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Business Segments
 6 Months Ended
Jun. 30, 2013
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 Process & Compression Systems (PCS).  Summary financial data by segment follows (in millions):

 
 
Three Months Ended
June 30,
 
 
Six Months Ended
June 30,
 
 
 
2013
 
 
2012
 
 
2013
 
 
2012
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
DPS
 
$
1,438.4
 
 
$
1,155.8
 
 
$
2,707.4
 
 
$
2,197.9
 
V&M
 
 
534.3
 
 
 
558.3
 
 
 
1,055.8
 
 
 
1,049.5
 
PCS
 
 
314.7
 
 
 
339.6
 
 
 
641.9
 
 
 
610.6
 
 
 
$
2,287.4
 
 
$
2,053.7
 
 
$
4,405.1
 
 
$
3,858.0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
DPS
 
$
195.6
 
 
$
176.1
 
 
$
350.0
 
 
$
311.4
 
V&M
 
 
108.7
 
 
 
111.1
 
 
 
222.1
 
 
 
203.7
 
PCS
 
 
23.2
 
 
 
26.9
 
 
 
45.2
 
 
 
37.5
 
Corporate & other
 
 
(121.6
)
 
 
(91.0
)
 
 
(228.5
)
 
 
(157.7
)
 
 
$
205.9
 
 
$
223.1
 
 
$
388.8
 
 
$
394.9
 

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