Business Segments

3 Months Ended

Mar. 31, 2013

Business Segments [Abstract]

Business Segments

Note 9: 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 March 31,
	2013			2012
Revenues:
DPS	$	1,269.0		$	1,042.1
V&M		521.5			491.2
PCS		327.2			271.0
	$	2,117.7		$	1,804.3
Income (loss) before income taxes:
DPS	$	154.4		$	135.3
V&M		113.4			92.6
PCS		22.0			10.6
Corporate & other		(106.9	)		(66.7	)
	$	182.9		$	171.8

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 devaluations and from certain derivative and intercompany lending activities managed by the Company's centralized Treasury function, all of the Company's restructuring expense, joint venture formation costs, acquisition-related costs and all stock compensation expense.