v2.4.0.6
Segment Information
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Segment Information
Segment Information
Our business is organized into two segments: Water Infrastructure and Applied Water. The Water Infrastructure segment, comprising our Water Solutions (f/k/a Water & Wastewater) and Analytics operating units, focuses on the transportation, treatment and testing of water, offering a range of products including water and wastewater pumps, treatment and testing equipment, and controls and systems. The Applied Water segment, comprising our Residential & Commercial Water and Flow Control operating units, encompasses the uses of water and focuses on the residential, commercial, industrial and agricultural markets offering a wide range of products including pumps, valves, heat exchangers, controls and dispensing equipment. Corporate and other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, such as the Spin-off and environmental matters that are managed at a corporate level and are not included in the business segments in evaluating performance or allocating resources.
The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1 in the 2011 Annual Report). The following tables contain financial information for each reportable segment.
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(in millions)
2012
 
2011
 
2012
 
2011
Revenue:
 
 
 
 
 
 
 
Water Infrastructure
$
595

 
$
584

 
$
1,788

 
$
1,737

Applied Water
350

 
368

 
1,078

 
1,108

Eliminations
(14
)
 
(13
)
 
(44
)
 
(45
)
Total
$
931

 
$
939

 
$
2,822

 
$
2,800

Operating Income:
 
 
 
 
 
 
 
Water Infrastructure
$
85

 
$
87

 
$
253

 
$
245

Applied Water
43

 
37

 
135

 
133

Corporate and other
(17
)
 
(45
)
 
(49
)
 
(82
)
Total
$
111

 
$
79

 
$
339

 
$
296

Depreciation and Amortization:
 
 
 
 
 
 
 
Water Infrastructure
$
27

 
$
27

 
$
77

 
$
80

Applied Water
7

 
8

 
21

 
23

Corporate and other
2

 
1

 
5

 
1

Total
$
36

 
$
36

 
$
103

 
$
104

Capital Expenditures:
 
 
 
 
 
 
 
Water Infrastructure
$
18

 
$
19

 
$
59

 
$
60

Applied Water
6

 
6

 
19

 
16

Corporate and other
—

 
1

 
3

 
3

Total
$
24

 
$
26

 
$
81

 
$
79








The following table contains the total assets for each reportable segment.
 
 
Total Assets
(in millions)
September 30,
2012

 
December 31,
2011

Water Infrastructure
$
2,831

 
$
2,745

Applied Water
1,280

 
1,234

Corporate and other
485

 
414

Total
$
4,596

 
$
4,393



Corporate and other consists of items pertaining to our corporate headquarters function, which principally consist of cash, deferred tax assets, pension assets and certain property, plant and equipment.