Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Geographic Financial Information:



	2018		2017		2016
Property, Plant and Equipment, net:
United States	$	371.7	$	392.1	$	418.0
Americas excluding United States	13.7		14.7		14.9
Europe / Middle East / Africa	236.6		203.4		141.1
Asia-Pacific	290.1		254.0		230.4
	$	912.1	$	864.2	$	804.4

Segment wise financial performance

The following tables provide segment financial information and a reconciliation of segment results to consolidated results:



	2018			2017			2016
Net sales to external customers:
Mobile Industries	$	1,903.7		$	1,640.0		$	1,446.4
Process Industries	1,677.1			1,363.8			1,223.4
	$	3,580.8		$	3,003.8		$	2,669.8
Segment EBIT:
Mobile Industries	$	198.7		$	139.0		$	116.8
Process Industries	333.8			222.3			168.2
Total EBIT, for reportable segments	$	532.5		$	361.3		$	285.0
Corporate expenses	(62.0		)	(49.1		)	(44.4		)
CDSOA income, net	—			—			59.6
Corporate pension-related charges ⁽¹⁾	(12.8		)	(18.1		)	(67.0		)
Interest expense	(51.7		)	(37.1		)	(33.5		)
Interest income	2.1			2.9			1.9
Income before income taxes	$	408.1		$	259.9		$	201.6

⁽¹⁾Corporate pension-related charges represent curtailments, professional fees associated with pension de-risking and actuarial (losses) and gains that resulted from the remeasurement of pension and other postretirement plan assets and obligations as a result of changes in assumptions.



	2018		2017
Assets employed at year-end:
Mobile Industries	$	1,984.5	$	1,775.7
Process Industries	2,211.3		1,383.1
Corporate ⁽²⁾	249.4		243.6
	$	4,445.2	$	3,402.4

⁽²⁾Corporate assets include corporate buildings and cash and cash equivalents.



	2018		2017		2016
Capital expenditures:
Mobile Industries	$	48.3	$	57.3	$	88.4
Process Industries	63.3		46.2		48.4
Corporate	1.0		1.2		0.7
	$	112.6	$	104.7	$	137.5
Depreciation and amortization:
Mobile Industries	$	71.3	$	70.0	$	64.9
Process Industries	73.5		66.6		65.6
Corporate	1.2		1.1		1.2
	$	146.0	$	137.7	$	131.7