Business Segments Information

12 Months Ended

Sep. 30, 2011

Business Segments Information [Abstract]

Business Segments Information

(16)  Business Segments Information

The Company designs and supplies products and technology and delivers engineering services in a wide range of industrial, commercial and consumer markets around the world. The business segments of the Company are organized primarily by the nature of the products and services they sell. The Process Management segment provides systems and software, measurement and analytical instrumentation, valves, actuators and regulators, and services and solutions that provide precision control, monitoring and asset optimization for plants that produce power or process fluids such as petroleum, chemicals, food and beverages, pulp and paper, and pharmaceuticals. The Industrial Automation segment provides commercial and industrial motors and drives, power transmission and materials handling equipment, low, medium and high voltage alternators and other power generation equipment, materials joining and precision cleaning products, fluid power and control mechanisms, and electrical distribution equipment which are used in a wide variety of manufacturing operations to provide integrated manufacturing solutions to customers. The Network Power segment designs, manufactures, installs and maintains power systems, including power conditioning and uninterruptible AC and DC power supplies, embedded power supplies, precision cooling systems, electrical switching equipment, and integrated infrastructure monitoring and management systems for telecommunications networks, data centers and other critical applications. The Climate Technologies segment supplies compressors, temperature sensors and controls, thermostats, flow controls and remote monitoring services to all elements of the climate control industry. The Tools and Storage segment provides tools for professionals and homeowners, home and commercial storage systems, and appliance solutions. The principal distribution method for each segment is a direct sales force, although the Company also uses independent sales representatives and distributors. Due to its global presence, certain of the Company's international operations are subject to risks such as nationalization of operations, significant currency exchange rate fluctuations and restrictions on the movement of funds.

The primary income measure used for assessing segment performance and making operating decisions is earnings before interest and income taxes. Intersegment selling prices approximate market prices. Accounting method differences between segment reporting and the consolidated financial statements are primarily management fees allocated to segments based on a percentage of sales and the accounting for pension and other retirement plans. Corporate assets are comprised of primarily cash and equivalents, investments and certain fixed assets. Summarized below is information about the Company's operations by business segment and by geographic region (also see Notes 3 through 6).

BUSINESS SEGMENTS

	SALES									EARNINGS									TOTAL ASSETS
	2009			2010			2011			2009			2010			2011			2009		2010		2011
Process Management	$	6,135			6,022			7,000			1,060			1,093			1,402			5,283		5,406		5,915
Industrial Automation		4,172			4,289			5,294			470			591			830			3,420		3,688		3,818
Network Power		5,456			5,828			6,811			579			800			756			4,973		8,072		7,945
Climate Technologies		3,197			3,801			3,995			411			691			709			2,131		2,172		2,229
Tools and Storage		1,725			1,755			1,837			276			357			375			1,804		1,314		1,271
		20,685			21,695			24,937			2,796			3,532			4,072			17,611		20,652		21,178
Differences in accounting methods											179			195			231
Corporate and other (a)											(305	)		(587	)		(449	)		2,152		2,191		2,683
Sales eliminations/Interest		(583	)		(656	)		(715	)		(220	)		(261	)		(223	)
Total	$	20,102			21,039			24,222			2,450			2,879			3,631			19,763		22,843		23,861

(a) Corporate and other primarily reflects changes in incentive stock compensation expense, which decreased $96 in 2011 due to changes in the Company's stock price and a reduced impact from incentive stock plans overlap compared to prior year, and increased $163 in 2010 related to an increase in stock price and the overlap of two plans in 2010 (see Note 14). Corporate and other in 2010 also reflects higher acquisition-related costs.

	INTERSEGMENT SALES						DEPRECIATION AND AMORTIZATION EXPENSE						CAPITAL EXPENDITURES
	2009		2010		2011		2009		2010		2011		2009		2010		2011
Process Management	$	2		3		7		166		183		198		100		105		194
Industrial Automation		499		570		640		143		150		148		99		114		138
Network Power		16		31		24		155		205		286		100		103		99
Climate Technologies		43		46		42		138		148		138		83		104		120
Tools and Storage		23		6		2		96		95		57		64		57		35
Corporate and other								29		35		40		85		41		61
Total	$	583		656		715		727		816		867		531		524		647

GEOGRAPHIC

	SALES BY DESTINATION						PROPERTY, PLANT AND EQUIPMENT
	2009		2010		2011		2009		2010		2011
United States and Canada	$	9,408		9,823		10,773		2,028		1,858		1,869
Asia		4,312		4,858		5,636		525		505		583
Europe		4,341		4,309		5,271		717		683		714
Latin America		1,004		1,065		1,319		227		229		262
Middle East/Africa		1,037		984		1,223		3		12		9
Total	$	20,102		21,039		24,222		3,500		3,287		3,437

Sales in the U.S. were $9,900, $9,101 and $8,686 for 2011, 2010 and 2009, respectively, and Asia includes sales in China of $3,079, $2,692 and $2,306, respectively. U.S.-located fixed assets were $1,853, $1,839 and $2,010.