Segment Information

12 Months Ended

Dec. 31, 2015

Segment Information

Segment Information

Note 2—Segment Information

        The Company's operations are reported in the following segments:

        Carlisle Construction Materials ("CCM" or the "Construction Materials segment")—the principal products of this segment are insulation materials, rubber (EPDM), thermoplastic polyolefin (TPO), and polyvinyl chloride (PVC) roofing membranes used predominantly on non-residential low-sloped roofs, related roofing accessories, including flashings, fasteners, sealing tapes, and coatings and waterproofing products. The markets served include new construction, re-roofing and maintenance of low-sloped roofs, water containment, HVAC sealants, and coatings and waterproofing.

        Carlisle Interconnect Technologies ("CIT" or the "Interconnect Technologies segment")—the principal products of this segment are high-performance wire, cable, connectors, contacts, and cable assemblies for the transfer of power and data primarily for the aerospace, medical, defense electronics, test and measurement equipment, and select industrial markets.

        Carlisle Fluid Technologies ("CFT" or the "Fluid Technologies segment")—the principal products of this segment are industrial finishing equipment and integrated system solutions for spraying, pumping, mixing, metering, and curing of a variety of coatings used in the transportation, general industrial, protective coating, wood, specialty, and auto refinishing markets.

        Carlisle Brake & Friction ("CBF" or the "Brake & Friction segment")—the principal products of this segment include high-performance brakes and friction material, and clutch and transmission friction material for the construction, agriculture, mining, aerospace, and motor sports markets.

        Carlisle FoodService Products ("CFSP" or the "FoodService Products segment")—the principal products of this segment include commercial and institutional foodservice permanentware, table coverings, cookware, catering equipment, fiberglass and composite material trays and dishes, industrial brooms, brushes, mops, and rotary brushes for commercial and non-commercial foodservice operators and sanitary maintenance professionals.

        Corporate EBIT includes other unallocated costs, primarily general corporate expenses. Corporate assets consist primarily of cash and cash equivalents, deferred taxes, corporate aircraft, and other invested assets.

        Geographic Area Information—Net sales are based on the country to which the product was delivered. Net sales by region for the years ended December 31 are as follows (in millions):

Country	2015		2014		2013
United States	$	2,659.4	$	2,441.7	$	2,260.8
International:
Europe		384.4		357.4		330.4
Asia		225.5		136.0		126.3
Canada		114.9		117.1		90.1
Mexico and Latin America		81.6		82.0		69.7
Middle East and Africa		55.7		48.7		47.4
Other		21.7		21.1		18.3
Net sales	$	3,543.2	$	3,204.0	$	2,943.0

        Long-lived assets, comprised of net property, plant, and equipment, are as follows (in millions):

Country	2015		2014		2013
Long-lived assets held and used:
United States	$	461.3	$	452.1	$	420.7
Europe		47.9		48.4		48.1
Asia		29.0		22.5		19.8
United Kingdom		19.2		7.2		7.4
Mexico		27.8		17.0		1.0
Other		0.6		0.1		0.2
Total long-lived assets	$	585.8	$	547.3	$	497.2

        Financial information for operations by reportable business segment is included in the following summary:

(in millions)	Net Sales		EBIT			Assets		Depreciation and Amortization		Capital Spending
2015
Carlisle Construction Materials	$	2,002.6	$	351.1		$	899.2	$	37.3	$	21.0
Carlisle Interconnect Technologies		784.6		141.6			1,264.0		44.3		31.6
Carlisle Fluid Technologies		203.2		20.8			659.5		15.0		1.9
Carlisle Brake & Friction		310.2		17.3			553.0		21.4		11.1
Carlisle FoodService Products		242.6		27.3			199.0		9.7		6.3
Corporate(1)		—		(56.2	)		379.4		1.6		0.2
Total	$	3,543.2	$	501.9		$	3,954.1	$	129.3	$	72.1
2014
Carlisle Construction Materials	$	1,935.4	$	268.8		$	915.1	$	34.6	$	51.4
Carlisle Interconnect Technologies		669.1		132.2			1,296.3		37.6		32.2
Carlisle Fluid Technologies		—		—			—		—		—
Carlisle Brake & Friction		355.3		26.8			591.3		21.9		11.2
Carlisle FoodService Products		244.2		29.6			198.4		8.8		17.5
Corporate(1)		—		(49.1	)		757.6		1.1		6.5
Total	$	3,204.0	$	408.3		$	3,758.7	$	104.0	$	118.8
2013
Carlisle Construction Materials	$	1,776.5	$	264.0		$	886.9	$	31.0	$	64.5
Carlisle Interconnect Technologies		577.7		89.4			1,017.5		34.4		12.2
Carlisle Fluid Technologies		—		—			—		—		—
Carlisle Brake & Friction		350.0		33.5			603.7		21.3		10.4
Carlisle FoodService Products		238.8		27.0			193.2		7.7		10.8
Corporate(1)		—		(47.1	)		791.4		1.7		—
Total	$	2,943.0	$	366.8		$	3,492.7	$	96.1	$	97.9

(1)           EBIT includes general corporate expenses and Assets consist primarily of cash and cash equivalents and other invested assets, and includes assets of discontinued operations not classified as held for sale.

        A reconciliation of assets, depreciation and amortization, and capital spending reported above to the amounts presented on the Consolidated Statement of Cash Flows is as follows:

(in millions)	2015		2014		2013
Depreciation and amortization per table above	$	129.3	$	104.0	$	96.1
Depreciation and amortization of discontinued operations		—		—		17.8
Total depreciation and amortization	$	129.3	$	104.0	$	113.9

(in millions)	2015		2014		2013
Capital spending per table above	$	72.1	$	118.8	$	97.9
Capital spending of discontinued operations		—		—		12.9
Total capital spending	$	72.1	$	118.8	$	110.8

        Customer Information—Net sales to Beacon Roofing Supply, Inc. accounted for 10% of the Company's consolidated net sales during the year ended December 31, 2015. Sales to this customer originate in the Construction segment. No other customer accounted for 10% or more of the Company's total net sales.