Segment Reporting

3 Months Ended

Oct. 31, 2020

Segment Reporting, Measurement Disclosures [Abstract]

Segment Reporting

Segment Reporting

The Company has 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 details are as follows (in millions):

	Three Months Ended October 31,
	2020		2019
Net sales
Engine Products segment	$	436.2	$	459.2
Industrial Products segment	200.4		213.5
Total	$	636.6	$	672.7
Earnings before income taxes
Engine Products segment	$	60.4	$	62.4
Industrial Products segment	27.5		29.5
Corporate and Unallocated	(5.7)		(5.3)
Total	$	82.2	$	86.6

Net sales by product group within the Engine Products and Industrial Products segments are as follows (in millions):

	Three Months Ended October 31,
	2020		2019
Engine Products segment
Off-Road	$	64.8	$	68.6
On-Road	32.0		40.7
Aftermarket	317.0		319.4
Aerospace and Defense	22.4		30.5
Engine Products segment net sales	436.2		459.2
Industrial Products segment
Industrial Filtration Solutions	135.6		149.0
Gas Turbine Systems	23.0		20.7
Special Applications	41.8		43.8
Industrial Products segment net sales	200.4		213.5
Total net sales	$	636.6	$	672.7

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