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Segment Information
 6 Months Ended
Jun. 30, 2011
Segment Information [Abstract]  
SEGMENT INFORMATION
 
NOTE 19
SEGMENT INFORMATION
 
The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Defense & Information Solutions (Defense segment), Fluid Technology (Fluid segment), and Motion & Flow Control (Motion & Flow segment). 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 the planned spinoff transaction, asbestos and environmental matters, that are managed at a corporate level and are not included in the business segments in evaluating performance or allocating resources. Assets of the business segments exclude general corporate assets, which principally consist of cash, deferred tax assets, insurance receivables, certain property, plant and equipment, and certain other assets.
 
Defense – The businesses in this segment are those that directly serve the military and government agencies with products and services. Products include tactical communications equipment, electronic warfare and force protection equipment, radar systems, integrated structures equipment and imaging and sensor equipment, which include night vision goggles, as well as weather, location, surveillance and other related technologies. Services include air traffic management, information and cyber solutions, large-scale systems engineering and integration and defense technologies. The U.S. Government accounted for approximately 88% of Defense segment revenue during the three and six month periods ended June 30, 2011 and 2010.
 
Fluid – Our Fluid segment is a provider of water transport and wastewater treatment systems, pumps and related technologies, and other water and fluid control products with residential, commercial, and industrial applications.
 
Motion & Flow – Our Motion & Flow segment comprises a group of businesses providing products and services for the areas of transportation, defense, aerospace, industrial, computer, telecommunications, medical, marine, and food & beverage. The Motion & Flow businesses primarily serve the high end of their markets, with highly engineered products, high brand recognition, a focus on new product development and operational excellence.
 
                                                   
Three Months Ended June 30     2011 – Revenue     2010 – Revenue  
      Product     Service     Total     Product     Service     Total  
Defense
    $ 682     $ 821     $ 1,503     $ 925     $ 578     $ 1,503  
Fluid
      1,056       52       1,108       846       31       877  
Motion & Flow
      412       2       414       360       2       362  
Eliminations
      (1 )     —       (1 )     (3 )     —       (3 )
                                                   
Total
    $ 2,149     $ 875     $ 3,024     $ 2,128     $ 611     $ 2,739  
                                                   
 
                                                   
Six Months Ended June 30     2011 – Revenue     2010 – Revenue  
      Product     Service     Total     Product     Service     Total  
Defense
    $ 1,365     $ 1,479     $ 2,844     $ 1,727     $ 1,169     $ 2,896  
Fluid
      2,000       100       2,100       1,614       62       1,676  
Motion & Flow
      840       4       844       747       4       751  
Eliminations
      (4 )     —       (4 )     (6 )     —       (6 )
                                                   
Total
    $ 4,201     $ 1,583     $ 5,784     $ 4,082     $ 1,235     $ 5,317  
                                                   
 
                                                                   
      Operating Income     Operating Margin  
For the Periods Ended June 30     3M 2011     3M 2010     6M 2011     6M 2010     3M 2011     3M 2010     6M 2011     6M 2010  
Defense
    $ 142     $ 194     $ 278     $ 335       9.4 %     12.9 %     9.8 %     11.6 %
Fluid
      161       130       286       221       14.5 %     14.8 %     13.6 %     13.2 %
Motion & Flow
      57       42       122       97       13.8 %     11.6 %     14.5 %     12.9 %
Corporate and Other
      (100 )     (42 )     (238 )     (84 )     —       —       —       —  
                                                                   
Total
    $ 260     $ 324     $ 448     $ 569       8.6 %     11.8 %     7.7 %     10.7 %
                                                                   
 
                                                                   
            Plant, Property &
     Capital
     Depreciation &
  
      Total Assets     Equipment, Net     Expenditures     Amortization  
Six Months Ended June 30     2011     2010(a)     2011     2010(a)     2011     2010     2011     2010  
Defense
    $ 4,308     $ 4,149     $ 447     $ 434     $ 35     $ 51     $ 68     $ 65  
Fluid
      4,449       4,055       527       518       54       29       72       42  
Motion & Flow
      1,473       1,372       241       230       19       19       27       27  
Corporate and Other
      2,870       2,862       27       23       15       7       5       6  
                                                                   
Total
    $ 13,100     $ 12,438     $ 1,242     $ 1,205     $ 123     $ 106     $ 172     $ 140  
                                                                   
 
(a) Amounts reflect balances as of December 31, 2010.
 
The operations from one of our subsidiaries reported within the Fluid segment as of December 31, 2010 was reclassified during the first quarter of 2011 and is now reported within the Motion & Flow segment. Prior periods presented in the tables above have been retrospectively adjusted to reflect this change.