Segment Information

12 Months Ended

Dec. 31, 2018

—Segment Information

The Company has organized its operations into four primary segments based on the products it sells, each of which represent a reportable segment as follows:

Carlisle Construction Materials (“CCM”)—the principal products of this segment are 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 and coatings and waterproofing products. CCM also manufactures and distributes energy-efficient rigid foam insulation panels for substantially all roofing applications. The markets served primarily include new construction, re-roofing and maintenance of low-sloped roofs, water containment, HVAC sealants and coatings and waterproofing. In addition, CCM offers a broad range of specialty polyurethane products and solutions across a broad diversity of markets and applications.

Carlisle Interconnect Technologies (“CIT”)—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 Fluid Technologies (“CFT”)—the principal products of this segment are industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings used in the transportation, general industrial, protective coating, wood, specialty and auto refinishing markets.

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

Summary financial information by reportable business segment follows:



(in millions)	Revenues		Operating Income (Loss)				Assets		Depreciation and Amortization		Capital Expenditures
2018
Carlisle Construction Materials	$	2,880.3	$	435.4			$	1,870.7	$	77.9	$	50.0
Carlisle Interconnect Technologies	933.8		117.3				1,446.4		58.3		27.2
Carlisle Fluid Technologies	291.6		37.1				678.0		22.9		11.5
Carlisle Brake & Friction	373.8		(0.8		)		446.6		23.5		22.4
Segment Total	4,479.5		589.0				4,441.7		182.6		111.1
Corporateand unallocated ⁽¹⁾	—		(80.0		)		807.5		2.9		1.5
Discontinued operations	—		—				—		5.1		8.1
Total	$	4,479.5	$	509.0			$	5,249.2	$	190.6	$	120.7
2017
Carlisle Construction Materials	2,336.2		421.9				1,898.6		41.9		61.0
Carlisle Interconnect Technologies	815.3		89.5				1,473.0		55.8		53.2
Carlisle Fluid Technologies	281.4		16.1				678.7		23.0		8.8
Carlisle Brake & Friction	317.9		2.6				433.8		23.0		26.8
Segment Total	3,750.8		530.1				4,484.1		143.7		149.8
Corporate and unallocated ⁽¹⁾	—		(66.1		)		346.4		2.6		1.2
Discontinued operations	—		—				469.3		22.8		8.9
Total	$	3,750.8	$	464.0			$	5,299.8	$	169.1	$	159.9
2016
Carlisle Construction Materials	$	2,052.6	$	430.3			$	891.6	$	35.6	$	24.9
Carlisle Interconnect Technologies	834.6		143.9				1,446.3		48.8		43.9
Carlisle Fluid Technologies	269.4		31.2				640.9		20.7		11.7
Carlisle Brake & Friction	268.6		(135.9		)	⁽²⁾	389.9		20.8		9.4
Segment Total	3,425.2		469.5				3,368.7		125.9		89.9
Corporate and unallocated⁽¹⁾	—		(65.3		)		391.0		2.8		10.7
Discontinued operations	—		—				206.1		9.1		8.2
Total	$	3,425.2	$	404.2			$	3,965.8	$	137.8	$	108.8


⁽¹⁾	Corporate operating loss includes other unallocated costs, primarily general corporate expenses. Corporate assets consist primarily of cash and cash equivalents, deferred taxes and other invested assets.


⁽²⁾	Includes impairment charges of $141.5 million. Refer to Note 12 for further discussion.

Geographic Area Information

Long‑lived assets, excluding deferred tax assets and intangible assets, by region follows:



(in millions)	December 31, 2018		December 31, 2017
United States	$	574.8	$	566.1
International:
Europe	99.3		83.4
Asia	42.7		46.6
Mexico and Latin America	30.8		36.0
United Kingdom	28.0		27.2
Other	0.5		0.5
Total long-lived assets	$	776.1	$	759.8

A summary of revenues based on the country to which the product was delivered and reconciliation of disaggregated revenue by segment follows:



	2018
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	2,552.6	$	634.0	$	116.9	$	157.8	$	3,461.3
International:
Europe	186.2		89.7		58.6		109.0		443.5
Asia	16.4		114.0		100.1		76.0		306.5
Canada	97.9		4.8		6.5		2.9		112.1
Mexico	4.1		48.2		5.4		14.3		72.0
Middle East and Africa	15.2		27.7		2.5		1.4		46.8
Other	7.9		15.4		1.6		12.4		37.3
Total international	327.7		299.8		174.7		216.0		1,018.2
Total revenues	$	2,880.3	$	933.8	$	291.6	$	373.8	$	4,479.5



	2017
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	2,080.5	$	537.8	$	110.1	$	132.0	$	2,860.4
International:
Europe	156.5		96.3		55.5		94.2		402.5
Asia	13.2		98.1		93.0		62.7		267.0
Canada	67.7		5.1		6.9		3.6		83.3
Mexico	2.1		46.6		9.5		12.9		71.1
Middle East and Africa	12.0		24.4		2.0		2.4		40.8
Other	4.2		7.0		4.4		10.1		25.7
Total international	255.7		277.5		171.3		185.9		890.4
Total revenues	$	2,336.2	$	815.3	$	281.4	$	317.9	$	3,750.8



	2016
(in millions)	CCM		CIT		CFT		CBF		Total
United States	$	1,837.7	$	541.7	$	104.6	$	120.0	$	2,604.0
International:
Europe	134.9		119.0		51.6		72.9		378.4
Asia	10.8		89.3		88.4		48.8		237.3
Canada	56.0		7.7		6.5		3.9		74.1
Mexico	3.6		46.3		10.8		11.6		72.3
Middle East and Africa	6.7		26.0		3.4		4.6		40.7
Other	2.9		4.6		4.1		6.8		18.4
Total international	214.9		292.9		164.8		148.6		821.2
Total revenues	$	2,052.6	$	834.6	$	269.4	$	268.6	$	3,425.2

Customer Information

Revenues from Beacon Roofing Supply, Inc. accounted for approximately 11.8% and 10.2% of the Company’s consolidated revenues during the years ended December 31, 2018 and 2016, respectively. Additionally, revenues from ABC Supply Co. accounted for approximately 10.4% of the Company's consolidated revenues during the year ended December 31, 2017. Sales to both of these customers originate in the CCM segment. No other customers accounted for 10.0% or more of the Company’s total revenues for the years ended December 31, 2018, 2017 and 2016.