XML 48 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Revenue and earnings from continuing operations by market segment
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Revenue:
 
 
 
 
 
 
 
Engineered Systems
$
655,430

 
$
592,432

 
$
1,263,065

 
$
1,169,427

Fluids
553,259

 
405,838

 
1,078,454

 
804,900

Refrigeration & Food Equipment
426,304

 
429,386

 
783,138

 
792,638

Energy
359,168

 
259,008

 
683,256

 
542,238

Intra-segment eliminations
(810
)
 
(319
)
 
(1,190
)
 
(585
)
Total consolidated revenue
$
1,993,351

 
$
1,686,345

 
$
3,806,723

 
$
3,308,618

Earnings:
 
 

 
 
 
 
Segment earnings (loss): (1)
 

 
 

 
 
 
 
Engineered Systems
$
106,820

 
$
104,034

 
$
281,218

 
$
197,782

Fluids
73,558

 
54,033

 
126,197

 
100,080

Refrigeration & Food Equipment
65,829

 
63,230

 
99,391

 
101,391

Energy
53,368

 
(75
)
 
95,059

 
11,169

Total segment earnings
299,575

 
221,222

 
601,865

 
410,422

Corporate expense / other (2)
34,190

 
24,566

 
70,679

 
54,428

Interest expense
36,932

 
33,779

 
73,341

 
67,097

Interest income
(2,338
)
 
(1,622
)
 
(4,918
)
 
(3,226
)
Earnings before provision for income taxes
230,791

 
164,499

 
462,763

 
292,123

Provision for income taxes
66,733

 
46,209

 
126,458

 
74,477

Net earnings
$
164,058

 
$
118,290

 
$
336,305

 
$
217,646

(1)  
Segment earnings includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on sale of businesses and other income, net.
(2)
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, shared business services costs and various administrative expenses relating to the corporate headquarters.