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Information on Reportable Segments
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Information on Reportable Segments Information on Reportable Segments
We are a global supplier of highly specialized, engineered solutions with operations in 15 countries and sales in over 100 countries around the world.
We have aggregated our operating segments into the following two reportable segments: HVAC and Detection and Measurement. The factors considered in determining our aggregated segments are the economic similarity of the businesses, the nature of products sold or services provided, production processes, types of customers, distribution methods, and regulatory environment. In determining our reportable segments, we apply the threshold criteria of the Segment Reporting Topic of the Codification. Operating income for each of our reportable segments is determined before considering impairment and special charges, long-term incentive compensation, certain other operating income/expense, and other indirect corporate expenses. This is consistent with the way our Chief Operating Decision Maker evaluates the results of each segment.
HVAC Reportable Segment
Our HVAC reportable segment engineers, designs, manufactures, installs and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers and comfort heating and ventilation products for the residential and commercial markets. The primary distribution channels for the segment’s products are direct to customers, independent manufacturing representatives, third-party distributors, and retailers. The segment serves a customer base in North America, Europe, and Asia.
Detection and Measurement Reportable Segment
Our Detection and Measurement reportable segment engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, bus fare collection systems, communication technologies, and obstruction lighting. The primary distribution channels for the segment’s products are direct to customers and third-party distributors. The segment serves a global customer base, with a strong presence in North America, Europe, Africa and Asia.
Corporate Expense
Corporate expense generally relates to the cost of our Charlotte, NC corporate headquarters.
Financial data for our reportable segments for the years ended December 31, 2021, 2020 and 2019 were as follows:
202120202019
Revenues:
HVAC reportable segment$752.1 $740.8 $738.7 
Detection and Measurement reportable segment467.4 387.3 384.9 
     Consolidated revenues$1,219.5 $1,128.1 $1,123.6 
Income:
HVAC reportable segment$104.2 $102.7 $103.2 
Detection and Measurement reportable segment69.7 69.1 81.7 
    Total income for segments173.9 171.8 184.9 
Corporate expense60.5 49.7 55.0 
Long-term incentive compensation expense12.8 13.1 12.6 
Impairment of goodwill and intangible assets5.7 0.7 — 
Special charges, net1.0 2.4 1.5 
Other operating expenses, net (1)
20.2 9.0 1.8 
     Consolidated operating income $73.7 $96.9 $114.0 
Capital expenditures:
HVAC reportable segment$5.3 $7.0 $8.7 
Detection and Measurement reportable segment3.4 2.7 2.3 
General corporate0.9 5.6 2.5 
     Total capital expenditures$9.6 $15.3 $13.5 
Depreciation and amortization:
HVAC reportable segment$11.5 $11.0 $8.2 
Detection and Measurement reportable segment28.0 17.6 13.2 
General corporate2.8 3.3 3.0 
     Total depreciation and amortization$42.3 $31.9 $24.4 
202120202019
Identifiable assets:
HVAC reportable segment$808.4 $632.2 $654.0 
Detection and Measurement reportable segment835.4 772.5 609.4 
General corporate and eliminations (2)
406.4 45.6 33.5 
Insurance recovery assets (3)
526.2 496.4 509.6 
Discontinued operations52.2 387.0 361.3 
     Total identifiable assets$2,628.6 $2,333.7 $2,167.8 
Geographic Areas:
Revenues: (4)
United States$991.5 $935.7 $972.7 
China57.9 41.7 31.1 
United Kingdom80.1 88.4 59.0 
Other90.0 62.3 60.8 
$1,219.5 $1,128.1 $1,123.6 
Tangible Long-Lived Assets:
United States$762.4 $695.6 $682.3 
Other37.8 26.8 41.4 
Long-lived assets of continuing operations800.2 722.4 723.7 
Long-lived assets of discontinued operations, DBT and Heat Transfer28.0 109.1 95.7 
Total tangible long-lived assets$828.2 $831.5 $819.4 
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(1)For 2021, includes charges of $26.3 for asbestos product liability matters related to products we no longer manufacture and $0.6 related to revisions to the liability associated with the contingent consideration for the Sensors & Software acquisition, partially offset by income of $6.7 related to the reduction of the liability associated with contingent consideration for the ECS acquisition. For 2020, includes charges of $9.4 for asbestos product liability matters, net of a gain of $0.4 related to revisions to estimates of certain liabilities retained in connection with the 2016 sale of the dry cooling business. For 2019, includes charges of $1.8 related to revisions to estimates of certain liabilities retained in connection with the 2016 sale of the dry cooling business.
(2)General corporate and eliminations is comprised of general corporate assets and includes elimination or netting of intercompany amounts, primarily related to certain deferred tax balances and cash management arrangements.

(3)Insurance recovery assets are associated with asbestos product liability matters. Refer to Note 15 for additional details.
(4)Revenues are included in the above geographic areas based on the country that recorded the revenue.