Segment Reporting

6 Months Ended

Jan. 31, 2017

Segment Reporting, Measurement Disclosures [Abstract]

Segment Reporting

Segment Reporting

The Company reports its business in two segments: Engine Products and Industrial Products. Segment determination is based on the internal organization structure, management of operations, and performance evaluation by management and the Company’s Board of Directors. Corporate and Unallocated includes corporate expenses determined to be non-allocable to the segments, such as interest income and interest expense. The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, the Company does not represent that these segments, if operated independently, would report the operating profit and other financial information shown below. Segment detail is summarized as follows (in millions):

	Three Months Ended January 31,						Six Months Ended January 31,
	2017			2016			2017			2016
Net Sales
Engine Products segment	$	361.9		$	320.9		$	715.7		$	667.5
Industrial Products segment	188.7			196.3			387.9			387.7
Total	$	550.6		$	517.2		$	1,103.6		$	1,055.2
Earnings Before Income Taxes
Engine Products segment	$	48.7		$	27.4		$	94.1		$	63.4
Industrial Products segment	24.3			27.7			62.6			51.7
Corporate and Unallocated	(6.7		)	(5.7		)	(10.7		)	(12.3		)
Total	$	66.3		$	49.4		$	146.0		$	102.8

There were no customers that accounted for over 10% of net sales for the three or six months ended January 31, 2017 or 2016. There were no customers that accounted for over 10% of gross accounts receivable as of January 31, 2017 and July 31, 2016.