Segment Information

12 Months Ended

Dec. 31, 2013

Segment Information

Segment Information

Note 2—Segment Information

        The Company's operations are reported in the following segments:

        Carlisle Construction Materials ("CCM" or the "Construction Materials segment")—the principal products of this segment are rubber (EPDM), thermoplastic polyolefin (TPO), and polyvinyl chloride (PVC) roofing membranes used predominantly on non-residential low-sloped roofs, related roofing accessories, including flashings, fasteners, sealing tapes, coatings and waterproofing, and insulation products. The markets served include new construction, re-roofing and maintenance of low-sloped roofs, water containment, HVAC sealants, and coatings and waterproofing.

        Carlisle Interconnect Technologies ("CIT" or the "Interconnect Technologies segment") —the principal products of this segment are high-performance wire, cable, connectors, contacts, and cable assemblies primarily for the aerospace, defense electronics, industrial, medical, and test and measurement equipment markets.

        Carlisle Brake & Friction ("CBF" or the "Brake & Friction segment")—the principal products of this segment include high-performance brakes and friction material, and clutch and transmission friction material for the mining, construction, aerospace, agriculture, motor sports, and alternative energy markets.

        Carlisle FoodService Products ("CFSP" or the "FoodService Products segment")—the principal products of this segment include commercial and institutional foodservice permanentware, table coverings, cookware, catering equipment, fiberglass and composite material trays and dishes, industrial brooms, brushes, mops, and rotary brushes for commercial and non-commercial foodservice operators and sanitary maintenance professionals.

        Corporate—includes other unallocated costs, primarily general corporate expenses. Corporate assets consist primarily of cash and cash equivalents, facilities, deferred taxes, and other invested assets. Corporate assets also include assets of ceased operations not classified as held for sale.

        On October 21, 2013, the Company entered into a definitive agreement to sell the Transportation Products business for total cash consideration of $375 million, subject to working capital and other customary adjustments. On December 31, 2013, the Company completed the divestiture of the Transportation Products business. All prior period results of operations have been retrospectively adjusted to reflect the Transportation Products business as discontinued operations. See Note 4 for further information related to the sale of the Transportation Products business.

        Geographic Area Information—sales from continuing operations are attributable to the United States and to all foreign countries based on the country to which the product was delivered. Sales by region for the years ended December 31 are as follows (in millions):

Country	2013		2012		2011
United States	$	2,260.8	$	2,206.0	$	1,997.6
International:
Europe		330.4		315.9		233.5
Asia		126.3		117.3		104.4
Canada		90.1		82.6		76.6
Mexico and Latin America		69.7		65.8		26.5
Middle East and Africa		47.4		46.6		43.4
Other		18.3		17.0		10.4
Net sales	$	2,943.0	$	2,851.2	$	2,492.4

        Long-lived assets, comprised of net property, plant and equipment, goodwill and other intangible assets, investments and other long-term assets, located in the United States and foreign countries are as follows (in millions):

Country	2013		2012		2011
Long-lived asset held and used:
United States	$	1,479.6	$	1,735.1	$	1,428.1
Europe		343.5		331.6		334.6
Asia		77.1		127.4		130.8
United Kingdom		55.7		55.5		27.4
Canada		1.1		1.2		1.4
Mexico		1.0		1.2		1.5
Total long-lived asset	$	1,958.0	$	2,252.0	$	1,923.8

        Financial information for operations by reportable business segment is included in the following summary:

In millions	Sales(1)		EBIT			Assets(2)		Depreciation and Amortization		Capital Spending
2013
Carlisle Construction Materials	$	1,776.5	$	264.0		$	886.9	$	31.0	$	64.5
Carlisle Interconnect Technologies		577.7		89.4			1,017.5		34.4		12.2
Carlisle Brake & Friction		350.0		33.5			603.7		21.3		10.4
Carlisle FoodService Products		238.8		27.0			193.2		7.7		10.8
Corporate		—		(47.1	)		791.4		1.7		—
Total	$	2,943.0	$	366.8		$	3,492.7	$	96.1	$	97.9
2012
Carlisle Construction Materials	$	1,695.8	$	273.4		$	860.4	$	27.9	$	81.5
Carlisle Interconnect Technologies		463.1		69.1			1,075.7		24.6		19.2
Carlisle Brake & Friction		449.0		75.6			625.7		20.2		19.8
Carlisle FoodService Products		243.3		12.3			190.1		9.1		4.9
Corporate		—		(58.5	)		132.3		1.7		1.6
Total	$	2,851.2	$	371.9		$	2,884.2	$	83.5	$	127.0
2011
Carlisle Construction Materials		1,484.0		177.9			774.4	$	23.7	$	21.1
Carlisle Interconnect Technologies		299.6		41.9			782.1		12.9		14.8
Carlisle Brake & Friction		473.0		77.2			665.8		20.2		16.8
Carlisle FoodService Products		235.8		13.2			206.8		9.2		5.1
Corporate		—		(44.2	)		116.4		1.7		0.2
Total	$	2,492.4	$	266.0		$	2,545.5	$	67.7	$	58.0

(1)

Excludes intersegment sales

(2)

Corporate assets include assets of discontinued operations not classified as held for sale

        A reconciliation of assets, depreciation, and amortization and capital spending reported above to the amounts presented on the Consolidated Statements of Cash Flows is as follows:

	2013		2012
Assets per table above	$	3,492.7	$	2,884.2
Assets held for sale of discontinued operations (Note 4)		0.3		573.1
Total Assets per Consolidated Balance Sheets	$	3,493.0	$	3,457.3

	2013		2012		2011
Depreciation and amortization per table above	$	96.1	$	83.5	$	67.7
Depreciation and amortization of discontinued operations		17.8		21.4		20.3
Total depreciation and amortization	$	113.9	$	104.9	$	88.0

	2013		2012		2011
Capital spending per table above	$	97.9	$	127.0	$	58.0
Capital spending of discontinued operations		12.9		13.4		21.6
Total capital spending	$	110.8	$	140.4	$	79.6