Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2018

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
2018	$	994.7	$	501.2	$	—	$	1,495.9
2017	973.9		462.6		—		1,436.5
2016	824.2		406.5		—		1,230.8
Operating profit
2018	$	130.4	$	101.4	$	—	$	231.8
2017	122.8		83.6		—		206.5
2016	131.8		62.5		—		194.3
Assets
2018	$	1,962.4	$	692.6	$	154.0	$	2,809.0
2017	1,505.4		667.1		193.3		2,365.7
2016	1,356.1		647.8		133.7		2,137.5
Depreciation and amortization
2018	$	57.6	$	35.9	$	0.8	$	94.2
2017	54.8		33.6		1.7		90.2
2016	49.5		30.0		0.7		80.2
Capital expenditures
2018	$	33.4	$	23.6	$	0.3	$	57.3
2017	31.0		27.5		0.2		58.7
2016	25.9		21.1		0.5		47.6

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Notes:

One customer, General Electric, accounted for 18%, 18% and 17% of the Company’s total revenues in 2018, 2017 and 2016, respectively.

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

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of the total reportable segments’ operating profit to income before income taxes follows (in millions):



	2018		2017			2016
Operating profit	$	231.8	$	206.5		$	194.3
Interest expense	16.8		14.6			11.9
Other expense (income), net	7.4		(3.8		)	(0.2		)
Income before income taxes	$	207.5	$	195.7		$	182.6

Revenue from External Customers by Products and Services

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



	2018		2017		2016
Engineered Components Products	$	285.9	$	292.2	$	283.4
Molding Solutions Products	503.8		487.3		376.6
Force & Motion Control Products	196.2		194.4		164.2
Automation Products	8.8		—		—
Aerospace Original Equipment Manufacturer Products	337.0		323.4		288.4
Aerospace Aftermarket Products and Services	164.2		139.2		118.2
Total net sales	$	1,495.9	$	1,436.5	$	1,230.8

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

The following table (in millions) summarizes total net sales and long-lived assets of the Company by geographic area:



	Domestic		International		Other			Total Company
Sales
2018	$	624.3	$	958.7	$	(87.1	)	$	1,495.9
2017	638.6		868.3		(70.4		)	1,436.5
2016	562.6		727.4		(59.2		)	1,230.8
Long-lived assets
2018	$	366.1	$	1,616.2	$	—		$	1,982.4
2017	366.7		1,218.1		—			1,584.8
2016	368.2		1,135.5		—			1,503.6

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Notes:

Germany, with sales of $331.4 million million, $301.7 million and $238.3 million in 2018, 2017 and 2016, respectively, and Singapore, with sales of $193.6 million in 2018 represent the only international countries with revenues in excess of 10% of the Company's total revenues in those years.

“Other” revenues represent the elimination of intercompany sales between geographic locations, of which approximately 72%, 78% and 82% were sales from international locations to domestic locations in 2018, 2017 and 2016, respectively.

Germany, with long-lived assets of $494.0 million, $514.0 million and $449.9 million as of December 31, 2018, 2017 and 2016, respectively, Singapore, with long-lived assets of $233.3 million, $237.6 million and $238.3 million as of December 31, 2018, 2017 and 2016, respectively, Italy, with long-lived assets of $412.0 million as of December 31, 2018, and Switzerland, with long-lived assets of $160.0 million and $169.3 million as of December 31, 2017 and 2016, respectively, represent the international countries with long-lived assets that exceeded 10% of the Company's total long-lived assets in those years.