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52 Emerson > 2013 Annual Report
BUSINESS SEGMENTS
sales earnings total assets
2011 2012 2013 2011 2012 2013 2011 2012 2013
Process Management $ 7,000 7,899 8,610 1,402 1,599 1,809 5,915 6,607 6,878
Industrial Automation 5,294 5,188 4,885 830 871 777 3,818 3,619 3,606
Network Power 6,811 6,399 6,155 756 624 554 7,945 7,212 6,603
Climate Technologies 3,995 3,766 3,876 709 668 716 2,229 2,260 2,245
Commercial & Residential Solutions 1,837 1,877 1,865 375 396 404 1,271 1,155 1,153
24,937 25,129 25,391 4,072 4,158 4,260 21,178 20,853 20,485
Differences in accounting methods 231 226 221
Corporate and other (a) (b) (449) (1,045) (1,067) 2,683 2,965 4,226
Sales eliminations/Interest (715) (717) (722) (223) (224) (218)
Total $24,222 24,412 24,669 3,631 3,115 3,196 23,861 23,818 24,711
(a) Differences in corporate and other primarily reflect changes in incentive stock compensation expense, which increased $121 in 2013
due to changes in the Company’s stock price and the overlap of two incentive stock compensation programs (see Note 14), and
differences in goodwill and related charges.
(b) 2013 includes goodwill impairment charges of $528 related to the Network Power segment; 2012 includes a goodwill impairment
charge of $592 related to the Network Power segment; 2011 includes a goodwill impairment charge of $19 related to the Industrial
Automation segment (see Note 6).
depreciation and
intersegment sales amortization expense capital expenditures
2011 2012 2013 2011 2012 2013 2011 2012 2013
Process Management $ 7 13 6 198 198 201 194 228 276
Industrial Automation 640 619 631 148 138 145 138 134 124
Network Power 24 38 39 286 256 238 99 101 88
Climate Technologies 42 45 44 138 133 130 120 106 100
Commercial & Residential Solutions 2 2 2 57 53 53 35 46 40
Corporate and other 40 45 52 61 50 50
Total $715 717 722 867 823 819 647 665 678
GEOGRAPHIC
sales by destination property, plant and eQuipment
2011 2012 2013 2011 2012 2013
United States and Canada $10,773 10,980 10,964 1,869 1,918 1,969
Asia 5,636 5,790 5,888 583 592 518
Europe 5,271 4,946 4,841 714 689 772
Latin America 1,319 1,430 1,555 262 293 308
Middle East/Africa 1,223 1,266 1,421 9 17 38
Total $24,222 24,412 24,669 3,437 3,509 3,605
Sales in the U.S. were $10,000, $10,036 and $9,900 for 2013, 2012 and 2011, respectively, while Asia includes sales in
China of $3,122, $3,012 and $3,079, respectively. U.S.-located fixed assets were $1,952, $1,900 and $1,853.