SEGMENT REPORTING

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

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 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 (“CODM”). This group is comprised of the Executive Chairman of the Board of Directors, the President and Chief Executive Officer and the 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, maintenance, aircraft leasing and aircraft manufacturing customers.The Company has not included product line information due to the similarity of commercial aircraft segment product offerings.

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

	Year Ended December 31, 2015
	Commercial		Business
	Aircraft		Jet		Consolidated
Revenues	$	2,098.3	$	631.3	$	2,729.6
Operating earnings(1)		367.5		84.8		452.3
Total assets(2)		2,120.5		1,020.4		3,140.9
Goodwill		372.6		440.6		813.2
Capital expenditures(3)		61.7		18.8		80.5
Depreciation and amortization(3)		63.1		22.2		85.3

	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)		2,129.5		1,043.6		3,173.1
Goodwill		379.8		460.6		840.4
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)		1,977.3		458.2		2,435.5
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

(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 $322.2,  $324.9 and $674.5 at December 31, 2015, 2014 and 2013, 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. 

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. Revenues from the United Kingdom were $749.5 and $734.7 and assets from the Philippines were $527.6 and $350.7 as of December 31, 2015 and 2014, respectively.

The following table presents revenues and operating earnings based on the originating location for the years ended December 31, 2015, 2014 and 2013. Additionally, it presents all identifiable assets related to the operations in each geographic area as of December 31, 2015 and 2014:

	Year Ended December 31,
	2015		2014		2013
Revenues:
Domestic	$	1,619.3	$	1,552.8	$	1,315.2
Foreign		1,110.3		1,046.2		888.1
	$	2,729.6	$	2,599.0	$	2,203.3
Operating earnings:
Domestic	$	177.6	$	147.2	$	169.0
Foreign		274.7		236.8		193.9
	$	452.3	$	384.0	$	362.9
	December 31,
	2015		2014
Identifiable assets:
Domestic	$	1,781.8	$	1,955.9
Foreign		1,359.1		1,217.2
	$	3,140.9	$	3,173.1

Revenues by geographic area, based on destination, for the years ended December 31, 2015, 2014, and 2013 were as follows:

	Year Ended December 31,
	2015				2014				2013
			% of				% of				% of
	Revenues		Revenues		Revenues		Revenues		Revenues		Revenues
U.S.	$	966.3	35.4	%	$	859.1	33.1	%	$	788.3	35.8	%
Europe		663.5	24.3	%		684.6	26.3	%		549.3	24.9	%
Asia, Pacific Rim, Middle East and other		1,099.8	40.3	%		1,055.3	40.6	%		865.7	39.3	%
	$	2,729.6	100.0	%	$	2,599.0	100.0	%	$	2,203.3	100.0	%

Export revenues from the United States to customers in foreign countries amounted to $880.8,  $863.4 and $713.6 in the years ended December 31, 2015, 2014 and 2013, respectively. Revenues from transactions with other operating segments were $24.4,  $24.5, and $18.1 for the years ended December 31, 2015, 2014, and 2013, respectively.