Segment Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

Our business has two reportable segments: Water Infrastructure and Applied Water. The Water Infrastructure segment, comprising our Water Solutions and Analytics operating segments, focuses on the transportation, treatment and testing of water, offering a range of products including water and wastewater pumps, treatment and testing equipment, and controls and systems. The Applied Water segment encompasses the uses of water and focuses on the residential, commercial, industrial and agricultural markets offering a wide range of products, including pumps, valves and heat exchangers. Corporate and other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, such as environmental matters that are managed at a corporate level and are not included in the business segments in evaluating performance or allocating resources.

The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1 in the 2013 Annual Report). The following tables contain financial information for each reportable segment.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in millions)	2014			2013			2014			2013
Revenue:
Water Infrastructure	$	619		$	619		$	1,823		$	1,766
Applied Water	362			360			1,105			1,086
Eliminations	(18		)	(14		)	(54		)	(48		)
Total	$	963		$	965		$	2,874		$	2,804
Operating Income:
Water Infrastructure	$	94		$	88		$	217		$	171
Applied Water	52			40			145			125
Corporate and other	(16		)	(30		)	(40		)	(62		)
Total	$	130		$	98		$	322		$	234
Depreciation and Amortization:
Water Infrastructure	$	27		$	27		$	81		$	83
Applied Water	7			7			21			21
Corporate and other	1			2			5			6
Total	$	35		$	36		$	107		$	110
Capital Expenditures:
Water Infrastructure	$	19		$	18		$	50		$	57
Applied Water	8			7			21			26
Corporate and other	2			5			6			8
Total	$	29		$	30		$	77		$	91

The following table contains the total assets for each reportable segment.

	Total Assets
(in millions)	September 30, 2014		December 31, 2013
Water Infrastructure	$	2,918	$	2,989
Applied Water	1,333		1,340
Corporate and other (a)	563		567
Total	$	4,814	$	4,896

(a) Corporate and other consists of items pertaining to our corporate headquarters function, which principally consist of cash, deferred tax assets, pension assets and certain property, plant and equipment.