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Segment Information
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
During the first quarter of 2017, we combined our former Interconnect Solutions and Control Technologies segments to form Connect & Control Technologies. All prior year segment information has been reclassified based on our current segment structure. The Company’s segments are reported on the same basis used by our chief operating decision maker, for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Industrial Process, Motion Technologies, and Connect & 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.
Connect & Control Technologies manufactures harsh-environment connector solutions and critical energy absorption and flow control components for the aerospace and defense, general industrial, medical, and oil and gas 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
 
2017

 
2016

 
2015

 
2017

 
2016

 
2015

 
2017

 
2016

 
2015

Industrial Process
$
807.2

 
$
830.1

 
$
1,113.8

 
$
59.5

 
$
33.5

 
$
141.2

 
7.4
%
 
4.0
%
 
12.7
%
Motion Technologies
1,176.0

 
983.4

 
767.2

 
190.0

 
171.4

 
126.4

 
16.2
%
 
17.4
%
 
16.5
%
Connect & Control Technologies
605.6

 
596.3

 
609.3

 
66.7

 
65.2

 
54.6

 
11.0
%
 
10.9
%
 
9.0
%
Total segment results
2,588.8

 
2,409.8


2,490.3

 
316.2

 
270.1

 
322.2

 
12.2
%
 
11.2
%
 
13.0
%
Asbestos-related benefit, net
—

 
—

 
—

 
19.9

 
25.6

 
91.4

 
—

 
—

 
—

Eliminations / Other corporate costs
(3.5
)
 
(4.4
)
 
(4.7
)
 
(26.4
)
 
(36.8
)
 
(33.5
)
 
—

 
—

 
—

Total Eliminations / Corporate and Other costs
(3.5
)
 
(4.4
)
 
(4.7
)
 
(6.5
)
 
(11.2
)
 
57.9

 
—

 
—

 
—

Total
$
2,585.3

 
$
2,405.4

 
$
2,485.6

 
$
309.7

 
$
258.9

 
$
380.1

 
12.0
%
 
10.8
%
 
15.3
%

 
Assets
 
Capital
Expenditures
 
Depreciation
and Amortization
 
2017

 
2016

 
2017

 
2016

 
2015

 
2017

 
2016

 
2015

Industrial Process
$
1,025.7

 
$
998.1

 
$
19.3

 
$
24.4

 
$
20.4

 
$
27.5

 
$
27.9

 
$
27.9

Motion Technologies
1,140.4

 
838.4

 
79.1

 
73.5

 
39.3

 
49.4

 
43.2

 
32.4

Connect & Control Technologies
694.8

 
678.4

 
10.6

 
11.7

 
23.7

 
22.8

 
24.3

 
23.4

Corporate and Other
839.3

 
1,086.8

 
4.3

 
1.8

 
3.3

 
5.6

 
6.6

 
6.3

Total
$
3,700.2

 
$
3,601.7

 
$
113.3

 
$
111.4

 
$
86.7

 
$
105.3

 
$
102.0

 
$
90.0


 
Revenue(a)
Geographic Information
2017

 
2016

 
2015

United States
$
853.6

 
$
900.3

 
$
941.1

Germany
389.3

 
324.4

 
290.7

Other developed markets
495.5

 
459.6

 
476.8

Other emerging markets
846.9

 
721.1

 
777.0

Total
$
2,585.3

 
$
2,405.4

 
$
2,485.6

(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
2017

 
2016

United States
$
168.3

 
$
181.6

Italy
102.9

 
81.0

China
52.1

 
40.2

Germany
39.1

 
38.5

Mexico
34.5

 
28.7

Czech Republic
27.9

 
16.8

South Korea
27.8

 
28.0

Other developed markets
41.8

 
36.0

Other emerging markets
27.3

 
13.7

Total
$
521.7

 
$
464.5


The following table provides revenue by product category, net of intercompany balances.
 
2017

 
2016

 
2015

Pumps and complementary products
$
718.8

 
$
745.1

 
$
1,025.9

Pump support and maintenance services
88.4

 
84.7

 
87.8

Brake component products
979.7

 
873.4

 
656.7

Shock absorber equipment
196.0

 
109.6

 
110.2

Connectors
317.9

 
309.1

 
327.9

Aerospace control components
223.1

 
220.8

 
210.7

Industrial control components
61.4

 
62.7

 
66.4

Total
$
2,585.3

 
$
2,405.4

 
$
2,485.6


During 2017, 2016, and 2015, a single external customer accounted for 11.1%, 10.5%, and 9.1% of consolidated ITT revenue, respectively. The revenue from this customer is reported within the Motion Technologies segment.