(5) Information on Reportable Segments and Other Operating Segments

We are a global supplier of highly specialized, engineered solutions with operations in over 35 countries and sales in over 150 countries around the world. Many of our products and innovative solutions are playing a role in helping to meet rising global demand for power and energy and processed foods and beverages, particularly in emerging markets. In 2012, an estimated 30% of our revenues were from sales into emerging markets. Our key products include processing systems and equipment for the food and beverage industry, reciprocating pumps used in oil & gas processing, power transformers used by utility companies, and cooling systems for power plants.

We aggregate certain of our operating segments into our two reportable segments, Flow Technology and Thermal Equipment and Services, while our remaining operating segments, which do not meet the quantitative threshold criteria of the Segment Reporting Topic of the Codification, have been combined within our "All Other" category, which we refer to as Industrial Products and Services. This is not considered a reportable segment.

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 and distribution methods. In determining our segments, we apply the threshold criteria of the Segment Reporting Topic of the Codification to operating income or loss of each segment before considering impairment and special charges, pensions and postretirement expense, stock-based compensation and other indirect corporate expenses. This is consistent with the way our chief operating decision maker evaluates the results of each segment.

Revenues by reportable segment and our other operating segments and geographic area represent sales to unaffiliated customers, and no one customer or group of customers that, to our knowledge, are under common control accounted for more than 10% of our consolidated revenues for any period presented. Intercompany revenues among reportable segments and our other operating segments are not significant. Identifiable assets by reportable segment and for the other operating segments are those used in the respective operations of each. General corporate assets are principally cash, pension assets, deferred tax assets, certain prepaid expenses, fixed assets, and our 44.5% interest in the EGS Electrical Group, LLC and subsidiaries ("EGS") joint venture. See Note 9 to the consolidated financial statements for financial information relating to EGS.

Flow Technology Reportable Segment

Our Flow Technology segment designs, manufactures and markets products and solutions used to process, blend, filter, dry, meter and transport fluids with a focus on original equipment installation and turnkey projects as well as comprehensive aftermarket support services. Primary offerings include engineered pumps, valves, mixers, heat exchangers, and dehydration and filtration technologies. Global end markets, including food and beverage, power and energy and general industrial processing are served by core brands, such as SPX Flow Technology, APV, ClydeUnion, e&e, Seital, Lightnin, Waukesha Cherry-Burrell, Anhydro, Bran&Luebbe, Copes-Vulcan, Johnson Pump, M&J Valves, Plenty, Hankison, Gerstenberg Schröder, GD Engineering, Dollinger Filtration, Pneumatic Products, Delair, Deltech and Jemaco. Competitors in these diversified end markets include GEA Group AG, Flowserve, Alfa Laval AB, Sulzer and IDEX Corporation. Channels to market consist of stocking distributors, manufacturers' representatives and direct sales. The segment continues to focus on innovation and new product development, optimizing its global footprint while taking advantage of cross-product integration opportunities and increasing its competitive position in global end markets. Flow Technology's solutions focus on key business drivers, such as product flexibility, process optimization, sustainability and safety.

Thermal Equipment and Services Reportable Segment

Our Thermal Equipment and Services reportable segment engineers, manufactures and services thermal heat transfer products. Primary offerings include dry, evaporative and hybrid cooling systems, rotating and stationary heat exchangers and pollution control systems for the power generation, HVAC and industrial markets, as well as boilers and heating and ventilation products for the commercial and residential markets. The primary distribution channels for the Thermal Equipment and Services segment are direct to customers, independent manufacturing representatives, third-party distributors and retailers. The segment has a balanced presence geographically, with a strong presence in North America, Europe and South Africa.

Industrial Products and Services

Industrial Products and Services comprises operating segments that design, manufacture and market power systems, industrial tools and hydraulic units, precision machine components for the aerospace industry, television, radio and cell phone and data transmission broadcast antenna systems, communications and signal monitoring systems, fare collection systems, portable cable and pipe locators, and precision controlled industrial ovens and chambers. These operating segments continue to focus on global expansion opportunities.

Corporate Expense

Corporate expense generally relates to the cost of our Charlotte, NC corporate headquarters and our Asia Pacific center in Shanghai, China.

Financial data for our reportable segments and other operating segments, including the results of acquisitions from the dates of the respective acquisitions, for the years ended December 31, 2012, 2011 and 2010 were as follows:

	2012		2011		2010

Revenues:
Flow Technology reportable segment	$	2,682.2	$	2,042.0	$	1,662.2
Thermal Equipment and Services reportable segment		1,490.9		1,636.4		1,593.2
Industrial Products and Services		927.1		858.5		843.4

Total	$	5,100.2	$	4,536.9	$	4,098.8

Income:
Flow Technology reportable segment	$	285.1	$	268.4	$	215.6
Thermal Equipment and Services reportable segment		106.7		142.5		194.2
Industrial Products and Services		114.1		109.7		123.4

Total income for reportable and other operating segments		505.9		520.6		533.2
Corporate expense		108.8		105.9		98.4
Pension and postretirement expense		38.7		35.4		52.2
Stock-based compensation expense		39.4		39.2		29.9
Special charges, net		24.1		25.3		30.7
Impairment of goodwill and other long-term assets		285.9		28.3		1.7

Consolidated operating income	$	9.0	$	286.5	$	320.3

Capital expenditures:
Flow Technology reportable segment	$	25.6	$	59.6	$	23.2
Thermal Equipment and Services reportable segment		10.9		12.2		13.0
Industrial Products and Services		21.9		60.1		14.4
General corporate		25.9		15.1		20.3

Total	$	84.3	$	147.0	$	70.9

Depreciation and amortization:
Flow Technology reportable segment	$	63.8	$	41.1	$	36.5
Thermal Equipment and Services reportable segment		22.0		24.0		24.2
Industrial Products and Services		19.9		15.6		15.4
General corporate		6.1		7.0		5.8

Total	$	111.8	$	87.7	$	81.9

Identifiable assets:
Flow Technology reportable segment	$	3,611.2	$	3,359.9	$	2,098.0
Thermal Equipment and Services reportable segment		1,445.4		1,820.5		1,804.1
Industrial Products and Services		794.4		774.3		664.4
General corporate		1,279.1		705.5		729.2
Discontinued operations		—		731.6		697.6

Total	$	7,130.1	$	7,391.8	$	5,993.3

Geographic Areas:

Revenues:⁽¹⁾
United States	$	2,436.4	$	2,237.7	$	2,024.1
Germany		358.5		387.6		413.4
China		232.3		263.0		347.8
South Africa		322.4		281.4		241.5
United Kingdom		545.2		239.7		219.1
Other		1,205.4		1,127.5		852.9

	$	5,100.2	$	4,536.9	$	4,098.8

Tangible Long-Lived Assets:
United States	$	1,168.5	$	1,075.1	$	854.8
Other		310.2		283.5		238.6

Long-lived assets of continuing operations		1,478.7		1,358.6		1,093.4
Long-lived assets of discontinued operations		—		107.9		117.3

Total tangible long-lived assets	$	1,478.7	$	1,466.5	$	1,210.7

⁽¹⁾: Revenues are included in the above geographic areas based on the country that recorded the customer revenue.