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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2014	Apr. 30, 2014
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Trading Symbol	AOS
Entity Registrant Name	SMITH A O CORP
Entity Central Index Key	0000091142
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		77,439,970
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		13,167,192

Condensed Consolidated Statements of Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net sales	$ 552.2	$ 509.6
Cost of products sold	356.3	330.3
Gross profit	195.9	179.3
Selling, general and administrative expenses	130.9	120.0
Restructuring, impairment and settlement expenses-net		1.7
Interest expense	1.4	1.5
Other income	(1.3)	(1.0)
Earnings before income taxes	64.9	57.1
Provision for income taxes	18.2	18.1
Net Earnings	$ 46.7	$ 39.0
Net Earnings Per Share of Common Stock	$ 0.51	$ 0.42
Diluted Net Earnings Per Share of Common Stock	0.51	0.42
Dividends Per Share of Common Stock	$ 0.15	$ 0.10

Condensed Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net earnings	$ 46.7	$ 39.0
Other comprehensive (loss) earnings
Foreign currency translation adjustments	(10.4)	(1.5)
Unrealized net gain on cash flow derivative instruments, less related income tax provision of $(0.5) in 2014 and $(0.4) in 2013	0.9	0.7
Adjustment to pension liability, less related income tax provision of $(3.3) in 2014 and $(3.9) in 2013	5.3	6.3
Comprehensive Earnings	$ 42.5	$ 44.5

Condensed Consolidated Statements of Comprehensive Earnings (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Unrealized net gain on cash flow derivative instruments, related income tax provision	$ (0.5)	$ (0.4)
Adjustment to pension liability, related income tax provision	$ (3.3)	$ (3.9)

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 369.8	$ 380.7
Marketable securities	102.7	105.3
Receivables	455.6	458.7
Inventories	197.4	193.4
Deferred income taxes	40.0	40.1
Other current assets	32.7	27.4
Total Current Assets	1,198.2	1,205.6
Property, plant and equipment	777.5	758.7
Less accumulated depreciation	375.2	367.4
Net property, plant and equipment	402.3	391.3
Goodwill	431.5	433.5
Other intangibles	320.4	324.8
Other assets	28.8	36.3
Total Assets	2,381.2	2,391.5
Liabilities
Trade payables	341.4	387.1
Accrued payroll and benefits	43.1	61.7
Accrued liabilities	91.8	81.2
Product warranties	46.2	46.7
Long-term debt due within one year	14.0	14.2
Total Current Liabilities	536.5	590.9
Long-term debt	213.0	177.7
Pension liabilities	108.6	110.7
Other liabilities	179.7	183.5
Total Liabilities	1,037.8	1,062.8
Stockholders' Equity
Common Stock,value	82.1	82.1
Capital in excess of par value	593.9	589.7
Retained earnings	1,015.2	982.2
Accumulated other comprehensive loss	(263.3)	(259.1)
Treasury stock at cost	(150.7)	(132.6)
Total Stockholders' Equity	1,343.4	1,328.7
Total Liabilities and Stockholders' Equity	2,381.2	2,391.5
Common Class A
Stockholders' Equity
Common Stock,value	$ 66.2	$ 66.4

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2014	Dec. 31, 2013
Common Stock, par value	$ 1	$ 1
Common Stock, authorized	120,000,000	120,000,000
Common Stock, shares issued	82,121,384	82,065,280
Common Class A
Common Stock, par value	$ 5	$ 5
Common Stock, authorized	14,000,000	14,000,000
Common Stock, shares issued	13,232,412	13,288,516

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Activities
Net earnings	$ 46.7	$ 39.0
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:
Depreciation and amortization	14.8	14.1
Pension expense	6.6	6.9
Loss on disposal of assets	0.4
Net changes in operating assets and liabilities, net of acquisition:
Current assets and liabilities	(56.7)	(28.9)
Noncurrent assets and liabilities	0.5	3.0
Cash Provided by Operating Activities-continuing operations	12.3	34.1
Cash Used in Operating Activities-discontinued operations	(0.5)	(0.8)
Cash Provided by Operating Activities	11.8	33.3
Investing Activities
Capital expenditures	(25.3)	(18.4)
Acquisition of business		(3.6)
Investment in marketable securities	(33.7)	(31.7)
Net proceeds from sale of marketable securities	33.6	83.0
Cash (Used in) Provided by Investing Activities	(25.4)	29.3
Financing Activities
Long-term debt incurred (retired)	36.2	(15.5)
Common stock repurchases	(21.3)	(3.5)
Net proceeds from stock option activity	1.6	5.8
Dividends paid	(13.8)	(9.4)
Cash Provided by (Used in) Financing Activities	2.7	(22.6)
Net (decrease) increase in cash and cash equivalents	(10.9)	40.0
Cash and cash equivalents-beginning of period	380.7	266.9
Cash and Cash Equivalents-End of Period	$ 369.8	$ 306.9

Basis of Presentation

3 Months Ended

Mar. 31, 2014

Basis of Presentation

1.	Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and footnotes required for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three month period ended March 31, 2014 are not necessarily indicative of the results expected for the full year. It is suggested that the accompanying condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the company’s latest Annual Report on Form 10-K filed with the SEC on February 20, 2014.

On April 15, 2013, the company’s stockholders approved a proposal to increase the company’s authorized shares of Common Stock and the company’s board of directors declared a two-for-one stock split of the company’s Class A Common Stock and Common Stock (including treasury shares) in the form of a 100 percent stock dividend to stockholders of record on April 30, 2013 and payable on May 15, 2013. All references in the financial statements and footnotes to the number of shares outstanding, price per share, per share amounts and stock based compensation data have been recast to reflect the split for all periods presented.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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+ Details

Acquisition

3 Months Ended

Mar. 31, 2014

Acquisition

2.	Acquisition

On February 14, 2013, the company acquired 100 percent of the shares of MiM Isitma Sogutma Havalandirma ve Aritma Sistemleri San. Tic. A.S. (MiM), a privately-held Turkish water treatment company. The addition of MiM expanded the company’s product offerings and gave the company access to the Eastern Europe and Black Sea region water treatment markets. MiM is included in the Rest of World segment.

The company paid an aggregate cash purchase price of $3.6 million, net of cash received of $1.9 million in the first quarter of 2013 for MiM. In addition the company assumed debt of $1.7 million and recorded contingent consideration of $1.1 million, the fair value of the contingent payment due to the former owners of MiM if certain targets are met for growth in sales, gross profits and operating profits through 2017.

The fair value of the purchase price resulted in an allocation to acquired intangible assets totaling $4.3 million of which $2.4 million was assigned to customer lists which are being amortized over ten years.

MiM’s results of operations have been included in the company’s financial statements from February 14, 2013, the date of acquisition. Revenues and pre-tax results associated with MiM included in results of operations in the three months ended March 31, 2013 were not material to the company’s net sales or pre-tax earnings.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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+ Details

Restructuring, Impairment and Settlement Expenses - Net

3 Months Ended

Mar. 31, 2014

Restructuring, Impairment and Settlement Expenses - Net

3.	Restructuring, Impairment and Settlement Expenses – Net

In the first quarter of 2013, the company announced a move of manufacturing operations from its Fergus, Ontario facility to other North American facilities and recognized $12.7 million of restructuring and impairment expenses, comprised of $5.2 million of severance costs and impairment charges related to long-lived assets totaling $7.5 million, and a corresponding $3.2 million tax benefit related to the charges. The majority of the consolidation of operations occurred in the second quarter of 2013.

On March 11, 2013, the company entered into a settlement agreement with a former supplier regarding previous overcharges and warranty costs. The terms of the settlement agreement resulted in an $11.0 million cash payment to the company, a pre-tax gain of $11.0 million and $4.2 million of income tax expense.

The following table presents an analysis of the company’s restructuring, impairment and settlement reserve as of and for three months ended March 31, 2014:


(dollars in millions)
	Inventory Obsolescence			Severance Costs			Equipment Relocation			Total
Balance at December 31, 2013	$	1.7		$	1.5		$	0.4		$	3.6
Cash payments/disposals		(0.4	)		(0.5	)		(0.2	)		(1.1	)

Balance at March 31, 2014	$	1.3		$	1.0		$	0.2		$	2.5

Inventories

3 Months Ended

Mar. 31, 2014

Inventories

4.	Inventories


(dollars in millions)
	March 31, 2014			December 31, 2013
Finished products	$	96.7		$	88.8
Work in process		12.6			12.3
Raw materials		109.4			113.6

Inventories, at FIFO cost		218.7			214.7
LIFO reserve		(21.3	)		(21.3	)

Net inventory	$	197.4		$	193.4

Long-Term Debt

3 Months Ended

Mar. 31, 2014

Long-Term Debt

5.	Long-Term Debt

The company has a $400 million multi-currency revolving credit agreement with a group of eight banks, which expires on December 12, 2017. The facility has an accordion provision which allows it to be increased up to $500 million if certain conditions (including lender approval) are satisfied. Borrowings under bank credit lines and commercial paper borrowings are supported by the $400 million revolving credit agreement. As a result of the long-term nature of this facility, the company’s commercial paper and credit line borrowings are classified as long-term debt at March 31, 2014.

Product Warranties

3 Months Ended

Mar. 31, 2014

Product Warranties

6.	Product Warranties

The company offers warranties on the sales of certain of its products and records an accrual for the estimated future claims. The following table presents the company’s warranty liability activity.


(dollars in millions)
	2014			2013
Balance at January 1	$	136.6		$	129.6
Expense		16.6			15.0
Claims settled		(17.3	)		(15.7	)

Balance at March 31	$	135.9		$	128.9

Earnings per Share of Common Stock

3 Months Ended

Mar. 31, 2014

Earnings per Share of Common Stock

7.	Earnings per Share of Common Stock

The numerator for the calculation of basic and diluted earnings per share is net earnings. The following table sets forth the computation of basic and diluted weighted-average shares used in the earnings per share calculations:


	Three Months Ended March 31,
	2014		2013
Denominator for basic earnings per share - weighted average shares		91,230,882		92,551,062
Effect of dilutive stock options, restricted stock and share units		735,113		633,828

Denominator for diluted earnings per share		91,965,995		93,184,890

Stock Based Compensation

3 Months Ended

Mar. 31, 2014

Stock Based Compensation

8.	Stock Based Compensation

The company adopted the A. O. Smith Combined Incentive Compensation Plan (the “plan”) effective January 1, 2007. The plan was reapproved on April 16, 2012. The plan is a continuation of the A. O. Smith Combined Executive Incentive Compensation Plan which was originally approved by stockholders in 2002. The number of shares available for granting of options or share units at March 31, 2014 was 2,340,137. Upon stock option exercise or share unit vesting, shares are issued from treasury stock.

Total stock based compensation expense recognized in the three months ended March 31, 2014 and 2013 was $5.8 million and $4.0 million, respectively.

Stock Options

The stock options granted in the three months ended March 31, 2014 and 2013, have three year pro-rata vesting from the date of grant. Stock options are issued at exercise prices equal to the fair value of Common Stock on the date of grant. For active employees, all options granted in 2014 and 2013 expire ten years after date of grant. The company’s stock options are expensed ratably over the three year vesting period, however included in stock option expense for the three months ended March 31, 2014 and 2013 is expense associated with the accelerated vesting of stock option awards for certain employees who either are retirement eligible or become retirement eligible during the vesting period. Stock based compensation cost attributable to stock options in the three months ended March 31, 2014 and 2013 was $2.8 million and $1.8 million, respectively.

Changes in option awards, all of which relate to Common Stock, were as follows for the three months ended March 31, 2014:


	Weighted-Avg. Per Share Exercise Price		Number of Options			Average Remaining Contractual Life		Aggregate Intrinsic Value (dollars in millions)
Outstanding at January 1, 2014	$	22.37		1,440,623
Granted		46.49		297,900
Exercised		26.33		(6,268	)

Outstanding at March 31, 2014		26.50		1,732,255			8 years	$	30.1

Exercisable at March 31, 2014	$	19.33		1,065,749			7 years	$	27.2

The weighted-average fair value per option at the date of grant during the three months ended March 31, 2014 and 2013 using the Black-Scholes option-pricing model was $16.55 and $12.45, respectively. Assumptions were as follows:


	Three Months Ended March 31,
	2014			2013
Expected life (years)		6.0			6.1
Risk-free interest rate		2.7	%		2.0	%
Dividend yield		1.1	%		1.1	%
Expected volatility		36.6	%		38.4	%

The expected life is based on historical exercise behavior and the projected exercises of unexercised stock options. The risk-free interest rate is based on the U.S. Treasury yield curve in effect on the date of grant for the respective expected life of the option. The expected dividend yield is based on the expected annual dividends divided by the grant date market value of the company’s common stock. The expected volatility is based on the historical volatility of the company’s common stock.

Restricted Stock and Share Units

Participants may also be awarded shares of restricted stock or share units under the plan. The company granted 110,310 and 141,200 share units under the plan in the three months ended March 31, 2014 and 2013, respectively. The share units were valued at $5.1 million and $4.9 million at the date of issuance in 2014 and 2013, respectively, based on the company’s stock price at the date of grant. The company’s share units are recognized as compensation expense ratably over the three-year vesting period, however included in share unit expense in the three months ended March 31, 2014 and 2013 is expense associated with accelerated vesting of share unit awards for certain employees who either are retirement eligible or will become retirement eligible during the vesting period. Share based compensation expense attributable to share units of $3.0 million and $2.2 million was recognized in the three months ended March 31, 2014 and 2013, respectively.

A summary of share unit activity under the plan is as follows for the three months ended March 31, 2014:


	Number of Units			Weighted-Average Grant Date Value
Issued and unvested at January 1, 2014		446,036		$	26.14
Granted		110,310			46.48
Vested		(144,476	)		21.63

Issued and unvested at March 31, 2014		411,870			33.23

Pensions

3 Months Ended

Mar. 31, 2014

Pensions

9.	Pensions

The following table presents the components of the company’s net pension expense.


(dollars in millions)
	Three Months Ended March 31,
	2014			2013
Service cost	$	2.1		$	2.3
Interest cost		11.0			9.8
Expected return on plan assets		(15.0	)		(15.4	)
Amortization of unrecognized loss		8.8			10.4
Amortization of prior service cost		(0.3	)		(0.2	)

Defined benefit plan expense	$	6.6		$	6.9

The company did not make a contribution to its U.S. pension plan in 2013 and does not anticipate making a contribution in 2014.

Operations by Segment

3 Months Ended

Mar. 31, 2014

Operations by Segment

10.

Operations by Segment

The company is comprised of two reporting segments: North America and Rest of World. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters. Both segments primarily manufacture and market in their respective regions of the world. The Rest of World segment is primarily comprised of China, Europe and India. The North America segment also manufactures and globally markets specialty commercial water heating equipment, condensing and non-condensing boilers and water system tanks. The Rest of World segment also manufactures and markets water treatment products, primarily in Asia.


(dollars in millions)
	Three Months Ended March 31,
	2014			2013
Net sales
North America	$	388.5		$	378.7
Rest of World		172.8			138.3
Inter-segment sales		(9.1	)		(7.4	)

	$	552.2		$	509.6

Operating earnings
North America ^{(1) (3) (4)}	$	55.3		$	54.1
Rest of World		25.1			18.2

		80.4			72.3
Corporate expenses ⁽²⁾		(14.1	)		(13.7	)
Interest expense		(1.4	)		(1.5	)

Earnings before income taxes		64.9			57.1
Provision for income taxes		18.2			18.1

Net earnings	$	46.7		$	39.0


⁽¹⁾ Includes non-operating pension costs of:	$	(3.8	)	$	(3.6	)
⁽²⁾ Includes non-operating pension costs of:		(1.0	)		(1.2	)
⁽³⁾ Includes restructuring and impairment expenses of:		—			(12.7	)
⁽⁴⁾ Includes settlement income of:		—			11.0

- Definition

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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+ Details

Fair Value Measurements

3 Months Ended

Mar. 31, 2014

Fair Value Measurements

11.

Fair Value Measurements

ASC 820, Fair Value Measurements, among other things, defines fair value, establishes a consistent framework for measuring fair value and expands disclosure for each major asset and liability category measured at fair value on either a recurring basis or nonrecurring basis. ASC 820 clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Assets and liabilities measured at fair value are based on the market approach which are prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.

Assets measured at fair value on a recurring basis are as follows (dollars in millions):


Fair Value Measurement Using	March 31, 2014			December 31, 2013
Quoted prices in active markets for identical assets (Level 1)	$	105.9		$	107.0
Significant other observable inputs (Level 2)		(0.1	)		—

Total assets measured at fair value	$	105.8		$	107.0

There were no changes in our valuation techniques used to measure fair values on a recurring basis during the three months ended March 31, 2014.

- Definition

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.

+ References + Details

Derivative Instruments

3 Months Ended

Mar. 31, 2014

Derivative Instruments

12.

Derivative Instruments

ASC 815 Derivatives and Hedging, as amended, requires that all derivative instruments be recorded on the balance sheet at fair value and establishes criteria for designation and effectiveness of the hedging relationships. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as a part of a hedging relationship and, further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, the company must designate the hedging instrument, based upon the exposure hedged, as a fair value hedge, a cash flow hedge, or a hedge of a net investment in a foreign operation.

The company designates that all of its hedging instruments are cash flow hedges. For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive loss, net of tax, and is reclassified into earnings in the same line item associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings. The amount by which the cumulative change in the value of the hedge more than offsets the cumulative change in the value of the hedged item (i.e., the ineffective portion) is recorded in earnings, net of tax, in the period the ineffectiveness occurs.

The company utilizes certain derivative instruments to enhance its ability to manage currency as well as raw materials price risk. Derivative instruments are entered into for periods consistent with the related underlying exposures and do not constitute positions independent of those exposures. The company does not enter into contracts for speculative purposes. The contracts are executed with major financial institutions with no credit loss anticipated for failure of the counterparties to perform.

Foreign Currency Forward Contracts

The company is exposed to foreign currency exchange risk as a result of transactions in currencies other than the functional currency of certain subsidiaries. The company utilizes foreign currency forward purchase and sale contracts to manage the volatility associated with foreign currency purchases, sales and certain intercompany transactions in the normal course of business. Currencies for which the company utilizes foreign currency forward contracts include the British pound, Canadian dollar, Euro and Mexican peso.

Gains and losses on these instruments are recorded in accumulated other comprehensive loss, net of tax, until the underlying transaction is recorded in earnings. When the hedged item is realized, gains or losses are reclassified from accumulated other comprehensive loss to the statement of earnings. The assessment of effectiveness for forward contracts is based on changes in the forward rates. These hedges have been determined to be effective.

The majority of the amounts in accumulated other comprehensive loss for cash flow hedges is expected to be reclassified into earnings within one year and all of the hedges will be reclassified into earnings no later than December 31, 2015.

The following table summarizes, by currency, the contractual amounts of the company’s foreign currency forward contracts.


(dollars in millions)
	March 31,
	2014				2013
	Buy		Sell		Buy		Sell
British pound	$	—	$	1.3	$	—	$	1.7
Canadian dollar		—		54.5		—		27.5
Euro		7.0		1.2		17.2		1.5
Mexican peso		11.5		—		16.6		—

Total	$	18.5	$	57.0	$	33.8	$	30.7

Commodity Futures Contracts

In addition to entering into supply arrangements in the normal course of business, the company also entered into futures contracts to fix the cost of certain raw material purchases, principally copper and aluminum, with the objective of minimizing changes in cost due to market price fluctuations. The hedging strategy for achieving this objective is to purchase commodities futures contracts on the open market of the London Metals Exchange (LME) or over the counter contracts based on the LME.

The minimal after-tax loss of the effective portion of the contracts as of March 31, 2014 was recorded in accumulated other comprehensive loss and will be reclassified into cost of products sold in the period in which the underlying transaction is recorded in earnings. The effective portion of the contracts will be reclassified within one year. Commodity hedges outstanding at March 31, 2014 involve a total of approximately 1.2 million pounds of copper.

The impact of derivative contracts on the company’s financial statements is as follows:

Fair value of derivatives designated as hedging instruments under ASC 815:


(dollars in millions)
	Balance Sheet Location	March 31, 2014			December 31, 2013
Foreign currency contracts	Other current assets	$	3.4		$	1.9
	Accrued liabilities		(0.3	)		(0.2	)

Total derivatives designated as hedging instruments		$	3.1		$	1.7

The effect of derivatives instruments on the Consolidated Statement of Earnings:


Three Months Ended March 31 (dollars in millions):
Derivatives in ASC 815 cash flow hedging relationships	Amount of gain (loss) recognized in OCI on derivative (effective portion)						Location of gain (loss) reclassified from accumulated OCI into earnings (effective portion)	Amount of gain (loss) reclassified from accumulated OCI into earnings (effective portion)				Location of gain (loss) recognized in earnings on derivative (ineffective portion)	Amount of gain (loss) recognized in earnings on a derivative (ineffective portion)
	2014			2013				2014		2013			2014		2013
Foreign currency contracts	$	2.6		$	1.8		Cost of products sold	$	1.0	$	0.6	N/A	$	—	$	—
Commodities contracts		(0.2	)		(0.1	)	Cost of products sold		—		—	Cost of products sold		—		—

	$	2.4		$	1.7			$	1.0	$	0.6		$	—	$	—

- Definition

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.

+ References

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+ Details

Income Taxes

3 Months Ended

Mar. 31, 2014

Income Taxes

13.

Income Taxes

The effective income tax rate for the three months ended March 31, 2014 was 28.0 percent compared to 31.7 percent for the first three months of 2013. The company estimates that its annual effective income tax rate for the full year of 2014 will be between 28.0 and 29.0 percent. The full year effective income tax rate in 2013 was 28.2 percent.

As of March 31, 2014, the company had $1.3 million of unrecognized tax benefits of which $0.9 million would affect its effective income tax rate if recognized. The company recognizes potential interest and penalties related to unrecognized tax benefits as a component of income tax expense.

The company’s U.S. federal income tax returns for 2009—2013 are subject to audit. The company is subject to state and local income tax audits for tax years 2000—2013. The company is subject to non-U.S. income tax examinations for years 2006—2013.

Changes in Accumulated Other Comprehensive Loss by Component

3 Months Ended

Mar. 31, 2014

Changes in Accumulated Other Comprehensive Loss by Component

14.

Changes in Accumulated Other Comprehensive Loss by Component

Changes to accumulated other comprehensive loss by component are as follows:


(dollars in millions)
	Three Months Ended March 31,
	2014			2013
Cumulative Foreign Currency Translation
Balance at beginning of period	$	19.9		$	19.5
Other comprehensive loss before reclassifications		(10.4	)		(1.5	)

Balance at end of period		9.5			18.0

Unrealized Net Gain on Cash Flow Derivatives
Balance at beginning of period		1.0			0.7
Other comprehensive earnings before reclassifications		1.5			1.1
Realized gains on derivatives reclassified to cost of products sold (net of tax provision of $0.4 and $0.2 in 2014 and 2013, respectively)		(0.6	)		(0.4	)

Balance at end of period		1.9			1.4

Pension Liability
Balance at beginning of period		(280.0	)		(340.7	)
Amounts reclassified from accumulated other comprehensive loss: ⁽¹⁾		5.3			6.3

Balance at end of period		(274.7	)		(334.4	)

Accumulated other comprehensive loss, end of period	$	(263.3	)	$	(315.0	)


⁽¹⁾ Amortization of pension items:

Actuarial losses	$	8.9	⁽²⁾	$	10.4	⁽²⁾
Prior year service cost		(0.3	)⁽²⁾		(0.2	)⁽²⁾

		8.6			10.2
Tax benefit		(3.3	)		(3.9	)

Reclassification net of tax	$	5.3		$	6.3

⁽²⁾	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 – Pensions for additional details

- Definition

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.

+ References

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+ Details

Restructuring, Impairment and Settlement Expenses - Net (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Analysis of Company's Restructuring, Impairment and Settlement Reserve

The following table presents an analysis of the company’s restructuring, impairment and settlement reserve as of and for three months ended March 31, 2014:


(dollars in millions)
	Inventory Obsolescence			Severance Costs			Equipment Relocation			Total
Balance at December 31, 2013	$	1.7		$	1.5		$	0.4		$	3.6
Cash payments/disposals		(0.4	)		(0.5	)		(0.2	)		(1.1	)

Balance at March 31, 2014	$	1.3		$	1.0		$	0.2		$	2.5

Inventories (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Inventories


(dollars in millions)
	March 31, 2014			December 31, 2013
Finished products	$	96.7		$	88.8
Work in process		12.6			12.3
Raw materials		109.4			113.6

Inventories, at FIFO cost		218.7			214.7
LIFO reserve		(21.3	)		(21.3	)

Net inventory	$	197.4		$	193.4

Product Warranties (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Product Warranty Liability Activity

The following table presents the company’s warranty liability activity.


(dollars in millions)
	2014			2013
Balance at January 1	$	136.6		$	129.6
Expense		16.6			15.0
Claims settled		(17.3	)		(15.7	)

Balance at March 31	$	135.9		$	128.9

Earnings per Share of Common Stock (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Computation of Basic and Diluted Weighted Average Shares Used in EPS Calculations

The following table sets forth the computation of basic and diluted weighted-average shares used in the earnings per share calculations:


	Three Months Ended March 31,
	2014		2013
Denominator for basic earnings per share - weighted average shares		91,230,882		92,551,062
Effect of dilutive stock options, restricted stock and share units		735,113		633,828

Denominator for diluted earnings per share		91,965,995		93,184,890

Stock Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Changes in Option Shares

Changes in option awards, all of which relate to Common Stock, were as follows for the three months ended March 31, 2014:


	Weighted-Avg. Per Share Exercise Price		Number of Options			Average Remaining Contractual Life		Aggregate Intrinsic Value (dollars in millions)
Outstanding at January 1, 2014	$	22.37		1,440,623
Granted		46.49		297,900
Exercised		26.33		(6,268	)

Outstanding at March 31, 2014		26.50		1,732,255			8 years	$	30.1

Exercisable at March 31, 2014	$	19.33		1,065,749			7 years	$	27.2

Schedule of Weighted Average Fair Value per Option at Date of Grant


	Three Months Ended March 31,
	2014			2013
Expected life (years)		6.0			6.1
Risk-free interest rate		2.7	%		2.0	%
Dividend yield		1.1	%		1.1	%
Expected volatility		36.6	%		38.4	%

Schedule of Share Unit Activity Under Plan

A summary of share unit activity under the plan is as follows for the three months ended March 31, 2014:


	Number of Units			Weighted-Average Grant Date Value
Issued and unvested at January 1, 2014		446,036		$	26.14
Granted		110,310			46.48
Vested		(144,476	)		21.63

Issued and unvested at March 31, 2014		411,870			33.23

Pensions (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Components of Net Pension Expense

The following table presents the components of the company’s net pension expense.


(dollars in millions)
	Three Months Ended March 31,
	2014			2013
Service cost	$	2.1		$	2.3
Interest cost		11.0			9.8
Expected return on plan assets		(15.0	)		(15.4	)
Amortization of unrecognized loss		8.8			10.4
Amortization of prior service cost		(0.3	)		(0.2	)

Defined benefit plan expense	$	6.6		$	6.9

Operations by Segment (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Operating Earnings


(dollars in millions)
	Three Months Ended March 31,
	2014			2013
Net sales
North America	$	388.5		$	378.7
Rest of World		172.8			138.3
Inter-segment sales		(9.1	)		(7.4	)

	$	552.2		$	509.6

Operating earnings
North America ^{(1) (3) (4)}	$	55.3		$	54.1
Rest of World		25.1			18.2

		80.4			72.3
Corporate expenses ⁽²⁾		(14.1	)		(13.7	)
Interest expense		(1.4	)		(1.5	)

Earnings before income taxes		64.9			57.1
Provision for income taxes		18.2			18.1

Net earnings	$	46.7		$	39.0


⁽¹⁾ Includes non-operating pension costs of:	$	(3.8	)	$	(3.6	)
⁽²⁾ Includes non-operating pension costs of:		(1.0	)		(1.2	)
⁽³⁾ Includes restructuring and impairment expenses of:		—			(12.7	)
⁽⁴⁾ Includes settlement income of:		—			11.0

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis are as follows (dollars in millions):


Fair Value Measurement Using	March 31, 2014			December 31, 2013
Quoted prices in active markets for identical assets (Level 1)	$	105.9		$	107.0
Significant other observable inputs (Level 2)		(0.1	)		—

Total assets measured at fair value	$	105.8		$	107.0

Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Effect of Derivative Instruments on Consolidated Statement of Earnings

The effect of derivatives instruments on the Consolidated Statement of Earnings:


Three Months Ended March 31 (dollars in millions):
Derivatives in ASC 815 cash flow hedging relationships	Amount of gain (loss) recognized in OCI on derivative (effective portion)						Location of gain (loss) reclassified from accumulated OCI into earnings (effective portion)	Amount of gain (loss) reclassified from accumulated OCI into earnings (effective portion)				Location of gain (loss) recognized in earnings on derivative (ineffective portion)	Amount of gain (loss) recognized in earnings on a derivative (ineffective portion)
	2014			2013				2014		2013			2014		2013
Foreign currency contracts	$	2.6		$	1.8		Cost of products sold	$	1.0	$	0.6	N/A	$	—	$	—
Commodities contracts		(0.2	)		(0.1	)	Cost of products sold		—		—	Cost of products sold		—		—

	$	2.4		$	1.7			$	1.0	$	0.6		$	—	$	—

Designated as Hedging Instrument

Schedule of Summary by Currency of Foreign Currency Forward Contracts

The following table summarizes, by currency, the contractual amounts of the company’s foreign currency forward contracts.


(dollars in millions)
	March 31,
	2014				2013
	Buy		Sell		Buy		Sell
British pound	$	—	$	1.3	$	—	$	1.7
Canadian dollar		—		54.5		—		27.5
Euro		7.0		1.2		17.2		1.5
Mexican peso		11.5		—		16.6		—

Total	$	18.5	$	57.0	$	33.8	$	30.7

Schedule of Impact of Cash Flow Hedges on Company's Financial Statements

The impact of derivative contracts on the company’s financial statements is as follows:

Fair value of derivatives designated as hedging instruments under ASC 815:


(dollars in millions)
	Balance Sheet Location	March 31, 2014			December 31, 2013
Foreign currency contracts	Other current assets	$	3.4		$	1.9
	Accrued liabilities		(0.3	)		(0.2	)

Total derivatives designated as hedging instruments		$	3.1		$	1.7

Changes in Accumulated Other Comprehensive Loss by Component (Tables)

3 Months Ended

Mar. 31, 2014

Changes to Accumulated Other Comprehensive Loss by Component

Changes to accumulated other comprehensive loss by component are as follows:


(dollars in millions)
	Three Months Ended March 31,
	2014			2013
Cumulative Foreign Currency Translation
Balance at beginning of period	$	19.9		$	19.5
Other comprehensive loss before reclassifications		(10.4	)		(1.5	)

Balance at end of period		9.5			18.0

Unrealized Net Gain on Cash Flow Derivatives
Balance at beginning of period		1.0			0.7
Other comprehensive earnings before reclassifications		1.5			1.1
Realized gains on derivatives reclassified to cost of products sold (net of tax provision of $0.4 and $0.2 in 2014 and 2013, respectively)		(0.6	)		(0.4	)

Balance at end of period		1.9			1.4

Pension Liability
Balance at beginning of period		(280.0	)		(340.7	)
Amounts reclassified from accumulated other comprehensive loss: ⁽¹⁾		5.3			6.3

Balance at end of period		(274.7	)		(334.4	)

Accumulated other comprehensive loss, end of period	$	(263.3	)	$	(315.0	)


⁽¹⁾ Amortization of pension items:

Actuarial losses	$	8.9	⁽²⁾	$	10.4	⁽²⁾
Prior year service cost		(0.3	)⁽²⁾		(0.2	)⁽²⁾

		8.6			10.2
Tax benefit		(3.3	)		(3.9	)

Reclassification net of tax	$	5.3		$	6.3

⁽²⁾	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 – Pensions for additional details

Basis of Presentation - Additional Information (Detail)	1 Months Ended	3 Months Ended
Basis of Presentation - Additional Information (Detail)	Apr. 15, 2013	Mar. 31, 2014
Organization And Summary Of Significant Accounting Policies [Line Items]
Stock split ratio	2
Percentage of stock dividend to stock holders		100.00%
Dividend payable date		May 15, 2013
Dividend date of record		Apr. 30, 2013

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 14, 2013	Mar. 31, 2013
Business Acquisition [Line Items]
Aggregate cash purchase price, net of cash received		$ 3.6
MiM Isitma Sogutma Havalandirma ve Aritma Sistemleri San. Tic. A.S.
Business Acquisition [Line Items]
Percentage of shares acquired	100.00%
Cash received from acquisition		1.9
Aggregate cash purchase price, net of cash received		3.6
Recorded contingent consideration		1.1
Debt assumed		$ 1.7
Acquired intangible assets	$ 4.3
Customer Lists
Business Acquisition [Line Items]
Acquired intangible assets, amortization period, in years	10 years
Customer Lists \| MiM Isitma Sogutma Havalandirma ve Aritma Sistemleri San. Tic. A.S.
Business Acquisition [Line Items]
Acquired intangible assets subject to amortization	$ 2.4

Restructuring, Impairment and Settlement Expense - Net - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Mar. 11, 2013	Mar. 31, 2014	Mar. 31, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment expense			$ 12.7
Severance costs and impairment expense			5.2
Impairment charges related to long-lived asset			7.5
Tax benefit related to charge			3.2
Recovery of costs and damages from vendors	$ 11.0
Gain recognized on legal settlement	11.0		11.0
Income tax expense	$ 4.2	$ 18.2	$ 18.1

Schedule of Analysis of Company's Restructuring, Impairment and Settlement Reserve (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2014 USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 3.6
Cash payments/disposals	(1.1)
Ending Balance	2.5
Inventory Obsolescence
Restructuring Cost and Reserve [Line Items]
Beginning Balance	1.7
Cash payments/disposals	(0.4)
Ending Balance	1.3
Severance Costs
Restructuring Cost and Reserve [Line Items]
Beginning Balance	1.5
Cash payments/disposals	(0.5)
Ending Balance	1.0
Equipment Relocation
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0.4
Cash payments/disposals	(0.2)
Ending Balance	$ 0.2

Schedule of Inventories (Detail) - USD ($) $ in Millions	Mar. 31, 2014	Dec. 31, 2013
Inventories
Finished products	$ 96.7	$ 88.8
Work in process	12.6	12.3
Raw materials	109.4	113.6
Inventories, at FIFO cost	218.7	214.7
LIFO reserve	(21.3)	(21.3)
Net inventory	$ 197.4	$ 193.4

Long-Term Debt - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2014 USD ($) lender
Debt Instrument [Line Items]
Multi-currency revolving credit agreement	$ 400
Number of banks involved in multi-year multi-currency revolving credit agreement \| lender	8
Revolving credit facility, expiration date	Dec. 12, 2017
Multi-currency revolving credit agreement, maximum amount	$ 500

Company's Warranty Liability Activity (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Product Warranties
Beginning balance	$ 136.6	$ 129.6
Expense	16.6	15.0
Claims settled	(17.3)	(15.7)
Ending balance	$ 135.9	$ 128.9

Schedule of Computation of Basic and Diluted Weighted-Average Shares Used in Earnings per Share Calculations (Detail) - shares	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share Of Common Stock
Denominator for basic earnings per share - weighted average shares	91,230,882	92,551,062
Effect of dilutive stock options, restricted stock and share units	735,113	633,828
Denominator for diluted earnings per share	91,965,995	93,184,890

Stock Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock based compensation expense recognized	$ 5.8	$ 4.0
Stock option compensation recognized	$ 2.8	$ 1.8
Weighted-average fair value per option at the date of grant	$ 16.55	$ 12.45
Share based compensation expense attributable to share units	$ 3.0	$ 2.2
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years	3 years
Award expiration period	10 years	10 years
Restricted Stock And Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years	3 years
Share units granted under the plan	110,310	141,200
Value of share units at the date of issuance	$ 5.1	$ 4.9
A.O. Smith Combined Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for granting of options or share units	2,340,137

Changes in Option Awards All of Which Related to Common Stock (Detail) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2014 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Avg. Per Share Exercise Price, beginning period \| $ / shares	$ 22.37
Weighted-Avg. Per Share Exercise Price - Granted \| $ / shares	46.49
Weighted-Avg. Per Share Exercise Price - Exercised \| $ / shares	26.33
Weighted-Avg. Per Share Exercise Price, ending period \| $ / shares	26.50
Weighted-Avg. Per Share Exercise Price, Exercisable \| $ / shares	$ 19.33
Number of Options Outstanding, Beginning Balance \| shares	1,440,623
Number of Options, Granted \| shares	297,900
Number of Options, Exercised \| shares	(6,268)
Number of Options Outstanding, Ending Balance \| shares	1,732,255
Number of Options, Exercisable at End of Period \| shares	1,065,749
Average Remaining Contractual Life, Outstanding at End of Period, Years	8 years
Average Remaining Contractual Life, Exercisable at End of Period, Years	7 years
Aggregate Intrinsic Value, Outstanding at End of Period \| $	$ 30.1
Aggregate Intrinsic Value, Exercisable at End of Period \| $	$ 27.2

Schedule of Weighted-Average Fair Value per Option at Date of Grant (Detail)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Stock Based Compensation [Abstract]
Expected life (years)	6 years	6 years 1 month 6 days
Risk-free interest rate	2.70%	2.00%
Dividend yield	1.10%	1.10%
Expected volatility	36.60%	38.40%

Summary of Share Unit Activity Under Plan (Detail) - Restricted Stock And Share Units - $ / shares	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Units Issued and unvested, Beginning of Period	446,036
Number of Units - Granted	110,310	141,200
Number of Units - Vested	(144,476)
Number of Units Issued and unvested, End of Period	411,870
Weighted-Average Grant Date Value, Beginning of Period	$ 26.14
Weighted-Average Grant Date Value - Granted	46.48
Weighted-Average Grant Date Value - Vested	21.63
Weighted-Average Grant Date Value, End of Period	$ 33.23

Components of Company's Net Pension Expense (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Pensions [Abstract]
Service cost	$ 2.1	$ 2.3
Interest cost	11.0	9.8
Expected return on plan assets	(15.0)	(15.4)
Amortization of unrecognized loss	8.8	10.4
Amortization of prior service cost	(0.3)	(0.2)
Defined benefit plan expense	$ 6.6	$ 6.9

Operations by Segment - Additional Information (Detail)	3 Months Ended
Operations by Segment - Additional Information (Detail)	Mar. 31, 2014 Segment
Segment Reporting Information [Line Items]
Number of reporting segments	2

Schedule of Operating Earnings (Detail) - USD ($)
$ in Millions

1 Months Ended

3 Months Ended

Mar. 11, 2013

Mar. 31, 2014

Mar. 31, 2013

Segment Reporting Information [Line Items]

Net sales

$ 552.2

$ 509.6

Operating earnings

80.4

72.3

Corporate expenses

^[1]

(14.1)

(13.7)

Interest expense

(1.4)

(1.5)

Earnings before income taxes

64.9

57.1

Provision for income taxes

$ 4.2

18.2

18.1

Net earnings

46.7

39.0

North America

Segment Reporting Information [Line Items]

Net sales

388.5

378.7

Operating earnings

^[2],[3],[4]

55.3

54.1

Rest of World

Segment Reporting Information [Line Items]

Net sales

172.8

138.3

Operating earnings

25.1

18.2

Inter-segment sales

Segment Reporting Information [Line Items]

Net sales

$ (9.1)

$ (7.4)

[1]	Includes non-operating pension costs of: (1.0 ) (1.2 )
[2]	Includes non-operating pension costs of: $ (3.8 ) $ (3.6 )
[3]	Includes restructuring and impairment expenses of: - (12.7 )
[4]	Includes settlement income of: - 11.0

Schedule of Operating Earnings (Parenthetical) (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Mar. 11, 2013	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]
Restructuring and impairment expenses			$ 1.7
Settlement income	$ 11.0		11.0
Corporate Expense
Segment Reporting Information [Line Items]
Non-operating pension costs		$ (1.0)	(1.2)
Operating Income
Segment Reporting Information [Line Items]
Non-operating pension costs		$ (3.8)	(3.6)
Segment Reporting
Segment Reporting Information [Line Items]
Restructuring and impairment expenses			$ (12.7)

Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on recurring basis	$ 105.8	$ 107.0
Quoted Prices In Active Markets For Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on recurring basis	105.9	$ 107.0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on recurring basis	$ (0.1)

Schedule of Summary by Currency of Foreign Currency Forward Contracts (Detail) - Foreign currency forward contracts - USD ($) $ in Millions	Mar. 31, 2014	Mar. 31, 2013
Buy
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual amounts of foreign currency forward contracts	$ 18.5	$ 33.8
Buy \| Euro
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual amounts of foreign currency forward contracts	7.0	17.2
Buy \| Mexico, Pesos
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual amounts of foreign currency forward contracts	11.5	16.6
Sell
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual amounts of foreign currency forward contracts	57.0	30.7
Sell \| British Pound
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual amounts of foreign currency forward contracts	1.3	1.7
Sell \| Canadian Dollar
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual amounts of foreign currency forward contracts	54.5	27.5
Sell \| Euro
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contractual amounts of foreign currency forward contracts	$ 1.2	$ 1.5

Derivative Instruments - Additional Information (Detail) - Commodity Futures Contracts lb in Millions	3 Months Ended
	Mar. 31, 2014 lb
Trading Activity, Gains and Losses, Net [Line Items]
Reclassification period for effective portion of contract, in years	1 year
Commodity hedges outstanding, total weight of metals, in pounds	1.2

Impact of Derivative Contracts on Company's Financial Statements (Detail) - Designated as Hedging Instrument - USD ($) $ in Millions	Mar. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Fair value of derivative instruments, total	$ 3.1	$ 1.7
Foreign Currency Contracts \| Other Current Assets
Derivatives, Fair Value [Line Items]
Fair value of derivative instruments, assets	3.4	1.9
Foreign Currency Contracts \| Accrued Liabilities
Derivatives, Fair Value [Line Items]
Fair value of derivative instruments, liabilities	$ (0.3)	$ (0.2)

Effect of Derivative Instruments on Consolidated Statement of Earnings (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Derivative [Line Items]
Amount of gain/(loss) recognized in OCI on derivative (effective portion)	$ 2.4	$ 1.7
Amount of gain/(loss) reclassified from accumulated OCI into earnings (effective portion)	1.0	0.6
Amount of gain/(loss) recognized in earnings on a derivative (ineffective portion)
Foreign Currency Contracts
Derivative [Line Items]
Amount of gain/(loss) recognized in OCI on derivative (effective portion)	2.6	1.8
Foreign Currency Contracts \| Cost Of Products Sold
Derivative [Line Items]
Amount of gain/(loss) reclassified from accumulated OCI into earnings (effective portion)	1.0	0.6
Amount of gain/(loss) recognized in earnings on a derivative (ineffective portion)
Commodities Contracts
Derivative [Line Items]
Amount of gain/(loss) recognized in OCI on derivative (effective portion)	(0.2)	(0.1)
Amount of gain/(loss) recognized in earnings on a derivative (ineffective portion)

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Income Tax Contingency [Line Items]
Effective tax rate	28.00%	31.70%		28.20%
Unrecognized tax benefits	$ 1.3
Unrecognized tax benefits that would affect the effective tax rate, if recognized	$ 0.9
Minimum \| Scenario, Forecast
Income Tax Contingency [Line Items]
Effective tax rate			28.00%
Maximum \| Scenario, Forecast
Income Tax Contingency [Line Items]
Effective tax rate			29.00%
U.S. federal \| Minimum
Income Tax Contingency [Line Items]
Income tax examinations, years under examination	2009
U.S. federal \| Maximum
Income Tax Contingency [Line Items]
Income tax examinations, years under examination	2013
State and local \| Minimum
Income Tax Contingency [Line Items]
Income tax examinations, years under examination	2000
State and local \| Maximum
Income Tax Contingency [Line Items]
Income tax examinations, years under examination	2013
Non-U.S. \| Minimum
Income Tax Contingency [Line Items]
Income tax examinations, years under examination	2006
Non-U.S. \| Maximum
Income Tax Contingency [Line Items]
Income tax examinations, years under examination	2013

Changes in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Schedule of Amounts in Accumulated Other Comprehensive Income Loss [Line Items]

Accumulated Other Comprehensive Income loss Beginning Balance

$ (259.1)

Realized gains on derivatives reclassified to cost of products sold (net of tax provision of $0.4 and $0.2 in 2014 and 2013, respectively)

1.0

$ 0.6

Accumulated Other Comprehensive Income loss Ending Balance

(263.3)

(315.0)

Cumulative Foreign Currency Translation

Schedule of Amounts in Accumulated Other Comprehensive Income Loss [Line Items]

Accumulated Other Comprehensive Income loss Beginning Balance

19.9

19.5

Other comprehensive (loss) earnings before reclassifications

(10.4)

(1.5)

Accumulated Other Comprehensive Income loss Ending Balance

9.5

18.0

Unrealized Net Gain on Cash Flow Derivatives

Schedule of Amounts in Accumulated Other Comprehensive Income Loss [Line Items]

Accumulated Other Comprehensive Income loss Beginning Balance

1.0

0.7

Other comprehensive (loss) earnings before reclassifications

1.5

1.1

Realized gains on derivatives reclassified to cost of products sold (net of tax provision of $0.4 and $0.2 in 2014 and 2013, respectively)

(0.6)

(0.4)

Accumulated Other Comprehensive Income loss Ending Balance

1.9

1.4

Pension Liability

Schedule of Amounts in Accumulated Other Comprehensive Income Loss [Line Items]

Accumulated Other Comprehensive Income loss Beginning Balance

(280.0)

(340.7)

Amounts reclassified from accumulated other comprehensive loss:

^[1]

5.3

6.3

Accumulated Other Comprehensive Income loss Ending Balance

$ (274.7)

$ (334.4)

[1]	Amortization of pension items: Actuarial losses $ 8.9 (2) $ 10.4 (2) Prior year service cost (0.3 )(2) (0.2 )(2) 8.6 10.2 Tax benefit (3.3 ) (3.9 ) Reclassification net of tax $ 5.3 $ 6.3

- Definition

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.

+ References + Details

Changes in Accumulated Other Comprehensive Loss by Component (Parenthetical) (Detail) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Schedule of Amounts in Accumulated Other Comprehensive Income Loss [Line Items]

Actuarial losses

$ 8.8

$ 10.4

Prior year service cost

(0.3)

(0.2)

Reclassification net of tax

(5.3)

(6.3)

Unrealized Net Gain on Cash Flow Derivatives

Schedule of Amounts in Accumulated Other Comprehensive Income Loss [Line Items]

Realized losses on derivatives reclassified to cost of products sold, tax effect

0.4

0.2

Reclassification out of Accumulated Other Comprehensive Income

Schedule of Amounts in Accumulated Other Comprehensive Income Loss [Line Items]

Actuarial losses

^[1]

8.9

10.4

Prior year service cost

^[1]

(0.3)

(0.2)

Other Comprehensive Income Defined Benefit Plans Adjustment Change In Period, Total

8.6

10.2

Tax benefit

(3.3)

(3.9)

Reclassification net of tax

$ 5.3

$ 6.3

[1]	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 - Pensions for additional details