Information on Reportable Segments and Other Operating Segments (Tables)

12 Months Ended

Dec. 31, 2014

Information on Reportable Segments and Other Operating Segments

Schedule of reportable segments and other operating segments, including the results of acquisitions from the respective dates of acquisition

	2014		2013			2012
Revenues:
Flow Technology reportable segment	$	2,596.1	$	2,638.0		$	2,682.2
Thermal Equipment and Services reportable segment(1)		1,329.9		1,344.2			1,490.9
Industrial Products and Services and Other		795.1		791.1			721.5
Total revenues	$	4,721.1	$	4,773.3		$	4,894.6
Income:
Flow Technology reportable segment	$	361.9	$	308.3		$	285.1
Thermal Equipment and Services reportable segment(1)		52.4		81.9			106.7
Industrial Products and Services and Other		107.8		119.9			99.3
Total income for reportable and other operating segments		522.1		510.1			491.1
Corporate expense		106.8		110.8			108.8
Pension and postretirement expense (income)		113.8		(17.7	)		158.0
Stock-based compensation expense		38.4		32.9			38.9
Impairment of goodwill and other long-term assets		38.1		6.7			285.9
Special charges, net		23.1		32.3			23.4
Consolidated operating income (loss)	$	201.9	$	345.1		$	(123.9	)
Capital expenditures:
Flow Technology reportable segment	$	34.8	$	21.0		$	25.6
Thermal Equipment and Services reportable segment		9.1		7.2			10.9
Industrial Products and Services and Other		6.9		10.3			19.4
General corporate		10.3		16.6			25.9
Total capital expenditures	$	61.1	$	55.1		$	81.8
Depreciation and amortization:
Flow Technology reportable segment	$	62.8	$	68.3		$	63.8
Thermal Equipment and Services reportable segment		20.3		22.5			22.0
Industrial Products and Services and Other		15.2		15.9			15.9
General corporate		10.9		8.4			6.1
Total depreciation and amortization	$	109.2	$	115.1		$	107.8
Identifiable assets:
Flow Technology reportable segment	$	3,165.7	$	3,526.8		$	3,611.2
Thermal Equipment and Services reportable segment		1,391.0		1,338.1			1,445.4
Industrial Products and Services and Other		667.4		684.8			699.3
General corporate		678.1		1,205.6			1,279.1
Discontinued operations		—		100.9			95.1
Total identifiable assets	$	5,902.2	$	6,856.2		$	7,130.1
Geographic Areas:
Revenues:(2)
United States	$	2,233.9	$	2,213.3		$	2,230.8
United Kingdom		452.0		499.6			545.2
Germany		311.9		306.2			358.5
China		278.4		235.9			232.3
South Africa		137.3		266.3			322.4
Other		1,307.6		1,252.0			1,205.4
	$	4,721.1	$	4,773.3		$	4,894.6
Tangible Long-Lived Assets:
United States	$	956.1	$	1,260.1		$	1,156.5
Other		444.6		385.7			310.2
Long-lived assets of continuing operations		1,400.7		1,645.8			1,466.7
Long-lived assets of discontinued operations		—		12.1			12.0
Total tangible long-lived assets	$	1,400.7	$	1,657.9		$	1,478.7

(1)

During 2014, the business environment surrounding our large power projects in South Africa became increasingly difficult. In addition, in January 2015, the end customer announced additional schedule delays for completing these projects. Against this background, we have incurred, and expect to incur, additional costs relating to the projects. We believe that a large portion of these costs is reimbursable by our subcontractors on the projects. However, certain of these subcontractors appear to be financially challenged and, as such, their ability to reimburse us is not reasonably assured. In consideration of these additional costs and the associated recoverability risk, we made revisions to expected revenues and costs on our large power projects in South Africa, resulting in a reduction in revenue and segment income during 2014 of $33.3.

(2)

Revenues are included in the above geographic areas based on the country that recorded the customer revenue.