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Information on Reportable Segments and Other Operating Segments (Tables) | 12 Months Ended
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Dec. 31, 2014
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 |
|  | 2014 |  | 2013 |  | 2012 |
Revenues: |  |  |  |  |  |  |  |  |  |
Flow Technology reportable segment |  | $ | 2,596.1 |  | $ | 2,638.0 |  | $ | 2,682.2 |
Thermal Equipment and Services reportable segment(1) |  |  | 1,329.9 |  |  | 1,344.2 |  |  | 1,490.9 |
Industrial Products and Services and Other |  |  | 795.1 |  |  | 791.1 |  |  | 721.5 |
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Total revenues |  | $ | 4,721.1 |  | $ | 4,773.3 |  | $ | 4,894.6 |
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Income: |  |  |  |  |  |  |  |  |  |
Flow Technology reportable segment |  | $ | 361.9 |  | $ | 308.3 |  | $ | 285.1 |
Thermal Equipment and Services reportable segment(1) |  |  | 52.4 |  |  | 81.9 |  |  | 106.7 |
Industrial Products and Services and Other |  |  | 107.8 |  |  | 119.9 |  |  | 99.3 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total income for reportable and other operating segments |  |  | 522.1 |  |  | 510.1 |  |  | 491.1 |
Corporate expense |  |  | 106.8 |  |  | 110.8 |  |  | 108.8 |
Pension and postretirement expense (income) |  |  | 113.8 |  |  | (17.7 | ) |  | 158.0 |
Stock-based compensation expense |  |  | 38.4 |  |  | 32.9 |  |  | 38.9 |
Impairment of goodwill and other long-term assets |  |  | 38.1 |  |  | 6.7 |  |  | 285.9 |
Special charges, net |  |  | 23.1 |  |  | 32.3 |  |  | 23.4 |
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Consolidated operating income (loss) |  | $ | 201.9 |  | $ | 345.1 |  | $ | (123.9 | )
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Capital expenditures: |  |  |  |  |  |  |  |  |  |
Flow Technology reportable segment |  | $ | 34.8 |  | $ | 21.0 |  | $ | 25.6 |
Thermal Equipment and Services reportable segment |  |  | 9.1 |  |  | 7.2 |  |  | 10.9 |
Industrial Products and Services and Other |  |  | 6.9 |  |  | 10.3 |  |  | 19.4 |
General corporate |  |  | 10.3 |  |  | 16.6 |  |  | 25.9 |
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Total capital expenditures |  | $ | 61.1 |  | $ | 55.1 |  | $ | 81.8 |
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Depreciation and amortization: |  |  |  |  |  |  |  |  |  |
Flow Technology reportable segment |  | $ | 62.8 |  | $ | 68.3 |  | $ | 63.8 |
Thermal Equipment and Services reportable segment |  |  | 20.3 |  |  | 22.5 |  |  | 22.0 |
Industrial Products and Services and Other |  |  | 15.2 |  |  | 15.9 |  |  | 15.9 |
General corporate |  |  | 10.9 |  |  | 8.4 |  |  | 6.1 |
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Total depreciation and amortization |  | $ | 109.2 |  | $ | 115.1 |  | $ | 107.8 |
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Identifiable assets: |  |  |  |  |  |  |  |  |  |
Flow Technology reportable segment |  | $ | 3,165.7 |  | $ | 3,526.8 |  | $ | 3,611.2 |
Thermal Equipment and Services reportable segment |  |  | 1,391.0 |  |  | 1,338.1 |  |  | 1,445.4 |
Industrial Products and Services and Other |  |  | 667.4 |  |  | 684.8 |  |  | 699.3 |
General corporate |  |  | 678.1 |  |  | 1,205.6 |  |  | 1,279.1 |
Discontinued operations |  |  | — |  |  | 100.9 |  |  | 95.1 |
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Total identifiable assets |  | $ | 5,902.2 |  | $ | 6,856.2 |  | $ | 7,130.1 |
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Geographic Areas: |  |  |  |  |  |  |  |  |  |
Revenues:(2) |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,233.9 |  | $ | 2,213.3 |  | $ | 2,230.8 |
United Kingdom |  |  | 452.0 |  |  | 499.6 |  |  | 545.2 |
Germany |  |  | 311.9 |  |  | 306.2 |  |  | 358.5 |
China |  |  | 278.4 |  |  | 235.9 |  |  | 232.3 |
South Africa |  |  | 137.3 |  |  | 266.3 |  |  | 322.4 |
Other |  |  | 1,307.6 |  |  | 1,252.0 |  |  | 1,205.4 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | $ | 4,721.1 |  | $ | 4,773.3 |  | $ | 4,894.6 |
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Tangible Long-Lived Assets: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 956.1 |  | $ | 1,260.1 |  | $ | 1,156.5 |
Other |  |  | 444.6 |  |  | 385.7 |  |  | 310.2 |
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Long-lived assets of continuing operations |  |  | 1,400.7 |  |  | 1,645.8 |  |  | 1,466.7 |
Long-lived assets of discontinued operations |  |  | — |  |  | 12.1 |  |  | 12.0 |
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Total tangible long-lived assets |  | $ | 1,400.7 |  | $ | 1,657.9 |  | $ | 1,478.7 |
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(1) | During 2014, the business environment surrounding our large power projects in South Africa became increasingly difficult. In addition, in January 2015, the end customer announced additional schedule delays for completing these projects. Against this background, we have incurred, and expect to incur, additional costs relating to the projects. We believe that a large portion of these costs is reimbursable by our subcontractors on the projects. However, certain of these subcontractors appear to be financially challenged and, as such, their ability to reimburse us is not reasonably assured. In consideration of these additional costs and the associated recoverability risk, we made revisions to expected revenues and costs on our large power projects in South Africa, resulting in a reduction in revenue and segment income during 2014 of $33.3.
(2) | Revenues are included in the above geographic areas based on the country that recorded the customer revenue.

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of income statement amounts and assets from reportable segments to the entity's consolidated assets and disclosure of revenues and long-lived assets by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References No definition available. + Details
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