Segment Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company reports its results of operations through the following three segments, each of which represents a reportable segment as follows: 

Carlisle Construction Materials (“CCM”)—this segment produces a complete range of building envelope products for commercial, industrial and residential buildings, including single-ply roofing, rigid foam insulations, spray polyurethane foam technologies, architectural metal, heating, ventilation and air conditioning ("HVAC") hardware and sealants, below-grade waterproofing, and air and vapor barrier systems focused on the weatherproofing and thermal performance of the building envelope.

Carlisle Interconnect Technologies (“CIT”)—this segment produces high-performance wire and cable, including optical fiber, for the commercial aerospace, military and defense electronics, medical device, industrial, and test and measurement markets. CIT's product portfolio also includes sensors, connectors, contacts, cable assemblies, complex harnesses, racks, trays, and installation kits, in addition to engineering and certification services.

Carlisle Fluid Technologies (“CFT”)—this segment produces highly engineered liquid, powder, sealants and adhesives finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings used in the automotive manufacture, general industrial, protective coating, wood, specialty and automotive refinishing markets.

Summary financial information by reportable segment follows:

(in millions)	Revenues		Operating Income (Loss)		Assets		Depreciation and Amortization		Capital Expenditures
2021
Carlisle Construction Materials	$	3,836.7	$	684.3	$	4,310.0	$	114.0	$	103.1
Carlisle Interconnect Technologies	687.8		(17.5)		1,671.0		75.1		15.4
Carlisle Fluid Technologies	285.8		24.0		672.6		23.1		7.2
Segment Total	4,810.3		690.8		6,653.6		212.2		125.7
Corporate and unallocated (1)	—		(123.3)		593.2		5.7		2.4
Discontinued operations	—		—		—		8.3		6.7
Total	$	4,810.3	$	567.5	$	7,246.8	$	226.2	$	134.8
2020
Carlisle Construction Materials	$	2,995.6	$	581.6	$	2,045.3	$	98.0	$	52.0
Carlisle Interconnect Technologies	731.6		(2.1)		1,740.9		77.5		14.5
Carlisle Fluid Technologies	242.7		5.3		679.6		23.4		4.7
Segment Total	3,969.9		584.8		4,465.8		198.9		71.2
Corporate and unallocated (1)	—		(97.0)		981.0		3.8		14.1
Discontinued operations	—		—		419.6		21.5		10.2
Total	$	3,969.9	$	487.8	$	5,866.4	$	224.2	$	95.5
2019
Carlisle Construction Materials	$	3,233.3	$	576.0	$	2,097.8	$	93.9	$	30.1
Carlisle Interconnect Technologies	972.9		131.6		1,880.4		63.0		23.6
Carlisle Fluid Technologies	278.4		24.0		707.5		24.1		3.5
Segment Total	4,484.6		731.6		4,685.7		181.0		57.2
Corporate and unallocated (1)	—		(97.5)		371.3		2.7		12.6
Discontinued operations	—		—		439.0		21.7		19.1
Total	$	4,484.6	$	634.1	$	5,496.0	$	205.4	$	88.9

(1)Corporate operating loss includes other unallocated costs, primarily general corporate expenses. Corporate assets consist primarily of cash and cash equivalents, deferred taxes and other invested assets.

Geographic Area Information

Long-lived assets, excluding deferred tax assets and intangible assets, by region follows: 

(in millions)	December 31, 2021		December 31, 2020
United States	$	650.6	$	485.5
International:
Europe	118.8		105.9
Asia	36.0		31.5
Mexico	29.0		29.9
United Kingdom	27.2		22.9
Other	26.6		0.3
Total long-lived assets	$	888.2	$	676.0

A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:

	2021
(in millions)	CCM		CIT		CFT		Total
United States	$	3,413.3	$	502.8	$	123.4	$	4,039.5
International:
Europe	243.9		61.8		54.1		359.8
Asia and Middle East	25.5		82.4		90.6		198.5
North America (excluding U.S.)	136.5		20.8		12.7		170.0
Africa	7.1		5.1		0.8		13.0
Other	10.4		14.9		4.2		29.5
Total international	423.4		185.0		162.4		770.8
Total revenues	$	3,836.7	$	687.8	$	285.8	$	4,810.3

	2020
(in millions)	CCM		CIT		CFT		Total
United States	$	2,677.5	$	540.9	$	109.4	$	3,327.8
International:
Europe	201.4		65.3		46.3		313.0
Asia and Middle East	26.1		78.5		75.9		180.5
North America (excluding U.S.)	82.0		37.1		9.8		128.9
Africa	3.4		6.4		0.6		10.4
Other	5.2		3.4		0.7		9.3
Total international	318.1		190.7		133.3		642.1
Total revenues	$	2,995.6	$	731.6	$	242.7	$	3,969.9

	2019
(in millions)	CCM		CIT		CFT		Total
United States	$	2,895.5	$	699.5	$	124.1	$	3,719.1
International:
Europe	204.2		71.7		54.8		330.7
Asia and Middle East	29.9		116.5		89.1		235.5
North America (excluding U.S.)	92.7		58.5		8.9		160.1
Africa	2.9		14.4		0.7		18.0
Other	8.1		12.3		0.8		21.2
Total international	337.8		273.4		154.3		765.5
Total revenues	$	3,233.3	$	972.9	$	278.4	$	4,484.6

Customer Information

Revenues from Beacon Roofing Supply, Inc. accounted for approximately 12.2%, 12.0% and 11.8% of the Company’s consolidated revenues during the years ended December 31, 2021, 2020 and 2019, respectively. Additionally, revenues from ABC Supply Co. accounted for approximately 12.4%, 12.2% and 11.2% of the

Company's consolidated revenues during the years ended December 31, 2021, 2020 and 2019, respectively. Sales to both of these customers originate in the CCM segment. No other customers accounted for 10.0% or more of the Company’s total revenues for the years ended December 31, 2021, 2020 and 2019.