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Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Financial information for each reportable segment

Additionally, we have Regional selling locations, which consist primarily of selling and marketing organizations and related support services, that offer products and services across our reportable segments. Corporate and other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, such as environmental matters, that are managed at a corporate level and are not included in the business segments in evaluating performance or allocating resources.

The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1 in the 2020 Annual Report). The following table contains financial information for each reportable segment:

			Three Months Ended												Six Months Ended
			June 30,												June 30,
(in millions)			2021						2020						2021						2020
Revenue:
Water Infrastructure			$	569					$	501					$	1,078					$	939
Applied Water			414						337						807						675
Measurement & Control Solutions			368						322						722						669
Total			$	1,351					$	1,160					$	2,607					$	2,283
Operating Income (Loss):
Water Infrastructure			$	93					$	73					$	164					$	112
Applied Water			64						41						130						88
Measurement & Control Solutions			13						(46)						22						(58)
Corporate and other			(10)						(14)						(23)						(27)
Total operating income			$	160					$	54					$	293					$	115
Interest expense			$	21					$	18					$	42					$	34
Other non-operating income (expense), net			(3)						(1)						(1)						(4)
Gain from sale of business			2						—						2						—
Income before taxes			$	138					$	35					$	252					$	77
Depreciation and Amortization:
Water Infrastructure			$	13					$	16					$	26					$	31
Applied Water			6						5						12						11
Measurement & Control Solutions			37						34						73						70
Regional selling locations (a)			4						7						9						11
Corporate and other			2						—						4						3
Total			$	62					$	62					$	124					$	126
Capital Expenditures:
Water Infrastructure			$	13					$	8					$	24					$	18
Applied Water			3						3						7						12
Measurement & Control Solutions			20						24						41						51
Regional selling locations (b)			5						8						8						12
Corporate and other			—						1						—						2
Total			$	41					$	44					$	80					$	95

(a)Depreciation and amortization expense incurred by the Regional selling locations was included in an overall allocation of Regional selling location costs to the segments; however, a certain portion of that expense was not specifically identified to a segment. That expense is captured in this Regional selling location line.

(b)Represents capital expenditures incurred by the Regional selling locations not allocated to the segments.

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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