Segment Information

12 Months Ended

Oct. 26, 2012

Segment Information

20. Segment Information

We operate 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 LeTourneau’s 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. On December 29, 2011, we acquired control of IMM. IMM is a leading designer and manufacturer of underground coal mining equipment in China. The results of operations for IMM have been included in the Underground Mining Machinery segment from the acquisition date forward.

Operating income (loss) of segments does not include interest income and expense, reorganization items, corporate administration expenses and the provision for income taxes. Identifiable assets are those used in our operations in each segment. Corporate assets consist primarily of deferred financing costs, property, plant and equipment, and cash and cash equivalents, 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.”

In thousands	Underground Mining Machinery		Surface Mining Equipment		Corporate			Eliminations			Total
Fiscal 2012
Net Sales	$	3,107,488	$	2,737,488	$	—		$	(184,087	)	$	5,660,889
Operating income (loss)	$	671,797	$	592,687	$	(51,079	)	$	(40,846	)	$	1,172,559
Interest Income		—		—		5,831			—			5,831
Interest expense		—		—		(73,259	)		—			(73,259	)
Income from continuing operations before income taxes	$	671,797	$	592,687	$	(118,507	)	$	(40,846	)	$	1,105,131
Depreciation and Amortization	$	90,339	$	59,887	$	2,614		$	—		$	152,840
Capital Expenditures	$	129,928	$	109,325	$	2,274		$	—		$	241,527
Total Assets	$	3,881,583	$	2,158,405	$	102,515		$	—		$	6,142,503
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

Geographical Information

In thousands	Total Sales			Interarea Sales			Sales to Unaffiliated Customers		Operating Income (Loss)			Long Lived Assets
2012
United States	$	3,238,196		$	(940,980	)	$	2,297,216	$	586,808		$	411,734
Europe		684,704			(281,797	)		402,907		83,887			50,837
Australia		1,088,654			(26,887	)		1,061,767		181,914			74,484
Other Foreign		2,001,149			(102,150	)		1,898,999		411,875			382,931
Interarea Eliminations		(1,351,814	)		1,351,814			—		(40,846	)		—
	$	5,660,889		$	—		$	5,660,889	$	1,223,638		$	919,986
2011
United States	$	2,815,722		$	(804,206	)	$	2,011,516	$	589,837		$	332,892
Europe		515,817			(190,188	)		325,629		74,085			42,470
Australia		727,598			(23,282	)		704,316		121,883			46,038
Other Foreign		1,425,999			(63,554	)		1,362,445		311,901			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

Product Information

In thousands	2012		2011		2010
Original equipment	$	2,709,944	$	1,785,380	$	1,426,744
Aftermarket		2,950,945		2,618,526		2,097,590
Total revenues	$	5,660,889	$	4,403,906	$	3,524,334