Business Segments

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements [Abstract]

Business Segments

Note 10: Business Segments

The Company's operations are organized into three separate business segments – Drilling & Production Systems (DPS), Valves & Measurement (V&M) and Process & Compression Systems (PCS).  Summary financial data by segment follows (in millions):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Revenues:
DPS	$	977.2		$	944.0		$	2,845.5		$	2,600.1
V&M		434.4			312.7			1,200.8			937.0
PCS		274.3			270.4			881.9			789.4
	$	1,685.9		$	1,527.1		$	4,928.2		$	4,326.5
Income (loss) before income taxes:
DPS	$	196.6		$	161.8		$	474.3		$	463.8
V&M		81.5			43.0			212.2			137.3
PCS		24.0			41.4			88.5			96.4
Corporate & other		(104.1	)		(61.1	)		(249.7	)		(179.6	)
	$	198.0		$	185.1		$	525.3		$	517.9

Corporate & other includes expenses associated with the Company's Corporate office, all of the Company's interest income and interest expense, certain litigation expense managed by the Company's General Counsel, foreign currency gains and losses from certain derivative and intercompany lending activities managed by the Company's centralized Treasury function, all of the Company's restructuring expense and acquisition-related costs and all stock compensation expense.