Stock-Based Compensation (Details 12)	Dec. 31, 2014 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum shares authorized	24,300,000
Shares available for future issuance	3,800,000
2012 Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Offering periods	3 months
Purchase price	95.00%
Maximum shares authorized	2,500,000
Employee purchased shares	20,000
Shares available for future issuance	2,400,000

Stock-Based Compensation (Details Textual) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of common stock shares which are authorized to issue awards	24.3
Common Stock, Capital Shares Reserved for Future Issuance	20.5
Shares available for future issuance	3.8
Payout Percentage	100.00%
Undistributed performance share units	0.4
Weighted-average grant date fair value of undistributed performance share units	$ 68.27
Undistributed and vested performance share units	0.4
Maximum [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Potential increase for payout percentage	200.00%
Performance Shares [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award service period	3 years
Payout Percentage	153.20%	86.90%	52.50%
Total unrecognized compensation cost	$ 15.9
Weighted average period of recognition	2 years 2 months 24 days
Estimated forfeiture rate	16.50%
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award service period	3 years
Total unrecognized compensation cost	$ 14.9
Weighted average period of recognition	2 years 4 months 18 days
Estimated forfeiture rate	16.90%
Stock Appreciation Rights [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award expiration period	7 years
Vesting percentage	33.33%
Total unrecognized compensation cost	$ 8.5
Weighted average period of recognition	2 years 3 months 24 days
Estimated forfeiture rate	15.60%

Stock Repurchases (Details Textual) - USD ($) shares in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Oct. 21, 2014
Accelerated Share Repurchase Program [Line Items]
Authorized amount for share repurchase	$ 1,400.0	$ 1,400.0			$ 700.0
Remaining authorized amount for share repurchase	395.9	$ 395.9
Accelerated share repurchase program announced	$ 450.0
Treasury stock purchases, shares		5.2	1.7
Payments for Repurchase of Common Stock		$ 550.3	$ 125.0	$ 50.1
Payments Related to Tax Withholding for Share-based Compensation		$ 22.4	$ 12.0	$ 7.8
Shares Paid for Tax Withholding for Share Based Compensation		0.2	0.2

Restructuring Charges (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
Restructuring Charges (Details) - USD ($) $ in Millions	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Information regarding restructuring charges
Charges Incurred in 2014					$ 1.9
Charges Incurred to Date	$ 10.6				10.6
Total Charges Expected to be Incurred	11.4				11.4
Details activity within the restructuring reserves
Beginning balance					1.6	$ 2.4
Charged to Earnings	0.6	$ 1.0	$ 1.8	$ 2.4	1.9	5.0	$ 4.2
Cash Utilization					(1.7)	(4.9)
Non-Cash Utilization and Other					(0.2)	(0.9)
Ending balance	1.6		1.6		1.6	1.6	2.4
Severance and related expense [Member]
Information regarding restructuring charges
Charges Incurred in 2014					1.4
Charges Incurred to Date	6.9				6.9
Total Charges Expected to be Incurred	7.2				7.2
Details activity within the restructuring reserves
Beginning balance					1.6	0.7
Charged to Earnings						2.7
Cash Utilization					(1.5)	(1.6)
Non-Cash Utilization and Other					0.0	(0.2)
Ending balance	1.5		1.6		1.5	1.6	0.7
Asset write-offs and accelerated depreciation [Member]
Information regarding restructuring charges
Charges Incurred in 2014					0.3
Charges Incurred to Date	1.8				1.8
Total Charges Expected to be Incurred	1.8				1.8
Details activity within the restructuring reserves
Beginning balance					0.0	0.0
Charged to Earnings						0.7
Cash Utilization					0.0	0.0
Non-Cash Utilization and Other					(0.2)	(0.7)
Ending balance	0.1		0.0		0.1	0.0	0.0
Equipment moves [Member]
Information regarding restructuring charges
Charges Incurred in 2014					0.0
Charges Incurred to Date	0.0				0.0
Total Charges Expected to be Incurred	0.0				0.0
Details activity within the restructuring reserves
Beginning balance					0.0	0.0
Charged to Earnings						0.1
Cash Utilization					0.0	(0.1)
Non-Cash Utilization and Other					0.0	0.0
Ending balance	0.0		0.0		0.0	0.0	0.0
Lease termination [Member]
Information regarding restructuring charges
Charges Incurred in 2014					0.0
Charges Incurred to Date	0.0				0.0
Total Charges Expected to be Incurred	0.1				0.1
Details activity within the restructuring reserves
Beginning balance					0.0	1.2
Charged to Earnings						0.0
Cash Utilization					0.0	(1.2)
Non-Cash Utilization and Other					0.0	0.0
Ending balance	0.0		0.0		0.0	0.0	1.2
Other [Member]
Information regarding restructuring charges
Charges Incurred in 2014					0.2
Charges Incurred to Date	1.9				1.9
Total Charges Expected to be Incurred	2.3				2.3
Details activity within the restructuring reserves
Beginning balance					0.0	0.5
Charged to Earnings						1.5
Cash Utilization					(0.2)	(2.0)
Non-Cash Utilization and Other					0.0	0.0
Ending balance	0.0		$ 0.0		0.0	$ 0.0	$ 0.5
Residential Heating & Cooling [Member]
Information regarding restructuring charges
Charges Incurred in 2014					0.4
Charges Incurred to Date	1.5				1.5
Total Charges Expected to be Incurred	1.5				1.5
Commercial Heating & Cooling [Member]
Information regarding restructuring charges
Charges Incurred in 2014					0.0
Charges Incurred to Date	0.9				0.9
Total Charges Expected to be Incurred	0.9				0.9
Refrigeration [Member]
Information regarding restructuring charges
Charges Incurred in 2014					1.6
Charges Incurred to Date	8.2				8.2
Total Charges Expected to be Incurred	9.0				9.0
Corporate & other [Member]
Information regarding restructuring charges
Charges Incurred in 2014					(0.1)
Charges Incurred to Date	0.0				0.0
Total Charges Expected to be Incurred	$ 0.0				$ 0.0

Discontinued Operations (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Summary of net trade sales and pre-tax operating losses

Pre-tax operating income (loss)

$ (3.7)

$ (13.3)

$ (64.9)

Service Experts [Member]

Summary of net trade sales and pre-tax operating losses

Net trade sales

^[1]

0.0

73.5

385.1

Pre-tax operating income (loss)

^[2]

2.6

(15.1)

(50.8)

Gain (loss) on sale of disposal group

0.0

1.4

0.0

Hearth [Member]

Summary of net trade sales and pre-tax operating losses

Net trade sales

0.0

23.5

Pre-tax operating income (loss)

^[2]

(6.3)

0.5

(13.7)

Gain (loss) on sale of disposal group

$ 0.0

$ (0.9)

[1]	Excludes eliminations of intercompany sales and any associated profit.
[2]	Pre-tax operating loss in 2012 included a $6.3 million pre-tax impairment charge for the write-down of net assets to their estimated fair value, a $6.3 million settlement charge related to actuarial losses recognized upon transition of a pension obligation to the acquirer of the Hearth business and a $3.5 million gain related to realized foreign currency translation adjustments.

Discontinued Operations (Details Textual) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
	Mar. 22, 2013	Apr. 30, 2012	Dec. 31, 2012
Service Experts [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 10.4
Service Experts [Member] \| Goodwill in assets of discontinued operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill impairment			$ 20.5
Hearth [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business		$ 10.1
Pre-tax charge for write-down of net assets to estimated fair market value			6.3
Settlement charge related to recognized actuarial losses			6.3
Discontinued operation gain in settlement of foreign currency translation			$ 3.5

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]
Net income	$ 44.6	$ 67.4	$ 73.9	$ 19.9	$ 35.2	$ 64.3	$ 64.3	$ 8.0	$ 205.8	$ 171.8	$ 90.0
Net loss from discontinued operations									2.3	8.1	45.0
Income from continuing operations									$ 208.1	$ 179.9	$ 135.0
Weighted-average shares outstanding - basic									47.9	49.8	50.7
Effect of diluted securities attributable to stock-based payments									0.7	0.8	0.7
Weighted-average shares outstanding - diluted									48.6	50.6	51.4
Earnings per share – Basic:
Income from continuing operations									$ 4.35	$ 3.61	$ 2.66
Loss from discontinued operations									(0.05)	(0.16)	(0.89)
Net income	$ 0.98	$ 1.40	$ 1.51	$ 0.41	$ 0.72	$ 1.29	$ 1.28	$ 0.16	4.30	3.45	1.77
Earnings per share – Diluted:
Income from continuing operations									4.28	3.55	2.63
Loss from discontinued operations									(0.05)	(0.16)	(0.88)
Net income	$ 0.96	$ 1.38	$ 1.49	$ 0.40	$ 0.70	$ 1.27	$ 1.26	$ 0.16	$ 4.23	$ 3.39	$ 1.75

Earnings Per Share (Details 1) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average number of shares	0.3	0.1	0.1
Minimum [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Net Income, Per Outstanding Unit, Amount	$ 81.11	$ 81.11	$ 51.11
Maximum [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Net Income, Per Outstanding Unit, Amount	$ 92.64	$ 81.14	$ 51.40

Reportable Business Segments (Details)	12 Months Ended
Reportable Business Segments (Details)	Dec. 31, 2014
Residential Heating & Cooling [Member] \| United States [Member]
Summary of nature of operations of reportable segment
Product or Services	Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts
Markets Served	Residential Replacement; Residential New Construction
Residential Heating & Cooling [Member] \| Canada [Member]
Summary of nature of operations of reportable segment
Product or Services	Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts
Markets Served	Residential Replacement; Residential New Construction
Commercial Heating & Cooling [Member] \| United States [Member]
Summary of nature of operations of reportable segment
Product or Services	Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment
Markets Served	Light Commercial
Commercial Heating & Cooling [Member] \| Canada [Member]
Summary of nature of operations of reportable segment
Product or Services	Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment
Markets Served	Light Commercial
Commercial Heating & Cooling [Member] \| Europe [Member]
Summary of nature of operations of reportable segment
Product or Services	Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment
Markets Served	Light Commercial
Refrigeration [Member] \| United States [Member]
Summary of nature of operations of reportable segment
Product or Services	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems
Markets Served	Light Commercial; Food Preservation; Non-Food/Industrial
Refrigeration [Member] \| Canada [Member]
Summary of nature of operations of reportable segment
Product or Services	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems
Markets Served	Light Commercial Food Preservation; Non-Food/Industrial
Refrigeration [Member] \| Europe [Member]
Summary of nature of operations of reportable segment
Product or Services	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems
Markets Served	Light Commercial Food Preservation; Non-Food/Industrial
Refrigeration [Member] \| Asia Pacific [Member]
Summary of nature of operations of reportable segment
Product or Services	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems
Markets Served	Light Commercial Food Preservation; Non-Food/Industrial
Refrigeration [Member] \| South America [Member]
Summary of nature of operations of reportable segment
Product or Services	Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, supermarket display cases and systems
Markets Served	Light Commercial Food Preservation; Non-Food/Industrial

Reportable Business Segments (Details 1) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Net Sales

$ 812.8

$ 898.4

$ 960.7

$ 695.4

$ 749.5

$ 868.0

$ 913.1

$ 668.4

$ 3,367.4

^[1]

$ 3,199.1

^[1]

$ 2,949.4

^[1]

Subtotal that includes segment profit and eliminations

^[2]

340.9

300.5

224.2

Reconciliation to income from continuing operations before income taxes:

Special product quality adjustment

(1.4)

(2.3)

1.1

Items in (Gains) losses and other expenses, net that are excluded from segment profit

^[3]

4.7

8.8

(0.2)

$ 0.6

$ 1.0

$ 1.8

$ 2.4

1.9

5.0

4.2

Special inventory write down

17.2

14.5

17.1

1.0

0.0

Income from continuing operations before income taxes

(0.1)

0.2

0.3

317.6

274.3

201.7

Residential Heating & Cooling [Member]

Net Sales

^[1]

1,736.5

1,583.2

1,375.8

Subtotal that includes segment profit and eliminations

^[2]

235.8

180.1

102.9

Commercial Heating & Cooling [Member]

Net Sales

^[1]

878.5

844.4

785.4

Subtotal that includes segment profit and eliminations

^[2]

124.0

118.1

99.5

Refrigeration [Member]

Net Sales

^[1]

752.4

771.5

788.2

Subtotal that includes segment profit and eliminations

^[2]

55.4

90.2

81.9

Corporate & other [Member]

Subtotal that includes segment profit and eliminations

^[2]

$ (74.3)

$ (87.9)

$ (60.1)

[1]	On a consolidated basis, no revenue from transactions with a single customer were 10% or greater of our consolidated net sales for any of the periods presented.
[2]	{F\|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjliNTE5Yjk5NWZhYTRmM2VhODYwMDM3NWRhZGE1YmM5fFRleHRTZWxlY3Rpb246OTAyMDBCNTE1RjkxRkQyMUYzQkQ1QzQ4MjAzRUQyQTkM}
[3]	.

Reportable Business Segments (Details 2) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Total assets by business segment
Total assets, excluding discontinued operations	$ 1,764.3	$ 1,626.7	$ 1,593.3
Total assets, discontinued operations	0.0	0.0	98.6
Total assets	1,764.3	1,626.7	1,691.9
Residential Heating and Cooling [Member]
Total assets by business segment
Total assets	632.3	500.0	457.5
Commercial Heating and Cooling [Member]
Total assets by business segment
Total assets	353.4	346.3	321.9
Refrigeration [Member]
Total assets by business segment
Total assets	551.5	572.0	585.3
Corporate and Other [Member]
Total assets by business segment
Total assets	$ 227.1	$ 208.4	$ 228.6

Reportable Business Segments (Details 3) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Total capital expenditures	$ 88.4	$ 78.3	$ 50.2
Residential Heating and Cooling [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	39.4	34.2	13.7
Commercial Heating and Cooling [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	14.1	11.2	8.7
Refrigeration [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	15.8	16.5	15.6
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	$ 19.1	$ 16.4	$ 12.2

Reportable Business Segments (Details 4) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of depreciation and amortization expense by business segment
Total depreciation and amortization	$ 60.8	$ 58.9	$ 55.4
Residential Heating and Cooling [Member]
Summary of depreciation and amortization expense by business segment
Total depreciation and amortization	20.7	20.5	19.9
Commercial Heating and Cooling [Member]
Summary of depreciation and amortization expense by business segment
Total depreciation and amortization	9.3	9.0	8.5
Refrigeration [Member]
Summary of depreciation and amortization expense by business segment
Total depreciation and amortization	16.3	15.3	13.0
Corporate and Other [Member]
Summary of depreciation and amortization expense by business segment
Total depreciation and amortization	$ 14.5	$ 14.1	$ 14.0

Reportable Business Segments (Details 5) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Schedule of equity method investees

Total income from equity method investments

$ 13.8

$ 12.2

$ 10.5

Refrigeration [Member]

Schedule of equity method investees

Total income from equity method investments

2.5

2.6

Corporate and Other [Member]

Schedule of equity method investees

Total income from equity method investments

^[1]

$ 11.3

$ 9.7

$ 7.9

[1]

$11.7 million, $9.6 million and $5.0 million of income from equity method investments to our Residential Heating & Cooling and Commercial Heating & Cooling segments in 2014, 2013 and 2012, respectively. These allocations were recorded as reductions to the segments' Cost of goods sold in the Consolidated Statements of Operations.

Reportable Business Segments (Details 6) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Summary of financial information relating to geographic area based operations

$ 812.8

$ 898.4

$ 960.7

$ 695.4

$ 749.5

$ 868.0

$ 913.1

$ 668.4

$ 3,367.4

^[1]

$ 3,199.1

^[1]

$ 2,949.4

^[1]

Summary of financial information relating to geographic area based operations

358.6

335.5

358.6

335.5

298.2

United States [Member]

2,576.4

2,382.0

2,147.2

Summary of financial information relating to geographic area based operations

243.4

230.3

243.4

230.3

227.9

Mexico [Member]

Summary of financial information relating to geographic area based operations

52.4

39.7

52.4

39.7

28.0

Canada [Member]

236.3

232.3

226.7

Summary of financial information relating to geographic area based operations

0.6

International [Member]

554.7

584.8

575.5

Segment Reporting Information [Line Items]

$ 62.2

$ 64.9

$ 62.2

$ 64.9

$ 41.7

[1]	On a consolidated basis, no revenue from transactions with a single customer were 10% or greater of our consolidated net sales for any of the periods presented.

Reportable Business Segments (Details Textual)

12 Months Ended

Dec. 31, 2014

USD ($)

Segment

Dec. 31, 2013

USD ($)

Dec. 31, 2012

USD ($)

Number of reportable business segments | Segment

Revenue From Transactions With Major Customers

$ 0

Minimum Percentage Of Consolidated Net Sales From Single Customer

10.00%

Capital Lease Obligations

$ 0

Income from Equity Method Investments

13,800,000

12,200,000

10,500,000

Residential Heating & Cooling and Commercial Heating & Cooling [Member]

Segment Reporting Information [Line Items]

Income from Equity Method Investments

^[1]

$ 11,700,000

$ 9,600,000

$ 5,000,000

[1]

Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Investment in marketable equity securities	$ 5.3	$ 4.4

Fair Value Measurements (Details 1) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013
Quoted Prices in Active Markets for Similar Instruments (Level 2) \| Senior unsecured notes [Member]
Other Fair Value Measurements
Senior unsecured notes	$ 210.6	$ 214.0

Selected Quarterly Financial Information (unaudited) (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Summary of information on net sales, gross profit, net income, earnings per share and dividends per share

$ 812.8

$ 898.4

$ 960.7

$ 695.4

$ 749.5

$ 868.0

$ 913.1

$ 668.4

$ 3,367.4

^[1]

$ 3,199.1

^[1]

$ 2,949.4

^[1]

Gross Profit

225.4

247.1

262.6

168.1

207.7

237.4

254.0

162.0

903.3

861.2

722.3

Basic Earnings (Loss) per Share

$ 44.6

$ 67.4

$ 73.9

$ 19.9

$ 35.2

$ 64.3

$ 8.0

$ 205.8

$ 171.8

$ 90.0

$ 0.98

$ 1.40

$ 1.51

$ 0.41

$ 0.72

$ 1.29

$ 1.28

$ 0.16

$ 4.30

$ 3.45

$ 1.77

Diluted Earnings (Loss) per Share

0.96

1.38

1.49

0.40

0.70

1.27

1.26

0.16

4.23

3.39

1.75

Dividends per Common Share

$ 0.3

$ 0.24

$ 0.2

$ 1.14

$ 0.92

$ 0.76

[1]	On a consolidated basis, no revenue from transactions with a single customer were 10% or greater of our consolidated net sales for any of the periods presented.

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Summary of expenses in statements of operations

Selected Quarterly Financial Information (unaudited) (Details Textual) - USD ($) $ in Millions		3 Months Ended					12 Months Ended
	Mar. 22, 2013	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Restructuring charges		$ 0.6	$ 1.0	$ 1.8		$ 2.4	$ 1.9	$ 5.0	$ 4.2
Loss Contingency, Loss in Period					$ 0.8
Liability for Asbestos and Environmental Claims, Net, Incurred Loss				$ 6.3			0.9	6.3
Service Experts [Member]
Proceeds from sale of business	$ 10.4
Gain (loss) on sale of disposal group							$ 0.0	$ 1.4	$ 0.0

Losses and Other Expenses, net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of Losses (Gains) and Other Expenses, net
Realized losses on settled futures contracts	$ 0.8	$ 1.0	$ 1.5
Foreign currency exchange losses	1.6	0.5	0.8
Losses (gains) on disposal of fixed assets	(0.3)	(1.0)	0.4
Unrealized Gain (Loss) on Derivatives and Commodity Contracts	(0.6)	(0.4)	2.2
Liability for Asbestos and Environmental Claims, Net, Incurred Loss	0.9	6.3	0.0
Acquisition expenses	0.0	0.2	0.1
Special legal contingency charge	0.9	1.2	1.2
Environmental Remediation Expense	2.0	0.0	0.0
Other Expenses	0.3	0.7	0.7
Other Operating Income (Expense), Net	$ 6.8	$ 9.3	$ 2.5

Supplemental Information (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Research and development

^[1]

$ 60.7

$ 53.7

$ 50.7

Advertising, promotions and marketing

^[2]

41.9

45.2

59.4

Cooperative advertising expenditures

^[3]

13.1

10.9

9.5

Rent expense

^[4]

$ 50.5

$ 53.5

$ 67.8

[1]	esearch and development costs related to discontinued operations of $1.2 million for the year ended December 31, 2012.
[2]	dvertising, promotions and marketing costs related to discontinued operations of $4.1 million and $20.1 million for the years ended December 31, 2013 and 2012, respectively. No advertising costs related to discontinued operations were recorded for the year ended December 31, 2014. Cooperative advertising expenditures were not included in these amounts.
[3]	Cooperative advertising expenditures were included in Selling, general and administrative expenses in the Consolidated Statements of Operations.
[4]	ent expense related to discontinued operations of $4.5 million and $20.1 million for the years ended December 31, 2013 and 2012, respectively.

Supplemental Information (Details 1) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of Components of Interest Expense
Interest expense, net of capitalized interest	$ 18.9	$ 16.5	$ 18.9
Interest income	1.7	2.0	1.8
Interest expense, net	$ 17.2	$ 14.5	$ 17.1

Supplemental Information (Details Textual) - USD ($)

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Research and development

^[1]

$ 60,700,000

$ 53,700,000

$ 50,700,000

Advertising, promotions and marketing

^[2]

41,900,000

45,200,000

59,400,000

Rent expense

^[3]

50,500,000

53,500,000

67,800,000

Discontinued Operations [Member]

Research and development

1,200,000

Advertising, promotions and marketing

4,100,000

20,100,000

Rent expense

$ 0

$ 4,500,000

$ 20,100,000

[1]	esearch and development costs related to discontinued operations of $1.2 million for the year ended December 31, 2012.
[2]	dvertising, promotions and marketing costs related to discontinued operations of $4.1 million and $20.1 million for the years ended December 31, 2013 and 2012, respectively. No advertising costs related to discontinued operations were recorded for the year ended December 31, 2014. Cooperative advertising expenditures were not included in these amounts.
[3]	ent expense related to discontinued operations of $4.5 million and $20.1 million for the years ended December 31, 2013 and 2012, respectively.

Condensed Consolidating Financial Statements (Details) - USD ($) $ in Millions	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 37.5	$ 38.0	$ 51.8	$ 45.0
Accounts and notes receivable, net	421.4	408.1
Inventories, net	463.3	378.8
Deferred income taxes, net	32.5	24.5
Other assets	59.3	53.0
Total current assets	1,014.0	902.4
Property, plant and equipment, net	358.6	335.5	298.2
Goodwill	209.4	216.8	223.8
Investments in subsidiaries	0.0	0.0
Deferred income taxes	97.5	88.5
Other assets, net	84.8	83.5
Intercompany receivables (payables), net	0.0	0.0
Total assets	1,764.3	1,626.7	1,691.9
Current Liabilities:
Short-term debt	226.6	165.9
Current maturities of long-term debt	24.0	1.3
Accounts payable	324.3	283.1
Accrued expenses	239.0	232.1
Income taxes payable	13.4	31.6
Total current liabilities	827.3	714.0
Long-term debt	675.0	233.2
Post-retirement benefits, other than pensions	4.5	4.6
Pensions	129.9	70.0
Other liabilities	118.6	119.2
Total liabilities	1,755.3	1,141.0
Commitments and contingencies
Total stockholders’ equity	9.0	485.7	498.3	469.0
Total liabilities and stockholders' equity	1,764.3	1,626.7
Parent [Member]
Current assets:
Cash and cash equivalents	1.0	1.1	1.0	1.0
Accounts and notes receivable, net	0.0	0.0
Inventories, net	0.0	0.0
Deferred income taxes, net	2.8	0.9
Other assets	3.6	3.4
Total current assets	7.4	5.4
Property, plant and equipment, net	0.0	0.0
Goodwill	0.0	0.0
Investments in subsidiaries	978.1	1,138.8
Deferred income taxes	0.5	0.0
Other assets, net	5.2	4.2
Intercompany receivables (payables), net	(280.4)	(460.6)
Total assets	710.8	687.8
Current Liabilities:
Short-term debt	0.0	0.0
Current maturities of long-term debt	22.5	0.0
Accounts payable	13.4	11.8
Accrued expenses	9.0	3.3
Income taxes payable	(3.7)	(30.3)
Total current liabilities	41.2	(15.2)
Long-term debt	659.5	217.0
Post-retirement benefits, other than pensions	0.0	0.0
Pensions	0.0	0.0
Other liabilities	1.1	0.3
Total liabilities	701.8	202.1
Total stockholders’ equity	9.0	485.7
Total liabilities and stockholders' equity	710.8	687.8
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	11.5	10.5	13.4	9.7
Accounts and notes receivable, net	12.3	12.8
Inventories, net	350.6	253.6
Deferred income taxes, net	27.3	21.2
Other assets	45.7	38.4
Total current assets	447.4	336.5
Property, plant and equipment, net	269.0	246.4
Goodwill	140.4	140.4
Investments in subsidiaries	263.5	337.5
Deferred income taxes	90.8	76.9
Other assets, net	61.0	64.3
Intercompany receivables (payables), net	302.4	434.0
Total assets	1,574.5	1,636.0
Current Liabilities:
Short-term debt	0.0	0.0
Current maturities of long-term debt	1.2	1.0
Accounts payable	237.8	187.8
Accrued expenses	175.5	168.4
Income taxes payable	34.7	75.7
Total current liabilities	449.2	432.9
Long-term debt	15.3	15.8
Post-retirement benefits, other than pensions	4.5	4.6
Pensions	117.6	58.4
Other liabilities	118.7	119.4
Total liabilities	705.3	631.1
Total stockholders’ equity	869.2	1,004.9
Total liabilities and stockholders' equity	1,574.5	1,636.0
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	25.0	26.4	37.4	34.3
Accounts and notes receivable, net	409.1	395.3
Inventories, net	119.7	128.4
Deferred income taxes, net	7.4	5.7
Other assets	67.2	70.2
Total current assets	628.4	626.0
Property, plant and equipment, net	89.6	89.1
Goodwill	69.0	76.4
Investments in subsidiaries	(0.6)	(0.6)
Deferred income taxes	15.8	20.2
Other assets, net	20.1	16.4
Intercompany receivables (payables), net	(22.0)	26.6
Total assets	800.3	854.1
Current Liabilities:
Short-term debt	226.6	165.9
Current maturities of long-term debt	0.3	0.3
Accounts payable	73.1	83.5
Accrued expenses	54.5	60.4
Income taxes payable	47.5	49.9
Total current liabilities	402.0	360.0
Long-term debt	0.2	0.4
Post-retirement benefits, other than pensions	0.0	0.0
Pensions	12.3	11.6
Other liabilities	11.7	11.3
Total liabilities	426.2	383.3
Total stockholders’ equity	374.1	470.8
Total liabilities and stockholders' equity	800.3	854.1
Eliminations [Member]
Current assets:
Cash and cash equivalents	0.0	0.0	$ 0.0	$ 0.0
Accounts and notes receivable, net	0.0	0.0
Inventories, net	(7.0)	(3.2)
Deferred income taxes, net	(5.0)	(3.3)
Other assets	(57.2)	(59.0)
Total current assets	(69.2)	(65.5)
Property, plant and equipment, net	0.0	0.0
Goodwill	0.0	0.0
Investments in subsidiaries	(1,241.0)	(1,475.7)
Deferred income taxes	(9.6)	(8.6)
Other assets, net	(1.5)	(1.4)
Intercompany receivables (payables), net	0.0	0.0
Total assets	(1,321.3)	(1,551.2)
Current Liabilities:
Short-term debt	0.0	0.0
Current maturities of long-term debt	0.0	0.0
Accounts payable	0.0	0.0
Accrued expenses	0.0	0.0
Income taxes payable	(65.1)	(63.7)
Total current liabilities	(65.1)	(63.7)
Long-term debt	0.0	0.0
Post-retirement benefits, other than pensions	0.0	0.0
Pensions	0.0	0.0
Other liabilities	(12.9)	(11.8)
Total liabilities	(78.0)	(75.5)
Total stockholders’ equity	(1,243.3)	(1,475.7)
Total liabilities and stockholders' equity	$ (1,321.3)	$ (1,551.2)

Condensed Consolidating Financial Statements (Details 1) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Condensed Consolidating Statements of Operations

$ 812.8

$ 898.4

$ 960.7

$ 695.4

$ 749.5

$ 868.0

$ 913.1

$ 668.4

$ 3,367.4

^[1]

$ 3,199.1

^[1]

$ 2,949.4

^[1]

2,464.1

2,337.9

2,227.1

225.4

247.1

262.6

168.1

207.7

237.4

254.0

162.0

903.3

861.2

722.3

573.7

570.1

507.0

6.8

9.3

2.5

0.6

1.0

1.8

2.4

1.9

5.0

4.2

(13.8)

(12.2)

(10.5)

334.7

289.0

219.1

17.2

14.5

17.1

Income from continuing operations before income taxes

(0.1)

0.2

0.3

317.6

274.3

201.7

109.5

94.4

66.7

208.1

179.9

135.0

(2.3)

(8.1)

(45.0)

$ 44.6

$ 67.4

$ 73.9

$ 19.9

$ 35.2

$ 64.3

$ 8.0

205.8

171.8

90.0

(92.4)

(38.8)

14.8

Condensed Consolidating Statements of Operations

113.4

133.0

104.8

Parent [Member]

0.0

0.0

0.2

0.0

(0.2)

0.0

0.0

1.1

(1.7)

0.0

(216.4)

(181.7)

(116.3)

216.4

180.6

117.8

16.0

14.0

16.6

Income from continuing operations before income taxes

0.0

200.4

166.6

101.2

(5.6)

(5.2)

(4.9)

206.0

171.8

106.1

0.0

206.0

171.8

106.1

(4.1)

(38.8)

6.7

Guarantor Subsidiaries [Member]

201.9

133.0

112.8

Condensed Consolidating Statements of Operations

2,775.7

2,557.9

2,327.7

2,057.8

1,900.9

1,799.6

717.9

657.0

528.1

454.5

437.1

374.3

3.2

7.9

1.1

0.4

2.9

2.8

(25.4)

(26.4)

(17.0)

285.2

235.5

166.9

(3.0)

(2.1)

(2.4)

Income from continuing operations before income taxes

0.0

288.2

237.6

169.3

91.7

73.7

50.5

196.5

163.9

118.8

0.0

(18.5)

196.5

163.9

100.3

(51.2)

36.3

(2.8)

Non-Guarantor Subsidiaries [Member]

145.3

200.2

97.5

Condensed Consolidating Statements of Operations

818.0

837.0

824.0

628.3

632.8

629.2

189.7

204.2

194.8

119.2

133.0

132.7

3.6

0.3

3.2

1.5

2.1

1.4

(11.3)

(9.7)

(7.8)

76.7

78.5

65.3

4.2

2.6

2.9

Income from continuing operations before income taxes

(0.1)

0.2

0.3

72.6

75.7

62.1

24.9

25.9

21.2

47.7

49.8

40.9

(2.3)

(8.1)

(26.5)

45.4

41.7

14.4

(34.8)

(6.1)

5.2

Condensed Consolidating Statements of Operations

10.6

35.6

19.6

Eliminations [Member]

(226.3)

(195.8)

(202.3)

(222.0)

(195.8)

(201.9)

(4.3)

0.0

(0.4)

0.0

0.0

(0.1)

0.0

239.3

205.6

130.6

(243.6)

(205.6)

(130.9)

0.0

Income from continuing operations before income taxes

0.0

(243.6)

(205.6)

(130.9)

(1.5)

0.0

(0.1)

(242.1)

(205.6)

(130.8)

0.0

(242.1)

(205.6)

(130.8)

(2.3)

(30.2)

5.7