XML 31 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3
Business Segment Information
 6 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information
The following tables reflect the sales and operating results of our reportable segments (in millions):
 
 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
 
2016
 
2015
 
2016
 
2015
Sales
 
 
 
 
 
 
 
Architecture & Software
$
629.5

 
$
674.3

 
$
1,272.4

 
$
1,382.1

Control Products & Solutions
810.8

 
876.5

 
1,594.5

 
1,743.1

Total
$
1,440.3

 
$
1,550.8

 
$
2,866.9

 
$
3,125.2

Segment operating earnings
 
 
 
 
 
 
 
Architecture & Software
$
154.6

 
$
200.8

 
$
330.8

 
$
422.2

Control Products & Solutions
122.9

 
133.4

 
242.6

 
258.8

Total
277.5

 
334.2

 
573.4

 
681.0

Purchase accounting depreciation and amortization
(4.5
)
 
(5.2
)
 
(9.2
)
 
(10.6
)
General corporate – net
(19.5
)
 
(21.4
)
 
(37.5
)
 
(44.2
)
Non-operating pension costs
(18.9
)
 
(15.4
)
 
(37.8
)
 
(31.6
)
Interest expense
(17.6
)
 
(15.7
)
 
(35.0
)
 
(30.6
)
Income before income taxes
$
217.0

 
$
276.5

 
$
453.9

 
$
564.0


Among other considerations, we evaluate performance and allocate resources based upon segment operating earnings before income taxes, interest expense, costs related to corporate offices, non-operating pension costs, certain nonrecurring corporate initiatives, gains and losses from the disposition of businesses and purchase accounting depreciation and amortization. Depending on the product, intersegment sales within a single legal entity are 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.