XML 52 R38.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
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 section of Note 1 in the 2021 Annual Report. The following table contains financial information for each reportable segment:
Three Months EndedSix Months Ended
 June 30,June 30,
(in millions)2022202120222021
Revenue:
Water Infrastructure$589 $569 $1,122 $1,078 
Applied Water429 414 854 807 
Measurement & Control Solutions346 368 660 722 
Total$1,364 $1,351 $2,636 $2,607 
Operating Income (Loss):
Water Infrastructure$108 $93 $182 $164 
Applied Water61 64 120 130 
Measurement & Control Solutions(5)13 (15)22 
Corporate and other(18)(10)(30)(23)
Total operating income$146 $160 $257 $293 
Interest expense$12 $21 $25 $42 
Other non-operating income, net2 (3)1 (1)
Gain from sale of business 1 
Income before taxes$136 $138 $234 $252 
Depreciation and Amortization:
Water Infrastructure$14 $13 $27 $26 
Applied Water5 10 12 
Measurement & Control Solutions34 37 68 73 
Regional selling locations (a)4 9 
Corporate and other2 4 
Total$59 $62 $118 $124 
Capital Expenditures:
Water Infrastructure$13 $13 $30 $24 
Applied Water5 8 
Measurement & Control Solutions21 20 43 41 
Regional selling locations (b)5 10 
Corporate and other2 — 4 — 
Total$46 $41 $95 $80 
(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.