Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables (dollars shown in millions) set forth information about the Company’s operations by its reportable business segments and by geographic area.

Operations by Reportable Business Segment

	Industrial		Aerospace		Other		Total Company
Sales
2014	$	822.1	$	440.0	$	—	$	1,262.0
2013	687.6		404.0		—		1,091.6
2012	538.3		390.5		—		928.8
Operating profit
2014	$	108.4	$	71.6	$	—	$	180.0
2013	71.9		51.3		—		123.2
2012	49.3		57.9		—		107.1
Assets
2014	$	1,282.0	$	655.0	$	136.9	$	2,073.9
2013	1,410.4		567.1		146.2		2,123.7
2012	907.1		533.5		428.0		1,868.6
Depreciation and amortization
2014	$	54.7	$	24.9	$	1.8	$	81.4
2013	38.4		23.2		3.5		65.1
2012	24.4		21.2		11.8		57.4
Capital expenditures
2014	$	36.1	$	20.9	$	0.4	$	57.4
2013	31.3		23.8		2.2		57.3
2012	24.3		8.6		4.9		37.8

_________________________

Notes:

One customer, General Electric, accounted for 19%, 21% and 23% of the Company’s total revenues in 2014, 2013 and 2012, respectively.

“Other” assets include corporate-controlled assets, the majority of which are cash and deferred tax assets. "Other" assets as of December 31, 2012 also include the assets of BDNA, which was sold on April 22, 2013. "Other" Depreciation and Amortization and "Other" Capital Expenditures in 2012 also relate to transactions that occurred at BDNA, prior to its sale. See Note 2.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of the total reportable segments’ operating profit to income from continuing operations before income taxes follows:

	2014		2013		2012
Operating profit	$	180.0	$	123.2	$	107.1
Interest expense	11.4		13.1		12.2
Other expense (income), net	2.1		2.5		2.6
Income from continuing operations before income taxes	$	166.5	$	107.6	$	92.3

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Operations by Geographic Area

	Domestic		International		Other			Total Company
Sales
2014	$	618.9	$	677.6	$	(34.5	)	$	1,262.0
2013	593.3		524.1		(25.9		)	1,091.6
2012	529.9		421.7		(22.8		)	928.8
Long-lived assets
2014	$	380.6	$	1,094.9	$	—		$	1,475.4
2013	330.2		1,214.0		—			1,544.2
2012	372.0		848.1		—			1,220.1

_________________________

Notes:

Germany, with sales of $249.9 million and $140.8 million in 2014 and 2013, respectively, represents the only international country with revenues in excess of 10% of the Company's total revenues. International sales derived from any one country did not exceed 10% of the Company's total revenues for 2012.

“Other” revenues represent the elimination of intercompany sales between geographic locations, of which approximately 78% were sales from international locations to domestic locations.

Long-lived assets located in any one international country that exceeded 10% of the Company’s total long-lived assets as of December 31, 2014 included $220.7 million of intangible assets related to the RSPs recorded in Singapore at the aftermarket division of the Aerospace segment, $151.7 million primarily related to goodwill and intangible assets at the Synventive China division of the Industrial segment, $410.0 million primarily related to goodwill, property, plant and equipment and intangible assets at the Synventive Germany and Männer Germany divisions of the Industrial segment and $165.7 million primarily related to goodwill and property, plant and equipment at the Hänggi division of the Industrial segment located in Switzerland.