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Segment Information
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
Our business has three reportable segments: Water Infrastructure, Applied Water and Measurement & Control Solutions. The Water Infrastructure segment focuses on the transportation and treatment of water, offering a range of products including water, wastewater and storm water pumps, treatment equipment, and controls and systems. The Applied Water segment serves many of the primary uses of water and focuses on the residential, commercial and industrial markets. The Applied Water segment's major products include pumps, valves, heat exchangers, controls and dispensing equipment. The Measurement & Control Solutions segment focuses on developing advanced technology solutions that enable intelligent use and conservation of critical water and energy resources as well as analytical instrumentation used in the testing of water. The Measurement & Control Solutions segment's major products include smart metering, networked communications, measurement and control technologies, critical infrastructure technologies, software and services including cloud-based analytics, remote monitoring and data management, leak detection and pressure monitoring solutions and testing equipment.
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 2022 Annual Report. The following table contains financial information for each reportable segment:
Three Months Ended
 March 31,
(in millions)20232022
Revenue:
Water Infrastructure$589 $533 
Applied Water453 425 
Measurement & Control Solutions406 314 
Total$1,448 $1,272 
Operating Income (Loss):
Water Infrastructure$70 $74 
Applied Water83 59 
Measurement & Control Solutions20 (10)
Corporate and other(42)(12)
Total operating income$131 $111 
Interest expense$9 $13 
Other non-operating income, net4 (1)
Gain from sale of business 
Income before taxes$126 $98 
Depreciation and Amortization:
Water Infrastructure$14 $13 
Applied Water5 
Measurement & Control Solutions34 34 
Regional selling locations (a)5 
Corporate and other2 
Total$60 $58 
Capital Expenditures:
Water Infrastructure$14 $17 
Applied Water8 
Measurement & Control Solutions18 21 
Regional selling locations (b)6 
Corporate and other3 
Total$49 $49 
(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.