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INFORMATION ON REPORTABLE SEGMENTS, CORPORATE EXPENSE AND OTHER
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
INFORMATION ON REPORTABLE SEGMENTS, CORPORATE EXPENSE AND OTHER INFORMATION ON REPORTABLE SEGMENTS, CORPORATE EXPENSE AND OTHER
We innovate with customers to help feed and enhance the world by designing, delivering and servicing high value process solutions at the heart of growing and sustaining our diverse communities with operations in over 30 countries and sales in over 140 countries around the world. The Company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes performed across a wide variety of sanitary and industrial markets.
Prior to 2019, we aggregated our operating segments into three reportable segments. In connection with the expected closing of the Transaction in the first half of 2020 related to the substantial portion of our former Power and Energy reportable segment and its reclassification as a discontinued operation in 2019, we are no longer reporting the remaining business of Power and Energy as a separate reportable segment, as the operations and organizational structure of that remaining business (primarily the Bran+Luebbe product line as described in Note 4) have been absorbed into the Industrial reportable segment, and the operating results of the Industrial reportable segment (now including the Bran+Luebbe product line) are regularly reviewed by the Company’s chief operating decision maker. The results of that remaining business have been reclassified into the Industrial reportable segment in all periods presented.
Accordingly, we have two reportable segments: the Food and Beverage segment and the Industrial segment. In determining our reportable segments, we apply the threshold criteria of the Segment Reporting Topic of the Codification to operating income or loss of each segment before considering asset impairment charges, restructuring and other related charges, pension and postretirement service costs and other indirect corporate expenses (including corporate stock-based compensation). This is consistent with the way our chief operating decision maker evaluates the results of each segment.
Revenues by reportable segment and geographic area represent sales to unaffiliated customers, and no one customer or group of customers that, to our knowledge, are under common control accounted for more than 10% of our consolidated revenues for any period presented. Intercompany revenues among our reportable segments are not significant. Identifiable assets by reportable segment are those used in the respective operations of each.
Food and Beverage
The Food and Beverage reportable segment operates in a regulated, global industry with customers who demand highly engineered, process solutions. Key demand drivers include dairy consumption, emerging market capacity expansion, sustainability and productivity initiatives, customer product innovation and food safety. Key products for the segment include homogenizers, pumps, valves, separators and heat exchangers. We also design and assemble process systems that integrate many of these products for our customers. Key brands include APV, Gerstenberg Schroeder, Seital and Waukesha Cherry-Burrell.
Industrial
The Industrial reportable segment primarily serves customers in the chemical, air treatment, mining, pharmaceutical, marine, shipbuilding, infrastructure construction, general industrial and water treatment industries. Key demand drivers of this segment are tied to macroeconomic conditions and growth in the respective end markets we serve. Key products for the segment are air dryers, filtration equipment, mixers, pumps, hydraulic technologies and heat exchangers. Key brands include Airpel, APV, Bolting Systems, Bran+Luebbe, Deltech, Hankison, Jemaco, Johnson Pump, LIGHTNIN, Power Team and Stone.
Corporate Expense
Corporate expense generally relates to the cost of our Charlotte, NC corporate headquarters and our Asia Pacific center in Shanghai, China. Corporate expense also reflects stock-based compensation costs associated with corporate employees.
Financial data for our reportable segments as of or for the years ended December 31, 2019, 2018 and 2017 were as follows:
As of or for the Year Ended December 31,
201920182017
Revenues:
Food and Beverage$702.9  $743.9  $715.9  
Industrial803.7  850.0  767.3  
Total revenues$1,506.6  $1,593.9  $1,483.2  
Income:
Food and Beverage$90.5  $87.7  $74.9  
Industrial110.5  103.5  89.0  
Total income for reportable segments$201.0  $191.2  $163.9  
Corporate expense(1)
63.9  55.5  66.0  
Pension and postretirement service costs0.9  1.7  1.2  
Asset impairment charges11.2  14.4  4.9  
Restructuring and other related charges9.3  7.6  12.9  
Consolidated operating income$115.7  $112.0  $78.9  
Capital expenditures:
Food and Beverage$5.2  $7.4  $5.8  
Industrial9.2  8.8  5.3  
Other(2)
14.1  3.0  5.1  
Total capital expenditures$28.5  $19.2  $16.2  
Depreciation and amortization:
Food and Beverage$14.4  $16.1  $17.0  
Industrial15.5  16.9  17.1  
Other(2)
8.4  8.7  9.6  
Total depreciation and amortization$38.3  $41.7  $43.7  
Identifiable assets:
Food and Beverage$895.5  $889.2  $924.3  
Industrial781.3  787.5  832.3  
Other(3)
296.6  218.3  206.8  
Total identifiable assets$1,973.4  $1,895.0  $1,963.4  
Geographic areas:
Revenues(4):
United States$544.9  $531.2  $503.6  
China166.3  150.8  125.7  
Germany84.1  94.1  96.2  
United Kingdom132.7  91.2  92.5  
Denmark90.3  89.5  98.0  
France37.5  56.8  76.7  
Other450.8  580.3  490.5  
Total revenues$1,506.6  $1,593.9  $1,483.2  
Long-lived assets:
United States$238.0  $219.6  $229.6  
Other172.3  142.8  149.7  
Total long-lived assets$410.3  $362.4  $379.3  
(1)Includes $7.1, $7.5 and $9.4 for the years ended December 21, 2019, 2018 and 2017, respectively, related to costs for certain centralized functions/services provided and/or administered by SPX FLOW that were previously charged to business units of which the related financial results of operations have been reclassified to discontinued operations. These centralized functions/services included, but were not limited to, information technology, shared services for accounting, payroll services, supply chain, and manufacturing and process improvement operations/
services. These costs generally represent the costs of employees who provided such centralized functions/services to the business units reclassified as discontinued operations but who are expected to remain employees of SPX FLOW upon the expected disposition of the discontinued operations.
(2)Relates to corporate PP&E or PP&E that is utilized by both of our reportable segments along with related depreciation expense. Depreciation reflects the cost of our Charlotte, NC corporate headquarters, among other corporate PP&E.
(3)Relates primarily to assets (e.g., cash and PP&E) of various corporate subsidiaries.
(4)Revenues are included in the above geographic areas based on the country that recorded the customer revenue.