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Segment Information | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
Segment Information | 17. Segment Information The Company currently operates through four business segments that are aligned with the key end-markets they serve: Energy, Engineered Systems, Printing & Identification and Communication Technologies. Consistent with the requirements of segment reporting, the Company's operating segments are aligned with its operating and management reporting structure. The segment structure is intended to provide alignment and focus around its end-markets, allow for better leverage of its executive leadership talent and expertise, help improve the sharing and leveraging of resources within and between the four segments, enhance execution of business-specific strategies, and facilitate internal and external benchmarking against companies serving similar markets. The Energy segment provides highly-engineered solutions for the safe and efficient extraction and handling of oil and gas in the production, downstream and drilling markets. The Engineered Systems segment is comprised of two platforms, Refrigeration & Industrial and Fluid Solutions, which are industry leaders in the refrigeration and food equipment, industrial markets and fluids systems. The Printing & Identification segment provides integrated printing, coding, and dispensing solutions for the fast moving consumer goods and industrial markets. The Communication Technologies segment is engaged in the design and manufacture of innovative products and components in the consumer electronics, aerospace/defense, medical technology and telecommunication/other markets. Segment financial information and a reconciliation of segment results to consolidated results follows:
| Years Ended December 31,
| 2013 |  | 2012 |  | 2011
Revenue: |  |  |  |  |
Energy | $ | 2,296,454 |  |  | $ | 2,172,604 |  |  | $ | 1,900,749 |
Engineered Systems | 3,796,709 |  |  | 3,419,544 |  |  | 3,100,735 |
Printing & Identification | 1,021,775 |  |  | 996,531 |  |  | 1,008,236 |
Communication Technologies | 1,616,267 |  |  | 1,516,585 |  |  | 1,360,077 |
Intra-segment eliminations | (1,392 | ) |  | (925 | ) |  | (643 | )
Total consolidated revenue | $ | 8,729,813 |  |  | $ | 8,104,339 |  |  | $ | 7,369,154 |
Earnings from continuing operations: |  |  |  |  |
Segment earnings: |  |  |  |  |
Energy | $ | 552,800 |  |  | $ | 538,650 |  |  | $ | 450,637 |
Engineered Systems | 575,898 |  |  | 501,952 |  |  | 445,186 |
Printing & Identification | 152,618 |  |  | 135,159 |  |  | 141,561 |
Communication Technologies | 237,699 |  |  | 218,960 |  |  | 226,382 |
Total segments | 1,519,015 |  |  | 1,394,721 |  |  | 1,263,766 |
Corporate expense / other (1) | 160,861 |  |  | 136,009 |  |  | 137,979 |
Net interest expense | 120,742 |  |  | 121,141 |  |  | 115,525 |
Earnings before provision for income taxes and discontinued operations | 1,237,412 |  |  | 1,137,571 |  |  | 1,010,262 |
Provision for taxes | 271,607 |  |  | 304,452 |  |  | 237,076 |
Earnings from continuing operations | $ | 965,805 |  |  | $ | 833,119 |  |  | $ | 773,186 |
Operating margins: |  |  |  |  |
Energy | 24.1 | % |  | 24.8 | % |  | 23.7 | %
Engineered Systems | 15.2 | % |  | 14.7 | % |  | 14.4 | %
Printing & Identification | 14.9 | % |  | 13.6 | % |  | 14.0 | %
Communication Technologies | 14.7 | % |  | 14.4 | % |  | 16.6 | %
Total Segments | 17.4 | % |  | 17.2 | % |  | 17.1 | %
Earnings from continuing operations | 11.1 | % |  | 10.3 | % |  | 10.5 | %
Depreciation and amortization: |  |  |  |  |  |  |  |
Energy | $ | 107,344 |  |  | $ | 95,077 |  |  | $ | 77,819 |
Engineered Systems | 131,154 |  |  | 93,621 |  |  | 74,776 |
Printing & Identification | 30,782 |  |  | 33,602 |  |  | 33,482 |
Communication Technologies | 148,475 |  |  | 132,619 |  |  | 101,839 |
Corporate | 3,861 |  |  | 2,666 |  |  | 2,561 |
Consolidated total | $ | 421,616 |  |  | $ | 357,585 |  |  | $ | 290,477 |
Capital expenditures: |  |  |  |  |  |  |  |
Energy | $ | 67,954 |  |  | $ | 70,334 |  |  | $ | 74,953 |
Engineered Systems | 58,037 |  |  | 66,028 |  |  | 58,610 |
Printing & Identification | 8,964 |  |  | 6,255 |  |  | 10,391 |
Communication Technologies | 99,124 |  |  | 152,245 |  |  | 111,402 |
Corporate | 2,754 |  |  | 2,150 |  |  | 7,320 |
Consolidated total | $ | 236,833 |  |  | $ | 297,012 |  |  | $ | 262,676 |
(1) | Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, and various administrative expenses relating to the corporate headquarters. For the year ended December 31, 2013, one-time costs associated with the spin-off transaction totaling $30,093 are included.
Selected financial information by market segment (continued):
Total assets at December 31: | 2013 |  | 2012 |  | 2011
Energy | $ | 2,139,491 |  |  | $ | 2,020,349 |  |  | $ | 1,699,395 |
Engineered Systems | 3,518,038 |  |  | 3,378,005 |  |  | 2,247,532 |
Printing & Identification | 1,271,507 |  |  | 1,301,521 |  |  | 1,310,272 |
Communication Technologies | 2,655,430 |  |  | 2,538,644 |  |  | 2,471,918 |
Corporate (2) | 932,984 |  |  | 807,879 |  |  | 1,284,575 |
Total assets - continuing operations | 10,517,450 |  |  | 10,046,398 |  |  | 9,013,692 |
Assets from discontinued operations | 320,722 |  |  | 397,545 |  |  | 486,860 |
Consolidated total | $ | 10,838,172 |  |  | $ | 10,443,943 |  |  | $ | 9,500,552 |
(2) Corporate assets are principally cash and cash equivalents. Also included in corporate assets is a $20,000 note receivable related to proceeds from the sale of ECT in 2013, as well as an asset of $75,591 that represents the overfunded plan status of the U.S. defined benefit plan. Refer to Note 4. Disposed and Discontinued Operations and Note 15. Employee Benefit Plans, respectively, for additional information.
| Revenue |  | Long-Lived Assets
| Years Ended December 31, |  | At December 31,
| 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012
United States | $ | 4,562,958 |  |  | $ | 4,343,946 |  |  | $ | 3,923,118 |  |  | $ | 633,538 |  |  | $ | 656,006 |
Europe | 1,280,923 |  |  | 1,240,222 |  |  | 1,247,039 |  |  | 225,527 |  |  | 216,535 |
Other Americas | 852,559 |  |  | 793,556 |  |  | 771,239 |  |  | 50,197 |  |  | 51,096 |
Asia | 1,577,886 |  |  | 1,488,251 |  |  | 1,162,103 |  |  | 258,325 |  |  | 232,937 |
Other | 455,487 |  |  | 238,364 |  |  | 265,655 |  |  | 15,395 |  |  | 10,478 |
Consolidated total | $ | 8,729,813 |  |  | $ | 8,104,339 |  |  | $ | 7,369,154 |  |  | $ | 1,182,982 |  |  | $ | 1,167,052 |
Revenue is attributed to regions based on the location of the Company’s customer, which in some instances is an intermediary and not necessarily the end user. Long-lived assets are comprised of net property, plant and equipment. The Company’s businesses are based primarily in the United States of America, Asia, and Europe. The Company’s businesses serve thousands of customers, none of which accounted for more than 10% of consolidated revenue.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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