Segment Information

6 Months Ended

Jun. 30, 2012

Segment Information

Segment Information

Note 3 - 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) and thermoplastic polyolefin (TPO) 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 Transportation Products (“CTP” or the “Transportation Products segment”) —the principal products of this segment include bias-ply, steel belted radial trailer tires, stamped or roll-formed steel wheels, tires, and tire and wheel assemblies, as well as industrial belts and related components.  The markets served include lawn and garden, power sports, agriculture and construction.

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

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, and test and measurement equipment 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 general corporate expenses. Corporate assets consist primarily of cash and cash equivalents, facilities, deferred taxes, and other invested assets. Corporate operations also maintain a captive insurance program for workers compensation costs on behalf of all the Carlisle operating companies.

Effective January 1, 2012, the Company’s Styled Wheels business was transitioned from CTP to CBF.  Styled wheels continue to be manufactured by CTP, but are marketed and sold by the performance racing group within CBF.  Related intersegment sales of $13.7 million from CTP to CBF during the six months ended June 30, 2012 have been eliminated upon consolidation.  As a result of this transition, in accordance with ASC 280, Segment Reporting, the Company has presented all of the working capital related to the Styled Wheels business in the CBF reportable segment, as well as attributable goodwill based on the fair value of the Styled Wheels business relative to consolidated CTP.  Prior period results have been retrospectively adjusted to reflect this change in presentation.

Unaudited financial information for operations by reportable segment is included in the following tables:

Three Months Ended June 30,	2012					2011
In millions	Sales(1)		EBIT			Sales(1)		EBIT
Carlisle Construction Materials	$	470.0	$	85.5		$	412.0	$	54.2
Carlisle Transportation Products(3)	$	203.3	$	18.4		$	195.7	$	5.3
Carlisle Brake & Friction(3)	$	133.3	$	24.8		$	128.0	$	20.8
Carlisle Interconnect Technologies	$	114.7	$	17.4		$	71.7	$	11.7
Carlisle FoodService Products	$	63.3	$	5.7		$	63.4	$	5.3
Corporate	$	—	$	(11.5	)	$	—	$	(11.9	)
Total	$	984.6	$	140.3		$	870.8	$	85.4

Six Months Ended June 30,	2012							2011
In millions	Sales(1)		EBIT			Assets(2)		Sales(1)		EBIT			Assets(2)
Carlisle Construction Materials	$	823.9	$	127.5		$	944.7	$	663.3	$	72.2		$	728.7
Carlisle Transportation Products(3)	$	434.8	$	38.1		$	560.8	$	396.5	$	18.8		$	559.5
Carlisle Brake & Friction(3)	$	267.2	$	50.0		$	700.4	$	247.1	$	40.6		$	706.7
Carlisle Interconnect Technologies	$	225.4	$	34.1		$	794.7	$	137.4	$	20.6		$	416.6
Carlisle FoodService Products	$	122.6	$	11.2		$	210.8	$	120.1	$	10.8		$	211.7
Corporate	$	—	$	(24.4	)	$	85.2	$	—	$	(22.4	)	$	78.7
Total	$	1,873.9	$	236.5		$	3,296.6	$	1,564.4	$	140.6		$	2,701.9

(1) Excludes intersegment sales

(2) Corporate assets include assets of ceased operations not classified as held for sale

(3) CTP and CBF results and assets reflect January 1, 2012 resegmentation of Styled Wheels business from CTP to CBF.

See above for further discussion.