XML 33 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Business Segment Information
6 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information
The following tables reflect the sales and operating results of our reportable segments (in millions):
 
 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
 
2017
 
2016
 
2017
 
2016
Sales
 
 
 
 
 
 
 
Architecture & Software
$
719.0

 
$
629.5

 
$
1,415.4

 
$
1,272.4

Control Products & Solutions
835.3

 
810.8

 
1,629.2

 
1,594.5

Total
$
1,554.3

 
$
1,440.3

 
$
3,044.6

 
$
2,866.9

Segment operating earnings
 
 
 
 
 
 
 
Architecture & Software
$
190.6

 
$
154.6

 
$
399.2

 
$
330.8

Control Products & Solutions
105.4

 
122.9

 
213.4

 
242.6

Total
296.0

 
277.5

 
612.6

 
573.4

Purchase accounting depreciation and amortization
(5.6
)
 
(4.5
)
 
(11.2
)
 
(9.2
)
General corporate – net
(21.4
)
 
(19.5
)
 
(36.3
)
 
(37.5
)
Non-operating pension costs
(19.8
)
 
(18.9
)
 
(39.6
)
 
(37.8
)
Interest expense
(18.9
)
 
(17.6
)
 
(37.6
)
 
(35.0
)
Income before income taxes
$
230.3

 
$
217.0

 
$
487.9

 
$
453.9


Among other considerations, we evaluate performance and allocate resources based upon segment operating earnings before income taxes, interest expense, costs related to corporate offices, non-operating pension costs, certain nonrecurring corporate initiatives, gains and losses from the disposition of businesses and purchase accounting depreciation and amortization. Depending on the product, intersegment sales within a single legal entity are either at cost or cost plus a mark-up, which does not necessarily represent a market price. Sales between legal entities are at an appropriate transfer price. We allocate costs related to shared segment operating activities to the segments using a methodology consistent with the expected benefit.