Business Segments

3 Months Ended

Mar. 31, 2014

Business Segments [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 PCS.  Summary financial data by segment follows (in millions):

	Three Months Ended March 31,
	2014			2013
Revenues:
DPS	$	1,705.1		$	1,269.0
V&M		492.3			521.5
PCS		234.1			270.4
Total revenues	$	2,431.5		$	2,060.9
Income (loss) from continuing operations before income taxes:
DPS	$	183.0		$	154.4
V&M		94.1			113.4
PCS		15.5			19.6
Corporate & other		(122.4	)		(106.9	)
Income (loss) from continuing operations before income taxes	$	170.2		$	180.5

Corporate & other includes expenses associated with the Company's back office support and public company costs, all of the Company's interest income and interest expense, and other costs as described further in Note 3 of the Notes to the Consolidated Condensed Financial Statements.