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SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
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(a)
 
Operating Margin
For the Three Months Ended March 31
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Industrial Process
$
189.8

 
$
186.1

 
$
16.9

 
$
8.1

 
8.9
%
 
4.4
%
Motion Technologies
342.2

 
287.3

 
61.9

 
55.0

 
18.1
%
 
19.1
%
Connect & Control Technologies
157.9

 
153.3

 
23.0

 
16.7

 
14.6
%
 
10.9
%
Total segment results
689.9

 
626.7

 
101.8

 
79.8

 
14.8
%
 
12.8
%
Asbestos-related benefit (costs), net

 

 
19.7

 
(14.9
)
 

 

Eliminations / Other corporate costs
(0.6
)
 
(0.9
)
 
(10.9
)
 
(7.9
)
 

 

Total Eliminations / Corporate and Other costs
(0.6
)
 
(0.9
)
 
8.8

 
(22.8
)
 

 

Total
$
689.3

 
$
625.8

 
$
110.6

 
$
57.0

 
16.0
%
 
9.1
%

(a)
Operating income and operating margin for the three months ended March 31, 2017 has been restated to reflect the adoption of ASU 2017-07. Refer to Note 2, Recent Accounting Pronouncements for further information.
 
Total Assets
 
Capital
Expenditures
 
Depreciation &
Amortization
For the Three Months Ended March 31
2018
 
2017(b)
 
2018
 
2017
 
2018
 
2017
Industrial Process
$
1,056.0

 
$
1,025.7

 
$
1.0

 
$
9.9

 
$
6.9

 
$
6.8

Motion Technologies
1,218.9

 
1,140.4

 
25.0

 
22.3

 
14.3

 
10.7

Connect & Control Technologies
708.9

 
694.8

 
2.7

 
4.4

 
5.3

 
5.6

Corporate and Other
887.7

 
839.3

 

 
0.1

 
1.1

 
1.7

Total
$
3,871.5

 
$
3,700.2

 
$
28.7

 
$
36.7

 
$
27.6

 
$
24.8


(b)
Amounts reflect balances as of December 31, 2017.