XML 96 R14.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION 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: Motion Technologies, Industrial Process, and Connect & Control Technologies. 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. 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. Connect & Control Technologies manufactures harsh-environment connector solutions, critical energy absorption, flow control components, and composite materials 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 |  | Operating Margin
| 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Motion Technologies | $ | 1,241.8 |  |  | $ | 1,274.1 |  |  | $ | 1,176.0 |  |  | $ | 216.1 |  |  | $ | 223.4 |  |  | $ | 190.2 |  |  | 17.4 | % |  | 17.5 | % |  | 16.2 | %
Industrial Process | 943.8 |  |  | 827.1 |  |  | 807.2 |  |  | 104.7 |  |  | 91.4 |  |  | 65.8 |  |  | 11.1 | % |  | 11.1 | % |  | 8.2 | %
Connect & Control Technologies | 663.9 |  |  | 646.6 |  |  | 605.6 |  |  | 111.5 |  |  | 96.5 |  |  | 68.4 |  |  | 16.8 | % |  | 14.9 | % |  | 11.3 | %
Total segment results | 2,849.5 |  |  | 2,747.8 |  |  | 2,588.8 |  |  | 432.3 |  |  | 411.3 |  |  | 324.4 |  |  | 15.2 | % |  | 15.0 | % |  | 12.5 | %
Asbestos-related benefit (cost), net | — |  |  | — |  |  | — |  |  | 20.2 |  |  | (4.9 | ) |  | 19.9 |  |  | — |  |  | — |  |  | — |
(Loss) gain on sale or disposal of long-lived corporate assets | — |  |  | — |  |  | — |  |  | (0.2 | ) |  | 38.5 |  |  | — |  |  | — |  |  | — |  |  | — |
Eliminations / Other corporate costs | (3.1 | ) |  | (2.7 | ) |  | (3.5 | ) |  | (40.9 | ) |  | (47.6 | ) |  | (25.0 | ) |  | — |  |  | — |  |  | — |
Total Eliminations / Corporate and Other costs | (3.1 | ) |  | (2.7 | ) |  | (3.5 | ) |  | (20.9 | ) |  | (14.0 | ) |  | (5.1 | ) |  | — |  |  | — |  |  | — |
Total | $ | 2,846.4 |  |  | $ | 2,745.1 |  |  | $ | 2,585.3 |  |  | $ | 411.4 |  |  | $ | 397.3 |  |  | $ | 319.3 |  |  | 14.5 | % |  | 14.5 | % |  | 12.4 | %
| Assets |  | Capital Expenditures |  | Depreciation and Amortization
| 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Motion Technologies | $ | 1,178.2 |  |  | $ | 1,147.2 |  |  | $ | 57.7 |  |  | $ | 75.0 |  |  | $ | 79.1 |  |  | $ | 58.6 |  |  | $ | 57.2 |  |  | $ | 49.4 |
Industrial Process | 1,137.8 |  |  | 1,000.1 |  |  | 11.2 |  |  | 7.8 |  |  | 19.3 |  |  | 26.3 |  |  | 26.9 |  |  | 27.5 |
Connect & Control Technologies | 755.6 |  |  | 694.0 |  |  | 19.4 |  |  | 10.8 |  |  | 10.6 |  |  | 21.8 |  |  | 21.2 |  |  | 22.8 |
Corporate and Other | 1,036.1 |  |  | 1,005.5 |  |  | 3.1 |  |  | 1.9 |  |  | 4.3 |  |  | 6.7 |  |  | 4.1 |  |  | 5.6 |
Total | $ | 4,107.7 |  |  | $ | 3,846.8 |  |  | $ | 91.4 |  |  | $ | 95.5 |  |  | $ | 113.3 |  |  | $ | 113.4 |  |  | $ | 109.4 |  |  | $ | 105.3 |
The following table displays consolidated revenue by geographic region for the years ended December 31, 2019, 2018, and 2017. Revenue is attributed to individual regions based upon the destination of the product or service delivery.
For the Year Ended December 31, 2019 | Motion Technologies |  | Industrial Process |  | Connect & Control Technologies |  | Eliminations |  | Total
North America(a) | $ | 204.4 |  |  | $ | 558.7 |  |  | $ | 431.9 |  |  | $ | (2.9 | ) |  | $ | 1,192.1 |
Europe(b) | 780.5 |  |  | 89.7 |  |  | 125.9 |  |  | — |  |  | 996.1 |
Asia | 241.7 |  |  | 101.9 |  |  | 83.8 |  |  | (0.2 | ) |  | 427.2 |
Middle East and Africa | 2.3 |  |  | 114.1 |  |  | 16.3 |  |  | — |  |  | 132.7 |
South America | 12.9 |  |  | 79.4 |  |  | 6.0 |  |  | — |  |  | 98.3 |
Total | $ | 1,241.8 |  |  | $ | 943.8 |  |  | $ | 663.9 |  |  | $ | (3.1 | ) |  | $ | 2,846.4 |
For the Year Ended December 31, 2018 |  |  |  |  |  |  |  |  |
North America(a) | $ | 185.3 |  |  | $ | 483.6 |  |  | $ | 404.3 |  |  | $ | (2.4 | ) |  | $ | 1,070.8 |
Europe(b) | 807.6 |  |  | 60.3 |  |  | 132.9 |  |  | (0.1 | ) |  | 1,000.7 |
Asia | 265.5 |  |  | 81.6 |  |  | 84.5 |  |  | (0.2 | ) |  | 431.4 |
Middle East and Africa | 1.3 |  |  | 128.1 |  |  | 17.2 |  |  | — |  |  | 146.6 |
South America | 14.4 |  |  | 73.5 |  |  | 7.7 |  |  | — |  |  | 95.6 |
Total | $ | 1,274.1 |  |  | $ | 827.1 |  |  | $ | 646.6 |  |  | $ | (2.7 | ) |  | $ | 2,745.1 |
For the Year Ended December 31, 2017 |  |  |  |  |  |  |  |  |
North America(a) | $ | 163.2 |  |  | $ | 472.3 |  |  | $ | 376.6 |  |  | $ | (3.1 | ) |  | $ | 1,009.0 |
Europe(b) | 767.6 |  |  | 67.7 |  |  | 123.0 |  |  | (0.1 | ) |  | 958.2 |
Asia | 232.9 |  |  | 75.3 |  |  | 85.4 |  |  | (0.3 | ) |  | 393.3 |
Middle East and Africa | 1.5 |  |  | 115.5 |  |  | 13.5 |  |  | — |  |  | 130.5 |
South America | 10.8 |  |  | 76.4 |  |  | 7.1 |  |  | — |  |  | 94.3 |
Total | $ | 1,176.0 |  |  | $ | 807.2 |  |  | $ | 605.6 |  |  | $ | (3.5 | ) |  | $ | 2,585.3 |
(a) | Includes revenue of $989.4, $887.0, and $853.6, from the United States for 2019, 2018, and 2017, respectively.
(b) | Includes revenue of $391.2, $412.5, and $389.3, from Germany for 2019, 2018, and 2017, respectively.
The following table displays Plant, Property and Equipment, net by geographic region as of December 31, 2019, and 2018.
| 2019 |  |  | 2018 |
North America(a) | $ | 192.2 |  |  | $ | 193.4 |
Europe(b) | 250.0 |  |  | 228.3 |
Asia | 84.6 |  |  | 91.8 |
Middle East and Africa | 0.4 |  |  | 0.6 |
South America | 4.3 |  |  | 4.7 |
Total | $ | 531.5 |  |  | $ | 518.8 |
(a) | Includes $158.7 and $159.7, in the United States as of December 31, 2019 and 2018, respectively.
(b) Includes $95.7 and $101.0, in Italy as of December 31, 2019 and 2018, respectively.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration