Segment Information

12 Months Ended

Dec. 31, 2016

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 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 and specialized sealing solutions, shock absorbers and damping technologies primarily 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 fuel management, actuation, noise and energy absorption, and environmental control system 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, deferred taxes, and certain property, plant and equipment.

	Revenue									Operating Income (Loss)									Operating Margin
	2016			2015			2014			2016			2015			2014			2016		2015		2014
Industrial Process	$	830.1		$	1,113.8		$	1,208.3		$	33.5		$	141.2		$	123.9		4.0	%	12.7	%	10.3	%
Motion Technologies	983.4			767.2			769.4			171.4			126.4			130.9			17.4	%	16.5	%	17.0	%
Interconnect Solutions	309.6			328.1			392.8			19.1			12.2			22.2			6.2	%	3.7	%	5.7	%
Control Technologies	287.0			281.2			290.5			46.1			42.4			63.5			16.1	%	15.1	%	21.9	%
Total segment results	2,410.1			2,490.3			2,661.0			270.1			322.2			340.5			11.2	%	13.0	%	12.8	%
Asbestos-related benefit (costs), net	—			—			—			25.6			91.4			(3.9		)	—		—		—
Eliminations / Other corporate costs	(4.7		)	(4.7		)	(6.4		)	(36.8		)	(33.5		)	(70.2		)	—		—		—
Total Eliminations / Corporate and Other costs	(4.7		)	(4.7		)	(6.4		)	(11.2		)	57.9			(74.1		)	—		—		—
Total	$	2,405.4		$	2,485.6		$	2,654.6		$	258.9		$	380.1		$	266.4		10.8	%	15.3	%	10.0	%

	Assets				Capital Expenditures						Depreciation and Amortization
	2016		2015		2016		2015		2014		2016		2015		2014
Industrial Process	$	998.1	$	1,097.5	$	24.4	$	20.4	$	40.4	$	27.9	$	27.9	$	29.1
Motion Technologies	838.4		779.8		73.5		39.3		49.2		43.2		32.4		30.3
Interconnect Solutions	306.7		303.2		5.2		17.6		20.2		12.0		10.8		12.8
Control Technologies	371.7		370.6		6.5		6.1		3.8		12.3		12.6		10.0
Corporate and Other	1,086.8		1,172.5		1.8		3.3		5.2		6.6		6.3		6.1
Total	$	3,601.7	$	3,723.6	$	111.4	$	86.7	$	118.8	$	102.0	$	90.0	$	88.3

	Revenue(a)
Geographic Information	2016		2015		2014
United States	$	900.3	$	941.1	$	927.0
Germany	324.4		290.7		303.3
Other developed markets	459.6		476.8		588.3
Other emerging markets	721.1		777.0		836.0
Total	$	2,405.4	$	2,485.6	$	2,654.6

(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	2016		2015
United States	$	181.6	$	192.0
Italy	81.0		81.6
China	40.2		37.2
Germany	38.5		36.8
South Korea	28.0		32.6
Other developed markets	36.0		22.2
Other emerging markets	59.2		41.1
Total	$	464.5	$	443.5

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

	2016		2015		2014
Pumps and complementary products	$	745.1	$	1,025.9	$	1,112.3
Pump support and maintenance services	84.7		87.8		96.0
Brake component products	873.4		656.7		647.9
Shock absorber equipment	109.6		110.2		121.3
Connectors equipment	309.1		327.9		392.3
CT Aerospace products	220.8		210.7		199.5
CT Industrial products	62.7		66.4		85.3
Total	$	2,405.4	$	2,485.6	$	2,654.6

During 2016, 2015, and 2014, a single external customer accounted for 10.5%, 9.1%, and 9.2% of consolidated ITT revenue, respectively. The revenue from this customer is reported within the Motion Technologies segment.