XML 31 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Information
Note 12 - Segment Information

The primary measurement used by management to measure the financial performance of each segment is EBIT (earnings before interest and taxes).
 
Three Months Ended
September 30,
Nine Months Ended
September 30,
 
2016
2015
2016
2015
Net sales:
 
 
 
 
Mobile Industries
$
353.1

$
396.4

$
1,104.1

$
1,178.0

Process Industries
304.3

311.0

910.9

979.9

 
$
657.4

$
707.4

$
2,015.0

$
2,157.9

 
 
 
 
 
Segment EBIT:
 
 
 
 
Mobile Industries
$
24.1

$
43.0

$
89.6

$
114.4

Process Industries
40.7

43.1

120.0

145.0

Total EBIT, for reportable segments
$
64.8

$
86.1

$
209.6

$
259.4

Unallocated corporate expenses
(12.2
)
(16.6
)
(37.4
)
(44.8
)
Unallocated pension settlement charges
(10.3
)
(3.6
)
(11.9
)
(223.2
)
Continued Dumping & Subsidy Offset Act income
(expense), net
(0.2
)
—

53.6

—

Interest expense
(8.0
)
(8.6
)
(25.1
)
(25.0
)
Interest income
0.4

0.6

1.1

2.0

Income (loss) before income taxes
$
34.5

$
57.9

$
189.9

$
(31.6
)