Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Segment Reporting Information, by Segment

The following table (in millions) sets forth summarized financial information by reportable business segment:



	Industrial		Aerospace		Other		Total Company
Sales
2016	$	824.2	$	406.5	$	—	$	1,230.8
2015	782.3		411.7		—		1,194.0
2014	822.1		440.0		—		1,262.0
Operating profit
2016	$	129.7	$	62.5	$	—	$	192.2
2015	103.0		65.4		—		168.4
2014	108.4		71.6		—		180.0
Assets
2016	$	1,356.1	$	647.8	$	133.7	$	2,137.5
2015	1,241.2		654.1		166.5		2,061.9
2014	1,282.0		655.0		136.9		2,073.9
Depreciation and amortization
2016	$	49.5	$	30.0	$	0.7	$	80.2
2015	46.0		30.8		1.3		78.2
2014	54.7		24.9		1.8		81.4
Capital expenditures
2016	$	25.9	$	21.1	$	0.5	$	47.6
2015	28.7		17.2		0.1		46.0
2014	36.1		20.9		0.4		57.4

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Notes:

One customer, General Electric, accounted for 17%, 18% and 19% of the Company’s total revenues in 2016, 2015 and 2014, 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 (in millions):



	2016			2015			2014
Operating profit	$	192.2		$	168.4		$	180.0
Interest expense	11.9			10.7			11.4
Other expense (income), net	(2.3		)	(0.2		)	2.1
Income from continuing operations before income taxes	$	182.6		$	157.9		$	166.5

Revenue from External Customers by Products and Services

The following table (in millions) summarizes total net sales of the Company by products and services:



	2016		2015		2014
Engineered Components Products	$	332.6	$	342.2	$	373.1
Molding Solutions Products	376.6		324.6		322.7
Nitrogen Gas Products	115.0		115.5		126.2
Aerospace Original Equipment Manufacturing Products	288.4		295.7		329.6
Aerospace Aftermarket Products and Services	118.2		116.0		110.4
Total net sales	$	1,230.8	$	1,194.0	$	1,262.0

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

The following table (in millions) summarizes total net sales of the Company by geographic area:



	Domestic		International		Other			Total Company
Sales
2016	$	562.6	$	727.4	$	(59.2	)	$	1,230.8
2015	589.6		661.7		(57.3		)	1,194.0
2014	618.9		677.6		(34.5		)	1,262.0
Long-lived assets
2016	$	368.2	$	1,135.5	$	—		$	1,503.6
2015	379.2		1,069.9		—			1,449.1
2014	380.6		1,094.9		—			1,475.4

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Notes:

Germany, with sales of $238.3 million, $210.5 million and $249.9 million in 2016, 2015 and 2014, 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 $449.9 million, $362.7 million and $410.0 million in 2016, 2015 and 2014, respectively, Singapore, with long-lived assets of $238.3 million, $246.4 million and $255.3 million in 2016, 2015 and 2014, respectively, Switzerland, with long-lived assets of $169.3 million, $167.0 million and $165.7 million in 2016, 2015 and 2014, respectively and China with long-lived assets of $151.7 million in 2014, represent the only international countries that exceeded 10% of the Company's total long-lived assets in those years.