XML 22 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Revenue and Earnings from continuing operations by market segment
Segment financial information and a reconciliation of segment results to consolidated results follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Revenue:
 
 
 
 
 
 
 
Energy
$
481,016

 
$
465,906

 
$
959,789

 
$
928,585

Engineered Systems
698,957

 
639,426

 
1,348,735

 
1,244,751

Fluids
346,275

 
310,137

 
691,284

 
583,775

Refrigeration & Food Equipment
522,357

 
517,574

 
933,850

 
940,042

Intra-segment eliminations
(867
)
 
(632
)
 
(1,273
)
 
(765
)
Total consolidated revenue
$
2,047,738

 
$
1,932,411

 
$
3,932,385

 
$
3,696,388

 
 
 
 
 
 
 
 
Earnings from continuing operations:
 
 

 
 
 
 
Segment earnings:
 

 
 

 
 
 
 
Energy
$
114,991

 
$
109,662

 
$
233,959

 
$
228,370

Engineered Systems
112,422

 
102,804

 
204,742

 
186,087

Fluids
63,112

 
58,768

 
121,054

 
106,369

Refrigeration & Food Equipment
84,926

 
82,177

 
129,788

 
134,287

Total segments
375,451

 
353,411

 
689,543

 
655,113

Corporate expense / other (1)
29,107

 
34,860

 
59,628

 
68,492

Net interest expense
31,967

 
30,232

 
64,632

 
60,516

Earnings before provision for income taxes and discontinued operations
314,377

 
288,319

 
565,283

 
526,105

Provision for taxes
96,934

 
30,261

 
171,516

 
100,834

Earnings from continuing operations
$
217,443

 
$
258,058

 
$
393,767

 
$
425,271


(1)
Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, and various administrative expenses relating to the corporate headquarters.