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Segment Information | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION During the first quarter of 2017, we combined our former Interconnect Solutions and Control Technologies segments to form Connect & Control Technologies. All prior year segment information has been reclassified based on our current segment structure. The Company’s segments are reported on the same basis used by our chief operating decision maker, for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Industrial Process, Motion Technologies, and Connect & Control Technologies. Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, oil and gas, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts. Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets. Connect & Control Technologies manufactures harsh-environment connector solutions and critical energy absorption and flow control components for the aerospace and defense, general industrial, medical, and oil and gas 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, deferred taxes, and certain property, plant and equipment.
| Revenue |  | Operating Income (Loss) |  | Operating Margin
| 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Industrial Process | $ | 807.2 |  |  | $ | 830.1 |  |  | $ | 1,113.8 |  |  | $ | 59.5 |  |  | $ | 33.5 |  |  | $ | 141.2 |  |  | 7.4 | % |  | 4.0 | % |  | 12.7 | %
Motion Technologies | 1,176.0 |  |  | 983.4 |  |  | 767.2 |  |  | 190.0 |  |  | 171.4 |  |  | 126.4 |  |  | 16.2 | % |  | 17.4 | % |  | 16.5 | %
Connect & Control Technologies | 605.6 |  |  | 596.3 |  |  | 609.3 |  |  | 66.7 |  |  | 65.2 |  |  | 54.6 |  |  | 11.0 | % |  | 10.9 | % |  | 9.0 | %
Total segment results | 2,588.8 |  |  | 2,409.8 |  |  | 2,490.3 |  |  | 316.2 |  |  | 270.1 |  |  | 322.2 |  |  | 12.2 | % |  | 11.2 | % |  | 13.0 | %
Asbestos-related benefit, net | — |  |  | — |  |  | — |  |  | 19.9 |  |  | 25.6 |  |  | 91.4 |  |  | — |  |  | — |  |  | — |
Eliminations / Other corporate costs | (3.5 | ) |  | (4.4 | ) |  | (4.7 | ) |  | (26.4 | ) |  | (36.8 | ) |  | (33.5 | ) |  | — |  |  | — |  |  | — |
Total Eliminations / Corporate and Other costs | (3.5 | ) |  | (4.4 | ) |  | (4.7 | ) |  | (6.5 | ) |  | (11.2 | ) |  | 57.9 |  |  | — |  |  | — |  |  | — |
Total | $ | 2,585.3 |  |  | $ | 2,405.4 |  |  | $ | 2,485.6 |  |  | $ | 309.7 |  |  | $ | 258.9 |  |  | $ | 380.1 |  |  | 12.0 | % |  | 10.8 | % |  | 15.3 | %
| Assets |  | Capital Expenditures |  | Depreciation and Amortization
| 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |  |  | 2015 |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Industrial Process | $ | 1,025.7 |  |  | $ | 998.1 |  |  | $ | 19.3 |  |  | $ | 24.4 |  |  | $ | 20.4 |  |  | $ | 27.5 |  |  | $ | 27.9 |  |  | $ | 27.9 |
Motion Technologies | 1,140.4 |  |  | 838.4 |  |  | 79.1 |  |  | 73.5 |  |  | 39.3 |  |  | 49.4 |  |  | 43.2 |  |  | 32.4 |
Connect & Control Technologies | 694.8 |  |  | 678.4 |  |  | 10.6 |  |  | 11.7 |  |  | 23.7 |  |  | 22.8 |  |  | 24.3 |  |  | 23.4 |
Corporate and Other | 839.3 |  |  | 1,086.8 |  |  | 4.3 |  |  | 1.8 |  |  | 3.3 |  |  | 5.6 |  |  | 6.6 |  |  | 6.3 |
Total | $ | 3,700.2 |  |  | $ | 3,601.7 |  |  | $ | 113.3 |  |  | $ | 111.4 |  |  | $ | 86.7 |  |  | $ | 105.3 |  |  | $ | 102.0 |  |  | $ | 90.0 |
| Revenue(a)
Geographic Information | 2017 |  |  | 2016 |  |  | 2015 |
United States | $ | 853.6 |  |  | $ | 900.3 |  |  | $ | 941.1 |
Germany | 389.3 |  |  | 324.4 |  |  | 290.7 |
Other developed markets | 495.5 |  |  | 459.6 |  |  | 476.8 |
Other emerging markets | 846.9 |  |  | 721.1 |  |  | 777.0 |
Total | $ | 2,585.3 |  |  | $ | 2,405.4 |  |  | $ | 2,485.6 |
(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 | 2017 |  |  | 2016 |
United States | $ | 168.3 |  |  | $ | 181.6 |
Italy | 102.9 |  |  | 81.0 |
China | 52.1 |  |  | 40.2 |
Germany | 39.1 |  |  | 38.5 |
Mexico | 34.5 |  |  | 28.7 |
Czech Republic | 27.9 |  |  | 16.8 |
South Korea | 27.8 |  |  | 28.0 |
Other developed markets | 41.8 |  |  | 36.0 |
Other emerging markets | 27.3 |  |  | 13.7 |
Total | $ | 521.7 |  |  | $ | 464.5 |
The following table provides revenue by product category, net of intercompany balances.
| 2017 |  |  | 2016 |  |  | 2015 |
Pumps and complementary products | $ | 718.8 |  |  | $ | 745.1 |  |  | $ | 1,025.9 |
Pump support and maintenance services | 88.4 |  |  | 84.7 |  |  | 87.8 |
Brake component products | 979.7 |  |  | 873.4 |  |  | 656.7 |
Shock absorber equipment | 196.0 |  |  | 109.6 |  |  | 110.2 |
Connectors | 317.9 |  |  | 309.1 |  |  | 327.9 |
Aerospace control components | 223.1 |  |  | 220.8 |  |  | 210.7 |
Industrial control components | 61.4 |  |  | 62.7 |  |  | 66.4 |
Total | $ | 2,585.3 |  |  | $ | 2,405.4 |  |  | $ | 2,485.6 |
During 2017, 2016, and 2015, a single external customer accounted for 11.1%, 10.5%, and 9.1% of consolidated ITT revenue, respectively. The revenue from this customer is reported within the Motion Technologies segment.

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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