XML 79 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2014
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, 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
 
Operating Margin
Three Months Ended June 30
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Industrial Process
$
289.4

 
$
268.7

 
$
25.4

 
$
28.1

 
8.8
%
 
10.5
%
Motion Technologies
198.0

 
171.4

 
34.7

 
23.3

 
17.5
%
 
13.6
%
Interconnect Solutions
103.7

 
100.3

 
12.3

 
6.7

 
11.9
%
 
6.7
%
Control Technologies
73.7

 
70.2

 
16.2

 
15.4

 
22.0
%
 
21.9
%
Total segment results
664.8

 
610.6

 
88.6

 
73.5

 
13.4
%
 
12.1
%
Asbestos-related costs, net

 

 
(15.9
)
 
(15.9
)
 

 

Eliminations / Other corporate costs
(1.8
)
 
(1.4
)
 
(18.2
)
 
(16.2
)
 

 

Total Eliminations / Corporate and Other costs
(1.8
)
 
(1.4
)
 
(34.1
)
 
(32.1
)
 

 

Total
$
663.0

 
$
609.2

 
$
54.5

 
$
41.4

 
8.2
%
 
6.8
%

 
Revenue
 
Operating Income
 
Operating Margin
Six Months Ended June 30
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Industrial Process
$
574.9

 
$
525.5

 
$
49.7

 
$
50.6

 
8.6
%
 
9.6
%
Motion Technologies
415.8

 
364.6

 
74.9

 
56.3

 
18.0
%
 
15.4
%
Interconnect Solutions
203.7

 
191.1

 
9.3

 
5.4

 
4.6
%
 
2.8
%
Control Technologies
146.6

 
138.8

 
31.7

 
29.8

 
21.6
%
 
21.5
%
Total segment results
1,341.0

 
1,220.0

 
165.6

 
142.1

 
12.4
%
 
11.7
%
Asbestos-related costs, net

 

 
(31.7
)
 
(31.9
)
 

 

Eliminations / Other corporate costs
(3.5
)
 
(2.6
)
 
(31.1
)
 
(31.6
)
 

 

Total Eliminations / Corporate and Other costs
(3.5
)
 
(2.6
)
 
(62.8
)
 
(63.5
)
 

 

Total
$
1,337.5

 
$
1,217.4

 
$
102.8

 
$
78.6

 
7.7
%
 
6.5
%
 
Total Assets
 
Capital
Expenditures
 
Depreciation &
Amortization
Six Months Ended June 30
2014
 
2013(a)
 
2014
 
2013
 
2014
 
2013
Industrial Process
$
1,169.8

 
$
1,132.7

 
$
17.0

 
$
19.8

 
$
14.5

 
$
17.4

Motion Technologies
502.1

 
466.2

 
20.7

 
7.5

 
14.6

 
14.5

Interconnect Solutions
377.3

 
364.6

 
3.7

 
4.3

 
5.1

 
4.9

Control Technologies
344.8

 
344.7

 
1.0

 
1.6

 
5.0

 
4.8

Corporate and Other
1,418.5

 
1,432.0

 
3.3

 
3.6

 
3.0

 
3.0

Total
$
3,812.5

 
$
3,740.2

 
$
45.7

 
$
36.8

 
$
42.2

 
$
44.6


(a)
Amounts reflect balances as of December 31, 2013.