Segment Reporting

3 Months Ended

Oct. 31, 2019

Segment Reporting, Measurement Disclosures [Abstract]

Segment Reporting

Segment Reporting

The Company has identified two reportable segments: Engine Products and Industrial Products. Segment determination is based on the internal organization structure, management of operations and performance evaluation by management and the Company’s Board of Directors. Corporate and Unallocated includes corporate expenses determined to be non-allocable to the segments, such as interest expense.

The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations and sharing of assets. Therefore, the Company does not represent that these segments, if operated independently, would report the earnings before income taxes and other financial information shown below.

Segment detail is summarized as follows (in millions):

	Three Months Ended October 31,
	2019			2018
Net sales
Engine Products segment	$	459.2		$	480.9
Industrial Products segment	213.5			220.5
Total	$	672.7		$	701.4
Earnings before income taxes
Engine Products segment	$	62.4		$	63.9
Industrial Products segment	29.5			36.6
Corporate and Unallocated	(5.3		)	(4.1		)
Total	$	86.6		$	96.4

Net sales by product group within the Engine Products segment and Industrial Products segment is summarized as follows (in millions):

	Three Months Ended October 31,
	2019		2018
Engine Products segment
Off-Road	$	68.6	$	76.2
On-Road	40.7		45.9
Aftermarket	319.4		331.2
Aerospace and Defense	30.5		27.6
Engine Products segment net sales	459.2		480.9
Industrial Products segment
Industrial Filtration Solutions	149.0		149.4
Gas Turbine Systems	20.7		25.5
Special Applications	43.8		45.6
Industrial Products segment net sales	213.5		220.5
Total net sales	$	672.7	$	701.4

There were no customers that accounted for over 10% of net sales for the three months ended October 31, 2019 or 2018, or gross accounts receivable as of October 31, 2019 and July 31, 2019.