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Information on Reportable and Other Operating Segments
 12 Months Ended
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:
201920182017
Revenues:
HVAC reportable segment$593.2  $582.1  $511.0  
Detection and Measurement reportable segment384.9  320.9  260.3  
Engineered Solutions reportable segment548.9  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 segment81.7  72.4  63.4  
Engineered Solutions reportable segment43.0  35.0  44.2  
All Other (1)(2)
(46.1) (18.9) (56.8) 
    Total income for segments174.0  178.5  124.9  
Corporate expense46.7  48.5  46.2  
Pension and postretirement expense—  —  0.3  
Long-term incentive compensation expense13.6  15.5  15.8  
Special charges, net4.0  6.3  2.7  
Other operating expenses1.8  —  —  
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 segment2.3  1.9  0.8  
Engineered Solutions reportable segment7.0  6.9  5.8  
All Other0.1  0.1  0.3  
General corporate2.5  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 segment13.2  8.4  4.1  
Engineered Solutions reportable segment10.7  10.6  10.4  
All Other 0.7  1.8  2.1  
General corporate3.0  3.0  3.1  
Total depreciation and amortization$34.5  $29.2  $25.2  
201920182017
Identifiable assets:
HVAC reportable segment$852.0  $778.5  $747.1  
Detection and Measurement reportable segment609.4  479.0  277.8  
Engineered Solutions reportable segment392.9  422.4  466.2  
All Other 59.9  82.2  91.6  
General corporate220.3  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  
China31.1  38.5  28.0  
South Africa (1)
(6.1) 72.7  56.9  
United Kingdom59.0  62.4  60.8  
Other60.8  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  
Other46.7  28.9  24.8  
Total tangible long-lived assets$801.4  $866.3  $944.4  
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(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.