Segment Information

12 Months Ended

Oct. 28, 2011

Segment Information [Abstract]

Segment Information

22. Segment Information

We have historically operated in two reportable segments:  Underground Mining Machinery and Surface Mining Equipment.  Crushing and conveying operating results related to surface applications are reported as part of the Surface Mining Equipment segment, while total crushing and conveying operating results are included with the Underground Mining Machinery segment.  Eliminations consist of the surface applications of crushing and conveying included in both operating segments.  On June 22, 2011 we completed the acquisition of LeTourneau.  LeTourneau historically operated in three business segments, mining equipment, steel products, and drilling products.  Results of mining equipment and steel products are included with our Surface Mining Equipment segment.  The drilling products segment was sold on October 24, 2011 and results from the drilling products segment are classified as discontinued operations.

Operating income (loss) of segments does not include interest income and expense, reorganization items, corporate administration and provision for income taxes.  Identifiable assets are those used in our operations in each segment.  Corporate assets consist primarily of deferred financing costs, cash and cash equivalents and deferred income taxes and at October 28, 2011 cash held in escrow.  The accounting policies of the segments are the same as those described in Note 2, “Significant Accounting Policies.”

	Underground Mining		Surface Mining
In thousands	Machinery		Equipment		Corporate			Eliminations			Total
Fiscal 2011
Net Sales	$	2,576,625	$	1,959,353	$	-		$	(132,072	)	$	4,403,906
Operating income (loss)	$	595,262	$	422,472	$	(65,693	)	$	(31,862	)	$	920,179
Interest Income		-		-		13,869			-			13,869
Interest expense		-		-		(38,180	)		-			(38,180	)
Reorganization items		-		-		(35	)		-			(35	)
Income from continuing operations before income taxes	$	595,262	$	422,472	$	(90,039	)	$	(31,862	)	$	895,833
Depreciation and Amortization	$	40,537	$	38,339	$	1,742		$	-		$	80,618
Capital Expenditures	$	50,701	$	59,022	$	800		$	-		$	110,523
Total Assets	$	2,022,553	$	1,936,246	$	1,467,555		$	-		$	5,426,354
Fiscal 2010
Net Sales	$	2,126,788	$	1,518,605	$	-		$	(121,059	)	$	3,524,334
Operating income (loss)	$	433,902	$	336,236	$	(43,126	)	$	(29,909	)	$	697,103
Interest Income		-		-		13,195			-			13,195
Interest expense		-		-		(29,964	)		-			(29,964	)
Reorganization items		-		-		(1,310	)		-			(1,310	)
Income before income taxes	$	433,902	$	336,236	$	(61,205	)	$	(29,909	)	$	679,024
Depreciation and Amortization	$	39,142	$	20,472	$	1,865		$	-		$	61,479
Capital Expenditures	$	37,273	$	35,380	$	821		$	-		$	73,474
Total Assets	$	1,803,141	$	856,764	$	611,108		$	-		$	3,271,013
Fiscal 2009
Net Sales	$	2,278,691	$	1,460,445	$	-		$	(140,822	)	$	3,598,314
Operating income (loss)	$	461,019	$	322,170	$	(41,759	)	$	(39,118	)	$	702,312
Interest Income		-		-		7,485			-			7,485
Interest expense		-		-		(32,217	)		-			(32,217	)
Reorganization items		-		-		5,060			-			5,060
Income before income taxes	$	461,019	$	322,170	$	(61,431	)	$	(39,118	)	$	682,640
Depreciation and Amortization	$	39,689	$	18,846	$	1,079		$	-		$	59,614
Capital Expenditures	$	54,903	$	39,054	$	171		$	-		$	94,128
Total Assets	$	1,661,642	$	791,480	$	542,129		$	-		$	2,995,251

Geographical Segment Information

	Total			Interarea			Sales to Unaffiliated		Operating			Long Lived
In thousands	Sales			Sales			Customers		Income (Loss)			Assets
2011
United States	$	2,815,722		$	(804,206	)	$	2,011,516	$	510,694		$	332,892
Europe		515,817			(190,188	)		325,629		67,505			42,470
Australia		727,598			(23,282	)		704,316		125,349			46,038
Other Foreign		1,425,999			(63,554	)		1,362,445		394,158			159,894
Interarea Eliminations		(1,081,230	)		1,081,230			-		(111,834	)		-
	$	4,403,906		$	-		$	4,403,906	$	985,872		$	581,294
2010
United States	$	2,135,032		$	(601,475	)	$	1,533,557	$	397,966		$	235,021
Europe		315,836			(68,293	)		247,543		31,371			53,190
Australia		527,663			(20,151	)		507,512		91,911			38,783
Other Foreign		1,290,191			(54,469	)		1,235,722		279,703			120,557
Interarea Eliminations		(744,388	)		744,388			-		(60,722	)		-
	$	3,524,334		$	-		$	3,524,334	$	740,229		$	447,551
2009
United States	$	2,333,654		$	(550,105	)	$	1,783,549	$	524,576		$	217,768
Europe		520,012			(260,731	)		259,281		82,678			44,682
Australia		579,160			(32,906	)		546,254		96,928			41,233
Other Foreign		1,071,284			(62,054	)		1,009,230		227,124			96,458
Interarea Eliminations		(905,796	)		905,796			-		(187,235	)		-
	$	3,598,314		$	-		$	3,598,314	$	744,071		$	400,141

Product Information

In thousands	2011		2010		2009
Original equipment	$	1,785,380	$	1,426,744	$	1,628,375
Aftermarket		2,618,526		2,097,590		1,969,939
Total revenues	$	4,403,906	$	3,524,334	$	3,598,314