XML 46 R18.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Segment Information
9 Months Ended
Jun. 30, 2011
Segment Information [Abstract]  
Segment Information
13. Segment Information
The following tables reflect the sales and operating results of our reportable segments (in millions):
                                 
    Three Months Ended     Nine Months Ended  
    June 30,     June 30,  
    2011     2010     2011     2010  
Sales
                               
Architecture & Software
  $ 672.9     $ 553.9     $ 1,911.0     $ 1,539.1  
Control Products & Solutions
    843.3       714.2       2,435.1       1,961.0  
 
                       
Total
  $ 1,516.2     $ 1,268.1     $ 4,346.1     $ 3,500.1  
 
                       
 
                               
Segment operating earnings
                               
Architecture & Software
  $ 175.9     $ 125.4     $ 481.2     $ 347.0  
Control Products & Solutions
    87.4       72.6       248.3       165.1  
 
                       
Total
    263.3       198.0       729.5       512.1  
Purchase accounting depreciation and amortization
    (5.1 )     (4.6 )     (14.6 )     (14.2 )
General corporate — net
    (22.3 )     (23.1 )     (58.5 )     (66.2 )
Interest expense
    (14.7 )     (14.8 )     (44.9 )     (45.3 )
Income tax provision
    (42.4 )     (36.1 )     (116.2 )     (77.3 )
 
                       
 
                               
Income from continuing operations
  $ 178.8     $ 119.4     $ 495.3     $ 309.1  
 
                       
Among other considerations, we evaluate performance and allocate resources based upon segment operating earnings before income taxes, interest expense, costs related to corporate offices, certain nonrecurring corporate initiatives, gains and losses from the disposition of businesses and incremental acquisition related expenses resulting from purchase accounting adjustments such as intangible asset amortization, depreciation, inventory and purchased research and development charges. Depending on the product, intersegment sales that are within a single legal entity are recorded either at cost or cost plus a mark-up, which does not necessarily represent a market price. Sales between legal entities are at an appropriate transfer price. We allocate costs related to shared segment operating activities to the segments using a methodology consistent with the expected benefit.
In the United States and Canada, we sell our products primarily through independent distributors. We sell large systems and service offerings principally through a direct sales force, though opportunities are sometimes identified through distributors. Outside the United States and Canada, we sell products through a combination of direct sales and sales through distributors. Sales to our largest distributor in the three and nine months ended June 30, 2011 and 2010, were approximately 10 percent of our total sales.