Business Segment Information

6 Months Ended

Jun. 30, 2011

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

The Company classifies its businesses into the following four reportable segments based on industry and market focus: Climate Solutions, Residential Solutions, Industrial Technologies and Security Technologies.

On April 21, 2011, the Company announced a plan to divest its Hussmann refrigerated display case equipment business in the U.S. and Canada, and the equipment, service and installation businesses in Mexico, Chile, Australia, New Zealand, and Japan. This business, which was previously reported as part of the Climate Solutions segment, manufactures, markets, distributes, installs, and services refrigerated display merchandising equipment, refrigeration systems, over the counter parts, and other commercial and industrial refrigeration applications. No assurance related to the planned divestiture can be given by the Company as to the timing, consummation or terms, including consideration or the possibility of continuing ownership by the Company for all or some portion of the Hussmann Business for a period of time. Segment information has been revised to exclude the results of this business for all periods presented.

On December 30, 2010, the Company completed the divestiture of its gas microturbine generator business, which was sold under the Energy Systems brand, to Flex Energy, Inc. The business, which was previously reported as part of the Industrial Technologies segment, designs, manufactures, markets, distributes, and services gas powered microturbine generators which feature energy efficient design and low emissions technology. Segment information has been revised to exclude the results of this business for all periods presented.

On October 4, 2010, the Company completed the divestiture of its European refrigerated display case business, which was sold under the KOXKA brand, to an affiliate of American Industrial Acquisition Corporation (AIAC Group). The business, which was previously reported as part of the Climate Solutions segment, designs, manufactures and markets commercial refrigeration equipment through sales branches and a network of distributors throughout Europe, Africa and the Middle East. Segment information has been revised to exclude the results of this business for all periods presented.

A summary of operations by reportable segment for the three and six months ended June 30 is as follows:

	Three months ended						Six months ended
In millions	2011			2010			2011			2010
Net revenues
Climate Solutions	$	2,047.6		$	1,795.9		$	3,720.8		$	3,229.4
Residential Solutions	632.1			640.6			1,065.4			1,036.1
Industrial Technologies	771.9			624.7			1,412.4			1,168.8
Security Technologies	440.6			420.6			831.6			813.4
Total	$	3,892.2		$	3,481.8		$	7,030.2		$	6,247.7
Operating income (loss)
Climate Solutions	$	249.9		$	171.5		$	348.9		$	202.7
Residential Solutions	40.3			68.1			48.3			85.4
Industrial Technologies	120.5			78.7			205.7			140.3
Security Technologies	91.6			88.5			161.6			153.3
Unallocated corporate expense	(26.8		)	(43.4		)	(57.1		)	(78.8		)
Total	$	475.5		$	363.4		$	707.4		$	502.9

Included in Operating income for Climate Solutions for the three and six months ended June 30, 2011 is a $23 million gain associated with the sale of assets from a restructured business in China.