Segment Information

12 Months Ended

Dec. 31, 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 chemical, oil and gas, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts.

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

Interconnect Solutions manufactures and designs a wide range of highly engineered harsh environment connector solutions that make it possible to transfer signal and power between electronic devices which service global customers for the aerospace and defense, industrial and transportation, oil and gas, and medical markets.

Control Technologies manufactures specialized equipment, including actuation, valves, and noise and energy absorption components 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
	2014			2013			2012			2014			2013			2012			2014		2013		2012
Industrial Process	$	1,208.3		$	1,107.4		$	955.8		$	123.9		$	112.0		$	99.3		10.3	%	10.1	%	10.4	%
Motion Technologies	769.4			721.8			626.2			130.9			100.3			83.1			17.0	%	13.9	%	13.3	%
Interconnect Solutions	392.8			395.5			375.7			22.2			14.2			6.9			5.7	%	3.6	%	1.8	%
Control Technologies	290.5			278.2			277.1			63.5			55.3			58.3			21.9	%	19.9	%	21.0	%
Total segment results	2,661.0			2,502.9			2,234.8			340.5			281.8			247.6			12.8	%	11.3	%	11.1	%
Asbestos-related costs, net	—			—			—			(3.9		)	(32.8		)	(50.9		)	—		—		—
Eliminations / Other corporate costs	(6.4		)	(6.0		)	(7.0		)	(70.2		)	(65.4		)	(45.2		)	—		—		—
Total Eliminations / Corporate and Other costs	(6.4		)	(6.0		)	(7.0		)	(74.1		)	(98.2		)	(96.1		)	—		—		—
Total	$	2,654.6		$	2,496.9		$	2,227.8		$	266.4		$	183.6		$	151.5		10.0	%	7.4	%	6.8	%

	Assets				Capital Expenditures						Depreciation and Amortization
	2014		2013		2014		2013		2012		2014		2013		2012
Industrial Process	$	1,152.3	$	1,132.7	$	40.4	$	63.0	$	35.0	$	29.1	$	31.0	$	17.3
Motion Technologies	450.1		466.2		49.2		31.7		27.1		30.3		29.6		27.8
Interconnect Solutions	365.4		364.6		20.2		15.6		11.2		12.8		10.6		10.0
Control Technologies	334.1		344.7		3.8		5.7		6.1		10.0		10.0		9.3
Corporate and Other	1,329.6		1,432.0		5.2		6.9		4.4		6.1		5.7		6.7
Total	$	3,631.5	$	3,740.2	$	118.8	$	122.9	$	83.8	$	88.3	$	86.9	$	71.1

	Revenue(a)
Geographic Information	2014		2013		2012
United States	$	927.0	$	896.2	$	869.3
Germany	303.3		266.7		200.5
Other developed markets	588.3		583.4		519.3
Other emerging growth markets	836.0		750.6		638.7
Total	$	2,654.6	$	2,496.9	$	2,227.8

(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	2014		2013
United States	$	169.4	$	151.0
Italy	89.3		78.7
Germany	44.9		51.8
South Korea	37.1		40.5
China	36.1		31.3
Other developed markets	20.9		22.0
Other emerging growth markets	46.2		50.9
Total	$	443.9	$	426.2

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

	2014		2013		2012
Pumps and complementary products	$	1,112.3	$	1,010.8	$	879.0
Pump support and maintenance services	96.0		96.6		76.8
Friction products	647.9		619.6		517.6
Shock absorber equipment	121.3		102.0		107.0
Connectors equipment	392.3		394.9		375.4
CT Aerospace products	199.5		192.6		185.4
CT Industrial products	85.3		80.4		86.6
Total	$	2,654.6	$	2,496.9	$	2,227.8

During 2014, 2013, and 2012, a single customer accounted for 9.2%, 10.1%, and 13.4% of consolidated ITT revenue, respectively.