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Segment Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
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, critical energy absorption, flow control components, and composite materials 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
 
Operating Margin
 
2019

 
2018

 
2017

 
2019

 
2018

 
2017

 
2019

 
2018

 
2017

Motion Technologies
$
1,241.8

 
$
1,274.1

 
$
1,176.0

 
$
216.1

 
$
223.4

 
$
190.2

 
17.4
%
 
17.5
%
 
16.2
%
Industrial Process
943.8

 
827.1

 
807.2

 
104.7

 
91.4

 
65.8

 
11.1
%
 
11.1
%
 
8.2
%
Connect & Control Technologies
663.9

 
646.6

 
605.6

 
111.5

 
96.5

 
68.4

 
16.8
%
 
14.9
%
 
11.3
%
Total segment results
2,849.5

 
2,747.8


2,588.8

 
432.3

 
411.3

 
324.4

 
15.2
%
 
15.0
%
 
12.5
%
Asbestos-related benefit (cost), net
—

 
—

 
—

 
20.2

 
(4.9
)
 
19.9

 
—

 
—

 
—

(Loss) gain on sale or disposal of long-lived corporate assets
—

 
—

 
—

 
(0.2
)
 
38.5

 
—

 
—

 
—

 
—

Eliminations / Other corporate costs
(3.1
)
 
(2.7
)
 
(3.5
)
 
(40.9
)
 
(47.6
)
 
(25.0
)
 
—

 
—

 
—

Total Eliminations / Corporate and Other costs
(3.1
)
 
(2.7
)
 
(3.5
)
 
(20.9
)
 
(14.0
)
 
(5.1
)
 
—

 
—

 
—

Total
$
2,846.4

 
$
2,745.1

 
$
2,585.3

 
$
411.4

 
$
397.3

 
$
319.3

 
14.5
%
 
14.5
%
 
12.4
%


 
Assets
 
Capital
Expenditures
 
Depreciation
and Amortization
 
2019

 
2018

 
2019

 
2018

 
2017

 
2019

 
2018

 
2017

Motion Technologies
$
1,178.2

 
$
1,147.2

 
$
57.7

 
$
75.0

 
$
79.1

 
$
58.6

 
$
57.2

 
$
49.4

Industrial Process
1,137.8

 
1,000.1

 
11.2

 
7.8

 
19.3

 
26.3

 
26.9

 
27.5

Connect & Control Technologies
755.6

 
694.0

 
19.4

 
10.8

 
10.6

 
21.8

 
21.2

 
22.8

Corporate and Other
1,036.1

 
1,005.5

 
3.1

 
1.9

 
4.3

 
6.7

 
4.1

 
5.6

Total
$
4,107.7

 
$
3,846.8

 
$
91.4

 
$
95.5

 
$
113.3

 
$
113.4

 
$
109.4

 
$
105.3


The following table displays consolidated revenue by geographic region for the years ended December 31, 2019, 2018, and 2017. Revenue is attributed to individual regions based upon the destination of the product or service delivery.
For the Year Ended December 31, 2019
Motion Technologies
 
Industrial Process
 
Connect & Control Technologies
 
Eliminations
 
Total
North America(a)
$
204.4

 
$
558.7

 
$
431.9

 
$
(2.9
)
 
$
1,192.1

Europe(b)
780.5

 
89.7

 
125.9

 
—

 
996.1

Asia
241.7

 
101.9

 
83.8

 
(0.2
)
 
427.2

Middle East and Africa
2.3

 
114.1

 
16.3

 
—

 
132.7

South America
12.9

 
79.4

 
6.0

 
—

 
98.3

Total
$
1,241.8

 
$
943.8

 
$
663.9

 
$
(3.1
)
 
$
2,846.4

 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2018
 
 
 
 
 
 
 
 
 
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
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
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

(a)
Includes revenue of $989.4, $887.0, and $853.6, from the United States for 2019, 2018, and 2017, respectively.
(b)
Includes revenue of $391.2, $412.5, and $389.3, from Germany for 2019, 2018, and 2017, respectively.

The following table displays Plant, Property and Equipment, net by geographic region as of December 31, 2019, and 2018.
 
2019

 
2018

North America(a)
$
192.2

 
$
193.4

Europe(b)
250.0

 
228.3

Asia
84.6

 
91.8

Middle East and Africa
0.4

 
0.6

South America
4.3

 
4.7

Total
$
531.5

 
$
518.8


(a)
Includes $158.7 and $159.7, in the United States as of December 31, 2019 and 2018, respectively.
(b)
Includes $95.7 and $101.0, in Italy as of December 31, 2019 and 2018, respectively.