Segment Reporting

The Company has identified two reportable 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.

The Engine Products segment sells to OEMs in the construction, mining, agriculture, aerospace, defense and truck end markets and to independent distributors, OEM dealer networks, private label accounts and large equipment fleets. Products include replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems and sensors, indicators and monitoring systems.

The Industrial Products segment sells to various dealers, distributors, OEMs of gas-fired turbines and OEMs and end users requiring clean air filtration solutions and replacement filters. Products include dust, fume and mist collectors, compressed air purification systems, air filtration systems for gas turbines, polytetrafluoroethylene (PTFE) membrane-based products and specialized air and gas filtration systems for applications including hard disk drives and semi-conductor manufacturing and sensors, indicators and monitoring systems.

Corporate and Unallocated includes corporate expenses determined to be non-allocable to the segments, such as interest expense.

The Company has manufacturing facilities that serve both of its reportable segments. As such, asset and capital expenditure information by reportable segment has not been provided, since the Company does not produce or utilize such information internally. In addition, although depreciation and amortization expense is a component of each reportable segment’s operating results, it is not discretely identifiable.

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 earnings before income taxes and other financial information shown below.

Segment detail is summarized as follows (in millions):



	Engine Products		Industrial Products			Corporate and Unallocated			Total Company
Fiscal 2019
Net sales	$	1,926.0	$	918.9		$	—		$	2,844.9
Equity earnings in unconsolidated affiliates	2.1		0.1			—			2.2
Earnings (loss) before income taxes	254.6		140.1			(19.5		)	375.2
Equity investments in unconsolidated affiliates	19.0		4.0			—			23.0
Fiscal 2018
Net sales	$	1,849.0	$	885.2		$	—		$	2,734.2
Equity earnings in unconsolidated affiliates	3.7		(0.1		)	—			3.6
Earnings (loss) before income taxes	258.8		135.5			(30.7		)	363.6
Equity investments in unconsolidated affiliates	17.8		3.9			—			21.7
Fiscal 2017
Net sales	$	1,553.3	$	818.6		$	—		$	2,371.9
Equity earnings in unconsolidated affiliates	4.4		0.6			—			5.0
Earnings (loss) before income taxes	218.4		128.5			(24.9		)	322.0
Equity investments in unconsolidated affiliates	14.8		4.2			—			19.0

Net sales by product group within the Engine Products segment and Industrial Products segment is summarized as follows (in millions):



	Year Ended July 31,
	2019		2018		2017
Engine Products segment:
Off-Road	$	315.1	$	327.4	$	252.1
On-Road	179.8		154.2		110.7
Aftermarket	1,315.3		1,261.9		1,086.2
Aerospace and Defense	115.8		105.5		104.3
Total Engine Products segment	1,926.0		1,849.0		1,553.3
Industrial Products segment:
Industrial Filtration Solutions	641.8		594.3		533.2
Gas Turbine Systems	106.3		115.5		122.9
Special Applications	170.8		175.4		162.5
Total Industrial Products segment	918.9		885.2		818.6
Total net sales	$	2,844.9	$	2,734.2	$	2,371.9

Net sales by origination and property, plant and equipment by geographic region are summarized as follows (in millions):



	Net Sales ⁽¹⁾		Property, Plant and Equipment, Net
Fiscal 2019
United States	$	1,192.6	$	231.0
Europe, Middle East and Africa	826.8		199.1
Asia Pacific	597.9		50.2
Latin America	227.6		108.6
Total	$	2,844.9	$	588.9

Fiscal 2018
United States	$	1,120.8	$	188.1
Europe, Middle East and Africa	791.5		181.1
Asia Pacific	599.2		53.4
Latin America	222.7		86.7
Total	$	2,734.2	$	509.3

Fiscal 2017
United States	$	990.4	$	193.5
Europe, Middle East and Africa	679.1		170.0
Asia Pacific	500.5		55.3
Latin America	201.9		65.8
Total	$	2,371.9	$	484.6


(1)	Net sales by origination is based on the country of the Company’s legal entity where the customer’s order was placed.

Concentrations There were no customers that accounted for over 10% of net sales during the years ended July 31, 2019, 2018 or 2017. There were no customers that accounted for over 10% of gross accounts receivable at July 31, 2019 or July 31, 2018.