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Business Segment Information
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Business Segment Information
BUSINESS SEGMENT INFORMATION

Operating segments for the Company are determined based on information used by the chief operating decision maker (CODM) in deciding how to evaluate performance and allocate resources to each of the segments. JBT’s CODM is the Chief Executive Officer (CEO). While there are many measures the CEO reviews in this capacity, the key segment measures reviewed include operating profit, operating profit margin, and EBITDA.

Segment operating profit is defined as total segment revenue less segment operating expenses. Business segment information was as follows:
 
Three Months Ended
March 31,
(In millions)
2018
 
2017
Revenue:
 
 
 
JBT FoodTech
$
303.6

 
$
241.6

JBT AeroTech
105.6

 
102.9

Total revenue
$
409.2

 
$
344.5

 
 
 
 
Income before income taxes
 
 
 
Segment operating profit:
 
 
 
JBT FoodTech
$
21.5

 
$
20.5

JBT AeroTech
7.9

 
9.6

Total segment operating profit
29.4

 
30.1

Corporate items:
 
 
 
Corporate expense(1)
(10.8
)
 
(9.5
)
Restructuring expense(2)
(12.7
)
 
(0.4
)
Operating income
5.9

 
20.2

 
 
 
 
Other (expense) income, net (3)
(0.2
)
 
0.3

Net interest expense
(3.7
)
 
(3.4
)
Income from continuing operations before income taxes
$
2.0

 
$
17.1


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

(2)
Refer to Note 13. Restructuring for further information on restructuring expense.

(3)
Other (expense) income, net represents other components of net benefit costs other than service costs required to be presented outside of income from operations.