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Business Segments (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Revenue and Segment Operating Profit
(In millions)
2017
 
2016
 
2015
 
Revenue
 
 
 
 
 
 
JBT FoodTech
$
1,171.9

 
$
928.0

 
$
725.1

 
JBT AeroTech
463.0

 
422.5

 
383.1

 
Intercompany eliminations
0.2

 

 
(0.9
)
 
Total revenue
$
1,635.1

 
$
1,350.5

 
$
1,107.3

 
 
 
 
 
 
 
 
Income before income taxes
 
 
 
 
 
 
Segment operating profit:
 
 
 
 
 
 
JBT FoodTech
$
139.1

 
$
113.2

 
$
85.4

 
JBT AeroTech
50.7

 
45.1

 
38.2

 
Total segment operating profit
189.8

 
158.3

 
123.6

 
Corporate items:
 
 
 
 
 
 
Corporate expense(1)
42.3

 
42.6

 
34.6

 
Restructuring expense(2)
1.7

 
12.3

 

 
Net interest expense
13.6

 
9.4

 
6.8

 
Total corporate items
57.6

 
64.3

 
41.4

 
Income from continuing operations before income taxes
132.2

 
94.0

 
82.2

 
Provision for income taxes
50.1

 
26.0

 
26.2

 
Income from continuing operations
82.1

 
68.0

 
56.0

 
Loss from discontinued operations, net of income taxes
1.6

 
0.4

 
0.1

 
Net income
$
80.5

 
$
67.6

 
$
55.9

 


(1)
Corporate expense generally includes corporate staff-related expense, stock-based compensation, pension and other post-retirement benefits expenses not related to service, LIFO adjustments, certain foreign currency-related gains and losses, and the impact of unusual or strategic transactions not representative of segment operations.

(2)
Refer to Note 17. Restructuring for further information on restructuring expense.
Schedule of Segment Operating Capital Employed and Segment Assets
Segment operating capital employed and segment assets

(In millions)
2017
 
2016
 
2015
 
Segment operating capital employed(1):
 
 
 
 
 
 
JBT FoodTech
$
802.2

 
$
654.2

 
$
414.7

 
JBT AeroTech
157.5

 
125.9

 
114.1

 
Total segment operating capital employed
959.7

 
780.1

 
528.8

 
Segment liabilities included in total segment operating capital employed(2)
405.6

 
365.2

 
322.6

 
Corporate(3)
26.1

 
42.1

 
24.7

 
Total assets
$
1,391.4

 
$
1,187.4

 
$
876.1

 
 
 
 
 
 
 
 
Segment assets:
 
 
 
 
 
 
JBT FoodTech
$
1,134.7

 
$
950.5

 
$
663.1

 
JBT AeroTech
230.6

 
194.8

 
188.9

 
Intercompany eliminations

 

 
(0.6
)
 
Total segment assets
1,365.3

 
1,145.3

 
851.4

 
Corporate(3)
26.1

 
42.1

 
24.7

 
Total assets
$
1,391.4

 
$
1,187.4

 
$
876.1

 


(1)
Management views segment operating capital employed, which consists of segment assets, net of its liabilities, as the primary measure of segment capital. Segment operating capital employed excludes debt, pension liabilities, restructuring reserves, income taxes and LIFO inventory reserves.
(2)
Segment liabilities included in total segment operating capital employed consist of trade and other accounts payable, advance and progress payments, accrued payroll and other liabilities.
(3)
Corporate includes cash, LIFO inventory reserves, income tax balances, investments, and property, plant and equipment not associated with a specific segment.
Schedule of Geographic Segment Sales
(In millions)
2017
 
2016
 
2015
 
Revenue (by location of customers):
 
 
 
 
 
 
United States
$
967.1

 
$
807.7

 
$
600.9

 
All other countries
668.0

 
542.8

 
506.4

 
Total revenue
$
1,635.1

 
$
1,350.5

 
$
1,107.3

 
Schedule of Geographic Segment Long-lived Assets
(In millions)
2017
 
2016
 
2015
 
Long-lived assets:
 
 
 
 
 
 
United States
$
161.6

 
$
154.1

 
$
132.7

 
Brazil
13.9

 
12.6

 
9.5

 
All other countries
75.7

 
57.8

 
49.1

 
Total long-lived assets
$
251.2

 
$
224.5

 
$
191.3

 
Schedule of Other Business Segment Information
Other business segment information

 
Capital Expenditures
 
Depreciation and Amortization
 
Research and Development
Expense
 
(In millions)
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
 
JBT FoodTech
$
34.6

 
$
30.7

 
$
31.9

 
$
46.8

 
$
34.6

 
$
25.5

 
$
21.8

 
$
18.0

 
$
13.5

 
JBT AeroTech
2.6

 
3.9

 
3.5

 
2.5

 
2.2

 
2.0

 
6.9

 
5.6

 
4.7

 
Corporate
0.7

 
2.5

 
2.3

 
2.4

 
1.7

 
2.1

 

 

 

 
Total
$
37.9

 
$
37.1

 
$
37.7

 
$
51.7

 
$
38.5

 
$
29.6

 
$
28.7

 
$
23.6

 
$
18.2