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Segment Information | 9 Months Ended
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Sep. 30, 2011
Segment Information [Abstract] |
SEGMENT INFORMATION | NOTE 19 SEGMENT INFORMATION The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Defense & Information Solutions (Defense segment), Fluid Technology (Fluid segment), and Motion & Flow Control (Motion & Flow segment). 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 planned spinoff transaction, and asbestos and environmental matters, that are managed at a corporate level and are not included in the business segments in evaluating performance or allocating resources. Assets of the business segments exclude general corporate assets, which principally consist of cash, deferred tax assets, asbestos-related receivables, certain property, plant and equipment, and certain other assets. Defense – The businesses in this segment are those that directly serve the military and government agencies with products and services. Products include tactical communications equipment, electronic warfare and force protection equipment, radar systems, integrated structures equipment and imaging and sensor equipment, which include night vision goggles, as well as weather, location, surveillance and other related technologies. Services include air traffic management, information and cyber solutions, large-scale systems engineering and integration and defense technologies. The U.S. Government accounted for approximately 88% of Defense segment revenue during the three and nine month periods ended September 30, 2011 and 2010. Fluid – Our Fluid segment is a provider of water transport and wastewater treatment systems, pumps and related technologies, and other water and fluid control products with residential, commercial, and industrial applications. Motion & Flow – Our Motion & Flow segment comprises a group of businesses providing products and services for the areas of transportation, defense, aerospace, industrial, computer, telecommunications, medical, marine, and food & beverage. The Motion & Flow businesses primarily serve the high end of their markets, with highly engineered products, high brand recognition, a focus on new product development and operational excellence.
Three Months Ended September 30 |  |  | 2011 – Revenue |  |  | 2010 – Revenue |
|  |  | Product |  |  | Service |  |  | Total |  |  | Product |  |  | Service |  |  | Total |
Defense |  |  | $ | 744 |  |  | $ | 785 |  |  | $ | 1,529 |  |  | $ | 810 |  |  | $ | 556 |  |  | $ | 1,366 |
Fluid |  |  |  | 1,034 |  |  |  | 35 |  |  |  | 1,069 |  |  |  | 884 |  |  |  | 33 |  |  |  | 917 |
Motion & Flow |  |  |  | 384 |  |  |  | 2 |  |  |  | 386 |  |  |  | 361 |  |  |  | 2 |  |  |  | 363 |
Eliminations |  |  |  | (3 | ) |  |  | — |  |  |  | (3 | ) |  |  | (3 | ) |  |  | — |  |  |  | (3 | )
Total |  |  | $ | 2,159 |  |  | $ | 822 |  |  | $ | 2,981 |  |  | $ | 2,052 |  |  | $ | 591 |  |  | $ | 2,643 |
Nine Months Ended September 30 |  |  | 2011 – Revenue |  |  | 2010 – Revenue |
|  |  | Product |  |  | Service |  |  | Total |  |  | Product |  |  | Service |  |  | Total |
Defense |  |  | $ | 2,109 |  |  | $ | 2,265 |  |  | $ | 4,374 |  |  | $ | 2,538 |  |  | $ | 1,724 |  |  | $ | 4,262 |
Fluid |  |  |  | 3,035 |  |  |  | 134 |  |  |  | 3,169 |  |  |  | 2,498 |  |  |  | 96 |  |  |  | 2,594 |
Motion & Flow |  |  |  | 1,224 |  |  |  | 6 |  |  |  | 1,230 |  |  |  | 1,106 |  |  |  | 7 |  |  |  | 1,113 |
Eliminations |  |  |  | (8 | ) |  |  | — |  |  |  | (8 | ) |  |  | (9 | ) |  |  | — |  |  |  | (9 | )
Total |  |  | $ | 6,360 |  |  | $ | 2,405 |  |  | $ | 8,765 |  |  | $ | 6,133 |  |  | $ | 1,827 |  |  | $ | 7,960 |
|  |  | Operating Income |  |  | Operating Margin |
For the Periods Ended September 30 |  |  | 3M 2011 |  |  | 3M 2010 |  |  | 9M 2011 |  |  | 9M 2010 |  |  | 3M 2011 |  |  | 3M 2010 |  |  | 9M 2011 |  |  | 9M 2010 |
Defense |  |  | $ | 178 |  |  | $ | 178 |  |  | $ | 456 |  |  | $ | 513 |  |  |  | 11.6 | % |  |  | 13.0 | % |  |  | 10.4 | % |  |  | 12.0 | %
Fluid |  |  |  | 144 |  |  |  | 115 |  |  |  | 430 |  |  |  | 336 |  |  |  | 13.5 | % |  |  | 12.5 | % |  |  | 13.6 | % |  |  | 13.0 | %
Motion & Flow |  |  |  | 49 |  |  |  | 46 |  |  |  | 170 |  |  |  | 144 |  |  |  | 12.7 | % |  |  | 12.7 | % |  |  | 13.8 | % |  |  | 12.9 | %
Corporate and Other |  |  |  | (219 | ) |  |  | (371 | ) |  |  | (456 | ) |  |  | (456 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  | $ | 152 |  |  | $ | (32 | ) |  | $ | 600 |  |  | $ | 537 |  |  |  | 5.1 | % |  |  | (1.2 | )% |  |  | 6.8 | % |  |  | 6.7 | %
|  |  |  |  |  | Plant, Property & |  |  | Capital |  |  | Depreciation & |
|  |  | Total Assets |  |  | Equipment, Net |  |  | Expenditures |  |  | Amortization |
Nine Months Ended September 30 |  |  | 2011 |  |  | 2010(a) |  |  | 2011 |  |  | 2010(a) |  |  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
Defense |  |  | $ | 4,415 |  |  | $ | 4,149 |  |  | $ | 459 |  |  | $ | 434 |  |  | $ | 55 |  |  | $ | 73 |  |  | $ | 100 |  |  | $ | 99 |
Fluid |  |  |  | 4,763 |  |  |  | 4,055 |  |  |  | 502 |  |  |  | 518 |  |  |  | 83 |  |  |  | 50 |  |  |  | 109 |  |  |  | 69 |
Motion & Flow |  |  |  | 1,490 |  |  |  | 1,372 |  |  |  | 227 |  |  |  | 230 |  |  |  | 31 |  |  |  | 26 |  |  |  | 42 |  |  |  | 39 |
Corporate and Other |  |  |  | 4,420 |  |  |  | 2,862 |  |  |  | 26 |  |  |  | 23 |  |  |  | 17 |  |  |  | 25 |  |  |  | 6 |  |  |  | 7 |
Total |  |  | $ | 15,088 |  |  | $ | 12,438 |  |  | $ | 1,214 |  |  | $ | 1,205 |  |  | $ | 186 |  |  | $ | 174 |  |  | $ | 257 |  |  | $ | 214 |
(a) |  | Amounts reflect balances as of December 31, 2010.
The operations from one of our subsidiaries reported within the Fluid segment as of December 31, 2010 was reclassified during the first quarter of 2011 and is now reported within the Motion & Flow segment. Prior periods presented in the tables above have been retrospectively adjusted to reflect this change.

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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 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: 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 3: 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 4: 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 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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 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 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: 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 12: 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 13: 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 14: 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 15: 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 + Details
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