XML 23 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
During the first quarter of 2017, we combined our former Interconnect Solutions and Control Technologies segments to form Connect & Control Technologies. All prior year segment information has been reclassified based on our current segment structure. The Company's segments are reported on the same basis used by our chief operating decision maker, for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Industrial Process, Motion Technologies, and Connect & 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.
Connect & Control Technologies manufactures harsh-environment connector solutions and critical energy absorption and flow control components for the aerospace and defense, general industrial, medical, and oil and gas 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, deferred taxes, and certain property, plant and equipment.
 
Revenue
 
Operating 
Income
 
Operating Margin
For the Three Months Ended September 30
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Industrial Process
$
196.2

 
$
195.0

 
$
9.9

 
$
4.3

 
5.0
%
 
2.2
%
Motion Technologies
300.1

 
238.7

 
49.1

 
45.2

 
16.4
%
 
18.9
%
Connect & Control Technologies
149.4

 
149.0

 
17.5

 
17.4

 
11.7
%
 
11.7
%
Total segment results
645.7

 
582.7

 
76.5

 
66.9

 
11.9
%
 
11.5
%
Asbestos-related benefit, net
—

 
—

 
62.8

 
68.1

 
—

 
—

Eliminations / Other corporate costs
(0.7
)
 
(1.0
)
 
(11.5
)
 
(0.2
)
 
—

 
—

Total Eliminations / Corporate and Other costs
(0.7
)
 
(1.0
)
 
51.3

 
67.9

 
—

 
—

Total
$
645.0

 
$
581.7

 
$
127.8

 
$
134.8

 
19.8
%
 
23.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
Operating 
Income
 
Operating Margin
For the Nine Months Ended September 30
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Industrial Process
$
574.6

 
$
618.0

 
$
32.0

 
$
19.6

 
5.6
%
 
3.2
%
Motion Technologies
877.5

 
755.3

 
156.1

 
144.8

 
17.8
%
 
19.2
%
Connect & Control Technologies
452.3

 
446.8

 
47.5

 
46.6

 
10.5
%
 
10.4
%
Total segment results
1,904.4

 
1,820.1

 
235.6

 
211.0

 
12.4
%
 
11.6
%
Asbestos-related benefit, net
—

 
—

 
33.0

 
40.3

 
—

 
—

Eliminations / Other corporate costs
(2.7
)
 
(3.1
)
 
(27.5
)
 
(16.0
)
 
—

 
—

Total Eliminations / Corporate and Other costs
(2.7
)
 
(3.1
)
 
5.5

 
24.3

 
—

 
—

Total
$
1,901.7

 
$
1,817.0

 
$
241.1

 
$
235.3

 
12.7
%
 
12.9
%

 
Total Assets
 
Capital
Expenditures
 
Depreciation &
Amortization
For the Nine Months Ended September 30
2017
 
2016(a)
 
2017
 
2016
 
2017
 
2016
Industrial Process
$
1,020.8

 
$
998.1

 
$
15.8

 
$
14.9

 
$
20.7

 
$
21.0

Motion Technologies
1,111.8

 
838.4

 
55.1

 
45.5

 
35.1

 
32.7

Connect & Control Technologies
699.1

 
678.4

 
7.9

 
7.3

 
17.3

 
18.2

Corporate and Other
968.4

 
1,086.8

 
0.4

 
0.4

 
4.5

 
4.6

Total
$
3,800.1

 
$
3,601.7

 
$
79.2

 
$
68.1

 
$
77.6

 
$
76.5


(a)
Amounts reflect balances as of December 31, 2016.