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Business Segment Information
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATION
Our business segments share a focus on industrial flow control technology and have a high number of common customers. These segments also have complementary product offerings and technologies that are often combined in applications that provide us a net competitive advantage. Our segments also benefit from our global footprint and our economies of scale in reducing administrative and overhead costs to serve customers more cost effectively.
We conduct our operations through two business segments based on type of product and how we manage the business:
FPD for custom, highly-engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services; and
FCD for engineered and industrial valves, control valves, actuators and controls and related services.
Our corporate headquarters does not constitute a separate division or business segment. Amounts classified as "Eliminations and All Other" include corporate headquarters costs and other minor entities that do not constitute separate segments. Intersegment sales and transfers are recorded at cost plus a profit margin, with the sales and related margin on such sales eliminated in consolidation.

The following is a summary of the financial information of our reportable segments as of and for the years ended December 31, 2020, 2019 and 2018 reconciled to the amounts reported in the consolidated financial statements.
  Subtotal—Reportable SegmentsEliminations and All OtherConsolidated Total
 FPDFCD
  (Amounts in thousands)
Year Ended December 31, 2020:     
Sales to external customers$2,673,705 $1,054,429 $3,728,134 $— $3,728,134 
Intersegment sales1,965 3,120 5,085 (5,085)— 
Segment operating income (loss)270,960 125,573 396,533 (146,256)250,277 
Depreciation and amortization52,390 21,949 74,339 26,414 100,753 
Identifiable assets3,039,069 1,308,136 4,347,205 967,472 5,314,677 
Capital expenditures21,714 14,043 35,757 21,648 57,405 
  Subtotal—Reportable SegmentsEliminations and All OtherConsolidated Total
 FPDFCD
(Amounts in thousands)
Year Ended December 31, 2019:     
Sales to external customers$2,704,445 $1,235,252 $3,939,697 $— $3,939,697 
Intersegment sales1,833 3,631 5,464 (5,464)— 
Segment operating income (loss)343,514 191,945 535,459 (148,836)386,623 
Depreciation and amortization50,845 23,577 74,422 31,482 105,904 
Identifiable assets2,974,161 1,333,926 4,308,087 630,190 4,938,277 
Capital expenditures26,450 14,449 40,899 34,817 75,716 
  Subtotal—Reportable SegmentsEliminations and All OtherConsolidated Total
 FPDFCD
(Amounts in thousands)
Year Ended December 31, 2018:     
Sales to external customers$2,620,488 $1,215,211 $3,835,699 $— $3,835,699 
Intersegment sales2,816 3,637 6,453 (6,453)— 
Segment operating income (loss)200,981 204,250 405,231 (177,530)227,701 
Depreciation and amortization68,148 26,585 94,733 17,740 112,473 
Identifiable assets2,768,879 1,269,435 4,038,314 611,055 4,649,369 
Capital expenditures40,648 14,458 55,106 28,887 83,993 
Geographic Information — We attribute sales to different geographic areas based on our facilities’ locations. Long-lived assets are classified based on the geographic area in which the assets are located and exclude deferred taxes, goodwill and intangible assets. Sales and long-lived assets by geographic area are as follows:
 Year Ended December 31, 2020
SalesPercentageLong-Lived
Assets(a)
Percentage
 (Amounts in thousands, except percentages)
United States$1,463,680 39.3 %$455,622 46.2 %
EMA(1)1,385,245 37.2 %336,577 34.1 %
Asia(2)535,440 14.4 %138,947 14.1 %
Other(3)343,769 9.1 %55,278 5.6 %
Consolidated total$3,728,134 100.0 %$986,424 100.0 %

 Year Ended December 31, 2019
SalesPercentageLong-Lived
Assets
Percentage
 (Amounts in thousands, except percentages)
United States$1,632,582 41.4 %$481,474 48.0 %
EMA(1)1,397,308 35.5 %312,668 31.2 %
Asia(2)551,759 14.0 %143,848 14.3 %
Other(3)358,048 9.1 %64,846 6.5 %
Consolidated total$3,939,697 100.0 %$1,002,836 100.0 %

 Year Ended December 31, 2018
SalesPercentageLong-Lived
Assets
Percentage
 (Amounts in thousands, except percentages)
United States$1,528,963 39.9 %$353,767 42.6 %
EMA(1)1,424,498 37.1 %280,549 33.8 %
Asia(2)539,898 14.1 %132,667 16.0 %
Other(3)342,340 8.9 %63,161 7.6 %
Consolidated total$3,835,699 100.0 %$830,144 100.0 %
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(1)"EMA" includes Europe, the Middle East and Africa. Germany accounted for approximately 7% for 2020, 6% for 2019 and 7% in 2018, of consolidated long-lived assets. No other individual country within this group represents 10% or more of consolidated totals for any period presented.
(2)"Asia" includes Asia and Australia. No individual country within this group represents 10% or more of consolidated totals for any period presented.
(3)"Other" includes Canada and Latin America. No individual country within this group represents 10% or more of consolidated totals for any period presented.
Net sales to international customers, including export sales from the U.S., represented approximately 65% of total sales in 2020 and 63% of total sales in both 2019 and 2018.
Major Customer Information — We have a large number of customers across a large number of manufacturing and service facilities and do not have sales to any individual customer that represent 10% or more of consolidated sales for any of the years presented.