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Segment Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company's operations are organized and managed based on similar product offerings and end markets, and are reported to senior management as the following seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The following is a description of the Company's seven segments:

Automotive OEM— This segment is a global, niche supplier to top tier OEMs, providing unique innovation to address pain points for sophisticated customers with complex problems. Businesses in this segment produce components and fasteners for automotive-related applications.

Food Equipment— This segment is a highly focused and branded industry leader in commercial food equipment differentiated by innovation and integrated service offerings.

Test & Measurement and Electronics— This segment is a branded and innovative producer of test and measurement and electronic manufacturing and MRO solutions that improve efficiency and quality for customers in diverse end markets. Businesses in this segment produce equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics.

Welding— This segment is a branded value-added equipment and specialty consumable manufacturer with innovative and leading technology. Businesses in this segment produce arc welding equipment, consumables and accessories for a wide array of industrial and commercial applications.

Polymers & Fluids— This segment is a branded supplier to niche markets that require value-added, differentiated products. Businesses in this segment produce engineered adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance.

Construction Products— This segment is a branded supplier of innovative engineered fastening systems and solutions.

Specialty Products— This segment is focused on diversified niche market opportunities with substantial patent protection producing beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners.

Segments are allocated a fixed overhead charge based on the segment's revenue. Expenses not charged to the segments are reported separately as Unallocated. Because the Unallocated category includes a variety of items, it is subject to fluctuations on a quarterly and annual basis.
Segment information for 2020, 2019 and 2018 was as follows:
In millions202020192018
Operating revenue:
Automotive OEM$2,571 $3,063 $3,338 
Food Equipment1,739 2,188 2,214 
Test & Measurement and Electronics1,963 2,121 2,171 
Welding1,384 1,638 1,691 
Polymers & Fluids1,622 1,669 1,724 
Construction Products1,652 1,625 1,700 
Specialty Products1,660 1,825 1,951 
Intersegment revenue(17)(20)(21)
Total$12,574 $14,109 $14,768 
Operating income:
Automotive OEM$457 $659 $751 
Food Equipment342 578 572 
Test & Measurement and Electronics507 542 523 
Welding376 453 474 
Polymers & Fluids402 381 369 
Construction Products421 383 414 
Specialty Products432 472 522 
Total segments2,937 3,468 3,625 
Unallocated(55)(66)(41)
Total$2,882 $3,402 $3,584 
Depreciation and amortization and impairment of intangible assets:
Automotive OEM$131 $125 $123 
Food Equipment41 41 44 
Test & Measurement and Electronics75 69 88 
Welding24 26 27 
Polymers & Fluids72 77 83 
Construction Products31 29 32 
Specialty Products53 59 64 
Total$427 $426 $461 
Plant and equipment additions:
Automotive OEM$79 $134 $184 
Food Equipment34 35 28 
Test & Measurement and Electronics23 26 31 
Welding27 28 23 
Polymers & Fluids16 18 15 
Construction Products21 29 25 
Specialty Products36 56 58 
Total$236 $326 $364 
Identifiable assets:
Automotive OEM$2,302 $2,417 $2,388 
Food Equipment983 1,042 1,019 
Test & Measurement and Electronics2,239 2,374 2,343 
Welding700 734 789 
Polymers & Fluids1,855 1,862 1,942 
Construction Products1,239 1,176 1,167 
Specialty Products1,635 1,656 1,687 
Total segments10,953 11,261 11,335 
Corporate4,659 3,807 3,535 
Total$15,612 $15,068 $14,870 
Identifiable assets by segment are those assets that are specifically used in that segment. Corporate assets are principally cash and equivalents, investments and other general corporate assets.
Enterprise-wide information for the twelve months ended December 31, 2020, 2019 and 2018 was as follows:

In millions202020192018
Operating Revenue by Geographic Region:
United States$5,834 $6,507 $6,562 
Canada/Mexico778 972 1,050 
Total North America6,612 7,479 7,612 
Europe, Middle East and Africa3,447 3,920 4,241 
Asia Pacific2,291 2,400 2,573 
South America224 310 342 
Total operating revenue$12,574 $14,109 $14,768 

Operating revenue by geographic region is based on the customers' locations. As of December 31, 2020 and 2019, the Company had approximately 42% and 40%, respectively, of its total net plant and equipment in the United States. As of December 31, 2020 and 2019, the Company had approximately 10% and 11%, respectively, of its total net plant and equipment in China. As of December 31, 2020, the Company had approximately 10% of its total net plant and equipment in Germany. No single customer accounted for more than 5% of consolidated revenues for the twelve months ended December 31, 2020, 2019 or 2018.