Segment Reporting

9 Months Ended

Apr. 30, 2020

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 inter-segment 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 April 30,				Nine Months Ended April 30,
	2020		2019		2020		2019
Net sales
Engine Products segment	$	420.4	$	489.4	$	1,315.2	$	1,439.3
Industrial Products segment	209.3		223.4		649.2		678.6
Total	$	629.7	$	712.8	$	1,964.4	$	2,117.9
Earnings before income taxes
Engine Products segment	$	56.5	$	71.5	$	172.2	$	188.6
Industrial Products segment	34.7		32.7		98.8		101.5
Corporate and Unallocated	(6.8)		(4.7)		(17.1)		(13.7)
Total	$	84.4	$	99.5	$	253.9	$	276.4

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

	Three Months Ended April 30,				Nine Months Ended April 30,
	2020		2019		2020		2019
Engine Products segment
Off-Road	$	63.5	$	84.8	$	199.6	$	240.0
On-Road	25.1		46.9		99.5		135.6
Aftermarket	301.9		327.7		929.4		980.0
Aerospace and Defense	29.9		30.0		86.7		83.7
Engine Products segment net sales	420.4		489.4		1,315.2		1,439.3
Industrial Products segment
Industrial Filtration Solutions	137.4		155.2		441.4		469.2
Gas Turbine Systems	29.2		27.5		74.2		80.5
Special Applications	42.7		40.7		133.6		128.9
Industrial Products segment net sales	209.3		223.4		649.2		678.6
Total net sales	$	629.7	$	712.8	$	1,964.4	$	2,117.9

There were no customers that accounted for over 10% of net sales for the three and nine months ended April 30, 2020 or 2019, or over 10% of gross accounts receivable as of April 30, 2020 and July 31, 2019.