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Segment Information
 3 Months Ended
Mar. 31, 2015
Segment Information  
Segment Information

 

Note 3—Segment Information

 

The Company’s operations are reported in the following segments:

 

Carlisle Construction Materials (“CCM” or the “Construction Materials segment”)—the principal products of this segment are insulation materials, rubber (EPDM), thermoplastic polyolefin (TPO), and polyvinyl chloride (PVC) roofing membranes used predominantly on non-residential low-sloped roofs, related roofing accessories, including flashings, fasteners, sealing tapes, coatings and waterproofing products. The markets served include new construction, re-roofing and maintenance of low-sloped roofs, water containment, HVAC sealants, and coatings and waterproofing.

 

Carlisle Interconnect Technologies (“CIT” or the “Interconnect Technologies segment”)—the principal products of this segment are high-performance wire, cable, connectors, contacts, and cable assemblies for the transfer of power and data primarily for the aerospace, medical, defense electronics, test and measurement equipment, and select industrial markets.

 

Carlisle Brake & Friction (“CBF” or the “Brake & Friction segment”)—the principal products of this segment include high-performance brakes and friction material, and clutch and transmission friction material for the construction, agriculture, mining, aerospace, and motor sports markets.

 

Carlisle FoodService Products (“CFSP” or the “FoodService Products segment”)—the principal products of this segment include commercial and institutional foodservice permanentware, table coverings, cookware, catering equipment, fiberglass and composite material trays and dishes, industrial brooms, brushes, mops, and rotary brushes for commercial and non-commercial foodservice operators and sanitary maintenance professionals.

 

Corporate EBIT includes other unallocated costs, primarily general corporate expenses. Corporate assets consist primarily of cash and cash equivalents, deferred taxes, corporate aircraft and other invested assets.

 

Unaudited financial information for continuing operations by reportable segment is included in the following summary:

 

Three Months Ended March 31,

 

2015

 

2014

 

(in millions)

 

Net Sales

 

EBIT

 

Assets

 

Net Sales

 

EBIT

 

Assets

 

Carlisle Construction Materials

 

$
371.3

 

$
36.7

 

$
912.4

 

$
347.4

 

$
31.9

 

$
897.0

 

Carlisle Interconnect Technologies

 
194.4

 
34.5

 
1,298.1

 
150.9

 
30.7

 
1,025.8

 

Carlisle Brake & Friction

 
86.4

 
8.2

 
589.6

 
92.2

 
9.2

 
609.8

 

Carlisle FoodService Products

 
57.2

 
5.4

 
200.5

 
59.9

 
7.1

 
204.1

 

Corporate

 

—

 
(18.4

)
750.4

 

—

 
(15.9

)
807.0

 

Total

 

$
709.3

 

$
66.4

 

$
3,751.0

 

$
650.4

 

$
63.0

 

$
3,543.7

 

 

A reconciliation of assets reported above to the amounts presented on the Condensed Consolidated Balance Sheet is as follows:

 

 

 

March 31,

 

March 31,

 

(in millions)

 

2015

 

2014

 

Assets per table above

 

$
3,751.0 

 

$
3,543.7 

 

Assets held for sale

 

—

 
2.2 

 

Total Assets per Consolidated Balance Sheet

 

$
3,751.0 

 

$
3,545.9