Segment Information

3 Months Ended

Mar. 31, 2014

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 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 and heat exchangers. 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 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 2013 Annual Report). The following tables contain financial information for each reportable segment.

	Three Months Ended
	March 31,
(in millions)	2014			2013
Revenue:
Water Infrastructure	$	568		$	551
Applied Water	355			345
Eliminations	(17		)	(17		)
Total	$	906		$	879
Operating Income:
Water Infrastructure	$	46		$	42
Applied Water	41			40
Corporate and other	(11		)	(16		)
Total	$	76		$	66
Depreciation and Amortization:
Water Infrastructure	$	27		$	28
Applied Water	7			8
Corporate and other	2			1
Total	$	36		$	37
Capital Expenditures:
Water Infrastructure	$	14		$	18
Applied Water	8			11
Corporate and other	3			1
Total	$	25		$	30

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

	Total Assets
(in millions)	March 31, 2014		December 31, 2013
Water Infrastructure	$	2,986	$	2,989
Applied Water	1,379		1,340
Corporate and other (a)	522		567
Total	$	4,887	$	4,896

(a) 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.