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Segment Information
 12 Months Ended
Dec. 31, 2018
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: Motion Technologies, Industrial Process, and Connect & Control Technologies.
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.
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.
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(a)
 
Operating Margin(a)
 
2018

 
2017

 
2016

 
2018

 
2017

 
2016

 
2018

 
2017

 
2016

Motion Technologies
$
1,274.1

 
$
1,176.0

 
$
983.4

 
$
223.4

 
$
190.2

 
$
171.3

 
17.5
%
 
16.2
%
 
17.4
%
Industrial Process
827.1

 
807.2

 
830.1

 
91.4

 
65.8

 
39.6

 
11.1
%
 
8.2
%
 
4.8
%
Connect & Control Technologies
646.6

 
605.6

 
596.3

 
96.5

 
68.4

 
66.3

 
14.9
%
 
11.3
%
 
11.1
%
Total segment results
2,747.8

 
2,588.8


2,409.8

 
411.3

 
324.4

 
277.2

 
15.0
%
 
12.5
%
 
11.5
%
Asbestos-related (expense) benefit, net
—

 
—

 
—

 
(4.9
)
 
19.9

 
25.6

 
—

 
—

 
—

Gain on sale of long-lived assets(b)
—

 
—

 
—

 
38.5

 
—

 
0.6

 
—

 
—

 
—

Eliminations / Other corporate costs
(2.7
)
 
(3.5
)
 
(4.4
)
 
(47.6
)
 
(25.0
)
 
(26.8
)
 
—

 
—

 
—

Total Eliminations / Corporate and Other costs
(2.7
)
 
(3.5
)
 
(4.4
)
 
(14.0
)
 
(5.1
)
 
(0.6
)
 
—

 
—

 
—

Total
$
2,745.1

 
$
2,585.3

 
$
2,405.4

 
$
397.3

 
$
319.3

 
$
276.6

 
14.5
%
 
12.4
%
 
11.5
%

(a)
Operating income and operating margin for the years ended December 31, 2017 and 2016 has been restated to reflect the adoption of ASU 2017-07. Refer to Note 2, Recent Accounting Pronouncements for further information.
(b)
Excludes gain on sale of long-lived assets presented within segment results of $2.2, $0.9, and $0.3 for 2018, 2017, and 2016, respectively.

 
Assets
 
Capital
Expenditures
 
Depreciation
and Amortization
 
2018

 
2017

 
2018

 
2017

 
2016

 
2018

 
2017

 
2016

Motion Technologies
$
1,147.2

 
$
1,140.4

 
$
75.0

 
$
79.1

 
$
73.5

 
$
57.2

 
$
49.4

 
$
43.2

Industrial Process
1,000.1

 
1,025.7

 
7.8

 
19.3

 
24.4

 
26.9

 
27.5

 
27.9

Connect & Control Technologies
694.0

 
694.8

 
10.8

 
10.6

 
11.7

 
21.2

 
22.8

 
24.3

Corporate and Other
1,005.5

 
839.3

 
1.9

 
4.3

 
1.8

 
4.1

 
5.6

 
6.6

Total
$
3,846.8

 
$
3,700.2

 
$
95.5

 
$
113.3

 
$
111.4

 
$
109.4

 
$
105.3

 
$
102.0


The following table displays consolidated revenue by geographic region as of December 31, 2018, 2017, and 2016. Revenue is attributed to individual regions based upon the destination of the product or service delivery.
For the Year Ended December 31, 2018
Motion Technologies
 
Industrial Process
 
Connect & Control Technologies
 
Eliminations
 
Total
North America(a)
$
185.3

 
$
483.6

 
$
404.3

 
$
(2.4
)
 
$
1,070.8

Europe(b)
807.6

 
60.3

 
132.9

 
(0.1
)
 
1,000.7

Asia Pacific
265.5

 
81.6

 
84.5

 
(0.2
)
 
431.4

Middle East and Africa
1.3

 
128.1

 
17.2

 
—

 
146.6

South America
14.4

 
73.5

 
7.7

 
—

 
95.6

Total
$
1,274.1

 
$
827.1

 
$
646.6

 
$
(2.7
)
 
$
2,745.1

 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
North America(a)
$
163.2

 
$
472.3

 
$
376.6

 
$
(3.1
)
 
$
1,009.0

Europe(b)
767.6

 
67.7

 
123.0

 
(0.1
)
 
958.2

Asia Pacific
232.9

 
75.3

 
85.4

 
(0.3
)
 
393.3

Middle East and Africa
1.5

 
115.5

 
13.5

 
—

 
130.5

South America
10.8

 
76.4

 
7.1

 
—

 
94.3

Total
$
1,176.0

 
$
807.2

 
$
605.6

 
$
(3.5
)
 
$
2,585.3

 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
North America(a)
$
162.3

 
$
495.1

 
$
377.0

 
$
(3.5
)
 
$
1,030.9

Europe(b)
618.8

 
72.1

 
114.7

 
(0.2
)
 
805.4

Asia Pacific
192.8

 
75.0

 
85.3

 
(0.7
)
 
352.4

Middle East and Africa
1.4

 
114.4

 
10.8

 
—

 
126.6

South America
8.1

 
73.5

 
8.5

 
—

 
90.1

Total
$
983.4

 
$
830.1

 
$
596.3

 
$
(4.4
)
 
$
2,405.4

(a)
Includes total revenue of $887.0, $853.6, and $900.3, from the United States for 2018, 2017, and 2016, respectively.
(b)
Includes total revenue of $412.5, $389.3, and $324.4, from Germany for 2018, 2017, and 2016, respectively.

The following table displays Plant, Property and Equipment, net by geographic region as of December 31, 2018, and 2017.
 
2018

 
2017

North America(a)
$
193.4

 
$
203.5

Europe(b)
228.3

 
223.2

Asia Pacific
91.8

 
88.1

Middle East and Africa
0.6

 
0.8

South America
4.7

 
6.1

Total
$
518.8

 
$
521.7


(a)
Includes $159.7 and $168.3, in the United States as of December 31, 2018 and 2017, respectively.
(b)
Includes $101.0 and $102.9, in Italy as of December 31, 2018 and 2017, respectively.