SEGMENT REPORTING

12 Months Ended

Dec. 31, 2012

SEGMENT REPORTING

13. SEGMENT REPORTING

The Company is organized based on the products and services it offers. The Company’s reportable segments, which are also its operating segments, are comprised of commercial aircraft, consumables management and business jet. Each segment regularly reports its results of operations and makes requests for capital expenditures and acquisition funding to the Company’s chief operational decision-making group. This group is presently comprised of the Chairman and Chief Executive Officer, the President and Chief Operating Officer, and the Senior Vice President and Chief Financial Officer. Each operating segment has separate management teams and infrastructures dedicated to providing a full range of products and services to their commercial, business jet, military, MRO, aircraft leasing and aircraft manufacturing customers.The Company has not included product line information due to the similarity of commercial aircraft segment (“CAS”) product offerings and the impracticality of determining such information for the consumables management segment (“CMS”).

The following table presents net revenues and other financial information by business segment:

	Year Ended December 31, 2012
	Commercial		Consumables		Business
	Aircraft		Management		Jet		Consolidated
Net revenues	$	1,551.2	$	1,171.0	$	363.1	$	3,085.3
Operating earnings (1)		271.3		216.7		52.0		540.0
Total assets(2)		1,719.1		3,006.7		380.6		5,106.4
Goodwill		388.4		1,005.8		90.0		1,484.2
Capital expenditures(3)		92.5		22.6		10.3		125.4
Depreciation and amortization(3)		42.3		25.0		7.7		75.0

	Year Ended December 31, 2011
	Commercial		Consumables		Business
	Aircraft		Management		Jet		Consolidated
Net revenues	$	1,302.0	$	943.5	$	254.3	$	2,499.8
Operating earnings (1)		216.0		183.1		28.9		428.0
Total assets(2)		1,387.0		2,120.2		330.1		3,837.3
Goodwill		384.2		535.4		88.7		1,008.3
Capital expenditures(3)		51.6		17.6		6.8		76.0
Depreciation and amortization(3)		36.0		19.7		6.4		62.1

	Year Ended December 31, 2010
	Commercial		Consumables		Business
	Aircraft		Management		Jet		Consolidated
Net revenues	$	997.5	$	772.9	$	213.8	$	1,984.2
Operating earnings (1)		148.7		153.2		14.1		316.0
Total assets(2)		1,149.6		1,993.2		275.2		3,418.0
Goodwill		388.5		517.3		88.7		994.5
Capital expenditures(3)		55.4		9.7		3.8		68.9
Depreciation and amortization(3)		29.2		16.9		6.3		52.4

(1) Operating earnings includes an allocation of corporate IT costs, employee benefits and general and administrative costs based on the proportion of each segment’s systems users, number of employees and sales, respectively.

(2) Corporate assets (including cash and cash equivalents) of $599.4, $304.6 and $123.8 at December 31, 2012, 2011 and 2010, respectively, have been allocated to the above segments in a manner consistent with our corporate expense allocations. Prior year amounts have been restated to reflect this revised allocation methodology.

(3) Corporate capital expenditures and depreciation and amortization have been allocated to the above segments in a manner consistent with our corporate expense allocations. Prior year amounts have been restated to reflect this revised allocation methodology.

Geographic Information

The Company operates principally in three geographic areas, the United States, Europe (primarily the United Kingdom) and emerging markets, such as Asia, Pacific Rim, and the Middle East. There were no significant transfers among geographic areas during these periods.

The following table presents revenues and operating earnings based on the originating location for the years ended December 31, 2012, 2011 and 2010. Additionally, it presents all identifiable assets related to the operations in each geographic area as of December 31, 2012 and 2011:

	Year Ended December 31,
	2012		2011		2010
Revenues:
Domestic	$	2,230.1	$	1,750.2	$	1,422.6
Foreign		855.2		749.6		561.6
	$	3,085.3	$	2,499.8	$	1,984.2
Operating earnings:
Domestic	$	334.2	$	246.9	$	181.3
Foreign		205.8		181.1		134.7
	$	540.0	$	428.0	$	316.0
	December 31,
Identifiable assets:		2012		2011
Domestic	$	3,817.0	$	3,128.6
Foreign		1,289.4		708.7
	$	5,106.4	$	3,837.3

Revenues by geographic area, based on destination, for the years ended December 31, 2012, 2011, and 2010 were as follows:

	Year Ended December 31,
	2012					2011					2010
			% of					% of					% of
	Revenues		Revenues			Revenues		Revenues			Revenues		Revenues
U.S.	$	1,499.5		48.6	%	$	1,296.4		51.9	%	$	1,005.6		50.7	%
Europe		755.9		24.5	%		606.0		24.2	%		495.1		25.0	%
Asia, Pacific Rim,
Middle East and other		829.9		26.9	%		597.4		23.9	%		483.5		24.3	%
	$	3,085.3		100.0	%	$	2,499.8		100.0	%	$	1,984.2		100.0	%

Export revenues from the United States to customers in foreign countries amounted to $896.4, $617.7 and $493.5 in the years ended December 31, 2012, 2011 and 2010, respectively.