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Reportable Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting, Measurement Disclosures [Abstract] |
Summary of segment description | The following table describes each segment:
Segment |  | Product or Services |  | Markets Served |  | Geographic Areas
Residential Heating & Cooling |  | Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts and supplies |  | Residential Replacement; Residential New Construction |  | United States Canada
Commercial Heating & Cooling |  | Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, and variable refrigerant flow commercial products |  | Light Commercial |  | United States Canada
Refrigeration |  | Condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, and compressorized racks |  | Light Commercial; Food Preservation; Non-Food/Industrial |  | United States Canada Europe
Net sales and segment profit (loss) and reconciliation of segment profit (loss) to income from continuing operations before income taxes | Net sales and segment profit (loss) for each segment, along with a reconciliation of segment profit (loss) to Operating income, are shown below (in millions):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net sales |  |  |  |  |  |  |
Residential Heating & Cooling | $ | 977.5 |  |  | $ | 838.0 |  |  | $ | 1,659.6 |  |  | $ | 1,444.2 |
Commercial Heating & Cooling | 219.6 |  |  | 252.8 |  |  | 407.3 |  |  | 452.0 |
Refrigeration | 169.2 |  |  | 148.2 |  |  | 312.8 |  |  | 273.2 |
| $ | 1,366.3 |  |  | $ | 1,239.0 |  |  | $ | 2,379.7 |  |  | $ | 2,169.4 |
Segment profit (loss) (1) |  |  |  |  |  |  |
Residential Heating & Cooling | $ | 216.3 |  |  | $ | 189.7 |  |  | $ | 324.0 |  |  | $ | 286.1 |
Commercial Heating & Cooling | 17.2 |  |  | 45.3 |  |  | 23.5 |  |  | 72.6 |
Refrigeration | 23.4 |  |  | 13.5 |  |  | 37.5 |  |  | 21.4 |
Corporate and other | (27.1) |  |  | (26.9) |  |  | (40.6) |  |  | (42.9) |
Total segment profit | 229.8 |  |  | 221.6 |  |  | 344.4 |  |  | 337.2 |
Reconciliation to Operating income: |  |  |  |  |  |  |
Items in Losses (gains) and other expenses, net that are excluded from segment profit (loss) (1) | 2.4 |  |  | 4.4 |  |  | 4.6 |  |  | 5.9 |
Restructuring charges | 0.5 |  |  | 1.2 |  |  | 1.0 |  |  | 1.3 |
Operating income | $ | 226.9 |  |  | $ | 216.0 |  |  | $ | 338.8 |  |  | $ | 330.0 |
(1) We define segment profit (loss) as a segment's operating income included in the accompanying Consolidated Statements of Operations, excluding: ◦The following items in Losses (gains) and other expenses, net: ▪Net change in unrealized losses (gains) on unsettled futures contracts, ▪Environmental liabilities and special litigation charges, ▪Charges incurred related to COVID-19 pandemic, and ▪Other items, net, ◦Special product quality adjustments, and ◦Restructuring charges.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + 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=123359005&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 (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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