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Reportable Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting, Measurement Disclosures [Abstract] |
Summary of segment description | The following table describes each segment:
Segment |  | Product or Services |  | Markets Served |  | Geographic Areas
Home Comfort Solutions |  | 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
Building Climate Solutions |  | Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial products, curb, curb adapters, drop box diffusers, HVAC recycling and salvage service, condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks |  | Light Commercial; Food Preservation; Non-Food Industry |  | United States Canada
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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net sales |  |  |  |  |  |  |
Home Comfort Solutions | $ | 982.3 |  |  | $ | 936.2 |  |  | $ | 1,656.9 |  |  | $ | 1,617.2 |
Business Climate Solutions | 468.8 |  |  | 407.5 |  |  | 841.3 |  |  | 716.1 |
Corporate and Other (1) | — |  |  | 67.7 |  |  | — |  |  | 127.4 |
| $ | 1,451.1 |  |  | $ | 1,411.4 |  |  | $ | 2,498.2 |  |  | $ | 2,460.7 |
Segment profit (loss) (2) |  |  |  |  |  |  |
Home Comfort Solutions | $ | 228.5 |  |  | $ | 202.6 |  |  | $ | 340.6 |  |  | $ | 313.7 |
Business Climate Solutions | 114.0 |  |  | 103.0 |  |  | 192.2 |  |  | 153.0 |
Corporate and Other | (24.0) |  |  | (22.5) |  |  | (47.5) |  |  | (41.9) |
Total segment profit | 318.5 |  |  | 283.1 |  |  | 485.3 |  |  | 424.8 |
Reconciliation to Operating income: |  |  |  |  |  |  |
Gain on sale from previous dispositions | (1.6) |  |  | — |  |  | (1.6) |  |  | — |
Items in Losses (gains) and other expenses, net that are excluded from segment profit (loss) (2) | — |  |  | 4.3 |  |  | — |  |  | 6.4 |
Operating income | $ | 320.1 |  |  | $ | 278.8 |  |  | $ | 486.9 |  |  | $ | 418.4 |
(1) The Corporate and Other segment included our European portfolio. In the fourth quarter of 2023 we completed the divestiture of our European operations. (2) 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 and other expenses, net: ▪Net change in unrealized losses (gains) on unsettled futures contracts, ▪Environmental liabilities and special litigation charges, and ▪Other items, net ◦Gain on sale from previous dispositions

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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