part iI / item 8 31 Item 8. Financial Statements and Supplementary Data. MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING The accompanying consolidated financial statements of Crane Co. and subsidiaries have been prepared by management in conformity with accounting principles generally accepted in the United States of America and, in the judgment of management, present fairly and consistently the Company’s financial position and results of oper- ations and cash flows. These statements by necessity include amounts that are based on management’s best estimates and judg- ments and give due consideration to materiality. Management is responsible for establishing and maintaining adequate internal control over financial reporting. The Company’s internal control system was designed to provide reasonable assur- ance to the Company’s management and board of directors regard- ing the preparation and fair presentation of published financial statements. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2012. In making this assessment, it used the criteria established in “Internal Control — Integrated Framework,” issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on our assess- ment we believe that, as of December 31, 2012, the Company’s internal control over financial reporting is effective based on those criteria. Deloitte & Touche LLP, the independent registered public account- ing firm that also audited the Company’s consolidated financial statements included in this Annual Report on Form 10-K, audited the internal control over financial reporting as of December 31, 2012, and issued their related attestation report which is included on page 83. The Section 302 certifications of the Company’s Chief Executive Officer and its Principal Financial Officer have been filed as Exhibit 31 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012. Eric C. Fast ChiefExecutiveOfficer Richard A. Maue VicePresident,FinanceandChiefFinancialOfficer (PrincipalFinancialOfficer)