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Segment Information | 12 Months Ended
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Dec. 31, 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 a provider of plant optimization and efficiency solutions and aftermarket services and parts. 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 and defense, industrial and transportation, oil & gas markets, and medical markets. Control Technologies manufactures specialized equipment, including actuation, valves, switches, vibration isolation, custom-energy absorption, and regulators for the aerospace and 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 (Loss) |  | Operating Margin
| 2013 |  |  | 2012 |  |  | 2011 |  |  | 2013 |  |  | 2012 |  |  | 2011 |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Industrial Process | $ | 1,107.4 |  |  | $ | 955.8 |  |  | $ | 766.7 |  |  | $ | 112.0 |  |  | $ | 99.3 |  |  | $ | 91.5 |  |  | 10.1 | % |  | 10.4 | % |  | 11.9 | %
Motion Technologies | 721.8 |  |  | 626.2 |  |  | 634.4 |  |  | 100.3 |  |  | 83.1 |  |  | 85.3 |  |  | 13.9 | % |  | 13.3 | % |  | 13.4 | %
Interconnect Solutions | 395.5 |  |  | 375.7 |  |  | 417.8 |  |  | 14.2 |  |  | 6.9 |  |  | 37.8 |  |  | 3.6 | % |  | 1.8 | % |  | 9.0 | %
Control Technologies | 278.2 |  |  | 277.1 |  |  | 285.5 |  |  | 55.3 |  |  | 58.3 |  |  | 55.2 |  |  | 19.9 | % |  | 21.0 | % |  | 19.3 | %
Total segment results | 2,502.9 |  |  | 2,234.8 |  |  | 2,104.4 |  |  | 281.8 |  |  | 247.6 |  |  | 269.8 |  |  | 11.3 | % |  | 11.1 | % |  | 12.8 | %
Asbestos-related costs, net | — |  |  | — |  |  | — |  |  | (32.8 | ) |  | (50.9 | ) |  | (100.4 | ) |  | — |  |  | — |  |  | — |
Transformation costs | — |  |  | — |  |  | — |  |  | (0.9 | ) |  | (8.7 | ) |  | (384.9 | ) |  | — |  |  | — |  |  | — |
Eliminations / Other corporate costs | (6.0 | ) |  | (7.0 | ) |  | (18.8 | ) |  | (64.5 | ) |  | (36.5 | ) |  | (29.4 | ) |  | — |  |  | — |  |  | — |
Total Eliminations / Corporate and Other costs | (6.0 | ) |  | (7.0 | ) |  | (18.8 | ) |  | (98.2 | ) |  | (96.1 | ) |  | (514.7 | ) |  | — |  |  | — |  |  | — |
Total | $ | 2,496.9 |  |  | $ | 2,227.8 |  |  | $ | 2,085.6 |  |  | $ | 183.6 |  |  | $ | 151.5 |  |  | $ | (244.9 | ) |  | 7.4 | % |  | 6.8 | % |  | (11.7 | )%
| Assets |  | Capital Expenditures |  | Depreciation and Amortization
| 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |  |  | 2011 |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Industrial Process | $ | 1,132.7 |  |  | $ | 1,044.8 |  |  | $ | 63.0 |  |  | $ | 35.0 |  |  | $ | 25.3 |  |  | $ | 31.0 |  |  | $ | 17.3 |  |  | $ | 13.0 |
Motion Technologies | 466.2 |  |  | 405.6 |  |  | 31.7 |  |  | 27.1 |  |  | 33.3 |  |  | 29.6 |  |  | 27.8 |  |  | 27.3 |
Interconnect Solutions | 364.6 |  |  | 362.6 |  |  | 15.6 |  |  | 11.2 |  |  | 16.6 |  |  | 10.6 |  |  | 10.0 |  |  | 9.7 |
Control Technologies | 344.7 |  |  | 347.0 |  |  | 5.7 |  |  | 6.1 |  |  | 5.3 |  |  | 10.0 |  |  | 9.3 |  |  | 10.3 |
Corporate and Other | 1,432.0 |  |  | 1,226.1 |  |  | 6.9 |  |  | 4.4 |  |  | 21.8 |  |  | 5.7 |  |  | 6.7 |  |  | 11.0 |
Total | $ | 3,740.2 |  |  | $ | 3,386.1 |  |  | $ | 122.9 |  |  | $ | 83.8 |  |  | $ | 102.3 |  |  | $ | 86.9 |  |  | $ | 71.1 |  |  | $ | 71.3 |
| Revenue(a)
Geographic Information | 2013 |  |  | 2012 |  |  | 2011 |
United States | $ | 896.2 |  |  | $ | 869.3 |  |  | $ | 779.6 |
Germany | 266.7 |  |  | 200.5 |  |  | 229.8 |
Other developed markets | 583.4 |  |  | 519.3 |  |  | 487.8 |
Other emerging growth markets | 750.6 |  |  | 638.7 |  |  | 588.4 |
Total | $ | 2,496.9 |  |  | $ | 2,227.8 |  |  | $ | 2,085.6 |
(a) | Revenue to external customers is attributed to individual regions based upon the destination of product or service delivery.
| Plant, Property & Equipment, Net
Geographic Information | 2013 |  |  | 2012 |
United States | $ | 151.0 |  |  | $ | 127.3 |
Italy | 78.7 |  |  | 78.4 |
Germany | 51.8 |  |  | 50.6 |
South Korea | 40.5 |  |  | 19.1 |
China | 31.3 |  |  | 20.5 |
Other developed markets | 22.0 |  |  | 21.1 |
Other emerging growth markets | 50.9 |  |  | 56.1 |
Total | $ | 426.2 |  |  | $ | 373.1 |
The following table provides revenue by product category, net of intercompany balances.
| 2013 |  |  | 2012 |  |  | 2011 |
Pumps and complementary products | $ | 1,010.8 |  |  | $ | 879.0 |  |  | $ | 692.3 |
Pump support and maintenance services | 96.6 |  |  | 76.8 |  |  | 66.7 |
Friction products | 619.6 |  |  | 517.6 |  |  | 524.1 |
Shock absorber equipment | 102.0 |  |  | 107.0 |  |  | 110.3 |
Connectors equipment | 394.9 |  |  | 375.4 |  |  | 412.7 |
CT Aerospace products | 192.6 |  |  | 185.4 |  |  | 192.2 |
CT Industrial products | 80.4 |  |  | 86.6 |  |  | 87.3 |
Total | $ | 2,496.9 |  |  | $ | 2,227.8 |  |  | $ | 2,085.6 |
During 2013 and 2012, a single customer accounted for 10.1% and 13.4% of consolidated ITT revenue, respectively. No individual customer accounted for more than 10% of consolidated ITT revenue during 2011.

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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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