Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. Our four reportable segments are referred to as: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies.

Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, oil and gas, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts.

Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets.

Interconnect Solutions manufactures and designs a wide range of highly engineered harsh environment connector solutions that make it possible to transfer signal and power between electronic devices which service global customers for the aerospace and defense, industrial and transportation, oil and gas, and medical markets.

Control Technologies manufactures specialized equipment, including actuation, fuel management, noise and energy absorption, and environmental control system components, for the aerospace and defense, and industrial markets.

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 asbestos and environmental liabilities, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. Assets of the segments exclude general corporate assets, which principally consist of cash, investments, asbestos-related receivables and certain property, plant and equipment.

	Revenue									Operating Income (Loss)									Operating Margin
	2015			2014			2013			2015			2014			2013			2015		2014		2013
Industrial Process	$	1,113.8		$	1,208.3		$	1,107.4		$	141.2		$	123.9		$	112.0		12.7	%	10.3	%	10.1	%
Motion Technologies	767.2			769.4			721.8			126.4			130.9			100.3			16.5	%	17.0	%	13.9	%
Interconnect Solutions	328.1			392.8			395.5			12.2			22.2			14.2			3.7	%	5.7	%	3.6	%
Control Technologies	281.2			290.5			278.2			42.4			63.5			55.3			15.1	%	21.9	%	19.9	%
Total segment results	2,490.3			2,661.0			2,502.9			322.2			340.5			281.8			13.0	%	12.8	%	11.3	%
Asbestos-related benefit (costs), net	—			—			—			91.4			(3.9		)	(32.8		)	—		—		—
Eliminations / Other corporate costs	(4.7		)	(6.4		)	(6.0		)	(33.5		)	(70.2		)	(65.4		)	—		—		—
Total Eliminations / Corporate and Other costs	(4.7		)	(6.4		)	(6.0		)	57.9			(74.1		)	(98.2		)	—		—		—
Total	$	2,485.6		$	2,654.6		$	2,496.9		$	380.1		$	266.4		$	183.6		15.3	%	10.0	%	7.4	%

	Assets				Capital Expenditures						Depreciation and Amortization
	2015		2014		2015		2014		2013		2015		2014		2013
Industrial Process	$	1,097.5	$	1,152.3	$	20.4	$	40.4	$	63.0	$	27.9	$	29.1	$	31.0
Motion Technologies	779.8		450.1		39.3		49.2		31.7		32.4		30.3		29.6
Interconnect Solutions	303.2		365.4		17.6		20.2		15.6		10.8		12.8		10.6
Control Technologies	370.6		334.1		6.1		3.8		5.7		12.6		10.0		10.0
Corporate and Other	1,172.5		1,329.6		3.3		5.2		6.9		6.3		6.1		5.7
Total	$	3,723.6	$	3,631.5	$	86.7	$	118.8	$	122.9	$	90.0	$	88.3	$	86.9

	Revenue(a)
Geographic Information	2015		2014		2013
United States	$	941.1	$	927.0	$	896.2
Germany	290.7		303.3		266.7
Other developed markets	476.8		588.3		583.4
Other emerging growth markets	777.0		836.0		750.6
Total	$	2,485.6	$	2,654.6	$	2,496.9

(a) Revenue to external customers is attributed to individual regions based upon the destination of product or service delivery.

	Plant, Property & Equipment, Net
Geographic Information	2015		2014
United States	$	192.0	$	169.4
Italy	81.6		89.3
Germany	36.8		44.9
South Korea	32.6		37.1
China	37.2		36.1
Other developed markets	22.2		20.9
Other emerging growth markets	41.1		46.2
Total	$	443.5	$	443.9

The following table provides revenue by product category, net of intercompany balances.

	2015		2014		2013
Pumps and complementary products	$	1,025.9	$	1,112.3	$	1,010.8
Pump support and maintenance services	87.8		96.0		96.6
Brake component products	656.7		647.9		619.6
Shock absorber equipment	110.2		121.3		102.0
Connectors equipment	327.9		392.3		394.9
CT Aerospace products	210.7		199.5		192.6
CT Industrial products	66.4		85.3		80.4
Total	$	2,485.6	$	2,654.6	$	2,496.9

During 2015, 2014, and 2013, a single customer accounted for 9.1%, 9.2%, and 10.1% of consolidated ITT revenue, respectively.