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Information on Reportable Segments and Other Operating Segments (Tables)
 12 Months Ended
Dec. 31, 2013
Information on Reportable Segments and Other Operating Segments  
Schedule of reportable segments and other operating segments, including the results of acquisitions from the respective dates of acquisition

 

 

 
   2013   2012   2011  

Revenues:

                    

Flow Technology reportable segment

   $ 2,638.0   $ 2,682.2   $ 2,042.0  

Thermal Equipment and Services reportable segment

     1,344.2     1,490.9     1,636.4  

Industrial Products and Services and Other

     735.0     657.9     594.5  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total revenues

   $ 4,717.2   $ 4,831.0   $ 4,272.9  
               

Income:

                    

Flow Technology reportable segment

   $ 308.3   $ 285.1   $ 268.4  

Thermal Equipment and Services reportable segment

     81.9     106.7     142.5  

Industrial Products and Services and Other

     104.3     80.7     71.4  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total income for reportable and other operating segments

     494.5     472.5     482.3  

Corporate expense

     110.8     108.8     105.9  

Pension and postretirement expense (income)(1)

     (17.7 )   158.0     51.5  

Stock-based compensation expense

     32.8     38.8     38.6  

Impairment of goodwill and other long-term assets

     6.7     285.9     28.3  

Special charges, net

     32.3     23.4     21.0  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated operating income (loss)

   $ 329.6   $ (142.4 ) $ 237.0  
               

Capital expenditures:

                    

Flow Technology reportable segment

   $ 21.0   $ 25.6   $ 59.6  

Thermal Equipment and Services reportable segment

     7.2     10.9     12.2  

Industrial Products and Services and Other

     10.1     19.0     58.3  

General corporate

     16.6     25.9     15.1  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total capital expenditures

   $ 54.9   $ 81.4   $ 145.2  
               

Depreciation and amortization:

                    

Flow Technology reportable segment

   $ 68.3   $ 63.8   $ 41.1  

Thermal Equipment and Services reportable segment

     22.5     22.0     24.0  

Industrial Products and Services and Other

     15.6     15.7     10.6  

General corporate

     8.4     6.1     7.0  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total depreciation and amortization

   $ 114.8   $ 107.6   $ 82.7  
               

Identifiable assets:

                    

Flow Technology reportable segment

   $ 3,526.8   $ 3,611.2   $ 3,359.9  

Thermal Equipment and Services reportable segment

     1,338.1     1,445.4     1,820.5  

Industrial Products and Services and Other

     637.4     651.8     630.6  

General corporate

     1,205.6     1,279.1     705.5  

Discontinued operations

     148.3     142.6     875.3  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total identifiable assets

   $ 6,856.2   $ 7,130.1   $ 7,391.8  
               

Geographic Areas:

                    

Revenues:(2)

                    

United States

   $ 2,157.2   $ 2,167.2   $ 1,973.7  

Germany

     306.2     358.5     387.6  

China

     235.9     232.3     263.0  

South Africa

     266.3     322.4     281.4  

United Kingdom

     499.6     545.2     239.7  

Other

     1,252.0     1,205.4     1,127.5  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 4,717.2   $ 4,831.0   $ 4,272.9  
               

Tangible Long-Lived Assets:

                    

United States

   $ 1,255.9   $ 1,152.3   $ 1,058.6  

Other

     385.7     310.2     283.5  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Long-lived assets of continuing operations

     1,641.6     1,462.5     1,342.1  

Long-lived assets of discontinued operations

     16.3     16.2     124.4  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total tangible long-lived assets

   $ 1,657.9   $ 1,478.7   $ 1,466.5  
               
(1)
Reflects change in accounting methods for recognizing changes in the fair value of plan assets and actuarial gains and losses on pension and postretirement benefit plans (see Note 1), with the changes reported through retrospective application to all periods reported. Changes in the fair value of plan assets and actuarial gains (losses) recognized in pension and postretirement income (expense) totaled $0.8, $(149.9) and $(38.6) in 2013, 2012 and 2011, respectively.

(2)
Revenues are included in the above geographic areas based on the country that recorded the customer revenue.