XML 43 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting
6 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Segment Reporting
Summarized information about the Company's results of operations by business segment follows (in millions):
 
Three Months Ended March 31,
 
Six Months Ended March 31,
 
Sales
 
Earnings
 
Sales
 
Earnings
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
Process Management
$
1,653

 
1,869

 
296

 
341

 
3,195

 
3,396

 
586

 
531

Industrial Automation
1,308

 
1,284

 
210

 
203

 
2,518

 
2,513

 
395

 
385

Network Power
1,616

 
1,549

 
150

 
134

 
3,285

 
3,044

 
332

 
256

Climate Technologies
1,014

 
926

 
187

 
158

 
1,824

 
1,659

 
310

 
258

Commercial & Residential Solutions
455

 
475

 
91

 
100

 
901

 
932

 
184

 
197

 
6,046

 
6,103

 
934

 
936

 
11,723

 
11,544

 
1,807

 
1,627

Differences in accounting methods
 
 
 
 
56

 
55

 
 
 
 
 
109

 
104

Corporate and other
 
 
 
 
(100
)
 
(119
)
 
 
 
 
 
(252
)
 
(248
)
Eliminations/Interest
(192
)
 
(184
)
 
(57
)
 
(58
)
 
(334
)
 
(316
)
 
(118
)
 
(116
)
     Total
$
5,854

 
5,919

 
833

 
814

 
11,389

 
11,228

 
1,546

 
1,367


 
Industrial Automation intersegment sales for the second quarter ended March 31, 2012 and 2011 were $163 million and $176 million, respectively, and $273 million and $302 million, respectively, year-to-date ended March 31, 2012 and 2011. The increase in Corporate and other for the 2012 second quarter is due primarily to the comparative effect of the $15 million India joint venture acquisition gain in prior year. Corporate and other decreased slightly year-to-date on lower 2012 incentive stock compensation expense of $31 million, mostly offset by a $17 million charge related to the elimination of post-65 supplemental retiree medical benefits for approximately 8,000 active employees. In 2011 the $15 million acquisition gain was offset by $15 million of acquisition-related costs primarily incurred in the first quarter.