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SEGMENT INFORMATION | 9 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
SEGMENT INFORMATION | 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 brake pads, 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 the 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, defense 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, investments, asbestos-related receivables and certain property, plant and equipment.
| Revenue |  | Operating Income |  | Operating Margin
Three Months Ended September 30 | 2013 |  | 2012 |  | 2013 |  | 2012 |  | 2013 |  | 2012
Industrial Process | $ | 285.0 |  |  | $ | 239.9 |  |  | $ | 27.7 |  |  | $ | 30.6 |  |  | 9.7 | % |  | 12.8 | %
Motion Technologies | 176.8 |  |  | 151.1 |  |  | 24.8 |  |  | 18.6 |  |  | 14.0 | % |  | 12.3 | %
Interconnect Solutions | 103.9 |  |  | 90.8 |  |  | 10.8 |  |  | (0.9 | ) |  | 10.4 | % |  | (1.0 | )%
Control Technologies | 69.9 |  |  | 67.6 |  |  | 13.7 |  |  | 14.9 |  |  | 19.6 | % |  | 22.0 | %
Total segment results | 635.6 |  |  | 549.4 |  |  | 77.0 |  |  | 63.2 |  |  | 12.1 | % |  | 11.5 | %
Asbestos-related benefit (costs), net | — |  |  | — |  |  | 15.4 |  |  | (12.8 | ) |  | — |  |  | — |
Eliminations / Other corporate costs | (1.6 | ) |  | (1.9 | ) |  | (15.4 | ) |  | (13.7 | ) |  | — |  |  | — |
Total Eliminations / Corporate and Other costs | (1.6 | ) |  | (1.9 | ) |  | — |  |  | (26.5 | ) |  | — |  |  | — |
Total | $ | 634.0 |  |  | $ | 547.5 |  |  | $ | 77.0 |  |  | $ | 36.7 |  |  | 12.1 | % |  | 6.7 | %
| Revenue |  | Operating Income |  | Operating Margin
Nine Months Ended September 30 | 2013 |  | 2012 |  | 2013 |  | 2012 |  | 2013 |  | 2012
Industrial Process | $ | 810.5 |  |  | $ | 699.2 |  |  | $ | 78.3 |  |  | $ | 80.1 |  |  | 9.7 | % |  | 11.5 | %
Motion Technologies | 541.4 |  |  | 486.4 |  |  | 81.1 |  |  | 66.1 |  |  | 15.0 | % |  | 13.6 | %
Interconnect Solutions | 295.0 |  |  | 283.6 |  |  | 16.2 |  |  | 6.5 |  |  | 5.5 | % |  | 2.3 | %
Control Technologies | 208.7 |  |  | 209.2 |  |  | 43.5 |  |  | 42.0 |  |  | 20.8 | % |  | 20.1 | %
Total segment results | 1,855.6 |  |  | 1,678.4 |  |  | 219.1 |  |  | 194.7 |  |  | 11.8 | % |  | 11.6 | %
Asbestos-related costs, net | — |  |  | — |  |  | (16.5 | ) |  | (35.1 | ) |  | — |  |  | — |
Eliminations / Other corporate costs | (4.2 | ) |  | (4.9 | ) |  | (47.0 | ) |  | (29.2 | ) |  | — |  |  | — |
Total Eliminations / Corporate and Other costs | (4.2 | ) |  | (4.9 | ) |  | (63.5 | ) |  | (64.3 | ) |  | — |  |  | — |
Total | $ | 1,851.4 |  |  | $ | 1,673.5 |  |  | $ | 155.6 |  |  | $ | 130.4 |  |  | 8.4 | % |  | 7.8 | %
| Total Assets |  | Capital Expenditures |  | Depreciation & Amortization
Nine Months Ended September 30 | 2013 |  | 2012(a) |  | 2013 |  | 2012 |  | 2013 |  | 2012
Industrial Process | $ | 1,116.6 |  |  | $ | 1,044.8 |  |  | $ | 29.6 |  |  | $ | 14.0 |  |  | $ | 24.5 |  |  | $ | 10.4 |
Motion Technologies | 439.1 |  |  | 405.6 |  |  | 13.4 |  |  | 20.1 |  |  | 22.4 |  |  | 20.1 |
Interconnect Solutions | 377.5 |  |  | 362.6 |  |  | 6.6 |  |  | 5.2 |  |  | 7.8 |  |  | 7.4 |
Control Technologies | 347.8 |  |  | 347.0 |  |  | 2.7 |  |  | 2.9 |  |  | 7.4 |  |  | 7.0 |
Corporate and Other | 1,514.3 |  |  | 1,226.1 |  |  | 5.9 |  |  | 1.5 |  |  | 4.4 |  |  | 5.1 |
Total | $ | 3,795.3 |  |  | $ | 3,386.1 |  |  | $ | 58.2 |  |  | $ | 43.7 |  |  | $ | 66.5 |  |  | $ | 50.0 |
(a) | Amounts reflect balances as of December 31, 2012.
Assets of $56.0 and $14.9 as of December 31, 2012 have been reclassified from Motion Technologies and Control Technologies, respectively, to Corporate and Other related to the elimination of investments in ITT subsidiaries.

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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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: 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 3: 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 4: 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 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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 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 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: 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 11: 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 Reference 12: 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 13: 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 14: 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 + Details
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