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Segment Information
 6 Months Ended
Jun. 30, 2012
Segment Information [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION

NOTE 17

SEGMENT INFORMATION

The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. Our four reportable segments are referred to as: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies.

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 friction materials, shock absorbers 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 actuators, valves, switches, vibration isolation devices, custom-energy absorption equipment, 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 segment results when 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, asbestos-related receivables and certain property, plant and equipment.

 

                                                 
    Revenue     Operating Income     Operating Margin  
Three Months Ended June 30   2012     2011     2012     2011     2012     2011  

Industrial Process

   $ 233.0     $ 200.5     $ 27.7     $ 29.2       11.9 %      14.6 % 

Motion Technologies

     155.1       164.4       20.2       21.7       13.0 %      13.2 % 

Interconnect Solutions

     99.9       108.6       5.5       15.3       5.5 %      14.1 % 

Control Technologies

     81.1       83.2       14.5       15.4       17.9 %      18.5 % 

Total segment results

   $ 569.1     $ 556.7     $ 67.9     $ 81.6       11.9 %      14.7 % 

Asbestos-related costs, net

     —       —       (9.7 )      (15.6 )      —       —  

Transformation costs(a)

     —       —       (3.4 )      (4.7 )      —       —  

Eliminations / Other corporate costs

     (1.6 )      (4.3 )      2.9       (14.7 )      —       —  

Total Eliminations / Corporate and Other costs

   $ (1.6 )    $ (4.3 )    $ (10.2 )    $ (35.0 )      —       —  

Total

   $ 567.5     $ 552.4     $ 57.7     $ 46.6       10.2 %      8.4 % 
       
    Revenue     Operating Income     Operating Margin  
Six Months Ended June 30   2012     2011     2012     2011     2012     2011  

Industrial Process

   $ 459.3     $ 368.2     $ 49.5     $ 50.2       10.8 %      13.6 % 

Motion Technologies

     335.3       348.1       47.5       49.4       14.2 %      14.2 % 

Interconnect Solutions

     192.8       216.9       7.4       26.6       3.8 %      12.3 % 

Control Technologies

     159.7       161.7       27.5       28.8       17.2 %      17.8 % 

Total segment results

   $ 1,147.1     $ 1,094.9     $   131.9     $   155.0       11.5 %      14.2 % 

Asbestos-related costs, net

     —       —       (22.3 )      (31.5 )      —       —  

Transformation costs(a)

     —       —       (7.1 )      (64.4 )      —       —  

Eliminations / Other corporate costs

     (2.7 )      (9.4 )      (8.3 )      (22.2 )      —       —  

Total Eliminations / Corporate and Other costs

   $ (2.7 )    $ (9.4 )    $ (37.7 )    $   (118.1)       —       —  

Total

   $   1,144.4     $   1,085.5     $ 94.2     $ 36.9       8.2 %      3.4 % 

 

 

                                                 
    Total Assets     Capital
Expenditures		     Depreciation &
Amortization		  
Six Months Ended June 30   2012     2011(b)     2012     2011     2012     2011  

Industrial Process

   $ 662.3     $ 633.8     $ 8.5     $ 5.1     $ 7.0     $ 6.4  

Motion Technologies

     453.4       430.7       15.1       12.2       13.2       13.2  

Interconnect Solutions

     356.0       342.7       3.1       4.5       4.9       4.8  

Control Technologies

     414.7       413.5       2.3       1.7       5.8       6.3  

Corporate and Other

     1,817.2       1,850.8       0.7       13.6       3.1       5.3  

Total

   $   3,703.6     $   3,671.5     $   29.7     $   37.1     $   34.0     $   36.0  

 

(a)

Excludes transformation costs of $1.0 and $2.2 reflected within total segment operating income for the three and six months ended June 30, 2012, respectively.

 

(b)

Amounts reflect balances as of December 31, 2011.