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Information on Reportable and Other Operating Segments | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Information on Reportable and Other Operating Segments | Information on Reportable and Other Operating Segments We are a global supplier of highly specialized, engineered solutions with operations in 17 countries and sales in over 100 countries around the world. Our DBT and Heat Transfer operating segments are being reported in an “All Other” category for segment reporting purposes. We have aggregated our other operating segments into the following three reportable segments: HVAC, Detection and Measurement and Engineered Solutions. The factors considered in determining our aggregated segments are the economic similarity of the businesses, the nature of products sold or services provided, production processes, types of customers, distribution methods, and regulatory environment. In determining our reportable segments, we apply the threshold criteria of the Segment Reporting Topic of the Codification. Operating income or loss for each of our operating segments is determined before considering impairment and special charges, pension and postretirement expense/income, long-term incentive compensation, loss on sale of dry cooling business, certain other operating expenses, and other indirect corporate expenses. This is consistent with the way our Chief Operating Decision Maker evaluates the results of each segment. HVAC Reportable Segment Our HVAC reportable segment engineers, designs, manufactures, installs and services cooling products for the HVAC and industrial markets, as well as boilers, comfort heating and ventilation products for the residential and commercial markets. The primary distribution channels for the segment’s products are direct to customers, independent manufacturing representatives, third-party distributors, and retailers. The segment serves a customer base in North America, Europe, and Asia. Detection and Measurement Reportable Segment Our Detection and Measurement reportable segment engineers, designs, manufactures and installs underground pipe and cable locators, inspection and rehabilitation equipment, bus fare collection systems, communication technologies, and obstruction lighting. The primary distribution channels for the segment’s products are direct to customers and third-party distributors. The segment serves a global customer base, with a strong presence in North America, Europe, Africa and Asia Pacific. Engineered Solutions Reportable Segment Our Engineered Solutions reportable segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market and process cooling equipment for the industrial and power generation markets. The primary distribution channels for the segment’s products are direct to customers and third-party representatives. The segment has a strong presence in North America. All Other Our “All Other” group of operating segments engineer, design, manufacture, install and service equipment, including heat exchangers, for the industrial and power generation markets. The primary distribution channels for the group’s products are direct to customers and third-party representatives. These operating segments have a presence in North America and South Africa. Corporate Expense Corporate expense generally relates to the cost of our Charlotte, NC corporate headquarters. Financial data for our reportable segments and other operating segments for the years ended December 31, 2019, 2018 and 2017 were as follows:
| 2019 |  | 2018 |  | 2017
Revenues: |  |  |  |  |
HVAC reportable segment | $ | 593.2 |  |  | $ | 582.1 |  |  | $ | 511.0 |
Detection and Measurement reportable segment | 384.9 |  |  | 320.9 |  |  | 260.3 |
Engineered Solutions reportable segment | 548.9 |  |  | 537.0 |  |  | 560.7 |
All Other (1) | (1.6) |  |  | 98.6 |  |  | 93.8 |
Consolidated revenues | $ | 1,525.4 |  |  | $ | 1,538.6 |  |  | $ | 1,425.8 |
Income (loss): |  |  |  |  |
HVAC reportable segment | $ | 95.4 |  |  | $ | 90.0 |  |  | $ | 74.1 |
Detection and Measurement reportable segment | 81.7 |  |  | 72.4 |  |  | 63.4 |
Engineered Solutions reportable segment | 43.0 |  |  | 35.0 |  |  | 44.2 |
All Other (1)(2) | (46.1) |  |  | (18.9) |  |  | (56.8) |
Total income for segments | 174.0 |  |  | 178.5 |  |  | 124.9 |
Corporate expense | 46.7 |  |  | 48.5 |  |  | 46.2 |
Pension and postretirement expense | — |  |  | — |  |  | 0.3 |
Long-term incentive compensation expense | 13.6 |  |  | 15.5 |  |  | 15.8 |
Special charges, net | 4.0 |  |  | 6.3 |  |  | 2.7 |
Other operating expenses | 1.8 |  |  | — |  |  | — |
Loss on sale of dry cooling business | — |  |  | 0.6 |  |  | — |
Consolidated operating income | $ | 107.9 |  |  | $ | 107.6 |  |  | $ | 59.9 |
Capital expenditures: |  |  |  |  |
HVAC reportable segment | $ | 5.9 |  |  | $ | 2.7 |  |  | $ | 2.2 |
Detection and Measurement reportable segment | 2.3 |  |  | 1.9 |  |  | 0.8 |
Engineered Solutions reportable segment | 7.0 |  |  | 6.9 |  |  | 5.8 |
All Other | 0.1 |  |  | 0.1 |  |  | 0.3 |
General corporate | 2.5 |  |  | 0.8 |  |  | 1.9 |
Total capital expenditures | $ | 17.8 |  |  | $ | 12.4 |  |  | $ | 11.0 |
Depreciation and amortization: |  |  |  |  |
HVAC reportable segment | $ | 6.9 |  |  | $ | 5.4 |  |  | $ | 5.5 |
Detection and Measurement reportable segment | 13.2 |  |  | 8.4 |  |  | 4.1 |
Engineered Solutions reportable segment | 10.7 |  |  | 10.6 |  |  | 10.4 |
All Other | 0.7 |  |  | 1.8 |  |  | 2.1 |
General corporate | 3.0 |  |  | 3.0 |  |  | 3.1 |
Total depreciation and amortization | $ | 34.5 |  |  | $ | 29.2 |  |  | $ | 25.2 |
| 2019 |  | 2018 |  | 2017
Identifiable assets: |  |  |  |  |
HVAC reportable segment | $ | 852.0 |  |  | $ | 778.5 |  |  | $ | 747.1 |
Detection and Measurement reportable segment | 609.4 |  |  | 479.0 |  |  | 277.8 |
Engineered Solutions reportable segment | 392.9 |  |  | 422.4 |  |  | 466.2 |
All Other | 59.9 |  |  | 82.2 |  |  | 91.6 |
General corporate | 220.3 |  |  | 295.4 |  |  | 457.7 |
Total identifiable assets | $ | 2,134.5 |  |  | $ | 2,057.5 |  |  | $ | 2,040.4 |
Geographic Areas: |  |  |  |  |
Revenues: (3) |  |  |  |  |
United States | $ | 1,380.6 |  |  | $ | 1,317.5 |  |  | $ | 1,243.3 |
China | 31.1 |  |  | 38.5 |  |  | 28.0 |
South Africa (1) | (6.1) |  |  | 72.7 |  |  | 56.9 |
United Kingdom | 59.0 |  |  | 62.4 |  |  | 60.8 |
Other | 60.8 |  |  | 47.5 |  |  | 36.8 |
| $ | 1,525.4 |  |  | $ | 1,538.6 |  |  | $ | 1,425.8 |
Tangible Long-Lived Assets: |  |  |  |  |
United States | $ | 754.7 |  |  | $ | 837.4 |  |  | $ | 919.6 |
Other | 46.7 |  |  | 28.9 |  |  | 24.8 |
Total tangible long-lived assets | $ | 801.4 |  |  | $ | 866.3 |  |  | $ | 944.4 |
___________________________________________________________________ (1)As further discussed in Note 15, during the first and second quarter of 2019, the third quarter of 2018, and second and fourth quarters of 2017, we made revisions to our estimates of expected revenues and costs on our large power projects in South Africa. As a result of these revisions, we reduced 2019 revenues by $23.5 ($17.5 and $6.0 in the first and second quarters, respectively), 2018 revenues by $2.7, and 2017 revenues by $36.9 ($13.5 and $23.4 during the second and fourth quarters, respectively), and 2019 segment income by $23.5 ($17.5 and $6.0 in the first and second quarters, respectively), 2018 segment income by $4.7, and 2017 segment income by $52.8 ($22.9 and $29.9 in the second and fourth quarters, respectively). (2)During 2017, we settled a contract that had been suspended and then ultimately canceled by a customer of our Heat Transfer operating segment for cash proceeds of $9.0 and other consideration. In connection with the settlement, we recorded a gain of $10.2. (3)Revenues are included in the above geographic areas based on the country that recorded the customer revenue.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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