Segment Reporting

6 Months Ended

Jan. 31, 2020

Segment Reporting, Measurement Disclosures [Abstract]

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. Corporate and Unallocated includes corporate expenses determined to be non-allocable to the segments, such as 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 earnings before income taxes and other financial information shown below.

Segment detail is summarized as follows (in millions):



	Three Months Ended January 31,						Six Months Ended January 31,
	2020			2019			2020			2019
Net sales
Engine Products segment	$	435.6		$	469.0		$	894.7		$	949.9
Industrial Products segment	226.4			234.7			440.0			455.2
Total	$	662.0		$	703.7		$	1,334.7		$	1,405.1

Earnings before income taxes
Engine Products segment	$	53.3		$	53.2		$	115.7		$	117.1
Industrial Products segment	34.6			32.2			64.1			68.8
Corporate and Unallocated	(5.1		)	(4.9		)	(10.3		)	(9.0		)
Total	$	82.8		$	80.5		$	169.5		$	176.9

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




	Three Months Ended January 31,				Six Months Ended January 31,
	2020		2019		2020		2019
Engine Products segment
Off-Road	$	67.5	$	79.0	$	136.1	$	155.2
On-Road	33.8		42.8		74.5		88.7
Aftermarket	308.1		321.1		627.5		652.3
Aerospace and Defense	26.2		26.1		56.6		53.7
Engine Products segment net sales	435.6		469.0		894.7		949.9

Industrial Products segment
Industrial Filtration Solutions	155.0		164.6		304.1		314.0
Gas Turbine Systems	24.3		27.5		45.0		53.0
Special Applications	47.1		42.6		90.9		88.2
Industrial Products segment net sales	226.4		234.7		440.0		455.2
Total net sales	$	662.0	$	703.7	$	1,334.7	$	1,405.1

There were no customers that accounted for over 10% of net sales for the three and six months ended January 31, 2020 or 2019, or over 10% of gross accounts receivable as of January 31, 2020 and July 31, 2019.