XML 24 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Revenue and Earnings from continuing operations by market segment
Segment financial information and a reconciliation of segment results to consolidated results follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Revenue:
 
 
 
 
 
 
 
Energy
$
507,334

 
$
467,688

 
$
1,467,123

 
$
1,396,273

Engineered Systems
695,244

 
642,205

 
2,043,979

 
1,886,956

Fluids
361,797

 
309,241

 
1,053,081

 
893,016

Refrigeration & Food Equipment
528,807

 
521,322

 
1,462,657

 
1,461,364

Intra-segment eliminations
(715
)
 
(245
)
 
(1,988
)
 
(1,010
)
Total consolidated revenue
$
2,092,467

 
$
1,940,211

 
$
6,024,852

 
$
5,636,599

 
 
 
 
 
 
 
 
Earnings from continuing operations:
 
 

 
 
 
 
Segment earnings:
 

 
 

 
 
 
 
Energy
$
122,738

 
$
119,086

 
$
356,697

 
$
347,456

Engineered Systems
119,316

 
111,850

 
324,058

 
297,937

Fluids
67,559

 
63,056

 
188,613

 
169,425

Refrigeration & Food Equipment
78,012

 
86,446

 
207,800

 
220,733

Total segments
387,625

 
380,438

 
1,077,168

 
1,035,551

Corporate expense / other (1)
27,689

 
32,532

 
87,317

 
101,024

Net interest expense
31,239

 
30,236

 
95,871

 
90,752

Earnings before provision for income taxes and discontinued operations
328,697

 
317,670

 
893,980

 
843,775

Provision for taxes
95,872

 
91,435

 
267,388

 
192,269

Earnings from continuing operations
$
232,825

 
$
226,235

 
$
626,592

 
$
651,506


(1)
Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, and various administrative expenses relating to the corporate headquarters.