Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

Our business is organized into two segments: Water Infrastructure and Applied Water. The Water Infrastructure segment, comprising our Water Solutions (f/k/a Water & Wastewater) and Analytics operating units, focuses on the transportation, treatment and testing of water, offering a range of products including water and wastewater pumps, treatment and testing equipment, and controls and systems. The Applied Water segment, comprising our Residential & Commercial Water and Flow Control operating units, encompasses the uses of water and focuses on the residential, commercial, industrial and agricultural markets offering a wide range of products including pumps, valves, heat exchangers, controls and dispensing equipment. Corporate and other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, such as the Spin-off and environmental matters that are managed at a corporate level and are not included in the business segments in evaluating performance or allocating resources.

The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1 in the 2011 Annual Report). The following tables contain financial information for each reportable segment.

	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions)	2012			2011			2012			2011
Revenue:
Water Infrastructure	$	595		$	584		$	1,788		$	1,737
Applied Water	350			368			1,078			1,108
Eliminations	(14		)	(13		)	(44		)	(45		)
Total	$	931		$	939		$	2,822		$	2,800
Operating Income:
Water Infrastructure	$	85		$	87		$	253		$	245
Applied Water	43			37			135			133
Corporate and other	(17		)	(45		)	(49		)	(82		)
Total	$	111		$	79		$	339		$	296
Depreciation and Amortization:
Water Infrastructure	$	27		$	27		$	77		$	80
Applied Water	7			8			21			23
Corporate and other	2			1			5			1
Total	$	36		$	36		$	103		$	104
Capital Expenditures:
Water Infrastructure	$	18		$	19		$	59		$	60
Applied Water	6			6			19			16
Corporate and other	—			1			3			3
Total	$	24		$	26		$	81		$	79

The following table contains the total assets for each reportable segment.

	Total Assets
(in millions)	September 30, 2012		December 31, 2011
Water Infrastructure	$	2,831	$	2,745
Applied Water	1,280		1,234
Corporate and other	485		414
Total	$	4,596	$	4,393

Corporate and other consists of items pertaining to our corporate headquarters function, which principally consist of cash, deferred tax assets, pension assets and certain property, plant and equipment.