XML 54 R56.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Segment Information Tables [Abstract]

The following table shows segment revenues and operating income for the twelve months ended December 31, 2012, December 31, 2011 and December 31, 2010:

		Twelve Months		Twelve Months			Twelve Months
		Ended		Ended			Ended
		December 31,		December 31,			December 31,
		2012		2011			2010

Segment Revenues
	Fuselage Systems ⁽¹⁾	$	2,590.6	$	2,425.0		$	2,035.1
	Propulsion Systems		1,420.9		1,221.5			1,061.8
	Wing Systems ⁽¹⁾		1,375.1		1,207.8			1,067.4
	All Other		11.1		9.5			8.1
		$	5,397.7	$	4,863.8		$	4,172.4
Segment Operating Income
	Fuselage Systems ^{(1) (2)}	$	387.2	$	318.5		$	292.3
	Propulsion Systems ⁽³⁾		64.7		194.1			137.5
	Wing Systems ^{(1) (4)}		(339.1)		0.5			101.0
	All Other		1.0		1.3			(1.8)
			113.8		514.4			529.0
Unallocated corporate SG&A			(155.3)		(145.5)			(139.7)
Unallocated impact of severe weather event ⁽⁵⁾			146.2		-	0.0		-
Unallocated research and development			(4.4)		(1.9)			(3.6)
Unallocated cost of sales⁽⁶⁾			(8.0)		(10.9)			(28.7)
	Total operating income	$	92.3	$	356.1		$	357.0

For 2011, includes recognition of deferred revenue, non-recurring revenue on B787-9 DMI, and pricing adjustments on prior and current-year deliveries all associated with the B787 Amendment, which was finalized in May 2011.
For 2012, includes a forward loss charge in 2012 of $6.4 for the B747-8 program. For 2011, includes a $29.0 forward loss charge recorded for the Sikorsky CH-53K helicopter program and a $12.6 forward loss charge for the B747-8 program. Also includes for 2012 cumulative catch-up adjustments for periods prior to 2012 of $(2.4).
For 2012, includes forward loss charges of $151.0 recorded on our Rolls-Royce program and $8.0 on our B767 program and cumulative catch-up adjustments for periods prior to 2012 of $7.3.
For 2012, includes forward loss charges recorded of $184.0 for the B787 wing program, $162.5 for the G650 wing program, $118.8 for the G280 wing program, $8.9 for the A350 XWB non-recurring wing contract, and $5.1 for the B747-8 wing program. For 2012, also includes cumulative catch-up adjustments for periods prior to 2012 of $9.8. For 2011, includes a $81.8 forward loss charge recorded for the G280 wing program, a $5.7 forward loss charge for the B747-8 program and a $3.0 forward loss on the A350 XWB non-recurring wing contract.
For 2012, gain includes a $234.9 insurance settlement amount, offset by $88.7 of costs incurred related to the April 14, 2012 severe weather event. Costs include assets impaired by the storm, clean-up costs, repair costs and incremental labor, freight and warehousing costs associated with the impacts of the storm. Certain costs are likely to continue into 2013 until repairs are completed on our Wichita facilities.
Includes charges in the second quarter of 2012 of $3.6 related to asset impairments, $2.2 related to stock incentives for certain UAW-represented employees and $2.1 in early retirement incentives to eligible employees and charges in the second quarter of 2011 of $9.0 due to a change in estimate to increase warranty and extraordinary rework reserves and $1.9 in early retirement incentives elected by eligible UAW-represented employees.

Segments, Geographical Areas [Abstract]

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

The following chart illustrates the split between domestic and foreign revenues:

	Year Ended				Year Ended				Year Ended
	December 31, 2012				December 31, 2011				December 31, 2010
Revenue Source⁽¹⁾	Net Revenues		Percent of Total Net Revenues		Net Revenues		Percent of Total Net Revenues		Net Revenues		Percent of Total Net Revenues
United States	$	4,612.0		85%	$	4,210.7		87%	$	3,674.0		88%
International
United Kingdom		470.4		9		422.6		8		400.4		10
Other		315.3		6		230.5		5		98.0		2
Total International		785.7		15		653.1		13		498.4		12
Total Revenues	$	5,397.7		100%	$	4,863.8		100%	$	4,172.4		100%

Net Revenues are attributable to countries based on destination where goods are delivered.

Most of the Company's long-lived assets are located within the United States. Approximately 6% of our long-lived assets based on book value are located in the United Kingdom as part of Spirit Europe with approximately another 5% of our total long-lived assets located in countries outside the United States and the United Kingdom. The following chart illustrates the split between domestic and foreign assets:

	Year Ended				Year Ended
	December 31, 2012				December 31, 2011
Asset Location	Total Long-Lived Assets		Percent of Total Long-Lived Assets		Total Long-Lived Assets		Percent of Total Long-Lived Assets
United States	$	1,506.9		89%	$	1,433.9		89%
International
United Kingdom		101.1		6		95.8		6
Other		90.5		5		86.0		5
Total International		191.6		11		181.8		11
Total Long-Lived Assets	$	1,698.5		100%	$	1,615.7		100%

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References+ Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details