Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Segment Reporting Information, by Segment

The following tables (dollars shown in millions) set forth information about the Company’s operations by its reportable business segments and by geographic area.

Operations by Reportable Business Segment



	Industrial		Aerospace		Other		Total Company
Sales
2015	$	782.3	$	411.7	$	—	$	1,194.0
2014	822.1		440.0		—		1,262.0
2013	687.6		404.0		—		1,091.6
Operating profit
2015	$	103.0	$	65.4	$	—	$	168.4
2014	108.4		71.6		—		180.0
2013	71.9		51.3		—		123.2
Assets
2015	$	1,241.2	$	654.1	$	166.5	$	2,061.9
2014	1,282.0		655.0		136.9		2,073.9
2013	1,410.4		567.1		146.2		2,123.7
Depreciation and amortization
2015	$	46.0	$	30.8	$	1.3	$	78.2
2014	54.7		24.9		1.8		81.4
2013	38.4		23.2		3.5		65.1
Capital expenditures
2015	$	28.7	$	17.2	$	0.1	$	46.0
2014	36.1		20.9		0.4		57.4
2013	31.3		23.8		2.2		57.3

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Notes:

One customer, General Electric, accounted for 18%, 19% and 21% of the Company’s total revenues in 2015, 2014 and 2013, respectively.

“Other” assets include corporate-controlled assets, the majority of which are cash and deferred tax assets.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of the total reportable segments’ operating profit to income from continuing operations before income taxes follows:



	2015			2014		2013
Operating profit	$	168.4		$	180.0	$	123.2
Interest expense	10.7			11.4		13.1
Other (income) expense, net	(0.2		)	2.1		2.5
Income from continuing operations before income taxes	$	157.9		$	166.5	$	107.6

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Operations by Geographic Area



	Domestic		International		Other			Total Company
Sales
2015	$	589.6	$	661.7	$	(57.3	)	$	1,194.0
2014	618.9		677.6		(34.5		)	1,262.0
2013	593.3		524.1		(25.9		)	1,091.6
Long-lived assets
2015	$	379.2	$	1,069.9	$	—		$	1,449.1
2014	380.6		1,094.9		—			1,475.4
2013	330.2		1,214.0		—			1,544.2

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Notes:

Germany, with sales of $210.5 million, $249.9 million and $140.8 million in 2015, 2014 and 2013, respectively, represents the only international country with revenues in excess of 10% of the Company's total revenues.

“Other” revenues represent the elimination of intercompany sales between geographic locations, of which approximately 82% were sales from international locations to domestic locations.

Germany, with long-lived assets of $362.7 million, $410.0 million and $477.3 million in 2015, 2014 and 2013, respectively, Singapore, with long-lived assets of $246.4 million, $255.3 million and $255.3 million in 2015, 2014 and 2013, respectively, Switzerland, with long-lived assets of $167.0 million, $165.7 million and $193.8 million in 2015, 2014 and 2013, respectively and China with long-lived assets of $151.7 million and $156.4 million in 2014 and 2013, respectively, represent the only international countries that exceeded 10% of the Company's total long-lived assets in those years.