SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Revenues and Operating Earnings by Reportable Segment

		Year Ended December 31, 2014
		Commercial		Business
		Aircraft		Jet	Consolidated
Revenues	$	2,058.9	$	540.1	$	2,599.0
Operating earnings excluding KLX corporate allocations (1)		356.3		50.0		406.3
KLX corporate allocations						(22.3)
Operating earnings						384.0
Total assets(2)		2,162.0		1,037.9		3,199.9
Goodwill		379.8		479.7		859.5
Capital expenditures(3)
Continuing operations		102.8		28.8		131.6
Discontinued operations						124.0
Total capital expenditures						255.6
Depreciation and amortization(3)
Continuing operations		63.4		17.4		80.8
Discontinued operations						61.5
Total depreciation and amortization						142.3

		Year Ended December 31, 2013
		Commercial		Business
		Aircraft		Jet	Consolidated
Revenues	$	1,784.7	$	418.6	$	2,203.3
Operating earnings excluding KLX corporate allocations (1)		320.3		69.0		389.3
KLX corporate allocations						(26.4)
Operating earnings						362.9
Total assets(2)		2,016.5		466.9		2,483.4
Goodwill		394.6		89.9		484.5
Capital expenditures(3)
Continuing operations		96.5		17.8		114.3
Discontinued operations						40.6
Total capital expenditures						154.9
Depreciation and amortization(3)
Continuing operations		50.4		9.4		59.8
Discontinued operations						29.8
Total depreciation and amortization						89.6

		Year Ended December 31, 2012
		Commercial		Business
		Aircraft		Jet	Consolidated
Revenues	$	1,551.2	$	363.1	$	1,914.3
Operating earnings excluding KLX corporate allocations (1)		271.3		52.0		323.3
KLX corporate allocations						(30.3)
Operating earnings						293.0
Total assets(2)		1,719.1		380.6		2,099.7
Goodwill		388.4		90.0		478.4
Capital expenditures(3)
Continuing operations		92.5		10.3		102.8
Discontinued operations						22.6
Total capital expenditures						125.4
Depreciation and amortization(3)
Continuing operations		42.3		7.7		50.0
Discontinued operations						25.0
Total depreciation and amortization						75.0

(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 $368.3,  $736.8 and $599.4 at December 31, 2014, 2013 and 2012, respectively, have been allocated to the above segments in a manner consistent with our corporate expense allocations.

(3) Corporate capital expenditures and depreciation and amortization have been allocated to the above segments in a manner consistent with our corporate expense allocations. 

As part of the spin-off, we entered into certain agreements with KLX relating to transition services and IT services for a period of approximately 24 months following the distribution. In addition, we entered into an employee matters agreement and a tax sharing and indemnification agreement with KLX in connection with the spin-off.

Sales and cost of sales to KLX subsequent to the spin-off were immaterial to the consolidated financial statements. There were no material balances due to or due from KLX as of December 31, 2014.

Total Assets by Reportable Segment

	Year Ended December 31,
		2014	2013			2012
Revenues:
Domestic	$	1,552.8	$	1,315.2	$	1,195.3
Foreign		1,046.2		888.1		719.0
	$	2,599.0	$	2,203.3	$	1,914.3
Operating earnings:
Domestic	$	147.2	$	169.0	$	186.0
Foreign		236.8		193.9		107.0
	$	384.0	$	362.9	$	293.0
	December 31,
	2014		2013
Identifiable assets:
Domestic	$	1,996.3	$	4,482.7
Foreign		1,203.6		1,213.5
	$	3,199.9	$	5,696.2

Revenues by Geographic Area Based on Destination

	Year Ended December 31,
	2014				2013				2012
			% of				% of				% of
	Revenues		Revenues		Revenues		Revenues		Revenues		Revenues
U.S.	$	859.1	33.1	%	$	788.3	35.8	%	$	771.7	40.3	%
Europe		684.6	26.3	%		549.3	24.9	%		465.5	24.3	%
Asia, Pacific Rim, Middle East and other		1,055.3	40.6	%		865.7	39.3	%		677.1	35.4	%
	$	2,599.0	100.0	%	$	2,203.3	100.0	%	$	1,914.3	100.0	%