Exhibit 99
Segment Information for the three months ended March 31, 2014 and 2013
| | Three Months Ended | |
| | March 31, | |
| | 2014 | | | 2013 | |
Net Sales | | | | | | | | |
Aerospace | | $ | 3,851 | | | $ | 3,825 | |
Automation and Control Solutions | | | 3,362 | | | | 3,079 | |
Performance Materials and Technologies | | | 2,466 | | | | 2,424 | |
Total | | $ | 9,679 | | | $ | 9,328 | |
| | | | | | | | |
Segment Profit | | | | | | | | |
Aerospace | | $ | 703 | | | $ | 662 | |
Automation and Control Solutions | | | 471 | | | | 423 | |
Performance Materials and Technologies | | | 473 | | | | 474 | |
Corporate | | | (51 | ) | | | (51 | ) |
Total segment profit | | $ | 1,596 | | | $ | 1,508 | |
| | Three Months Ended | | | | |
| | March 31, | | | |
| | 2014 | | | 2013 | | | % Change |
Aerospace Sales | | | | | | | | | | | | |
Commercial: | | | | | | | | | | | | |
Original Equipment | | | | | | | | | | | | |
Air transport and regional | | $ | 440 | | | $ | 451 | | | | (2 | )% |
Business and general aviation | | | 244 | | | | 229 | | | | 7 | % |
Aftermarket | | | | | | | | | | | | |
Air transport and regional | | | 717 | | | | 700 | | | | 2 | % |
Business and general aviation | | | 365 | | | | 339 | | | | 8 | % |
Defense and Space | | | 1,092 | | | | 1,192 | | | | (8 | )% |
Transportation Systems | | | 993 | | | | 914 | | | | 9 | % |
Total Aerospace Sales | | | 3,851 | | | | 3,825 | | | | | |
| | | | | | | | | | | | |
Automation and Control Solutions Sales | | | | | | | | | | | | |
Energy Safety & Security | | | 2,301 | | | | 2,003 | | | | 15 | % |
Building Solutions & Distribution | | | 1,061 | | | | 1,076 | | | | (1 | )% |
Total Automation and Control Solutions Sales | | | 3,362 | | | | 3,079 | | | | | |
| | | | | | | | | | | | |
Performance Materials and Technologies | | | | | | | | | | | | |
UOP | | | 846 | | | | 775 | | | | 9 | % |
Process Solutions | | | 712 | | | | 707 | | | | 1 | % |
Advanced Materials | | | 908 | | | | 942 | | | | (4 | )% |
Total Performance Materials and Technologies Sales | | | 2,466 | | | | 2,424 | | | | | |
| | | | | | | | | | | | |
Net Sales | | $ | 9,679 | | | $ | 9,328 | | | | | |
Aerospace
| | Three Months Ended |
| | March 31, |
| | 2014 | | | 2013 | | | % Change |
Net sales | | $ | 3,851 | | | $ | 3,825 | | | | 1 | % |
Cost of products and services sold | | | 2,903 | | | | 2,931 | | | | | |
Selling, general and administrative expenses | | | 176 | | | | 165 | | | | | |
Other | | | 69 | | | | 67 | | | | | |
Segment profit | | $ | 703 | | | $ | 662 | | | | 6 | % |
| | 2014 vs. 2013 |
| | Three Months Ended |
| | March 31, |
Factors Contributing to Year-Over-Year Change | | Sales | | Segment Profit |
Organic growth/ Operational segment profit | | | 1 | % | | | 6 | % |
Total % Change | | | 1 | % | | | 6 | % |
Aerospace sales by major customer end-markets were as follows:
| | Three Months Ended March 31, |
| | | | | | | | % |
| | % of Aerospace | | Increase/ |
| | Sales | | (Decrease) |
Customer End-Markets | | 2014 | | 2013 | | in Sales |
Commercial Original Equipment | | | | | | | | | | | | |
Air transport and regional | | | 12 | % | | | 12 | % | | | (2 | )% |
Business and general aviation | | | 6 | % | | | 6 | % | | | 7 | % |
Commercial Original Equipment | | | 18 | % | | | 18 | % | | | 1 | % |
| | | | | | | | | | | | |
Commercial Aftermarket | | | | | | | | | | | | |
Air transport and regional | | | 19 | % | | | 18 | % | | | 2 | % |
Business and general aviation | | | 9 | % | | | 9 | % | | | 8 | % |
Commercial Aftermarket | | | 28 | % | | | 27 | % | | | 4 | % |
| | | | | | | | | | | | |
Defense and Space | | | 28 | % | | | 31 | % | | | (8 | )% |
| | | | | | | | | | | | |
Transportation Systems | | | 26 | % | | | 24 | % | | | 9 | % |
Total | | | 100 | % | | | 100 | % | | | 1 | % |
Segment Information for three and six months ended June 30, 2014 and 2013
| | Three Months Ended | | | Six Months Ended | |
| | June 30, | | | June 30, | |
| | 2014 | | | 2013 | | | 2014 | | | 2013 | |
Net Sales | | | | | | | | | | | | | | | | |
Aerospace | | $ | 4,010 | | | $ | 3,944 | | | $ | 7,861 | | | $ | 7,769 | |
Automation and Control Solutions | | | 3,607 | | | | 3,270 | | | | 6,969 | | | | 6,349 | |
Performance Materials and Technologies | | | 2,636 | | | | 2,479 | | | | 5,102 | | | | 4,903 | |
Total | | $ | 10,253 | | | $ | 9,693 | | | $ | 19,932 | | | $ | 19,021 | |
| | | | | | | | | | | | | | | | |
Segment Profit | | | | | | | | | | | | | | | | |
Aerospace | | $ | 759 | | | $ | 709 | | | $ | 1,462 | | | $ | 1,371 | |
Automation and Control Solutions | | | 533 | | | | 467 | | | | 1,004 | | | | 890 | |
Performance Materials and Technologies | | | 475 | | | | 438 | | | | 948 | | | | 912 | |
Corporate | | | (58 | ) | | | (55 | ) | | | (109 | ) | | | (106 | ) |
Total segment profit | | $ | 1,709 | | | $ | 1,559 | | | $ | 3,305 | | | $ | 3,067 | |
| | Three Months Ended | | | | | | Six Months Ended | | | | |
| | June 30, | | | | | June 30, | | | |
| | 2014 | | | 2013 | | | % change | | 2014 | | | 2013 | | | % change |
Aerospace Sales | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial: | | | | | | | | | | | | | | | | | | | | | | | | |
Original Equipment | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | $ | 460 | | | $ | 430 | | | | 7 | % | | $ | 900 | | | $ | 881 | | | | 2 | % |
Business and general aviation | | | 236 | | | | 264 | | | | (11 | )% | | | 480 | | | | 493 | | | | (3 | )% |
Aftermarket | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | | 747 | | | | 736 | | | | 1 | % | | | 1,464 | | | | 1,436 | | | | 2 | % |
Business and general aviation | | | 371 | | | | 374 | | | | (1 | )% | | | 736 | | | | 713 | | | | 3 | % |
Defense and Space | | | 1,177 | | | | 1,193 | | | | (1 | )% | | | 2,269 | | | | 2,385 | | | | (5 | )% |
Transportation Systems | | | 1,019 | | | | 947 | | | | 8 | % | | | 2,012 | | | | 1,861 | | | | 8 | % |
Total Aerospace Sales | | | 4,010 | | | | 3,944 | | | | | | | | 7,861 | | | | 7,769 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Automation and Control Solutions Sales | | | | | | | | | | | | | | | | | | | | | | | | |
Energy Safety & Security | | | 2,394 | | | | 2,081 | | | | 15 | % | | | 4,695 | | | | 4,084 | | | | 15 | % |
Building Solutions & Distribution | | | 1,213 | | | | 1,189 | | | | 2 | % | | | 2,274 | | | | 2,265 | | | | — | |
Total Automation and Control Solutions Sales | | | 3,607 | | | | 3,270 | | | | | | | | 6,969 | | | | 6,349 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Performance Materials and Technologies | | | | | | | | | | | | | | | | | | | | | | | | |
UOP | | | 828 | | | | 707 | | | | 17 | % | | | 1,674 | | | | 1,482 | | | | 13 | % |
Process Solutions | | | 786 | | | | 795 | | | | (1 | )% | | | 1,498 | | | | 1,502 | | | | — | |
Advanced Materials | | | 1,022 | | | | 977 | | | | 5 | % | | | 1,930 | | | | 1,919 | | | | 1 | % |
Total Performance Materials and Technologies Sales | | | 2,636 | | | | 2,479 | | | | | | | | 5,102 | | | | 4,903 | | | | | |
Net Sales | | $ | 10,253 | | | $ | 9,693 | | | | | | | $ | 19,932 | | | $ | 19,021 | | | | | |
Aerospace
| | Three Months Ended | | Six Months Ended |
| | June 30, | | June 30, |
| | 2014 | | | 2013 | | | % Change | | 2014 | | | 2013 | | | % Change |
Net sales | | $ | 4,010 | | | $ | 3,944 | | | | 2 | % | | $ | 7,861 | | | $ | 7,769 | | | | 1 | % |
Cost of products and services sold | | | 3,008 | | | | 2,987 | | | | | | | | 5,911 | | | | 5,918 | | | | | |
Selling, general and administrative expenses | | | 179 | | | | 185 | | | | | | | | 355 | | | | 350 | | | | | |
Other | | | 64 | | | | 63 | | | | | | | | 133 | | | | 130 | | | | | |
Segment profit | | $ | 759 | | | $ | 709 | | | | 7 | % | | $ | 1,462 | | | $ | 1,371 | | | | 7 | % |
| | 2014 vs. 2013 |
| | Three Months Ended | | Six Months Ended |
| | June 30, | | June 30, |
Factors Contributing to Year-Over-Year Change | | Sales | | | Segment Profit | | Sales | | | Segment Profit |
Organic growth/ Operational segment profit | | | 1 | % | | | 8 | % | | | 1 | % | | | 7 | % |
Other | | | 1 | % | | | (1 | )% | | | — | | | | — | |
Total % Change | | | 2 | % | | | 7 | % | | | 1 | % | | | 7 | % |
Aerospace sales by major customer end-markets were as follows:
| | Three Months Ended | | Six Months Ended |
| | June 30, | | June 30, |
| | | | | | | | % | | | | | | | | % |
| | % of Aerospace | | Increase/ | | % of Aerospace | | Increase/ |
| | Sales | | (Decrease) | | Sales | | (Decrease) |
Customer End-Markets | | 2014 | | 2013 | | in Sales | | 2014 | | 2013 | | in Sales |
Commercial Original Equipment | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | | 12 | % | | | 11 | % | | | 7 | % | | | 11 | % | | | 11 | % | | | 2 | % |
Business and general aviation | | | 6 | % | | | 7 | % | | | (11 | )% | | | 6 | % | | | 6 | % | | | (3 | )% |
Commercial Original Equipment | | | 18 | % | | | 18 | % | | | — | | | | 17 | % | | | 17 | % | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Commercial Aftermarket | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | | 19 | % | | | 19 | % | | | 1 | % | | | 19 | % | | | 19 | % | | | 2 | % |
Business and general aviation | | | 9 | % | | | 9 | % | | | (1 | )% | | | 9 | % | | | 9 | % | | | 3 | % |
Commercial Aftermarket | | | 28 | % | | | 28 | % | | | 1 | % | | | 28 | % | | | 28 | % | | | 2 | % |
| | | | | | | | | | | | | | | | | | | | | | | | |
Defense and Space | | | 29 | % | | | 30 | % | | | (1 | )% | | | 29 | % | | | 31 | % | | | (5 | )% |
| | | | | | | | | | | | | | | | | | | | | | | | |
Transportation Systems | | | 25 | % | | | 24 | % | | | 8 | % | | | 26 | % | | | 24 | % | | | 8 | % |
Total | | | 100 | % | | | 100 | % | | | 2 | % | | | 100 | % | | | 100 | % | | | 1 | % |
Segment Information for the three months ended March 31, 2013 and 2012
| | Three Months Ended March 31, | |
| | 2013 | | | 2012 | |
Net Sales | | | | | | | | |
Aerospace | | $ | 3,825 | | | $ | 3,904 | |
Automation and Control Solutions | | | 3,079 | | | | 3,066 | |
Performance Materials and Technologies | | | 2,424 | | | | 2,337 | |
Total | | $ | 9,328 | | | $ | 9,307 | |
| | | | | | | | |
Segment Profit | | | | | | | | |
Aerospace | | $ | 662 | | | $ | 654 | |
Automation and Control Solutions | | | 423 | | | | 401 | |
Performance Materials and Technologies | | | 474 | | | | 409 | |
Corporate | | | (51 | ) | | | (49 | ) |
Total Segment Profit | | $ | 1,508 | | | $ | 1,415 | |
| | Three Months Ended March 31, | | | |
| | 2013 | | | 2012 | | | % change |
Aerospace Sales | | | | | | | | | | | | |
Commercial: | | | | | | | | | | | | |
Original Equipment | | | | | | | | | | | | |
Air transport and regional | | $ | 451 | | | $ | 415 | | | | 9 | % |
Business and general aviation | | | 229 | | | | 256 | | | | (11 | )% |
Aftermarket | | | | | | | | | | | | |
Air transport and regional | | | 700 | | | | 728 | | | | (4 | )% |
Business and general aviation | | | 339 | | | | 347 | | | | (2 | )% |
Defense and Space | | | 1,192 | | | | 1,204 | | | | (1 | )% |
Transportation Systems | | | 914 | | | | 954 | | | | (4 | )% |
Total Aerospace Sales | | | 3,825 | | | | 3,904 | | | | | |
| | | | | | | | | | | | |
Automation and Control Solutions Sales | | | | | | | | | | | | |
Energy Safety & Security | | | 2,003 | | | | 1,972 | | | | 2 | % |
Building Solutions & Distribution | | | 1,076 | | | | 1,094 | | | | (2 | )% |
Total Automation and Control Solutions Sales | | | 3,079 | | | | 3,066 | | | | | |
| | | | | | | | | | | | |
Performance Materials and Technologies Sales | | | | | | | | | | | | |
UOP | | | 775 | | | | 579 | | | | 34 | % |
Process Solutions | | | 707 | | | | 722 | | | | (2 | )% |
Advanced Materials | | | 942 | | | | 1,036 | | | | (9 | )% |
Total Performance Materials and Technologies Sales | | | 2,424 | | | | 2,337 | | | | | |
Net Sales | | $ | 9,328 | | | $ | 9,307 | | | | | |
Aerospace
| | Three Months Ended March 31, |
| | 2013 | | | 2012 | | | % Change |
Net sales | | $ | 3,825 | | | $ | 3,904 | | | | (2 | )% |
Cost of products and services sold | | | 2,931 | | | | 2,991 | | | | | |
Selling, general and administrative expenses | | | 165 | | | | 191 | | | | | |
Other | | | 67 | | | | 68 | | | | | |
Segment profit | | $ | 662 | | | $ | 654 | | | | 1 | % |
| | 2013 vs. 2012 |
| | Three Months Ended |
| | March 31, |
Factors Contributing to Year-Over-Year Change | | Sales | | Segment Profit |
Organic growth/ Operational segment profit | | (2)% | | 1% |
Total % Change | | (2)% | | 1% |
Aerospace sales by major customer end-markets were as follows:
| | Three Months Ended |
| | March 31, |
| | % of Aerospace Sales | | % Increase/ (Decrease) |
Customer End-Markets | | 2013 | | 2012 | | in Sales |
Commercial Original Equipment | | | | | | | | | | | | |
Air transport and regional | | | 12 | % | | | 11 | % | | | 9 | % |
Business and general aviation | | | 6 | % | | | 6 | % | | | (11 | )% |
Commercial Original Equipment | | | 18 | % | | | 17 | % | | | 1 | % |
| | | | | | | | | | | | |
Commercial Aftermarket | | | | | | | | | | | | |
Air transport and regional | | | 18 | % | | | 19 | % | | | (4 | )% |
Business and general aviation | | | 9 | % | | | 9 | % | | | (2 | )% |
Commercial Aftermarket | | | 27 | % | | | 28 | % | | | (3 | )% |
| | | | | | | | | | | | |
Defense and Space | | | 31 | % | | | 31 | % | | | (1 | )% |
| | | | | | | | | | | | |
Transportation Systems | | | 24 | % | | | 24 | % | | | (4 | )% |
Total | | | 100 | % | | | 100 | % | | | (2 | )% |
Segment Information for the three and six months ended June 30, 2013 and 2012
| | Three Months Ended | | | Six Months Ended | |
| | June 30, | | | June 30, | |
| | 2013 | | | 2012 | | | 2013 | | | 2012 | |
Net Sales | | | | | | | | | | | | | | | | |
Aerospace | | $ | 3,944 | | | $ | 3,927 | | | $ | 7,769 | | | $ | 7,831 | |
Automation and Control Solutions | | | 3,270 | | | | 3,194 | | | | 6,349 | | | | 6,260 | |
Performance Materials and Technologies | | | 2,479 | | | | 2,314 | | | | 4,903 | | | | 4,651 | |
Total | | $ | 9,693 | | | $ | 9,435 | | | $ | 19,021 | | | $ | 18,742 | |
| | | | | | | | | | | | | | | | |
Segment Profit | | | | | | | | | | | | | | | | |
Aerospace | | $ | 709 | | | $ | 676 | | | $ | 1,371 | | | $ | 1,330 | |
Automation and Control Solutions | | | 467 | | | | 436 | | | | 890 | | | | 837 | |
Performance Materials and Technologies | | | 438 | | | | 439 | | | | 912 | | | | 848 | |
Corporate | | | (55 | ) | | | (58 | ) | | | (106 | ) | | | (107 | ) |
Total segment profit | | $ | 1,559 | | | $ | 1,493 | | | $ | 3,067 | | | $ | 2,908 | |
| | Three Months Ended June 30, | | | | | | Six Months Ended June 30, | | | |
| | 2013 | | | 2012 | | | % change | | 2013 | | | 2012 | | | % change |
Aerospace Sales | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial: | | | | | | | | | | | | | | | | | | | | | | | | |
Original Equipment | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | $ | 430 | | | $ | 407 | | | | 6 | % | | $ | 881 | | | $ | 822 | | | | 7 | % |
Business and general aviation | | | 264 | | | | 236 | | | | 12 | % | | | 493 | | | | 492 | | | | — | |
Aftermarket | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | | 736 | | | | 725 | | | | 2 | % | | | 1,436 | | | | 1,453 | | | | (1 | )% |
Business and general aviation | | | 374 | | | | 356 | | | | 5 | % | | | 713 | | | | 703 | | | | 1 | % |
Defense and Space | | | 1,193 | | | | 1,303 | | | | (8 | )% | | | 2,385 | | | | 2,507 | | | | (5 | )% |
Transportation Systems | | | 947 | | | | 900 | | | | 5 | % | | | 1,861 | | | | 1,854 | | | | — | |
Total Aerospace Sales | | | 3,944 | | | | 3,927 | | | | | | | | 7,769 | | | | 7,831 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Automation and Control Solutions Sales | | | | | | | | | | | | | | | | | | |
Energy Safety & Security | | | 2,081 | | | | 2,022 | | | | 3 | % | | | 4,084 | | | | 3,994 | | | | 2 | % |
Building Solutions & Distribution | | | 1,189 | | | | 1,172 | | | | 1 | % | | | 2,265 | | | | 2,266 | | | | — | |
Total Automation and Control Solutions Sales | | | 3,270 | | | | 3,194 | | | | | | | | 6,349 | | | | 6,260 | | | | | |
| | | | | | | | | | | | | | | | | | |
Performance Materials and Technologies | | | | | | | | | | | | | | | | | | |
UOP | | | 707 | | | | 508 | | | | 39 | % | | | 1,482 | | | | 1,087 | | | | 36 | % |
Process Solutions | | | 795 | | | | 768 | | | | 4 | % | | | 1,502 | | | | 1,490 | | | | 1 | % |
Advanced Materials | | | 977 | | | | 1,038 | | | | (6 | )% | | | 1,919 | | | | 2,074 | | | | (7 | )% |
Total Performance Materials and Technologies Sales | | | 2,479 | | | | 2,314 | | | | | | | | 4,903 | | | | 4,651 | | | | | |
Net Sales | | $ | 9,693 | | | $ | 9,435 | | | | | | | $ | 19,021 | | | $ | 18,742 | | | | | |
Aerospace | | | | | | |
| | | | | | |
| | Three Months Ended June 30, | | Six Months Ended June 30, |
| | 2013 | | | 2012 | | | % Change | | 2013 | | | 2012 | | | % Change |
Net sales | | $ | 3,944 | | | $ | 3,927 | | | | — | | | $ | 7,769 | | | $ | 7,831 | | | | (1 | )% |
Cost of products and services sold | | | 2,987 | | | | 2,995 | | | | | | | | 5,918 | | | | 5,986 | | | | | |
Selling, general and administrative expenses | | | 185 | | | | 193 | | | | | | | | 350 | | | | 384 | | | | | |
Other | | | 63 | | | | 63 | | | | | | | | 130 | | | | 131 | | | | | |
Segment profit | | $ | 709 | | | $ | 676 | | | | 5 | % | | $ | 1,371 | | | $ | 1,330 | | | | 3 | % |
| | 2013 vs. 2012 |
| | Three Months Ended | | Six Months Ended |
| | June 30, | | June 30, |
Factors Contributing to Year-Over-Year Change | | Sales | | Segment Profit | | | Sales | | | | Segment Profit | |
Organic growth/ Operational segment profit | | | — | | | | 5% | | | | (1)% | | | | 3% | |
Total % Change | | | — | | | | 5% | | | | (1)% | | | | 3% | |
Aerospace sales by major customer end-markets were as follows:
| | Three Months Ended | | Six Months Ended |
| | June 30, | | June 30, |
| | % of Aerospace Sales | | % Increase/ (Decrease) | | % of Aerospace Sales | | % Increase/ (Decrease) |
Customer End-Markets | | 2013 | | 2012 | | in Sales | | 2013 | | 2012 | | in Sales |
Commercial Original Equipment | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | | 11 | % | | | 10 | % | | | 6 | % | | | 11 | % | | | 10 | % | | | 7 | % |
Business and general aviation | | | 7 | % | | | 6 | % | | | 12 | % | | | 6 | % | | | 6 | % | | | — | |
Commercial Original Equipment | | | 18 | % | | | 16 | % | | | 8 | % | | | 17 | % | | | 16 | % | | | 5 | % |
| | | | | | | | | | | | | | | | | | | | | | | | |
Commercial Aftermarket | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | | 19 | % | | | 19 | % | | | 2 | % | | | 19 | % | | | 19 | % | | | (1 | )% |
Business and general aviation | | | 9 | % | | | 9 | % | | | 5 | % | | | 9 | % | | | 9 | % | | | 1 | % |
Commercial Aftermarket | | | 28 | % | | | 28 | % | | | 3 | % | | | 28 | % | | | 28 | % | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Defense and Space | | | 30 | % | | | 33 | % | | | (8 | )% | | | 31 | % | | | 32 | % | | | (5 | )% |
| | | | | | | | | | | | | | | | | | | | | | | | |
Transportation Systems | | | 24 | % | | | 23 | % | | | 5 | % | | | 24 | % | | | 24 | % | | | — | |
Total | | | 100 | % | | | 100 | % | | | — | | | | 100 | % | | | 100 | % | | | (1 | )% |
Segment Information for the three and nine months ended September 30, 2013 and 2012
| | Three Months Ended | | | Nine Months Ended | |
| | September 30, | | | September 30, | |
| | 2013 | | | 2012 | | | 2013 | | | 2012 | |
Net Sales | | | | | | | | | | | | | | | | |
Aerospace | | $ | 3,889 | | | $ | 3,906 | | | $ | 11,658 | | | $ | 11,737 | |
Automation and Control Solutions | | | 3,375 | | | | 3,197 | | | | 9,724 | | | | 9,457 | |
Performance Materials and Technologies | | | 2,383 | | | | 2,239 | | | | 7,286 | | | | 6,890 | |
Total | | $ | 9,647 | | | $ | 9,342 | | | $ | 28,668 | | | $ | 28,084 | |
| | | | | | | | | | | | | | | | |
Segment Profit | | | | | | | | | | | | | | | | |
Aerospace | | $ | 730 | | | $ | 686 | | | $ | 2,101 | | | $ | 2,016 | |
Automation and Control Solutions | | | 523 | | | | 478 | | | | 1,413 | | | | 1,315 | |
Performance Materials and Technologies | | | 413 | | | | 368 | | | | 1,325 | | | | 1,216 | |
Corporate | | | (51 | ) | | | (57 | ) | | | (157 | ) | | | (164 | ) |
Total segment profit | | $ | 1,615 | | | $ | 1,475 | | | $ | 4,682 | | | $ | 4,383 | |
| | Three Months Ended | | | | | | Nine Months Ended | | | | |
| | September 30, | | | | | September 30, | | | |
| | 2013 | | | 2012 | | | % change | | 2013 | | | 2012 | | | % change |
Aerospace Sales | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial: | | | | | | | | | | | | | | | | | | | | | | | | |
Original Equipment | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | $ | 415 | | | $ | 412 | | | | 1 | % | | $ | 1,296 | | | $ | 1,234 | | | | 5 | % |
Business and general aviation | | | 257 | | | | 240 | | | | 7 | % | | | 750 | | | | 732 | | | | 2 | % |
Aftermarket | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | | 754 | | | | 742 | | | | 2 | % | | | 2,190 | | | | 2,195 | | | | — | |
Business and general aviation | | | 393 | | | | 355 | | | | 11 | % | | | 1,106 | | | | 1,058 | | | | 5 | % |
Defense and Space | | | 1,154 | | | | 1,294 | | | | (11 | )% | | | 3,539 | | | | 3,801 | | | | (7 | )% |
Transportation Systems | | | 916 | | | | 863 | | | | 6 | % | | | 2,777 | | | | 2,717 | | | | 2 | % |
Total Aerospace Sales | | | 3,889 | | | | 3,906 | | | | | | | | 11,658 | | | | 11,737 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Automation and Control Solutions Sales | | | | | | | | | | | | | | | | | | | | | | | | |
Energy Safety & Security | | | 2,174 | | | | 2,004 | | | | 9 | % | | | 6,258 | | | | 5,998 | | | | 5 | % |
Building Solutions & Distribution | �� | | 1,201 | | | | 1,193 | | | | 1 | % | | | 3,466 | | | | 3,459 | | | | 1 | % |
Total Automation and Control Solutions Sales | | | 3,375 | | | | 3,197 | | | | | | | | 9,724 | | | | 9,457 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Performance Materials and Technologies | | | | | | | | | | | | | | | | | | | | | | | | |
UOP | | | 704 | | | | 542 | | | | 30 | % | | | 2,186 | | | | 1,629 | | | | 34 | % |
Process Solutions | | | 754 | | | | 761 | | | | (1 | )% | | | 2,256 | | | | 2,251 | | | | — | |
Advanced Materials | | | 925 | | | | 936 | | | | (1 | )% | | | 2,844 | | | | 3,010 | | | | (6 | )% |
Total Performance Materials and Technologies Sales | | | 2,383 | | | | 2,239 | | | | | | | | 7,286 | | | | 6,890 | | | | | |
Net Sales | | $ | 9,647 | | | $ | 9,342 | | | | | | | $ | 28,668 | | | $ | 28,084 | | | | | |
Aerospace
| | Three Months Ended | | Nine Months Ended |
| | September 30, | | September 30, |
| | 2013 | | | 2012 | | | % Change | | 2013 | | | 2012 | | | % Change |
Net sales | | $ | 3,889 | | | $ | 3,906 | | | | — | | | $ | 11,658 | | | $ | 11,737 | | | | (1 | )% |
Cost of products and services sold | | | 2,919 | | | | 2,969 | | | | | | | | 8,837 | | | | 8,955 | | | | | |
Selling, general and administrative expenses | | | 173 | | | | 186 | | | | | | | | 523 | | | | 570 | | | | | |
Other | | | 67 | | | | 65 | | | | | | | | 197 | | | | 196 | | | | | |
Segment profit | | $ | 730 | | | $ | 686 | | | | 6 | % | | $ | 2,101 | | | $ | 2,016 | | | | 4 | % |
| | 2013 vs. 2012 |
| | Three Months Ended | | Nine Months Ended |
| | September 30, | | September 30, |
Factors Contributing to Year-Over-Year Change | | Sales | | Segment Profit | | Sales | | Segment Profit |
Organic growth/ Operational segment profit | | | — | | | | 8 | % | | | (1 | )% | | | 4 | % |
Other | | | — | | | | (2 | )% | | | — | | | | — | |
Total % Change | | | — | | | | 6 | % | | | (1 | )% | | | 4 | % |
Aerospace sales by major customer end-markets were as follows:
| | Three Months Ended | | Nine Months Ended |
| | September 30, | | September 30, |
| | | | | | | | % | | | | | | | | % |
| | % of Aerospace | | Increase/ | | % of Aerospace | | Increase/ |
| | Sales | | (Decrease) | | Sales | | (Decrease) |
Customer End-Markets | | 2013 | | 2012 | | in Sales | | 2013 | | 2012 | | in Sales |
Commercial Original Equipment | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | | 11 | % | | | 11 | % | | | 1 | % | | | 11 | % | | | 11 | % | | | 5 | % |
Business and general aviation | | | 6 | % | | | 6 | % | | | 7 | % | | | 7 | % | | | 6 | % | | | 2 | % |
Commercial Original Equipment | | | 17 | % | | | 17 | % | | | 3 | % | | | 18 | % | | | 17 | % | | | 4 | % |
| | | | | | | | | | | | | | | | | | | | | | | | |
Commercial Aftermarket | | | | | | | | | | | | | | | | | | | | | | | | |
Air transport and regional | | | 19 | % | | | 19 | % | | | 2 | % | | | 19 | % | | | 19 | % | | | — | |
Business and general aviation | | | 10 | % | | | 9 | % | | | 11 | % | | | 9 | % | | | 9 | % | | | 5 | % |
Commercial Aftermarket | | | 29 | % | | | 28 | % | | | 5 | % | | | 28 | % | | | 28 | % | | | 1 | % |
| | | | | | | | | | | | | | | | | | | | | | | | |
Defense and Space | | | 30 | % | | | 33 | % | | | (11 | )% | | | 30 | % | | | 32 | % | | | (7 | )% |
| | | | | | | | | | | | | | | | | | | | | | | | |
Transportation Systems | | | 24 | % | | | 22 | % | | | 6 | % | | | 24 | % | | | 23 | % | | | 2 | % |
Total | | | 100 | % | | | 100 | % | | | — | | | | 100 | % | | | 100 | % | | | (1 | )% |
Segment Information for the years ended December 31, 2013 and 2012
| | 2013 | | | 2012 | |
Net Sales | | | | | | | | |
Aerospace | | $ | 15,735 | | | $ | 15,601 | |
Automation and Control Solutions | | | 13,465 | | | | 12,787 | |
Performance Materials and Technologies | | | 9,855 | | | | 9,277 | |
Total | | $ | 39,055 | | | $ | 37,665 | |
| | | | | | | | |
Segment Profit | | | | | | | | |
Aerospace | | $ | 2,870 | | | $ | 2,711 | |
Automation and Control Solutions | | | 1,983 | | | | 1,836 | |
Performance Materials and Technologies | | | 1,725 | | | | 1,550 | |
Corporate | | | (227 | ) | | | (218 | ) |
Total segment profit | | $ | 6,351 | | | $ | 5,879 | |
| | 2013 | | | 2012 | | | % Change |
Aerospace Sales | | | | | | | | | | | | |
Commercial: | | | | | | | | | | | | |
Original Equipment | | | | | | | | | | | | |
Air transport and regional | | $ | 1,716 | | | $ | 1,601 | | | | 7 | % |
Business and general aviation | | | 935 | | | | 967 | | | | (3 | )% |
Aftermarket | | | | | | | | | | | | |
Air transport and regional | | | 2,960 | | | | 2,947 | | | | — | |
Business and general aviation | | | 1,499 | | | | 1,417 | | | | 6 | % |
Defense and Space | | | 4,870 | | | | 5,108 | | | | (5 | )% |
Transportation Systems | | | 3,755 | | | | 3,561 | | | | 5 | % |
Total Aerospace Sales | | | 15,735 | | | | 15,601 | | | | | |
| | | | | | | | | | | | |
Automation and Control Solutions Sales | | | | | | | | | | | | |
Energy Safety & Security | | | 8,756 | | | | 8,123 | | | | 8 | % |
Building Solutions & Distribution | | | 4,709 | | | | 4,664 | | | | 1 | % |
Total Automation and Control Solutions Sales | | | 13,465 | | | | 12,787 | | | | | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
Performance Materials and Technologies Sales | | | | | | | | | | | | |
UOP | | | 2,962 | | | | 2,253 | | | | 31 | % |
Process Solutions | | | 3,091 | | | | 3,093 | | | | — | |
Advanced Materials | | | 3,802 | | | | 3,931 | | | | (3 | )% |
Total Performance Materials and Technologies Sales | | | 9,855 | | | | 9,277 | | | | | |
| | | | | | | | | | | | |
Net Sales | | $ | 39,055 | | | $ | 37,665 | | | | | |
Aerospace
| | 2013 | | | 2012 | | | Change |
Net sales | | $ | 15,735 | | | $ | 15,601 | | | | 1 | % |
Cost of products and services sold | | | 11,889 | | | | 11,863 | | | | | |
Selling, general and administrative expenses | | | 705 | | | | 763 | | | | | |
Other | | | 271 | | | | 264 | | | | | |
Segment profit | | $ | 2,870 | | | $ | 2,711 | | | | 6 | % |
| | 2013 vs. 2012 |
Factors Contributing to Year-Over-Year Change | | Sales | | Segment Profit |
Organic growth/ Operational segment profit | | | 1 | % | | | 6 | % |
Total % Change | | | 1 | % | | | 6 | % |
Aerospace sales by major customer end-markets were as follows:
| | % of Aerospace Sales | | % Increase (Decrease) |
Customer End-Markets | | 2013 | | 2012 | | in Sales |
Commercial Original Equipment | | | | | | | | | | | | |
Air transport and regional | | | 11 | % | | | 10 | % | | | 7 | % |
Business and general aviation | | | 6 | % | | | 6 | % | | | (3 | )% |
Commercial Original Equipment | | | 17 | % | | | 16 | % | | | 3 | % |
| | | | | | | | | | | | |
Commercial Aftermarket | | | | | | | | | | | | |
Air transport and regional | | | 19 | % | | | 19 | % | | | — | |
Business and general aviation | | | 9 | % | | | 9 | % | | | 6 | % |
Commercial Aftermarket | | | 28 | % | | | 28 | % | | | 2 | % |
| | | | | | | | | | | | |
Defense and Space | | | 31 | % | | | 33 | % | | | (5 | )% |
| | | | | | | | | | | | |
Transportation Systems | | | 24 | % | | | 23 | % | | | 5 | % |
Total | | | 100 | % | | | 100 | % | | | 1 | % |