Segment Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. Our four reportable segments are referred to as: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies.

Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global infrastructure industries such as oil & gas, mining, power generation, chemical and other process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts.

Motion Technologies manufactures brake pads, shock absorbers and damping technologies for the global automotive, truck, trailer and public bus and rail transportation markets.

Interconnect Solutions manufactures a wide range of highly specialized connector products that make it possible to transfer signal and power in various electronic devices that are utilized in the aerospace and defense, industrial and transportation, oil & gas markets, and medical markets.

Control Technologies manufactures specialized equipment, including actuation, valves, switches, vibration isolation, custom-energy absorption, and regulators for the aerospace and defense, and industrial markets.

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 asbestos and environmental liabilities, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. Assets of the segments exclude general corporate assets, which principally consist of cash, investments, asbestos-related receivables and certain property, plant and equipment.

	Revenue									Operating Income (Loss)									Operating Margin
	2013			2012			2011			2013			2012			2011			2013		2012		2011
Industrial Process	$	1,107.4		$	955.8		$	766.7		$	112.0		$	99.3		$	91.5		10.1	%	10.4	%	11.9	%
Motion Technologies	721.8			626.2			634.4			100.3			83.1			85.3			13.9	%	13.3	%	13.4	%
Interconnect Solutions	395.5			375.7			417.8			14.2			6.9			37.8			3.6	%	1.8	%	9.0	%
Control Technologies	278.2			277.1			285.5			55.3			58.3			55.2			19.9	%	21.0	%	19.3	%
Total segment results	2,502.9			2,234.8			2,104.4			281.8			247.6			269.8			11.3	%	11.1	%	12.8	%
Asbestos-related costs, net	—			—			—			(32.8		)	(50.9		)	(100.4		)	—		—		—
Transformation costs	—			—			—			(0.9		)	(8.7		)	(384.9		)	—		—		—
Eliminations / Other corporate costs	(6.0		)	(7.0		)	(18.8		)	(64.5		)	(36.5		)	(29.4		)	—		—		—
Total Eliminations / Corporate and Other costs	(6.0		)	(7.0		)	(18.8		)	(98.2		)	(96.1		)	(514.7		)	—		—		—
Total	$	2,496.9		$	2,227.8		$	2,085.6		$	183.6		$	151.5		$	(244.9	)	7.4	%	6.8	%	(11.7	)%

	Assets				Capital Expenditures						Depreciation and Amortization
	2013		2012		2013		2012		2011		2013		2012		2011
Industrial Process	$	1,132.7	$	1,044.8	$	63.0	$	35.0	$	25.3	$	31.0	$	17.3	$	13.0
Motion Technologies	466.2		405.6		31.7		27.1		33.3		29.6		27.8		27.3
Interconnect Solutions	364.6		362.6		15.6		11.2		16.6		10.6		10.0		9.7
Control Technologies	344.7		347.0		5.7		6.1		5.3		10.0		9.3		10.3
Corporate and Other	1,432.0		1,226.1		6.9		4.4		21.8		5.7		6.7		11.0
Total	$	3,740.2	$	3,386.1	$	122.9	$	83.8	$	102.3	$	86.9	$	71.1	$	71.3

	Revenue(a)
Geographic Information	2013		2012		2011
United States	$	896.2	$	869.3	$	779.6
Germany	266.7		200.5		229.8
Other developed markets	583.4		519.3		487.8
Other emerging growth markets	750.6		638.7		588.4
Total	$	2,496.9	$	2,227.8	$	2,085.6

(a) Revenue to external customers is attributed to individual regions based upon the destination of product or service delivery.

	Plant, Property & Equipment, Net
Geographic Information	2013		2012
United States	$	151.0	$	127.3
Italy	78.7		78.4
Germany	51.8		50.6
South Korea	40.5		19.1
China	31.3		20.5
Other developed markets	22.0		21.1
Other emerging growth markets	50.9		56.1
Total	$	426.2	$	373.1

The following table provides revenue by product category, net of intercompany balances.

	2013		2012		2011
Pumps and complementary products	$	1,010.8	$	879.0	$	692.3
Pump support and maintenance services	96.6		76.8		66.7
Friction products	619.6		517.6		524.1
Shock absorber equipment	102.0		107.0		110.3
Connectors equipment	394.9		375.4		412.7
CT Aerospace products	192.6		185.4		192.2
CT Industrial products	80.4		86.6		87.3
Total	$	2,496.9	$	2,227.8	$	2,085.6

During 2013 and 2012, a single customer accounted for 10.1% and 13.4% of consolidated ITT revenue, respectively. No individual customer accounted for more than 10% of consolidated ITT revenue during 2011.