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Segment Information | 12 Months Ended
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Dec. 31, 2011
Segment Information [Abstract] |
Segment Information | NOTE 22 Segment Information NOTE 22 Segment Information In connection with the Distribution, we reorganized our businesses into four reportable segments: Industrial Process, Motion Technologies, ICS, and Control Technologies. The reportable segments are presented on the same basis in which management internally evaluates performance and allocates resources. All segment information has been reclassified based on our current segment structure. Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global infrastructure industries such as oil & gas, mining, power generation, chemical and other process markets and is an aftermarket service provider. Motion Technologies manufactures brake pad, shock absorber and damping technologies for the global automotive, truck, trailer and public bus and rail transportation markets. Interconnect Solutions manufactures a wide range of highly specialized connector products that make it possible to transfer signal and power in various electronic devices that are utilized in aerospace, industrial, defense and oil & gas markets. Control Technologies manufactures specialized equipment, including actuation, valves, switches, vibration isolation, custom-energy absorption, and regulators for the aerospace, military and industrial markets. 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 asbestos and environmental liabilities, that are managed at a corporate level and are not included in the segments in evaluating performance or allocating resources. Assets of the segments exclude general corporate assets, which principally consist of cash, company owned life insurance, deferred tax assets, insurance receivables and certain property, plant and equipment.
|  | REVENUE |  | OPERATING INCOME (LOSS) |  | OPERATING MARGIN
|  | 2011 |  | 2010 |  | 2009 |  | 2011 |  | 2010 |  | 2009 |  | 2011 |  | 2010 |  | 2009
Industrial Process |  |  | $ | 767 |  |  |  | $ | 694 |  |  |  | $ | 719 |  |  |  | $ | 91 |  |  |  | $ | 79 |  |  |  | $ | 72 |  |  |  |  | 11.9 | % |  |  |  | 11.4 | % |  |  |  | 10.0 | %
Motion Technologies |  |  |  | 634 |  |  |  |  | 548 |  |  |  |  | 491 |  |  |  |  | 85 |  |  |  |  | 85 |  |  |  |  | 48 |  |  |  |  | 13.4 | % |  |  |  | 15.5 | % |  |  |  | 9.8 | %
Interconnect Solutions |  |  |  | 418 |  |  |  |  | 413 |  |  |  |  | 341 |  |  |  |  | 38 |  |  |  |  | 37 |  |  |  |  | 19 |  |  |  |  | 9.1 | % |  |  |  | 9.0 | % |  |  |  | 5.6 | %
Control Technologies |  |  |  | 318 |  |  |  |  | 275 |  |  |  |  | 243 |  |  |  |  | 55 |  |  |  |  | 29 |  |  |  |  | 32 |  |  |  |  | 17.3 | % |  |  |  | 10.5 | % |  |  |  | 13.2 | %
Asbestos-related costs, net |  |  |  | – |  |  |  |  | – |  |  |  |  | – |  |  |  |  | (100 | ) |  |  |  | (385 | ) |  |  |  | (238 | ) |  |  |  | – |  |  |  |  | – |  |  |  |  | – |
Transformation costs |  |  |  | – |  |  |  |  | – |  |  |  |  | – |  |  |  |  | (396 | ) |  |  |  | – |  |  |  |  | – |  |  |  |  | – |  |  |  |  | – |  |  |  |  | – |
Eliminations / Corporate costs and Other |  |  |  | (18 | ) |  |  |  | (22 | ) |  |  |  | (24 | ) |  |  |  | (20 | ) |  |  |  | (29 | ) |  |  |  | (54 | ) |  |  |  | – |  |  |  |  | – |  |  |  |  | – |
Total |  |  | $ | 2,119 |  |  |  | $ | 1,908 |  |  |  | $ | 1,770 |  |  |  | $ | (247 | ) |  |  | $ | (184 | ) |  |  | $ | (121 | ) |  |  |  | (11.7 | )% |  |  |  | (9.6 | )% |  |  |  | (6.8 | )%
|  | TOTAL ASSETS |  | CAPITAL EXPENDITURES |  | DEPRECIATION AND AMORTIZATION
|  | 2011 |  | 2010 |  | 2011 |  | 2010 |  | 2009 |  | 2011 |  | 2010 |  | 2009
Industrial Process |  |  | $ | 624 |  |  |  | $ | 529 |  |  |  | $ | 25 |  |  |  | $ | 19 |  |  |  | $ | 13 |  |  |  | $ | 13 |  |  |  | $ | 11 |  |  |  | $ | 10 |
Motion Technologies |  |  |  | 431 |  |  |  |  | 383 |  |  |  |  | 33 |  |  |  |  | 28 |  |  |  |  | 37 |  |  |  |  | 27 |  |  |  |  | 25 |  |  |  |  | 25 |
Interconnect Solutions |  |  |  | 343 |  |  |  |  | 309 |  |  |  |  | 17 |  |  |  |  | 16 |  |  |  |  | 11 |  |  |  |  | 10 |  |  |  |  | 9 |  |  |  |  | 10 |
Control Technologies |  |  |  | 411 |  |  |  |  | 401 |  |  |  |  | 6 |  |  |  |  | 4 |  |  |  |  | 5 |  |  |  |  | 13 |  |  |  |  | 13 |  |  |  |  | 15 |
Corporate and Other |  |  |  | 1,862 |  |  |  |  | 1,671 |  |  |  |  | 22 |  |  |  |  | 60 |  |  |  |  | 26 |  |  |  |  | 11 |  |  |  |  | 8 |  |  |  |  | 5 |
Discontinued operations |  |  |  | – |  |  |  |  | 9,322 |  |  |  |  | – |  |  |  |  | – |  |  |  |  | – |  |  |  |  | – |  |  |  |  | – |  |  |  |  | – |
Total |  |  | $ | 3,671 |  |  |  | $ | 12,615 |  |  |  | $ | 103 |  |  |  | $ | 127 |  |  |  | $ | 92 |  |  |  | $ | 74 |  |  |  | $ | 66 |  |  |  | $ | 65 |
|  | REVENUE(a) |  | TOTAL ASSETS |  | PLANT, PROPERTY & EQUIPMENT, NET
Geographic Information |  | 2011 |  | 2010 |  | 2009 |  | 2011 |  | 2010 |  | 2011 |  | 2010
United States |  |  | $ | 792 |  |  |  | $ | 742 |  |  |  | $ | 710 |  |  |  | $ | 2,321 |  |  |  | $ | 2,247 |  |  |  | $ | 123 |  |  |  | $ | 111 |
Other developed markets(a)(b) |  |  |  | 728 |  |  |  |  | 663 |  |  |  |  | 594 |  |  |  |  | 941 |  |  |  |  | 721 |  |  |  |  | 121 |  |  |  |  | 115 |
Emerging markets |  |  |  | 599 |  |  |  |  | 503 |  |  |  |  | 466 |  |  |  |  | 409 |  |  |  |  | 325 |  |  |  |  | 80 |  |  |  |  | 74 |
Discontinued operations |  |  |  | – |  |  |  |  | – |  |  |  |  | – |  |  |  |  | – |  |  |  |  | 9,322 |  |  |  |  | – |  |  |  |  | – |
Total |  |  | $ | 2,119 |  |  |  | $ | 1,908 |  |  |  | $ | 1,770 |  |  |  | $ | 3,671 |  |  |  | $ | 12,615 |  |  |  | $ | 324 |  |  |  | $ | 299 |
(a) | Revenue to external customers is attributed to individual regions based upon the destination of product or service delivery. Germany represented 11.0%, 10.7% and 10.6% of total revenues for the years ended December 31, 2011, 2010 and 2009, respectively.
(b) | Luxembourg represented 12.6% and 1.9% of total assets, excluding assets of discontinued operations, at December 31, 2011 and 2010, respectively.
The following table provides revenue by product category, net of intercompany balances.
|  | 2011 |  | 2010 |  | 2009
Pumps and complementary products |  |  | $ | 692 |  |  |  | $ | 633 |  |  |  | $ | 650 |
Pump support and maintenance services |  |  |  | 67 |  |  |  |  | 52 |  |  |  |  | 57 |
Friction products |  |  |  | 524 |  |  |  |  | 446 |  |  |  |  | 386 |
Shock absorber equipment |  |  |  | 110 |  |  |  |  | 101 |  |  |  |  | 104 |
Connectors equipment |  |  |  | 413 |  |  |  |  | 405 |  |  |  |  | 335 |
CT Aerospace products |  |  |  | 193 |  |  |  |  | 165 |  |  |  |  | 148 |
CT Industrial products |  |  |  | 120 |  |  |  |  | 106 |  |  |  |  | 90 |
Total |  |  | $ | 2,119 |  |  |  | $ | 1,908 |  |  |  | $ | 1,770 |
No individual customer accounted for greater than 10% of consolidated ITT revenue during any of the three years presented.

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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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