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Segment Information (Tables)
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Revenue and Earnings from continuing operations by market segment
 
Three Months Ended March 31,
 
2015
 
2014
Revenue:
 
 
 
Energy
$
430,423

 
$
478,773

Engineered Systems
573,196

 
567,674

Fluids
340,236

 
345,009

Refrigeration & Food Equipment
372,097

 
411,493

Intra-segment eliminations
(451
)
 
(379
)
Total consolidated revenue
$
1,715,501

 
$
1,802,570

 
 
 
 
Earnings from continuing operations:
 
 
 
Segment earnings:
 
 
 
Energy
$
52,305

 
$
118,968

Engineered Systems
88,149

 
83,227

Fluids
54,634

 
57,942

Refrigeration & Food Equipment
36,150

 
44,862

Total segments
231,238

 
304,999

Corporate expense / other (1)
34,526

 
30,734

Net interest expense
32,037

 
32,655

Earnings before provision for income taxes and discontinued operations
164,675

 
241,610

Provision for taxes
47,485

 
71,569

Earnings from continuing operations
$
117,190

 
$
170,041


(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.