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Segment Information
 12 Months Ended
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.