Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Segment Reporting Information, by Segment

The following table (in millions) sets forth summarized financial information by reportable business segment:



	Industrial		Aerospace		Other		Total Company
Sales
2017	$	973.9	$	462.6	$	—	$	1,436.5
2016	824.2		406.5		—		1,230.8
2015	782.3		411.7		—		1,194.0
Operating profit
2017	$	127.1	$	83.2	$	—	$	210.3
2016	129.7		62.5		—		192.2
2015	103.0		65.4		—		168.4
Assets
2017	$	1,505.4	$	667.1	$	193.3	$	2,365.7
2016	1,356.1		647.8		133.7		2,137.5
2015	1,241.2		654.1		166.5		2,061.9
Depreciation and amortization
2017	$	54.8	$	33.6	$	1.7	$	90.2
2016	49.5		30.0		0.7		80.2
2015	46.0		30.8		1.3		78.2
Capital expenditures
2017	$	31.0	$	27.5	$	0.2	$	58.7
2016	25.9		21.1		0.5		47.6
2015	28.7		17.2		0.1		46.0

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Notes:

One customer, General Electric, accounted for 18%, 17% and 18% of the Company’s total revenues in 2017, 2016 and 2015, respectively.

“Other” assets include corporate-controlled assets, the majority of which are cash and deferred tax assets.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of the total reportable segments’ operating profit to income before income taxes follows (in millions):



	2017		2016			2015
Operating profit	$	210.3	$	192.2		$	168.4
Interest expense	14.6		11.9			10.7
Other expense (income), net	—		(2.3		)	(0.2		)
Income before income taxes	$	195.7	$	182.6		$	157.9

Revenue from External Customers by Products and Services

The following table (in millions) summarizes total net sales of the Company by products and services:



	2017		2016		2015
Engineered Components Products	$	347.9	$	332.6	$	342.2
Molding Solutions Products	487.3		376.6		324.6
Nitrogen Gas Products	138.7		115.0		115.5
Aerospace Original Equipment Manufacturer Products	323.4		288.4		295.7
Aerospace Aftermarket Products and Services	139.2		118.2		116.0
Total net sales	$	1,436.5	$	1,230.8	$	1,194.0

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

The following table (in millions) summarizes total net sales and long-lived assets of the Company by geographic area:



	Domestic		International		Other			Total Company
Sales
2017	$	638.6	$	868.3	$	(70.4	)	$	1,436.5
2016	562.6		727.4		(59.2		)	1,230.8
2015	589.6		661.7		(57.3		)	1,194.0
Long-lived assets
2017	$	366.7	$	1,218.1	$	—		$	1,584.8
2016	368.2		1,135.5		—			1,503.6
2015	379.2		1,069.9		—			1,449.1

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Notes:

Germany, with sales of $301.7 million, $238.3 million and $210.5 million in 2017, 2016 and 2015, respectively, represents the only international country with revenues in excess of 10% of the Company's total revenues.

“Other” revenues represent the elimination of intercompany sales between geographic locations, of which approximately 78%, 82% and 82% were sales from international locations to domestic locations in 2017, 2016 and 2015, respectively.

Germany, with long-lived assets of $514.0 million, $449.9 million and $362.7 million as of December 31, 2017, 2016 and 2015, respectively, Singapore, with long-lived assets of $237.6 million, $238.3 million and $246.4 million as of December 31, 2017, 2016 and 2015, respectively and Switzerland, with long-lived assets of $160.0 million, $169.3 million and $167.0 million as of December 31, 2017, 2016 and 2015, respectively, represent the only international countries with long-lived assets that exceeded 10% of the Company's total long-lived assets in those years.